[Farmmarketnews] Wednesday Ontario Commodity Report and Weekly GFO Grain Market Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Mar 17 15:46:22 EDT 2021
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, March 17
(All Bases in CAD)
Exchange rate was 1.2412 down 0.0028
Chicago corn closed mixed.
MAY21 HI 5.58 1/2 DEC21 HI 4.77 1/2
LOW 5.52 LOW 4.72 3/4
CLOSE5.58 Up 3 3/4 CLOSE 4.75 1/2 Down 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+JUL21+JUL21
CK Low 1.40 6.98 274.79 0.90 5.66 222.63
CK High 1.40 6.98 274.79 0.95 5.71 224.60
CK Avg 1.40 0.04 6.98 274.79 0.91 -0.19 5.66 222.96
Essex Cty 1.40 6.98 274.79 0.90 5.66 222.63
Mdsx Low 1.40 6.98 274.79 0.90 5.66 222.63
Mdsx High 1.40 6.98 274.79 0.90 5.66 222.63
Mdsx Avg 1.40 0.04 6.98 274.79 0.90 -0.20 5.66 222.63
Hensall 1.40 6.98 274.79 0.93 5.69 223.94
Bruce 1.35 6.93 272.82 0.90 5.66 222.63
Putnam 1.40 6.98 274.79 0.90 5.66 222.63
Burford 1.40 6.98 274.79 0.90 5.66 222.63
Port Perry 1.45 7.03 276.76 0.95 5.71 224.60
Norfolk 1.40 6.98 274.79 0.90 5.66 222.63
Palmerston 1.36 6.94 273.22 0.91 5.67 223.02
Varna 1.40 6.98 274.79 0.90 5.66 222.63
Trenton 1.45 7.03 276.76 0.95 5.71 224.60
Winchester 1.40 6.98 274.79 1.40 6.16 242.31
North Gower 1.40 6.98 274.79 1.30 6.06 238.37
Vankleek Hil 1.52 7.10 279.51 1.05 5.81 228.53
Huron FOB 1.43 1.50 1.68 1.72 7.01 275.97 0.90 5.66 222.63
Kent FOB 1.52 7.10 279.51 1.02 5.78 227.35
Lamb FOB N/A 1.05 5.81 228.53
Mdsx FOB 1.55 1.60N/A N/A 7.13 280.70 1.05 5.81 228.53
FOB SW Que 2.39 7.97 313.77N/A
Track 1.72 7.30 287.39N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A 1.25 6.01 236.41
Jhnstwn-Eth N/A N/A N/A N/A 1.47 6.23 245.07
Aylmer-Eth N/A N/A 1.84N/A 1.25 6.01 236.41
Sarn-Eth N/A N/A N/A N/A N/A
London-Ing N/A N/A N/A N/A 1.30 6.06 238.37
Pt.Colb-Ing N/A N/A N/A N/A N/A
Cardnl-Ing N/A N/A N/A N/A 1.55 6.31 248.22
W O Feed 1.90 7.48 294.47
US Rep 1.98 7.56 297.62
Toledo El. 0.00 5.58 219.67 -0.25 4.51 177.42
TRANSFER
Pt. Colb 1.80 7.38 290.54 1.35 6.11 240.34
Prescott 1.92 7.50 295.26 1.50 6.26 246.25
HI SD CRN 1.40 6.98
*Wet Bid
Exchange rate was 1.2412 down 0.0028
Chicago soybeans closed slightly to moderately lower.
MAY21 HI 14.25 1/4 NOV21 HI 12.47
LOW 14.08 LOW 12.32
CLOSE14.17 3/4 Down 5 1/2 CLOSE 12.35 1/2 Down 9 1/2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +MAY21+MAY21+JUL21
CK Low 3.40 17.58 645.86 2.70 15.06 553.18
CK High 3.45 17.63 647.70 2.70 15.06 553.18
CK Average 3.42 0.00 17.59 646.47 2.70 -0.23 15.06 553.18
Essex Cty 3.40 17.58 645.86 2.65 15.01 551.34
Mdsx Low 3.38 17.56 645.13 2.68 15.04 552.44
Mdsx High 3.45 17.63 647.70 2.70 15.06 553.18
Mdsx Average3.42 0.00 17.59 646.41 2.69 -0.23 15.05 552.81
Hensall 3.42 17.59 646.47 2.70 15.06 553.18
Bruce 3.40 17.58 645.86 2.70 15.06 553.18
Putnam 3.45 17.63 647.70 2.70 15.06 553.18
Burford 3.45 17.63 647.70 2.75 15.11 555.01
Port Perry 3.37 17.55 644.76 2.67 15.03 552.07
Norfolk 3.40 17.58 645.86 2.70 15.06 553.18
Palmerston 3.32 17.50 642.92 2.70 15.06 553.18
Varna 3.40 17.58 645.86 2.70 15.06 553.18
Trenton 3.45 17.63 647.70 2.70 15.06 553.18
Winchester 3.17 17.35 637.41 2.61 14.97 549.87
North Gower 3.15 17.33 636.68 2.60 14.96 549.50
Vankleek Hil3.12 17.30 635.57 2.60 14.96 549.50
Huron FOB 3.50 3.65 3.62 3.66 17.68 649.54 2.75 15.11 555.01
Kent FOB 3.50 17.68 649.54 2.70 15.06 553.18
Lambton FOB 3.50 17.68 649.54 2.85 15.21 558.69
Mdsx FOB 3.41 3.41 N/A N/A 17.59 646.23 2.80 15.16 556.85
PROCESSORS
Windsor 3.83 18.01 661.66 2.94 15.30 562.00
TRANSFER
Hamilton 3.85 18.03 662.40 3.15 15.51 569.71
Prescott N/A 3.00 15.36 564.20
Port Colborn3.57 17.75 652.11 3.21 15.57 571.92
Toledo El. 0.19 14.36 527.78 -0.43 11.92 438.01
Exchange rate was 1.2412 down 0.0028
Chicago wheat closed slightly to moderately lower.
MAY21 HI 6.49 1/2 JUL21 HI 6.39 1/2
LOW 6.39 1/4 LOW 6.29 3/4
CLOSE 6.40 Down 7 CLOSE 6.30 1/2 Down 6 1/2
Minni wheat closed slightly lower.
MAY21 HI 6.38 3/4 SEP21 HI 6.52
LOW 6.31 1/2 LOW 6.45 1/4
CLOSE 6.33 1/4 Down 4 1/2 CLOSE 6.46 Down 5 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 1.25 N/A N/A N/A 1.00 N/A
London 1.26 1.20 1.20 N/A 1.16 1.10 0.97 N/A
Hensall N/A N/A N/A N/A 1.25 N/A 1.00 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.05 N/A
Bruce 1.25 1.25 1.25 1.45 1.20 1.25 1.00 1.30
Essex N/A N/A 1.25 N/A N/A N/A 0.95 N/A
Norwich N/A N/A N/A N/A 1.25 N/A 1.00 N/A
Port Hope N/A N/A N/A N/A N/A N/A 1.05 N/A
Kent Bridge N/A N/A N/A N/A 1.25 N/A 1.00 N/A
Chatham N/A N/A 1.25 N/A N/A N/A 0.95 N/A
Brigden N/A N/A 1.25 N/A N/A N/A 0.95 N/A
Palmerston N/A N/A 1.19 1.17 N/A 1.10 0.91 1.14
Varna 1.25 1.30 1.25 N/A 1.20 1.20 1.00 N/A
Mitchell N/A N/A N/A N/A 1.25 1.20 1.00 N/A
Thornton 1.26 1.20 1.20 0.83 1.16 1.10 0.97 N/A
North Gower N/A 1.20 1.20 0.88 N/A 0.90 0.90 0.90
W O Feed 1.95
TERMINAL
Port Colbor N/A N/A 1.64 N/A N/A N/A 1.30 N/A
PROCESSORS
Toledo FM N/A N/A 1.54 N/A N/A N/A 1.52 N/A
Toledo El. 6.40US 7.94CA 6.26US 7.76CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 589.64
DDG's FOB Srn & Aylm 340.00 - 350.00
---
Ontario Grain Market Commentary for March 17, 2021
By Todd Austin, Grain Farmers of Ontario
Wednesday, March 17, 2021
COMMODITY PERIOD PRICE WEEKLY MOVEMENT
Corn CBOT Mar 5.58 ↑ 24 Cents
Soybeans CBOT Mar 14.17 ¾ ↑ 8 Cents
Wheat CBOT Mar 6.40 ↓ 12 ½ Cent
Wheat Minn. Mar 6.33 ¼ ↓ 8 Cents
Wheat Kansas Mar 6.01 ↓ 15 ½ Cents
Oats CBOT Mar 3.71 ½ ↓ 13 Cents
Canadian $ Mar .8058 ↑ 137 Points
CORN:
China has just recently purchased 1.156 million tonnes of U.S. corn. This is the largest corn purchase since the same country bought 2.1 million tonnes back in January of this year. In total, China has purchased nearly 20 million tonnes of corn. However, shipments are lagging sales; approximately 40% of the sales have been shipped to date. The USDA has estimated that China will import 24 million tonnes of corn globally in this current marketing year.
SOYBEANS:
Brazil soybeans are 46% harvested, up 11% from last week, but still well below the previous year’s pace of 59%. Mata Grosso is 80% complete while the state of Parana is only 39% complete. Despite this, the Brazilian Association of oilseed industries estimate soybean production to total 134.8 million tonnes this year, with an estimate of 84 million tonnes to be exported globally.
WHEAT:
The international Grains Council (IGC) raised their forecast for global wheat production for the 2020 / 2021 season in response to increased production revisions for Australia, Kazakhstan, and Russia. The IGC raised global production estimates by 5 million tonnes to 773 million tonnes. Australian production was increased to 33.3 million tonnes. Kazakhstan’s production is now expected to be 14.3 million tonnes, and Russia’s crop is estimated to be 85.3 million tonnes. The IGC outlook for the 2021 / 2022 crop remains unchanged at 790 million tonnes.
---
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/20210317/b624ca0d/attachment-0001.html>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: grain.pdf
Type: application/pdf
Size: 503097 bytes
Desc: grain.pdf
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20210317/b624ca0d/attachment-0002.pdf>
-------------- next part --------------
An embedded and charset-unspecified text was scrubbed...
Name: corn.txt
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20210317/b624ca0d/attachment-0001.txt>
-------------- next part --------------
A non-text attachment was scrubbed...
Name: wheatcom.pdf
Type: application/pdf
Size: 725657 bytes
Desc: wheatcom.pdf
URL: <http://lists.sentex.ca/pipermail/farmmarketnews/attachments/20210317/b624ca0d/attachment-0003.pdf>
More information about the Farmmarketnews
mailing list