[Farmmarketnews] Wednesday Ontario Commodity Report & Ahmed Chilmeran Grain Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Oct 26 16:13:41 EDT 2011
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, October 26
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1.0101 down 0.0043
Chicago corn closed moderately lower to lower.
DEC11 HI 6.55 1/2 DEC12 HI 6.11 1/2
LOW 6.33 LOW 5.95 3/4
CLOSE6.37 1/4 Down 13 1/2 CLOSE 6.00 1/2 Down 8
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 6.02 237.10 -0.50 5.51 216.72
CK High -0.35 6.02 237.10 -0.50 5.51 216.72
CK Avg -0.35 -0.39 6.02 237.10 -0.50 -0.59 5.51 216.72
Essex Cty -0.40 5.97 235.13 -0.55 5.46 214.75
Mdsx Low -0.35 6.02 237.10 -0.50 5.51 216.72
Mdsx High -0.35 6.02 237.10 -0.50 5.51 216.72
Mdsx Avg -0.35 -0.39 6.02 237.10 -0.50 -0.59 5.51 216.72
Hensall -0.33 6.05 238.08 -0.48 5.53 217.71
Bruce -0.35 6.02 237.10 -0.50 5.51 216.72
Putnam -0.35 6.02 237.10 -0.50 5.51 216.72
Princeton -0.35 6.02 237.10 -0.50 5.51 216.72
Durham -0.40 5.97 235.13 -0.50 5.51 216.72
Norfolk -0.35 6.02 237.10 -0.50 5.51 216.72
Palmerston -0.30 6.07 239.06 -0.50 5.51 216.72
Varna -0.30 6.07 239.06 -0.45 5.56 218.69
Trenton -0.40 5.97 235.13 -0.55 5.46 214.75
Winchester -0.35 6.02 237.10 -0.50 5.51 216.72
North Gower N/A N/A
Huron FOB -0.30 6.07 239.06 -0.45 5.56 218.69
Kent FOB -0.35 6.02 237.10 -0.50 5.51 216.72
Lamb FOB -0.35 6.02 237.10 -0.50 5.51 216.72
Mdsx FOB -0.35 -0.35 -0.35 -0.30 6.02 237.10 -0.50 5.51 216.72
FOB SW Que -0.35 6.02 237.10 -0.30 5.71 224.60
Track 0.00 6.37 250.87N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A -0.40 5.61 220.66
Jhnstwn-Eth N/A N/A -0.25 -0.10 -0.25 5.76 226.56
Aylmer-Eth -0.25 -0.25 -0.25 -0.25 6.12 241.03 N/A
Sarn-Eth 0.00 -0.30 -0.10 0.05 6.37 250.87N/A
Cllngwd-Eth -0.10N/A N/A N/A 6.27 246.94-0.35* 5.66 222.63
London-Cas N/A N/A -0.30 -0.10 -0.15 5.86 230.50
Pt.Colb-Cas 0.10 0.00 -0.25 -0.05 6.47 254.81 -0.20 5.81 228.53
Cardnl-Cas N/A N/A -0.70 -0.05 -0.10 5.91 232.47
W O Feed 0.21 0.20 6.58 259.14
US Rep 0.30 0.29 6.67 262.68
Toledo El. -0.03 6.34 249.68 -0.54 5.47 215.23
TRANSFER
Sarnia N/A N/A
Pt. Stanley -0.33 6.04 237.88 -0.33 5.68223 2/5
Hamilton -0.33 6.04237 8/9 -0.29 5.72225
MID SD CRN -0.35 6.02 1/4
HI SD CRN -0.35 6.02 1/4
*Wet Bid
Bank of Canada Noon exchange rate was 1.0101 down 0.0043
Chicago soybeans closed slightly to moderately lower.
NOV11 HI 12.33 1/2 NOV12 HI 12.39 1/2
LOW 12.1 LOW 12.18 1/4
CLOSE12.10 1/2 Down 15 CLOSE 12.20 3/4 Down 10 3/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +JAN1+JAN1+MAR12
CK Low -0.90 11.21 411.71-0.99 11.22 412.17
CK High -0.78 11.33 416.12-0.95 11.26 413.64
CK Average -0.87 -0.9511.24 412.88-0.97-1.1511.24 413.03
Essex Cty -0.70 11.41 419.06-0.88 11.33 416.21
Mdsx Low -0.93 11.18 410.61-1.03 11.18 410.70
Mdsx High -0.80 11.31 415.39-0.85 11.36 417.32
Mdsx Average -0.88 -0.9611.23 412.57-0.96-1.1411.25 413.27
Hensall -0.80 11.31 415.39-0.83 11.38 418.24
Bruce -0.90 11.21 411.71-0.95 11.26 413.64
Putnam -0.80 11.31 415.39-0.85 11.36 417.32
Princeton -0.84 11.27 413.92-0.94 11.27 414.01
Durham -0.93 11.18 410.61-1.03 11.18 410.70
Norfolk -0.84 11.27 413.92-0.93 11.28 414.38
Palmerston -0.75 11.36 417.22-0.75 11.46 420.99
Varna -0.75 11.36 417.22-0.75 11.46 420.99
Trenton -0.95 11.16 409.88-0.95 11.26 413.64
Winchester -0.87 11.24 412.82-0.97 11.24 412.91
North Gower N/A N/A
Huron FOB -0.70 11.41 419.06-0.75 11.46 420.99
Kent FOB -0.89 11.22 412.08-0.99 11.22 412.17
Lambton FOB -0.89 11.22 412.08-0.99 11.22 412.17
Middlesex FOB-0.69-0.71-0.64-0.64 11.42 419.43-0.79 11.42 419.52
PROCESSORS
Hamilton -0.55-0.55-0.50-0.35 11.56 424.57-0.60 11.61 426.50
Windsor -0.47-0.37-0.36-0.31 11.64 427.51-0.66 11.55 424.30
Winchester -0.82 11.29 414.65-0.92 11.29 414.74
TRANSFER
Hamilton -0.35 N/A N/A N/A 11.76 431.92-0.35 11.86 435.69
Pt. Stanley -0.80 11.31 415.39-0.80 11.41 419.15
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC -0.25 11.86 435.600.00 12.21 448.55
Toledo El. -0.26 11.84 435.16-0.59 11.62 426.92
Bank of Canada Noon exchange rate was 1.0101 down 0.0043
Chicago wheat closed moderately lower.
DEC11 HI 6.43 1/4 JUL12 HI 7.13 1/2
LOW 6.16 1/2 LOW 6.90
CLOSE 6.19 1/2 Down 16 3/4 CLOSE 6.94 1/4 Down 14
Minni wheat closed slightly lower.
MAR12 HI 8.64 SEP12 HI 8.02 1/4
LOW 8.42 3/4 LOW 7.91 1/2
CLOSE 8.45 1/2 Down 9 1/2 CLOSE 7.96 3/4 Down 6
GFO Cash Wheat Prices - DEL Terminal
Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.26 0.65 -0.26 0.26
CAD $/bu 5.94 6.84 5.94 8.72
CAD $/tonne 218.11 251.41 218.11 320.23
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 0.40 -0.30 N/A N/A 0.10 -0.60 N/A
London -0.44 0.37 -0.34 N/A N/A 0.07 -0.58 N/A
Hensall -0.30 N/A -0.30 N/A -0.15 N/A -0.60 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 -1.00 N/A N/A N/A -0.30
Essex N/A N/A -0.76 N/A N/A N/A -0.63 N/A
Norwich -0.30 N/A -0.30 N/A -0.15 N/A -0.60 N/A
Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A
Kent Bridge -0.30 N/A -0.30 N/A -0.05 N/A -0.50 N/A
Chatham N/A 0.30 -0.34 N/A N/A 0.02 -0.64 N/A
Brigden N/A 0.30 -0.34 N/A N/A 0.02 -0.64 N/A
Palmerston N/A 0.39 -0.42 0.28 N/A 0.31 -0.61 0.10
Varna -0.35 0.45 -0.35 N/A -0.20 0.40 -0.65 N/A
Mitchell -0.30 0.40 -0.30 N/A -0.15 0.15 -0.55 N/A
Thornton N/A N/A N/A -0.78 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 -0.25 N/A N/A N/A -0.55 N/A
Pt. Stanley N/A N/A -0.70 N/A N/A N/A -1.00 N/A
PROCESSORS
Toledo FM N/A 0.75 0.14N/A 0.20 1.02 0.31N/A
Toledo El. 6.02US 6.06CA 6.91US 7.01CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.30 0.51 -0.51 0.02
CAD $/bu 6.64 7.45 6.44 7.98
CAD $/tonne 243.93 273.76 236.48 293.33
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 295.00 - 305.00
Bayport Oats 305.00
Bayport Barley 285.00
FOB Hm Soymeal 374.79 - 375.89
DDG's FOB Srn, Wndr, Aylm 223.00 - 270.00
Wednesday October 26, 11
Commodity
Period
Price
Movement from last Friday
Corn CBOT
Dec.
6.373
↑
6.50
cents
Soybeans CBOT
Nov.
12.105
↓
13.00
cents
Wheat CBOT
Dec.
6.195
↓
19.25
cents
Wheat Minn.
Mar
8.455
↓
15.75
cents
Wheat Kansas
Dec.
7.160
↓
10.75
cents
Canadian $
Dec.
0.993
↑
240.00
points
European leaders continue to struggle in reaching a concrete agreement on a
rescue plan that would reassure investors and world markets on Wednesday. As of
Tuesday, governments and banks remained divided over the extent of the losses
that would have to be accepted by holders of government bonds issued by Greece,
the country that started the domino effect.The TSX among other equity markets,
were positive amid hopes for progress in the euro crisis and some positive
outlook in corporate earnings. The Canadian dollar rose slightly against its
U.S. counterpart as markets await the outcome of the European summit later on
Wednesday.
CORN
Corn futures stand firmer in cautious trade as markets wait the results of the
European summit. China, the world’s second-largest corn consumer may quadruple
imports this year from 1 million to 4 million tons, as meat demand climbs and
the country enters “a golden age” of consumption, according to Morgan
Stanley. CBOT December corn was up 0.2% at $6.5225/bu, but fell back by the
close of the markets.
SOYBEANS
Soybean futures are slightly up over adverse U.S. weather; speculation on China
ease of monetary policy in the near-term and optimism over the European summit.
All this lent support to prices, with soybean trading November futures 0.3%
higher at $12.2925/bu, but fell by the close of the markets.
WHEAT
Wheat futures are trading lower while markets wait the results of the crucial
European summit on Wednesday. European dealers are awaiting the result later on
Wednesday for wheat purchase tender from Egypt, its first in a month and with
Ukraine again included as an accepted origin after a long absence. CBOT December
wheat was up 0.5% at $6.3975/bu, but fell by the close of the markets.
Harvest contract prices for October 26, 2011 at close, are as follows:
SWW at $218.12 per tonne ($5.94 /bu.), SRW at $218.12 per tonne ($5.94 /bu.),
HRW at $251.42 per tonne ($6.84 /bu.), and HRS at $320.24 per tonne ($8.72
/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
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