[Farmmarketnews] Thursday Ontario Commodity Report and Weekly GFO Grain Market Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Thu Dec 27 15:18:38 EST 2018
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 27
(All Bases in CAD)
Exchange rate was 1.3614 up 0.0063
Chicago corn closed slightly higher.
MAR19 HI 3.76 1/2 DEC19 HI 3.98 1/2
LOW 3.73 1/4 LOW 3.95 1/2
CLOSE3.74 1/2 Up 1 1/4 CLOSE 3.96 1/4 Up 1/2
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +MAR19+MAR19+MAY19
CK Low 0.95 4.70 184.83 0.85 4.81 189.46
CK High 0.95 4.70 184.83 0.90 4.86 191.43
CK Avg 0.95 -0.30 4.70 184.83 0.86 -0.41 4.82 189.85
Essex Cty 0.95 4.70 184.83 0.85 4.81 189.46
Mdsx Low 0.95 4.70 184.83 0.85 4.81 189.46
Mdsx High 0.95 4.70 184.83 0.90 4.86 191.43
Mdsx Avg 0.95 -0.30 4.70 184.83 0.88 -0.40 4.84 190.44
Hensall 0.95 4.70 184.83 0.85 4.81 189.46
Bruce 0.95 4.70 184.83 0.85 4.81 189.46
Putnam 0.95 4.70 184.83 0.85 4.81 189.46
Burford 0.95 4.70 184.83 0.90 4.86 191.43
Port Perry 0.95 4.70 184.83 0.90 4.86 191.43
Norfolk 0.95 4.70 184.83 0.85 4.81 189.46
Palmerston 0.90 4.65 182.87 0.85 4.81 189.46
Varna 0.95 4.70 184.83 0.85 4.81 189.46
Trenton 0.95 4.70 184.83 0.85 4.81 189.46
Winchester 1.20 4.95 194.68 1.15 5.11 201.27
North Gower 1.15 4.90 192.71 1.12 5.08 200.09
Huron FOB 1.25 5.00 196.64 0.90 4.86 191.43
Kent FOB 1.25 5.00 196.64 0.90 4.86 191.43
Lamb FOB 1.20 4.95 194.68 1.00 4.96 195.36
Mdsx FOB 1.30N/A N/A N/A 5.05 198.61 0.95 4.91 193.40
FOB SW Que 1.60 5.35 210.42N/A
Track 1.38 5.12 201.57N/A
PROCESSORS
Chat-Eth N/A N/A 1.51 1.45 1.14 5.10 200.88
Jhnstwn-Eth N/A N/A N/A 1.56 1.28 5.24 206.39
Aylmer-Eth N/A N/A 1.55 1.50 1.15 5.11 201.27
Sarn-Eth N/A 1.30 1.35N/A N/A
Kawartha N/A N/A N/A N/A N/A
London-Ing N/A N/A 1.55 1.50 1.10 5.06 199.30
Pt.Colb-Ing N/A N/A N/A N/A N/A*
Cardnl-Ing N/A N/A N/A N/A 1.30 5.26 207.18
W O Feed 1.71 5.45 214.68
US Rep 1.97 5.72 224.99
Toledo El. -0.16 3.58 141.00 -0.27 3.69 145.29
MID SD CRN 0.95 4.69 1/2
HI SD CRN 0.95 4.69 1/2
*Wet Bid
Exchange rate was 1.3614 up 0.0063
Chicago soybeans closed narrowly mixed.
JAN19 HI 8.76 NOV19 HI 9.31
LOW 8.67 LOW 9.23 1/2
CLOSE8.69 Down 1 CLOSE 9.25 1/4 Down 1/2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt
ELEVATORS +JAN1+MAR1+MAR19
CK Low 2.27 10.96 402.712.40 11.65 428.16
CK High 2.35 11.04 405.652.50 11.75 431.83
CK Average 2.33 -0.5911.02 405.062.44 -0.6511.69 429.55
Essex Cty 2.35 11.04 405.652.50 11.75 431.83
Mdsx Low 2.31 11.00 404.182.40 11.65 428.16
Mdsx High 2.35 11.04 405.652.48 11.73 431.10
Mdsx Average 2.33 -0.6011.02 404.922.44 -0.6511.69 429.63
Hensall 2.30 10.99 403.812.43 11.68 429.07
Bruce 2.35 11.04 405.652.45 11.70 429.99
Putnam 2.35 11.04 405.652.40 11.65 428.16
Burford 2.31 11.00 404.182.48 11.73 431.10
Port Perry 2.27 10.96 402.712.44 11.69 429.63
Norfolk 2.35 11.04 405.652.45 11.70 429.99
Palmerston 2.35 11.04 405.652.35 11.60 426.32
Varna 2.35 11.04 405.652.45 11.70 429.99
Trenton 2.30 10.99 403.812.40 11.65 428.16
Winchester 2.33 11.02 404.922.46 11.71 430.36
North Gower 2.37 11.06 406.392.43 11.68 429.26
Huron FOB 2.40 11.09 407.492.55 11.80 433.67
Kent FOB 2.45 11.14 409.322.45 11.70 429.99
Lambton FOB 2.25 10.94 401.982.55 11.80 433.67
Middlesex FOB2.16 2.36 2.61 2.66 10.85 398.672.60 11.85 435.50
PROCESSORS
Windsor 2.76 N/A N/A N/A 11.45 420.722.96 12.21 448.73
TRANSFER
Hamilton 2.75 11.44 420.352.85 12.10 444.69
Prescott N/A 2.90 12.15 446.53
Toledo El. -0.48 8.21 301.80-0.41 8.84 324.99
Exchange rate was 1.3614 up 0.0063
Chicago wheat closed steady to slightly higher.
MAR19 HI 5.13 JUL19 HI 5.28 3/4
LOW 5.07 1/4 LOW 5.22 1/4
CLOSE 5.10 1/2 Up 1/2 CLOSE 5.25 3/4 Unchanged
Minni wheat closed slightly higher.
MAR19 HI 5.54 3/4 SEP19 HI 5.75 1/2
LOW 5.44 1/2 LOW 5.66 1/2
CLOSE 5.52 1/4 Up 3 CLOSE 5.73 3/4 Up 2 1/2
GFO Cash Wheat Prices - DEL Terminal
Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.37 1.57 1.37 0.84
CAD $/bu 6.47 6.68 6.47 6.36
CAD $/tonne 237.85 245.36 237.85 233.73
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 1.40 N/A N/A N/A 1.30 N/A
London 1.64 1.50 1.43 N/A 1.66 1.52 1.25 N/A
Hensall 1.65 N/A 1.40 N/A 1.70 N/A 1.30 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.25 N/A
Bruce 1.45 1.60 1.40 1.10 1.35 1.50 1.25 1.00
Essex N/A N/A 1.40 N/A N/A N/A 1.30 N/A
Norwich 1.65 N/A 1.40 N/A 1.70 N/A 1.30 N/A
Port Hope N/A N/A 1.40 N/A N/A 1.35 1.30 N/A
Kent Bridge 1.65 N/A 1.40 N/A 1.70 N/A 1.30 N/A
Chatham N/A N/A 1.40 N/A N/A N/A 1.30 N/A
Brigden N/A N/A 1.40 N/A N/A N/A 1.30 N/A
Palmerston N/A 1.50 1.20 0.80 N/A 1.45 1.10 0.80
Varna 1.60 1.60 1.40 N/A 1.35 1.50 1.25 N/A
Mitchell 1.65 1.40 1.40 N/A 1.70 1.45 1.30 N/A
Thornton N/A N/A N/A 0.83 N/A N/A N/A N/A
North Gower N/A 1.30 1.13 0.64 N/A 1.35 1.29 0.55
W O Feed 1.91
PROCESSORS
Toledo FM N/A N/A 2.05 N/A N/A N/A 2.02 N/A
Toledo El. 5.06US 6.88CA 5.11US 6.94CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.41 1.48 1.41 0.77
CAD $/bu 6.67 6.74 6.67 6.51
CAD $/tonne 245.10 247.60 245.10 239.11
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 488.22
DDG's FOB Srn & Aylm 160.00 - 165.00
---
Ontario Grain Market Commentary for December 26, 2018
By Marty Hibbs, Grain Farmers of Ontario
Futures Prices as of close, December 26, 2018
Commodity Period Price Weekly Movement
Corn CBOT Mar 3.73 ↓ 09 cents
Soybeans CBOT Mar 8.83 ↓ 30 cents
Wheat CBOT Mar 5.10 ↓ 12 cents
Wheat Minn. Mar 5.50 ↓ 18 cents
Wheat Kansas Mar 4.95 ↓ 13 cents
Oats CBOT Mar 2.75 ↓ 11 cents
Canadian $ Dec 0.7370 ↓ 0.65 points
Corn:
Corn has pulled back towards the $3.60 support line as the holidays are upon us. The gap has now been filled. Both short- and mid-term indicators are now positive, but the primary trend is still down.
Soybeans:
There was a pullback in the grains again this week and we are now looking to find support at the $8.80 level on the March contract. This is important support and if it fails on a close we should consider a move back to the recent bottom at the $8.40 level.
Short-term indicators are still positive, while the primary trend remains down. Resistance has moved down to the $9.40 - $9.50 level on the March contract.
Wheat:
Overall, the weekly charts still look very constructive and I still feel we will see stronger prices in the spring.
Support is seen at $5 while stiff overhead resistance is at $5.50 on the March futures.
Short-term indicators are bullish, and the primary trend is neutral to bullish.
Harvest 2018 Grain prices as of the close, December 26, 2018 are as follows:
SWW @ $236.82MT ($6.45/bu), HRW @ $244.30/MT ($6.65/bu),
HRS @ $231.84/MT ($6.31/bu), SRW @ $236.82/MT ($6.45/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>
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This Farm Market News product is sponsored by:
Grain Farmers of Ontario
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