[Farmmarketnews] Wednesday Ontario Commodity Report
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Jul 18 16:08:54 EDT 2012
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, July 17
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1.0141 down 0.0016
Chicago corn closed mixed.
SEP12 HI 7.96 1/2 DEC12 HI 7.89
LOW 7.67 LOW 7.62 1/4
CLOSE7.79 1/2 Up 2 3/4 CLOSE 7.71 1/4 Down 1
1/4
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +SEP12+SEP12+DEC12
CK Low -0.20 7.60 299.00 -0.90 6.81 268.20
CK High -0.15 7.65 300.97 -0.80 6.91 272.13
CK Avg -0.17 -0.28 7.62 300.12 -0.82 -0.94 6.90 271.48
Essex Cty -0.20 7.60 299.00 -0.90 6.81 268.20
Mdsx Low -0.20 7.60 299.00 -0.85 6.86 270.16
Mdsx High -0.15 7.65 300.97 -0.80 6.91 272.13
Mdsx Avg -0.18 -0.29 7.62 299.99 -0.83 -0.95 6.89 271.15
Hensall -0.15 7.65 300.97 -0.90 6.81 268.20
Bruce -0.15 7.65 300.97 -0.85 6.86 270.16
Putnam -0.15 7.65 300.97 -0.85 6.86 270.16
Burford -0.20 7.60 299.00 -0.80 6.91 272.13
Port Perry 0.00 7.80 306.88 -0.85 6.86 270.16
Norfolk -0.18 7.62 299.79 -0.80 6.91 272.13
Palmerston -0.15 7.65 300.97 -1.00 6.71 264.26
Varna -0.15 7.65 300.97 -0.95 6.76 266.23
Trenton 0.00 7.80 306.88 -0.90 6.81 268.20
Winchester 0.25 8.05 316.72 -0.70 7.01 276.07
North Gower 0.10 7.90 310.81 -1.02 6.69 263.47
Huron FOB -0.10 7.70 302.94 -0.95 6.76 266.23
Kent FOB -0.18 7.62 299.79 -0.80 6.91 272.13
Lamb FOB -0.18 7.62 299.79 -0.80 6.91 272.13
Mdsx FOB N/A 0.00N/A N/A -0.80 6.91 272.13
FOB SW Que 0.25 8.05 316.72 -0.60 7.11 280.01
Track 0.30 8.10 318.69N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A -0.95 6.76 266.23
Jhnstwn-Eth N/A N/A N/A N/A -0.75 6.96 274.10
Aylmer-Eth -0.10 -0.10 -0.05 -0.60 7.70 302.94 -1.00 6.71 264.26
Sarn-Eth N/A N/A 0.00 -0.55 -0.55 7.16 281.98
Cllngwd-Eth N/A N/A N/A N/A N/A*
London-Cas N/A N/A 0.35 -0.75 -0.65 7.06 278.04
Pt.Colb-Cas 0.60 0.65 0.70 -0.70 8.40 330.50 -0.60 7.11 280.01
Cardnl-Cas N/A N/A 0.70 -0.70 -0.60 7.11 280.01
W O Feed 0.33 0.32 8.13 319.87
US Rep 0.95 0.94 8.75 344.28
Toledo El. 0.32 8.12 319.66 -0.13 7.58 298.43
TRANSFER
Sarnia N/A N/A
Pt. Stanley N/A N/A
Hamilton 0.32 8.12319 1/2 -0.63 7.08278 5/6
MID SD CRN -0.85 6.86 1/4
HI SD CRN -0.80 6.91 1/4
*Wet Bid
Bank of Canada Noon exchange rate was 1.0141 down 0.0016
Chicago soybeans closed mixed.
AUG12 HI 16.47 3/4 NOV12 HI 16.07
LOW 16.16 3/4 LOW 15.75 1/4
CLOSE16.39 Up 5 1/4 CLOSE 15.90 1/2 Unchanged
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +AUG1+NOV1+NOV12
CK Low -0.52 15.87 583.12-0.56 15.35 563.83
CK High -0.27 16.12 592.31-0.45 15.46 567.87
CK Average -0.35 -0.5916.04 589.43-0.53-0.7815.38 565.12
Essex Cty -0.15 16.24 596.72-0.42 15.49 568.98
Mdsx Low -0.46 15.93 585.33-0.57 15.34 563.46
Mdsx High -0.30 16.09 591.21-0.55 15.36 564.20
Mdsx Average -0.38 -0.6216.01 588.27-0.56-0.8215.35 563.83
Hensall -0.33 16.07 590.29-0.58 15.33 563.28
Bruce -0.30 16.09 591.21-0.55 15.36 564.20
Putnam -0.30 16.09 591.21-0.55 15.36 564.20
Burford -0.46 15.93 585.33-0.57 15.34 563.46
Port Perry -0.49 15.90 584.22-0.60 15.31 562.36
Norfolk -0.23 16.16 593.78-0.49 15.42 566.40
Palmerston -0.40 15.99 587.53-0.65 15.26 560.53
Varna -0.40 15.99 587.53-0.60 15.31 562.36
Trenton -0.55 15.84 582.02-0.57 15.34 563.46
Winchester -0.60 15.79 580.18-0.47 15.44 567.14
North Gower -0.25 16.14 593.04-0.38 15.53 570.45
Huron FOB -0.30 16.09 591.21-0.50 15.41 566.04
Kent FOB -0.27 16.12 592.31-0.54 15.37 564.57
Lambton FOB -0.27 16.12 592.31-0.54 15.37 564.57
Middlesex FOB-0.35-0.35 N/A N/A 16.04 589.37-0.31 15.60 573.02
PROCESSORS
Hamilton 0.25 0.55 0.40 0.05 16.64 611.420.05 15.96 586.25
Windsor 0.08 -0.02 N/A N/A 16.47 605.17-0.19 15.72 577.43
Winchester -0.50 15.89 583.86-0.37 15.54 570.81
TRANSFER
Hamilton 0.15 N/A N/A N/A 16.54 607.740.05 15.96 586.25
Pt. Stanley N/A N/A
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC -0.10 16.29 598.560.10 16.01 588.08
Toledo El. 0.02 16.41 602.97-0.28 15.62 573.95
Bank of Canada Noon exchange rate was 1.0141 down 0.0016
Chicago wheat closed narrowly mixed.
SEP12 HI 8.98 1/2 JUL13 HI 8.47
LOW 8.66 LOW 8.24
CLOSE 8.85 Up 1/2 CLOSE 8.40 1/2 Down 1/2
Minni wheat closed slightly to moderately higher.
SEP12 HI 10.04 1/2 SEP13 HI 8.99
LOW 9.77 LOW 8.90
CLOSE 9.87 Up 4 CLOSE 8.99 Up 15
GFO Cash Wheat Prices - DEL Terminal
Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 0.03 0.28 -0.43 -0.67
CAD $/bu 8.88 9.13 8.42 9.20
CAD $/tonne 326.17 335.49 309.40 338.10
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 0.00 -0.60 N/A N/A -0.05 -0.65 N/A
London -0.16 0.09 -0.92 N/A -0.27 -0.06 -0.83 N/A
Hensall -0.35 N/A -0.60 N/A -0.25 N/A -0.65 N/A
Trenton N/A N/A -0.85 N/A N/A N/A -1.05 N/A
Winchester N/A N/A N/A -0.69 N/A N/A N/A N/A
Essex N/A N/A -0.79 N/A N/A N/A -0.89 N/A
Norwich -0.25 N/A -0.60 N/A -0.25 N/A -0.65 N/A
Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A
Kent Bridge -0.25 N/A -0.65 N/A -0.25 N/A -0.75 N/A
Chatham N/A 0.05 -0.64 N/A N/A 0.05 -0.75 N/A
Brigden N/A 0.05 -0.64 N/A N/A 0.05 -0.75 N/A
Palmerston N/A 0.13 -0.68 -0.61 N/A -0.07 -0.89 -0.83
Varna 0.00 0.05 -0.65 N/A N/A 0.00 -0.80 N/A
Mitchell -0.40 0.15 -0.60 N/A -0.25 0.00 -0.65 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 -0.84 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 -0.70 N/A N/A N/A -0.50 N/A
Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A
PROCESSORS
Toledo FM 0.48 1.14 0.23N/A N/A N/A 0.24N/A
Toledo El. 8.92US 9.05CA 8.38US 8.51CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.17 0.24 -0.52 -0.72
CAD $/bu 8.24 8.64 7.88 8.27
CAD $/tonne 302.65 317.59 289.58 303.96
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 350.00 - 360.00
Bayport Oats 340.00
Bayport Barley 340.00
FOB Hm Soymeal 610.69 - 612.90
DDG's FOB Srn, Wndr, Aylm 245.00 - 265.00
Wednesday July 18. 2012
Commodity Period Price Weekly Movement - Thursday to Friday
Corn CBOT Sep 7.9000 ↑ 45.00 cents
Soybeans CBOT Aug 16.8350 ↑ 86.00 cents
Wheat CBOT Sep 8.9725 ↑ 36.75 cents
Wheat Minn. Sep 9.9500 ↑ 41.00 cents
Wheat Kansas Sep 9.0600 ↑ 59.00 cents
Canadian $ Sep 0.9803 ↓ 44.00 points
The IMF in its latest World Economic Outlook report indicated that it cut its
2013 global growth forecast as EU’s debt crisis extends Spain’s recovery
rate and slows growth in emerging markets like China and India. Global growth is
pegged at 3.9% next year, less than the 4.1% estimate in April. US retail sales
fell for a third month in June as limited employment growth put pressure on
consumer consumption. The 0.5% drop followed a 0.2% decrease in May according to
the Commerce Department in Washington. Meanwhile, the TSX enjoyed gains fueled
by energy and financial shares, boosted mainly by higher oil prices but worries
about the US and EU economies limited gains.
CORN
Corn rose in Chicago after early losses to extend its biggest rally since 2008,
climbing by mere 50% during this summer sprint triggering the worst drought in
56 years. Ontario farmers are taking stock of their dried crops after scattered
rainfall over the past few days, but more rain is needed to avoid a
come-to-grief crop.
SOYBEANS
Soybeans rose in Chicago fueled by persistent dry hot weather conditions.
Soybean rally amounts to nearly 30% this summer. Cash prices have also moved
higher with the spot August contract due to tight supplies. Iran recently lifted
its embargo on imports of grains and oilseeds and is estimated to import about
180,000 metric tons in the June-August period according to Oil World.
WHEAT
Wheat rose in Chicago erasing its earlier losses and headed in sync with corn
and soybeans. Since last week, wheat has gained over 13% and continues to climb.
Concerns about damage to the crop in key growing areas of the Black Sea region
also contributed to the strength in futures market. The dry weather conditions
are affecting countries like Kazakhstan and Russia as well as France through
rain delays.
Contract prices for July 18th 2012 at 4pm, are as follows:
SWW at $300.85 per tonne ($8.19/bu.), HRW at $315.76 per tonne ($8.59 /bu.),
HRS at $303.65 per tonne ($8.26/bu.), and SRW at $287.81 per tonne
($7.83/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
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