[Farmmarketnews] Wednesday Ontario Commodity Report & Ahmed Chilmeran Grain Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Mar 7 15:35:16 EST 2012
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, March 7
(All Bases in CAD)
Bank of Canada Noon exchange rate was 0.9993 down 0.0022
Chicago corn closed slightly lower to lower.
MAY12 HI 6.56 DEC12 HI 5.65
LOW 6.37 1/2 LOW 5.53 1/2
CLOSE6.38 3/4 Down 15 1/4 CLOSE 5.58 Down 5 1/2
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +MAY12+JUL12+JUL12
CK Low -0.45 5.94 233.75 -0.70 4.88 192.12
CK High -0.39 6.00 236.11 -0.68 4.90 192.90
CK Avg -0.43 -0.44 5.96 234.47 -0.70 -0.70 4.88 192.25
Essex Cty -0.40 5.99 235.72 -0.70 4.88 192.12
Mdsx Low -0.45 5.94 233.75 -0.70 4.88 192.12
Mdsx High -0.45 5.94 233.75 -0.70 4.88 192.12
Mdsx Avg -0.45 -0.46 5.94 233.75 -0.70 -0.71 4.88 192.12
Hensall -0.45 5.94 233.75 -0.70 4.88 192.12
Bruce -0.45 5.94 233.75 -0.70 4.88 192.12
Putnam -0.45 5.94 233.75 -0.70 4.88 192.12
Burford -0.45 5.94 233.75 -0.70 4.88 192.12
Port Perry -0.45 5.94 233.75 -0.70 4.88 192.12
Norfolk -0.39 6.00 236.11 -0.68 4.90 192.90
Palmerston -0.45 5.94 233.75 -0.70 4.88 192.12
Varna -0.45 5.94 233.75 -0.70 4.88 192.12
Trenton -0.15 6.24 245.56 -0.70 4.88 192.12
Winchester N/A N/A
North Gower -0.20 6.19 243.59 -0.62 4.96 195.27
Huron FOB -0.40 5.99 235.72 -0.65 4.93 194.09
Kent FOB -0.39 6.00 236.11 -0.68 4.90 192.90
Lamb FOB -0.39 6.00 236.11 -0.68 4.90 192.90
Mdsx FOB -0.40 -0.35 -0.30 -0.30 5.99 235.72 -0.65 4.93 194.09
FOB SW Que 0.05 6.44 253.43 -0.30 5.28 207.86
Track -0.15 6.24 245.56N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A -0.65 4.93 194.09
Jhnstwn-Eth 0.20 0.25 0.30 0.35 6.59 259.34 -0.55 5.03 198.02
Aylmer-Eth -0.25 -0.20 -0.20 -0.15 6.14 241.62 -0.50 5.08 199.99
Sarn-Eth -0.10 -0.10 0.00 0.00 6.29 247.53N/A
Cllngwd-Eth N/A 0.10 0.10N/A -0.30* 5.28 207.86
London-Cas N/A -0.15 -0.05 -0.05 -0.45 5.13 201.96
Pt.Colb-Cas N/A N/A N/A 0.15 -0.40 5.18 203.93
Cardnl-Cas N/A N/A 0.20 0.20 -0.40 5.18 203.93
W O Feed 0.08 0.08 6.47 254.61
US Rep 0.80 0.80 7.19 282.96
Toledo El. 0.08 6.47 254.62 -0.38 5.20 204.70
TRANSFER
Sarnia N/A N/A
Pt. Stanley N/A N/A
Hamilton -0.10 6.29247 1/2 -0.40 5.18204
MID SD CRN -0.42 5.96 3/4
HI SD CRN -0.39 5.99 3/4
*Wet Bid
Bank of Canada Noon exchange rate was 0.9993 down 0.0022
Chicago soybeans closed slightly lower.
MAY12 HI 13.39 NOV12 HI 12.96
LOW 13.24 LOW 12.86 1/2
CLOSE13.26 3/4 Down 8 1/2 CLOSE 12.91 1/2 Down 1 3/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +MAY1+JUL1+JUL12
CK Low -0.60 12.67 465.45-0.73 12.19 447.72
CK High -0.53 12.74 468.02-0.63 12.29 451.40
CK Average -0.57 -0.5812.70 466.61-0.66-0.6712.26 450.29
Essex Cty -0.45 12.82 470.96-0.56 12.36 453.97
Mdsx Low -0.62 12.65 464.72-0.82 12.10 444.42
Mdsx High -0.55 12.72 467.29-0.60 12.32 452.50
Mdsx Average -0.59 -0.6012.68 466.00-0.71-0.7212.21 448.46
Hensall -0.55 12.72 467.29-0.63 12.29 451.58
Bruce -0.55 12.72 467.29-0.65 12.27 450.66
Putnam -0.55 12.72 467.29-0.60 12.32 452.50
Burford -0.59 12.68 465.82-0.65 12.27 450.66
Port Perry -0.65 12.62 463.61-0.71 12.21 448.46
Norfolk -0.55 12.72 467.29-0.65 12.27 450.66
Palmerston -0.55 12.72 467.29-0.65 12.27 450.66
Varna -0.60 12.67 465.45-0.70 12.22 448.82
Trenton -0.73 12.54 460.67-0.75 12.17 446.99
Winchester N/A N/A
North Gower -0.89 12.38 454.80-0.51 12.41 455.81
Huron FOB N/A N/A
Kent FOB -0.53 12.74 468.02-0.63 12.29 451.40
Lambton FOB -0.53 12.74 468.02-0.63 12.29 451.40
Middlesex FOB-0.56-0.50-0.46 N/A 12.71 466.92-0.68 12.24 449.56
PROCESSORS
Hamilton -0.15-0.05-0.05-0.05 13.12 481.99-0.10 12.82 470.87
Windsor -0.22-0.17-0.16 N/A 13.05 479.41-0.33 12.59 462.42
Winchester -0.65 12.62 463.61-0.60 12.32 452.50
TRANSFER
Hamilton -0.10 N/A N/A N/A 13.17 483.82-0.20 12.72 467.20
Pt. Stanley N/A N/A
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC -0.20 13.07 480.150.10 13.02 478.22
Toledo El. -0.20 13.07 480.14-0.38 12.53 460.57
Bank of Canada Noon exchange rate was 0.9993 down 0.0022
Chicago wheat closed moderately lower.
MAY12 HI 6.59 1/4 JUL12 HI 6.69 1/4
LOW 6.36 1/2 LOW 6.49
CLOSE 6.39 1/4 Down 18 1/2 CLOSE 6.50 1/2 Down 17 3/4
Minni wheat closed slightly to moderately lower.
MAY12 HI 8.20 1/4 SEP12 HI 7.92 1/2
LOW 8.05 3/4 LOW 7.83 1/4
CLOSE 8.08 3/4 Down 10 CLOSE 7.86 1/4 Down 3 1/2
GFO Cash Wheat Prices - DEL Terminal
Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.09 0.76 0.11 -0.49
CAD $/bu 6.30 7.15 6.50 7.60
CAD $/tonne 231.44 262.70 238.80 279.07
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 0.40 -0.30 N/A N/A 0.35 -0.40 N/A
London -0.15 0.45 -0.11 N/A 0.04 0.44 -0.37 N/A
Hensall -0.30 N/A -0.30 N/A 0.05 N/A -0.45 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 N/A
Essex N/A N/A -0.29 N/A N/A N/A -0.42 N/A
Norwich -0.30 N/A -0.30 N/A 0.05 N/A -0.45 N/A
Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A
Kent Bridge -0.30 N/A -0.30 N/A 0.05 N/A -0.45 N/A
Chatham N/A 0.40 -0.22 N/A N/A 0.37 -0.39 N/A
Brigden N/A 0.40 -0.22 N/A N/A 0.37 -0.39 N/A
Palmerston N/A 0.65 -0.15 -0.47 N/A 0.49 -0.31 -0.75
Varna -0.30 0.35 -0.30 N/A -0.10 0.50 -0.40 N/A
Mitchell -0.30 0.40 -0.30 N/A 0.05 0.45 -0.45 N/A
Thornton N/A N/A N/A -0.90 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 0.20 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 0.31N/A 0.56 1.01 0.41N/A
Toledo El. 6.43US 6.44CA 6.63US 6.63CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 0.11 0.76 -0.09 -0.29
CAD $/bu 6.61 7.26 6.41 7.57
CAD $/tonne 242.94 266.84 235.58 278.15
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 300.00 - 305.00
Bayport Oats 320.00
Bayport Barley 295.00
FOB Hm Soymeal 418.33 - 419.44
DDG's FOB Srn, Wndr, Aylm 180.00 - 202.00
Wednesday March 7, 2012
Commodity
Period
Price
Weekly Movement - Wednesday to Friday
Corn CBOT
May
6.3750
↓
12.25
cents
Soybeans CBOT
May
13.2675
↓
0.25
cents
Wheat CBOT
May
6.3925
↓
24.50
cents
Wheat Minn.
May
8.0975
↓
16.25
cents
Wheat Kansas
May
6.8375
↓
21.75
cents
Canadian $
June
0.9983
↓
108.00
points
The EU is scrambling to settle share and bond trades across borders. Settling
trades, the final step in any deal where ownership of a bond or share is
transferred to the buyer relies on a multi-trillion euro system to swap legal
title to a security in return for payment. The European Commission has published
the last in a series of regulations designed to tidy up the 920 trillion-euro
securities market. The Europe wide system should improve safety and efficiency
in the market.The TSX was slightly higher Wednesday after three days of losses
from worries about a slowing global economy and the possibility of a Greek
default. The loonie traded at either side of parity with its US counterpart as
policy makers prepare for a meeting tomorrow at the Bank of Canada. Economists
predict interest rates remaining at 1% for the 12th time.
CORN
Corn fell in Chicago from recent highs as traders adjust ahead of USDA report
on Friday.China's top corn province aims at expanding its corn acreage by paring
back on land for soy according to various sources. Heilongjiang produced 15% of
China's total corn output in 2011, equal to the total harvest in Argentina, the
world's second largest corn exporter.However China the second biggest corn
consumer, will import more corn when domestic prices exceed import costs
according to the president of China Grain Reserves Corp. Imports may rise to a
record 7 million metric tons in the 2012-2013 marketing year from 4 million tons
in 2011-2012
SOYBEANS
Soybean rose in Chicago earlier to a five month high on Wednesday, amid
speculation of demand from China will remain strong in the near term. Investors
are cautiously positioned ahead of Friday's closely-watched USDA world supply
and demand report. Futures have rallied almost 11% since the beginning of
February over distressed South American crops.
WHEAT
Wheat fell in Chicago in anticipation of Friday’s USDA report. European wheat
markets were slightly weaker and under cautious trade on Wednesday. Traders see
a slight drop in ending stocks for the US and the world for the supply and
demand update on Friday. Libya bought 65,000 tonnes of wheat from Russia in a
tender today
Contract prices for March 7th, 2012 at close, are as follows:
SWW at $231.83 per tonne ($6.31/bu.), HRW at $263.14 per tonne ($7.16 /bu.),HRS
at $279.80 per tonne ($7.62 /bu.), and SRW at $239.20 per tonne ($6.51 /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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