[Farmmarketnews] Wednesday Ontario Commodity Report and Weekly GFO Grain Market Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Dec 9 15:20:58 EST 2020
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 9
(All Bases in CAD)
Exchange rate was 1.2822 up 0.0004
Chicago corn closed slightly higher.
MAR21 HI 4.24 1/2 DEC21 HI 4.10 3/4
LOW 4.19 3/4 LOW 4.07 3/4
CLOSE4.23 3/4 Up 4 CLOSE 4.10 1/2 Up 2
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +MAR21+MAR21+MAY21
CK Low 1.30 5.54 218.00 0.90 5.01 197.04
CK High 1.30 5.54 218.00 0.95 5.06 199.01
CK Avg 1.30 0.08 5.54 218.00 0.91 -0.19 5.01 197.37
Essex Cty 1.30 5.54 218.00 0.90 5.01 197.04
Mdsx Low 1.30 5.54 218.00 0.90 5.01 197.04
Mdsx High 1.30 5.54 218.00 0.90 5.01 197.04
Mdsx Avg 1.30 0.08 5.54 218.00 0.90 -0.20 5.01 197.04
Hensall 1.32 5.55 218.66 0.92 5.02 197.69
Bruce 1.30 5.54 218.00 0.90 5.01 197.04
Putnam 1.30 5.54 218.00 0.90 5.01 197.04
Burford 1.35 5.59 219.97 0.90 5.01 197.04
Port Perry 1.35 5.59 219.97 0.95 5.06 199.01
Norfolk 1.30 5.54 218.00 0.90 5.01 197.04
Palmerston 1.30 5.54 218.00 0.92 5.03 197.83
Varna 1.30 5.54 218.00 0.90 5.01 197.04
Trenton 1.40 5.64 221.94 1.00 5.11 200.97
Winchester 1.55 5.79 227.84 1.25 5.36 210.82
North Gower 1.45 5.69 223.91 1.25 5.36 210.82
Vankleek Hil 1.36 5.60 220.36 1.03 5.14 202.16
Huron FOB 1.50 1.50 1.51 1.56 5.74 225.88N/A
Kent FOB 1.50 5.74 225.88 0.95 5.06 199.01
Lamb FOB 1.50 5.74 225.88 0.95 5.06 199.01
Mdsx FOB 1.50 1.50N/A N/A 5.74 225.88 1.00 5.11 200.97
FOB SW Que 2.02 6.26 246.35N/A
Track 1.84 6.07 239.06N/A
PROCESSORS
Chat-Eth N/A 1.68 1.75 1.76 1.14 5.25 206.49
Jhnstwn-Eth N/A N/A N/A 1.94 1.39 5.50 216.33
Aylmer-Eth N/A 1.70 1.73 1.78 1.15 5.26 206.88
Sarn-Eth N/A 1.70 1.75N/A N/A
London-Ing N/A N/A N/A N/A 1.20 5.31 208.85
Pt.Colb-Ing N/A N/A N/A N/A N/A
Cardnl-Ing N/A N/A N/A 2.00 1.35 5.46 214.75
W O Feed 1.86 6.10 240.13
US Rep 1.84 6.08 239.26
Toledo El. 0.00 4.24 166.82 -0.26 3.85 151.51
TRANSFER
Pt. Colb 1.80 6.04 237.69 1.00 5.11 200.97
Prescott N/A 1.37 5.48 215.54
HI SD CRN 1.30 5.53 3/4
*Wet Bid
Exchange rate was 1.2822 up 0.0004
Chicago soybeans closed slightly to moderately higher.
JAN21 HI 11.60 3/4 NOV21 HI 10.48 1/2
LOW 11.45 1/2 LOW 10.39 1/4
CLOSE11.58 1/2 Up 12 3/4 CLOSE 10.48 Up 6 3/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +JAN21+MAR21+MAR21
CK Low 2.85 14.44 530.40 2.30 12.78 469.58
CK High 2.93 14.52 533.33 2.30 12.78 469.58
CK Average 2.87 -0.31 14.46 531.19 2.30 -0.51 12.78 469.58
Essex Cty 2.85 14.44 530.40 2.25 12.73 467.75
Mdsx Low 2.85 14.44 530.40 2.30 12.78 469.58
Mdsx High 2.94 14.53 533.70 2.31 12.79 469.95
Mdsx Average2.90 -0.29 14.48 532.05 2.31 -0.51 12.79 469.77
Hensall 2.87 14.45 531.01 2.32 12.80 470.20
Bruce 2.90 14.49 532.23 2.35 12.83 471.42
Putnam 2.85 14.44 530.40 2.30 12.78 469.58
Burford 3.01 14.60 536.27 2.38 12.86 472.52
Port Perry 2.93 14.52 533.33 2.30 12.78 469.58
Norfolk 2.85 14.44 530.40 2.30 12.78 469.58
Palmerston 2.93 14.52 533.33 2.44 12.92 474.73
Varna 2.85 14.44 530.40 2.30 12.78 469.58
Trenton 2.90 14.49 532.23 2.35 12.83 471.42
Winchester 2.87 14.46 531.13 2.40 12.88 473.26
North Gower 2.85 14.44 530.40 2.50 12.98 476.93
Vankleek Hil2.87 14.46 531.13 2.50 12.98 476.93
Huron FOB 3.00 3.07 3.15 3.15 14.59 535.91 N/A
Kent FOB 2.95 14.54 534.07 2.30 12.78 469.58
Lambton FOB 3.05 14.64 537.74 2.40 12.88 473.26
Mdsx FOB 3.00 3.00 3.00 N/A 14.59 535.91 2.45 12.93 475.10
PROCESSORS
Windsor 3.32 14.91 547.66 2.62 13.10 481.34
TRANSFER
Hamilton 3.40 14.99 550.60 2.75 13.23 486.12
Prescott 3.14 14.73 541.05 2.80 13.28 487.96
Port Colborn3.22 14.81 543.99 N/A
Toledo El. 0.00 11.59 425.68 -0.45 10.03 368.59
Exchange rate was 1.2822 up 0.0004
Chicago wheat closed moderately higher to higher.
MAR21 HI 5.85 JUL21 HI 5.85
LOW 5.67 1/4 LOW 5.71 1/2
CLOSE 5.83 1/4 Up 13 1/4 CLOSE 5.83 3/4 Up 9 1/2
Minni wheat closed moderately higher to higher.
MAR21 HI 5.58 3/4 SEP21 HI 5.81
LOW 5.42 1/2 LOW 5.68
CLOSE 5.55 1/2 Up 12 1/4 CLOSE 5.79 1/2 Up 11 1/4
Direct MarkHarvest 2020 Harvest 2021
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 1.10 N/A N/A N/A 0.95 N/A
London 1.07 1.01 1.01 N/A 1.14 1.14 0.95 N/A
Hensall 1.25 N/A 1.10 N/A 1.25 N/A 0.95 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.15 N/A
Bruce 1.30 1.30 1.10 1.35 1.25 1.25 1.05 1.25
Essex N/A N/A 1.10 N/A N/A N/A 0.95 N/A
Norwich 1.25 N/A 1.10 N/A 1.25 N/A 0.95 N/A
Port Hope N/A N/A 1.07 N/A N/A N/A 1.10 N/A
Kent Bridge 1.25 N/A 1.10 N/A 1.25 N/A 0.95 N/A
Chatham N/A N/A 1.10 N/A N/A N/A 0.95 N/A
Brigden N/A N/A 1.10 N/A N/A N/A 1.00 N/A
Palmerston N/A 1.07 0.88 1.12 N/A 1.25 0.92 1.06
Varna 1.20 1.30 1.10 N/A 1.15 1.15 0.95 N/A
Mitchell 1.25 1.35 1.10 N/A 1.25 1.30 0.95 N/A
Thornton N/A N/A N/A 1.03 N/A N/A N/A N/A
North Gower N/A 1.16 1.08 0.65 N/A 1.45 1.16 0.77
W O Feed 1.68
TERMINAL
Port Colbor N/A N/A 1.53 N/A N/A N/A 1.34 N/A
PROCESSORS
Toledo FM N/A N/A 1.77 N/A N/A N/A 1.77 N/A
Toledo El. 5.83US 7.48CA 5.79US 7.42CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 594.27
DDG's FOB Srn & Aylm 310.00 - 315.00
---
Ontario Grain Market Commentary for December 9, 2020
By Todd Austin, Grain Farmers of Ontario
Wednesday, December 9, 2020
COMMODITY PERIOD PRICE WEEKLY MOVEMENT
Corn CBOT Mar 4.23 ¾ Unchanged
Soybeans CBOT Jan 11.58 ½ ↑ 3 ¾ Cents
Wheat CBOT Mar 5.83 ¼ ↓ 5 ¼ Cent
Wheat Minn. Mar 5.55 ¾ ↓ 5 ½ Cents
Wheat Kansas Mar 5.51 ↓ 2 ¾ Cents
Oats CBOT Mar 3.27 ¾ ↑ 31 ¼ Cents
Canadian $ Mar 0.7805 ↑ 67 Points
CORN:
Due to China’s low domestic supplies of corn as well as high domestic prices, there is the expectation of continued imports of corn. Chinese officials have stated that the country has had a supply gap for the past several years and has been using reserve stocks to meet continued demand.
The USDA is forecasting that imports of corn could reach 22 million tonnes for the 2020-2021 marketing year. As of the beginning of November, China has contracted over 10 million tonnes of corn with the U.S.
SOYBEANS:
Brazil has imported 748,000 tonnes of soybeans this year; 122,000 in the month of November alone. This represents a twenty times increase from the previous November. Expectations are that Brazil will import over a million tonnes of soybeans this year.
Strong domestic demand combined with record exports have left the domestic supply extremely tight. Most of the soybeans have been imported from Uruguay. In addition, a vessel load has been purchased from the U.S.
WHEAT:
While Egyptian strategic reserves are sufficient for approximately five months of consumption, the General authority for supply commodities (GASC) continues to bid for wheat through their tendering process. Russian continues to be the cheapest course for wheat with 55,000 tonnes recently purchased at a price of $261.85 per tonne.
Egypt is aiming to produce over 10 million tonnes of wheat this year. They produced 9.5 million tonnes last year. This production is based on planting 3.63 million acres this year. Domestic harvest is expected to begin mid-April.
---
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
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20201209/f1f86574/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: wheatcom.pdf
Type: application/pdf
Size: 893320 bytes
Desc: wheatcom.pdf
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20201209/f1f86574/attachment-0002.pdf>
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: corn.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20201209/f1f86574/attachment-0001.txt>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: grain.pdf
Type: application/pdf
Size: 627659 bytes
Desc: grain.pdf
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20201209/f1f86574/attachment-0003.pdf>
More information about the Farmmarketnews
mailing list