[Farmmarketnews] Wednesday Ontario Commodity Report & Ahmed Chilmeran Grain Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed May 16 15:36:17 EDT 2012
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 16
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1.0102 up 0.0073
Chicago corn closed moderately higher to higher.
JUL12 HI 6.20 3/4 DEC12 HI 5.28
LOW 5.90 3/4 LOW 5.07 1/4
CLOSE6.20 Up 22 3/4 CLOSE 5.26 1/4 Up 11 3/4
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +JUL12+SEP12+SEP12
CK Low -0.35 5.85 230.30 -0.70 4.56 179.62
CK High -0.20 6.00 236.21 -0.65 4.61 181.59
CK Avg -0.23 -0.30 5.98 235.23 -0.66 -0.73 4.60 181.06
Essex Cty -0.25 5.95 234.24 -0.65 4.61 181.59
Mdsx Low -0.20 6.00 236.21 -0.70 4.56 179.62
Mdsx High -0.20 6.00 236.21 -0.65 4.61 181.59
Mdsx Avg -0.20 -0.28 6.00 236.21 -0.68 -0.74 4.59 180.60
Hensall -0.25 5.95 234.24 -0.63 4.64 182.57
Bruce -0.20 6.00 236.21 -0.65 4.61 181.59
Putnam -0.20 6.00 236.21 -0.65 4.61 181.59
Burford -0.20 6.00 236.21 -0.70 4.56 179.62
Port Perry -0.20 6.00 236.21 -0.70 4.56 179.62
Norfolk -0.20 6.00 236.21 -0.68 4.58 180.41
Palmerston -0.45 5.75 226.37 -0.75 4.51 177.65
Varna -0.40 5.80 228.34 -0.65 4.61 181.59
Trenton -0.20 6.00 236.21 -0.70 4.56 179.62
Winchester 0.00 6.20 244.08 -0.55 4.71 185.52
North Gower -0.20 6.00 236.21 -0.75 4.51 177.65
Huron FOB -0.25 5.95 234.24 -0.55 4.71 185.52
Kent FOB -0.20 6.00 236.21 -0.68 4.58 180.41
Lamb FOB -0.20 6.00 236.21 -0.68 4.58 180.41
Mdsx FOB -0.20 -0.15N/A N/A 6.00 236.21 -0.70 4.56 179.62
FOB SW Que -0.40 5.80 228.34 -0.25 5.01 197.33
Track 0.10 6.30 248.02N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A -0.60 4.66 183.55
Jhnstwn-Eth N/A N/A N/A N/A -0.40 4.86 191.43
Aylmer-Eth -0.40 -0.35 0.50 0.55 5.80 228.34 -0.60 4.66 183.55
Sarn-Eth N/A -0.15 0.65 0.70 N/A
Cllngwd-Eth -0.10N/A N/A N/A 6.10 240.15-0.30* 4.96 195.36
London-Cas N/A N/A 0.80 0.85 -0.50 4.76 187.49
Pt.Colb-Cas N/A N/A 0.85 0.90 -0.45 4.81 189.46
Cardnl-Cas N/A 0.25 1.10 1.15 -0.45 4.81 189.46
W O Feed 0.08 0.07 6.28 247.39
US Rep 0.70 0.69 6.90 271.64
Toledo El. 0.32 6.52 256.84 -0.33 4.93 194.02
TRANSFER
Sarnia N/A N/A
Pt. Stanley N/A N/A
Hamilton -0.23 5.97235 -0.36 4.90193
MID SD CRN -0.67 1/2 4.58 3/4
HI SD CRN -0.65 4.61 1/4
*Wet Bid
Bank of Canada Noon exchange rate was 1.0102 up 0.0073
Chicago soybeans closed mixed.
JUL12 HI 14.23 NOV12 HI 13.10
LOW 13.86 1/4 LOW 12.82 1/4
CLOSE14.22 Up 9 CLOSE 13.02 1/4 Down 2 3/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +JUL1+JUL1+NOV12
CK Low -0.70 13.52 496.77-0.65 12.37 454.61
CK High -0.54 13.68 502.65-0.60 12.42 456.45
CK Average -0.59 -0.7613.63 500.88-0.62-0.7712.41 455.90
Essex Cty -0.36 13.86 509.27-0.38 12.64 464.53
Mdsx Low -0.60 13.62 500.45-0.60 12.42 456.45
Mdsx High -0.55 13.67 502.29-0.60 12.42 456.45
Mdsx Average -0.58 -0.7513.65 501.37-0.60-0.7612.42 456.45
Hensall -0.58 13.64 501.09-0.58 12.45 457.37
Bruce -0.55 13.67 502.29-0.60 12.42 456.45
Putnam -0.60 13.62 500.45-0.60 12.42 456.45
Burford -0.60 13.62 500.45-0.60 12.42 456.45
Port Perry -0.63 13.59 499.35-0.63 12.39 455.35
Norfolk -0.50 13.72 504.12-0.60 12.42 456.45
Palmerston -0.65 13.57 498.61-0.65 12.37 454.61
Varna -0.75 13.47 494.94-0.70 12.32 452.77
Trenton -0.65 13.57 498.61-0.60 12.42 456.45
Winchester -0.70 13.52 496.77-0.45 12.57 461.96
North Gower -0.79 13.43 493.47-0.73 12.29 451.67
Huron FOB -0.50 13.72 504.12-0.45 12.57 461.96
Kent FOB -0.54 13.68 502.65-0.65 12.37 454.61
Lambton FOB -0.54 13.68 502.65-0.65 12.37 454.61
Middlesex FOB-0.46-0.41-0.36 N/A 13.76 505.59-0.39 12.63 464.16
PROCESSORS
Hamilton -0.10-0.050.05 0.30 14.12 518.82-0.10 12.92 474.82
Windsor -0.13-0.11-0.10 N/A 14.09 517.72-0.15 12.87 472.98
Winchester -0.50 13.72 504.12-0.40 12.62 463.80
TRANSFER
Hamilton -0.10 N/A N/A N/A 14.12 518.820.00 13.02 478.49
Pt. Stanley N/A N/A
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC 0.05 14.27 524.330.30 13.32 489.52
Toledo El. -0.24 13.98 513.57-0.28 12.74 468.08
Bank of Canada Noon exchange rate was 1.0102 up 0.0073
Chicago wheat closed higher.
JUL12 HI 6.39 3/4 JUL12 HI 6.39 3/4
LOW 6.04 LOW 6.04
CLOSE 6.38 3/4 Up 30 1/4 CLOSE 6.38 3/4 Up 30 1/4
Minni wheat closed slightly to moderately higher.
JUL12 HI 7.66 3/4 SEP12 HI 7.63 1/4
LOW 7.47 3/4 LOW 7.43 1/2
CLOSE 7.60 Up 9 1/2 CLOSE 7.55 1/2 Up 10 1/2
GFO Cash Wheat Prices - DEL Terminal
Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.12 0.63 -0.07 -0.31
CAD $/bu 6.26 7.02 6.31 7.29
CAD $/tonne 230.14 258.03 232.00 267.80
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 N/A N/A N/A N/A 0.25 -0.40 N/A
London -0.41 0.15 -0.41 N/A 0.06 0.23 -0.50 N/A
Hensall -0.50 N/A -0.50 N/A 0.10 N/A -0.40 N/A
Trenton N/A N/A N/A N/A N/A N/A -0.55 N/A
Winchester N/A N/A N/A N/A N/A N/A N/A -0.38
Essex N/A N/A -0.48 N/A N/A N/A -0.42 N/A
Norwich -0.50 N/A -0.50 N/A 0.10 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 -0.50 N/A -0.50 N/A 0.10 N/A -0.50 N/A
Chatham N/A N/A -0.45 N/A N/A 0.28 -0.45 N/A
Brigden N/A N/A -0.45 N/A N/A 0.28 -0.45 N/A
Palmerston N/A 0.31 -0.50 -0.30 N/A 0.35 -0.45 -0.65
Varna -0.10 0.45 -0.50 N/A 0.00 0.45 -0.50 N/A
Mitchell -0.50 0.05 -0.50 N/A 0.10 0.30 -0.40 N/A
Thornton N/A N/A N/A -0.60 N/A N/A N/A N/A
North Gower N/A N/A N/A N/A N/A N/A N/A -0.39
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 -0.05 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 0.18N/A 0.63 1.15 0.33N/A
Toledo El. 6.33US 6.41CA 6.41US 6.49CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 0.23 0.79 -0.02 -0.36
CAD $/bu 6.62 7.17 6.36 7.19
CAD $/tonne 243.15 263.61 233.86 264.26
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 325.00
Bayport Oats 315.00
Bayport Barley 320.00
FOB Hm Soymeal 485.03 - 490.54
DDG's FOB Srn, Wndr, Aylm 215.00 - 245.00
Wednesday May 16, 2012
Commodity
Period
Price
Weekly Movement - Wednesday to Friday
Corn CBOT
July
6.2000
↑
41.00
cents
Soybeans CBOT
July
14.2200
↑
0.00
cents
Wheat CBOT
July
6.3875
↑
42.25
cents
Wheat Minn.
July
7.6000
↑
27.50
cents
Wheat Kansas
July
6.5600
↑
45.25
cents
Canadian $
June
0.9874
↓
147.00
points
Failure of political parties in Greece to form a government following an
inconclusive election earlier has left investors in a state of panic with the
idea of Athens leaving the euro zone and a spillover to larger economies being a
realistic option. European banks have been on the worst end of the deal, with
Greek banks shedding up to 18% in the past three month.The weak state of the
banking sector in Greece is characterized with Greeks pulling euros out of the
banks in fear that their country might abandon the euro, even though EU
powerhouses Germany and France intend on keeping Athens inside the club.EU’s
STOXX volatility index, a crude measure of investor fear in Europe, has risen up
by more than 100% since mid-March when Spain issues about not being able to meet
its austerity targets surfaced. The TSX initially dipped on EU fears, but
recovered by midday Wednesday.The loonies rebounded from a 16 week low on
Wednesday following better than expected North American data.
CORN
Corn rose in Chicago for the third straight day following US sales to China,
the world’s biggest hog producer, signaling increased demand for feedstock.
China purchased 900,000 tonnes of US corn in the 8th largest one-day trade ever,
with most of the supplies ready for shipment in the next marketing year
according to the USDA.
SOYBEANS
Soybean was firm in Chicago with spot basis bids steady to higher at processors
and river terminals around the Midwest. Crop supplies tightened due to slow
farmer sales, according to various dealers. The China National Grain and Oils
Information Center projected a 7% drop in China's 2012 soy production after a
10.5% fall in 2011 as farmers shift to grow corn due to higher returns.
WHEAT
Wheat prices rose in Chicago to a two week high over concerns about dry
conditions for the developing US winter crop. The lack of rain hitting the
driest US areas is expected to continue in the near future and may have an
impact on yields. The cash market on the other hand was quiet for the most part
on Wednesday as farmers are focusing on planting and not booking wheat for sale.
Contract prices for May 16th, 2012 at close, are as follows:
SWW at $230.26 per tonne ($6.27/bu.), HRW at $258.17 per tonne ($7.03 /bu.),
HRS at $267.94 per tonne ($7.29 /bu.), and SRW at $232.12 per tonne ($6.32
/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: Wheatcom.pdf
Type: application/pdf
Size: 316549 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20120516/dc5e94a1/attachment-0002.pdf>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: Wheatcom.docx
Type: application/vnd.openxmlformats-officedocument.wordprocessingml.document
Size: 320086 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20120516/dc5e94a1/attachment-0001.bin>
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: Wheatcom.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20120516/dc5e94a1/attachment-0002.txt>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: grain.pdf
Type: application/pdf
Size: 270044 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20120516/dc5e94a1/attachment-0003.pdf>
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: corn.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20120516/dc5e94a1/attachment-0003.txt>
More information about the Farmmarketnews
mailing list