[Farmmarketnews] Wednesday Ontario Commodity Report and Grain Farmers of Ontario-Grain Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Feb 19 15:26:24 EST 2014
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 19
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1.1045 up 0.0092
Chicago corn closed slightly higher.
MAR14 HI 4.54 1/2 DEC14 HI 4.68 3/4
LOW 4.48 1/4 LOW 4.62 3/4
CLOSE4.53 3/4 Up 4 1/4 CLOSE 4.68 1/4 Up 4 1/2
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +MAY14+MAY14+JUL14
CK Low -0.20 4.34 170.76 -0.25 4.43 174.50
CK High -0.10 4.44 174.70 -0.23 4.45 175.29
CK Avg -0.17 -0.66 4.37 171.94 -0.25 -0.76 4.44 174.70
Essex Cty -0.10 4.44 174.70 -0.25 4.43 174.50
Mdsx Low -0.20 4.34 170.76 -0.25 4.43 174.50
Mdsx High -0.20 4.34 170.76 -0.25 4.43 174.50
Mdsx Avg -0.20 -0.69 4.34 170.76 -0.25 -0.77 4.43 174.50
Hensall -0.19 4.35 171.15 -0.24 4.45 175.09
Bruce -0.20 4.34 170.76 -0.25 4.43 174.50
Putnam -0.15 4.39 172.73 -0.20 4.48 176.47
Burford -0.20 4.34 170.76 -0.25 4.43 174.50
Port Perry -0.25 4.29 168.79 -0.25 4.43 174.50
Norfolk -0.10 4.44 174.70 -0.24 4.44 174.89
Palmerston -0.18 4.36 171.55 -0.25 4.43 174.50
Varna -0.15 4.39 172.73 -0.20 4.48 176.47
Trenton -0.10 4.44 174.70 -0.25 4.43 174.50
Winchester 0.00 4.54 178.63 -0.10 4.58 180.41
North Gower -0.03 4.51 177.45 -0.10 4.58 180.41
Huron FOB -0.18 4.36 171.55 -0.22 4.46 175.68
Kent FOB -0.10 4.44 174.70 -0.24 4.44 174.89
Lamb FOB -0.10 4.44 174.70 -0.24 4.44 174.89
Mdsx FOB -0.20 -0.20 -0.20N/A 4.34 170.76 -0.25 4.43 174.50
FOB SW Que 0.39 4.93 193.99 0.11 4.79 188.67
Track 0.18 4.71 185.52N/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 N/A -0.10 -0.05 N/A
Sarn-Eth -0.10 -0.10N/A N/A 4.44 174.70N/A
Cllngwd-Eth N/A N/A N/A N/A N/A*
London-Ing N/A 0.15 0.20 0.20 -0.45 4.23 166.63
Pt.Colb-Ing N/A N/A 0.25 0.25 -0.40 4.28 168.59
Cardnl-Ing N/A N/A 0.35 0.35 -0.30 4.38 172.53
W O Feed 0.27 0.15 4.81 189.26
US Rep 0.15 0.03 4.69 184.54
Toledo El. -0.14 4.39 172.96 -0.37 4.32 169.91
TRANSFER
Sarnia N/A N/A
Pt. Stanley -0.18 4.36 171.55N/A
Hamilton 0.04 4.58180 1/5 0.03 4.71185 1/2
MID SD CRN -0.15 4.38 3/4
HI SD CRN -0.10 4.43 3/4
*Wet Bid
Bank of Canada Noon exchange rate was 1.1045 up 0.0092
Chicago soybeans closed slightly lower.
MAR14 HI 13.71 3/4 NOV14 HI 11.44
LOW 13.51 LOW 11.31
CLOSE13.54 1/4 Down 6 3/4 CLOSE 11.37 Down 1
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +MAR1+MAR1+MAY14
CK Low 1.00 14.54 534.350.48 11.85 435.41
CK High 1.10 14.64 538.020.60 11.97 439.82
CK Average 1.07 -0.4014.61 536.920.53 -0.7311.90 437.25
Essex Cty 1.38 14.92 548.310.80 12.17 447.17
Mdsx Low 1.05 14.59 536.180.48 11.85 435.41
Mdsx High 1.10 14.64 538.020.50 11.87 436.15
Mdsx Average 1.08 -0.3914.62 537.100.49 -0.7711.86 435.78
Hensall 1.10 14.64 538.020.50 11.87 436.15
Bruce 1.10 14.64 538.020.50 11.87 436.15
Putnam 1.15 14.69 539.860.55 11.92 437.99
Burford 1.08 14.62 537.280.51 11.88 436.52
Port Perry 1.05 14.59 536.180.48 11.85 435.41
Norfolk 1.15 14.69 539.860.50 11.87 436.15
Palmerston 1.00 14.54 534.350.48 11.85 435.41
Varna 1.00 14.54 534.350.45 11.82 434.31
Trenton 1.00 14.54 534.350.40 11.77 432.47
Winchester 1.20 14.74 541.690.80 12.17 447.17
North Gower 0.60 14.14 519.650.60 11.97 439.82
Huron FOB 1.20 14.74 541.690.60 11.97 439.82
Kent FOB 1.10 14.64 538.020.35 11.72 430.64
Lambton FOB 1.10 14.64 538.020.35 11.72 430.64
Middlesex FOB1.28 1.28 N/A N/A 14.82 544.630.67 12.04 442.39
PROCESSORS
Hamilton 1.55 1.60 N/A N/A 15.09 554.551.00 12.37 454.52
Windsor 1.61 1.55 1.42 N/A 15.15 556.761.02 12.39 455.25
Winchester N/A N/A
TRANSFER
Hamilton 1.71 N/A N/A N/A 15.25 560.431.16 12.53 460.40
Pt. Stanley N/A N/A
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC 1.35 14.89 547.211.44 12.81 470.69
Toledo El. 0.13 13.68 502.49-0.37 11.00 404.31
Bank of Canada Noon exchange rate was 1.1045 up 0.0092
Chicago wheat closed slightly higher.
MAR14 HI 6.20 1/2 JUL14 HI 6.17 1/2
LOW 6.09 3/4 LOW 6.08
CLOSE 6.20 1/4 Up 8 1/4 CLOSE 6.17 Up 5 3/4
Minni wheat closed slightly higher.
MAR14 HI 6.84 1/4 SEP14 HI 6.69 1/4
LOW 6.75 LOW 6.64
CLOSE 6.84 Up 4 3/4 CLOSE 6.69 Up 4 1/2
GFO Cash Wheat Prices - DEL Terminal
Current Crop 13 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 0.40 0.73 0.28 -0.15
CAD $/bu 6.60 6.93 6.49 6.69
CAD $/tonne 242.43 254.64 238.35 245.99
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 N/A N/A N/A N/A 0.10 -0.20 N/A
London 0.33 0.50 0.11 N/A 0.11 0.06 -0.28 N/A
Hensall 0.35 N/A 0.10 N/A 0.15 N/A -0.20 N/A
Trenton N/A N/A N/A N/A N/A N/A -0.30 N/A
Winchester N/A N/A N/A N/A N/A N/A N/A N/A
Essex N/A N/A 0.20 N/A N/A N/A -0.12 N/A
Norwich 0.35 N/A 0.10 N/A 0.15 N/A -0.20 N/A
Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A
Kent Bridge 0.35 N/A 0.10 N/A 0.15 N/A -0.20 N/A
Chatham N/A 0.50 0.10 N/A N/A N/A -0.20 N/A
Brigden N/A 0.50 0.10 N/A N/A N/A -0.20 N/A
Palmerston N/A 0.63 0.09 0.28 N/A 0.17 -0.24 -0.07
Varna 0.35 0.50 0.10 N/A 0.10 0.10 -0.25 N/A
Mitchell 0.35 0.50 0.10 N/A 0.15 0.15 -0.20 N/A
Thornton N/A N/A N/A -0.45 N/A N/A N/A N/A
North Gower N/A N/A N/A -0.35 N/A N/A N/A -0.41
TERMINAL
Sarnia N/A N/A N/A N/A N/A N/A N/A N/A
Hamilton N/A N/A 0.55 N/A N/A N/A 0.16 N/A
Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A
PROCESSORS
Toledo FM 1.34N/A 0.84N/A 1.35N/A 0.79N/A
Toledo El. 6.11US 6.78CA 6.14US 6.82CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 0.24 0.46 0.02 -0.04
CAD $/bu 6.41 6.63 6.19 6.65
CAD $/tonne 235.46 243.63 227.30 244.44
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 290.00
Bayport Oats 330.00
Bayport Barley 270.00
FOB Hm Soymeal 620.61 - 622.82
DDG's FOB Srn & Aylm 270.00 - 280.00
____________________________________________________________________________________________
Wednesday February 19, 2014
Commodity Period Price Weekly Movement
Corn CBOT March 4.53 ¾ ↑ 13 ¾ cents
Soybeans CBOT March 13.54 ¼ ↑ 31 ¼ cents
Wheat CBOT March 6.20 ¼ ↑ 33 ¼ cents
Wheat Minn. March 6.82 ½ ↑ 27 ¾ cents
Wheat Kansas March 6.92 ½ ↑ 29 ½ cents
Canadian $ March 0.90260 ↓ 58 points
CORN:
The USDA expects US crop prices to decline in the near term but remain above 2007 levels over the next 10 years, according to its annual baseline projections. These annual projections cover agricultural commodities, agricultural trade, and aggregate indicators of the sector, such as farm income. The USDA’s baseline report starts off this new year of crop forecasting and its initial projections will be updated at the USDA’s Agricultural Outlook Forum on February 21.
Over the next decade, the USDA is estimating that corn acreage will continue to decline each year until the 2017 -18 crop year when the corn crop is projected to stabilize around 88 million acres. Yields are forecast to increase overtime, keeping production in the 14 billion bushel range.
SOYBEANS:
Soybean futures recently rose on news that hot and dry conditions in key soybean growing regions in Brazil have increased concerns over that countries crop condition. AgRural, a Brazilian based industry group, has lowered its estimate for Brazil’s soybean crop by 1.8 million tonnes and now expects a crop of 87 million tonnes, down from their previous estimate of 88.8 million tonnes, and well below that of the USDA’s recent estimate of 90 million tonnes.
Soybean harvest is progressing in Brazil; in Mato Grosso about 12 percent of the region’s soybeans have been harvested. Mato Grosso is expected to produce as much as 28 percent of the total Brazilian production. Soybeans in Rio Grande do Sul, which accounts for approximately 16 percent of the nation’s production, are just past the flowering stage, so precipitation during the next two weeks will be critical for pod fill.
WHEAT:
Wheat futures have shown recent strength, with values climbing back to December levels. Adverse weather in the US is threatening winter wheat crop conditions and setting up possible yield issues for the upcoming crop.
Export demand for wheat has picked up after a sharp drop in prices made supplies from the US less expensive for foreign buyers. US wheat futures had declined while being pressured by rising global production. As prices declined, US wheat became more competitive in global markets.
2013 contract prices for February 19, at the market close, are as follows:
SWW at $242.38 per tonne ($6.60 /bu.), SRW at $238.31 per tonne ($6.49 /bu.), HRW at $254.60 per tonne ($6.93 /bu.), and HRS at $245.33 per tonne ($6.68 /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 --------------
An embedded and charset-unspecified text was scrubbed...
Name: wheatcom.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20140219/1d4e98bc/attachment-0002.txt>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: wheatcom.pdf
Type: application/pdf
Size: 229623 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20140219/1d4e98bc/attachment-0002.pdf>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: wheatcom.docx.doc
Type: application/msword
Size: 361472 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20140219/1d4e98bc/attachment-0001.doc>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: grain.pdf
Type: application/pdf
Size: 269061 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20140219/1d4e98bc/attachment-0003.pdf>
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: corn.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20140219/1d4e98bc/attachment-0003.txt>
More information about the Farmmarketnews
mailing list