[Farmmarketnews] Wednesday Ontario Commodity Report & Ahmed Chilmeran Grain Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Jun 27 16:42:18 EDT 2012
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, June 27
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1.0257 down 0.0008
Chicago corn closed moderately higher.
SEP12 HI 6.49 1/4 DEC12 HI 6.49 1/2
LOW 6.12 LOW 6.30 1/4
CLOSE6.27 1/2 Up 8 CLOSE 6.33 Up 9
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +SEP12+SEP12+DEC12
CK Low 0.17 6.45 253.73 -0.85 5.48 215.74
CK High 0.30 6.58 258.85 -0.80 5.53 217.71
CK Avg 0.26 0.08 6.53 257.14 -0.83 -1.02 5.50 216.39
Essex Cty 0.15 6.43 252.94 -0.80 5.53 217.71
Mdsx Low 0.17 6.45 253.73 -0.85 5.48 215.74
Mdsx High 0.30 6.58 258.85 -0.85 5.48 215.74
Mdsx Avg 0.24 0.06 6.51 256.29 -0.85 -1.03 5.48 215.74
Hensall 0.19 6.46 254.32 -0.85 5.48 215.74
Bruce 0.17 6.45 253.73 -0.85 5.48 215.74
Putnam 0.17 6.45 253.73 -0.85 5.48 215.74
Burford 0.30 6.58 258.85 -0.85 5.48 215.74
Port Perry 0.30 6.58 258.85 -0.85 5.48 215.74
Norfolk 0.30 6.58 258.85 -0.85 5.48 215.74
Palmerston 0.30 6.58 258.85 -0.75 5.58 219.67
Varna 0.30 6.58 258.85 -0.75 5.58 219.67
Trenton 0.40 6.68 262.78 -0.70 5.63 221.64
Winchester 0.60 6.88 270.66 -0.55 5.78 227.55
North Gower 0.30 6.58 258.85 -0.50 5.83 229.52
Huron FOB 0.20 6.48 254.91 -0.85 5.48 215.74
Kent FOB 0.30 6.58 258.85 -0.85 5.48 215.74
Lamb FOB 0.30 6.58 258.85 -0.85 5.48 215.74
Mdsx FOB 0.30N/A N/A N/A 6.58 258.85 -0.85 5.48 215.74
FOB SW Que 0.25 6.53 256.88 -0.35 5.98 235.42
Track 0.41 6.69 263.18N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A N/A
Jhnstwn-Eth N/A N/A N/A N/A -0.35 5.98 235.42
Aylmer-Eth -0.03 0.30 0.35 0.35 6.25 245.85 -0.60 5.73 225.58
Sarn-Eth N/A N/A N/A 0.55 N/A
Cllngwd-Eth N/A N/A N/A N/A N/A*
London-Cas N/A N/A 0.80 0.95 -0.40 5.93 233.45
Pt.Colb-Cas N/A 0.85 0.90 0.10 -0.35 5.98 235.42
Cardnl-Cas N/A N/A 1.05 1.00 -0.35 5.98 235.42
W O Feed 0.28 0.25 6.56 258.06
US Rep 0.70 0.67 6.98 274.59
Toledo El. 0.53 6.81 268.07 -0.34 5.99 235.83
TRANSFER
Sarnia N/A N/A
Pt. Stanley N/A N/A
Hamilton 0.50 6.78266 5/7 -0.50 5.83229 1/2
MID SD CRN -0.82 1/2 5.50 1/2
HI SD CRN -0.80 5.53
*Wet Bid
Bank of Canada Noon exchange rate was 1.0257 down 0.0008
Chicago soybeans closed mixed.
JUL12 HI 14.97 1/2 NOV12 HI 14.36
LOW 14.67 LOW 14.10
CLOSE14.71 Up 1/2 CLOSE 14.12 Down 1 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +JUL1+AUG1+NOV12
CK Low -0.50 14.21 522.13-0.47 13.65 501.55
CK High -0.45 14.26 523.97-0.35 13.77 505.96
CK Average -0.48 -0.8814.24 523.05-0.42-0.8313.70 503.39
Essex Cty -0.13 14.58 535.72-0.15 13.97 513.31
Mdsx Low -0.45 14.26 523.97-0.41 13.71 503.76
Mdsx High -0.40 14.31 525.80-0.40 13.72 504.12
Mdsx Average -0.43 -0.8314.29 524.88-0.41-0.8213.72 503.94
Hensall -0.45 14.26 523.97-0.43 13.70 503.21
Bruce -0.45 14.26 523.97-0.40 13.72 504.12
Putnam -0.45 14.26 523.97-0.40 13.72 504.12
Burford -0.45 14.26 523.97-0.40 13.72 504.12
Port Perry -0.42 14.29 525.07-0.44 13.68 502.65
Norfolk -0.41 14.30 525.44-0.42 13.70 503.39
Palmerston -0.40 14.31 525.80-0.35 13.77 505.96
Varna -0.25 14.46 531.31-0.35 13.77 505.96
Trenton -0.55 14.16 520.29-0.35 13.77 505.96
Winchester -0.55 14.16 520.29-0.37 13.75 505.23
North Gower -0.29 14.42 529.84-0.03 14.09 517.72
Huron FOB -0.35 14.36 527.64-0.30 13.82 507.80
Kent FOB -0.45 14.26 523.97-0.47 13.65 501.55
Lambton FOB -0.45 14.26 523.97-0.47 13.65 501.55
Middlesex FOB-0.51-0.140.07 N/A 14.20 521.76-0.18 13.94 512.21
PROCESSORS
Hamilton 0.15 0.15 0.50 0.65 14.86 546.010.25 14.37 528.01
Windsor 0.10 0.10 0.15 N/A 14.81 544.170.08 14.20 521.76
Winchester -0.47 14.24 523.23-0.27 13.85 508.90
TRANSFER
Hamilton 0.15 N/A N/A N/A 14.86 546.010.20 14.32 526.17
Pt. Stanley N/A N/A
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC 0.05 14.76 542.340.45 14.57 535.36
Toledo El. -0.15 14.56 534.84-0.29 13.83 508.23
Bank of Canada Noon exchange rate was 1.0257 down 0.0008
Chicago wheat closed slightly higher.
SEP12 HI 7.63 1/2 JUL13 HI 7.96 1/4
LOW 7.39 1/2 LOW 7.75
CLOSE 7.51 1/4 Up 4 1/4 CLOSE 7.93 Up 9 1/4
Minni wheat closed slightly higher.
SEP12 HI 6.22 3/4 SEP13 HI 8.25 3/4
LOW 8.21 1/4 LOW 8.25 1/2
CLOSE 8.35 1/4 Up 8 3/4 CLOSE 8.25 3/4 Up 1/4
GFO Cash Wheat Prices - DEL Terminal
Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 0.26 0.67 -0.15 -0.49
CAD $/bu 7.77 8.18 7.36 7.86
CAD $/tonne 285.50 300.60 270.40 288.89
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 -0.05 -0.55 N/A N/A 0.05 -0.70 N/A
London 0.32 0.32 -0.35 N/A -0.17 0.08 -0.75 N/A
Hensall 0.00 N/A -0.55 N/A -0.05 N/A -0.60 N/A
Trenton N/A N/A -0.75 N/A N/A N/A -0.90 N/A
Winchester N/A N/A N/A -0.38 N/A N/A N/A N/A
Essex N/A N/A -0.55 N/A N/A N/A -0.65 N/A
Norwich 0.00 N/A -0.55 N/A -0.05 N/A -0.60 N/A
Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A
Kent Bridge 0.00 N/A -0.55 N/A -0.05 N/A -0.70 N/A
Chatham N/A 0.14 -0.55 N/A N/A 0.04 -0.75 N/A
Brigden N/A 0.14 -0.55 N/A N/A 0.04 -0.75 N/A
Palmerston N/A 0.47 -0.34 -0.34 N/A 0.28 -0.54 -0.53
Varna 0.40 0.45 -0.35 N/A N/A 0.30 -0.55 N/A
Mitchell 0.00 0.40 -0.30 N/A -0.05 0.25 -0.60 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 -0.14 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 -0.05 N/A N/A N/A -0.40 N/A
Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A
PROCESSORS
Toledo FM 0.77 1.23 0.51N/A N/A N/A N/A N/A
Toledo El. 7.38US 7.59CA 7.95US 8.18CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 0.08 0.54 -0.23
CAD $/bu 8.01 8.47 7.70
CAD $/tonne 294.19 311.21 282.85
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 330.00 - 335.00
Bayport Oats 320.00
Bayport Barley 325.00
FOB Hm Soymeal 521.40
DDG's FOB Srn, Wndr, Aylm 215.00 - 225.00
Wednesday June 27. 2012
Commodity
Period
Price
Weekly Movement - Wednesday to Friday
Corn CBOT
Sep
6.2750
↑
31.50
cents
Soybeans CBOT
Aug
14.5600
↓
2.00
cents
Wheat CBOT
Sep
7.5125
↑
68.75
cents
Wheat Minn.
Sep
8.3525
↑
44.75
cents
Wheat Kansas
Sep
7.6000
↑
61.25
cents
Canadian $
Sep
0.9735
↑
12.00
points
Energy stocks rose tracking US crude prices and fertilizer shares also rose
over concerns of new-crop weather damage in the Corn Belt. The TSX was higher on
Wednesday following energy price dynamics in the US while investors position
themselves ahead of the EU summit on Thursday and Friday.The loonie fell back
Wednesday morning as its US counterpart got a boost from positive economic
data.Canada’s auto sector is looking to swing back from a $1.5 billion in
losses in 2009 to an expected profit of $1.5 billion this year according to the
Conference Board of Canada. This level of profitability hasn’t been seen since
a 62 cents exchange rate in 2002. The main driver for the spike has been
attributed to an unexpected increase in consumer confidence amid a weaker job
market, moderating prices for raw materials and a lower Canadian dollar exchange
since soaring over parity in 2007.
CORN
Corn rose in Chicago heading for the largest three day gain since late 2008.
Midwest crop fears persist despite some rain in forecast. Corn soared to a
nine-month high on Wednesday over concerns of severe drought and triple digit
temperatures in the crops most vulnerable phase of pollination.
SOYBEANS
Soybean rose in Chicago over concerns from weather damage initially indicated
by the USDA. The upcoming USDA report on Friday will likely see an update in
stock and productions numbers. Hot weather will move across the southern Midwest
through the weekend, taking a toll on crops according to various
meteorologists.
WHEAT
Wheat rose in Chicago amid weather concerns in the US Midwest. While drought is
not a new issue for producers, but a lack of rain and hot weather has raised
concerns for many farmers. The USDA crop progress report that recently came out
on June 17, showed 3% of the crop rated as excellent, 62% rated as good, 25%
rated in the fair category and 10% in the poor category and very poor category.
European wheat futures also rose amid nervous trade supported by weather-driven
concerns in the US.
Contract prices for June 27th 2012 at 4pm, are as follows:
SWW at $285.10 per tonne ($7.76/bu.), HRW at $300.18 per tonne ($8.17 /bu.),
HRS at $288.49 per tonne ($7.85 /bu.), and SRW at $270.02 per tonne ($7.35
/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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