[Farmmarketnews] Wednesday Ontario Commodity Report and Grain Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed May 29 16:01:44 EDT 2013
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 29
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1.037 down 0.0001
Chicago corn closed mixed.
JUL13 HI 6.68 1/4 DEC13 HI 5.68
LOW 6.51 1/2 LOW 5.49
CLOSE6.65 Down 1 1/2 CLOSE 5.65 3/4 Up 14 3/4
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +JUL13+SEP13+SEP13
CK Low -0.40 6.25 246.05 -0.75 4.91 193.20
CK High -0.30 6.35 249.99 -0.70 4.96 195.17
CK Avg -0.36 -0.60 6.29 247.69 -0.74 -0.95 4.92 193.53
Essex Cty -0.30 6.35 249.99 -0.75 4.91 193.20
Mdsx Low -0.40 6.25 246.05 -0.75 4.91 193.20
Mdsx High -0.35 6.30 248.02 -0.75 4.91 193.20
Mdsx Avg -0.38 -0.62 6.28 247.04 -0.75 -0.96 4.91 193.20
Hensall -0.40 6.25 246.05 -0.75 4.91 193.20
Bruce -0.40 6.25 246.05 -0.75 4.91 193.20
Putnam N/A -0.70 4.96 195.17
Burford -0.40 6.25 246.05 -0.75 4.91 193.20
Port Perry -0.40 6.25 246.05 -0.80 4.86 191.23
Norfolk -0.40 6.25 246.05 -0.75 4.91 193.20
Palmerston -0.45 6.20 244.08 -0.75 4.91 193.20
Varna -0.45 6.20 244.08 -0.75 4.91 193.20
Trenton -0.35 6.30 248.02 -0.75 4.91 193.20
Winchester -0.35 6.30 248.02 -0.50 5.16 203.04
North Gower -0.58 6.07 238.97 -0.48 5.18 203.83
Huron FOB -0.30 6.35 249.99 -0.70 4.96 195.17
Kent FOB -0.35 6.30 248.02 -0.75 4.91 193.20
Lamb FOB -0.35 6.30 248.02 -0.75 4.91 193.20
Mdsx FOB -0.30 -0.30 0.40 0.55 6.35 249.99 -0.75 4.91 193.20
FOB SW Que -0.05 6.60 259.83 -0.33 5.33 209.73
Track 0.03 6.68 262.78N/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 -0.25 0.50 0.55 -0.55 5.11 201.07
Sarn-Eth N/A -0.30 0.60 0.75 N/A
Cllngwd-Eth N/A N/A N/A N/A N/A*
London-Ing N/A N/A N/A 0.90 -0.50 5.16 203.04
Pt.Colb-Ing N/A N/A N/A 0.80 -0.45 5.21 205.01
Cardnl-Ing N/A N/A N/A N/A -0.45 5.21 205.01
W O Feed 0.07 0.03 6.72 264.55
US Rep 0.62 0.58 7.27 286.21
Toledo El. 0.40 7.05 277.71 -0.34 5.32 209.26
TRANSFER
Sarnia N/A N/A
Pt. Stanley -0.40 6.25 246.05 -0.75 4.91193 1/5
Hamilton N/A -0.40 5.26207
MID SD CRN -0.72 1/2 4.93 1/4
HI SD CRN -0.70 4.95 3/4
*Wet Bid
Bank of Canada Noon exchange rate was 1.037 down 0.0001
Chicago soybeans closed mixed.
JUL13 HI 15.19 NOV13 HI 12.95
LOW 14.90 LOW 12.79
CLOSE15.01 3/4 Down 7 1/2 CLOSE 12.88 1/2 Up 1/2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +JUL1+JUL1+AUG13
CK Low 0.46 15.48 568.70-0.40 12.49 458.75
CK High 0.58 15.60 573.11-0.35 12.54 460.58
CK Average 0.52 -0.0315.54 571.03-0.38-0.8512.51 459.66
Essex Cty 0.58 15.60 573.11-0.24 12.65 464.62
Mdsx Low 0.43 15.45 567.60-0.40 12.49 458.75
Mdsx High 0.50 15.52 570.17-0.35 12.54 460.58
Mdsx Average 0.47 -0.0815.48 568.88-0.38-0.8512.51 459.66
Hensall 0.53 15.54 571.09-0.35 12.54 460.58
Bruce 0.50 15.52 570.17-0.35 12.54 460.58
Putnam N/A -0.50 12.39 455.07
Burford 0.46 15.48 568.70-0.38 12.51 459.48
Port Perry 0.45 15.47 568.33-0.39 12.50 459.11
Norfolk 0.63 15.65 574.95-0.30 12.59 462.42
Palmerston 0.50 15.52 570.17-0.40 12.49 458.75
Varna 0.50 15.52 570.17-0.40 12.49 458.75
Trenton 0.40 15.42 566.50-0.35 12.54 460.58
Winchester 0.37 15.39 565.39-0.19 12.70 466.46
North Gower 0.54 15.56 571.64-0.18 12.71 466.83
Huron FOB 0.67 15.69 576.42-0.25 12.64 464.26
Kent FOB 0.58 15.60 573.11-0.35 12.54 460.58
Lambton FOB 0.58 15.60 573.11-0.35 12.54 460.58
Middlesex FOB0.68 0.68 0.78 N/A 15.70 576.78-0.22 12.67 465.36
PROCESSORS
Hamilton 1.05 1.05 1.15 N/A 16.07 590.380.15 13.04 478.95
Windsor 0.81 0.81 0.76 N/A 15.83 581.56-0.01 12.88 473.08
Winchester N/A N/A
TRANSFER
Hamilton 0.85 N/A N/A N/A 15.87 583.030.18 13.07 480.06
Pt. Stanley N/A N/A
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC 0.00 15.02 551.800.65 13.54 497.33
Toledo El. 0.07 15.09 554.46-0.39 12.49 458.97
Bank of Canada Noon exchange rate was 1.037 down 0.0001
Chicago wheat closed slightly higher.
JUL13 HI 7.04 JUL13 HI 7.04
LOW 6.88 3/4 LOW 6.88 3/4
CLOSE 7.02 3/4 Up 9 CLOSE 7.02 3/4 Up 9
Minni wheat closed slightly higher.
JUL13 HI 8.17 3/4 SEP13 HI 8.07 3/4
LOW 8.07 1/2 LOW 7.98 1/4
CLOSE 8.15 3/4 Up 9 1/4 CLOSE 8.05 Up 6 3/4
GFO Cash Wheat Prices - DEL Terminal
Current Crop 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.52 -0.42 -0.52 -0.70
CAD $/bu 6.51 6.61 6.51 7.46
CAD $/tonne 239.10 242.91 239.10 274.14
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 -0.50 N/A N/A -0.87 -1.05 N/A
London -0.44 -0.50 -0.55 N/A -0.50 -0.81 -0.96 N/A
Hensall -0.45 N/A -0.50 N/A -0.60 N/A -1.05 N/A
Trenton N/A N/A N/A N/A N/A N/A -1.17 N/A
Winchester N/A N/A N/A N/A N/A N/A N/A -0.88
Essex N/A N/A -0.37 N/A N/A N/A -0.98 N/A
Norwich -0.45 N/A -0.50 N/A -0.60 N/A -1.05 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 -1.05 N/A
Chatham N/A -0.46 -0.51 N/A N/A -0.90 -0.95 N/A
Brigden N/A -0.46 -0.51 N/A N/A -0.90 -0.95 N/A
Palmerston N/A -0.35 -0.49 -0.35 N/A -0.63 -1.09 -0.61
Varna -0.45 -0.50 -0.50 N/A -0.60 -0.90 -1.00 N/A
Mitchell -0.45 -0.55 -0.50 N/A -0.60 -0.90 -1.05 N/A
Thornton N/A N/A N/A -1.09 N/A N/A N/A N/A
North Gower N/A N/A N/A -0.68 N/A N/A N/A -0.62
TERMINAL
Sarnia N/A N/A N/A N/A N/A N/A N/A N/A
Hamilton N/A N/A -0.25 N/A N/A N/A -0.57 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 0.21N/A 0.57N/A 0.15N/A
Toledo El. 6.90US 7.15CA 6.90US 7.15CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.16 -0.16 -0.62 -0.64
CAD $/bu 6.87 6.87 6.40 7.41
CAD $/tonne 252.43 252.43 235.29 272.33
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 340.00 - 347.00
Bayport Oats 315.00
Bayport Barley 320.00
FOB Hm Soymeal 563.62 - 575.75
DDG's FOB Srn & Aylm 250.00
--
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
Wednesday May 29, 2013
Commodity Period Price Weekly Movement
Corn CBOT July 6.65 ↑ 6 ½ cents
Soybeans CBOT July 15.01 ¾ ↑ 7 ½ cents
Wheat CBOT July 7.02 ¾ ↑ 14 ¼ cents
Wheat Minn. July 8.15 ¾ ↑ 8 cents
Wheat Kansas July 7.47 ¾ ↑ 4 ½ cents
Canadian $ June 0.96470 ↓ 19 points
CORN
The United States Agricultural Department (USDA) announced that corn planting was 86 percent complete as of May 26. This is up 15 percentage points from last week though still lagging behind the five year average completion rate of 90 percent.
Rains in parts of the Corn Belt will slow down remaining plantings and along with this is the risk of flooding that could harm crops in low lying areas. Traders are once again weighing the possibility of acreage loss.
SOYBEANS
The USDA reported that 44 percent of the soybeans crop was planted as of May 26, and is the slowest pace since 1996. The five year average is 61 percent complete. There is concern that the recent rains could further delay soybean plantings.
Current US stocks of soybeans remain tight. In fact there is talk of importing south American soybeans into the US in order to meet demand of soybeans and soymeal for livestock. Soymeal is a key source of protein for chicken and hogs.
WHEAT
While rain in the Corn Belt is slowing planting, a lack of rain in the plains and the accompanying hot weather have given some recent strength to the wheat market. The USDA reported that 33 percent of the winter wheat was in good to excellent condition, a slight dip from 35% a week ago.
Delays in spring wheat planting are also contributing to the upswing in the wheat market. Spring wheat planting was 79 percent complete, down from the five-year average of 86 percent, as heavy rain fell in North Dakota during the past week.
2013 Harvest contract prices for May 29, 2013 at market close are as follows:
SWW at $ 252.19 per tonne ($ 6.86 /bu.), SRW at $ 235.06 per tonne ($ 6.40 /bu.), HRW at $ 252.19 per tonne ($ 6.86 /bu.), and HRS at $ 272.07 per tonne ($ 7.40 /bu.).
-------------- next part --------------
A non-text attachment was scrubbed...
Name: wheatcom.docx
Type: application/vnd.openxmlformats-officedocument.wordprocessingml.document
Size: 322814 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20130529/e10eab79/attachment-0001.bin>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: wheatcom.pdf
Type: application/pdf
Size: 225744 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20130529/e10eab79/attachment-0002.pdf>
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: wheatcom.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20130529/e10eab79/attachment-0002.txt>
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: corn.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20130529/e10eab79/attachment-0003.txt>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: grain.pdf
Type: application/pdf
Size: 269262 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20130529/e10eab79/attachment-0003.pdf>
More information about the Farmmarketnews
mailing list