[Farmmarketnews] Wednesday Ontario Commodity Report & Ahmed Chilmeran Grain Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Aug 22 16:07:33 EDT 2012
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, August 22
(All Bases in CAD)
Bank of Canada Noon exchange rate was 0.9924 up 0.0060
Chicago corn closed slightly lower.
SEP12 HI 8.34 DEC12 HI 8.39 1/2
LOW 8.22 3/4 LOW 8.28 1/4
CLOSE8.30 1/4 Down 1 CLOSE 8.34 3/4 Down 4
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 8.00 315.04 -0.70 7.65 301.07
CK High -0.30 8.00 315.04 -0.65 7.70 303.04
CK Avg -0.30 -0.23 8.00 315.04 -0.68 -0.62 7.67 302.05
Essex Cty -0.30 8.00 315.04 -0.65 7.70 303.04
Mdsx Low -0.30 8.00 315.04 -0.70 7.65 301.07
Mdsx High -0.30 8.00 315.04 -0.70 7.65 301.07
Mdsx Avg -0.30 -0.23 8.00 315.04 -0.70 -0.65 7.65 301.07
Hensall -0.30 8.00 315.04 -0.70 7.65 301.07
Bruce -0.30 8.00 315.04 -0.75 7.60 299.10
Putnam -0.30 8.00 315.04 -0.70 7.65 301.07
Burford -0.30 8.00 315.04 -0.70 7.65 301.07
Port Perry -0.25 8.05 317.01 -0.85 7.50 295.16
Norfolk -0.30 8.00 315.04 -0.70 7.65 301.07
Palmerston -0.30 8.00 315.04 -0.80 7.55 297.13
Varna -0.30 8.00 315.04 -0.70 7.65 301.07
Trenton 0.15 8.45 332.76 -0.75 7.60 299.10
Winchester 0.20 8.50 334.73 -0.50 7.85 308.94
North Gower 0.30 8.60 338.67 -0.70 7.65 301.07
Huron FOB -0.20 8.10 318.98 -0.65 7.70 303.04
Kent FOB -0.30 8.00 315.04 -0.70 7.65 301.07
Lamb FOB -0.30 8.00 315.04 -0.70 7.65 301.07
Mdsx FOB -0.30N/A N/A N/A 8.00 315.04 -0.70 7.65 301.07
FOB SW Que 0.48 8.78 345.75 -0.50 7.85 308.94
Track 0.13 8.43 331.78N/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 8.00 315.04 -0.75 7.60 299.10
Sarn-Eth N/A -0.20 -0.55 -0.55 -0.55 7.80 306.97
Cllngwd-Eth N/A N/A N/A N/A N/A*
London-Cas N/A N/A -0.45 -0.50 -0.35 8.00 314.85
Pt.Colb-Cas N/A N/A -0.40 -0.45 -0.30 8.05 316.82
Cardnl-Cas N/A N/A -0.40 -0.40 -0.30 8.05 316.82
W O Feed 0.27 0.28 8.57 337.48
US Rep 0.65 0.66 8.95 352.44
Toledo El. 0.17 8.47 333.50 0.07 8.42 331.37
TRANSFER
Sarnia N/A N/A
Pt. Stanley N/A N/A
Hamilton N/A -0.72 7.63300 2/7
MID SD CRN -0.67 1/2 7.67 1/4
HI SD CRN -0.65 7.69 3/4
*Wet Bid
Bank of Canada Noon exchange rate was 0.9924 up 0.0060
Chicago soybeans closed mixed.
NOV12 HI 17.34 1/4 NOV12 HI 17.34 1/4
LOW 17.15 1/2 LOW 17.15 1/2
CLOSE17.27 3/4 Down 4 3/4 CLOSE 17.27 3/4 Down 4 3/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +NOV1+NOV1+NOV12
CK Low -0.15 17.13 629.33-0.96 16.32 599.57
CK High -0.10 17.18 631.17-0.83 16.45 604.34
CK Average -0.12 0.02 17.16 630.43-0.89-0.7816.39 602.32
Essex Cty 0.23 17.51 643.29-0.89 16.39 602.14
Mdsx Low -0.26 17.02 625.29-0.98 16.30 598.83
Mdsx High -0.10 17.18 631.17-0.80 16.48 605.44
Mdsx Average -0.18 -0.0417.10 628.23-0.89-0.7816.39 602.14
Hensall -0.10 17.18 631.17-0.88 16.40 602.69
Bruce -0.10 17.18 631.17-0.95 16.33 599.93
Putnam -0.10 17.18 631.17-0.85 16.43 603.61
Burford -0.21 17.07 627.12-0.98 16.30 598.83
Port Perry -0.24 17.04 626.02-1.01 16.27 597.73
Norfolk -0.09 17.19 631.53-0.82 16.46 604.71
Palmerston -0.10 17.18 631.17-0.95 16.33 599.93
Varna -0.10 17.18 631.17-0.95 16.33 599.93
Trenton -0.60 16.68 612.79-0.60 16.68 612.79
Winchester -0.42 16.86 619.41-0.82 16.46 604.71
North Gower -0.44 16.84 618.67-0.78 16.50 606.18
Huron FOB 0.00 17.28 634.84-0.85 16.43 603.61
Kent FOB -0.12 17.16 630.43-0.87 16.41 602.87
Lambton FOB -0.12 17.16 630.43-0.87 16.41 602.87
Middlesex FOB-0.23 N/A N/A N/A 17.05 626.39-0.77 16.51 606.55
PROCESSORS
Hamilton 0.15 0.50 -0.40-0.40 17.43 640.35-0.40 16.88 620.14
Windsor 0.46 N/A N/A N/A 17.74 651.74-0.66 16.62 610.59
Winchester -0.32 16.96 623.08-0.72 16.56 608.38
TRANSFER
Hamilton N/A N/A N/A N/A -0.45 16.83 618.30
Pt. Stanley N/A N/A
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC -0.20 17.08 627.49-0.15 17.13 629.33
Toledo El. N/A -0.23 17.05 626.44
Bank of Canada Noon exchange rate was 0.9924 up 0.0060
Chicago wheat closed mixed.
SEP12 HI 8.99 JUL13 HI 8.63
LOW 8.89 1/2 LOW 8.53 3/4
CLOSE 8.96 1/2 Down 4 CLOSE 8.61 3/4 Up 3/4
Minni wheat closed slightly lower.
SEP12 HI 9.44 3/4 SEP13 HI 9.51 1/4
LOW 9.36 1/2 LOW 9.43 1/2
CLOSE 9.41 3/4 Down 3 CLOSE 9.46 Down 6
GFO Cash Wheat Prices - DEL Terminal
Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.42 -0.17 -0.72 -0.82
CAD $/bu 8.55 8.80 8.25 8.60
CAD $/tonne 314.07 323.18 303.13 315.98
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 -0.75 -1.05 N/A N/A -0.65 -1.10 N/A
London -0.65 -0.55 -1.09 N/A -0.70 -0.70 -1.14 N/A
Hensall -0.65 N/A -1.05 N/A -0.65 N/A -1.10 N/A
Trenton N/A N/A -1.10 N/A N/A N/A -1.15 N/A
Winchester N/A N/A N/A -1.03 N/A N/A N/A N/A
Essex N/A N/A -1.11 N/A N/A N/A -1.24 N/A
Norwich -0.65 N/A -1.05 N/A -0.65 N/A -1.10 N/A
Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A
Kent Bridge -0.65 N/A -1.05 N/A -0.65 N/A -1.15 N/A
Chatham N/A -0.56 -1.06 N/A N/A -0.63 -1.16 N/A
Brigden N/A -0.56 -1.06 N/A N/A -0.63 -1.16 N/A
Palmerston N/A -0.55 -0.97 -1.05 N/A -0.75 -1.03 -1.15
Varna -0.65 -0.65 -1.05 N/A -0.65 -0.75 -1.10 N/A
Mitchell -0.65 -0.60 -1.05 N/A -0.65 -0.70 -1.10 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 -1.20 N/A N/A N/A -0.72 N/A
Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A
PROCESSORS
Toledo FM N/A 0.53 -0.17N/A N/A 0.54 -0.05N/A
Toledo El. 8.82US 8.75CA 8.59US 8.53CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.35 -0.05 -0.70 -0.90
CAD $/bu 8.27 8.56 7.92 8.56
CAD $/tonne 303.73 314.69 290.95 314.41
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 350.00 - 355.00
Bayport Oats 343.00
Bayport Barley 340.00
FOB Hm Soymeal 625.79 - 632.41
DDG's FOB Srn, Wndr, Aylm 290.00 - 310.00
Wednesday August 22, 2012
Commodity
Period
Price
Weekly Movement - Thursday to Friday
Corn CBOT
Sep
8.3050
↑
32.00
cents
Soybeans CBOT
Sep
17.4525
↑
109.25
cents
Wheat CBOT
Sep
8.9700
↑
19.25
cents
Wheat Minn.
Sep
9.4025
↑
5.50
cents
Wheat Kansas
Sep
9.0525
↑
19.50
cents
Canadian $
Sep
1.0087
↓
23.00
points
Retail sales in Canada fell in June, settling below expectations with buyers
becoming more cautious of the rising loonie. Cross border shopping continues to
the US, hitting a record high with more duty-free exemptions. TSX also fell
following the drop in retail sales. Meanwhile, Statistics Canada says Prairie
farmers are expecting record canola this year, as well as increases in wheat and
barley. Production is expected to hit 15.2 million tonnes of canola —
surpassing the record of 14 million tonnes set in 2011. Wheat production is
expected to reach 24.8 million tonnes in 2012, up 9.7% from 22.6 million tonnes
in 2011. Barley production on the Prairies is anticipated to rise 23.8% to 9
million tonnes.
Corn
Corn rose in Chicago following rainfall the past week. Many regions received
rain varying between 3 to 6 inches. Niagara and north London were one of the
isolated spots that did not receive rain and crops were very poor. Great Lakes
Grain (GLG) held its 3rd annual Crop Assessment Tour across its trading partners
in Southwestern Ontario. Although with high variability, corn yield averaged 138
bu/acre in a total sample of 31 growing sites.
Soybeans
Soybeans rose in Chicago following rainfall the past week. Although
re-flowering is not likely to occur, producers still value the rain. In some
areas the top pods of Soybeans have sprouted due to prolonged stress. There are
Soybeans in the London area ready to harvest next week and the majority in the
province will be early. Great Lakes Grain (GLG) held its 3rd annual Crop
Assessment Tour across its trading partners in Southwestern Ontario. Soybean
yield averaged 44.5 bu/acre from a total sample of 31 growing sites. The crop
showed less variability compared to corn.
WHEAT
Wheat rose in Chicago on improved weather conditions. Canadian farmers are
anticipating a good crop performance this year relative to producers south of
the border. The majority of the spring wheat crop has been harvested with areas
of sprouting, some as high as 10%. Winter wheat yields were ranging between 90
to 110 bu/acre. Protein was low, with only around 10% of the hard red winter
crop making protein. The spring crop is also low in protein.
Contract prices for August 22nd, 2012 at 3pm, are as follows:
SWW at $313.63 per tonne ($8.54/bu.), HRW at $322.72 per tonne ($8.78 /bu.),
HRS at $314.81 per tonne ($8.57/bu.), and SRW at $300.89 per tonne
($8.19/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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