[Farmmarketnews] Friday Ontario Commodity Report and Grain Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Fri Jun 14 15:39:30 EDT 2013
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, June 14
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1.0177 up 0.0007
Chicago corn closed mixed.
JUL13 HI 6.58 DEC13 HI 5.36 3/4
LOW 6.43 3/4 LOW 5.30 1/2
CLOSE6.55 Up 11 1/2 CLOSE 5.33 Down 2 1/4
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +SEP13+SEP13+DEC13
CK Low -0.35 6.20 244.08 -0.80 4.53 178.34
CK High -0.30 6.25 246.05 -0.70 4.63 182.28
CK Avg -0.34 -0.45 6.21 244.41 -0.78 -0.87 4.55 178.99
Essex Cty -0.25 6.30 248.02 -0.75 4.58 180.31
Mdsx Low -0.35 6.20 244.08 -0.80 4.53 178.34
Mdsx High -0.35 6.20 244.08 -0.75 4.58 180.31
Mdsx Avg -0.35 -0.46 6.20 244.08 -0.78 -0.87 4.56 179.32
Hensall -0.35 6.20 244.08 -0.78 4.56 179.32
Bruce -0.35 6.20 244.08 -0.80 4.53 178.34
Putnam N/A -0.70 4.63 182.28
Burford -0.35 6.20 244.08 -0.80 4.53 178.34
Port Perry -0.40 6.15 242.11 -0.80 4.53 178.34
Norfolk -0.40 6.15 242.11 -0.80 4.53 178.34
Palmerston N/A -0.75 4.58 180.31
Varna -0.35 6.20 244.08 -0.75 4.58 180.31
Trenton -0.35 6.20 244.08 -0.75 4.58 180.31
Winchester -0.30 6.25 246.05 -0.50 4.83 190.15
North Gower -0.33 6.22 244.87 -0.70 4.63 182.28
Huron FOB -0.25 6.30 248.02 -0.75 4.58 180.31
Kent FOB -0.30 6.25 246.05 -0.85 4.48 176.37
Lamb FOB -0.30 6.25 246.05 -0.85 4.48 176.37
Mdsx FOB -0.20N/A N/A N/A 6.35 249.99 -0.75 4.58 180.31
FOB SW Que -0.10 6.45 253.93 -0.45 4.88 192.12
Track 0.05 6.60 259.83N/A
PROCESSORS
Chat-Eth N/A 0.90 0.95 1.30 N/A
Jhnstwn-Eth N/A N/A N/A N/A N/A
Aylmer-Eth -0.25 0.50 0.55 0.70 6.30 248.02 -0.55 4.78 188.18
Sarn-Eth -0.20 0.80 0.95 1.25 6.35 249.99N/A
Cllngwd-Eth N/A N/A N/A N/A N/A*
London-Ing N/A N/A 0.90 1.00 -0.45 4.88 192.12
Pt.Colb-Ing N/A N/A 0.85 1.05 -0.40 4.93 194.09
Cardnl-Ing N/A N/A N/A 1.05 -0.40 4.93 194.09
W O Feed 0.05 0.03 6.60 259.83
US Rep 0.50 0.48 7.05 277.55
Toledo El. 0.40 6.95 273.48 -0.34 4.99 196.62
TRANSFER
Sarnia N/A N/A
Pt. Stanley -0.35 6.20 244.08 -0.80 4.53178 1/3
Hamilton -0.19 6.36250 3/8 -0.60 4.73186 1/5
MID SD CRN -0.75 4.58
HI SD CRN -0.70 4.63
*Wet Bid
Bank of Canada Noon exchange rate was 1.0177 up 0.0007
Chicago soybeans closed mixed.
JUL13 HI 15.22 NOV13 HI 13.07
LOW 15.06 LOW 12.88
CLOSE15.16 1/2 Up 6 1/4 CLOSE 12.98 1/4 Down 2 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +AUG1+AUG1+AUG13
CK Low -0.05 15.12 555.38-0.70 12.28 451.30
CK High -0.01 15.16 556.85-0.60 12.38 454.98
CK Average -0.04 -0.3015.13 555.87-0.66-0.8812.33 452.90
Essex Cty -0.05 15.12 555.38-0.48 12.50 459.39
Mdsx Low -0.05 15.12 555.38-0.66 12.32 452.77
Mdsx High 0.00 15.17 557.22-0.65 12.33 453.14
Mdsx Average -0.03 -0.2915.14 556.30-0.66-0.8812.33 452.96
Hensall -0.03 15.14 556.30-0.65 12.33 453.14
Bruce -0.05 15.12 555.38-0.65 12.33 453.14
Putnam N/A -0.50 12.48 458.65
Burford 0.06 15.23 559.42-0.60 12.38 454.98
Port Perry 0.00 15.17 557.22-0.66 12.32 452.77
Norfolk 0.04 15.21 558.69-0.61 12.37 454.61
Palmerston 0.00 15.17 557.22-0.65 12.33 453.14
Varna 0.00 15.17 557.22-0.65 12.33 453.14
Trenton 0.00 15.17 557.22-0.60 12.38 454.98
Winchester -0.25 14.92 548.03-0.42 12.56 461.59
North Gower 0.17 15.34 563.46-0.43 12.55 461.23
Huron FOB 0.15 15.32 562.73-0.55 12.43 456.82
Kent FOB 0.04 15.21 558.69-0.56 12.42 456.45
Lambton FOB 0.04 15.21 558.69-0.56 12.42 456.45
Middlesex FOB0.15 1.17 N/A N/A 15.32 562.73-0.45 12.53 460.49
PROCESSORS
Hamilton 0.42 1.50 1.60 N/A 15.59 572.65-0.10 12.88 473.35
Windsor 0.18 0.92 N/A N/A 15.35 563.83-0.25 12.73 467.84
Winchester N/A N/A
TRANSFER
Hamilton 0.67 N/A N/A N/A 15.84 581.84-6.00 6.98 256.56
Pt. Stanley N/A N/A
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC N/A 0.35 13.33 489.89
Toledo El. 0.07 15.24 559.83-0.39 12.60 462.82
Bank of Canada Noon exchange rate was 1.0177 up 0.0007
Chicago wheat closed slightly lower.
JUL13 HI 6.85 1/2 JUL13 HI 6.85 1/2
LOW 6.76 1/2 LOW 6.76 1/2
CLOSE 6.80 3/4 Down 4 3/4 CLOSE 6.80 3/4 Down 4 3/4
Minni wheat closed slightly lower.
JUL13 HI 8.12 1/2 SEP13 HI 7.95
LOW 8.02 1/2 LOW 7.83 3/4
CLOSE 8.04 Down 8 CLOSE 7.85 1/4 Down 9 3/4
GFO Cash Wheat Prices - DEL Terminal
Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.46 -0.36 -0.46 -0.61
CAD $/bu 6.34 6.45 6.34 7.43
CAD $/tonne 233.13 236.87 233.13 272.84
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 -0.95 -1.15 N/A
London -0.68 -0.53 -0.58 N/A -0.63 -0.94 -1.09 N/A
Hensall -0.50 N/A -0.50 N/A -0.60 N/A -1.10 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 -0.78
Essex N/A N/A N/A N/A N/A N/A -1.04 N/A
Norwich -0.50 N/A -0.50 N/A -0.60 N/A -1.10 N/A
Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A
Kent Bridge -0.55 N/A -0.55 N/A -0.65 N/A -1.10 N/A
Chatham N/A N/A N/A N/A N/A -1.03 -1.08 N/A
Brigden N/A N/A N/A N/A N/A -1.03 -1.08 N/A
Palmerston N/A -0.46 -0.59 -0.63 N/A -0.73 -1.13 -0.73
Varna -0.50 -0.55 -0.55 N/A -0.75 -1.05 -1.15 N/A
Mitchell -0.50 -0.55 -0.50 N/A -0.60 -1.00 -1.10 N/A
Thornton N/A N/A N/A -1.32 N/A N/A N/A N/A
North Gower N/A N/A N/A -0.60 N/A N/A N/A -0.77
TERMINAL
Sarnia N/A N/A N/A N/A N/A N/A N/A N/A
Hamilton N/A N/A -0.65 N/A N/A N/A -0.71 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 N/A N/A 0.42N/A 0.12N/A
Toledo El. N/A 6.68US 6.79CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.29 -0.39 -0.75 -0.78
CAD $/bu 6.52 6.42 6.06 7.07
CAD $/tonne 239.48 235.75 222.66 259.85
(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 568.47 - 570.68
DDG's FOB Srn & Aylm 275.00 - 280.00
Friday June 14, 2013
Commodity Period Price Weekly Movement
Corn CBOT July 6.47 ½ ↓ 25 cents
Soybeans CBOT July 15.08 ¼ ↓ 22 ½ cents
Wheat CBOT July 6.77 ¼ ↓ 19 ¾ cents
Wheat Minn. July 8.05 ¾ ↓ 17 cents
Wheat Kansas July 7.18 ½ ↓ 20 cents
Canadian $ June 0.98260 ↑ 150 points
CORN
As of June 10, US farmers had planted 95 percent of the expected corn crop. As we have seen with each weekly progress report, the planting rate continues to trail that of the five year average, though it is currently only three points behind. Of the planted corn, 85 percent has emerged at this point and the overall crop condition indicates that 63 percent of the corn crop is in good to excellent condition.
The recent USDA’s World Agricultural Supply and Demand Estimates report raised the 2012-2013 corn carryout while cutting the forecast for the current crop. Nearby futures are reflecting the tight supplies versus expected new crop supplies.
SOYBEANS
Similar to corn, soybean planting continues to lag behind the five year average. Current planting is now 71 percent of the expected crop, compared to the five year average of 84 percent. Close to half of the soybean crop has emerged.
Wet weather has forced delays in planting soybeans, though with more dry weather on the horizon, traders are anticipating that the delays will not be as bad as previously expected. The USDA estimates for new crop soybean Supply and Demand remain unchanged from Mays report.
WHEAT
The wheat market is under pressure not only in sympathy to the corn market but also due to expanding global wheat production. This year, world wheat production is expected to reach 696.9 million tonnes according to the USDA, this represents an increase of 6.1 percent from last year.
2013 Harvest contract prices for June 14, 2013 at noon are as follows:
SWW at $238.41 per tonne ($6.49/bu.), SRW at $221.58 per tonne ($6.03/bu.), HRW at $234.67 per tonne ($6.39/bu.), and HRS at $261.03 per tonne ($7.10/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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