[Farmmarketnews] Wednesday Ontario Commodity Report and Weekly GFO Grain Market Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Feb 10 15:26:03 EST 2021
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 10
(All Bases in CAD)
Exchange rate was 1.2692 down 0.0006
Chicago corn closed moderately to sharply lower.
MAR21 HI 5.56 1/4 DEC21 HI 4.55 1/4
LOW 5.31 3/4 LOW 4.44
CLOSE5.34 1/2 Down 21 3/4 CLOSE 4.48 Down 7 3/4
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +MAY21+MAY21+JUL21
CK Low 1.45 6.80 267.51 0.95 5.43 213.77
CK High 1.45 6.80 267.51 0.95 5.43 213.77
CK Avg 1.45 0.01 6.80 267.51 0.95 -0.20 5.43 213.77
Essex Cty 1.45 6.80 267.51 0.95 5.43 213.77
Mdsx Low 1.45 6.80 267.51 0.95 5.43 213.77
Mdsx High 1.45 6.80 267.51 0.95 5.43 213.77
Mdsx Avg 1.45 0.01 6.80 267.51 0.95 -0.20 5.43 213.77
Hensall 1.47 6.81 268.16 0.97 5.45 214.43
Bruce 1.45 6.80 267.51 0.95 5.43 213.77
Putnam 1.45 6.80 267.51 0.95 5.43 213.77
Burford 1.45 6.80 267.51 0.95 5.43 213.77
Port Perry 1.50 6.85 269.48 1.00 5.48 215.74
Norfolk 1.45 6.80 267.51 0.95 5.43 213.77
Palmerston 1.37 6.72 264.36 0.95 5.43 213.77
Varna 1.45 6.80 267.51 0.95 5.43 213.77
Trenton 1.45 6.80 267.51 1.00 5.48 215.74
Winchester 1.50 6.85 269.48 1.30 5.78 227.55
North Gower 1.49 6.84 269.08 1.28 5.76 226.76
Vankleek Hil 1.62 6.97 274.20 1.03 5.51 216.92
Huron FOB 1.55 1.59 1.63 1.72 6.90 271.44 0.97 5.45 214.56
Kent FOB 1.65 7.00 275.38 1.05 5.53 217.71
Lamb FOB N/A 1.00 5.48 215.74
Mdsx FOB 1.60N/A N/A N/A 6.95 273.41 1.05 5.53 217.71
FOB SW Que 2.10 7.45 293.10N/A
Track 1.83 7.18 282.47N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A 1.27 5.75 226.37
Jhnstwn-Eth N/A N/A N/A N/A 1.62 6.10 240.15
Aylmer-Eth N/A N/A N/A 1.95 1.20 5.68 223.61
Sarn-Eth N/A N/A N/A N/A N/A
London-Ing N/A N/A N/A 2.10 1.35 5.83 229.52
Pt.Colb-Ing N/A N/A N/A N/A N/A
Cardnl-Ing N/A N/A N/A 2.30 1.60 6.08 239.36
W O Feed 1.99 7.33 288.69
US Rep 2.07 7.42 291.92
Toledo El. -0.09 5.26 206.93 -0.25 4.23 166.38
TRANSFER
Pt. Colb 1.95 7.30 287.19 1.35 5.83 229.52
Prescott N/A 1.46 5.94 233.85
HI SD CRN 1.45 6.79 1/2
*Wet Bid
Exchange rate was 1.2692 down 0.0006
Chicago soybeans closed slightly to sharply lower.
MAR21 HI 14.04 3/4 NOV21 HI 11.91
LOW 13.52 1/4 LOW 11.60
CLOSE13.54 Down 47 3/4 CLOSE 11.63 1/2 Down 27 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +MAR21+MAY21+MAY21
CK Low 3.29 16.83 618.40 2.70 14.34 526.72
CK High 3.35 16.89 620.60 2.80 14.44 530.40
CK Average 3.33 -0.25 16.87 619.93 2.77 -0.29 14.40 529.17
Essex Cty 3.30 16.84 618.76 2.65 14.29 524.88
Mdsx Low 3.27 16.81 617.66 2.68 14.32 525.99
Mdsx High 3.35 16.89 620.60 2.80 14.44 530.40
Mdsx Average3.31 -0.26 16.85 619.13 2.74 -0.31 14.38 528.19
Hensall 3.35 16.89 620.60 2.77 14.40 529.17
Bruce 3.35 16.89 620.60 2.80 14.44 530.40
Putnam 3.35 16.89 620.60 2.80 14.44 530.40
Burford 3.34 16.88 620.23 2.75 14.39 528.56
Port Perry 3.26 16.80 617.29 2.67 14.31 525.62
Norfolk 3.30 16.84 618.76 2.75 14.39 528.56
Palmerston 3.27 16.81 617.66 2.75 14.39 528.56
Varna 3.35 16.89 620.60 2.75 14.39 528.56
Trenton 3.30 16.84 618.76 2.75 14.39 528.56
Winchester 3.38 16.92 621.70 2.79 14.43 530.03
North Gower 3.40 16.94 622.44 2.85 14.49 532.23
Vankleek Hil3.28 16.82 618.03 2.66 14.30 525.25
Huron FOB 3.47 3.47 3.53 3.53 17.01 625.01 2.78 14.42 529.66
Kent FOB 3.40 16.94 622.44 2.75 14.39 528.56
Lambton FOB 3.60 17.14 629.79 3.00 14.64 537.74
Mdsx FOB 3.44 3.50 N/A N/A 16.98 623.91 2.87 14.51 532.97
PROCESSORS
Windsor 3.66 17.20 631.99 2.94 14.58 535.54
TRANSFER
Hamilton 3.80 17.34 637.14 3.20 14.84 545.09
Prescott N/A 3.03 14.67 538.85
Port Colborn3.79 17.33 636.77 3.28 14.92 548.03
Toledo El. -0.13 13.41 492.85 -0.44 11.19 411.19
Exchange rate was 1.2692 down 0.0006
Chicago wheat closed moderately lower to lower.
MAR21 HI 6.50 1/2 JUL21 HI 6.42
LOW 6.26 3/4 LOW 6.21 3/4
CLOSE 6.35 1/2 Down 14 CLOSE 6.29 1/2 Down 11 1/2
Minni wheat closed moderately lower.
MAR21 HI 6.30 1/2 SEP21 HI 6.53 3/4
LOW 6.14 1/4 LOW 6.40
CLOSE 6.18 3/4 Down 7 3/4 CLOSE 6.44 1/4 Down 7 3/4
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 1.40 N/A N/A N/A 1.10 N/A
London 1.33 1.26 1.26 N/A 1.24 1.24 1.05 N/A
Hensall 1.45 N/A 1.40 N/A 1.35 N/A 1.10 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.10 N/A
Bruce 1.40 1.40 1.40 1.40 1.30 1.30 1.10 1.30
Essex N/A N/A 1.30 N/A N/A N/A 1.00 N/A
Norwich 1.45 N/A 1.40 N/A 1.35 N/A 1.10 N/A
Port Hope N/A N/A N/A N/A N/A N/A 1.10 N/A
Kent Bridge 1.45 N/A 1.40 N/A 1.35 N/A 1.10 N/A
Chatham N/A N/A 1.30 N/A N/A N/A 1.00 N/A
Brigden N/A N/A 1.30 N/A N/A N/A 1.00 N/A
Palmerston N/A 1.13 1.32 1.34 N/A 1.24 1.05 1.28
Varna 1.40 1.45 1.35 N/A 1.30 1.35 1.05 N/A
Mitchell 1.45 1.55 1.40 N/A 1.35 1.30 1.10 N/A
Thornton N/A N/A N/A 1.06 N/A N/A N/A N/A
North Gower N/A 1.17 1.17 0.90 N/A 1.15 1.15 1.11
W O Feed 1.96
TERMINAL
Port Colbor N/A N/A 1.72 N/A N/A N/A 1.38 N/A
PROCESSORS
Toledo FM N/A N/A 1.71 N/A N/A N/A 1.69 N/A
Toledo El. 6.36US 8.07CA 6.25US 7.92CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 630.86
DDG's FOB Srn & Aylm 360.00
---
Ontario Grain Market Commentary for February 10, 2021
By Todd Austin, Grain Farmers of Ontario
COMMODITY PERIOD PRICE WEEKLY MOVEMENT
Corn CBOT Mar 5.34 ½ ↓ 17 ½ Cents
Soybeans CBOT Mar 13.54 ↓ 17 ¼ Cents
Wheat CBOT Mar 6.35 ½ ↓ 10 ½ Cent
Wheat Minn. Mar 6.18 ¾ ↓ 6 ¼ Cents
Wheat Kansas Mar 6.14 ↓ 11 ¼ Cents
Oats CBOT Mar 3.48 ¼ ↓ ¾ Cents
Canadian $ Mar 0.7879 ↑ 50 Points
CORN:
The USDA released its latest WASDE report on February 9. Corn exports increased by 50 million tonnes from the previous report in January. The increase in demand led to reducing the carryout by 50 million bushels to 1.5 billion bushels. The previous year's carryout totaled 1.9 billion bushels. Production was higher than the previous year; demand was even stronger. The trade was expecting a much lower carryout than what was reported by the USDA.
SOYBEANS:
The USDA increased soybean exports by 20 million bushels from their January estimates. This increase in exports brings the estimated year-end carryout to 120 million bushels. The trade was anticipating a carryout of 123 million bushels.
Brazilian soybean harvest continues at a slow pace. Approximately 4% of the crop has been harvested, compared to 16% last year. This has been reported to be the slowest harvest pace in a decade.
WHEAT:
The USDA WASDE report did not adjust the U.S. domestic balance sheet this month. Carryout remains at 836 million bushels. There was some adjustment by wheat class, but these adjustments offset each other. Last year, the carryout was 1.03 billion bushels. Stronger demand coupled with lower production has led to a reduction in overall carryout.
----
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/20210210/043fda72/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: wheatcom.pdf
Type: application/pdf
Size: 721075 bytes
Desc: wheatcom.pdf
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20210210/043fda72/attachment-0002.pdf>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: grain.pdf
Type: application/pdf
Size: 503082 bytes
Desc: grain.pdf
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20210210/043fda72/attachment-0003.pdf>
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: corn.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20210210/043fda72/attachment-0001.txt>
More information about the Farmmarketnews
mailing list