[Farmmarketnews] Wednesday Ontario Commodity Report & Ahmed Chilmeran Grain Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Jan 9 16:06:09 EST 2013
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 9
(All Bases in CAD)
Bank of Canada Noon exchange rate was 0.9868 down 0.0005
Chicago corn closed slightly higher.
MAR13 HI 6.96 DEC13 HI 5.83
LOW 6.86 1/2 LOW 5.74 1/2
CLOSE6.94 1/4 Up 5 1/2 CLOSE 5.81 3/4 Up 4
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +MAR13+MAR13+MAY13
CK Low -0.60 6.34 249.69 -0.76 5.06 199.10
CK High -0.57 6.37 250.87 -0.70 5.12 201.47
CK Avg -0.60 -0.52 6.35 249.89 -0.74 -0.69 5.07 199.76
Essex Cty -0.65 6.29 247.72 -0.75 5.07 199.50
Mdsx Low -0.60 6.34 249.69 -0.75 5.07 199.50
Mdsx High -0.60 6.34 249.69 -0.75 5.07 199.50
Mdsx Avg -0.60 -0.52 6.34 249.69 -0.75 -0.70 5.07 199.50
Hensall -0.60 6.34 249.69 -0.73 5.09 200.48
Bruce -0.60 6.34 249.69 -0.75 5.07 199.50
Putnam -0.60 6.34 249.69 -0.75 5.07 199.50
Burford -0.60 6.34 249.69 -0.75 5.07 199.50
Port Perry -0.60 6.34 249.69 -0.75 5.07 199.50
Norfolk -0.57 6.37 250.87 -0.76 5.06 199.10
Palmerston -0.60 6.34 249.69 -0.70 5.12 201.47
Varna -0.60 6.34 249.69 -0.70 5.12 201.47
Trenton -0.60 6.34 249.69 -0.70 5.12 201.47
Winchester -0.25 6.69 263.47 -0.60 5.22 205.40
North Gower -0.61 6.33 249.30 -0.75 5.07 199.50
Huron FOB -0.45 6.49 255.60 -0.70 5.12 201.47
Kent FOB -0.57 6.37 250.87 -0.76 5.06 199.10
Lamb FOB -0.57 6.37 250.87 -0.76 5.06 199.10
Mdsx FOB -0.60 -0.55 -0.55N/A 6.34 249.69 -0.70 5.12 201.47
FOB SW Que -0.50 6.44 253.63 -0.50 5.32 209.34
Track -0.20 6.74 265.44N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A N/A
Jhnstwn-Eth N/A N/A N/A N/A N/A
Aylmer-Eth N/A N/A -0.35 -0.30 N/A
Sarn-Eth -0.30 -0.30 -0.30 -0.20 6.64 261.50N/A
Cllngwd-Eth N/A N/A N/A N/A N/A*
London-Cas 0.00N/A N/A N/A 6.94 273.31 -0.55 5.27 207.37
Pt.Colb-Cas N/A N/A N/A N/A -0.50 5.32 209.34
Cardnl-Cas N/A N/A 0.10 0.15 -0.45 5.37 211.31
W O Feed -0.18 -0.17 6.76 266.23
US Rep 0.45 0.46 7.39 291.03
Toledo El. 0.09 7.03 276.82 -0.28 5.54 218.10
TRANSFER
Sarnia N/A N/A
Pt. Stanley -0.58 6.36 250.48N/A
Hamilton -0.53 6.41252 4/9 -0.57 5.25206 3/5
MID SD CRN -0.58 1/2 6.35 3/4
HI SD CRN -0.57 1 6.37 1/4
*Wet Bid
Bank of Canada Noon exchange rate was 0.9868 down 0.0005
Chicago soybeans closed narrowly mixed.
MAR13 HI 13.93 NOV13 HI 12.90
LOW 13.80 1/4 LOW 12.78 3/4
CLOSE13.85 1/2 Down 1 CLOSE 12.89 Up 3 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +MAR1+MAR1+MAY13
CK Low -0.90 12.96 476.01-1.00 11.89 436.88
CK High -0.80 13.06 479.69-0.94 11.95 439.09
CK Average -0.85 -0.7013.00 477.79-0.97-0.8511.93 438.17
Essex Cty -0.64 13.22 485.57-0.90 11.99 440.56
Mdsx Low -0.85 13.01 477.85-0.95 11.94 438.72
Mdsx High -0.78 13.08 480.42-0.93 11.96 439.45
Mdsx Average -0.82 -0.6613.04 479.14-0.94-0.8311.95 439.09
Hensall -0.83 13.03 478.77-0.98 11.92 437.80
Bruce -0.85 13.01 477.85-0.95 11.94 438.72
Putnam -0.80 13.06 479.69-1.00 11.89 436.88
Burford -0.78 13.08 480.42-0.93 11.96 439.45
Port Perry -0.81 13.05 479.32-0.96 11.93 438.35
Norfolk -0.75 13.11 481.53-0.90 11.99 440.56
Palmerston -0.80 13.06 479.69-0.90 11.99 440.56
Varna -0.80 13.06 479.69-1.00 11.89 436.88
Trenton -0.65 13.21 485.20-0.90 11.99 440.56
Winchester -0.57 13.29 488.14-0.85 12.04 442.39
North Gower -0.87 12.99 477.12-0.88 12.01 441.29
Huron FOB -0.65 13.21 485.20-0.95 11.94 438.72
Kent FOB -0.81 13.05 479.32-0.95 11.94 438.72
Lambton FOB -0.81 13.05 479.32-0.96 11.93 438.35
Middlesex FOB-0.69-0.58-0.58 N/A 13.17 483.73-0.77 12.12 445.33
PROCESSORS
Hamilton -0.35-0.30-0.30-0.20 13.51 496.22-0.50 12.39 455.25
Windsor -0.42-0.36-0.35 N/A 13.44 493.65-0.67 12.22 449.01
Winchester N/A N/A
TRANSFER
Hamilton -0.38 N/A N/A N/A 13.48 495.120.38 13.27 487.59
Pt. Stanley N/A N/A
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC 0.02 13.88 509.82-0.18 12.71 467.01
Toledo El. 0.07 13.92 511.63-0.33 12.56 461.61
Bank of Canada Noon exchange rate was 0.9868 down 0.0005
Chicago wheat closed slightly lower.
MAR13 HI 7.57 JUL13 HI 7.72 1/2
LOW 7.45 LOW 7.60 3/4
CLOSE 7.45 1/2 Down 5 CLOSE 7.61 1/2 Down 5 3/4
Minni wheat closed slightly lower.
MAR13 HI 8.48 1/2 SEP13 HI 8.66 1/4
LOW 8.40 LOW 8.58 1/2
CLOSE 8.40 1/2 Down 4 3/4 CLOSE 8.59 1/4 Down 3 1/2
GFO Cash Wheat Prices - DEL Terminal
Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.68 -0.58 -0.82 -1.03
CAD $/bu 6.78 6.88 6.63 7.37
CAD $/tonne 249.09 252.72 243.64 270.89
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 N/A -1.05 N/A N/A -1.00 -1.20 N/A
London -0.85 -0.90 -1.05 N/A -0.90 -0.95 -1.20 N/A
Hensall -0.80 N/A -1.05 N/A -0.75 N/A -1.20 N/A
Trenton N/A N/A N/A N/A N/A N/A -1.30 N/A
Winchester N/A N/A N/A N/A N/A N/A N/A -1.05
Essex N/A N/A -1.17 N/A N/A N/A -1.20 N/A
Norwich -0.80 N/A -1.05 N/A -0.75 N/A -1.20 N/A
Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A
Kent Bridge -0.90 N/A -1.05 N/A -0.80 N/A -1.20 N/A
Chatham N/A -0.95 -1.04 N/A N/A -0.99 -1.19 N/A
Brigden N/A -0.95 -1.04 N/A N/A -0.99 -1.19 N/A
Palmerston N/A -0.69 -1.08 -0.82 N/A -0.87 -1.26 -1.07
Varna -0.80 -0.90 -1.05 N/A -0.75 -1.10 -1.20 N/A
Mitchell -0.80 -1.00 -1.05 N/A -0.75 -1.00 -1.20 N/A
Thornton N/A N/A N/A -1.92 N/A N/A N/A N/A
North Gower N/A N/A N/A -1.04 N/A N/A N/A -1.03
TERMINAL
Sarnia N/A N/A N/A N/A N/A N/A N/A N/A
Hamilton N/A N/A -0.83 N/A N/A N/A -0.83 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 0.33N/A -0.26N/A
Toledo El. 7.20US 7.12CA 7.39US 7.32CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.56 -0.46 -1.01 -1.02
CAD $/bu 7.05 7.15 6.61 7.58
CAD $/tonne 259.18 262.82 242.78 278.39
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 350.00 - 375.00
Bayport Oats 320.00
Bayport Barley 320.00
FOB Hm Soymeal 471.03 - 472.13
DDG's FOB Srn, Wndr, Aylm 285.00 - 290.00
Friday January 9, 2013
Commodity Period Price Weekly Movement - Wednesday to Friday
Corn CBOT Mar 6.9500 ↑ 9.50 cents
Soybeans CBOT Jan 14.1800 ↑ 36.00 cents
Wheat CBOT Mar 7.4550 ↑ 0.25 cents
Wheat Minn. Mar 8.4050 ↓ 0.25 cents
Wheat Kansas Mar 8.0125 ↓ 10.00 cents
Canadian $ Dec 1.0190 ↑ 62.00 points
Financial markets made small advances after finding support from better than expected earnings from Alcoa Inc., the third largest aluminum producer in the world. The Canada Mortgage and Housing Corporation (CMHC) reported that December housing starts came down 1.7% from November. CMHC indicated the dip is due to fewer starts in rural areas of the country while urban starts remained stable. TransCanada announced plans to build a $CAD 5 billion natural gas pipeline from the North Montney gas-producing region in Western Canada to a Pacific Coast port. The news comes at a time when Canadian oil companies are scrambling to build new pipeline networks to feed new markets like China. Canada's biggest trading partner, the US, is ramping up its own production of oil and gas, leaving Canada with potentially lower export numbers.
Corn
Corn was up in Chicago following fears of a dry and warm winter ahead of spring planting. Crop experts fear another bout of the La Nina weather re-emerging. The USDA is expected to trim corn numbers in the upcoming crop report on Friday, including final estimates of the US corn harvests and stockpiles.
Soybeans
USDA soybean production estimates are expected to increase in the upcoming Friday crop report, having benefited from late rains in the growing season. Meanwhile, soybean shipments from Argentina, the world’s largest exporter, are halted due to a strike at the country’s grain ports. Workers are calling for a wage increase.
WHEAT
Wheat was lower in Chicago following news from France indicating an increase in the stockpiles outlook by 17% from last month. France will have 2.29 million metric tons of soft wheat in storage, up from 1.96 metric tons. The US government declared majority of the southern Wheat Belt, including areas in Kansas, Colorado, Oklahoma and Texas, a natural disaster area due to the ongoing drought that’s impacting this year's winter wheat harvest.
Contract prices for January 9, 2013 3:30pm, are as follows:
SWW at $249.16 per tonne ($6.78/bu), HRW at $252.79 per tonne ($6.88/bu.),
HRS at $270.97 per tonne ($7.37/bu.), and SRW at $243.71 per tonne ($6.63/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 uoguelph.ca
AgriLink website : www.ridgetownc.com/agrilink
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