[Farmmarketnews] Wednesday Ontario Commodity Report and Weekly GFO Grain Market Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Jan 13 15:36:09 EST 2021
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 13
(All Bases in CAD)
Exchange rate was 1.2686 down 0.0030
Chicago corn closed mixed.
MAR21 HI 5.41 1/2 DEC21 HI 4.65 1/2
LOW 5.22 1/4 LOW 4.51 1/4
CLOSE5.24 1/2 Up 7 1/4 CLOSE 4.53 1/4 Down 4 1/4
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 6.60 259.63 0.95 5.48 215.84
CK High 1.45 6.70 263.57 0.95 5.48 215.84
CK Avg 1.40 -0.01 6.65 261.60 0.95 -0.21 5.48 215.84
Essex Cty 1.45 6.70 263.57 0.95 5.48 215.84
Mdsx Low 1.35 6.60 259.63 0.95 5.48 215.84
Mdsx High 1.40 6.65 261.60 0.95 5.48 215.84
Mdsx Avg 1.38 -0.03 6.62 260.62 0.95 -0.21 5.48 215.84
Hensall 1.40 6.65 261.60 0.97 5.50 216.49
Bruce 1.40 6.65 261.60 0.95 5.48 215.84
Putnam 1.35 6.60 259.63 0.95 5.48 215.84
Burford 1.45 6.70 263.57 0.95 5.48 215.84
Port Perry 1.45 6.70 263.57 1.00 5.53 217.80
Norfolk 1.45 6.70 263.57 0.95 5.48 215.84
Palmerston 1.30 6.55 257.67 0.95 5.48 215.84
Varna 1.40 6.65 261.60 0.95 5.48 215.84
Trenton 1.50 6.75 265.54 1.00 5.53 217.80
Winchester 1.45 6.70 263.57 1.25 5.78 227.65
North Gower 1.49 6.74 265.15 1.26 5.79 228.04
Vankleek Hil 1.68 6.93 272.63 1.10 5.63 221.74
Huron FOB 1.56 1.59 1.62 1.65 6.81 267.90 1.00 5.53 217.80
Kent FOB 1.68 6.93 272.63 1.05 5.58 219.77
Lamb FOB N/A 1.10 5.63 221.74
Mdsx FOB N/A N/A N/A N/A 1.00 5.53 217.80
FOB SW Que 1.92 7.17 282.07N/A
Track 1.89 7.14 280.89N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A 1.11 5.64 222.14
Jhnstwn-Eth N/A N/A N/A N/A 1.43 5.96 234.73
Aylmer-Eth N/A N/A N/A N/A 1.20 5.73 225.68
Sarn-Eth N/A N/A N/A N/A N/A
London-Ing N/A N/A N/A N/A 1.25 5.78 227.65
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 5.88 231.58
W O Feed 2.02 7.27 286.01
US Rep 2.04 7.29 286.80
Toledo El. -0.06 5.18 203.99 -0.25 4.28 168.45
TRANSFER
Pt. Colb 1.80 7.05 277.35 1.20 5.73 225.68
Prescott N/A 1.50 6.03 237.49
HI SD CRN 1.45 6.69 1/2
*Wet Bid
Exchange rate was 1.2686 down 0.0030
Chicago soybeans closed mixed.
MAR21 HI 14.36 1/2 NOV21 HI 11.86
LOW 14.03 1/4 LOW 11.72
CLOSE14.06 1/4 Down 12 CLOSE 11.76 Down 1/2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +MAR21+MAR21+MAY21
CK Low 3.35 17.41 639.80 2.69 14.45 530.95
CK High 3.45 17.51 643.47 2.75 14.51 533.15
CK Average 3.41 -0.29 17.47 641.94 2.72 -0.34 14.48 531.87
Essex Cty 3.45 17.51 643.47 2.70 14.46 531.31
Mdsx Low 3.33 17.39 639.06 2.67 14.43 530.21
Mdsx High 3.40 17.46 641.64 2.70 14.46 531.31
Mdsx Average3.37 -0.33 17.43 640.35 2.69 -0.37 14.45 530.76
Hensall 3.40 17.46 641.64 2.70 14.46 531.31
Bruce 3.40 17.46 641.64 2.70 14.46 531.31
Putnam 3.40 17.46 641.64 2.70 14.46 531.31
Burford 3.40 17.46 641.64 2.74 14.50 532.78
Port Perry 3.32 17.38 638.70 2.66 14.42 529.84
Norfolk 3.45 17.51 643.47 2.75 14.51 533.15
Palmerston 3.27 17.33 636.86 2.58 14.34 526.90
Varna 3.40 17.46 641.64 2.70 14.46 531.31
Trenton 3.40 17.46 641.64 2.70 14.46 531.31
Winchester 3.55 17.61 647.15 2.70 14.46 531.31
North Gower 3.17 17.23 633.19 2.65 14.41 529.48
Vankleek Hil3.48 17.54 644.58 2.80 14.56 534.99
Huron FOB 3.66 3.72 3.72 3.78 17.72 651.19 2.79 14.55 534.62
Kent FOB 3.45 17.51 643.47 2.75 14.51 533.15
Lambton FOB 3.60 17.66 648.99 2.75 14.51 533.15
Mdsx FOB 3.53 3.59 3.65 N/A 17.59 646.41 2.80 14.56 534.99
PROCESSORS
Windsor 3.78 17.84 655.60 2.91 14.67 539.03
TRANSFER
Hamilton 3.90 17.96 660.01 3.20 14.96 549.69
Prescott N/A 3.11 14.87 546.38
Port Colborn3.94 18.00 661.48 3.21 14.97 550.05
Toledo El. -0.13 13.94 512.05 -0.44 11.32 415.80
Exchange rate was 1.2686 down 0.0030
Chicago wheat closed slightly lower.
MAR21 HI 6.80 3/4 JUL21 HI 6.60 1/2
LOW 6.56 1/4 LOW 6.42
CLOSE 6.60 1/2 Down 4 1/2 CLOSE 6.47 1/2 Down 3 1/2
Minni wheat closed moderately higher.
MAR21 HI 6.36 SEP21 HI 6.47 3/4
LOW 6.18 1/2 LOW 6.32 1/4
CLOSE 6.28 3/4 Up 8 CLOSE 6.42 1/4 Up 6 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 1.35 N/A N/A N/A 1.05 N/A
London 1.43 1.37 1.37 N/A 1.32 1.32 1.13 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 1.10 N/A
Bruce 1.30 1.40 1.30 1.40 1.25 1.30 1.10 1.30
Essex N/A N/A 1.35 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 1.35 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 1.20 1.20 N/A N/A 1.28 1.09 N/A
Varna 1.35 1.40 1.35 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 1.31 N/A N/A N/A N/A
North Gower N/A 1.07 1.07 0.65 N/A 1.15 1.15 0.75
W O Feed 2.02
TERMINAL
Port Colbor N/A N/A 1.82 N/A N/A N/A 1.52 N/A
PROCESSORS
Toledo FM N/A N/A 1.90 N/A N/A N/A 1.86 N/A
Toledo El. 6.61US 8.38CA 6.43US 8.15CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 663.71
DDG's FOB Srn & Aylm 330.00
---
Ontario Grain Market Commentary for January 13, 2021
By Todd Austin, Grain Farmers of Ontario
Wednesday, January 13, 2021
COMMODITY PERIOD PRICE WEEKLY MOVEMENT
Corn CBOT Mar 5.24 ½ ↑ 29 ½ Cents
Soybeans CBOT Mar 14.06 ¼ ↑ 44 ¾ Cents
Wheat CBOT Mar 6.60 ½ ↑ 13 Cent
Wheat Minn. Mar 6.28 ¾ ↑ 22 ½ Cents
Wheat Kansas Mar 6.25 ¾ ↑ 22 ¼ Cents
Oats CBOT Mar 3.61 ¾ ↑ 2 Cents
Canadian $ Mar 0.7885 ↓ 8 Points
CORN:
U.S. farmers harvested their 5th largest corn crop this year. Production totalled 14.182 billion bushels. In the recent January report, the USDA reduced the yield estimates from 175.8 bushels per acre down to 172 bushels per acre. Also reduced was its estimate of the 2019 corn carryout. These revised figures, calculated together with acres harvested tallied in below trade expectations. The corn market reacted to this news by locking the nearby corn futures up limit of 25 cents for the remainder of the trading day. Nearby corn futures remained higher the day after the USDA January report.
SOYBEANS:
U.S. farmers also harvested a large soybean crop of 4.135 billion bushels this year. The January WASDE report reduced yields from 50.7 bushels per acre to 50.2 bushels. The USDA also increased demand for both crush and exports, resulting in an expected carryout of 140 million bushels for this crop year. This will be the tightest carry out since the 2013/2014 marketing year. Soybean futures reacted with a strong rally in the nearby markets of nearly 46 cents.
WHEAT:
The USDA estimates that 32 million acres of winter wheat have been planted in the U.S. this past fall. This can be broken down to 22.3 million acres of hard red winter wheat, 6.23 million acres of soft red winter wheat, and 3.48 million acres of white wheat. The total acreage of winter wheat plantings is in line with the five-year average of 32.66 million acres.
Egypt cancelled a recent tender for a Feb – March shipment as offers have jumped nearly $30 per tonne higher than similar tenders offered in the previous month.
---
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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