[Farmmarketnews] Thursday Ontario Commodity Report and Weekly GFO Grain Market Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Thu Apr 20 15:22:56 EDT 2017
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, April 20
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1.348 up 0.0011
Chicago corn closed slightly lower.
MAY17 HI 3.63 3/4 DEC17 HI 3.88 1/2
LOW 3.57 1/4 LOW 3.81 1/2
CLOSE3.57 3/4 Down 4 CLOSE 3.82 1/2 Down 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 0.75 4.33 170.37 0.95 4.78 187.98
CK High 0.80 4.38 172.33 0.95 4.78 187.98
CK Avg 0.79 -0.33 4.37 172.01 0.95 -0.28 4.78 187.98
Essex Cty 0.55 4.13 162.49 0.85 4.68 184.05
Mdsx Low 0.80 4.38 172.33 0.95 4.78 187.98
Mdsx High 0.80 4.38 172.33 0.95 4.78 187.98
Mdsx Avg 0.80 -0.33 4.38 172.33 0.95 -0.28 4.78 187.98
Hensall 0.80 4.38 172.33 0.95 4.78 187.98
Bruce 0.80 4.38 172.33 1.00 4.83 189.95
Putnam 0.75 4.33 170.37 0.95 4.78 187.98
Burford 0.85 4.43 174.30 0.95 4.78 187.98
Port Perry 1.00 4.58 180.21 0.95 4.78 187.98
Norfolk 0.90 4.48 176.27 1.00 4.83 189.95
Palmerston 0.80 4.38 172.33 0.95 4.78 187.98
Varna 0.80 4.38 172.33 0.95 4.78 187.98
Trenton 1.05 4.63 182.18 0.95 4.78 187.98
Winchester 1.19 4.77 187.69 1.20 5.03 197.83
North Gower 1.14 4.72 185.72 1.08 4.91 193.10
Huron FOB 1.05 4.63 182.18 0.95 4.78 187.98
Kent FOB 1.10 4.68 184.15 0.90 4.73 186.02
Lamb FOB 1.00 4.58 180.21 0.85 4.68 184.05
Mdsx FOB 0.85 0.90 0.90 0.90 4.43 174.30 0.95 4.78 187.98
FOB SW Que 1.20 4.78 188.08N/A
Track 1.23 4.80 189.07N/A
PROCESSORS
Chat-Eth N/A 1.30 1.30 1.27 1.07 4.90 192.71
Jhnstwn-Eth N/A N/A N/A N/A N/A
Aylmer-Eth N/A N/A N/A 1.25 1.05 4.88 191.92
Sarn-Eth N/A 1.25 1.25 1.25 N/A
Kawartha N/A N/A N/A N/A N/A
London-Ing N/A N/A N/A 1.30 1.10 4.93 193.89
Pt.Colb-Ing N/A N/A N/A N/A 1.15 4.98 195.86
Cardnl-Ing N/A N/A N/A N/A 1.25 5.08 199.79
W O Feed 1.36 4.94 194.54
US Rep 1.58 5.16 203.04
Toledo El. -0.12 3.46 136.07 -0.34 3.49 137.33
TRANSFER
Sarnia 1.10 4.68 184.15 0.95 4.78188
MID SD CRN 0.77 1/2 4.35 1/4 0.95 4.77 1/2
HI SD CRN 0.80 4.37 3/4 0.95 4.77 1/2
*Wet Bid
Bank of Canada Noon exchange rate was 1.348 up 0.0011
Chicago soybeans closed slightly lower.
MAY17 HI 9.55 3/4 NOV17 HI 9.62 1/2
LOW 9.46 LOW 9.53
CLOSE9.46 3/4 Down 3 1/2 CLOSE 9.53 3/4 Down 4 1/2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt
ELEVATORS +MAY1+JUL1+JUL17
CK Low 2.60 12.07 443.402.35 11.89 436.79
CK High 2.65 12.12 445.242.40 11.94 438.63
CK Average 2.64 -0.4812.11 444.812.39 -0.6811.93 438.32
Essex Cty 2.65 12.12 445.242.35 11.89 436.79
Mdsx Low 2.63 12.10 444.512.38 11.92 437.89
Mdsx High 2.70 12.17 447.082.45 11.99 440.47
Mdsx Average 2.67 -0.4612.13 445.792.42 -0.6611.95 439.18
Hensall 2.68 12.14 446.162.45 11.99 440.47
Bruce 2.70 12.17 447.082.45 11.99 440.47
Putnam 2.70 12.17 447.082.45 11.99 440.47
Burford 2.74 12.21 448.552.49 12.03 441.93
Port Perry 2.63 12.10 444.512.38 11.92 437.89
Norfolk 2.70 12.17 447.082.50 12.04 442.30
Palmerston 2.65 12.12 445.242.40 11.94 438.63
Varna 2.65 12.12 445.242.45 11.99 440.47
Trenton 2.55 12.02 441.572.45 11.99 440.47
Winchester 2.48 11.95 439.002.73 12.27 450.75
North Gower 2.53 12.00 440.832.66 12.20 448.18
Huron FOB 2.80 12.27 450.752.55 12.09 444.14
Kent FOB 2.75 12.22 448.922.40 11.94 438.63
Lambton FOB 2.60 12.07 443.402.50 12.04 442.30
Middlesex FOB2.80 2.87 N/A N/A 12.27 450.752.59 12.13 445.61
PROCESSORS
Hamilton 3.12 3.05 N/A N/A 12.59 462.513.05 12.59 462.51
N/A N/A N/A
TRANSFER
Prescott 2.76 12.23 449.282.96 12.50 459.20
Sarnia 2.55 12.02 441.572.79 12.33 452.96
Toledo El. -0.31 9.16 336.49-0.57 8.97 329.66
Bank of Canada Noon exchange rate was 1.348 up 0.0011
Chicago wheat closed lower.
MAY17 HI 4.21 3/4 JUL17 HI 4.37
LOW 4.05 1/4 LOW 4.21
CLOSE 4.06 1/4 Down 12 3/4 CLOSE 4.21 3/4 Down 12 3/4
Minni wheat closed moderately lower.
MAY17 HI 5.37 1/4 SEP17 HI 5.52
LOW 5.26 1/2 LOW 5.41 1/4
CLOSE 5.27 Down 10 1/4 CLOSE 5.42 Down 10
GFO Cash Wheat Prices - DEL Terminal
Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 0.67 0.67 0.67 0.35
CAD $/bu 4.73 4.73 4.73 5.62
CAD $/tonne 173.80 173.80 173.80 206.33
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 0.78 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 0.90 N/A
Bruce 0.80 0.70 0.70 0.40 0.90 0.75 0.75 0.60
Essex N/A N/A 0.51 N/A N/A N/A 0.66 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 0.85 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 0.40 N/A 0.75 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 0.19 N/A N/A N/A N/A
North Gower N/A 0.61 0.61 0.18 N/A 1.16 1.16 0.74
W O Feed 1.39
TERMINAL
Sarnia N/A N/A 1.02 N/A 1.36 N/A 1.13 N/A
Prescott N/A N/A N/A N/A N/A N/A 1.04 N/A
PROCESSORS
Toledo FM N/A N/A 1.41N/A N/A N/A 1.46N/A
Toledo El. 3.96US 5.34CA 4.07US 5.48CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.06 1.06 1.06 0.80
CAD $/bu 5.28 5.28 5.28 6.22
CAD $/tonne 193.84 193.84 193.84 228.60
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 455.15
DDG's FOB Srn & Aylm 175.00
------
Ontario Grain Market Commentary for April 19, 2017
By Marty Hibbs, Grain Farmers of Ontario
Wednesday, April 19, 2017 Closing Prices
COMMODITY PERIOD PRICE WEEKLY MOVEMENT
Corn CBOT May 3.62 ↓ 04 cents
Soybeans CBOT May 9.50 ↑ 02 cents
Wheat CBOT May 4.19 ↑ 15 cents
Wheat Minn. May 5.37 ↑ 10 cents
Wheat Kansas May 4.17 ↓ 13 cents
Chicago Oats May 2.18 ↓ 07 cents
Canadian $ June .7420 ↓ 0.95 points
CORN: Corn has tracked sideways for the past three weeks between our $3.50 support and our $3.80 resistance. U.S. corn planting is off to a slow start due to rain, but warmer, drier weather is expected in the eastern Corn Belt next week. Charts are quiet with the major trend still down. Resistance is at the $4 mark while support is seen at $3.50 and $3.40.
Short term indicators are negative and the main trend is still down.
SOYBEANS: Soybean futures prices have dropped from the $10.50 level to our $9.30 support line. That’s a $1.20 drop since our February 22 red sell signal.
News from South America remains negative, while Brazil's soybean harvest is almost 90% complete. Without sounding repetitious, the market is in a major downtrend and rallies should be sold. If the $9.30 support fails and closes below those levels on the lead month chart, our next major support is at the $8.50 level.
Short term indicators are all negative and the main trend is still down.
WHEAT: Our red sell signal from March 13 is still valid as we probe this $4.15 support level on the May contract. Our overhead resistance is now down to $4.45 on the May contract. This coincides with a four-year-old downtrend line. If we are unable to close convincingly above the $4.50 level, we are destined to re-test major support at $4.
Short term indicators are still negative and the primary trend is still down.
Harvest 2017 prices as of the close, April 19 are as follows:
SWW @ $200.30/MT ($5.45/bu), HRW @ $200.30/MT ($5.45/bu),
HRS @ $233.73/MT ($6.36/bu), SRW @ $200.30/MT ($5.45/bu),
----
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>
Click on this link: farmmarketnews-unsubscribe at list.gfo.ca to unsubscribe from this report.
This Farm Market News product is sponsored by:
Grain Farmers of Ontario
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