[Farmmarketnews] Thursday Ontario Commodity Report
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Thu Jul 2 15:24:23 EDT 2015
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, July 2
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1.2566 up 0.0092
Chicago corn closed moderately higher.
SEP15 HI 4.30 3/4 DEC15 HI 4.39 3/4
LOW 4.18 1/2 LOW 4.27 3/4
CLOSE4.28 1/2 Up 6 CLOSE 4.37 1/4 Up 5 1/2
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +SEP15+DEC15+DEC15
CK Low 0.50 4.79 188.38 0.25 4.62 181.98
CK High 0.55 4.84 190.35 0.35 4.72 185.92
CK Avg 0.53 -0.57 4.82 189.69 0.31 -0.82 4.68 184.28
Essex Cty 0.50 4.79 188.38 0.28 4.65 183.16
Mdsx Low 0.55 4.84 190.35 0.35 4.72 185.92
Mdsx High 0.55 4.84 190.35 0.40 4.77 187.89
Mdsx Avg 0.55 -0.55 4.84 190.35 0.38 -0.75 4.75 186.90
Hensall 0.53 4.81 189.36 0.35 4.72 185.92
Bruce 0.50 4.79 188.38 0.25 4.62 181.98
Putnam 0.50 4.79 188.38 0.25 4.62 181.98
Burford 0.55 4.84 190.35 0.35 4.72 185.92
Port Perry 0.65 4.94 194.28 0.40 4.77 187.89
Norfolk 0.50 4.79 188.38 0.25 4.62 181.98
Palmerston 0.50 4.79 188.38 0.30 4.67 183.95
Varna 0.55 4.84 190.35 0.35 4.72 185.92
Trenton 0.75 5.04 198.22 0.50 4.87 191.82
Winchester 1.05 5.34 210.03 0.90 5.27 207.57
North Gower 1.10 5.39 212.00 0.85 5.22 205.60
Huron FOB 0.78 5.07 199.40 0.40 4.77 187.89
Kent FOB 0.50 4.79 188.38 0.25 4.62 181.98
Lamb FOB 0.50 4.79 188.38 0.25 4.62 181.98
Mdsx FOB 0.65 0.65N/A N/A 4.94 194.28 0.35 4.72 185.92
FOB SW Que N/A N/A
Track 0.98 5.26 207.08N/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 N/A N/A 0.45 4.82 189.85
Sarn-Eth 0.80 0.80 0.85N/A 5.09 200.19N/A
Cllngwd-Eth N/A N/A N/A N/A N/A*
London-Ing N/A 1.00 1.05 1.10 0.60 4.97 195.76
Pt.Colb-Ing N/A 1.00 1.05 1.10 0.60 4.97 195.76
Cardnl-Ing N/A N/A 1.30 1.25 0.95 5.32 209.54
W O Feed 1.08 0.75 5.36 211.05
US Rep 1.25 0.93 5.54 217.90
Toledo El. -0.14 4.15 163.25 -0.38 4.00 157.28
TRANSFER
Sarnia N/A N/A
Pt. Stanley N/A N/A
Hamilton N/A N/A
MID SD CRN 0.30 4.67 1/4
HI SD CRN 0.35 4.72 1/4
*Wet Bid
Bank of Canada Noon exchange rate was 1.2566 up 0.0092
Chicago soybeans closed narrowly mixed.
AUG15 HI 10.47 1/4 NOV15 HI 10.39
LOW 10.29 LOW 10.20
CLOSE10.38 1/4 Down 2 1/2 CLOSE 10.30 1/4 Up 3/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +AUG1+NOV1+NOV15
CK Low 2.10 12.48 458.651.74 12.04 442.49
CK High 2.20 12.58 462.331.85 12.15 446.53
CK Average 2.15 -0.5312.53 460.491.79 -0.8612.09 444.32
Essex Cty 2.35 12.73 467.842.02 12.32 452.77
Mdsx Low 2.10 12.48 458.651.72 12.02 441.75
Mdsx High 2.15 12.53 460.491.80 12.10 444.69
Mdsx Average 2.13 -0.5512.51 459.571.76 -0.8912.06 443.22
Hensall 2.13 12.51 459.571.78 12.08 443.77
Bruce 2.15 12.53 460.491.80 12.10 444.69
Putnam 1.50 11.88 436.611.25 11.55 424.48
Burford 2.13 12.51 459.761.75 12.05 442.85
Port Perry 2.10 12.48 458.651.72 12.02 441.75
Norfolk 2.15 12.53 460.491.80 12.10 444.69
Palmerston 2.05 12.43 456.821.70 12.00 441.02
Varna 2.00 12.38 454.981.65 11.95 439.18
Trenton 2.00 12.38 454.981.65 11.95 439.18
Winchester 2.00 12.38 454.982.00 12.30 452.04
North Gower 1.76 12.14 446.161.86 12.16 446.90
Huron FOB 2.22 12.60 463.061.85 12.15 446.53
Kent FOB 2.15 12.53 460.491.80 12.10 444.69
Lambton FOB 2.15 12.53 460.491.80 12.10 444.69
Middlesex FOB2.33 2.39 N/A N/A 12.71 467.101.96 12.26 450.57
PROCESSORS
Hamilton 2.75 2.88 N/A N/A 13.13 482.542.42 12.72 467.47
Windsor 2.56 2.56 2.60 N/A 12.94 475.562.24 12.54 460.86
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. 0.11 10.50 385.65-0.42 9.89 363.30
Bank of Canada Noon exchange rate was 1.2566 up 0.0092
Chicago wheat closed slightly higher.
SEP15 HI 6.01 JUL16 HI 6.16
LOW 5.74 LOW 5.92 1/2
CLOSE 5.90 1/2 Up 2 CLOSE 6.08 1/4 Up 3 1/2
Minni wheat closed slightly higher.
SEP15 HI 6.32 SEP16 HI 6.55
LOW 6.07 1/4 LOW 6.40
CLOSE 6.24 Up 2 CLOSE 6.48 1/4 Up 1 1/4
GFO Cash Wheat Prices - DEL Terminal
Current Crop 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 3.16 2.09 1.42 1.42
CAD $/bu 9.06 7.99 7.33 7.66
CAD $/tonne 332.96 293.68 269.19 281.44
Direct MarkHarvest 2015 Harvest 2016
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 1.45 0.85 N/A N/A N/A 0.55 N/A
London 3.05 1.48 0.75 N/A 1.22 1.22 0.53 N/A
Hensall 3.10 N/A 0.85 N/A 1.75 N/A 0.55 N/A
Trenton N/A N/A 0.95 N/A N/A N/A 0.45 N/A
Winchester N/A N/A N/A N/A N/A N/A N/A N/A
Essex N/A N/A 0.83 N/A N/A N/A 0.50 N/A
Norwich 3.35 N/A 0.85 N/A 1.75 N/A 0.55 N/A
Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A
Kent Bridge 3.35 N/A 0.85 N/A 1.75 N/A 0.55 N/A
Chatham N/A 1.50 0.85 N/A N/A 1.30 0.55 N/A
Brigden N/A N/A 0.85 N/A N/A N/A 0.55 N/A
Palmerston N/A 1.55 0.70 0.50 N/A 1.25 0.35 0.20
Varna 3.10 1.45 0.85 N/A 1.75 1.30 0.55 N/A
Mitchell 3.10 1.45 0.85 N/A 1.75 1.30 0.55 N/A
Thornton N/A N/A N/A 0.90 N/A N/A N/A N/A
North Gower N/A N/A N/A 1.43 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 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 4.67N/A 1.77N/A N/A N/A 1.82N/A
Toledo El. 5.93US 7.45CA 5.90US 7.42CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.57 1.69 1.06 0.92
CAD $/bu 7.65 7.78 7.15 7.40
CAD $/tonne 281.09 285.71 262.60 271.85
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 290.00 - 320.00
Bayport Oats 270.00
Bayport Barley 275.00
FOB Hm Soymeal 562.63 - 564.83
DDG's FOB Srn & Aylm 200.00 - 205.00
-
Wednesday, July 2, 2015
COMMODITY PERIOD PRICE WEEKLY MOVEMENT
Corn CBOT Sep 4.28 ↑ 55 cents
Soybeans CBOT Sep 10.45 ↑ 75 cents
Wheat CBOT Sep 5.91 ↑ 65 cents
Wheat Minn. Sep 6.21 ↑ 46 cents
Wheat Kansas Sep 5.92 ↑ 17 cents
Canadian $ Sep .7955 ↑ -0.95 points
CORN:
On the charts: The corn contract turned the tables on the trend with a 70 cent run after the United States Department of Agriculture (USDA) report on June 30. At this point we should see some consolidation in prices before we move higher. With all of the grains benefiting from the report, we could be at the start of a good summer rally. Both short and medium term indicators have turned positive and we could see some consolidation or even a pullback before we move higher.
SOYBEANS:
On the charts: We accomplished our upside target of $10.25 after the June 30 USDA report. This was a big week with the price of the August contract trading in a 70 cent range and closing out the week with a gain of 75 cents on the August contract. The long weekend in the U.S has a tendency to be unpredictable with most markets and an upside explosion is as probable as a 50 cent pullback when the markets reopen on July 6.
For now both the short term and medium term trends are pushing hard to the upside and we will find out in a week if this is just a bear market rally or a breakout in most of the grain markets.
WHEAT:
On the charts: This has been a volatile week on the wheat charts. We approached the overhead resistance on the September contract at the $6.25 level and are now poised for a run through it. We could see a descent pullback to the $5.50 level before the assault on the $6.25 resistance line. The charts are really starting to show signs of turning but we are not quite there yet. Support is at the $5.25- $5.50 level and I would need to see a close above the $6.50 before I would get excited. Both short and medium term indicators are now positive but the main trend still needs work.
HARVEST 2015 CROP CASH PRICES AS OF CLOSE June 17, 2015
SWW @ $332.86/MT ($9.06/bu), HRW @ $293.57/MT ($7.99/bu),
HRS @ $280.63/MT ($7.64/bu), SRW @ $269.06/MT ($7.32/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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