[Farmmarketnews] Wednesday Ontario Commodity Report & Ahmed Chilmeran Grain Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Aug 8 16:07:31 EDT 2012
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, August 8
(All Bases in CAD)
Bank of Canada Noon exchange rate was 0.9947 down 0.0017
Chicago corn closed higher.
SEP12 HI 8.11 3/4 DEC12 HI 8.17 1/4
LOW 7.87 3/4 LOW 7.92 1/2
CLOSE8.10 3/4 Up 14 3/4 CLOSE 8.16 1/2 Up 16
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +SEP12+DEC12+DEC12
CK Low -0.30 7.81 307.37 -0.70 7.47 293.88
CK High -0.20 7.91 311.30 -0.60 7.57 297.82
CK Avg -0.22 -0.18 7.89 310.65 -0.67 -0.65 7.50 295.20
Essex Cty -0.30 7.81 307.37 -0.70 7.47 293.88
Mdsx Low -0.20 7.91 311.30 -0.70 7.47 293.88
Mdsx High -0.20 7.91 311.30 -0.70 7.47 293.88
Mdsx Avg -0.20 -0.16 7.91 311.30 -0.70 -0.68 7.47 293.88
Hensall -0.20 7.91 311.30 -0.68 7.49 294.87
Bruce -0.20 7.91 311.30 -0.70 7.47 293.88
Putnam -0.20 7.91 311.30 -0.70 7.47 293.88
Burford -0.20 7.91 311.30 -0.70 7.47 293.88
Port Perry -0.20 7.91 311.30 -0.90 7.27 286.01
Norfolk -0.20 7.91 311.30 -0.70 7.47 293.88
Palmerston -0.20 7.91 311.30 -0.80 7.37 289.95
Varna -0.20 7.91 311.30 -0.65 7.52 295.85
Trenton 0.10 8.21 323.11 -0.70 7.47 293.88
Winchester 0.15 8.26 325.08 -0.50 7.67 301.76
North Gower 0.30 8.41 330.99 -0.70 7.47 293.88
Huron FOB -0.30 7.81 307.37 -0.65 7.52 295.85
Kent FOB -0.20 7.91 311.30 -0.70 7.47 293.88
Lamb FOB -0.20 7.91 311.30 -0.70 7.47 293.88
Mdsx FOB 0.00N/A N/A N/A 8.11 319.18 -0.70 7.47 293.88
FOB SW Que 0.35 8.46 332.96 -0.60 7.57 297.82
Track 0.20 8.31 327.05N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A N/A
Jhnstwn-Eth N/A N/A N/A N/A N/A
Aylmer-Eth -0.30 -0.10 -0.75 -0.75 7.81 307.37 -0.75 7.42 291.92
Sarn-Eth N/A -0.20 -0.55 -0.55 -0.55 7.62 299.79
Cllngwd-Eth N/A N/A N/A N/A N/A*
London-Cas N/A N/A -0.45 -0.40 -0.35 7.82 307.66
Pt.Colb-Cas N/A 0.60 -0.40 -0.35 -0.30 7.87 309.63
Cardnl-Cas N/A 0.65 -0.40 -0.35 -0.30 7.87 309.63
W O Feed 0.28 0.29 8.39 330.20
US Rep 0.65 0.66 8.76 344.77
Toledo El. 0.17 8.28 325.84 0.07 8.23 324.19
TRANSFER
Sarnia N/A N/A
Pt. Stanley N/A N/A
Hamilton N/A -0.66 7.51295 1/2
MID SD CRN -0.65 1 7.51 1/2
HI SD CRN -0.60 7.56 1/2
*Wet Bid
Bank of Canada Noon exchange rate was 0.9947 down 0.0017
Chicago soybeans closed slightly to moderately higher.
NOV12 HI 15.83 NOV12 HI 15.83
LOW 15.55 1/4 LOW 15.55 1/4
CLOSE15.81 1/4 Up 15 1/2 CLOSE 15.81 1/4 Up 15 1/2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +NOV1+NOV1+NOV12
CK Low -0.30 15.51 569.99-0.85 14.96 549.78
CK High 0.10 15.91 584.68-0.70 15.11 555.29
CK Average -0.04 0.04 15.78 579.72-0.80-0.7615.02 551.74
Essex Cty -0.09 15.72 577.70-0.82 14.99 550.88
Mdsx Low -0.12 15.69 576.60-0.82 14.99 550.88
Mdsx High 0.05 15.86 582.85-0.80 15.01 551.61
Mdsx Average -0.04 0.04 15.78 579.72-0.81-0.7715.00 551.25
Hensall 0.08 15.89 583.77-0.80 15.01 551.61
Bruce 0.05 15.86 582.85-0.80 15.01 551.61
Putnam 0.05 15.86 582.85-0.80 15.01 551.61
Burford -0.07 15.74 578.44-0.82 14.99 550.88
Port Perry -0.10 15.71 577.34-0.85 14.96 549.78
Norfolk 0.00 15.81 581.01-0.78 15.03 552.35
Palmerston 0.10 15.91 584.68-0.80 15.01 551.61
Varna 0.10 15.91 584.68-0.80 15.01 551.61
Trenton -0.38 15.43 567.05-0.74 15.07 553.82
Winchester -0.43 15.38 565.21-0.69 15.12 555.66
North Gower -0.39 15.42 566.68-0.63 15.18 557.86
Huron FOB 0.20 16.01 588.36-0.70 15.11 555.29
Kent FOB -0.03 15.78 579.91-0.83 14.98 550.51
Lambton FOB -0.03 15.78 579.91-0.83 14.98 550.51
Middlesex FOB-0.16 N/A N/A N/A 15.65 575.13-0.71 15.10 554.92
PROCESSORS
Hamilton 0.20 0.20 -0.35-0.35 16.01 588.36-0.35 15.46 568.15
Windsor 0.13 N/A N/A N/A 15.94 585.79-0.59 15.22 559.33
Winchester -0.18 15.63 574.40-0.53 15.28 561.54
TRANSFER
Hamilton 0.35 N/A N/A N/A 16.16 593.87-0.25 15.56 571.82
Pt. Stanley N/A N/A
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC -0.20 15.61 573.66-0.15 15.66 575.50
Toledo El. 0.27 16.08 590.89-0.23 15.58 572.58
Bank of Canada Noon exchange rate was 0.9947 down 0.0017
Chicago wheat closed mixed.
SEP12 HI 9.02 3/4 JUL13 HI 8.57 3/4
LOW 8.69 1/4 LOW 8.37
CLOSE 8.99 1/4 Up 10 1/4 CLOSE 8.42 3/4 Down 7
Minni wheat closed slightly to moderately higher.
SEP12 HI 9.50 SEP13 HI 9.57 1/2
LOW 9.24 1/2 LOW 9.30
CLOSE 9.45 1/4 Up 9 CLOSE 9.52 3/4 Up 13 3/4
GFO Cash Wheat Prices - DEL Terminal
Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.29 -0.04 -0.64 -0.64
CAD $/bu 8.70 8.95 8.35 8.81
CAD $/tonne 319.76 328.90 306.96 323.78
Direct MarkHarvest 2012 Harvest 2013
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 -0.52 -1.00 N/A N/A -0.59 -1.12 N/A
London -0.50 -0.45 -1.00 N/A -0.63 -0.53 -1.08 N/A
Hensall -0.50 N/A -1.00 N/A -0.50 N/A -1.00 N/A
Trenton N/A N/A -1.00 N/A N/A N/A -1.15 N/A
Winchester N/A N/A N/A -0.98 N/A N/A N/A N/A
Essex N/A N/A -1.08 N/A N/A N/A -1.22 N/A
Norwich -0.50 N/A -1.00 N/A -0.50 N/A -1.00 N/A
Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A
Kent Bridge -0.40 N/A -1.00 N/A -0.50 N/A -1.05 N/A
Chatham N/A -0.52 -1.02 N/A N/A -0.59 -1.12 N/A
Brigden N/A -0.52 -1.02 N/A N/A -0.59 -1.12 N/A
Palmerston N/A -0.51 -0.93 -1.01 N/A -0.71 -0.99 -1.11
Varna -0.50 -0.50 -0.95 N/A -0.50 -0.50 -1.00 N/A
Mitchell -0.50 -0.55 -1.00 N/A -0.50 -0.70 -1.00 N/A
Thornton N/A N/A N/A N/A N/A N/A N/A N/A
North Gower N/A N/A N/A -0.86 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 -0.80 N/A N/A N/A -0.65 N/A
Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A
PROCESSORS
Toledo FM 0.31 0.66 0.06N/A N/A 0.58 0.08N/A
Toledo El. 8.94US 8.90CA 8.40US 8.38CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.32 -0.02 -0.67 -0.87
CAD $/bu 8.11 8.41 7.76 8.66
CAD $/tonne 297.95 308.95 285.12 318.11
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 335.00 - 350.00
Bayport Oats 325.00
Bayport Barley 325.00
FOB Hm Soymeal 608.60 - 621.82
DDG's FOB Srn, Wndr, Aylm 285.00 - 315.00
Wednesday August 8, 2012
Commodity
Period
Price
Weekly Movement - Wednesday to Friday
Corn CBOT
Sep
8.1000
↓
1.00
cents
Soybeans CBOT
Aug
16.3000
↓
28.00
cents
Wheat CBOT
Sep
8.9925
↑
5.50
cents
Wheat Minn.
Sep
9.6400
↑
15.75
cents
Wheat Kansas
Sep
9.0500
↑
9.25
cents
Canadian $
Sep
1.0043
↑
39.00
points
Scotiabank in a recent report expects Canadian house prices to drop down by as
much as 10% in the coming two or three years, especially in regions of Toronto
and Vancouver. The TSX was flat for most of the day, with upstream pressure from
a dividend boost from BCE Inc. and downstream pressure from cautious
anticipation of upcoming Chinese economic data. Germany, the EU powerhouse is
showing a significant contraction in exports and industrial production. The EU
experiencing another recession is becoming more likely as the grim economic
outlook continues to spread throughout the 17 plagued countires.
CORN
Corn rose in Chicago ahead of the upcoming USDA report on Friday.The crop
report is expected to have the lowest corn yield in over a decade supporting
prices in the near future. The draught stricken shrinking corn yields have
brought the topic of biofuels vs. food back under the microscope since a spike
in grains four years ago fueled riots in developing countries. Ethanol in the US
is the world's main biofuel, at more than twice the production of Brazilian
sugar ethanol.
SOYBEANS
Soybean rose in Chicago ahead of the upcoming USDA report on Friday. Prices are
finding support from expectations that the report will have significantly lower
yields maintaining high demand for the crop in the near future.Rain and cooler
weather will provide relief for late season soybeans, but the improved weather
is coming a bit too late to help remedy the damaged crop.
WHEAT
Wheat rose in Chicago tracking corn and soybeans after losses in earlier
sessions. The recovery came after Russia indicated that it may ban wheat exports
due to a drought conditions. The ban is aimed at insuring adequate supply for
internal consumption. The news helped ease concerns about a further shrinking of
global wheat supplies.
Contract prices for August 8th, 2012 at 3:30pm, are as follows:
SWW at $319.46 per tonne ($8.69/bu.), HRW at $328.60 per tonne ($8.94 /bu.),
HRS at $323.76per tonne ($8.81/bu.), and SRW at $306.67 per tonne ($8.35/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 uoguelph.ca
AgriLink website : www.ridgetownc.com/agrilink
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