[Farmmarketnews] Wednesday Ontario Commodity Report
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Jan 14 15:49:27 EST 2015
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 14
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1.1958 up 0.0010
Chicago corn closed slightly to moderately lower.
MAR15 HI 3.86 1/4 DEC15 HI 4.12 1/2
LOW 3.76 LOW 4.04 1/4
CLOSE3.81 Down 4 3/4 CLOSE 4.08 1/2 Down 3 1/2
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +MAR15+MAY15+MAY15
CK Low 0.55 4.36 171.65 0.15 4.24 166.72
CK High 0.55 4.36 171.65 0.15 4.24 166.72
CK Avg 0.55 -0.20 4.36 171.65 0.15 -0.67 4.24 166.72
Essex Cty 0.57 4.38 172.43 0.16 4.25 167.12
Mdsx Low 0.55 4.36 171.65 0.15 4.24 166.72
Mdsx High 0.55 4.36 171.65 0.15 4.24 166.72
Mdsx Avg 0.55 -0.20 4.36 171.65 0.15 -0.67 4.24 166.72
Hensall 0.55 4.36 171.65 0.15 4.24 166.72
Bruce 0.55 4.36 171.65 0.15 4.24 166.72
Putnam 0.55 4.36 171.65 0.15 4.24 166.72
Burford 0.60 4.41 173.61 0.15 4.24 166.72
Port Perry 0.50 4.31 169.68 0.15 4.24 166.72
Norfolk 0.60 4.41 173.61 0.15 4.24 166.72
Palmerston 0.55 4.36 171.65 0.15 4.24 166.72
Varna 0.55 4.36 171.65 0.15 4.24 166.72
Trenton 0.70 4.51 177.55 0.30 4.39 172.63
Winchester 0.90 4.71 185.42 0.40 4.49 176.57
North Gower 0.95 4.76 187.39 0.50 4.59 180.50
Huron FOB 0.65 4.46 175.58 0.15 4.24 166.72
Kent FOB 0.55 4.36 171.65 0.15 4.24 166.72
Lamb FOB 0.55 4.36 171.65 0.15 4.24 166.72
Mdsx FOB 0.55 0.60 0.55 0.60 4.36 171.65 0.15 4.24 166.72
FOB SW Que N/A 0.80 4.89 192.31
Track 0.90 4.71 185.42N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A 0.40 4.49 176.57
Jhnstwn-Eth N/A N/A N/A N/A 0.60 4.69 184.44
Aylmer-Eth N/A N/A N/A 0.75 N/A
Sarn-Eth 0.80 0.85 0.80N/A 4.61 181.49N/A
Cllngwd-Eth N/A N/A N/A N/A N/A*
London-Ing N/A N/A 0.85 0.95 0.40 4.49 176.57
Pt.Colb-Ing N/A N/A N/A N/A 0.40 4.49 176.57
Cardnl-Ing N/A N/A N/A N/A 0.50 4.59 180.50
W O Feed 1.01 0.78 4.82 189.76
US Rep 1.07 0.84 4.88 192.12
Toledo El. -0.19 3.62 142.45 -0.52 3.57 140.51
TRANSFER
Sarnia N/A N/A
Pt. Stanley N/A N/A
Hamilton 0.55 4.36171 2/3 0.45 4.54178 1/2
MID SD CRN 0.55 4.36
HI SD CRN 0.55 4.36
*Wet Bid
Bank of Canada Noon exchange rate was 1.1958 up 0.0010
Chicago soybeans closed slightly higher.
MAR15 HI 10.11 1/2 NOV15 HI 9.93 1/2
LOW 9.92 3/4 LOW 9.75 3/4
CLOSE10.09 1/4 Up 5 1/4 CLOSE 9.91 1/4 Up 4 1/2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +MAR1+MAR1+MAY15
CK Low 1.30 11.39 418.601.05 10.96 402.80
CK High 1.40 11.49 422.281.20 11.11 408.31
CK Average 1.33 -0.6611.43 419.831.11 -0.8711.02 404.95
Essex Cty 1.63 11.72 430.731.50 11.41 419.34
Mdsx Low 1.28 11.37 417.871.08 10.99 403.91
Mdsx High 1.30 11.39 418.601.10 11.01 404.64
Mdsx Average 1.29 -0.7011.38 418.241.09 -0.8911.00 404.27
Hensall 1.33 11.42 419.521.10 11.01 404.64
Bruce 1.30 11.39 418.601.10 11.01 404.64
Putnam 1.40 11.49 422.281.15 11.06 406.48
Burford 1.31 11.40 418.971.11 11.02 405.01
Port Perry 1.28 11.37 417.871.08 10.99 403.91
Norfolk 1.35 11.44 420.441.10 11.01 404.64
Palmerston 1.35 11.44 420.441.10 11.01 404.64
Varna 1.40 11.49 422.281.15 11.06 406.48
Trenton 1.40 11.49 422.281.10 11.01 404.64
Winchester 1.90 11.99 440.651.40 11.31 415.66
North Gower 1.91 12.00 441.021.65 11.56 424.85
Huron FOB 1.55 11.64 427.791.15 11.06 406.48
Kent FOB 1.30 11.39 418.601.10 11.01 404.64
Lambton FOB 1.30 11.39 418.601.10 11.01 404.64
Middlesex FOB1.45 1.51 1.57 N/A 11.54 424.111.25 11.16 410.15
PROCESSORS
Hamilton 1.94 1.95 2.02 N/A 12.03 442.121.68 11.59 425.95
Windsor 1.85 1.85 1.85 1.80 11.94 438.811.72 11.63 427.42
Winchester N/A N/A
TRANSFER
Hamilton 1.95 N/A N/A N/A 12.04 442.491.55 11.46 421.17
Pt. Stanley N/A N/A
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC N/A 2.00 11.91 437.71
Toledo El. -0.25 9.84 361.59-0.46 9.46 347.47
Bank of Canada Noon exchange rate was 1.1958 up 0.0010
Chicago wheat closed moderately lower to lower.
MAR15 HI 5.49 3/4 JUL15 HI 5.58 1/2
LOW 5.36 LOW 5.43 1/4
CLOSE 5.37 3/4 Down 10 1/4 CLOSE 5.45 1/4 Down 12 1/4
Minni wheat closed moderately lower.
MAR15 HI 5.89 3/4 JUL15 HI 6.04
LOW 5.79 LOW 5.94 1/4
CLOSE 5.80 1/2 Down 8 CLOSE 5.95 1/2 Down 8
GFO Cash Wheat Prices - DEL Terminal
Current Crop 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.78 1.36 1.00 0.55
CAD $/bu 7.16 6.74 6.38 6.35
CAD $/tonne 263.04 247.64 234.43 233.44
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 N/A N/A N/A 1.15 0.48 N/A
London 1.91 1.20 0.90 N/A 1.02 1.14 0.42 N/A
Hensall 2.00 N/A 0.95 N/A 1.10 N/A 0.40 N/A
Trenton N/A N/A N/A N/A N/A N/A 0.35 N/A
Winchester N/A N/A N/A N/A N/A N/A N/A N/A
Essex N/A N/A 0.96 N/A N/A N/A 0.41 N/A
Norwich 2.00 N/A 0.95 N/A 1.20 N/A 0.50 N/A
Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A
Kent Bridge 2.00 N/A 0.95 N/A 1.20 N/A 0.40 N/A
Chatham N/A 1.20 0.90 N/A N/A 1.15 0.40 N/A
Brigden N/A N/A 0.90 N/A N/A N/A 0.40 N/A
Palmerston N/A 1.20 0.95 0.30 N/A 1.15 0.40 -0.20
Varna 2.00 1.60 0.95 N/A 1.10 1.10 0.40 N/A
Mitchell 2.00 1.60 0.95 N/A 1.10 1.10 0.40 N/A
Thornton N/A N/A N/A 0.29 N/A N/A N/A N/A
North Gower N/A N/A N/A N/A N/A N/A N/A 0.94
TERMINAL
Sarnia N/A N/A N/A N/A N/A N/A N/A N/A
Hamilton N/A N/A 1.15 N/A N/A N/A 0.78 N/A
Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A
PROCESSORS
Toledo FM 2.98N/A 1.36N/A N/A N/A 1.33N/A
Toledo El. 5.50US 6.58CA 5.52US 6.62CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.09 1.57 0.67 0.77
CAD $/bu 6.54 7.02 6.12 6.72
CAD $/tonne 240.34 257.97 224.91 247.06
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 290.00 - 310.00
Bayport Oats 300.00
Bayport Barley 275.00
FOB Hm Soymeal 508.73 - 517.54
DDG's FOB Srn & Aylm 225.00
--
--
Wednesday, January 14, 2014
COMMODITY PERIOD PRICE WEEKLY MOVEMENT
Corn CBOT Mar 3.82 ↓ 14 cents
Soybeans CBOT Mar 10.11 ↓ 35 cents
Wheat CBOT Mar 5.38 ↓ 39 cents
Wheat Minn. Mar 5.82 ↓ 38 cents
Wheat Kansas Mar 5.74 ↓ 46 cents
Canadian $ Mar 0.83.35 ↓ 110 points
CORN:
The United States Department of Agriculture (USDA) report on January 10 may have proven to be the death blow for our three month rally that started back in early October at $3.30.
On the charts: The gap on the weekly charts at the $4.15 level which we spoke of in the last couple of weeks performed as well as any technical signal could be expected and stopped the bull move in its tracks. Technical support now shows up at he the $3.55-$3.65 based on the March contract.
We now have sell signals on the daily chart while the weekly struggles to stay positive. The monthly charts are still entrenched in a downward trend.
SOYBEANS:
On the charts: With the March beans failing to close above our much touted $10.65 on the March contract during the entire month of December, our hopes of a bear market rally has vanished for the time being. Our focus is once again back to finding if our $9.75 support will hold under another attack by the bears. A close below the $9.75 level could signal a revisit of the $9.00 level once again.
Monday’s USDA report flashed new sell signals and confirmed downtrends in the short, medium, and long term indicators. A close above the $10.65 would be necessary to re-ignite a bullish outlook, even for the short term.
WHEAT:
In an annual assessment of winter wheat seedings, the USDA said that farmers had planted 40.45 million acres, down nearly two million acres over last year.
On the charts: Our 5.50 support on the March contract failed to hold and we are in danger of seeing a weekly sell signal as the futures price is hovering around $5.40 on the March contract as January 14th. Short term signals are negative, while the medium term indicators are flirting with the support line. A close below $5.35 on the March contract could flash a sell signal on the weekly chart and turn the intermediate trend negative. The long term trend remains down.
2014 HARVEST CASH PRICES AS OF CLOSE January 14, 2015
SWW @ $263.08/mt ($7.16/bu), SRW @ $234.48/mt ($6.38/bu),
HRW @ $247.68/mt ($6.74/bu), HRS @ $233.38/mt ($6.35/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
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