[Farmmarketnews] Wednesday Ontario Commodity Report
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Apr 1 15:37:25 EDT 2015
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, April 1
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1.2612 down 0.0081
Chicago corn closed moderately higher.
MAY15 HI 3.82 1/4 DEC15 HI 4.07
LOW 3.74 LOW 3.98 3/4
CLOSE3.81 3/4 Up 5 1/2 CLOSE 4.06 3/4 Up 6
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +MAY15+JUL15+SEP15
CK Low 0.80 4.62 181.78 0.40 4.47 175.88
CK High 0.80 4.62 181.78 0.45 4.52 177.85
CK Avg 0.80 -0.21 4.62 181.78 0.44 -0.63 4.51 177.52
Essex Cty 0.80 4.62 181.78 0.40 4.47 175.88
Mdsx Low 0.80 4.62 181.78 0.45 4.52 177.85
Mdsx High 0.80 4.62 181.78 0.45 4.52 177.85
Mdsx Avg 0.80 -0.21 4.62 181.78 0.45 -0.62 4.52 177.85
Hensall 0.80 4.62 181.78 0.48 4.54 178.83
Bruce 0.80 4.62 181.78 0.45 4.52 177.85
Putnam N/A 0.45 4.52 177.85
Burford 0.80 4.62 181.78 0.45 4.52 177.85
Port Perry 0.80 4.62 181.78 0.50 4.57 179.81
Norfolk 0.80 4.62 181.78 0.45 4.52 177.85
Palmerston N/A 0.40 4.47 175.88
Varna 0.80 4.62 181.78 0.50 4.57 179.81
Trenton 0.95 4.77 187.69 0.60 4.67 183.75
Winchester 1.00 4.82 189.66 0.95 5.02 197.53
North Gower 0.97 4.79 188.48 0.95 5.02 197.53
Huron FOB 0.90 4.72 185.72 0.55 4.62 181.78
Kent FOB 0.80 4.62 181.78 0.45 4.52 177.85
Lamb FOB 0.80 4.62 181.78 0.45 4.52 177.85
Mdsx FOB 0.80 0.80 0.80 0.80 4.62 181.78 0.45 4.52 177.85
FOB SW Que N/A N/A
Track 1.18 4.99 196.55N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A 0.75 4.82 189.66
Jhnstwn-Eth N/A N/A N/A N/A 0.93 5.00 196.74
Aylmer-Eth 0.90 0.90 0.95 1.05 4.72 185.72 N/A
Sarn-Eth 1.10 1.10 1.10N/A 4.92 193.59N/A
Cllngwd-Eth N/A N/A N/A N/A N/A*
London-Ing N/A N/A 1.20 1.20 0.90 4.97 195.56
Pt.Colb-Ing N/A N/A N/A N/A 0.90 4.97 195.56
Cardnl-Ing N/A N/A N/A N/A 1.05 5.12 201.47
W O Feed 1.21 0.88 5.03 197.92
US Rep 1.30 0.97 5.12 201.47
Toledo El. -0.08 3.74 147.30 -0.48 3.59 141.23
TRANSFER
Sarnia N/A N/A
Pt. Stanley N/A N/A
Hamilton N/A N/A
MID SD CRN 0.80 4.61 3/4
HI SD CRN 0.80 4.61 3/4
*Wet Bid
Bank of Canada Noon exchange rate was 1.2612 down 0.0081
Chicago soybeans closed moderately higher.
MAY15 HI 9.91 3/4 NOV15 HI 9.73 3/4
LOW 9.72 3/4 LOW 9.55
CLOSE9.89 3/4 Up 16 1/2 CLOSE 9.72 3/4 Up 17 1/2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +MAY1+MAY1+AUG15
CK Low 1.80 11.70 429.811.60 11.33 416.21
CK High 2.00 11.90 437.161.75 11.48 421.73
CK Average 1.87 -0.7411.77 432.321.64 -0.9211.37 417.75
Essex Cty 2.09 11.99 440.471.92 11.65 427.97
Mdsx Low 1.85 11.75 431.651.58 11.31 415.48
Mdsx High 1.85 11.75 431.651.65 11.38 418.05
Mdsx Average 1.85 -0.7611.75 431.651.62 -0.9511.34 416.77
Hensall 1.85 11.75 431.651.65 11.38 418.05
Bruce 1.85 11.75 431.651.65 11.38 418.05
Putnam N/A 1.65 11.38 418.05
Burford 1.88 11.78 432.751.61 11.34 416.58
Port Perry 1.85 11.75 431.651.58 11.31 415.48
Norfolk 1.84 11.74 431.281.60 11.33 416.21
Palmerston N/A 1.55 11.28 414.38
Varna 1.85 11.75 431.651.65 11.38 418.05
Trenton 1.80 11.70 429.811.55 11.28 414.38
Winchester 2.00 11.90 437.162.00 11.73 430.91
North Gower 1.74 11.64 427.601.84 11.57 425.03
Huron FOB 2.00 11.90 437.161.75 11.48 421.73
Kent FOB 1.84 11.74 431.281.60 11.33 416.21
Lambton FOB 1.84 11.74 431.281.60 11.33 416.21
Middlesex FOB N/A 1.96 1.96 N/A 1.69 11.42 419.52
PROCESSORS
Hamilton 2.12 2.41 N/A N/A 12.02 441.572.19 11.92 437.89
Windsor 2.30 2.37 2.39 2.40 12.20 448.182.13 11.86 435.69
Winchester N/A N/A
TRANSFER
Hamilton N/A N/A
Pt. Stanley N/A N/A
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC N/A N/A
Toledo El. -0.08 9.82 360.89-0.42 9.31 342.11
Bank of Canada Noon exchange rate was 1.2612 down 0.0081
Chicago wheat closed higher.
MAY15 HI 5.29 JUL15 HI 5.30
LOW 5.06 LOW 5.08
CLOSE 5.28 1/2 Up 16 3/4 CLOSE 5.29 1/2 Up 15 1/2
Minni wheat closed higher.
MAY15 HI 5.92 1/4 SEP15 HI 6.03 1/2
LOW 5.70 3/4 LOW 5.83 1/4
CLOSE 5.90 1/2 Up 14 1/2 CLOSE 6.01 3/4 Up 13 1/2
GFO Cash Wheat Prices - DEL Terminal
Current Crop 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 2.40 1.96 1.45 1.11
CAD $/bu 7.69 7.24 6.74 7.02
CAD $/tonne 282.45 266.20 247.63 257.85
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 N/A 1.25 N/A N/A 1.50 0.87 N/A
London 2.35 1.59 1.21 N/A 1.36 1.36 0.79 N/A
Hensall 2.35 N/A 1.30 N/A 1.45 N/A 0.80 N/A
Trenton N/A N/A N/A N/A N/A N/A 0.80 N/A
Winchester N/A N/A N/A N/A N/A N/A N/A 0.40
Essex N/A N/A 1.30 N/A N/A N/A 0.80 N/A
Norwich 2.35 N/A 1.30 N/A 1.55 N/A 0.90 N/A
Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A
Kent Bridge 2.35 N/A 1.30 N/A 1.55 N/A 0.80 N/A
Chatham N/A N/A N/A N/A N/A 1.50 0.82 N/A
Brigden N/A N/A N/A N/A N/A N/A 0.82 N/A
Palmerston N/A N/A N/A N/A N/A 1.45 0.80 0.80
Varna 2.35 1.85 1.25 N/A 1.45 1.45 0.80 N/A
Mitchell 2.35 1.90 1.30 N/A 1.45 1.45 0.80 N/A
Thornton N/A N/A N/A 0.34 N/A N/A N/A N/A
North Gower N/A N/A N/A N/A N/A N/A N/A 1.38
TERMINAL
Sarnia N/A N/A N/A N/A N/A N/A N/A N/A
Hamilton N/A N/A N/A N/A N/A N/A N/A N/A
Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A
PROCESSORS
Toledo FM 3.67N/A 1.52N/A N/A N/A 1.65N/A
Toledo El. 5.36US 6.76CA 5.37US 6.78CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.46 1.96 1.27 1.39
CAD $/bu 6.75 7.26 6.56 7.41
CAD $/tonne 248.10 266.67 241.14 272.35
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 290.00
Bayport Oats 300.00
Bayport Barley 275.00
FOB Hm Soymeal 520.19 - 531.21
DDG's FOB Srn & Aylm 250.00 - 255.00
--
Wednesday, April 1, 2015
COMMODITY PERIOD PRICE WEEKLY MOVEMENT
Corn CBOT May 3.81 ↓ 14 cents
Soybeans CBOT May 9.89 ↑ 10 cents
Wheat CBOT May 5.29 ↑ 10 cents
Wheat Minn. May 5.91 ↑ 10 cents
Wheat Kansas May 5.73 ↑ 10 cents
Canadian $ June .7927 ↓ .50 points
CORN:
The U.S. Department of Agriculture (USDA) stunned markets on Tuesday, March 31 when, in long-awaited data on grain inventories, it pegged domestic corn inventories at 7.745 billion bushels. This is nearly one billion bushels above what the average investor had anticipated and the largest March 1 corn stockpile since 1987. The data, which sent corn futures plunging five per cent, suggests that corn consumption has been lower than expected, with volumes used in livestock feed the most likely source of disappointment considering that export and ethanol markets consumption are closely monitored.
On the charts: May corn suffered a disastrous technical session post-report on March 31, falling from a five and a half week high of $3.98 1/2 to a weak close at $3.76 1/4. Support now stands at our recent lows of $3.67 and below that we see the next major support level at the $3.55 area based on the May contract.
SOYBEANS:
The USDA reported soybean stocks at 1.334 billion bushels, right in the middle of the figures for the last 10 years, though Q2 usage set another record at 1.194 billion bushels.
On the charts:
May soybeans took out the recent bottom at $9.53 1/4 on March 31, the lowest contract and spot figure since October. Once done, we rallied strongly and formed an outside day reversal pattern. This is fairly bullish, however, a close above the $10 level is necessary to get any signals worthy of getting noticing. As I have said many times this year, the soybeans are in a deeply entrenched bear market and it will take a lot of work to turn these charts positive. For the time being, I am still viewing rallies as selling opportunities. Once we start charting bullish signals, I will re-evaluate my analysis. As of the first of April, all three indicators are still negative.
WHEAT:
The May wheat contract reversed the big-time gain seen on March 30 with an 18 1/2- cent loss post-report on March 31. The USDA reported the area of all wheat planted for 2015 is estimated at 55.4million acres, down three per cent from 2014. The 2015 winter wheat planted area, at 40.8 million acres, is down four per cent from last year but up less than one per cent from the previous estimate. The report was neutral to slightly supportive for the wheat.
On the charts: Although the USDA report sent corn reeling, the May wheat chart took it without any significant damage. This was possibly due to the robust rally during the previous session. Support is now seen at $5 on the lead month contract and again at the recent lows of $4.80. The nearby chart looks constructive and the double bottom is forming nicely. Short term indicators remain neutral while the main trend is still down and intact.
Grain Farmers of Ontario is hosting a series of “Marketing Seminars” with a focus on futures trading during the month of April. These seminars are free for Grain Farmers of Ontario members. Locations include Avonmore, Belleville, Brantford, Guelph, London, Stratford, New Liskeard, and Oungah.
For a complete list of dates, log on to our website www.gfo.ca/marketing or call Marty Hibbs at 519-767-4123 to sign up. Seating is limited.
2014 CROP CASH PRICES AS OF CLOSE April 1, 2015
SWW @ $282.10/mt ($7.68/bu), SRW @ $247.33/mt ($6.73/bu),
HRW @ $265.87/mt ($7.24/bu), HRS @ $258.22/mt ($7.03/bu).
Marty Hibbs, Grain Farmers of Ontario
--
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
This Farm Market News product is sponsored by:
Grain Farmers of Ontario
-------------- next part --------------
A non-text attachment was scrubbed...
Name: grain.pdf
Type: application/pdf
Size: 267436 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20150401/46f00b79/attachment-0002.pdf>
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: corn.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20150401/46f00b79/attachment-0001.txt>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: wheatcom.pdf
Type: application/pdf
Size: 397472 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20150401/46f00b79/attachment-0003.pdf>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: wheatcom.doc
Type: application/msword
Size: 377856 bytes
Desc: not available
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20150401/46f00b79/attachment-0001.doc>
More information about the Farmmarketnews
mailing list