[Farmmarketnews] Thursday Ontario Commodity Report and Weekly GFO Grain Market Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Thu Nov 1 15:31:41 EDT 2018
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, November 1
(All Bases in CAD)
Exchange rate was 1.308 down 0.0072
Chicago corn closed slightly higher.
DEC18 HI 3.71 DEC19 HI 4.04 1/4
LOW 3.63 LOW 3.96 3/4
CLOSE3.66 3/4 Up 3 1/2 CLOSE 4.00 Up 2 1/4
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +MAR19+MAR19+MAR19
CK Low 0.65 4.32 169.97 0.75 4.75 187.00
CK High 0.70 4.37 171.94 0.80 4.80 188.97
CK Avg 0.69 -0.33 4.36 171.61 0.77 -0.34 4.77 187.66
Essex Cty 0.70 4.37 171.94 0.75 4.75 187.00
Mdsx Low 0.70 4.37 171.94 0.75 4.75 187.00
Mdsx High 0.70 4.37 171.94 0.80 4.80 188.97
Mdsx Avg 0.70 -0.33 4.37 171.94 0.78 -0.34 4.78 187.98
Hensall 0.68 4.34 170.96 0.80 4.80 188.97
Bruce 0.70 4.37 171.94 0.80 4.80 188.97
Putnam 0.70 4.37 171.94 0.80 4.80 188.97
Burford 0.70 4.37 171.94 0.75 4.75 187.00
Port Perry 0.85 4.52 177.85 0.85 4.85 190.94
Norfolk 0.70 4.37 171.94 0.75 4.75 187.00
Palmerston 0.70 4.37 171.94 0.80 4.80 188.97
Varna 0.65 4.32 169.97 0.80 4.80 188.97
Trenton 0.90 4.57 179.81 0.85 4.85 190.94
Winchester 1.30 4.97 195.56 0.95 4.95 194.87
North Gower 1.25 4.92 193.59 0.95 4.95 194.87
Huron FOB 0.85 4.52 177.85 0.80 4.80 188.97
Kent FOB 1.00 4.67 183.75 0.85 4.85 190.94
Lamb FOB 1.00 4.67 183.75 0.86 4.86 191.33
Mdsx FOB 1.00N/A N/A N/A 4.67 183.75 1.00 5.00 196.84
FOB SW Que 1.37 5.04 198.32N/A
Track 1.25 4.92 193.59N/A
PROCESSORS
Chat-Eth N/A 1.27 1.31 1.36 1.13 5.13 201.96
Jhnstwn-Eth N/A N/A N/A 1.54 1.29 5.29 208.26
Aylmer-Eth 1.25 1.30 1.35 1.35 4.92 193.59 1.10 5.10 200.78
Sarn-Eth 1.20 1.30N/A N/A 4.87 191.63N/A
Kawartha N/A N/A N/A N/A N/A
London-Ing N/A 1.35N/A 1.40 1.15 5.15 202.75
Pt.Colb-Ing N/A N/A N/A N/A N/A*
Cardnl-Ing N/A 1.55N/A 1.55 1.28 5.28 207.86
W O Feed 1.50 5.17 203.44
US Rep 1.73 5.40 212.49
Toledo El. -0.46 3.21 126.36 -0.26 3.74 147.21
MID SD CRN 0.67 1/2 4.34 1/4
HI SD CRN 0.70 4.36 3/4
*Wet Bid
Exchange rate was 1.308 down 0.0072
Chicago soybeans closed moderately higher to higher.
JAN19 HI 8.88 1/2 NOV19 HI 9.34 1/2
LOW 8.45 3/4 LOW 8.98
CLOSE8.82 Up 30 1/4 CLOSE 9.29 Up 25 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt
ELEVATORS +JAN1+JAN1+JAN19
CK Low 2.30 11.12 408.591.85 11.14 409.32
CK High 2.60 11.42 419.612.05 11.34 416.67
CK Average 2.41 -0.2411.23 412.571.97 -0.6511.26 413.61
Essex Cty 2.10 10.92 401.242.00 11.29 414.84
Mdsx Low 2.39 11.21 411.901.94 11.23 412.63
Mdsx High 2.45 11.27 414.102.05 11.34 416.67
Mdsx Average 2.42 -0.2311.24 413.002.00 -0.6311.29 414.65
Hensall 2.43 11.25 413.182.00 11.29 414.84
Bruce 2.40 11.22 412.261.95 11.24 413.00
Putnam 2.45 11.27 414.102.05 11.34 416.67
Burford 2.42 11.24 413.001.97 11.26 413.73
Port Perry 2.38 11.20 411.531.93 11.22 412.26
Norfolk 2.50 11.32 415.941.95 11.24 413.00
Palmerston 2.65 11.47 421.452.00 11.29 414.84
Varna 2.40 11.22 412.261.95 11.24 413.00
Trenton 2.55 11.37 417.781.90 11.19 411.16
Winchester 2.55 11.37 417.781.92 11.21 411.90
North Gower 2.65 11.47 421.452.10 11.39 418.51
Huron FOB 2.45 11.27 414.102.05 11.34 416.67
Kent FOB 2.55 11.37 417.781.95 11.24 413.00
Lambton FOB 2.50 11.32 415.941.95 11.24 413.00
Middlesex FOB2.48 2.42 2.22 2.16 11.30 415.202.10 11.39 418.51
PROCESSORS
Windsor 2.72 11.54 424.02 N/A
TRANSFER
Hamilton 2.75 11.57 425.122.20 11.49 422.19
Prescott 3.21 12.03 442.032.55 11.84 435.05
Toledo El. -0.72 8.10 297.65-0.39 8.90 326.99
Exchange rate was 1.308 down 0.0072
Chicago wheat closed moderately higher.
DEC18 HI 5.10 JUL19 HI 5.42
LOW 5.00 1/2 LOW 5.33 1/2
CLOSE 5.08 Up 7 1/2 CLOSE 5.40 1/2 Up 6 1/2
Minni wheat closed slightly to moderately higher.
DEC18 HI 5.77 3/4 SEP19 HI 6.10
LOW 5.69 LOW 6.04
CLOSE 5.76 3/4 Up 7 1/2 CLOSE 6.08 Up 4
GFO Cash Wheat Prices - DEL Terminal
Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.11 1.30 1.11 0.60
CAD $/bu 6.19 6.38 6.19 6.37
CAD $/tonne 227.32 234.53 227.32 233.93
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 1.00 N/A N/A N/A 0.95 N/A
London 1.09 1.22 0.96 N/A 1.18 1.31 0.98 N/A
Hensall 1.00 N/A 1.00 N/A 1.15 N/A 0.95 N/A
Trenton N/A N/A N/A N/A N/A N/A 0.90 N/A
Bruce 1.00 1.30 0.95 0.60 1.00 1.30 0.85 0.65
Essex N/A N/A N/A N/A N/A N/A 0.97 N/A
Norwich 1.00 N/A 1.00 N/A 1.15 N/A 0.95 N/A
Port Hope N/A 1.00 1.00 N/A N/A 1.20 0.95 N/A
Kent Bridge 1.00 N/A 1.00 N/A 1.15 N/A 0.95 N/A
Chatham N/A N/A 1.00 N/A N/A N/A 0.95 N/A
Brigden N/A N/A 1.00 N/A N/A N/A 0.95 N/A
Palmerston N/A 1.15 0.95 N/A N/A 1.10 1.05 N/A
Varna 1.20 1.40 1.00 N/A 1.05 1.30 0.95 N/A
Mitchell 1.00 1.15 1.00 N/A 1.15 1.25 0.95 N/A
Thornton N/A N/A N/A 0.27 N/A N/A N/A N/A
North Gower N/A 1.20 1.00 0.50 N/A 1.27 1.22 0.40
W O Feed 1.79
PROCESSORS
Toledo FM N/A N/A 1.70 N/A N/A N/A 1.77 N/A
Toledo El. 5.00US 6.54CA 5.26US 6.85CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.18 1.25 1.18 0.47
CAD $/bu 6.59 6.65 6.59 6.55
CAD $/tonne 242.01 244.40 242.01 240.81
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 502.00
DDG's FOB Srn & Aylm 180.00 - 190.00
----
Ontario Grain Market Commentary for October 31, 2018
By Marty Hibbs, Grain Farmers of Ontario
Wednesday, October 31, 2018 Closing Prices
COMMODITY PERIOD PRICE WEEKLY MOVEMENT
Corn CBOT Dec 3.63 ↓ 05 cents
Soybeans CBOT Jan 8.52 ↓ 11 cents
Wheat CBOT Dec 5.00 ↓ 00 cents
Wheat Minn. Dec 5.69 ↓ 09 cents
Wheat Kansas Dec 4.93 ↓ 04 cents
Chicago Oats Dec 2.76 ↓ 15 cents
Canadian $ Dec .7604 ↑ 0.75 points
Corn:
Another quiet week in the corn futures as the market was confined again to a 10 cent range.
Initial support is now seen at the $3.60 level on December. Indicators are neutral, but the primary trend is still down. We still need a close above the $4.40 level on the lead month contract to get excited about a major trend reversal.
Soybeans:
Soybeans continued their slide again this week. We are now quoting the January contract. We received a daily red sell signal on the daily chart that suggests we will see lower prices as the November contract goes to cash. We should now see another move towards our bottom of the box $8 price support. There is a better chance each time we test this area that we will eventually break that support and if it were to occur, would extend the beans into a $7 price handle for the first time since 2008. This is a predictable trading range going forward until either the $8 or $9 price points are negated on a closing price.
All indicators are negative and the primary trend remains down.
Wheat:
Wheat did drop to the $4.90 level on the December contract this week and bounced quickly back to the $5 level. For the time being we are seeing good support on the charts and until we break below the $.80 level on the December futures on a close, I feel we can stay on this nine-month-old minor bull run. Another good sign is the formation of the five point reverse wave that we are now in. To confirm this fifth wave, we need a close above $5.25 on the lead month futures contract. If this is confirmed, I believe that the bottom for wheat is in place for the rest of this year and that we could be looking at the beginning of the next bull market in wheat.
Initial support is still seen in this $4.80 area on December Chicago futures while overhead resistance is now back at $5.25.
Indicators are still positive, and the primary trend is neutral.
Harvest 2018 Grain prices as of the close, October 31, 2018 are as follows:
SWW @ $224.75/MT ($6.12/bu), HRW @ $232.00/MT ($6.21/bu),
HRS @ $231.51/MT ($6.30/bu), SRW @ $224.75/MT ($6.12/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/20181101/6a1210c8/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: grain.pdf
Type: application/pdf
Size: 510321 bytes
Desc: grain.pdf
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20181101/6a1210c8/attachment-0002.pdf>
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: corn.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20181101/6a1210c8/attachment-0001.txt>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: wheatcom.pdf
Type: application/pdf
Size: 718582 bytes
Desc: wheatcom.pdf
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20181101/6a1210c8/attachment-0003.pdf>
More information about the Farmmarketnews
mailing list