[Farmmarketnews] Wednesday Ontario Commodity Report and Weekly GFO Grain Market Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Jan 6 15:55:58 EST 2021
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 6
(All Bases in CAD)
Exchange rate was 1.2685 up 0.0020
Chicago corn closed slightly higher.
MAR21 HI 5.02 3/4 DEC21 HI 4.44
LOW 4.91 1/2 LOW 4.37 3/4
CLOSE4.95 Up 3 1/4 CLOSE 4.41 1/4 Up 2 3/4
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +MAR21+MAY21+MAY21
CK Low 1.35 6.30 248.02 0.95 5.36 211.11
CK High 1.40 6.35 249.99 0.95 5.36 211.11
CK Avg 1.37 0.03 6.32 248.68 0.95 -0.18 5.36 211.11
Essex Cty 1.40 6.35 249.99 0.95 5.36 211.11
Mdsx Low 1.35 6.30 248.02 0.95 5.36 211.11
Mdsx High 1.35 6.30 248.02 0.95 5.36 211.11
Mdsx Avg 1.35 0.02 6.30 248.02 0.95 -0.18 5.36 211.11
Hensall 1.40 6.35 249.99 0.97 5.38 211.77
Bruce 1.35 6.30 248.02 0.95 5.36 211.11
Putnam 1.35 6.30 248.02 0.95 5.36 211.11
Burford 1.35 6.30 248.02 0.95 5.36 211.11
Port Perry 1.40 6.35 249.99 0.95 5.36 211.11
Norfolk 1.40 6.35 249.99 0.95 5.36 211.11
Palmerston 1.32 6.27 246.84 0.95 5.36 211.11
Varna 1.40 6.35 249.99 0.95 5.36 211.11
Trenton 1.45 6.40 251.96 1.00 5.41 213.08
Winchester 1.45 6.40 251.96 1.25 5.66 222.92
North Gower 1.44 6.39 251.56 1.25 5.66 222.92
Vankleek Hil 1.90 6.85 269.67 1.08 5.49 216.23
Huron FOB 1.61 1.64 1.66 1.69 6.56 258.26 0.95 5.36 211.11
Kent FOB 1.70 6.65 261.80 1.00 5.41 213.08
Lamb FOB 1.62 6.57 258.65 1.03 5.44 214.26
Mdsx FOB 1.60 1.65N/A N/A 6.55 257.86 1.00 5.41 213.08
FOB SW Que 1.97 6.92 272.43N/A
Track 1.88 6.83 268.69N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A 1.21 5.62 221.35
Jhnstwn-Eth N/A N/A N/A N/A N/A
Aylmer-Eth N/A 1.70 1.75 1.80 1.20 5.61 220.95
Sarn-Eth 1.70 1.75N/A N/A 6.65 261.80N/A
London-Ing 1.80 1.85 1.90 1.95 6.75 265.74 1.25 5.66 222.92
Pt.Colb-Ing N/A N/A N/A N/A N/A
Cardnl-Ing N/A 2.00N/A N/A 1.35 5.76 226.86
W O Feed 1.99 6.94 273.29
US Rep 1.96 6.91 272.03
Toledo El. 0.04 4.99 196.37 -0.25 4.16 163.74
TRANSFER
Pt. Colb 1.80 6.75 265.74 1.20 5.61 220.95
Prescott N/A 1.45 5.86 230.80
HI SD CRN 1.40 6.35
*Wet Bid
Exchange rate was 1.2685 up 0.0020
Chicago soybeans closed moderately higher.
MAR21 HI 13.78 1/4 NOV21 HI 11.63 1/4
LOW 13.54 1/2 LOW 11.42 1/2
CLOSE13.61 1/2 Up 14 1/2 CLOSE 11.53 1/4 Up 12
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +MAR21+MAR21+MAY21
CK Low 3.30 16.92 621.52 2.55 14.08 517.44
CK High 3.31 16.93 621.89 2.60 14.13 519.28
CK Average 3.30 -0.28 16.92 621.58 2.58 -0.39 14.12 518.67
Essex Cty 3.30 16.92 621.52 2.60 14.13 519.28
Mdsx Low 3.29 16.91 621.15 2.53 14.06 516.71
Mdsx High 3.30 16.92 621.52 2.60 14.13 519.28
Mdsx Average3.30 -0.28 16.91 621.34 2.57 -0.41 14.10 517.99
Hensall 3.30 16.92 621.52 2.57 14.10 518.06
Bruce 3.30 16.92 621.52 2.60 14.13 519.28
Putnam 3.30 16.92 621.52 2.60 14.13 519.28
Burford 3.36 16.98 623.72 2.60 14.13 519.28
Port Perry 3.28 16.90 620.78 2.52 14.05 516.34
Norfolk 3.30 16.92 621.52 2.60 14.13 519.28
Palmerston 3.27 16.89 620.42 2.63 14.16 520.38
Varna 3.30 16.92 621.52 2.55 14.08 517.44
Trenton 3.30 16.92 621.52 2.60 14.13 519.28
Winchester 3.30 16.92 621.52 2.55 14.08 517.44
North Gower 3.00 16.62 610.50 2.53 14.06 516.71
Vankleek Hil3.33 16.95 622.62 2.69 14.22 522.59
Huron FOB 3.61 3.65 3.65 3.64 17.23 632.91 2.66 14.19 521.49
Kent FOB 3.40 17.02 625.19 2.60 14.13 519.28
Lambton FOB 3.60 17.22 632.54 2.75 14.28 524.79
Mdsx FOB 3.49 3.56 3.56 N/A 17.11 628.50 2.65 14.18 521.12
PROCESSORS
Windsor 3.77 17.39 638.79 2.84 14.37 528.10
TRANSFER
Hamilton 3.85 17.47 641.73 3.05 14.58 535.82
Prescott N/A 3.00 14.53 533.98
Port Colborn3.77 17.39 638.79 3.06 14.59 536.18
Toledo El. -0.06 13.55 497.94 -0.44 11.09 407.45
Exchange rate was 1.2685 up 0.0020
Chicago wheat closed mixed.
MAR21 HI 6.60 1/4 JUL21 HI 6.45
LOW 6.46 LOW 6.34 3/4
CLOSE 6.47 1/2 Down 6 1/2 CLOSE 6.39 Down 1 1/4
Minni wheat closed slightly lower.
MAR21 HI 6.12 3/4 SEP21 HI 6.28 1/2
LOW 6.03 3/4 LOW 6.21 1/2
CLOSE 6.06 1/4 Down 1 CLOSE 6.23 1/4 Down 1
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 1.30 N/A N/A N/A 1.05 N/A
London 1.39 1.32 1.32 N/A 1.28 1.28 1.09 N/A
Hensall 1.35 N/A 1.30 N/A 1.35 N/A 1.05 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.15 N/A
Bruce 1.30 1.40 1.30 1.40 1.25 1.30 1.10 1.30
Essex N/A N/A 1.30 N/A N/A N/A 1.05 N/A
Norwich 1.35 N/A 1.30 N/A 1.35 N/A 1.05 N/A
Port Hope N/A N/A N/A N/A N/A N/A 1.10 N/A
Kent Bridge 1.35 N/A 1.30 N/A 1.35 N/A 1.05 N/A
Chatham N/A N/A 1.30 N/A N/A N/A 1.05 N/A
Brigden N/A N/A 1.30 N/A N/A N/A 1.05 N/A
Palmerston N/A 1.16 1.16 N/A N/A 1.29 1.10 N/A
Varna 1.30 1.40 1.30 N/A 1.25 1.25 1.05 N/A
Mitchell 1.35 1.45 1.30 N/A 1.35 1.30 1.05 N/A
Thornton N/A N/A N/A 1.36 N/A N/A N/A N/A
North Gower N/A 1.07 1.07 0.65 N/A 1.12 1.12 0.75
W O Feed 1.96
TERMINAL
Port Colbor N/A N/A 1.78 N/A N/A N/A 1.48 N/A
PROCESSORS
Toledo FM N/A N/A 1.87 N/A N/A N/A 1.83 N/A
Toledo El. 6.48US 8.21CA 6.34US 8.03CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 637.48
DDG's FOB Srn & Aylm 310.00 - 320.00
---
Ontario Grain Market Commentary for January 6, 2021
By Todd Austin, Grain Farmers of Ontario
Wednesday, January 6, 2021
COMMODITY PERIOD PRICE WEEKLY MOVEMENT
Corn CBOT Mar 4.95 ↑ 20 ½ Cents
Soybeans CBOT Mar 13.61 ½ ↑ 61 Cents
Wheat CBOT Mar 6.47 ½ ↑ 6 ¾ Cent
Wheat Minn. Mar 6.06 ¼ ↑ 10 Cents
Wheat Kansas Mar 6.03 ½ ↑ 18 ½ Cents
Oats CBOT Mar 3.59 ¾ ↑ 10 ¾ Cents
Canadian $ Mar 0.7885 ↑ 49 Points
CORN:
As the country deals with food price inflation, Argentina has suspended corn exports until March of this year, in an effort to protect domestic supplies. In the 2019/2020 marketing year, Argentina had exported 34.2 million tonnes of corn which accounted for nearly a quarter of all global exports for that time period. The CBOT corn futures rose to a 6 and a half year high after Argentina made the announcement.
SOYBEANS:
Since the beginning of the new marketing year in September, U.S. soybean crush has been strong. In the months of October and November, crush numbers came in above 180 million bushels. Exports have been equally strong during this time period. As a result, soybean futures have climbed to levels not seen since early 2014. As demand continues to grow, we may see future values continue to climb in order to further ration demand.
WHEAT:
Due to an upcoming wheat export tax, Russia has lowered its expected wheat exports from 40.8 million tonnes to 36.3 million. This tax will be implemented to help stabilize domestic food prices. As a result, Black Sea wheat values are at a six-year high. Demand for wheat remains strong as importing countries look to maintain or increase stockpiles in order to ensure domestic food security. This increased demand should help support higher prices.
---
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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