[Farmmarketnews] Thursday Ontario Commodity Report and Weekly GFO Grain Market Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Thu Nov 30 15:28:06 EST 2017
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, November 30
(All Bases in CAD)
Exchange rate was 1.2903 up 0.0056
Chicago corn closed slightly higher.
MAR18 HI 3.57 DEC18 HI 3.88 3/4
LOW 3.52 LOW 3.84 1/4
CLOSE3.55 3/4 Up 2 1/4 CLOSE 3.87 1/4 Up 1
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +MAR18+MAR18+MAR18
CK Low 0.60 4.16 163.67 0.70 4.57 180.01
CK High 0.65 4.21 165.64 0.75 4.62 181.98
CK Avg 0.61 -0.33 4.17 164.00 0.73 -0.29 4.61 181.32
Essex Cty 0.60 4.16 163.67 0.70 4.57 180.01
Mdsx Low 0.60 4.16 163.67 0.75 4.62 181.98
Mdsx High 0.65 4.21 165.64 0.75 4.62 181.98
Mdsx Avg 0.63 -0.32 4.18 164.66 0.75 -0.28 4.62 181.98
Hensall 0.65 4.21 165.64 0.75 4.62 181.98
Bruce 0.65 4.21 165.64 0.75 4.62 181.98
Putnam 0.56 4.12 162.10 0.75 4.62 181.98
Burford 0.65 4.21 165.64 0.75 4.62 181.98
Port Perry 0.60 4.16 163.67 0.75 4.62 181.98
Norfolk 0.60 4.16 163.67 0.75 4.62 181.98
Palmerston 0.65 4.21 165.64 0.70 4.57 180.01
Varna 0.65 4.21 165.64 0.75 4.62 181.98
Trenton 0.65 4.21 165.64 0.85 4.72 185.92
Winchester 1.20 4.76 187.29 0.90 4.77 187.89
North Gower 1.02 4.58 180.21 0.85 4.72 185.92
Huron FOB 0.80 4.36 171.55 0.77 4.64 182.77
Kent FOB 0.80 4.36 171.55 0.75 4.62 181.98
Lamb FOB 0.80 4.36 171.55 0.65 4.52 178.04
Mdsx FOB 0.65 0.65N/A N/A 4.21 165.64 0.75 4.62 181.98
FOB SW Que 1.33 4.89 192.41N/A
Track 1.10 4.66 183.36N/A
PROCESSORS
Chat-Eth N/A N/A 0.95 1.00 0.85 4.72 185.92
Jhnstwn-Eth N/A N/A N/A N/A N/A
Aylmer-Eth N/A N/A 0.95 0.95 0.85 4.72 185.92
Sarn-Eth 0.95 0.90 0.95N/A 4.51 177.45N/A
Kawartha N/A N/A N/A N/A N/A
London-Ing N/A N/A N/A N/A 0.90 4.77 187.89
Pt.Colb-Ing N/A N/A N/A N/A N/A
Cardnl-Ing N/A N/A 1.35 1.40 1.05 4.92 193.79
W O Feed 1.23 4.79 188.55
US Rep 1.25 4.81 189.26
Toledo El. -0.25 3.31 130.40 -0.26 3.62 142.32
MID SD CRN 0.62 1/2 4.18 1/4
HI SD CRN 0.65 4.20 3/4
*Wet Bid
Exchange rate was 1.2903 up 0.0056
Chicago soybeans closed slightly lower.
JAN18 HI 9.93 NOV18 HI 10.04 3/4
LOW 9.85 LOW 9.99 1/4
CLOSE9.85 3/4 Down 6 3/4 CLOSE 10.01 Down 3 1/2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt
ELEVATORS +JAN1+JAN1+MAR18
CK Low 2.04 11.90 437.162.05 12.06 443.13
CK High 2.10 11.96 439.362.10 12.11 444.97
CK Average 2.07 -0.6211.92 438.082.09 -0.6112.10 444.54
Essex Cty 2.05 11.91 437.532.05 12.06 443.13
Mdsx Low 2.04 11.90 437.162.08 12.09 444.23
Mdsx High 2.10 11.96 439.362.15 12.16 446.80
Mdsx Average 2.07 -0.6111.93 438.262.12 -0.5912.13 445.52
Hensall 2.10 11.96 439.362.15 12.16 446.80
Bruce 2.10 11.96 439.362.15 12.16 446.80
Putnam 2.10 11.96 439.362.15 12.16 446.80
Burford 2.11 11.97 439.732.15 12.16 446.80
Port Perry 2.01 11.87 436.062.05 12.06 443.13
Norfolk 2.10 11.96 439.362.05 12.06 443.13
Palmerston 2.10 11.96 439.362.10 12.11 444.97
Varna 2.10 11.96 439.362.15 12.16 446.80
Trenton 2.05 11.91 437.532.10 12.11 444.97
Winchester 2.07 11.93 438.262.00 12.01 441.29
North Gower 1.90 11.76 432.011.80 11.81 433.94
Huron FOB 2.20 12.06 443.042.25 12.26 450.48
Kent FOB 2.15 12.01 441.202.10 12.11 444.97
Lambton FOB 2.10 11.96 439.362.20 12.21 448.64
Middlesex FOB2.18 2.24 2.23 2.26 12.04 442.302.20 12.21 448.64
TRANSFER
Hamilton 2.50 12.36 454.06 N/A
Prescott 2.26 12.12 445.242.22 12.23 449.38
Toledo El. -0.35 9.51 349.40-0.39 9.62 353.62
Exchange rate was 1.2903 up 0.0056
Chicago wheat closed slightly lower.
MAR18 HI 4.39 JUL18 HI 4.64 1/2
LOW 4.30 1/2 LOW 4.56 1/2
CLOSE 4.33 Down 1 3/4 CLOSE 4.58 1/4 Down 1/2
Minni wheat closed slightly lower.
MAR18 HI 6.28 1/4 SEP18 HI 6.30 1/4
LOW 6.18 3/4 LOW 6.26 1/4
CLOSE 6.21 3/4 Down 1 1/2 CLOSE 6.27 1/2 Down 1 3/4
GFO Cash Wheat Prices - DEL Terminal
Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 0.68 0.93 0.81 0.45
CAD $/bu 5.01 5.26 5.14 6.67
CAD $/tonne 183.96 193.44 188.70 245.00
Direct MarkHarvest 2017 Harvest 2018
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 0.80 N/A N/A N/A 0.75 N/A
London 0.67 0.74 0.67 N/A 0.97 0.91 0.78 N/A
Hensall 0.85 N/A 0.85 N/A 0.95 N/A 0.75 N/A
Trenton N/A N/A N/A N/A N/A N/A 0.85 N/A
Bruce 0.85 0.85 0.85 0.04 0.95 0.75 0.75 0.35
Essex N/A N/A N/A N/A N/A N/A 0.78 N/A
Norwich 0.85 N/A 0.85 N/A 0.95 N/A 0.75 N/A
Port Hope N/A N/A 0.61 N/A N/A 0.75 0.75 N/A
Kent Bridge 0.85 N/A 0.85 N/A 0.95 N/A 0.75 N/A
Chatham N/A N/A 0.80 N/A N/A N/A 0.75 N/A
Brigden N/A N/A 0.80 N/A N/A N/A 0.75 N/A
Palmerston N/A 0.85 0.85 N/A N/A 0.75 0.75 N/A
Varna 1.10 0.80 0.80 N/A 0.95 0.75 0.75 N/A
Mitchell 0.85 0.85 0.85 N/A 0.95 0.75 0.75 N/A
Thornton N/A N/A N/A 0.00 N/A N/A N/A N/A
North Gower N/A 0.55 0.55 0.35 N/A 0.90 0.90 0.25
W O Feed 1.44
PROCESSORS
Toledo FM N/A N/A 1.52 N/A N/A N/A 1.32 N/A
Toledo El. 4.04US 5.21CA 4.43US 5.70CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 0.93 0.93 0.86 0.39
CAD $/bu 5.51 5.51 5.45 6.66
CAD $/tonne 202.52 202.52 200.15 244.72
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 472.35
DDG's FOB Srn & Aylm 155.00 - 160.00
--
Ontario Grain Market Commentary for November 29, 2017
By Marty Hibbs, Grain Farmers of Ontario
Wednesday, November 29, 2017 Closing Prices
COMMODITY PERIOD PRICE WEEKLY MOVEMENT
Corn CBOT Mar 3.45 ↓ 05 cents
Soybeans CBOT Jan 9.92 ↓ 05 cents
Wheat CBOT Mar 4.35 ↓ 17 cents
Wheat Minn. Mar 6.23 ↓ 18 cents
Wheat Kansas Mar 4.31 ↓ 06 cents
Chicago Oats Mar 2.63 ↓ 04 cents
Canadian $ Dec .7785 ↑ .80 points
Corn:
We have switched our contract months for corn, oats, and wheat to March, as today is the first notice day for the December contracts. There is nothing much to report except that we did challenge the September 15 lows at $3.35 this week, and again found support on the March contract. The next obvious level of support is seen on both the March contract and weekly charts at the $3.30 level. Below there, the next support level is at the $3 level, should it be tested.
Initial support is still seen at the $3.30 level on the December contract, while overhead resistance is seen at $3.60.
Short term indicators are still negative, and the primary trend is still down.
Soybeans:
The January soybeans contract closed positive again this week, and it looks like it is comfortable in the $10 level, while sitting on the trend line from 2015. A close above $10.25 on the January contract could set us up for some good upside over the next couple of months. The formation on the charts is suggesting a trend reversal in the coming weeks. Until we get a clear indication, we remain neutral; however, we did get the red buy signal on the weekly chart back in October, but we have yet to get any decisive upside movement.
Short term indicators are neutral, and the weekly indicators favour a bullish tone into the New Year. However, the primary trend is still down.
Wheat:
Wheat once again tested the $4.20 support line on the March contract and held nicely. The December contract which becomes a non-evident for trading today, tested the much more important weekly trend line and it also held. At this point in the season we look for subtle hints that the worst is behind us in price and so far we see this to be in-line with our hopes. Once the December futures have been abandoned by the traders, we have only the real participants left in the market and we should start to see some premium flow into the March contract with anticipation of higher prices in the spring. Meanwhile this is definitely still very much a bear market as it has been for the past four plus years.
Solid support is seen at $4.20 on the March futures chart, while initial overhead resistance is viewed at $4.50.
Indicators are showing oversold conditions. Short term indicators are still negative and the primary trend is still down.
Cash Grain prices as of the close, November 29, are as follows:
SWW @ $183.98/MT ($5.01/bu), HRW @ $193.42/MT ($5.26/bu),
HRS @ $244.52/MT ($6.65/bu), SRW @ $188.70/MT ($5.14/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
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20171130/03669adf/attachment-0001.html>
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: corn.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20171130/03669adf/attachment-0001.txt>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: grain.pdf
Type: application/pdf
Size: 263347 bytes
Desc: grain.pdf
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20171130/03669adf/attachment-0002.pdf>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: wheatcom.pdf
Type: application/pdf
Size: 393265 bytes
Desc: wheatcom.pdf
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20171130/03669adf/attachment-0003.pdf>
More information about the Farmmarketnews
mailing list