[Farmmarketnews] Thursday Ontario Commodity Report & Ahmed Chilmeran Grain Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Thu Jan 17 16:41:06 EST 2013
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 17
(All Bases in CAD)
Bank of Canada Noon exchange rate was 0.9853 up 0.0003
Chicago corn closed slightly to moderately lower.
MAR13 HI 7.34 DEC13 HI 5.93
LOW 7.22 1/2 LOW 5.85 1/2
CLOSE7.24 1/2 Down 6 3/4 CLOSE 5.86 1/2 Down 5 3/4
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +MAR13+MAR13+MAY13
CK Low -0.65 6.60 259.63 -0.75 5.12 201.37
CK High -0.60 6.65 261.60 -0.70 5.17 203.34
CK Avg -0.63 -0.53 6.62 260.62 -0.74 -0.67 5.12 201.70
Essex Cty -0.60 6.65 261.60 -0.75 5.12 201.37
Mdsx Low -0.65 6.60 259.63 -0.75 5.12 201.37
Mdsx High -0.65 6.60 259.63 -0.75 5.12 201.37
Mdsx Avg -0.65 -0.55 6.60 259.63 -0.75 -0.68 5.12 201.37
Hensall -0.65 6.60 259.63 -0.73 5.14 202.35
Bruce -0.65 6.60 259.63 -0.75 5.12 201.37
Putnam -0.65 6.60 259.63 -0.75 5.12 201.37
Burford -0.65 6.60 259.63 -0.75 5.12 201.37
Port Perry -0.65 6.60 259.63 -0.75 5.12 201.37
Norfolk -0.60 6.65 261.60 -0.75 5.12 201.37
Palmerston -0.60 6.65 261.60 -0.70 5.17 203.34
Varna -0.65 6.60 259.63 -0.70 5.17 203.34
Trenton -0.60 6.65 261.60 -0.70 5.17 203.34
Winchester -0.30 6.95 273.41 -0.65 5.22 205.31
North Gower -0.91 6.34 249.40 -0.71 5.16 202.94
Huron FOB -0.50 6.75 265.54 -0.70 5.17 203.34
Kent FOB -0.60 6.65 261.60 -0.75 5.12 201.37
Lamb FOB -0.60 6.65 261.60 -0.75 5.12 201.37
Mdsx FOB -0.60 -0.55 -0.55N/A 6.65 261.60 -0.70 5.17 203.34
FOB SW Que -0.50 6.75 265.54 -0.50 5.37 211.21
Track -0.23 7.02 276.37N/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 6.95 273.41N/A
Cllngwd-Eth N/A N/A N/A N/A N/A*
London-Cas N/A N/A N/A N/A -0.55 5.32 209.24
Pt.Colb-Cas N/A N/A N/A N/A -0.50 5.37 211.21
Cardnl-Cas N/A N/A N/A N/A -0.45 5.42 213.18
W O Feed -0.22 -0.21 7.03 276.56
US Rep 0.45 0.46 7.70 302.94
Toledo El. 0.11 7.35 289.50 -0.28 5.59 220.00
TRANSFER
Sarnia N/A N/A
Pt. Stanley -0.60 6.65 261.60 -0.75 5.12201 3/8
Hamilton -0.60 6.65261 3/5 -0.60 5.27207 2/7
MID SD CRN -0.62 1/2 6.62
HI SD CRN -0.60 6.64 1/2
*Wet Bid
Bank of Canada Noon exchange rate was 0.9853 up 0.0003
Chicago soybeans closed slightly to moderately lower.
MAR13 HI 14.48 NOV13 HI 13.01
LOW 14.22 1/4 LOW 12.82 3/4
CLOSE14.30 1/4 Down 6 1/4 CLOSE 12.85 1/4 Down 11 3/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +MAR1+MAR1+MAY13
CK Low -0.75 13.55 497.97-1.00 11.85 435.50
CK High -0.66 13.64 501.28-0.95 11.90 437.34
CK Average -0.74 -0.5413.57 498.52-0.96-0.8111.89 436.91
Essex Cty -0.61 13.69 503.11-0.79 12.06 443.22
Mdsx Low -0.73 13.57 498.70-0.94 11.91 437.71
Mdsx High -0.70 13.60 499.81-0.90 11.95 439.18
Mdsx Average -0.72 -0.5213.59 499.26-0.92-0.7711.93 438.44
Hensall -0.70 13.60 499.81-0.93 11.93 438.26
Bruce -0.70 13.60 499.81-0.90 11.95 439.18
Putnam -0.70 13.60 499.81-0.95 11.90 437.34
Burford -0.73 13.57 498.70-0.94 11.91 437.71
Port Perry -0.76 13.54 497.60-0.97 11.88 436.61
Norfolk -0.66 13.64 501.28-0.90 11.95 439.18
Palmerston -0.75 13.55 497.97-0.95 11.90 437.34
Varna -0.70 13.60 499.81-0.95 11.90 437.34
Trenton -0.55 13.75 505.32-0.90 11.95 439.18
Winchester -0.45 13.85 508.99-0.85 12.00 441.02
North Gower -0.82 13.48 495.40-0.87 11.98 440.28
Huron FOB -0.55 13.75 505.32-0.90 11.95 439.18
Kent FOB -0.66 13.64 501.28-0.95 11.90 437.34
Lambton FOB -0.66 13.64 501.28-0.95 11.90 437.34
Middlesex FOB-0.67-0.56 N/A N/A 13.63 500.91-0.78 12.07 443.59
PROCESSORS
Hamilton -0.35-0.30-0.30-0.25 13.95 512.67-0.55 12.30 452.04
Windsor -0.39-0.39-0.39 N/A 13.91 511.20-0.57 12.28 451.30
Winchester N/A N/A
TRANSFER
Hamilton -0.45 N/A N/A N/A 13.85 508.99-0.40 12.45 457.55
Pt. Stanley N/A N/A
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC 0.00 14.30 525.53-0.20 12.65 464.90
Toledo El. 0.06 14.36 527.70-0.33 12.53 460.26
Bank of Canada Noon exchange rate was 0.9853 up 0.0003
Chicago wheat closed slightly lower.
MAR13 HI 7.89 1/2 JUL13 HI 8.01
LOW 7.76 LOW 7.89 1/2
CLOSE 7.81 1/4 Down 3 3/4 CLOSE 7.95 1/4 Down 2
Minni wheat closed slightly lower.
MAR13 HI 8.75 SEP13 HI 8.91 1/4
LOW 8.67 LOW 8.85
CLOSE 8.69 1/4 Down 2 1/4 CLOSE 8.86 3/4 Down 2 1/4
GFO Cash Wheat Prices - DEL Terminal
Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.70 -0.60 -0.84 -1.05
CAD $/bu 7.12 7.22 6.97 7.64
CAD $/tonne 261.48 265.11 256.05 280.70
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 -1.00 N/A N/A -1.00 -1.15 N/A
London -0.87 -0.87 -0.92 N/A -0.97 -0.97 -1.02 N/A
Hensall -0.75 N/A -1.00 N/A -0.70 N/A -1.15 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 -1.09 N/A N/A N/A -1.22 N/A
Norwich -0.75 N/A -1.00 N/A -0.70 N/A -1.15 N/A
Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A
Kent Bridge -0.80 N/A -1.00 N/A -0.75 N/A -1.20 N/A
Chatham N/A -0.95 -1.00 N/A N/A -0.99 -1.18 N/A
Brigden N/A -0.95 -1.00 N/A N/A -0.99 -1.18 N/A
Palmerston N/A -0.69 -1.04 -0.83 N/A -0.87 -1.27 -1.08
Varna -0.75 -0.85 -1.00 N/A -0.70 -1.05 -1.15 N/A
Mitchell -0.75 -1.00 -1.00 N/A -0.70 -1.05 -1.15 N/A
Thornton N/A N/A N/A -1.88 N/A N/A N/A N/A
North Gower N/A N/A N/A -1.05 N/A N/A N/A -1.04
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 -0.90 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 -0.20N/A 0.30N/A -0.29N/A
Toledo El. 7.55US 7.45CA 7.72US 7.63CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.59 -0.49 -1.03 -1.04
CAD $/bu 7.37 7.46 6.92 7.83
CAD $/tonne 270.64 274.27 254.30 287.53
(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 328.00
Bayport Barley 320.00
FOB Hm Soymeal 467.39 - 476.21
DDG's FOB Srn, Wndr, Aylm 285.00 - 290.00
Thursday January 17, 2013
Commodity Period Price Weekly Movement - Thursday to Friday
Corn CBOT Mar 7.2400 ↑ 11.00 cents
Soybeans CBOT Mar 14.3025 ↑ 16.25 cents
Wheat CBOT Mar 7.8125 ↑ 13.00 cents
Wheat Minn. Mar 8.7000 ↑ 16.50 cents
Wheat Kansas Mar 8.3375 ↑ 44.00 cents
Canadian $ Dec 1.0137 ↓ 13.00 points
The latest investment data released by Statistics Canada shows an increased appetite for Canadian debt by foreign investors. Foreign investors acquired $7.5 billion in Canadian securities last August, a 275% rise from July. Foreign acquisition of Canadian debt securities continued to strengthen reaching $12.5 billion in October. Canadian stocks didn’t share the same sentiment from foreign investors; a meager $38million worth of Canadian equities were purchased. Canadian investors reduced their holdings of foreign securities by $1.7 billion, following three straight months of acquisition. Unemployment aid fell in the US to a five-year low showing progress towards a return to normal levels of employment in the country. The US Commerce Department indicated that the housing market in the US is showing healthy signs as well, with builders adding houses and apartments to the sound of 954,000 seasonally adjusted homes last month, the equivalent of a 12% increase over November’s annual rate and double the recession low in April of 2009. The US news trickled its way into Canada’s financial markets, with the TSX rising earlier led by gains in energy and minerals. The loonie fell back against the greenback on higher energy and commodity prices.
Corn
Corn was lower in Chicago on profit taking. The recent price rally last week may have pushed money off the table. The International Grain Commission lowered its forecast for world stocks by 3 million tonnes to 113m tonnes, a nine-year low; however, this didn’t prevent the market from dipping. Export data is positive but remains below trend. Weekly export sales were 393,300 tonnes, while total sales since January stand at 55% of the USDA forecast.
Soybeans
Soybean was up in Chicago following the USDA’s latest Export Sales Report. The report indicated 1.28 million tonnes in export sales easily topped earlier trader predictions in the range of 700,000 to 900,000 tonnes. The next 10 days, however, will play an important role in setting the direction for prices with the South American soy crop entering the flowering stages. Weather factors will be closely monitored.
WHEAT
Wheat was mostly trading lower despite positive export demand data. Iraq bought nearly 300,000 tonnes of milling wheat from Australia and Canada; and Algeria bought close to 400,000 tonnes of soft wheat from France. The Canadian Wheat Board appeal forwarded by a group of board of directors against the federal government was rejected by the Canadian Supreme Court, sighting another win for the federal government.
Contract prices for January 17, 2013 3pm, are as follows:
SWW at $261.44 per tonne ($7.12/bu), HRW at $265.06 per tonne ($7.21/bu.),
HRS at $280.92 per tonne ($7.65/bu.), and SRW at $256.00 per tonne ($6.97/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
-------------- next part --------------
A non-text attachment was scrubbed...
Name: Wheatcom.docx
Type: application/vnd.openxmlformats-officedocument.wordprocessingml.document
Size: 324532 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20130117/0042ba80/attachment-0001.bin>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: Wheatcom.pdf
Type: application/pdf
Size: 319197 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20130117/0042ba80/attachment-0002.pdf>
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: Wheatcom.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20130117/0042ba80/attachment-0002.txt>
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: corn.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20130117/0042ba80/attachment-0003.txt>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: grain.pdf
Type: application/pdf
Size: 269053 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20130117/0042ba80/attachment-0003.pdf>
More information about the Farmmarketnews
mailing list