[Farmmarketnews] Tuesday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Tue Aug 28 15:34:22 EDT 2018


Editor's note: Now using December 18 future for 2018 Wheat Crop

FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, August 28
(All Bases in CAD)
Exchange rate was 1.2903 down 0.0060
Chicago corn closed moderately lower.

      SEP18   HI 3.47  3/4                    DEC18    HI 3.62  1/2
             LOW 3.40  3/4                            LOW 3.56
            CLOSE3.41   Down 5 3/4                  CLOSE 3.56  1/4  Down 5 1/4

            OLD CROP BASIS                          NEW CROP BASIS
Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt
ELEVATORS        +DEC18+DEC18+DEC18
CK Low       1.20                        4.61 181.49  0.90         4.46 175.68
CK High      1.25                        4.66 183.46  0.95         4.51 177.65
CK Avg       1.23                   0.18 4.64 182.47  0.92 -0.08   4.48 176.34
Essex Cty    1.25                        4.66 183.46  0.90         4.46 175.68
Mdsx Low     1.20                        4.61 181.49  0.90         4.46 175.68
Mdsx High    1.20                        4.61 181.49  0.90         4.46 175.68
Mdsx Avg     1.20                   0.16 4.61 181.49  0.90 -0.09   4.46 175.68
Hensall      1.20                        4.61 181.49  0.90         4.46 175.68
Bruce        1.25                        4.66 183.46  0.95         4.51 177.65
Putnam       1.20                        4.61 181.49  0.90         4.46 175.68
Burford      1.20                        4.61 181.49  0.95         4.51 177.65
Port Perry   1.25                        4.66 183.46  0.95         4.51 177.65
Norfolk      1.25                        4.66 183.46  0.90         4.46 175.68
Palmerston   1.25                        4.66 183.46  0.95         4.51 177.65
Varna        1.20                        4.61 181.49  0.90         4.46 175.68
Trenton      1.30                        4.71 185.42  1.00         4.56 179.62
Winchester   1.08                        4.49 176.76  1.20         4.76 187.49
North Gower  1.20                        4.61 181.49  1.25         4.81 189.46
Huron FOB    1.40                        4.81 189.36  1.01         4.57 180.01
Kent FOB     1.45                        4.86 191.33  0.92         4.48 176.47
Lamb FOB     1.40                        4.81 189.36  1.00         4.56 179.62
Mdsx FOB     1.45N/A   N/A   N/A         4.86 191.33  1.05         4.61 181.59
FOB SW Que   1.95                        5.36 211.01N/A
Track        1.48                        4.89 192.31N/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     1.50  1.20                   1.20         4.76 187.49
Sarn-Eth    N/A    1.30N/A     1.10                   1.10         4.66 183.55
Kawartha    N/A  N/A   N/A   N/A                    N/A
London-Ing  N/A  N/A     1.60  1.25                   1.25         4.81 189.46
Pt.Colb-Ing N/A  N/A   N/A   N/A                    1.45*          5.01 197.33
Cardnl-Ing  N/A  N/A     1.60  1.35                   1.35         4.91 193.40
W O Feed     1.79                        5.20 204.71

US Rep       1.58                        4.99 196.45
Toledo El.  -0.13                        3.28 129.17 -0.32         3.24 127.60


MID SD CRN                                            0.92   1/2   4.48 3/4
HI SD CRN                                             0.95         4.51 1/4
*Wet Bid


Exchange rate was 1.2903 down 0.0060
Chicago soybeans closed slightly to moderately lower.

       NOV18   HI 8.50  1/2           NOV18    HI 8.50  1/2
              LOW 8.33                        LOW 8.33
             CLOSE8.33  1/4  Down 15        CLOSE 8.33  1/4  Down 15

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt
ELEVATORS         +NOV1+NOV1+NOV18
CK Low       2.20                     10.53 387.002.35      10.68 392.51
CK High      2.40                     10.73 394.352.55      10.88 399.86
CK Average   2.31                -0.0810.64 391.112.48 0.08 10.82 397.41
Essex Cty    2.25                     10.58 388.842.45      10.78 396.19
Mdsx Low     2.30                     10.63 390.682.48      10.81 397.29
Mdsx High    2.40                     10.73 394.352.55      10.88 399.86
Mdsx Average 2.35                -0.0510.68 392.512.52 0.11 10.85 398.58
Hensall      2.33                     10.66 391.602.50      10.83 398.03
Bruce        2.25                     10.58 388.842.55      10.88 399.86
Putnam       2.30                     10.63 390.682.45      10.78 396.19
Burford      2.34                     10.67 392.152.52      10.85 398.76
Port Perry   2.27                     10.60 389.582.45      10.78 396.19
Norfolk      2.25                     10.58 388.842.45      10.78 396.19
Palmerston   2.30                     10.63 390.682.40      10.73 394.35
Varna         N/A                                 2.45      10.78 396.19
Trenton       N/A                                 2.55      10.88 399.86
Winchester   2.32                     10.65 391.412.55      10.88 399.86
North Gower  2.27                     10.60 389.582.70      11.03 405.37
Huron FOB    2.35                     10.68 392.512.55      10.88 399.86
Kent FOB     2.30                     10.63 390.682.45      10.78 396.19
Lambton FOB  2.75                     11.08 407.212.85      11.18 410.89
Middlesex FOB2.54 2.54 2.57 2.69      10.87 399.502.57      10.90 400.60

PROCESSORS
Windsor      2.89                     11.22 412.362.83      11.16 410.15

TRANSFER
Hamilton      N/A                                 2.75      11.08 407.21
Prescott     1.87                     10.20 374.882.64      10.97 403.17

Toledo El.   -0.58                     7.75 284.83-0.58      7.75 284.92


Exchange rate was 1.2903 down 0.0060
Chicago wheat closed narrowly mixed.
DEC18      HI         5.29              JUL19   HI         5.59
           LOW    5.18  1/2                     LOW     5.51  1/4
           CLOSE  5.23  1/4  Up  3/4            CLOSE   5.54  1/4  Down  1/4

Minni wheat closed slightly lower.
DEC18      HI     5.86  1/2             SEP19   HI         6.22
           LOW    5.75  3/4                     LOW     6.15  1/4
           CLOSE  5.77   Down 1 3/4             CLOSE   6.15  1/4  Down 3 1/4

GFO Cash Wheat Prices - DEL Terminal
Harvest 18        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.13          1.33            1.13          0.58
CAD $/bu              6.36          6.56            6.36          6.35
CAD $/tonne         233.86        240.97          233.86        233.26


Direct MarkHarvest 2018                 Harvest 2019
           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    0.75    N/A    N/A     N/A    1.00    N/A
London      0.75    0.94   0.62    N/A    1.14    1.14   0.91    N/A
Hensall     0.85    N/A    0.75    N/A    1.20    N/A    1.00    N/A
Trenton      N/A    N/A    0.70    N/A    N/A     N/A    0.95    N/A
Bruce       0.80    1.10   0.75   0.38    1.10    1.25   1.00   0.60
Essex        N/A    N/A    0.85    N/A    N/A     N/A    0.85    N/A
Norwich     0.85    N/A    0.75    N/A    1.20    N/A    1.00    N/A
Port Hope    N/A    0.95   0.75    N/A    N/A     1.20   1.00    N/A
Kent Bridge 0.85    N/A    0.75    N/A    1.20    N/A    1.00    N/A
Chatham      N/A    N/A    0.70    N/A    N/A     N/A    0.95    N/A
Brigden      N/A    N/A    0.70    N/A    N/A     N/A    0.95    N/A
Palmerston   N/A    0.90   0.70   0.33    N/A     1.10   1.05    N/A
Varna       0.85    1.10   0.65    N/A    1.10    1.25   0.90    N/A
Mitchell    0.85    0.95   0.75    N/A    1.20    1.25   1.00    N/A
Thornton     N/A    N/A     N/A   0.08    N/A     N/A     N/A    N/A
North Gower  N/A    0.95   0.80   0.33    N/A     1.12   1.07   0.42
W O Feed                   1.43


PROCESSORS
Toledo FM    N/A    N/A    1.45    N/A    N/A     N/A    1.71    N/A

Toledo El. 5.08US         6.56CA         5.39US         6.93CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 19        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.13          1.20            1.13          0.41
CAD $/bu              6.67          6.74            6.67          6.56
CAD $/tonne         245.20        247.56          245.20        240.95

(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange

FEED GRAINS
FOB Hm Soymeal             476.98
DDG's FOB Srn & Aylm       200.00

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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