[Farmmarketnews] Wednesday Ontario Commodity Report and Weekly GFO Grain Market Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Dec 11 15:30:58 EST 2019
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 11
(All Bases in CAD)
Exchange rate was 1.317 down 0.0064
Chicago corn closed slightly to moderately lower.
MAR20 HI 3.77 DEC20 HI 3.90 1/2
LOW 3.71 LOW 3.87 3/4
CLOSE3.71 1/4 Down 5 3/4 CLOSE 3.88 Down 3
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +MAR20+MAR20+MAY20
CK Low 1.25 4.96 195.36 0.90 4.78 188.18
CK High 1.25 4.96 195.36 0.95 4.83 190.15
CK Avg 1.25 0.06 4.96 195.36 0.91 -0.25 4.79 188.51
Essex Cty 1.25 4.96 195.36 0.90 4.78 188.18
Mdsx Low 1.25 4.96 195.36 0.90 4.78 188.18
Mdsx High 1.25 4.96 195.36 0.90 4.78 188.18
Mdsx Avg 1.25 0.06 4.96 195.36 0.90 -0.25 4.78 188.18
Hensall 1.28 4.99 196.35 0.93 4.81 189.16
Bruce 1.25 4.96 195.36 0.90 4.78 188.18
Putnam 1.25 4.96 195.36 0.90 4.78 188.18
Burford 1.25 4.96 195.36 0.90 4.78 188.18
Port Perry 1.30 5.01 197.33 0.90 4.78 188.18
Norfolk 1.25 4.96 195.36 0.90 4.78 188.18
Palmerston 1.25 4.96 195.36 0.86 4.74 186.61
Varna 1.25 4.96 195.36 0.90 4.78 188.18
Trenton 1.40 5.11 201.27 0.90 4.78 188.18
Winchester 1.40 5.11 201.27 0.91 4.79 188.57
North Gower 1.37 5.08 200.09 1.07 4.95 194.87
Huron FOB 1.42 5.13 202.06 0.92 4.80 188.97
Kent FOB 1.35 5.06 199.30 0.95 4.83 190.15
Lamb FOB 1.35 5.06 199.30 1.00 4.88 192.12
Mdsx FOB 1.40 1.40N/A N/A 5.11 201.27 0.90 4.78 188.18
FOB SW Que 2.25 5.96 234.73N/A
Track 1.67 5.38 211.70N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A 1.14 5.02 197.63
Jhnstwn-Eth N/A N/A N/A N/A 1.39 5.27 207.47
Aylmer-Eth N/A N/A 1.69 1.68 1.15 5.03 198.02
Sarn-Eth N/A 1.55 1.60 1.60 N/A
London-Ing N/A 1.80 1.85 1.85 1.30 5.18 203.93
Pt.Colb-Ing N/A N/A N/A N/A N/A
Cardnl-Ing N/A 1.80 1.85 1.85 1.35 5.23 205.90
W O Feed 1.76 5.48 215.54
US Rep 2.17 5.88 231.58
Toledo El. 0.26 3.98 156.52 -0.26 3.62 142.37
TRANSFER
Pt. Colb 1.60 5.31 209.14N/A
Prescott 1.65 5.36 211.11 1.45 5.33209 5/6
MID SD CRN 1.25 4.96 1/4
HI SD CRN 1.25 4.96 1/4
*Wet Bid
Exchange rate was 1.317 down 0.0064
Chicago soybeans closed slightly lower.
JAN20 HI 9.02 NOV20 HI 9.46 3/4
LOW 8.92 LOW 9.39 1/4
CLOSE8.93 1/2 Down 7 3/4 CLOSE 9.41 Down 5 3/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt
ELEVATORS +JAN2+MAR2+MAR20
CK Low 2.27 11.21 411.712.20 11.61 426.59
CK High 2.30 11.24 412.822.25 11.66 428.43
CK Average 2.30 -0.4111.23 412.632.24 -0.5711.65 428.13
Essex Cty 2.25 11.19 410.982.25 11.66 428.43
Mdsx Low 2.25 11.19 410.982.23 11.64 427.70
Mdsx High 2.30 11.24 412.822.25 11.66 428.43
Mdsx Average 2.28 -0.4211.21 411.902.24 -0.5711.65 428.06
Hensall 2.30 11.24 412.822.25 11.66 428.43
Bruce 2.30 11.24 412.822.25 11.66 428.43
Putnam 2.30 11.24 412.822.25 11.66 428.43
Burford 2.32 11.26 413.552.30 11.71 430.27
Port Perry 2.27 11.21 411.712.25 11.66 428.43
Norfolk 2.30 11.24 412.822.25 11.66 428.43
Palmerston 2.19 11.13 408.772.25 11.66 428.43
Varna 2.30 11.24 412.822.25 11.66 428.43
Trenton 2.30 11.24 412.822.25 11.66 428.43
Winchester 2.25 11.19 410.982.20 11.61 426.59
North Gower 2.23 11.17 410.242.22 11.63 427.33
Huron FOB 2.45 11.39 418.332.35 11.76 432.11
Kent FOB 2.45 11.39 418.332.25 11.66 428.43
Lambton FOB 2.50 11.44 420.162.30 11.71 430.27
Middlesex FOB2.50 2.37 2.34 N/A 11.44 420.162.37 11.78 432.84
PROCESSORS
Windsor 2.73 11.67 428.622.42 11.83 434.68
TRANSFER
Hamilton 2.90 11.84 434.862.65 12.06 443.13
Prescott N/A 2.25 11.66 428.43
Port Colborne2.78 11.72 430.452.78 12.19 447.91
Toledo El. -0.03 8.91 327.34-0.46 8.95 328.80
Exchange rate was 1.317 down 0.0064
Chicago wheat closed slightly lower.
MAR20 HI 5.23 1/2 JUL20 HI 5.29 3/4
LOW 5.16 3/4 LOW 5.23 1/4
CLOSE 5.19 1/4 Down 4 1/2 CLOSE 5.26 Down 3 3/4
Minni wheat closed narrowly mixed.
MAR20 HI 5.20 SEP20 HI 5.45 1/2
LOW 5.15 1/2 LOW 5.44 1/4
CLOSE 5.18 1/4 Up 1/4 CLOSE 5.45 Down 1/4
GFO Cash Wheat Prices - DEL Terminal
Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 2.11 2.30 1.98 1.25
CAD $/bu 7.30 7.50 7.17 6.43
CAD $/tonne 268.21 275.47 263.37 236.27
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 1.85 N/A N/A N/A 1.25 N/A
London 1.81 2.21 1.68 N/A 1.37 1.63 1.17 N/A
Hensall 1.85 N/A 1.85 N/A 1.40 N/A 1.25 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.40 N/A
Bruce 1.75 2.15 1.75 1.65 1.40 1.60 1.20 1.10
Essex N/A N/A 1.75 N/A N/A N/A 1.20 N/A
Norwich 1.85 N/A 1.85 N/A 1.40 N/A 1.25 N/A
Port Hope N/A N/A 1.80 N/A N/A N/A 1.40 N/A
Kent Bridge 1.85 N/A 1.85 N/A 1.40 N/A 1.25 N/A
Chatham N/A N/A 1.75 N/A N/A N/A 1.20 N/A
Brigden N/A N/A 1.75 N/A N/A N/A 1.20 N/A
Palmerston N/A N/A 1.71 1.31 N/A N/A 1.23 0.95
Varna 1.85 2.15 1.75 N/A 1.40 1.60 1.20 N/A
Mitchell 1.85 2.20 1.85 N/A 1.40 1.65 1.25 N/A
Thornton N/A N/A N/A 1.76 N/A N/A N/A N/A
North Gower N/A 1.75 1.75 1.00 N/A 1.67 1.47 0.90
W O Feed 2.33
TERMINAL
Port Colbor N/A N/A 2.09 N/A N/A N/A 1.57 N/A
PROCESSORS
Toledo FM N/A N/A 2.04 N/A N/A N/A 1.67 N/A
Toledo El. 5.34US 7.04CA 5.36US 7.07CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.48 1.74 1.41 0.94
CAD $/bu 6.74 7.00 6.67 6.39
CAD $/tonne 247.54 257.23 245.12 234.95
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 474.00
DDG's FOB Srn & Aylm 210.00 - 215.00
---
Ontario Grain Market Commentary for December 11, 2019
By Todd Austin, Grain Farmers of Ontario
Wednesday, December 11, 2019
COMMODITY PERIOD PRICE WEEKLY MOVEMENT
Corn CBOT Mar 3.71¼ ↓ 7¼ cents
Soybeans CBOT Jan 8.93½ ↓ 15½ cents
Wheat CBOT Mar 5.19¼ ↓ 8¼ cents
Wheat Minn. Mar 5.18½ ↑ 3½ cents
Wheat Kansas Mar 4.30¾ ↓ 9¾ cents
Oats CBOT Mar 2.93¾ ↓ 10¼ cents
Canadian $ Mar 0.7595 ↑ 81 points
CORN:
It is estimated that over 1 billion bushels of corn still exists in US fields, while in Ontario approximately 30-40% of corn acreage remains to be harvested.
The USDA’s World Agricultural Supply and Demand Estimates hold steady in terms of US corn information although global corn production figures rose by 6.5 million metric tonnes, due to an increase in Chinese production.
SOYBEANS:
The Supply and demand charts for US soybeans remain unchanged from the USDA’s November report. Similar to corn, world production and carryout increased one million tonnes due to increased Chinese production.
Earlier this week, Chinese soy importers bought 300,000 tonnes of US soybeans for January and February shipment. This trade came after news that the Chinese government offered new tariff waivers to purchase US soybeans.
WHEAT:
There were changes to the December USDA report for wheat. Imports of wheat into the US were reduced by 15 million bushels, while exports increased by 25 million bushels. This lowered the estimated carryout to just under one billion bushels, at 974 (million). November's’ carryout estimate tallied in at 1.014 billion bushels.
2019 cash prices for December 11, 2019, at the market close, are as follows:
SWW at $268.15/mt ($7.30/bu), HRW at $275.41/mt ($7.50/bu),
HRS at $236.34/mt ($6.43/bu), and SRW at $263.31/mt ($7.17/bu).
We currently offer 2020 and 2021 harvest prices as well, please call
1-800-265-0550 for more information.
--
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
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
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