[Farmmarketnews] Wednesday Ontario Commodity Report and Ahmed Chilmeran Grain Commentary

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Wed Jan 25 15:34:40 EST 2012


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 25
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1.012 up 0.0023
Chicago corn closed slightly higher.
 
      MAR12   HI 6.37  3/4                    DEC12    HI 5.68
             LOW 6.25  1/2                            LOW 5.58  1/2
            CLOSE6.34  1/2  Up 4 1/4                CLOSE 5.63   Up  1/2
 
            OLD CROP BASIS                          NEW CROP BASIS
Location    Spot   1mt   2mt   3mt  Adj $/bu   $/mt Cntrct  Adj   $/bu   $/mt
ELEVATORS        +MAR12+MAY12+MAY12
CK Low      -0.35                        6.00 236.01 -0.60         5.03 198.02
CK High     -0.28                        6.07 238.77 -0.55         5.08 199.99
CK Avg      -0.31                  -0.35 6.04 237.78 -0.59 -0.64   5.04 198.48
Essex Cty   -0.35                        6.00 236.01 -0.65         4.98 196.05
Mdsx Low    -0.30                        6.05 237.98 -0.60         5.03 198.02
Mdsx High   -0.30                        6.05 237.98 -0.60         5.03 198.02
Mdsx Avg    -0.30                  -0.34 6.05 237.98 -0.60 -0.65   5.03 198.02
Hensall     -0.30                        6.05 237.98 -0.58         5.06 199.01
Bruce       -0.30                        6.05 237.98 -0.60         5.03 198.02
Putnam      -0.30                        6.05 237.98 -0.60         5.03 198.02
Burford     -0.30                        6.05 237.98 -0.60         5.03 198.02
Port Perry  -0.30                        6.05 237.98 -0.60         5.03 198.02
Norfolk     -0.28                        6.07 238.77 -0.58         5.05 198.81
Palmerston  -0.30                        6.05 237.98 -0.60         5.03 198.02
Varna       -0.30                        6.05 237.98 -0.55         5.08 199.99
Trenton     -0.05                        6.30 247.82 -0.45         5.18 203.93
Winchester  -0.05                        6.30 247.82 -0.45         5.18 203.93
North Gower  0.00                        6.35 249.79 -0.40         5.23 205.90
Huron FOB   -0.20                        6.15 241.92 -0.50         5.13 201.96
Kent FOB    -0.28                        6.07 238.77 -0.58         5.05 198.81
Lamb FOB    -0.28                        6.07 238.77 -0.58         5.05 198.81
Mdsx FOB    -0.30 -0.25N/A   N/A         6.05 237.98 -0.60         5.03 198.02
FOB SW Que   0.15                        6.50 255.70 -0.25         5.38 211.80
Track        0.13                        6.47 254.71N/A
PROCESSORS
Chat-Eth    N/A  N/A   N/A   N/A                     -0.55         5.08 199.99
Jhnstwn-Eth  0.20  0.20  0.20  0.25      6.55 257.67 -0.40         5.23 205.90
Aylmer-Eth  N/A   -0.10 -0.10  0.00                   N/A
Sarn-Eth     0.00  0.05  0.00  0.05      6.35 249.79N/A
Cllngwd-Eth  0.10N/A   N/A   N/A         6.45 253.73-0.30*         5.33 209.83
London-Cas   0.00  0.00  0.00  0.10      6.35 249.79 -0.35         5.28 207.86
Pt.Colb-Cas  0.25  0.30  0.35  0.40      6.60 259.63 -0.30         5.33 209.83
Cardnl-Cas   0.35  0.40  0.35  0.40      6.70 263.57 -0.30         5.33 209.83
W O Feed     0.19                   0.18 6.54 257.27
 
US Rep       0.70                   0.69 7.05 277.35
Toledo El.   0.03                        6.38 250.98 -0.43         5.20 204.56
 
TRANSFER
Sarnia      N/A                                     N/A
Pt. Stanley N/A                                     N/A
Hamilton    -0.11                        6.24245 1/2 -0.33         5.30208 2/3
 
MID SD CRN  -0.31   1/2                  6.031
HI SD CRN   -0.28                        6.06 1/2
*Wet Bid
 

Bank of Canada Noon exchange rate was 1.012 up 0.0023
Chicago soybeans closed mixed.
 
       MAR12   HI 12.26  1/4          NOV12    HI 12.21  3/4
              LOW 12.08  1/2                  LOW 12.08  3/4
             CLOSE12.13  1/2  Down 6 1/2    CLOSE 12.13  3/4  Up  3/4
 
             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt Adj.  $/bu  $/mt BasisAdj.  $/bu  $/mt
ELEVATORS         +MAR1+MAR1+MAY12
CK Low       -0.63                    11.51 422.74-0.85     11.29 414.74
CK High      -0.54                    11.60 426.04-0.75     11.39 418.42
CK Average   -0.60               -0.6811.54 424.02-0.79-0.9011.35 416.95
Essex Cty    -0.53                    11.61 426.41-0.73     11.41 419.15
Mdsx Low     -0.61                    11.53 423.47-0.81     11.33 416.21
Mdsx High    -0.55                    11.59 425.68-0.75     11.39 418.42
Mdsx Average -0.58               -0.6611.56 424.57-0.78-0.8911.36 417.32
Hensall      -0.58                    11.56 424.76-0.78     11.36 417.50
Bruce        -0.60                    11.54 423.84-0.80     11.34 416.58
Putnam       -0.55                    11.59 425.68-0.75     11.39 418.42
Burford      -0.64                    11.50 422.37-0.84     11.30 415.11
Port Perry   -0.64                    11.50 422.37-0.84     11.30 415.11
Norfolk      -0.49                    11.65 427.88-0.74     11.40 418.79
Palmerston   -0.65                    11.49 422.00-0.85     11.29 414.74
Varna        -0.65                    11.49 422.00-0.85     11.29 414.74
Trenton      -0.70                    11.44 420.16-0.85     11.29 414.74
Winchester   -0.80                    11.34 416.49-0.82     11.32 415.85
North Gower  -0.75                    11.39 418.33-0.77     11.37 417.68
Huron FOB    -0.45                    11.69 429.35-0.70     11.44 420.26
Kent FOB     -0.54                    11.60 426.04-0.79     11.35 416.95
Lambton FOB  -0.54                    11.60 426.04-0.79     11.35 416.95
Middlesex FOB-0.48-0.45 N/A  N/A      11.66 428.25-0.68     11.46 420.99
 
PROCESSORS
Hamilton     -0.10-0.10-0.10-0.10     12.04 442.21-0.20     11.94 438.63
Windsor      -0.30-0.25-0.25-0.34     11.84 434.86-0.50     11.64 427.60
Winchester   -0.60                    11.54 423.84-0.55     11.59 425.77
 
TRANSFER
Hamilton     -0.15 N/A  N/A  N/A      11.99 440.37-0.25     11.89 436.79
Pt. Stanley   N/A                                  N/A
Sarnia        N/A                                  N/A
Owen Sound    N/A                                  N/A
Sorel QC     -0.20                    11.94 438.540.00      12.14 445.98
 
Toledo El.   -0.21                    11.92 438.12-0.59     11.55 424.47
 

Bank of Canada Noon exchange rate was 1.012 up 0.0023
Chicago wheat closed slightly higher.
MAR12      HI     6.49  3/4             JUL12   HI         6.77
           LOW    6.29  1/2                     LOW     6.59  1/2
           CLOSE  6.41  1/4  Up 7 3/4           CLOSE   6.71  1/4  Up 5
 
Minni wheat closed slightly higher.
MAR12      HI     8.21  3/4             SEP12   HI      7.78  1/4
           LOW        8.01                      LOW     7.61  1/4
           CLOSE  8.12  3/4  Up 9               CLOSE   7.70  3/4  Up 6 1/4
 
GFO Cash Wheat Prices - DEL Terminal
Current Crop 11   Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                -0.06          0.80            0.14         -0.40
CAD $/bu              6.36          7.21            6.56          7.73
CAD $/tonne         233.51        264.95          240.91        284.00
 

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    0.55   0.03    N/A    N/A     0.55   -0.20   N/A
London      -0.19   0.46   -0.04   N/A    N/A     0.52   -0.29   N/A
Hensall     -0.10   N/A    -0.05   N/A    0.05    N/A    -0.20   N/A
Trenton      N/A    N/A     N/A    N/A    N/A     N/A    -0.50   N/A
Winchester   N/A    N/A     N/A    N/A    N/A     N/A     N/A   -0.20
Essex        N/A    N/A    -0.11   N/A    N/A     N/A    -0.33   N/A
Norwich     -0.10   N/A    -0.05   N/A    0.05    N/A    -0.20   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    -0.05   N/A    0.05    N/A    -0.20   N/A
Chatham      N/A    N/A     N/A    N/A    N/A     0.58   -0.27   N/A
Brigden      N/A    N/A     N/A    N/A    N/A     0.58   -0.27   N/A
Palmerston   N/A    0.73   -0.05  -0.51   N/A     0.45   -0.26  -0.55
Varna       0.00    0.75   0.00    N/A    0.10    0.75   -0.25   N/A
Mitchell    -0.10   0.60   -0.05   N/A    0.05    0.65   -0.20   N/A
Thornton     N/A    N/A     N/A   -0.42   N/A     N/A     N/A    N/A
North Gower  N/A    N/A     N/A    N/A    N/A     N/A     N/A   -0.15
 
TERMINAL
Sarnia       N/A    N/A     N/A    N/A    N/A     N/A     N/A    N/A
Hamilton     N/A    N/A    0.15    N/A    N/A     N/A    0.00    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        0.45N/A        0.16    1.07   0.47N/A
 
Toledo El. 6.53US         6.58CA        6.73US          6.79CA
 
GFO Contract Wheat Prices - DEL Terminal
Harvest 12        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 0.06          0.87           -0.14          0.02
CAD $/bu              6.77          7.58            6.57          7.73
CAD $/tonne         248.91        278.57          241.49        283.95
 
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
 
FEED GRAINS
Bayport Wheat             290.00 - 297.00
Bayport Oats              299.00
Bayport Barley            285.00
FOB Hm Soymeal            373.80 - 376.00
DDG's FOB Srn, Wndr, Aylm 160.00 - 178.00



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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