[Farmmarketnews] Thursday Ontario Commodity Report & Ahmed Chilmeran Grain Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Thu Dec 6 16:13:56 EST 2012
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 6
(All Bases in CAD)
Bank of Canada Noon exchange rate was 0.991 down 0.0002
Chicago corn closed slightly lower.
MAR13 HI 7.59 DEC13 HI 6.46
LOW 7.48 LOW 6.40 1/4
CLOSE7.51 1/2 Down 6 1/4 CLOSE 6.43 1/2 Down 2
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +MAR13+MAR13+MAY13
CK Low -0.65 6.87 270.26 -0.75 5.69 223.81
CK High -0.60 6.92 272.23 -0.70 5.74 225.78
CK Avg -0.64 -0.58 6.87 270.59 -0.72 -0.69 5.72 225.12
Essex Cty -0.65 6.87 270.26 -0.75 5.69 223.81
Mdsx Low -0.65 6.87 270.26 -0.70 5.74 225.78
Mdsx High -0.65 6.87 270.26 -0.70 5.74 225.78
Mdsx Avg -0.65 -0.59 6.87 270.26 -0.70 -0.67 5.74 225.78
Hensall -0.65 6.87 270.26 -0.70 5.74 225.78
Bruce -0.65 6.87 270.26 -0.70 5.74 225.78
Putnam -0.65 6.87 270.26 -0.70 5.74 225.78
Burford -0.60 6.92 272.23 -0.70 5.74 225.78
Port Perry -0.65 6.87 270.26 -0.70 5.74 225.78
Norfolk -0.60 6.92 272.23 -0.75 5.69 223.81
Palmerston -0.65 6.87 270.26 -0.75 5.69 223.81
Varna -0.65 6.87 270.26 -0.70 5.74 225.78
Trenton -0.60 6.92 272.23 -0.70 5.74 225.78
Winchester -0.30 7.22 284.04 -0.75 5.69 223.81
North Gower -0.40 7.12 280.11 -0.76 5.68 223.41
Huron FOB -0.60 6.92 272.23 -0.70 5.74 225.78
Kent FOB -0.65 6.87 270.26 -0.75 5.69 223.81
Lamb FOB -0.65 6.87 270.26 -0.75 5.69 223.81
Mdsx FOB -0.65 -0.60 -0.55N/A 6.87 270.26 -0.70 5.74 225.78
FOB SW Que -0.35 7.17 282.07 -0.50 5.94 233.65
Track -0.28 7.24 285.03N/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 N/A N/A N/A -0.35 N/A
Sarn-Eth -0.60 -0.30 -0.30 -0.30 6.92 272.23N/A
Cllngwd-Eth N/A N/A N/A N/A N/A*
London-Cas N/A N/A N/A N/A -0.55 5.89 231.68
Pt.Colb-Cas N/A N/A N/A N/A -0.40 6.04 237.59
Cardnl-Cas N/A N/A N/A 0.15 -0.45 5.99 235.62
W O Feed -0.25 -0.24 7.27 286.01
US Rep 0.50 0.51 8.02 315.54
Toledo El. -0.01 7.51 295.46 -0.28 6.16 242.36
TRANSFER
Sarnia N/A N/A
Pt. Stanley -0.70 6.82 268.29 -0.70 5.74225 7/9
Hamilton -0.55 6.97274 1/5 -0.55 5.89231 2/3
MID SD CRN -0.62 1/2 6.89
HI SD CRN -0.60 6.91 1/2
*Wet Bid
Bank of Canada Noon exchange rate was 0.991 down 0.0002
Chicago soybeans closed slightly to moderately higher.
JAN13 HI 14.92 1/2 NOV13 HI 13.40
LOW 14.73 1/4 LOW 13.16 3/4
CLOSE14.91 1/4 Up 12 CLOSE 13.34 3/4 Up 2 3/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +JAN1+JAN1+MAR13
CK Low -0.81 14.10 518.18-0.95 12.40 455.53
CK High -0.80 14.11 518.55-0.90 12.45 457.37
CK Average -0.80 -0.6814.11 518.48-0.93-0.8712.41 456.14
Essex Cty -0.56 14.35 527.36-0.86 12.49 458.84
Mdsx Low -0.77 14.14 519.65-0.92 12.43 456.63
Mdsx High -0.75 14.16 520.38-0.90 12.45 457.37
Mdsx Average -0.76 -0.6414.15 520.02-0.91-0.8512.44 457.00
Hensall -0.75 14.16 520.38-0.88 12.47 458.29
Bruce -0.75 14.16 520.38-0.90 12.45 457.37
Putnam -0.80 14.11 518.55-0.95 12.40 455.53
Burford -0.77 14.14 519.65-0.92 12.43 456.63
Port Perry -0.80 14.11 518.55-0.95 12.40 455.53
Norfolk -0.75 14.16 520.38-0.90 12.45 457.37
Palmerston -0.80 14.11 518.55-0.90 12.45 457.37
Varna -0.80 14.11 518.55-0.90 12.45 457.37
Trenton -0.81 14.10 518.18-0.85 12.50 459.20
Winchester -0.65 14.26 524.06-0.70 12.65 464.72
North Gower -0.56 14.35 527.36-0.93 12.42 456.27
Huron FOB -0.60 14.31 525.89-0.80 12.55 461.04
Kent FOB -0.80 14.11 518.55-0.95 12.40 455.53
Lambton FOB -0.80 14.11 518.55-0.95 12.40 455.53
Middlesex FOB-0.48 N/A N/A N/A 14.43 530.30-0.78 12.57 461.78
PROCESSORS
Hamilton -0.20-0.30-0.30-0.25 14.71 540.59-0.45 12.90 473.90
Windsor -0.34-0.33-0.32-0.31 14.57 535.45-0.63 12.72 467.29
Winchester N/A N/A
TRANSFER
Hamilton -0.12-0.75 N/A N/A 14.79 543.53-0.40 12.95 475.74
Pt. Stanley N/A N/A
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC 0.25 15.16 557.13-0.26 13.09 480.88
Toledo El. -0.16 14.75 542.11-0.33 13.02 478.36
Bank of Canada Noon exchange rate was 0.991 down 0.0002
Chicago wheat closed slightly higher.
MAR13 HI 8.64 1/4 JUL13 HI 8.74
LOW 8.53 LOW 8.64 1/4
CLOSE 8.62 Up 2 CLOSE 8.73 Up 3 1/2
Minni wheat closed slightly higher.
MAR13 HI 9.36 1/2 SEP13 HI 9.44 1/4
LOW 9.28 LOW 9.35 1/4
CLOSE 9.35 1/4 Up 3 CLOSE 9.44 1/4 Up 4 1/4
GFO Cash Wheat Prices - DEL Terminal
Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.67 -0.57 -1.01 -1.02
CAD $/bu 7.95 8.05 7.61 8.33
CAD $/tonne 292.23 295.87 279.48 306.17
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 N/A -1.20 N/A N/A -0.95 -1.25 N/A
London -0.96 -0.96 -1.21 N/A -0.96 -0.96 -1.26 N/A
Hensall -0.85 N/A -1.20 N/A -0.75 N/A -1.25 N/A
Trenton N/A N/A N/A N/A N/A N/A -1.40 N/A
Winchester N/A N/A N/A N/A N/A N/A N/A -1.05
Essex N/A N/A -1.28 N/A N/A N/A -1.28 N/A
Norwich -0.85 N/A -1.20 N/A -0.75 N/A -1.25 N/A
Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A
Kent Bridge -0.95 N/A -1.25 N/A -0.80 N/A -1.25 N/A
Chatham N/A -0.95 -1.20 N/A N/A -0.94 -1.24 N/A
Brigden N/A -0.95 -1.20 N/A N/A -0.94 -1.24 N/A
Palmerston N/A -0.80 -1.21 -0.89 N/A -0.85 -1.26 -1.03
Varna -0.80 -0.90 -1.05 N/A -0.70 -1.05 -1.15 N/A
Mitchell -0.95 -1.05 -1.20 N/A -0.75 -1.05 -1.25 N/A
Thornton N/A N/A N/A -1.72 N/A N/A N/A N/A
North Gower N/A N/A N/A -1.02 N/A N/A N/A -0.97
TERMINAL
Sarnia N/A N/A N/A N/A N/A N/A N/A N/A
Hamilton N/A N/A -0.77 N/A N/A N/A -0.86 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 N/A -0.17N/A 0.36N/A -0.24N/A
Toledo El. 8.28US 8.21CA 8.50US 8.46CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.54 -0.44 -0.98 -0.99
CAD $/bu 8.19 8.29 7.75 8.46
CAD $/tonne 301.08 304.73 284.61 310.68
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 365.00
Bayport Oats 345.00
Bayport Barley 325.00
FOB Hm Soymeal 535.73 - 536.06
DDG's FOB Srn, Wndr, Aylm 250.00 - 285.00
Thursday December 6, 2012
Commodity Period Price Weekly Movement - Thursday to Friday
Corn CBOT Mar 7.5225 ↑ 9.50 cents
Soybeans CBOT Jan 14.9125 ↑ 61.75 cents
Wheat CBOT Mar 8.6200 ↑ 13.25 cents
Wheat Minn. Mar 9.3525 ↑ 16.50 cents
Wheat Kansas Mar 9.1200 ↓ 5.25 cents
Canadian $ Dec 1.0084 ↑ 24.00 points
Loblaw Companies Ltd. plans to leverage a significant portion of its assets to form one of the largest real estate investment trusts (REIT) in Canada, estimated at more than $7 billion. TD Bank Financial Group is buying Epoch investment, a US investment management business for US$668 million in cash, following profitable Q4 earning of $1.6 billion. Canadian Pacific (CP) Railway, Canada’s second largest rail carrier intends to slash 4,500 jobs by 2016. The University of Guelph recently issued The Food Price Index, an annual report that forecasts food prices. The report estimates that beef and pork prices will increase by 4.5% and 6.5% respectively due to the recent rally in grain prices. Eggs will go up by 3.5% to 5%, due to animal welfare-based technology. Grain prices will likely rise by 1.4% to 2.7%.
Corn
Corn was slightly higher on stronger ethanol production and higher soybean prices. Futures were steady to slightly lower as investors await improvement on the demand side. Analysts are expecting US crop to achieve 147 bu/acre next year. However concerns over a lack of Midwestern soil moisture remains prevalent as a typically dry winter is anticipated.
Soybeans
Soybean prices were up over production concerns from unfavorable weather in Argentina delaying planting, and rumors that China secured purchases of US soybeans. Traders remain cautious over record tight US supplies despite plentiful South American supply.
WHEAT
The drought continues to find its way through various central states even as winter sets in, impacting not only the crop but also transportation as waterway become shallower. US farmers could abandon a quarter of the new winter crop experts say due to the ongoing weather conditions. The upcoming spring however will reveal more about the health of the crop.
Contract prices for December 6th 2012 at 3:30pm, are as follows:
SWW at $292.24 per tonne ($7.95 /bu), HRW at $295.88 per tonne ($8.05/bu.),
HRS at $306.18 per tonne ($8.33/bu.), and SRW at $279.48 per tonne ($7.61/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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