[Farmmarketnews] Wednesday Ontario Commodity Report and Weekly GFO Grain Market Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Sep 30 16:01:38 EDT 2020
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, September 30
(All Bases in CAD)
Exchange rate was 1.3309 down 0.0076
Chicago corn closed higher.
DEC20 HI 3.82 3/4 DEC20 HI 3.82 3/4
LOW 3.62 LOW 3.62
CLOSE3.79 Up 14 1/4 CLOSE 3.79 Up 14 1/4
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +DEC20+MAR21+MAR21
CK Low 1.65 5.44 214.16 1.10 4.89 192.51
CK High 1.70 5.49 216.13 1.10 4.89 192.51
CK Avg 1.66 0.30 5.45 214.49 1.10 -0.12 4.89 192.51
Essex Cty 1.70 5.49 216.13 1.10 4.89 192.51
Mdsx Low 1.65 5.44 214.16 1.10 4.89 192.51
Mdsx High 1.65 5.44 214.16 1.10 4.89 192.51
Mdsx Avg 1.65 0.30 5.44 214.16 1.10 -0.12 4.89 192.51
Hensall 1.65 5.44 214.16 1.12 4.91 193.17
Bruce 1.65 5.44 214.16 1.10 4.89 192.51
Putnam 1.65 5.44 214.16 1.10 4.89 192.51
Burford 1.65 5.44 214.16 1.10 4.89 192.51
Port Perry 1.65 5.44 214.16 1.20 4.99 196.45
Norfolk 1.70 5.49 216.13 1.10 4.89 192.51
Palmerston 1.76 5.55 218.49 1.12 4.91 193.30
Varna 1.65 5.44 214.16 1.10 4.89 192.51
Trenton 1.65 5.44 214.16 1.20 4.99 196.45
Winchester N/A 1.55 5.34 210.23
North Gower 1.65 5.44 214.16 1.45 5.24 206.29
Vankleek Hil 1.37 5.16 203.14 1.24 5.03 198.02
Huron FOB 1.19 1.19 1.26N/A 4.98 196.05 1.19 4.98 196.05
Kent FOB 1.90 5.69 224.01 1.25 5.04 198.42
Lamb FOB 2.05 5.84 229.91 1.25 5.04 198.42
Mdsx FOB 1.20 1.20 1.35N/A 4.99 196.45 1.20 4.99 196.45
FOB SW Que 1.92 5.71 224.79N/A
Track 2.28 6.07 238.77N/A
PROCESSORS
Chat-Eth N/A N/A 1.31 1.38 N/A
Jhnstwn-Eth N/A 1.48 1.51 1.58 1.48 5.27 207.47
Aylmer-Eth N/A N/A N/A N/A N/A
Sarn-Eth N/A 1.25N/A N/A 1.25 5.04 198.42
London-Ing 1.65 1.45 1.45 1.45 5.44 214.16 1.45 5.24 206.29
Pt.Colb-Ing N/A N/A N/A N/A N/A
Cardnl-Ing 1.70 1.70 1.50 1.55 5.49 216.131.70* 5.49 216.13
W O Feed 2.49 6.28 247.31
US Rep 2.12 5.91 232.67
Toledo El. -0.27 3.52 138.73 -0.27 3.52 138.73
TRANSFER
Pt. Colb 1.55 5.34 210.23 1.55 5.34 210.23
Prescott 1.90 5.69 224.01 1.77 5.56 218.89
HI SD CRN 1.10 4.89
*Wet Bid
Exchange rate was 1.3309 down 0.0076
Chicago soybeans closed slightly higher to higher.
NOV20 HI 10.34 3/4 NOV21 HI 9.76 1/4
LOW 9.87 1/2 LOW 9.41 3/4
CLOSE10.23 1/2 Up 30 1/2 CLOSE 9.66 1/2 Up 19
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +NOV20+JAN21+JAN21
CK Low 2.68 12.92 474.55 2.43 12.10 444.42
CK High 2.75 12.99 477.12 2.45 12.12 445.15
CK Average 2.71 -0.51 12.95 475.77 2.45 -0.56 12.11 445.03
Essex Cty 2.70 12.94 475.28 2.45 12.12 445.15
Mdsx Low 2.66 12.90 473.81 2.41 12.08 443.68
Mdsx High 2.70 12.94 475.28 2.45 12.12 445.15
Mdsx Average2.68 -0.53 12.92 474.55 2.43 -0.58 12.10 444.42
Hensall 2.73 12.97 476.50 2.45 12.12 445.15
Bruce 2.70 12.94 475.28 2.45 12.12 445.15
Putnam 2.70 12.94 475.28 2.45 12.12 445.15
Burford 2.73 12.97 476.38 2.48 12.15 446.25
Port Perry 2.65 12.89 473.44 2.40 12.07 443.31
Norfolk 2.75 12.99 477.12 2.45 12.12 445.15
Palmerston 2.79 13.03 478.59 2.60 12.27 450.66
Varna 2.75 12.99 477.12 2.45 12.12 445.15
Trenton 2.75 12.99 477.12 2.45 12.12 445.15
Winchester 2.99 13.23 485.94 2.61 12.28 451.03
North Gower 2.80 13.04 478.95 2.56 12.23 449.19
Vankleek Hil2.94 13.18 484.10 2.58 12.25 449.93
Huron FOB 2.76 3.03 N/A N/A 13.00 477.48 N/A
Kent FOB 2.70 12.94 475.28 2.45 12.12 445.15
Lambton FOB 2.80 13.04 478.95 2.50 12.17 446.99
Mdsx FOB 2.72 3.05 N/A N/A 12.96 476.01 2.62 12.29 451.40
PROCESSORS
Windsor 3.14 13.38 491.45 2.62 12.29 451.40
TRANSFER
Hamilton 3.20 13.44 493.65 2.85 12.52 459.85
Prescott 3.15 13.39 491.81 2.84 12.51 459.48
Port Colborn3.26 13.50 495.86 N/A
Toledo El. -0.27 9.97 366.29 -0.47 9.20 338.02
Exchange rate was 1.3309 down 0.0076
Chicago wheat closed higher to sharply higher.
DEC20 HI 5.87 JUL21 HI 5.91 1/4
LOW 5.47 LOW 5.58 3/4
CLOSE 5.78 Up 28 1/2 CLOSE 5.82 Up 21
Minni wheat closed higher.
DEC20 HI 5.47 1/2 SEP21 HI 5.80 3/4
LOW 5.24 1/4 LOW 5.66
CLOSE 5.40 1/4 Up 15 3/4 CLOSE 5.75 Up 12 1/2
GFO Cash Wheat Prices - DEL Terminal
Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.45 1.65 1.45 1.32
CAD $/bu 7.23 7.43 7.23 6.72
CAD $/tonne 265.55 272.88 265.55 247.09
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 1.05 N/A N/A N/A 1.15 N/A
London 1.20 1.26 1.06 N/A 1.56 1.56 1.16 N/A
Hensall 1.30 N/A 1.05 N/A 1.35 N/A 1.15 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.05 N/A
Bruce 1.05 1.15 1.05 0.95 1.25 1.20 1.15 N/A
Essex N/A N/A 1.05 N/A N/A N/A 1.20 N/A
Norwich 1.30 N/A 1.05 N/A 1.35 N/A 1.15 N/A
Port Hope N/A N/A 1.05 N/A N/A N/A 1.15 N/A
Kent Bridge 1.30 N/A 1.05 N/A 1.35 N/A 1.15 N/A
Chatham N/A N/A 1.05 N/A N/A N/A 1.20 N/A
Brigden N/A N/A 1.05 N/A N/A N/A 1.20 N/A
Palmerston N/A 1.58 1.18 1.19 N/A 1.63 1.23 1.00
Varna 1.10 1.10 1.05 N/A 1.30 1.20 1.15 N/A
Mitchell 1.30 1.35 1.05 N/A 1.35 1.45 1.15 N/A
Thornton N/A N/A N/A 1.45 N/A N/A N/A N/A
North Gower N/A 1.40 1.25 1.00 N/A 1.75 1.55 0.92
W O Feed 1.73
TERMINAL
Port Colbor N/A N/A 1.53 N/A N/A N/A 1.56 N/A
PROCESSORS
Toledo FM N/A N/A 1.91 N/A N/A N/A 2.06 N/A
Toledo El. 5.68US 7.56CA 5.77US 7.68CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 21 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.79 1.92 1.59 1.10
CAD $/bu 7.61 7.74 7.41 6.85
CAD $/tonne 279.67 284.56 272.34 251.80
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 543.23
DDG's FOB Srn & Aylm 250.00 - 255.00
---
Ontario Grain Market Commentary for September 30, 2020
By Todd Austin, Grain Farmers of Ontario
Wednesday, September 30, 2020
COMMODITY PERIOD PRICE WEEKLY MOVEMENT
Corn CBOT Dec 3.79 ↑ 10½ Cents
Soybeans CBOT Nov 10.23½ ↑ 9 Cents
Wheat CBOT Dec 5.78 ↑ 29 Cents
Wheat Minn. Dec 5.39 ↑ 6 Cents
Wheat Kansas Dec 5.09¾ ↑ 25½ Cents
Oats CBOT Dec 2.85¾ ↓ 2 Cents
Canadian $ Sept 0.7511 ↑ 32 Points
CORN:
According to the September 30 report, U.S. corn stocks were lower than expected, as the USDA reported corn stocks to be 1.995 billion bushels. The trade was expecting 2.250 billion bushels. The past summer, 2020, the second largest volume of corn was taken from the US inventory, as usage between June and August was 3.02 billion bushels. This figure is comparable to 2.98 billion bushels during the same time period last year.
SOYBEANS:
According to the USDA, U.S. soybean stocks are 523 million bushels. Again, the trade was expecting large stocks of 576 million bushels. Soybean usage was 858 million bushels through the summer months this year. China’s appetite for soybeans as witnessed with increased purchases of U.S. origin soybeans these past few months can attest to. China’s voracious demand for soybeans has been evidenced with increased purchases of U.S. origin soybeans during the past few months.
WHEAT:
The USDA wheat stocks are at a five-year low of 2.159 billion bushels. The stocks are down 8% from last year.
In international news, Algeria has modified their wheat tendering terms regarding insect damage. This should make it easier for Black Sea region wheat to be accepted under the new quality specifications. This could certainly reduce the EU’s market share in Algeria. France, for instance is a big exporter to Algeria at nearly 5 million tonnes annually.
2020 harvest prices for September 30, 2020, at the market close, are as follows:
SWW at $265.64/mt ($7.23/bu), HRW at $272.98/mt ($7.43/bu) + protein,
HRS at $ 246.56/mt ($6.71/bu) + protein, and SRW at $265.64/mt ($7.23/bu).
We offer on farm bids for 2020 wheat 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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