[Farmmarketnews] Wednesday Ontario Commodity Report and Weekly GFO Grain Market Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Feb 17 15:42:48 EST 2021
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 17
(All Bases in CAD)
Exchange rate was 1.27 up 0.0017
Chicago corn closed slightly higher.
MAR21 HI 5.54 3/4 DEC21 HI 4.60
LOW 5.47 1/2 LOW 4.50 3/4
CLOSE5.53 Up 3/4 CLOSE 4.60 Up 2 1/4
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 6.98 274.79 0.95 5.55 218.49
CK High 1.45 6.98 274.79 0.95 5.55 218.49
CK Avg 1.45 -0.03 6.98 274.79 0.95 -0.23 5.55 218.49
Essex Cty 1.45 6.98 274.79 0.95 5.55 218.49
Mdsx Low 1.45 6.98 274.79 0.95 5.55 218.49
Mdsx High 1.45 6.98 274.79 0.95 5.55 218.49
Mdsx Avg 1.45 -0.03 6.98 274.79 0.95 -0.23 5.55 218.49
Hensall 1.47 7.00 275.45 0.97 5.57 219.15
Bruce 1.45 6.98 274.79 0.95 5.55 218.49
Putnam 1.45 6.98 274.79 0.95 5.55 218.49
Burford 1.45 6.98 274.79 0.95 5.55 218.49
Port Perry 1.50 7.03 276.76 1.00 5.60 220.46
Norfolk 1.45 6.98 274.79 0.95 5.55 218.49
Palmerston 1.43 6.96 274.00 0.99 5.59 220.07
Varna 1.45 6.98 274.79 0.95 5.55 218.49
Trenton 1.50 7.03 276.76 0.95 5.55 218.49
Winchester 1.50 7.03 276.76 1.30 5.90 232.27
North Gower 1.49 7.02 276.37 1.33 5.93 233.45
Vankleek Hil 1.66 7.19 283.06 1.17 5.77 227.15
Huron FOB 1.60 1.64 1.68 1.78 7.13 280.70 0.95 5.55 218.49
Kent FOB 1.60 7.13 280.70 1.05 5.65 222.43
Lamb FOB N/A 1.05 5.65 222.43
Mdsx FOB 1.60 1.60N/A N/A 7.13 280.70 1.05 5.65 222.43
FOB SW Que 2.31 7.84 308.65N/A
Track 1.83 7.36 289.75N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A 1.30 5.90 232.27
Jhnstwn-Eth N/A N/A N/A N/A 1.61 6.21 244.48
Aylmer-Eth N/A N/A N/A 1.95 1.25 5.85 230.30
Sarn-Eth N/A N/A N/A N/A N/A
London-Ing N/A N/A N/A 2.10 1.35 5.95 234.24
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 6.20 244.08
W O Feed 2.03 7.56 297.55
US Rep 2.13 7.66 301.56
Toledo El. -0.09 5.44 214.21 -0.25 4.35 171.09
TRANSFER
Pt. Colb 1.95 7.48 294.47 1.35 5.95 234.24
Prescott N/A 1.56 6.16 242.51
HI SD CRN 1.45 6.98
*Wet Bid
Exchange rate was 1.27 up 0.0017
Chicago soybeans closed narrowly mixed.
MAR21 HI 13.90 NOV21 HI 11.93 1/2
LOW 13.76 1/4 LOW 11.82 1/2
CLOSE13.83 3/4 Down 1 CLOSE 11.89 Up 3 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 3.30 17.14 629.70 2.78 14.67 539.03
CK High 3.35 17.19 631.53 2.80 14.69 539.77
CK Average 3.33 -0.32 17.17 630.86 2.80 -0.33 14.69 539.64
Essex Cty 3.30 17.14 629.70 2.70 14.59 536.09
Mdsx Low 3.32 17.16 630.43 2.76 14.65 538.30
Mdsx High 3.35 17.19 631.53 2.80 14.69 539.77
Mdsx Average3.34 -0.32 17.17 630.98 2.78 -0.34 14.67 539.03
Hensall 3.32 17.15 630.31 2.75 14.64 537.93
Bruce 3.30 17.14 629.70 2.75 14.64 537.93
Putnam 3.35 17.19 631.53 2.80 14.69 539.77
Burford 3.39 17.23 633.00 2.83 14.72 540.87
Port Perry 3.31 17.15 630.06 2.75 14.64 537.93
Norfolk 3.30 17.14 629.70 2.80 14.69 539.77
Palmerston 3.36 17.20 631.90 2.83 14.72 540.87
Varna 3.30 17.14 629.70 2.75 14.64 537.93
Trenton 3.35 17.19 631.53 2.80 14.69 539.77
Winchester 3.30 17.14 629.70 2.80 14.69 539.77
North Gower 3.40 17.24 633.37 2.91 14.80 543.81
Vankleek Hil3.27 17.11 628.59 2.73 14.62 537.19
Huron FOB 3.58 3.58 3.65 3.65 17.42 639.98 2.89 14.78 543.07
Kent FOB 3.45 17.29 635.21 2.80 14.69 539.77
Lambton FOB 3.60 17.44 640.72 3.00 14.89 547.11
Mdsx FOB 3.56 3.56 N/A N/A 17.40 639.25 2.95 14.84 545.28
PROCESSORS
Windsor 3.73 17.57 645.50 3.00 14.89 547.11
TRANSFER
Hamilton 3.85 17.69 649.90 3.25 15.14 556.30
Prescott N/A 3.30 15.19 558.14
Port Colborn3.84 17.68 649.54 3.36 15.25 560.34
Toledo El. -0.13 13.71 503.77 -0.44 11.45 420.55
Exchange rate was 1.27 up 0.0017
Chicago wheat closed moderately lower to lower.
MAR21 HI 6.61 1/4 JUL21 HI 6.49
LOW 6.38 1/2 LOW 6.31 1/4
CLOSE 6.44 Down 13 1/2 CLOSE 6.37 1/4 Down 9 1/2
Minni wheat closed moderately lower.
MAR21 HI 6.32 SEP21 HI 6.55 3/4
LOW 6.17 1/2 LOW 6.42 3/4
CLOSE 6.23 Down 8 1/4 CLOSE 6.49 1/2 Down 6 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 1.35 N/A N/A N/A 1.05 N/A
London 1.44 1.38 1.38 N/A 1.29 1.29 1.10 N/A
Hensall 1.40 N/A 1.35 N/A 1.30 N/A 1.05 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.05 N/A
Bruce 1.35 1.45 1.35 1.40 1.25 1.30 1.10 1.30
Essex N/A N/A 1.35 N/A N/A N/A 1.05 N/A
Norwich 1.40 N/A 1.35 N/A 1.30 N/A 1.05 N/A
Port Hope N/A N/A N/A N/A N/A N/A 1.05 N/A
Kent Bridge 1.40 N/A 1.35 N/A 1.30 N/A 1.05 N/A
Chatham N/A N/A 1.35 N/A N/A N/A 1.05 N/A
Brigden N/A N/A 1.35 N/A N/A N/A 1.05 N/A
Palmerston N/A 1.42 1.35 1.36 N/A 1.25 1.06 1.30
Varna 1.35 1.40 1.35 N/A 1.25 1.25 1.05 N/A
Mitchell 1.40 1.50 1.35 N/A 1.30 1.25 1.05 N/A
Thornton N/A N/A N/A 1.15 N/A N/A N/A N/A
North Gower N/A 1.20 1.20 0.90 N/A 1.04 1.04 1.11
W O Feed 2.01
TERMINAL
Port Colbor N/A N/A 1.83 N/A N/A N/A 1.43 N/A
PROCESSORS
Toledo FM N/A N/A 1.74 N/A N/A N/A 1.72 N/A
Toledo El. 6.44US 8.18CA 6.32US 8.03CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 635.71
DDG's FOB Srn & Aylm 360.00 - 370.00
---
Ontario Grain Market Commentary for February 17, 2021
By Todd Austin, Grain Farmers of Ontario
Wednesday, February 17, 2021
COMMODITY PERIOD PRICE WEEKLY MOVEMENT
Corn CBOT Mar 5.53 ↑ 18 ½ Cents
Soybeans CBOT Mar 13.83¾ ↑ 29 ¾ Cents
Wheat CBOT Mar 6.44 ↑ 8 ½ Cent
Wheat Minn. Mar 6.23 ↑ 4 ¼ Cents
Wheat Kansas Mar 6.24½ ↑ 10 ½ Cents
Oats CBOT Mar 3.52¾ ↑ 4 ½ Cents
Canadian $ Mar 0.7876 ↓ 3 Points
CORN:
The Brazil Safrinha corn planting continues to progress slowly. The ideal planting window is closing, and it is estimated that the majority of the Safrinha corn crop will be planted after the ideal planting dates. The Safrinha corn crop is estimated to be 35.4 million acres, an increase of 4% from last year. This crop accounts for roughly 75% of the total Brazilian corn production.
As of February 11, the U.S. has booked 697 million bushels of corn to China. Last year at this time the U.S. had booked 2.4 million bushels to China.
SOYBEANS:
The National Oilseed Processors Association (NOPA) reported that soybean crush was 184.7 million bushels for the month of January. This is up 4% from this time last year and exceeded the trade estimates of 183.087 million bushels. Daily crushing rates are averaging nearly 6 million bushels per day. Total crush since the beginning of the marketing year in September is 896 million bushels. Ending stocks of U.S. soybeans are expected to be the tightest in years. NOPA members account for 95 per cent of all soybeans processed in the U.S.
WHEAT:
Wheat futures climbed higher recently on fears that cold temperatures in the U.S. plains may have damaged winter wheat. Last week, Commodity Weather Group estimated that 10% of the U.S. soft wheat crop and 15% of the U.S. hard red wheat crop were at risk of damage from winterkill due to freezing temperatures. In areas lacking adequate snow cover, prolonged cold temperatures can adversely affect wheat, although it is too early to tell if there has been damage to the U.S. winter wheat crop.
---
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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