[Farmmarketnews] Wednesday Ontario Commodity Report & Ahmed Chilmeran Grain Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Nov 9 16:00:36 EST 2011
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, November 8
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1.014 down 0.0032
Chicago corn closed slightly to moderately higher.
DEC11 HI 6.64 DEC12 HI 6.17
LOW 6.52 LOW 6.10 1/2
CLOSE6.60 1/2 Up 7 1/4 CLOSE 6.14 1/4 Up 2 1/4
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +DEC11+MAR12+MAR12
CK Low -0.35 6.26 246.25 -0.55 5.59 220.17
CK High -0.30 6.31 248.22 -0.50 5.64 222.14
CK Avg -0.32 -0.39 6.29 247.56 -0.51 -0.62 5.63 221.81
Essex Cty -0.30 6.31 248.22 -0.50 5.64 222.14
Mdsx Low -0.35 6.26 246.25 -0.50 5.64 222.14
Mdsx High -0.30 6.31 248.22 -0.50 5.64 222.14
Mdsx Avg -0.33 -0.39 6.28 247.23 -0.50 -0.61 5.64 222.14
Hensall -0.35 6.26 246.25 -0.50 5.64 222.14
Bruce -0.35 6.26 246.25 -0.50 5.64 222.14
Putnam -0.35 6.26 246.25 -0.50 5.64 222.14
Princeton -0.30 6.31 248.22 -0.50 5.64 222.14
Durham -0.40 6.21 244.28 -0.55 5.59 220.17
Norfolk -0.30 6.31 248.22 -0.50 5.64 222.14
Palmerston -0.35 6.26 246.25 -0.50 5.64 222.14
Varna -0.35 6.26 246.25 -0.50 5.64 222.14
Trenton -0.40 6.21 244.28 -0.55 5.59 220.17
Winchester -0.35 6.26 246.25 -0.60 5.54 218.20
North Gower -0.33 6.28 247.04N/A
Huron FOB -0.35 6.26 246.25 -0.50 5.64 222.14
Kent FOB -0.30 6.31 248.22 -0.50 5.64 222.14
Lamb FOB -0.30 6.31 248.22 -0.50 5.64 222.14
Mdsx FOB -0.30 -0.30 -0.20 -0.15 6.31 248.22 -0.50 5.64 222.14
FOB SW Que -0.32 6.29 247.43 -0.25 5.89 231.98
Track 0.03 6.63 261.01N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A -0.50 5.64 222.14
Jhnstwn-Eth N/A -0.25 -0.10 -0.05 -0.25 5.89 231.98
Aylmer-Eth -0.25 -0.25 -0.25 -0.20 6.36 250.19 N/A
Sarn-Eth 0.00 0.00 0.05 0.10 6.61 260.03N/A
Cllngwd-Eth -0.15N/A N/A N/A 6.46 254.12-0.30* 5.84 230.01
London-Cas N/A -0.20 -0.05 0.00 -0.30 5.84 230.01
Pt.Colb-Cas 0.10 -0.15 0.00 0.05 6.71 263.96 -0.15 5.99 235.91
Cardnl-Cas N/A -0.60 0.00 0.05 -0.25 5.89 231.98
W O Feed 0.18 0.17 6.79 267.11
US Rep 0.40 0.39 7.01 275.77
Toledo El. 0.00 6.61 260.03 -0.54 5.60 220.58
TRANSFER
Sarnia N/A N/A
Pt. Stanley -0.33 6.28 247.04N/A
Hamilton -0.05 6.56258 -0.25 5.89232
MID SD CRN -0.32 1/2 6.28
HI SD CRN -0.30 6.30 1/2
*Wet Bid
Bank of Canada Noon exchange rate was 1.014 down 0.0032
Chicago soybeans closed slightly higher.
JAN12 HI 12.17 1/4 NOV12 HI 12.32 1/4
LOW 11.99 3/4 LOW 12.17 1/4
CLOSE12.05 Up 3 1/4 CLOSE 12.23 1/2 Up 5
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +JAN1+JAN1+MAR12
CK Low -0.90 11.15 409.69-0.93 11.31 415.39
CK High -0.80 11.25 413.37-0.85 11.39 418.33
CK Average -0.83 -0.9511.22 412.39-0.89-1.1111.34 416.73
Essex Cty -0.86 11.19 411.16-0.85 11.39 418.33
Mdsx Low -0.79 11.26 413.73-0.94 11.30 415.02
Mdsx High -0.75 11.30 415.20-0.85 11.39 418.33
Mdsx Average -0.77 -0.9011.28 414.47-0.90-1.1111.34 416.67
Hensall -0.73 11.33 416.12-0.83 11.41 419.25
Bruce -0.75 11.30 415.20-0.80 11.44 420.16
Putnam -0.70 11.35 417.04-0.85 11.39 418.33
Princeton -0.73 11.32 415.94-0.88 11.36 417.22
Durham -0.82 11.23 412.63-0.97 11.27 413.92
Norfolk -0.78 11.27 414.10-0.87 11.37 417.59
Palmerston -0.70 11.35 417.04-0.85 11.39 418.33
Varna -0.70 11.35 417.04-0.80 11.44 420.16
Trenton -0.90 11.15 409.69-1.00 11.24 412.82
Winchester -0.72 11.33 416.31-0.82 11.42 419.43
North Gower -0.31 11.74 431.37 N/A
Huron FOB -0.60 11.45 420.72-0.70 11.54 423.84
Kent FOB -0.83 11.22 412.26-0.93 11.31 415.39
Lambton FOB -0.83 11.22 412.26-0.93 11.31 415.39
Middlesex FOB-0.63-0.58-0.58 N/A 11.42 419.61-0.73 11.51 422.74
PROCESSORS
Hamilton -0.25-0.25-0.20-0.25 11.80 433.58-0.35 11.89 436.70
Windsor -0.53-0.32-0.26-0.31 11.52 423.29-0.62 11.62 426.78
Winchester -0.60 11.45 420.72-0.70 11.54 423.84
TRANSFER
Hamilton -0.30 N/A N/A N/A 11.75 431.74-0.35 11.89 436.70
Pt. Stanley -0.70 11.35 417.04-0.80 11.44 420.16
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC -0.15 11.90 437.25-0.05 12.19 447.72
Toledo El. -0.25 11.80 433.48-0.59 11.64 427.87
Bank of Canada Noon exchange rate was 1.014 down 0.0032
Chicago wheat closed moderately higher.
DEC11 HI 6.59 1/4 JUL12 HI 7.17 3/4
LOW 6.36 3/4 LOW 6.99 1/4
CLOSE 6.57 Up 18 1/4 CLOSE 7.15 1/4 Up 11 1/4
Minni wheat closed moderately higher to higher.
MAR12 HI 8.85 1/2 SEP12 HI 8.41 1/4
LOW 8.61 1/4 LOW 8.10 3/4
CLOSE 8.80 1/2 Up 16 3/4 CLOSE 8.36 Up 24 1/4
GFO Cash Wheat Prices - DEL Terminal
Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.13 0.78 -0.13 0.50
CAD $/bu 6.44 7.35 6.44 9.30
CAD $/tonne 236.52 269.93 236.52 341.78
Direct MarkHarvest 2011 Harvest 2012
DELIVERED BASIS DELIVERED BASIS
Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)
ELEVATORS
Brgssvll N/A 0.65 0.00 N/A N/A 0.50 -0.40 N/A
London -0.10 0.61 -0.08 N/A N/A 0.41 -0.45 N/A
Hensall -0.05 N/A 0.00 N/A 0.00 N/A -0.40 N/A
Trenton N/A N/A N/A N/A N/A N/A -0.70 N/A
Winchester N/A N/A N/A N/A N/A N/A N/A -0.30
Essex N/A N/A -0.08 N/A N/A N/A -0.45 N/A
Norwich -0.05 N/A 0.00 N/A 0.00 N/A -0.40 N/A
Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A
Kent Bridge -0.05 N/A 0.00 N/A 0.00 N/A -0.40 N/A
Chatham N/A 0.60 0.00 N/A N/A 0.50 -0.40 N/A
Brigden N/A 0.60 0.00 N/A N/A 0.50 -0.40 N/A
Palmerston N/A 0.80 -0.02 0.62 N/A 0.65 -0.41 0.11
Varna -0.05 0.75 -0.05 N/A 0.10 0.70 -0.35 N/A
Mitchell -0.05 0.70 0.00 N/A 0.00 0.70 -0.40 N/A
Thornton N/A N/A N/A -0.63 N/A N/A N/A N/A
North Gower N/A N/A N/A N/A N/A N/A N/A N/A
TERMINAL
Sarnia N/A N/A N/A N/A N/A N/A N/A N/A
Hamilton N/A N/A 0.40 N/A N/A N/A -0.10 N/A
Pt. Stanley N/A N/A -0.05 N/A N/A N/A -0.41 N/A
PROCESSORS
Toledo FM N/A 0.78 0.17N/A 0.23 1.04 0.33N/A
Toledo El. 6.44US 6.51CA 7.12US 7.25CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.08 0.74 -0.28 0.15
CAD $/bu 7.08 7.89 6.87 8.51
CAD $/tonne 260.01 289.93 252.53 312.65
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 290.00 - 298.00
Bayport Oats 310.00
Bayport Barley 285.00
FOB Hm Soymeal 372.15 - 373.25
DDG's FOB Srn, Wndr, Aylm 223.00 - 240.00
Wednesday November 9, 2011
Commodity
Period
Price
Weekly Movement - Wednesday to Friday
Corn CBOT
Dec.
6.560
↑
5.50
cents
Soybeans CBOT
Nov.
11.768
↓
34.75
cents
Wheat CBOT
Dec.
6.430
↑
12.50
cents
Wheat Minn.
Mar
8.760
↑
6.75
cents
Wheat Kansas
Dec.
7.130
↓
3.75
cents
Canadian $
Dec.
0.978
↓
22.00
points
Greece prepares to name a new prime minister and Italy’s own prime minister;
Silvio Berlusconi announced earlier that he will step down after a budget law
approval passes parliament that assures Italy will adhere to EU’s financial
obligations and requests. This saw financial markets with little change. The
Canadian dollar and its US counterpart pared some losses against the euro amid
hopes of Italy managing its debt crisis.
CORN
USDA’s monthly crop reports had little change on commodity prices on
Wednesday. USDA lowered its forecast for the US corn crop, cutting the projected
size by 1% to 12.31 billion bushels. US farmers are expected to harvest the
fourth largest US corn crop on record, however the growth is mainly driven by
increased plantings rather than higher yields which are estimated at 146.7
bu/acre. This is the lowest average yield since 2003.
SOYBEANS
USDA’s monthly crop report indicated little change to soybean prices. The
2011 US soybean crop is now forecast at 3.046 billion bushels, 14 million less
than last month’s estimate and 293 million bushels smaller than the 2010 crop.
Average yield is forecast at 41.3 bushels, 0.2 bushel below the October forecast
and 2.2 bushels below the 2010 average. USDA forecast for Argentina soybean
production was reduced by 37 million bushels, while that of Brazil was increased
by 55 million bushels. Brazil is to overtake the US as the world's top soybean
export, due to supporting weather conditions.
WHEAT
USDA’s world supply and demand estimates slashed the US wheat crop by 8
million bushels leaving consumption estimates unchanged. The season’s average
farm price for the US farmer is in the range of $7.05 to $7.75, compared to
October’s forecast of $7.10 to $7.90. Most of the 2011 winter wheat crop has
already been sold by producers. Wet weather in Ontario has delayed soybean
harvest and also impacted winter wheat acreage to nearly half of what was
planted last year.Ontario farmers planted 460,000 acres of wheat by November
1st, well below estimates of 800,000 acres for this year.
Harvest contract prices for November 9, 2011 at close, are as follows:
SWW at $241.58 per tonne ($6.57/bu.), SRW at $241.58 per tonne ($6.57/bu.),
HRW at $273.51 per tonne ($7.44 /bu.), and HRS at $347.90 per tonne ($9.47
/bu.).
John Jordan
Editor, AgriLink and Farm Market News
University of Guelph, Ridgetown Campus
Tel. 519-674-1500 x 63577
Fax. 519-674-1530
E-mail: jjordan at ridgetownc.uoguelph.ca
AgriLink website : www.ridgetownc.com/agrilink
-------------- next part --------------
A non-text attachment was scrubbed...
Name: Wheatcom.docx
Type: application/vnd.openxmlformats-officedocument.wordprocessingml.document
Size: 317438 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20111109/2f9db4a5/attachment-0001.bin>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: Wheatcom.pdf
Type: application/pdf
Size: 236045 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20111109/2f9db4a5/attachment-0002.pdf>
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: Wheatcom.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20111109/2f9db4a5/attachment-0002.txt>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: grain.pdf
Type: application/pdf
Size: 270593 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20111109/2f9db4a5/attachment-0003.pdf>
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: corn.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20111109/2f9db4a5/attachment-0003.txt>
More information about the Farmmarketnews
mailing list