[Farmmarketnews] Wednesday Ontario Commodity Report and Weekly Grain Market Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Aug 6 15:47:12 EDT 2014
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, August 6
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1.0926 down 0.0044
Chicago corn closed moderately higher.
SEP14 HI 3.64 DEC14 HI 3.74 3/4
LOW 3.55 1/2 LOW 3.66 1/2
CLOSE3.63 1/4 Up 7 CLOSE 3.74 1/4 Up 7
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +DEC14+DEC14+DEC14
CK Low 0.30 3.93 154.82 -0.05 3.69 145.37
CK High 0.40 4.03 158.75 0.05 3.79 149.30
CK Avg 0.36 0.02 3.99 157.11 0.03 -0.31 3.78 148.65
Essex Cty 0.51 4.14 163.08 0.05 3.79 149.30
Mdsx Low 0.35 3.98 156.78 0.05 3.79 149.30
Mdsx High 0.35 3.98 156.78 0.05 3.79 149.30
Mdsx Avg 0.35 0.01 3.98 156.78 0.05 -0.30 3.79 149.30
Hensall 0.38 4.01 157.77 0.05 3.79 149.30
Bruce 0.35 3.98 156.78 0.05 3.79 149.30
Putnam 0.35 3.98 156.78 0.05 3.79 149.30
Burford 0.35 3.98 156.78 0.05 3.79 149.30
Port Perry 0.30 3.93 154.82 0.05 3.79 149.30
Norfolk 0.40 4.03 158.75 0.05 3.79 149.30
Palmerston N/A 0.05 3.79 149.30
Varna 0.35 3.98 156.78 0.05 3.79 149.30
Trenton 0.45 4.08 160.72 0.05 3.79 149.30
Winchester 0.45 4.08 160.72 0.25 3.99 157.18
North Gower 0.50 4.13 162.69 0.32 4.06 159.93
Huron FOB 0.70 4.33 170.56 0.00 3.74 147.34
Kent FOB 0.40 4.03 158.75 0.05 3.79 149.30
Lamb FOB 0.40 4.03 158.75 0.05 3.79 149.30
Mdsx FOB 0.60 0.60 0.60N/A 4.23 166.63 0.10 3.84 151.27
FOB SW Que 1.40 5.03 198.12 0.55 4.29 168.99
Track 0.95 4.58 180.41N/A
PROCESSORS
Chat-Eth 0.70 0.70 0.25 0.25 4.33 170.56 0.25 3.99 157.18
Jhnstwn-Eth N/A N/A N/A N/A N/A
Aylmer-Eth 0.70 0.70 0.25 0.25 4.33 170.56 0.25 3.99 157.18
Sarn-Eth 0.80 0.80 0.80 0.15 4.43 174.50 0.15 3.89 153.24
Cllngwd-Eth N/A N/A N/A N/A N/A*
London-Ing 0.55 0.55 0.65 0.70 4.18 164.66 0.20 3.94 155.21
Pt.Colb-Ing 0.70 0.70 0.75 0.80 4.33 170.56 0.30 4.04 159.15
Cardnl-Ing N/A 0.65 0.75 0.80 0.35 4.09 161.11
W O Feed 1.22 1.12 4.85 191.03
US Rep 1.30 1.20 4.93 194.18
Toledo El. -0.13 3.50 137.84 -0.31 3.44 135.29
TRANSFER
Sarnia N/A N/A
Pt. Stanley N/A N/A
Hamilton 1.00 4.63182 3/8 0.30 4.04159 1/7
MID SD CRN 0.00 3.74 1/4
HI SD CRN 0.05 3.79 1/4
*Wet Bid
Bank of Canada Noon exchange rate was 1.0926 down 0.0044
Chicago soybeans closed slightly higher.
NOV14 HI 10.81 NOV14 HI 10.81
LOW 10.59 1/2 LOW 10.59 1/2
CLOSE10.80 Up 14 1/4 CLOSE 10.80 Up 14 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +AUG1+AUG1+NOV14
CK Low 2.97 13.77 505.960.34 11.14 409.32
CK High 3.05 13.85 508.900.40 11.20 411.53
CK Average 3.03 2.03 13.83 508.100.36 -0.6411.16 410.06
Essex Cty 3.15 13.95 512.570.47 11.27 414.10
Mdsx Low 2.97 13.77 505.960.32 11.12 408.59
Mdsx High 3.05 13.85 508.900.35 11.15 409.69
Mdsx Average 3.01 2.01 13.81 507.430.34 -0.6711.14 409.14
Hensall 3.05 13.85 508.900.38 11.18 410.61
Bruce 3.05 13.85 508.900.35 11.15 409.69
Putnam 3.05 13.85 508.900.35 11.15 409.69
Burford 3.00 13.80 507.060.35 11.15 409.69
Port Perry 2.97 13.77 505.960.32 11.12 408.59
Norfolk 3.05 13.85 508.900.37 11.17 410.43
Palmerston 2.95 13.75 505.230.30 11.10 407.86
Varna N/A 0.35 11.15 409.69
Trenton 3.00 13.80 507.060.35 11.15 409.69
Winchester 3.05 13.85 508.900.76 11.56 424.76
North Gower 3.02 13.82 507.800.72 11.52 423.29
Huron FOB 3.20 14.00 514.410.50 11.30 415.20
Kent FOB 3.00 13.80 507.060.37 11.17 410.43
Lambton FOB 3.00 13.80 507.060.37 11.17 410.43
Middlesex FOB3.33 N/A N/A N/A 14.13 519.190.51 11.31 415.57
PROCESSORS
Hamilton 3.67 3.73 N/A N/A 14.47 531.680.83 11.63 427.33
Windsor 3.37 0.69 N/A N/A 14.17 520.660.69 11.49 422.19
Winchester N/A N/A
TRANSFER
Hamilton 3.83 N/A N/A N/A 14.63 537.560.57 11.37 417.78
Pt. Stanley N/A N/A
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC 2.05 12.85 472.161.50 12.30 451.95
Toledo El. 1.82 12.62 463.88-0.25 10.55 387.60
Bank of Canada Noon exchange rate was 1.0926 down 0.0044
Chicago wheat closed moderately higher.
SEP14 HI 5.72 JUL15 HI 6.26 1/2
LOW 5.52 3/4 LOW 6.11 1/4
CLOSE 5.68 Up 15 1/2 CLOSE 6.24 Up 12 1/4
Minni wheat closed moderately higher.
SEP14 HI 6.49 1/4 JUL15 HI 6.82 1/4
LOW 6.29 LOW 6.72 1/4
CLOSE 6.43 Up 13 3/4 CLOSE 6.80 1/2 Up 12 3/4
GFO Cash Wheat Prices - DEL Terminal
Current Crop 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 0.42 0.74 -0.07 -0.22
CAD $/bu 6.10 6.42 5.61 6.21
CAD $/tonne 224.03 236.07 205.96 228.04
Direct MarkHarvest 2014 Harvest 2015
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 0.60 -0.17 N/A N/A N/A -0.32 N/A
London 0.53 0.58 -0.18 N/A 0.22 0.44 -0.33 N/A
Hensall 0.45 N/A -0.20 N/A 0.15 N/A -0.35 N/A
Trenton N/A N/A -0.10 N/A N/A N/A N/A N/A
Winchester N/A N/A N/A 0.05 N/A N/A N/A N/A
Essex N/A N/A 0.00 N/A N/A N/A -0.40 N/A
Norwich 0.55 N/A -0.20 N/A 0.15 N/A -0.35 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 -0.20 N/A 0.15 N/A -0.35 N/A
Chatham N/A N/A -0.17 N/A N/A N/A -0.35 N/A
Brigden N/A N/A -0.17 N/A N/A N/A -0.35 N/A
Palmerston N/A 0.66 -0.16 -0.26 N/A 0.55 -0.33 N/A
Varna 0.40 0.60 -0.15 N/A 0.10 0.50 -0.35 N/A
Mitchell 0.45 0.55 -0.20 N/A 0.15 0.45 -0.35 N/A
Thornton N/A N/A N/A -0.77 N/A N/A N/A N/A
North Gower N/A N/A N/A -0.28 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 0.35 N/A N/A N/A -0.25 N/A
Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A
PROCESSORS
Toledo FM 1.24N/A 0.85N/A N/A N/A 0.80N/A
Toledo El. 5.70US 6.23CA 6.01US 6.57CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 0.25 0.63 -0.19 -0.35
CAD $/bu 6.49 6.87 6.05 6.45
CAD $/tonne 238.48 252.53 222.42 237.08
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 290.00
Bayport Oats 320.00
Bayport Barley 270.00
FOB Hm Soymeal 601.87 - 606.28
DDG's FOB Srn & Aylm 150.00
Weekly Ontario Grain Market Commentary by Marty Hibbs, Grain Farmers of Ontario
Wednesday, August 6, 2014
COMMODITY PERIOD PRICE WEEKLY MOVEMENT
Corn CBOT Sep 3.63 ↓ 1 cents
Soybeans CBOT Aug 12.37 ↑ 17 cents
Wheat CBOT Sep 5.68 ↑ 39 cents
Wheat Minn. Sep 6.42 ↑ 29 cents
Wheat Kansas Sep 6.56 ↑ 39 cents
Canadian $ Sept 0.9151 ↓ 20 points
CORN:
It’s turning into a challenging year for Eastern Ontario and Quebec corn farmers who are dealing with late crops and lower prices. With weather delays in Eastern Ontario and Quebec, most corn crops are growing well in spite of the delay. However, there is a consensus that there could still be a 20-30 per cent reduction in corn yields this year. A possible bumper crop in the United States, coupled with the sagging price of American corn, could spell trouble for some farmers as our southern neighbours are the largest growers of corn. That excess in from the U.S. is driving the price of corn down in Canada and elsewhere, meaning Canadian growers are getting less for the corn they supply for ethanol production and animal feed. The only positive in all of this is the three per cent drop in the Canadian Dollar in the past month.
SOYBEANS:
The USDA releases its official WASDE numbers on Tuesday August 12. INTL FCStone released U.S. crop estimates yesterday. It is estimating the US soybean crop at 3.865 billion bu., with an average yield of 46 bu/acre. Informa sees 2014 U.S. soybean production at 3.7 billion bu, based on a yield of 44.5 bu/acre and the USDA is forecasting soybean production at a record 3.8 billion bu, with an average yield of 45.2 bu/acre. Soybeans are still in an entrenched downtrend and have fallen more than $2.75 per bushel since their May 1 highs of $15.75 per bushel.
WHEAT:
The winter wheat harvest in Ontario is in full swing and our U.S. counterparts are nearing 95% completion, we are now seeing the big picture with regard to quality and yields. With the September contract experiencing six consecutive days of positive gains, we finally see a buy signal on the short term trade. With this in mind we are now looking for our first upside target and the possibility of the weekly trend changing in the coming weeks. But one step at a time as we see our first line of overhead resistance around the $6.00 area followed by $6.40 based on the September contract.
2014 harvest prices as of the close of August 6 are as follows:
SWW at $224.10/mt ($6.10/bu), HRW at $236.14/mt ($6.43/bu),
HRS at $228.11/mt ($6.21/bu), SRW at $206.03/mt ($5.61/bu).
--
John Jordan
Editor, AgriLink and Farm Market News
University of Guelph, Ridgetown Campus
Tel. 519-674-1500 x 63577
Fax. 519-674-1530
Unsubscribe from newsletter:
www.gfo.ca/Marketing/Daily%20Commodity%20Report.aspx
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: wheatcom.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20140806/e558338c/attachment-0002.txt>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: wheatcom.pdf
Type: application/pdf
Size: 531451 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20140806/e558338c/attachment-0002.pdf>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: wheatcom.doc
Type: application/msword
Size: 364544 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20140806/e558338c/attachment-0001.doc>
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: corn.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20140806/e558338c/attachment-0003.txt>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: grain.pdf
Type: application/pdf
Size: 270084 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20140806/e558338c/attachment-0003.pdf>
More information about the Farmmarketnews
mailing list