[Farmmarketnews] Thursday Ontario Commodity Report
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Thu Apr 6 15:17:59 EDT 2017
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, April 6
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1.3409 down 0.0002
Chicago corn closed slightly lower.
MAY17 HI 3.65 1/2 DEC17 HI 3.89 3/4
LOW 3.60 LOW 3.85
CLOSE3.60 3/4 Down 4 CLOSE 3.86 Down 3 1/4
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +JUL17+JUL17+SEP17
CK Low 0.70 4.31 169.58 0.80 4.66 183.46
CK High 0.70 4.31 169.58 0.85 4.71 185.42
CK Avg 0.70 -0.39 4.31 169.58 0.81 -0.38 4.67 183.78
Essex Cty 0.55 4.16 163.67 0.75 4.61 181.49
Mdsx Low 0.70 4.31 169.58 0.80 4.66 183.46
Mdsx High 0.70 4.31 169.58 0.85 4.71 185.42
Mdsx Avg 0.70 -0.39 4.31 169.58 0.83 -0.36 4.69 184.44
Hensall 0.73 4.33 170.56 0.88 4.74 186.41
Bruce 0.70 4.31 169.58 0.85 4.71 185.42
Putnam 0.65 4.26 167.61 0.80 4.66 183.46
Burford 0.75 4.36 171.55 0.80 4.66 183.46
Port Perry 0.95 4.56 179.42 0.85 4.71 185.42
Norfolk 0.80 4.41 173.52 0.90 4.76 187.39
Palmerston 0.75 4.36 171.55 0.80 4.66 183.46
Varna 0.70 4.31 169.58 0.85 4.71 185.42
Trenton 1.05 4.66 183.36 0.90 4.76 187.39
Winchester 1.13 4.74 186.51 1.13 4.99 196.45
North Gower 1.07 4.68 184.15 1.00 4.86 191.33
Huron FOB 1.10 4.71 185.33 1.00 4.86 191.33
Kent FOB 1.00 4.61 181.39 0.85 4.71 185.42
Lamb FOB 1.00 4.61 181.39 0.85 4.71 185.42
Mdsx FOB 0.90 0.90 0.95N/A 4.51 177.45 0.80 4.66 183.46
FOB SW Que 1.21 4.82 189.66N/A
Track 1.20 4.81 189.26N/A
PROCESSORS
Chat-Eth 1.20 1.25 1.25 1.25 4.81 189.26 1.00 4.86 191.33
Jhnstwn-Eth N/A N/A N/A N/A 1.18 5.04 198.42
Aylmer-Eth N/A N/A N/A 1.25 1.05 4.91 193.30
Sarn-Eth 1.20 1.30 1.30N/A 4.81 189.26N/A
Kawartha N/A N/A N/A N/A N/A
London-Ing N/A N/A N/A 1.25 0.98 4.84 190.54
Pt.Colb-Ing N/A N/A N/A N/A N/A
Cardnl-Ing N/A N/A N/A N/A 1.10 4.96 195.27
W O Feed 1.37 4.97 195.80
US Rep 1.66 5.27 207.37
Toledo El. -0.12 3.49 137.27 -0.33 3.53 138.77
TRANSFER
Sarnia 1.10 4.71 185.33 0.95 4.81189 1/3
MID SD CRN 0.70 4.30 3/4
HI SD CRN 0.70 4.30 3/4
*Wet Bid
Bank of Canada Noon exchange rate was 1.3409 down 0.0002
Chicago soybeans closed slightly lower.
MAY17 HI 9.46 1/2 NOV17 HI 9.55 3/4
LOW 9.38 1/2 LOW 9.47 1/4
CLOSE9.41 1/2 Down 2 3/4 CLOSE 9.50 3/4 Down 3 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt
ELEVATORS +MAY1+JUL1+JUL17
CK Low 2.55 11.97 439.642.43 11.94 438.63
CK High 2.55 11.97 439.642.50 12.01 441.20
CK Average 2.55 -0.4911.97 439.642.46 -0.5811.96 439.55
Essex Cty 2.55 11.97 439.642.45 11.96 439.36
Mdsx Low 2.55 11.97 439.642.41 11.92 437.89
Mdsx High 2.60 12.02 441.482.50 12.01 441.20
Mdsx Average 2.58 -0.4711.99 440.562.46 -0.5811.96 439.55
Hensall 2.63 12.04 442.392.53 12.03 442.12
Bruce 2.60 12.02 441.482.50 12.01 441.20
Putnam 2.70 12.12 445.152.55 12.06 443.04
Burford 2.66 12.08 443.682.52 12.03 441.93
Port Perry 2.55 11.97 439.642.41 11.92 437.89
Norfolk 2.55 11.97 439.642.55 12.06 443.04
Palmerston 2.60 12.02 441.482.50 12.01 441.20
Varna 2.60 12.02 441.482.50 12.01 441.20
Trenton 2.65 12.07 443.312.55 12.06 443.04
Winchester 2.45 11.87 435.962.65 12.16 446.71
North Gower 2.42 11.84 434.862.49 12.00 440.83
Huron FOB 2.80 12.22 448.822.65 12.16 446.71
Kent FOB 2.65 12.07 443.312.42 11.93 438.26
Lambton FOB 2.65 12.07 443.312.60 12.11 444.87
Middlesex FOB2.72 2.72 N/A N/A 12.14 445.882.58 12.09 444.14
PROCESSORS
Hamilton 3.04 2.97 N/A N/A 12.46 457.642.97 12.48 458.47
N/A N/A N/A
TRANSFER
Prescott 2.63 12.05 442.582.81 12.32 452.59
Sarnia 2.47 11.89 436.702.79 12.30 451.86
Toledo El. -0.36 9.05 332.65-0.52 8.98 330.14
Bank of Canada Noon exchange rate was 1.3409 down 0.0002
Chicago wheat closed moderately lower.
MAY17 HI 4.30 3/4 JUL17 HI 4.43
LOW 4.21 3/4 LOW 4.34 1/2
CLOSE 4.23 1/4 Down 6 1/2 CLOSE 4.36 Down 6 1/2
Minni wheat closed slightly lower.
MAY17 HI 5.25 3/4 SEP17 HI 5.41 1/2
LOW 5.19 1/2 LOW 5.35 1/2
CLOSE 5.21 3/4 Down 2 3/4 CLOSE 5.37 1/2 Down 3
GFO Cash Wheat Prices - DEL Terminal
Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 0.70 0.70 0.70 0.30
CAD $/bu 4.93 4.93 4.93 5.52
CAD $/tonne 181.31 181.31 181.31 202.72
Direct MarkHarvest 2016 Harvest 2017
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 0.70 N/A N/A N/A 0.75 N/A
London 0.80 0.80 0.73 N/A 0.98 N/A 0.78 N/A
Hensall 0.80 N/A 0.70 N/A 0.90 N/A 0.75 N/A
Trenton N/A N/A N/A N/A N/A N/A 0.85 N/A
Bruce 0.80 0.70 0.70 0.40 0.90 0.70 0.75 0.60
Essex N/A N/A 0.62 N/A N/A N/A 0.76 N/A
Norwich 0.80 N/A 0.70 N/A 0.90 N/A 0.75 N/A
Port Hope N/A N/A 0.70 N/A N/A 0.75 0.80 N/A
Kent Bridge 0.80 N/A 0.70 N/A 0.90 N/A 0.75 N/A
Chatham N/A N/A 0.70 N/A N/A N/A 0.75 N/A
Brigden N/A N/A 0.70 N/A N/A N/A 0.75 N/A
Palmerston N/A 0.70 0.70 N/A N/A 0.70 0.75 0.60
Varna 0.80 0.70 0.70 N/A 1.05 0.75 0.75 N/A
Mitchell 0.80 0.70 0.70 N/A 0.90 0.75 0.75 N/A
Thornton N/A N/A N/A 0.26 N/A N/A N/A N/A
North Gower N/A 0.62 0.62 0.11 N/A 1.14 1.14 0.66
W O Feed 1.38
TERMINAL
Sarnia N/A N/A 1.07 N/A N/A N/A 1.12 N/A
Prescott N/A N/A N/A N/A N/A N/A 0.95 N/A
PROCESSORS
Toledo FM N/A N/A 1.44N/A N/A N/A 1.48N/A
Toledo El. 4.33US 5.81CA 4.21US 5.64CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.08 1.08 1.08 0.76
CAD $/bu 5.44 5.44 5.44 6.13
CAD $/tonne 199.89 199.89 199.89 225.25
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 461.55
DDG's FOB Srn & Aylm 175.00
Wednesday, April 5, 2017
COMMODITY
PERIOD
PRICE
WEEKLY MOVEMENT
Corn CBOT
May
3.64 ¾
↑
6 ¼
cents
Soybeans CBOT
May
9.44 ¼
↓
24 ¾
cents
Wheat CBOT
May
4.29 ¾
↓
8 ¾
cents
Wheat Minn.
May
5.24 ½
↓
18 ¾
cents
Wheat Kansas
May
4.21 ¾
↓
1 ½
cents
Chicago Oats
May
2.22 ½
↓
8 ¾
cents
Canadian $
June
0.74645
↓
5
points
CORN:
The U.S. Department of Agriculture released its planting projections on March 31. They have estimated that the U.S. will plant 90 million acres of corn this year. This represents a decrease in acres of approximately 4 percent. The acreage was below expectations and the market has reacted positively with this news.
The USDA’s quarterly stocks update showed corn at 8.616 billion bushels. This came in higher than trade estimates of 8.534 billion bushels. December’s quarterly stocks tallied in at 12.384 billion bushels.
SOYBEANS:
This year the USDA estimates 89.5 million acres of soybeans. This is an increase of 7 per cent from 2016. Due to the perceived high estimate, markets have reacted negatively, falling close to 10 cents per bushel on March 31.
The USDA’s quarterly stocks indicated 1.735 billion bushels of soybeans; the average trade estimate was 1.684 billion bushels. December’s stocks number was 2.895 billion bushels.
WHEAT:
The trade's focus of the USDA's report was on corn and soy beans. Wheat acres are expected to be 46.1 million, the lowest in close to a century. Chicago wheat's prices were supported by the bullish corn planting report, while Minneapolis' futures fell after the report was released.
The quarterly stocks report dated March 31 places wheat stocks at 1.655 billion bushels, trade estimates at 1.627 billion bushels, and December’s stocks numbers were 2.073 billion bushels.
HARVEST 2017 CASH PRICES AS OF CLOSE ON April 5, 2017
SWW @ $203.06/MT ($5.53/bu), HRW @ $203.06/MT ($5.53/bu),
HRS @ $226.68/MT ($6.17/bu), SRW @ $203.06/MT ($5.53./bu).
Todd Austin, Grain Farmers of Ontario
Blair Andrews
Editor, AgriLink and Farm Market News
University of Guelph, Ridgetown Campus
Tel. 519-674-1500<callto:519-674-1500> x 63577
Fax. 519-674-1530<callto:519-674-1530>
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This Farm Market News product is sponsored by:
Grain Farmers of Ontario
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