[Farmmarketnews] Wednesday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Wed Nov 25 15:31:09 EST 2020


Please note: The corn report now uses the March future for Old Crop bids.
Thank you.

FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, November 25
(All Bases in CAD)
Exchange rate was 1.3001 down 0.0004
Chicago corn closed slightly to moderately lower.

      MAR21   HI 4.34  3/4                    DEC21    HI 4.13  1/2
             LOW 4.27  1/4                            LOW 4.10
            CLOSE4.27  1/2  Down 5                  CLOSE 4.10  3/4  Down 1 1/2

            OLD CROP BASIS                          NEW CROP BASIS
Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt
ELEVATORS        +MAR21+MAR21+MAR21
CK Low       1.23                        5.51 216.72  0.90         5.01 197.14
CK High      1.30                        5.58 219.48  0.95         5.06 199.10
CK Avg       1.27                  -0.01 5.54 218.10  0.91 -0.25   5.02 197.46
Essex Cty    1.30                        5.58 219.48  0.90         5.01 197.14
Mdsx Low     1.23                        5.51 216.72  0.90         5.01 197.14
Mdsx High    1.30                        5.58 219.48  0.90         5.01 197.14
Mdsx Avg     1.27                  -0.01 5.54 218.10  0.90 -0.25   5.01 197.14
Hensall      1.31                        5.59 219.87  0.92         5.02 197.79
Bruce        1.30                        5.58 219.48  0.90         5.01 197.14
Putnam       1.30                        5.58 219.48  0.90         5.01 197.14
Burford      1.28                        5.56 218.69  0.90         5.01 197.14
Port Perry   1.33                        5.61 220.66  1.00         5.11 201.07
Norfolk      1.30                        5.58 219.48  0.90         5.01 197.14
Palmerston   1.21                        5.49 215.93  0.85         4.96 195.17
Varna        1.28                        5.56 218.69  0.95         5.06 199.10
Trenton      1.38                        5.66 222.63  0.95         5.06 199.10
Winchester   1.60                        5.88 231.29  1.30         5.41 212.88
North Gower  1.38                        5.66 222.63  1.25         5.36 210.92
Vankleek Hil 1.31                        5.59 219.87  1.03         5.14 202.25
Huron FOB    1.43  1.54  1.56  1.60      5.71 224.60N/A
Kent FOB     1.40                        5.68 223.41  0.95         5.06 199.10
Lamb FOB     1.38                        5.66 222.63  1.05         5.16 203.04
Mdsx FOB     1.33  1.65N/A   N/A         5.61 220.66  1.00         5.11 201.07
FOB SW Que   2.00                        6.28 247.04N/A
Track        1.81                        6.08 239.36N/A
PROCESSORS
Chat-Eth    N/A  N/A     1.82  1.88                   1.11         5.22 205.40
Jhnstwn-Eth N/A  N/A   N/A   N/A                      1.43         5.54 218.00
Aylmer-Eth   1.68  1.85  1.85  1.88      5.96 234.44  1.20         5.31 208.95
Sarn-Eth    N/A    1.65  1.70  1.75                 N/A
London-Ing  N/A  N/A   N/A   N/A                      1.25         5.36 210.92
Pt.Colb-Ing N/A  N/A   N/A   N/A                    N/A
Cardnl-Ing  N/A  N/A   N/A   N/A                      1.35         5.46 214.85
W O Feed     1.88                        6.15 242.23

US Rep       1.93                        6.21 244.28
Toledo El.  -0.05                        4.22 166.25 -0.26         3.85 151.47

TRANSFER
Pt. Colb     1.73                        6.01 236.41  1.00         5.11 201.07
Prescott     1.63                        5.91 232.47  1.37         5.48 215.64


HI SD CRN    1.30                        5.57 1/2
*Wet Bid


Exchange rate was 1.3001 down 0.0004
Chicago soybeans closed slightly lower.

      JAN21   HI 11.98  1/2              NOV21     HI 10.60
             LOW 11.83  1/4                       LOW 10.49  1/4
            CLOSE11.84   Down 7 1/4             CLOSE 10.50   Down 6

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +JAN21+JAN21+MAR21
CK Low      3.06                         14.90 547.48  2.44        12.94 475.46
CK High     3.10                         14.94 548.95  2.50        13.00 477.67
CK Average  3.09                   -0.35 14.93 548.71  2.49 -0.50  12.99 477.30
Essex Cty   3.10                         14.94 548.95  2.50        13.00 477.67
Mdsx Low    3.07                         14.91 547.85  2.45        12.95 475.83
Mdsx High   3.10                         14.94 548.95  2.50        13.00 477.67
Mdsx Average3.09                   -0.36 14.93 548.40  2.48 -0.52  12.98 476.75
Hensall     3.10                         14.94 548.95  2.50        13.00 477.67
Bruce       3.10                         14.94 548.95  2.50        13.00 477.67
Putnam      3.10                         14.94 548.95  2.50        13.00 477.67
Burford     3.14                         14.98 550.42  2.52        13.02 478.40
Port Perry  3.06                         14.90 547.48  2.44        12.94 475.46
Norfolk     3.10                         14.94 548.95  2.50        13.00 477.67
Palmerston  3.01                         14.85 545.64  2.46        12.96 476.20
Varna       3.10                         14.94 548.95  2.50        13.00 477.67
Trenton     3.10                         14.94 548.95  2.50        13.00 477.67
Winchester  3.18                         15.02 551.89  2.67        13.17 483.91
North Gower 2.87                         14.71 540.50  2.62        13.12 482.08
Vankleek Hil2.87                         14.71 540.50  2.54        13.04 479.14
Huron FOB   3.22  3.28  3.30  3.37       15.06 553.36  N/A
Kent FOB    3.15                         14.99 550.79  2.50        13.00 477.67
Lambton FOB 3.15                         14.99 550.79  2.60        13.10 481.34
Mdsx FOB    3.27  3.33  3.33  3.33       15.11 555.20  2.57        13.07 480.24

PROCESSORS
Windsor     3.30                         15.14 556.30  2.83        13.33 489.79

TRANSFER
Hamilton    3.60                         15.44 567.32  2.95        13.45 494.20
Prescott    3.14                         14.98 550.42  2.80        13.30 488.69
Port Colborn3.61                         15.45 567.69  N/A

Toledo El.  0.00                         11.84 435.05 -0.45        10.05 369.10


Exchange rate was 1.3001 down 0.0004
Chicago wheat closed lower.
DEC20      HI     6.16  1/2             JUL21   HI         6.15
           LOW        5.87                      LOW     5.95  1/4
           CLOSE  5.88  1/4  Down 23            CLOSE   5.97   Down 15

Minni wheat closed moderately lower.
DEC20      HI     5.57  1/4             SEP21   HI         5.97
           LOW    5.42  1/4                     LOW     5.80  1/4
           CLOSE  5.43  1/2  Down 7 1/4         CLOSE   5.84  3/4  Down 9 3/4

GFO Cash Wheat Prices - DEL Terminal
Harvest 20        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.31          1.51            1.31          1.18
CAD $/bu              7.19          7.39            7.19          6.61
CAD $/tonne         264.28        271.45          264.28        242.90


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    1.20    N/A    N/A     N/A    1.10    N/A
London      1.32    1.25   1.19    N/A    1.38    1.38   1.08    N/A
Hensall     1.35    N/A    1.20    N/A    1.35    N/A    1.10    N/A
Trenton      N/A    N/A     N/A    N/A    N/A     N/A    1.15    N/A
Bruce       1.30    1.30   1.20   1.35    1.30    1.30   1.10   1.25
Essex        N/A    N/A    1.23    N/A    N/A     N/A    1.10    N/A
Norwich     1.35    N/A    1.20    N/A    1.35    N/A    1.10    N/A
Port Hope    N/A    N/A    1.15    N/A    N/A     N/A    1.10    N/A
Kent Bridge 1.35    N/A    1.20    N/A    1.35    N/A    1.10    N/A
Chatham      N/A    N/A    1.23    N/A    N/A     N/A    1.10    N/A
Brigden      N/A    N/A    1.23    N/A    N/A     N/A    1.15    N/A
Palmerston   N/A    1.26   1.07   1.35    N/A     1.41   1.09   1.20
Varna       1.35    1.40   1.20    N/A    1.30    1.30   1.10    N/A
Mitchell    1.35    1.45   1.20    N/A    1.35    1.40   1.10    N/A
Thornton     N/A    N/A     N/A   1.45    N/A     N/A     N/A    N/A
North Gower  N/A    1.25   1.15   0.85    N/A     1.47   1.17   0.80
W O Feed                   1.76

TERMINAL
Port Colbor  N/A    N/A    1.65    N/A    N/A     N/A    1.56    N/A

PROCESSORS
Toledo FM    N/A    N/A    1.77    N/A    N/A     N/A    1.92    N/A

Toledo El. 5.68US         7.39CA        5.92US          7.69CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 21        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.52          1.65            1.35          0.97
CAD $/bu              7.49          7.62            7.32          6.82
CAD $/tonne         275.04        279.82          268.83        250.57

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

FEED GRAINS
FOB Hm Soymeal            634.83
DDG's FOB Srn & Aylm      305.00



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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