[Farmmarketnews] Monday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Mon Aug 12 15:11:44 EDT 2019


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, August 12
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1.3232 up 0.0034
Chicago corn closed limit down.

      SEP19   HI 4.10                         DEC19    HI 4.17  3/4
             LOW 3.85  1/4                            LOW 3.92  3/4
            CLOSE3.85  1/4  Down 25                 CLOSE 3.92  3/4  Down 25

            OLD CROP BASIS                          NEW CROP BASIS
Location    Spot   1mt   2mt   3mt  Adj $/bu   $/mt Cntrct  Adj   $/bu   $/mt
ELEVATORS        +DEC19+DEC19+DEC19
CK Low       1.85                        5.70 224.50  1.25         5.18 203.83
CK High      2.00                        5.85 230.40  1.25         5.18 203.83
CK Avg       1.92                   0.67 5.77 227.12  1.25 -0.01   5.18 203.83
Essex Cty    2.00                        5.85 230.40  1.25         5.18 203.83
Mdsx Low     1.90                        5.75 226.47  1.25         5.18 203.83
Mdsx High    1.90                        5.75 226.47  1.25         5.18 203.83
Mdsx Avg     1.90                   0.65 5.75 226.47  1.25 -0.01   5.18 203.83
Hensall      1.88                        5.73 225.48  1.28         5.20 204.81
Bruce        1.85                        5.70 224.50  1.30         5.23 205.80
Putnam       1.90                        5.75 226.47  1.25         5.18 203.83
Burford      1.90                        5.75 226.47  1.25         5.18 203.83
Port Perry   1.90                        5.75 226.47  1.25         5.18 203.83
Norfolk      1.95                        5.80 228.43  1.25         5.18 203.83
Palmerston  N/A                                       1.30         5.23 205.80
Varna        1.85                        5.70 224.50  1.30         5.23 205.80
Trenton      1.95                        5.80 228.43  1.30         5.23 205.80
Winchester  N/A                                       1.45         5.38 211.70
North Gower  1.50                        5.35 210.72  1.40         5.33 209.73
Huron FOB    2.15                        6.00 236.31  1.40         5.33 209.73
Kent FOB     2.15                        6.00 236.31  1.30         5.23 205.80
Lamb FOB     2.10                        5.95 234.34  1.43         5.36 210.92
Mdsx FOB     2.10N/A   N/A   N/A         5.95 234.34  1.45         5.38 211.70
FOB SW Que  N/A                                     N/A
Track        2.43                        6.28 247.13N/A
PROCESSORS
Chat-Eth    N/A    2.47  2.47  1.55                   1.55         5.48 215.64
Jhnstwn-Eth N/A  N/A   N/A   N/A                    N/A
Aylmer-Eth   2.35  2.40  2.40N/A         6.20 244.18  N/A
Sarn-Eth    N/A  N/A   N/A   N/A                      1.40         5.33 209.73
London-Ing  N/A  N/A     2.45N/A                    N/A
Pt.Colb-Ing N/A  N/A     1.83  1.83                 1.83*          5.76 226.66
Cardnl-Ing  N/A  N/A     1.55  1.50                   1.50         5.43 213.67
W O Feed     2.57                   2.14 6.42 252.84

US Rep       2.65                   2.22 6.50 255.99
Toledo El.   0.50                        4.36 171.46  0.20         4.13 162.41

TRANSFER
Sarnia      N/A                                     N/A
Pt. Stanley N/A                                     N/A
Hamilton    N/A                                     N/A

MID SD CRN                                            1.25         5.17 3/4
HI SD CRN                                             1.25         5.17 3/4
*Wet Bid


Exchange rate was 1.3232 up 0.0034
Chicago soybeans closed slightly to moderately lower.

       NOV19   HI 8.93                NOV19    HI 8.93
              LOW 8.76                        LOW 8.76
             CLOSE8.79  1/4  Down 12 1/2    CLOSE 8.79  1/4  Down 12 1/2

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt
ELEVATORS         +NOV1+NOV1+NOV19
CK Low       2.11                     10.90 400.602.03      10.82 397.66
CK High      2.15                     10.94 402.072.05      10.84 398.39
CK Average   2.14                -0.5310.94 401.822.05 -0.5810.84 398.27
Essex Cty    2.20                     10.99 403.912.05      10.84 398.39
Mdsx Low     2.06                     10.85 398.761.98      10.77 395.82
Mdsx High    2.15                     10.94 402.072.05      10.84 398.39
Mdsx Average 2.11                -0.5610.90 400.412.02 -0.6110.81 397.11
Hensall      2.15                     10.94 402.072.05      10.84 398.39
Bruce        2.10                     10.89 400.232.00      10.79 396.56
Putnam       2.15                     10.94 402.072.05      10.84 398.39
Burford      2.11                     10.90 400.602.03      10.82 397.66
Port Perry   2.08                     10.87 399.502.00      10.79 396.56
Norfolk      2.15                     10.94 402.072.05      10.84 398.39
Palmerston    N/A                                 2.05      10.84 398.39
Varna        2.15                     10.94 402.072.05      10.84 398.39
Trenton      2.10                     10.89 400.232.05      10.84 398.39
Winchester    N/A                                 2.05      10.84 398.39
North Gower  1.87                     10.66 391.782.05      10.84 398.39
Huron FOB    2.25                     11.04 405.742.15      10.94 402.07
Kent FOB     2.25                     11.04 405.742.05      10.84 398.39
Lambton FOB  2.25                     11.04 405.742.25      11.04 405.74
Middlesex FOB2.51 2.51  N/A  N/A      11.30 415.302.10      10.89 400.23

PROCESSORS
Windsor      2.58                     11.37 417.872.38      11.17 410.52

TRANSFER
Hamilton     2.70                     11.49 422.282.50      11.29 414.93
Prescott      N/A                                 2.45      11.24 413.09
Port Colborne N/A                                  N/A

Toledo El.   -0.26                     8.53 313.35-0.53      8.26 303.67


Exchange rate was 1.3232 up 0.0034
Chicago wheat closed lower to sharply lower.
SEP19      HI         5.02              JUL20   HI         5.19
           LOW    4.66  1/2                     LOW        4.90
           CLOSE  4.71  3/4  Down 27 3/4        CLOSE   4.95   Down 23

Minni wheat closed slightly to moderately lower.
SEP19      HI     5.25  1/2             SEP20   HI         5.83
           LOW    5.06  1/4                     LOW        5.65
           CLOSE  5.09  1/4  Down 10 1/2        CLOSE   5.66  1/2  Down 4 1/2

GFO Cash Wheat Prices - DEL Terminal
Harvest 19        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.99          2.25            1.92          1.25
CAD $/bu              6.71          6.97            6.64          6.34
CAD $/tonne         246.38        256.10          243.95        233.01


Direct MarkHarvest 2019                 Harvest 2020
           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    1.65    N/A    N/A     N/A    1.20    N/A
London      1.72    1.98   1.65    N/A    1.32    1.45   1.12    N/A
Hensall     1.80    N/A    1.65    N/A    1.40    N/A    1.20    N/A
Trenton      N/A    N/A    1.70    N/A    N/A     N/A    1.20    N/A
Bruce       1.75    2.00   1.65   1.30    1.40    1.60   1.20    N/A
Essex        N/A    N/A    1.60    N/A    N/A     N/A    1.10    N/A
Norwich     1.80    N/A    1.65    N/A    1.40    N/A    1.20    N/A
Port Hope    N/A    1.90   1.70    N/A    N/A     1.50   1.20    N/A
Kent Bridge 1.80    N/A    1.65    N/A    1.40    N/A    1.20    N/A
Chatham      N/A    N/A    1.65    N/A    N/A     N/A    1.10    N/A
Brigden      N/A    N/A    1.65    N/A    N/A     N/A    1.10    N/A
Palmerston   N/A    2.22   1.68   1.20    N/A     1.59   1.24   0.90
Varna       1.75    2.05   1.65    N/A    1.35    1.55   1.15    N/A
Mitchell    1.80    2.00   1.65    N/A    1.40    1.60   1.20    N/A
Thornton     N/A    N/A     N/A   1.56    N/A     N/A     N/A    N/A
North Gower  N/A    2.15   1.90   1.15    N/A     1.74   1.49   0.90
W O Feed                   2.26

TERMINAL
Port Colbor 2.06    2.33   1.99    N/A    N/A     N/A     N/A    N/A

PROCESSORS
Toledo FM    N/A    N/A    1.79    N/A    N/A     N/A     N/A    N/A

Toledo El. 4.92US         6.51CA        4.90US          6.47CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 20        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.52          1.78            1.45          1.02
CAD $/bu              6.47          6.73            6.40          6.69
CAD $/tonne         237.68        247.38          235.26        245.69

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

FEED GRAINS
FOB Hm Soymeal            453.50
DDG's FOB Srn & Aylm      190.00 - 195.00



Blair Andrews

Editor, AgriLink and Farm Market News

University of Guelph, Ridgetown Campus



Email:fmnc at uoguelph.ca

Tel. 519-674-1500 x 63577

Fax. 519-674-1530

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