[Farmmarketnews] Wednesday Ontario Commodity Report & Ahmed Chilmeran Grain Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Feb 22 16:19:33 EST 2012
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 22
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1 up 0.0045
Chicago corn closed slightly to moderately higher.
MAR12 HI 6.39 1/2 DEC12 HI 5.66 1/2
LOW 6.25 3/4 LOW 5.60
CLOSE6.38 1/4 Up 8 3/4 CLOSE 5.64 1/2 Up 3/4
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +MAY12+MAY12+JUL12
CK Low -0.40 5.98 235.52 -0.65 5.00 196.64
CK High -0.30 6.08 239.46 -0.60 5.05 198.61
CK Avg -0.38 -0.38 6.00 236.24 -0.64 -0.65 5.00 196.97
Essex Cty -0.40 5.98 235.52 -0.75 4.90 192.71
Mdsx Low -0.40 5.98 235.52 -0.65 5.00 196.64
Mdsx High -0.40 5.98 235.52 -0.65 5.00 196.64
Mdsx Avg -0.40 -0.40 5.98 235.52 -0.65 -0.66 5.00 196.64
Hensall -0.40 5.98 235.52 -0.65 5.00 196.64
Bruce -0.40 5.98 235.52 -0.65 5.00 196.64
Putnam -0.40 5.98 235.52 -0.65 5.00 196.64
Burford -0.40 5.98 235.52 -0.65 5.00 196.64
Port Perry -0.40 5.98 235.52 -0.65 5.00 196.64
Norfolk -0.39 5.99 235.91 -0.65 5.00 196.64
Palmerston -0.40 5.98 235.52 -0.65 5.00 196.64
Varna -0.40 5.98 235.52 -0.65 5.00 196.64
Trenton -0.10 6.28 247.33 -0.60 5.05 198.61
Winchester -0.05 6.33 249.30 -0.50 5.15 202.55
North Gower -0.09 6.29 247.72 -0.44 5.21 204.91
Huron FOB -0.25 6.13 241.43 -0.60 5.05 198.61
Kent FOB -0.39 5.99 235.91 -0.65 5.00 196.64
Lamb FOB -0.39 5.99 235.91 -0.65 5.00 196.64
Mdsx FOB -0.35 -0.35 -0.25 -0.25 6.03 237.49 -0.65 5.00 196.64
FOB SW Que 0.15 6.53 257.17 -0.35 5.30 208.45
Track 0.03 6.41 252.25N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A -0.65 5.00 196.64
Jhnstwn-Eth 0.20 0.25 0.35 0.25 6.58 259.14 -0.55 5.10 200.58
Aylmer-Eth N/A -0.25 -0.20 -0.20 -0.50 5.15 202.55
Sarn-Eth -0.10 -0.10 0.00 0.05 6.28 247.33N/A
Cllngwd-Eth N/A N/A N/A N/A -0.30* 5.35 210.42
London-Cas N/A N/A 0.10 0.10 -0.40 5.25 206.49
Pt.Colb-Cas N/A N/A N/A 0.20 -0.35 5.30 208.45
Cardnl-Cas 0.20 0.35 0.40 0.20 6.58 259.14 -0.35 5.30 208.45
W O Feed 0.13 0.13 6.51 256.39
US Rep 0.60 0.60 6.98 274.89
Toledo El. 0.10 6.48 255.20 -0.38 5.26 207.24
TRANSFER
Sarnia N/A N/A
Pt. Stanley N/A N/A
Hamilton -0.15 6.23245 1/3 -0.40 5.25206 1/2
MID SD CRN -0.35 6.03 1/4
HI SD CRN -0.30 6.08 1/4
*Wet Bid
Bank of Canada Noon exchange rate was 1 up 0.0045
Chicago soybeans closed slightly higher.
MAR12 HI 12.72 1/4 NOV12 HI 12.64
LOW 12.61 1/2 LOW 12.52 1/2
CLOSE12.72 1/4 Up 1 1/4 CLOSE 12.64 Up 1 3/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +MAR1+MAR1+MAY12
CK Low -0.55 12.17 447.26-0.76 11.88 436.52
CK High -0.48 12.24 449.83-0.70 11.94 438.72
CK Average -0.51 -0.5112.22 448.92-0.74-0.7711.90 437.25
Essex Cty -0.41 12.31 452.41-0.53 12.11 444.97
Mdsx Low -0.54 12.18 447.63-0.73 11.91 437.62
Mdsx High -0.50 12.22 449.10-0.70 11.94 438.72
Mdsx Average -0.52 -0.5212.20 448.37-0.72-0.7411.93 438.17
Hensall -0.50 12.22 449.10-0.73 11.92 437.80
Bruce -0.50 12.22 449.10-0.75 11.89 436.88
Putnam -0.50 12.22 449.10-0.70 11.94 438.72
Burford -0.47 12.25 450.20-0.66 11.98 440.19
Port Perry -0.57 12.15 446.53-0.76 11.88 436.52
Norfolk -0.44 12.28 451.30-0.68 11.96 439.45
Palmerston -0.55 12.17 447.26-0.80 11.84 435.05
Varna -0.55 12.17 447.26-0.85 11.79 433.21
Trenton -0.75 11.97 439.91-0.80 11.84 435.05
Winchester -0.88 11.84 435.14-0.74 11.90 437.25
North Gower -0.90 11.82 434.40-0.79 11.85 435.41
Huron FOB -0.35 12.37 454.61-0.65 11.99 440.56
Kent FOB -0.48 12.24 449.83-0.73 11.91 437.62
Lambton FOB -0.48 12.24 449.83-0.73 11.91 437.62
Middlesex FOB-0.51-0.46-0.51 N/A 12.21 448.73-0.55 12.09 444.23
PROCESSORS
Hamilton -0.20-0.20-0.20-0.20 12.52 460.12-0.10 12.54 460.77
Windsor -0.19-0.19-0.24-0.23 12.53 460.49-0.30 12.34 453.42
Winchester -0.85 11.87 436.24-0.07 12.57 461.87
TRANSFER
Hamilton -0.10 N/A N/A N/A 12.62 463.80-0.10 12.54 460.77
Pt. Stanley N/A N/A
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC -0.10 12.62 463.800.10 12.74 468.11
Toledo El. -0.13 12.59 462.70-0.38 12.26 450.45
Bank of Canada Noon exchange rate was 1 up 0.0045
Chicago wheat closed slightly to moderately higher.
MAR12 HI 6.45 3/4 JUL12 HI 6.62
LOW 6.28 1/2 LOW 6.47 1/2
CLOSE 6.44 1/2 Up 11 1/2 CLOSE 6.60 Up 8 1/2
Minni wheat closed slightly higher.
MAR12 HI 8.21 SEP12 HI 7.93 1/4
LOW 8.11 1/2 LOW 7.78
CLOSE 8.18 1/4 Up 1 1/2 CLOSE 7.92 1/4 Up 7
GFO Cash Wheat Prices - DEL Terminal
Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.10 0.75 0.10 -0.45
CAD $/bu 6.35 7.20 6.55 7.73
CAD $/tonne 233.14 264.37 240.49 284.12
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 0.44 -0.12 N/A N/A 0.40 -0.42 N/A
London -0.10 0.45 -0.15 N/A 0.00 0.40 -0.40 N/A
Hensall -0.10 N/A -0.15 N/A 0.00 N/A -0.40 N/A
Trenton N/A N/A N/A N/A N/A N/A -0.25 N/A
Winchester N/A N/A N/A N/A N/A N/A N/A -0.80
Essex N/A N/A -0.25 N/A N/A N/A -0.43 N/A
Norwich -0.10 N/A -0.15 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 -0.10 N/A -0.15 N/A 0.00 N/A -0.40 N/A
Chatham N/A N/A N/A N/A N/A 0.37 -0.38 N/A
Brigden N/A N/A N/A N/A N/A 0.37 -0.38 N/A
Palmerston N/A 0.69 -0.09 -0.47 N/A 0.51 -0.29 -0.73
Varna -0.15 0.50 -0.15 N/A 0.00 0.55 -0.35 N/A
Mitchell -0.10 0.50 -0.15 N/A 0.00 0.55 -0.40 N/A
Thornton N/A N/A N/A -0.56 N/A N/A N/A N/A
North Gower N/A N/A N/A N/A N/A N/A N/A -0.75
TERMINAL
Sarnia N/A N/A N/A N/A N/A N/A N/A N/A
Hamilton N/A N/A 0.30 N/A N/A N/A -0.37 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 0.40N/A N/A 1.02 0.42N/A
Toledo El. 6.62US 6.62CA 6.62US 6.64CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 0.07 0.82 -0.14 -0.03
CAD $/bu 6.67 7.42 6.46 7.89
CAD $/tonne 244.91 272.53 237.54 289.93
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 300.00 - 312.00
Bayport Oats 315.00
Bayport Barley 295.00
FOB Hm Soymeal 382.29
DDG's FOB Srn, Wndr, Aylm 165.00 - 190.00
Wednesday February 22, 2012
Commodity Period Price Weekly Movement - Wednesday to Friday
Corn CBOT Mar 6.3825 ↓ 0.25 cents
Soybeans CBOT Jan 12.7225 ↑ 5.75 cents
Wheat CBOT Mar 6.4450 ↑ 6.00 cents
Wheat Minn. Mar 8.1825 ↓ 3.00 cents
Wheat Kansas Mar 6.4450 ↓ 40.25 cents
Canadian $ Mar 1.0000 ↓ 12.00 points
As Greek technocrats’ workout the flurry of measures demanded by euro zone in
exchange for a 130 billion euro rescue, the remaining parts of euro area's
financial firewalls around Greece are anticipating the 500 billion euro onetime
transfer due to come into force in July, a move so far opposed by Germany.
Private holders of Greek debt of over 200 billion euros will take a loss of
53.5% to ease Athens debt burden. The TSX was little changed Wednesday after
hitting a five month high the previous session as weak global data suggests an
economic slowdown in the EU and China. All this found the loonie retracting to
parity over its US counterpart.
CORN
Corn fell in Chicago on speculation that the USDA will increase its acreage and
production forecasts ahead of the Outlook Forum conference. The conference which
will take part later this week will likely weigh on the market. However weakness
should be limited by the reduced crops in South America that have been bullish
for North American export prospects.
SOYBEANS
Soybean fell in Chicago as the market is being pressured ahead of the USDA
Outlook Forum later this week. Recent developments in South America enhanced
export demand and may encourage increased soybean acreage this spring.
WHEAT
Wheat fell in Chicago from a stronger dollar index and a spillover pressure
from lower corn trade. Traders are being cautious ahead of the USDA’s Outlook
Forum later this week. However, losses are being limited by recent improvement
in export demand.
Contract prices for February 22, 2012 at close, are as follows:
SWW at $233.61 per tonne ($6.36 /bu.), HRW at $264.90 per tonne ($7.21 /bu.),
HRS at $284.69 per tonne ($7.75 /bu.), and SRW at $240.97 per tonne ($6.56
/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: grain.pdf
Type: application/pdf
Size: 269076 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20120222/6df8e096/attachment-0002.pdf>
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: corn.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20120222/6df8e096/attachment-0002.txt>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: Wheatcom.docx
Type: application/vnd.openxmlformats-officedocument.wordprocessingml.document
Size: 317719 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20120222/6df8e096/attachment-0001.bin>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: Wheatcom.pdf
Type: application/pdf
Size: 319486 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20120222/6df8e096/attachment-0003.pdf>
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: Wheatcom.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20120222/6df8e096/attachment-0003.txt>
More information about the Farmmarketnews
mailing list