[Farmmarketnews] Wednesday Ontario Commodity Report & Todd Austin Grain Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Jun 5 16:04:54 EDT 2013
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, June 5
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1.0345 down 0.0003
Chicago corn closed mixed.
JUL13 HI 6.67 DEC13 HI 5.53 1/2
LOW 6.58 1/2 LOW 5.41 1/4
CLOSE6.60 3/4 Up 1/4 CLOSE 5.42 1/4 Down 10 3/4
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +SEP13+SEP13+DEC13
CK Low -0.30 6.31 248.32 -0.75 4.67 183.95
CK High -0.30 6.31 248.32 -0.70 4.72 185.92
CK Avg -0.30 -0.54 6.31 248.32 -0.74 -0.94 4.68 184.28
Essex Cty -0.20 6.41 252.25 -0.75 4.67 183.95
Mdsx Low -0.35 6.26 246.35 -0.75 4.67 183.95
Mdsx High -0.30 6.31 248.32 -0.75 4.67 183.95
Mdsx Avg -0.33 -0.56 6.28 247.33 -0.75 -0.94 4.67 183.95
Hensall -0.35 6.26 246.35 -0.75 4.67 183.95
Bruce -0.35 6.26 246.35 -0.75 4.67 183.95
Putnam N/A -0.70 4.72 185.92
Burford -0.35 6.26 246.35 -0.75 4.67 183.95
Port Perry -0.35 6.26 246.35 -0.75 4.67 183.95
Norfolk -0.35 6.26 246.35 -0.75 4.67 183.95
Palmerston -0.40 6.21 244.38 -0.75 4.67 183.95
Varna -0.35 6.26 246.35 -0.75 4.67 183.95
Trenton -0.35 6.26 246.35 -0.75 4.67 183.95
Winchester -0.30 6.31 248.32 -0.50 4.92 193.79
North Gower -0.52 6.09 239.65 -0.61 4.81 189.46
Huron FOB -0.25 6.36 250.28 -0.70 4.72 185.92
Kent FOB -0.25 6.36 250.28 -0.75 4.67 183.95
Lamb FOB -0.25 6.36 250.28 -0.75 4.67 183.95
Mdsx FOB -0.30 -0.30N/A N/A 6.31 248.32 -0.75 4.67 183.95
FOB SW Que -0.20 6.41 252.25 -0.50 4.92 193.79
Track 0.03 6.63 261.11N/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 -0.25 0.50 0.55 0.70 6.36 250.28 -0.55 4.87 191.82
Sarn-Eth -0.30 0.60 0.75N/A 6.31 248.32N/A
Cllngwd-Eth N/A N/A N/A N/A N/A*
London-Ing N/A N/A 0.85 0.95 -0.50 4.92 193.79
Pt.Colb-Ing N/A N/A 0.80 1.00 -0.45 4.97 195.76
Cardnl-Ing N/A N/A N/A 1.00 -0.45 4.97 195.76
W O Feed 0.05 0.01 6.66 262.09
US Rep 0.65 0.61 7.26 285.72
Toledo El. 0.40 7.01 276.03 -0.34 5.08 200.02
TRANSFER
Sarnia N/A N/A
Pt. Stanley -0.45 6.16 242.41 -0.75 4.67184
Hamilton 0.05 6.66262 -0.52 4.90193
MID SD CRN -0.72 1/2 4.69 3/4
HI SD CRN -0.70 4.72 1/4
*Wet Bid
Bank of Canada Noon exchange rate was 1.0345 down 0.0003
Chicago soybeans closed mixed.
JUL13 HI 15.49 NOV13 HI 13.17
LOW 15.23 1/4 LOW 12.96 1/4
CLOSE15.32 Up 3 1/4 CLOSE 13.00 Down 16
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +JUL1+AUG1+AUG13
CK Low 0.25 15.57 572.10-0.50 12.50 459.30
CK High 0.38 15.70 576.88-0.40 12.60 462.97
CK Average 0.30 -0.2515.62 573.88-0.45-0.9112.55 461.26
Essex Cty 0.46 15.78 579.82-0.23 12.77 469.22
Mdsx Low 0.25 15.57 572.10-0.45 12.55 461.13
Mdsx High 0.27 15.59 572.83-0.44 12.56 461.50
Mdsx Average 0.26 -0.2915.58 572.47-0.45-0.9112.56 461.32
Hensall 0.28 15.60 573.02-0.45 12.55 461.13
Bruce 0.25 15.57 572.10-0.45 12.55 461.13
Putnam N/A -0.50 12.50 459.30
Burford 0.33 15.65 575.04-0.38 12.62 463.71
Port Perry 0.27 15.59 572.83-0.44 12.56 461.50
Norfolk 0.36 15.68 576.14-0.39 12.61 463.34
Palmerston 0.30 15.62 573.94-0.40 12.60 462.97
Varna 0.30 15.62 573.94-0.40 12.60 462.97
Trenton 0.30 15.62 573.94-0.40 12.60 462.97
Winchester 0.18 15.50 569.53-0.25 12.75 468.48
North Gower 0.38 15.70 576.88-0.23 12.77 469.22
Huron FOB 0.35 15.67 575.77-0.35 12.65 464.81
Kent FOB 0.36 15.68 576.14-0.34 12.66 465.18
Lambton FOB 0.27 15.59 572.83-0.44 12.56 461.50
Middlesex FOB0.42 0.63 N/A N/A 15.74 578.35-0.22 12.78 469.58
PROCESSORS
Hamilton 0.80 1.00 1.80 N/A 16.12 592.310.10 13.10 481.34
Windsor 0.68 0.54 N/A N/A 16.00 587.90-0.01 12.99 477.30
Winchester N/A N/A
TRANSFER
Hamilton N/A N/A N/A N/A 0.18 13.18 484.28
Pt. Stanley N/A N/A
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC 0.00 15.32 562.910.60 13.60 499.71
Toledo El. 0.07 15.39 565.58-0.39 12.61 463.21
Bank of Canada Noon exchange rate was 1.0345 down 0.0003
Chicago wheat closed slightly lower.
JUL13 HI 7.12 1/2 JUL13 HI 7.12 1/2
LOW 7.01 LOW 7.01
CLOSE 7.01 1/2 Down 7 1/2 CLOSE 7.01 1/2 Down 7 1/2
Minni wheat closed slightly lower.
JUL13 HI 8.21 1/2 SEP13 HI 8.11 1/4
LOW 8.13 3/4 LOW 8.02
CLOSE 8.16 Down 5 CLOSE 8.04 1/2 Down 5 3/4
GFO Cash Wheat Prices - DEL Terminal
Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.34 -0.24 -0.34 -0.47
CAD $/bu 6.68 6.78 6.68 7.69
CAD $/tonne 245.28 249.08 245.28 282.38
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 N/A N/A N/A -0.87 -1.00 N/A
London -0.57 -0.47 -0.52 N/A -0.52 -0.83 -0.98 N/A
Hensall -0.50 N/A -0.50 N/A -0.60 N/A -1.00 N/A
Trenton N/A N/A N/A N/A N/A N/A -1.20 N/A
Winchester N/A N/A N/A N/A N/A N/A N/A -0.88
Essex N/A N/A -0.36 N/A N/A N/A -0.93 N/A
Norwich -0.50 N/A -0.50 N/A -0.60 N/A -1.00 N/A
Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A
Kent Bridge -0.60 N/A -0.55 N/A -0.65 N/A -1.00 N/A
Chatham N/A N/A N/A N/A N/A -0.93 -0.98 N/A
Brigden N/A N/A N/A N/A N/A -0.93 -0.98 N/A
Palmerston N/A -0.37 -0.49 -0.36 N/A -0.64 -1.04 -0.62
Varna -0.45 -0.50 -0.50 N/A -0.60 -0.90 -1.00 N/A
Mitchell -0.50 -0.55 -0.50 N/A -0.60 -0.90 -1.00 N/A
Thornton N/A N/A N/A -1.12 N/A N/A N/A N/A
North Gower N/A N/A N/A -0.48 N/A N/A N/A -0.65
TERMINAL
Sarnia N/A N/A N/A N/A N/A N/A N/A N/A
Hamilton N/A N/A -0.22 N/A N/A N/A -0.60 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 0.56N/A 0.15N/A
Toledo El. N/A 6.89US 7.13CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.16 -0.27 -0.63 -0.64
CAD $/bu 6.85 6.75 6.39 7.40
CAD $/tonne 251.74 247.94 234.62 271.91
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 347.00 - 350.00
Bayport Oats 325.00
Bayport Barley 320.00
FOB Hm Soymeal 576.41 - 585.23
DDG's FOB Srn & Aylm 260.00
Wednesday June 5, 2013
Commodity Period Price Weekly Movement
Corn CBOT July 6.60 ¾ ↓ 4 ¼ cents
Soybeans CBOT July 15.32 ↑ 30 ¼ cents
Wheat CBOT July 7.01 ½ ↓ 1 ¼ cents
Wheat Minn. July 8.16 ↑ ¼ cents
Wheat Kansas July 7.43 ¼ ↓ 4 ½ cents
Canadian $ June 0.96620 ↑ 13 points
CORN
According to the United States Department of Agriculture, 91percent of the expected corn crop has been planted. Planting has crept closer to the five year average of 95percent; a lot of corn has been planted over the last few weeks.
Emergence is also behind at 74percent though the condition of the corn crop has been rated at 93 percent fair and good to excellent.
With the potential for an increase in corn production in Russia, Ukraine and the Black Sea region, there could still be a large corn crop even with fewer acres of US corn planted.
SOYBEANS
Tight physical supplies of US soybeans are supporting nearby prices in attempts for rationing demand requirements through the summer and into new crop harvest.
Planting continues in the US with 57 percent of the expected soybean crop planted. This is up from 44 percent last week, but still well behind the five year average of 74 percent for this time of year.
WHEAT
France has been asked by Egypt for assistance in storing grain and for easier payment terms for wheat imports, French official sources said, as Egypt struggles with a prolonged economic crisis; two years of political turmoil and economic crisis have eroded Egypt's currency reserves, making it difficult for the country to finance essential food and fuel imports.
2013 Harvest contract prices for June 5, 2013 at market close are as follows:
SWW at $ 251.57 per tonne ($ 6.85 /bu.), SRW at $ 234.45 per tonne ($ 6.38 /bu.), HRW at $ 247.76 per tonne ($ 6.74 /bu.), and HRS at $ 271.72 per tonne ($ 7.40 /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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