[Farmmarketnews] Wednesday Ontario Commodity Report & GFO Grain Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Jul 31 16:02:34 EDT 2013
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, July 31
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1.0287 down 0.0006
Chicago corn closed slightly higher.
SEP13 HI 4.99 1/2 DEC13 HI 4.80 1/2
LOW 4.93 LOW 4.73 1/4
CLOSE4.99 Up 3 1/2 CLOSE 4.79 Up 1 1/2
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +SEP13+DEC13+DEC13
CK Low 0.80 5.79 227.94 -0.75 4.04 159.05
CK High 0.85 5.84 229.91 -0.65 4.14 162.98
CK Avg 0.82 0.68 5.81 228.60 -0.73 -0.87 4.06 159.70
Essex Cty 0.90 5.89 231.88 -0.75 4.04 159.05
Mdsx Low 0.75 5.74 225.97 -0.75 4.04 159.05
Mdsx High 0.80 5.79 227.94 -0.75 4.04 159.05
Mdsx Avg 0.78 0.63 5.77 226.96 -0.75 -0.88 4.04 159.05
Hensall 0.75 5.74 225.97 -0.73 4.07 160.03
Bruce 0.75 5.74 225.97 -0.75 4.04 159.05
Putnam N/A -0.70 4.09 161.02
Burford 0.75 5.74 225.97 -0.75 4.04 159.05
Port Perry 0.60 5.59 220.07 -0.75 4.04 159.05
Norfolk 0.80 5.79 227.94 -0.75 4.04 159.05
Palmerston 0.75 5.74 225.97 -0.75 4.04 159.05
Varna 0.75 5.74 225.97 -0.70 4.09 161.02
Trenton 0.80 5.79 227.94 -0.70 4.09 161.02
Winchester 0.80 5.79 227.94 -0.45 4.34 170.86
North Gower 0.45 5.44 214.16 -0.70 4.09 161.02
Huron FOB 0.95 5.94 233.85 -0.70 4.09 161.02
Kent FOB 0.85 5.84 229.91 -0.80 3.99 157.08
Lamb FOB 0.85 5.84 229.91 -0.80 3.99 157.08
Mdsx FOB 0.80 1.00N/A N/A 5.79 227.94 -0.75 4.04 159.05
FOB SW Que N/A -0.70 4.09 161.02
Track 1.15 6.14 241.72N/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 0.70 1.10N/A N/A 5.69 224.01 -0.55 4.24 166.92
Sarn-Eth 1.00 1.30 1.00N/A 5.99 235.82 -0.50 4.29 168.89
Cllngwd-Eth N/A N/A N/A N/A N/A*
London-Ing N/A 1.00 0.70N/A -0.45 4.34 170.86
Pt.Colb-Ing N/A 1.05 0.75N/A -0.40 4.39 172.83
Cardnl-Ing N/A N/A 0.75N/A -0.40 4.39 172.83
W O Feed 1.20 1.17 6.19 243.69
US Rep 1.80 1.77 6.79 267.31
Toledo El. 1.41 6.40 251.90 -0.31 4.48 176.43
TRANSFER
Sarnia N/A N/A
Pt. Stanley N/A -0.80 3.99157
Hamilton N/A -0.58 4.21165 3/4
MID SD CRN -0.70 4.09
HI SD CRN -0.65 4.141
*Wet Bid
Bank of Canada Noon exchange rate was 1.0287 down 0.0006
Chicago soybeans closed slightly higher.
NOV13 HI 12.11 1/2 NOV13 HI 12.11 1/2
LOW 11.94 1/4 LOW 11.94 1/4
CLOSE12.06 1/4 Up 3 1/4 CLOSE 12.06 1/4 Up 3 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +NOV1+NOV1+NOV13
CK Low 1.40 13.46 494.66-0.35 11.71 430.36
CK High 1.70 13.76 505.69-0.28 11.78 432.93
CK Average 1.62 1.28 13.69 502.87-0.34-0.6811.73 430.85
Essex Cty 1.90 13.96 513.03-0.23 11.83 434.77
Mdsx Low 1.70 13.76 505.69-0.35 11.71 430.36
Mdsx High 1.72 13.78 506.42-0.30 11.76 432.20
Mdsx Average 1.71 1.37 13.77 506.05-0.33-0.6611.74 431.28
Hensall 1.68 13.74 504.77-0.30 11.76 432.20
Bruce 1.15 13.21 485.48-0.35 11.71 430.36
Putnam N/A -0.15 11.91 437.71
Burford 1.78 13.84 508.62-0.29 11.77 432.57
Port Perry 1.72 13.78 506.42-0.35 11.71 430.36
Norfolk 1.59 13.65 501.64-0.28 11.78 432.93
Palmerston 1.15 13.21 485.48-0.40 11.66 428.52
Varna 1.50 13.56 498.34-0.35 11.71 430.36
Trenton 1.30 13.36 490.99-0.45 11.61 426.69
Winchester 1.81 13.87 509.73-0.20 11.86 435.87
North Gower 1.10 13.16 483.64-0.22 11.84 435.14
Huron FOB 1.75 13.81 507.52-0.20 11.86 435.87
Kent FOB 1.69 13.75 505.32-0.28 11.78 432.93
Lambton FOB 1.69 13.75 505.32-0.28 11.78 432.93
Middlesex FOB1.51 N/A N/A N/A 13.57 498.70-0.20 11.86 435.87
PROCESSORS
Hamilton 1.70 1.70 N/A N/A 13.76 505.690.10 12.16 446.90
Windsor 2.13 N/A N/A N/A 14.19 521.490.00 12.06 443.22
Winchester N/A N/A
TRANSFER
Hamilton N/A N/A N/A N/A 0.08 12.14 446.16
Pt. Stanley N/A N/A
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC N/A 0.60 12.66 465.27
Toledo El. 1.61 13.68 502.53-0.39 11.67 428.87
Bank of Canada Noon exchange rate was 1.0287 down 0.0006
Chicago wheat closed slightly higher.
SEP13 HI 6.65 3/4 JUL14 HI 6.91 1/2
LOW 6.53 1/2 LOW 6.79 3/4
CLOSE 6.64 1/4 Up 9 CLOSE 6.89 Up 8
Minni wheat closed slightly higher.
SEP13 HI 7.44 JUL14 HI 7.80 1/2
LOW 7.35 LOW 7.71 1/2
CLOSE 7.41 1/4 Up 4 CLOSE 7.77 3/4 Up 2 3/4
GFO Cash Wheat Prices - DEL Terminal
Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.38 -0.48 -0.84 -0.67
CAD $/bu 6.26 6.16 5.80 6.75
CAD $/tonne 230.17 226.39 213.17 247.92
Direct MarkHarvest 2013 Harvest 2014
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 -0.92 -1.15 N/A N/A N/A -1.30 N/A
London -0.80 -0.91 -0.96 N/A -0.49 -0.90 -1.16 N/A
Hensall -1.10 N/A -1.15 N/A -0.70 N/A -1.30 N/A
Trenton N/A N/A -1.25 N/A N/A N/A -1.30 N/A
Winchester N/A N/A N/A -0.69 N/A N/A N/A N/A
Essex N/A N/A -0.99 N/A N/A N/A -1.13 N/A
Norwich -0.95 N/A -1.15 N/A -0.65 N/A -1.30 N/A
Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A
Kent Bridge -0.95 N/A -1.05 N/A -0.70 N/A -1.20 N/A
Chatham N/A -0.92 -0.97 N/A N/A N/A -1.21 N/A
Brigden N/A -0.92 -0.97 N/A N/A N/A -1.21 N/A
Palmerston N/A -0.69 -1.06 -0.76 N/A -0.88 -1.19 N/A
Varna -0.95 -1.05 -1.15 N/A -0.75 -1.00 -1.20 N/A
Mitchell -0.95 -0.95 -1.10 N/A -0.70 -1.00 -1.30 N/A
Thornton N/A N/A N/A -0.75 N/A N/A N/A N/A
North Gower N/A N/A N/A -0.56 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 -0.74 N/A N/A N/A N/A N/A
Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A
PROCESSORS
Toledo FM 0.55N/A 0.34N/A N/A N/A 0.40N/A
Toledo El. 6.56US 6.75CA 6.66US 6.85CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.53 -0.63 -0.94
CAD $/bu 6.36 6.26 5.95
CAD $/tonne 233.85 230.07 218.74
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 310.00 - 340.00
Bayport Oats 330.00
Bayport Barley 280.00
FOB Hm Soymeal 548.96 - 550.06
DDG's FOB Srn & Aylm 270.00 - 280.00
Wednesday July 31, 2013
Commodity Period Price Weekly Movement
Corn CBOT Sept 4.99 ↓ 9 ¼ cents
Soybeans CBOT Sept 12.49 ¾ ↓ 52 cents
Wheat CBOT Sept 6.64 ¼ ↑ 11 cents
Wheat Minn. Sept 7.41 ¼ ↓ 2 ¼ cents
Wheat Kansas Sept 7.06 ¾ ↑ 9 ½ cents
Canadian $ Sept 0.9727 ↑ 49 points
CORN:
The USDA crop progress report showed corn development working closer to the five year average. In terms of silking, this week’s crop is at 71 percent, up 28 percent from last week and closing in on the five year average of 75 percent. New to this week’s development report, the dough stage has reached eight percent which is behind the five year average of 17 percent.
Corn conditions remain unchanged this week with the very poor to poor rating holding steady at 11 percent and the good to excellent rating staying put at 63 percent. Overall, favourable rainfall and temperature forecasts are creating ideal conditions and are fueling increased crop size expectations.
SOYBEANS:
The USDA crop progress report indicated advancements in soybean development this past week. Blooming is up 19 percentage points to 65 percent this week. Pod setting has moved ahead 12 percentage points from last week to 20 percent. However, this is still well off the five year average of 34 percent.
The condition of the crop decreased from last week. The very poor to poor rating increased one percentage point to nine percent and the good to excellent rating fell one percentage point to 63 percent. Markets were a bit mixed this week but ultimately, futures were down overall.
WHEAT:
According to the USDA crop progress report, the winter wheat harvest has nearly caught up with the five year average. This week, it was rated at 81 percent completion which is just one percentage point behind the five year average of 82 percent. Similarly, the spring wheat heading is one percentage point behind the five year average at 94 percent. Overall, conditions in the spring wheat remained the same for the good to excellent rating at 68 percent and decreased in the very poor to poor rating moving ahead one percentage point to six percent.
A slight bounce in the futures came this week on the lifting of Japan’s purchasing ban on US western white wheat. However, more will be needed to push the markets forward significantly. This year’s corn crop size could potentially affect wheat values and not only pressure corn futures but also wheat futures.
2013 Harvest contract prices for July 31, 2013 at close are as follows:
SWW at $230.15 per tonne ($6.26/bu.), SRW at $213.15 per tonne ($5.80/bu.), HRW at $226.37 per tonne ($6.16/bu.), and HRS at $247.91 per tonne ($6.75/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: 280689 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20130731/d4abdceb/attachment-0001.bin>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: wheatcom.pdf
Type: application/pdf
Size: 259504 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20130731/d4abdceb/attachment-0002.pdf>
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: wheatcom.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20130731/d4abdceb/attachment-0002.txt>
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: corn.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20130731/d4abdceb/attachment-0003.txt>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: grain.pdf
Type: application/pdf
Size: 268808 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20130731/d4abdceb/attachment-0003.pdf>
More information about the Farmmarketnews
mailing list