[Farmmarketnews] Wednesday Ontario Commodity Report and Weekly GFO Grain Market Commentary
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed May 5 15:28:10 EDT 2021
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 5
(All Bases in CAD)
Exchange rate was 1.2277 down 0.0031
Chicago corn closed moderately higher to higher.
JUL21 HI 7.12 DEC21 HI 6.06 1/2
LOW 6.91 1/4 LOW 5.80
CLOSE7.08 1/2 Up 11 3/4 CLOSE 6.04 3/4 Up 24 1/4
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +JUL21+SEP21+SEP21
CK Low 1.70 8.79 345.85 0.95 7.00 275.48
CK High 1.75 8.84 347.82 1.00 7.05 277.45
CK Avg 1.73 0.09 8.81 346.83 0.96 -0.34 7.01 275.81
Essex Cty 1.75 8.84 347.82 0.95 7.00 275.48
Mdsx Low 1.70 8.79 345.85 0.95 7.00 275.48
Mdsx High 1.75 8.84 347.82 1.00 7.05 277.45
Mdsx Avg 1.73 0.09 8.81 346.83 0.98 -0.33 7.02 276.46
Hensall 1.75 8.84 347.82 0.98 7.03 276.79
Bruce 1.75 8.84 347.82 0.95 7.00 275.48
Putnam 1.70 8.79 345.85 0.95 7.00 275.48
Burford 1.75 8.84 347.82 0.95 7.00 275.48
Port Perry 1.75 8.84 347.82 1.00 7.05 277.45
Norfolk 1.75 8.84 347.82 0.95 7.00 275.48
Palmerston 1.79 8.88 349.39 0.99 7.04 277.05
Varna 1.75 8.84 347.82 0.95 7.00 275.48
Trenton 1.75 8.84 347.82 1.00 7.05 277.45
Winchester 1.80 8.89 349.79 1.40 7.45 293.20
North Gower 1.70 8.79 345.85 1.35 7.40 291.23
Vankleek Hil 1.70 8.79 345.85 1.03 7.08 278.63
Huron FOB 1.93 1.97 2.06 2.12 9.02 354.90 0.95 7.00 275.48
Kent FOB 1.90 8.99 353.72 1.07 7.12 280.20
Lamb FOB 1.85 8.94 351.76 1.05 7.10 279.42
Mdsx FOB 1.85N/A N/A N/A 8.94 351.76 1.05 7.10 279.42
FOB SW Que 2.80 9.89 389.16N/A
Track 2.16 9.24 363.76N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A N/A
Jhnstwn-Eth N/A N/A N/A N/A N/A
Aylmer-Eth N/A N/A N/A 2.28 1.25 7.30 287.29
Sarn-Eth N/A N/A N/A N/A N/A
London-Ing N/A N/A N/A N/A 1.35 7.40 291.23
Pt.Colb-Ing N/A N/A N/A N/A N/A
Cardnl-Ing N/A N/A N/A 2.65 1.60 7.65 301.07
W O Feed 2.34 9.43 371.05
US Rep 2.23 9.32 366.72
Toledo El. 0.31 7.39 291.01 -0.25 5.80 228.41
TRANSFER
Pt. Colb 1.95 9.04 355.69 1.40 7.45 293.20
Prescott 2.13 9.22 362.78 1.34 7.39 290.83
HI SD CRN 1.00 7.04 3/4
*Wet Bid
Exchange rate was 1.2277 down 0.0031
Chicago soybeans closed slightly to moderately higher.
JUL21 HI 15.54 NOV21 HI 13.84 1/4
LOW 15.32 1/4 LOW 13.62
CLOSE15.42 1/4 Up 4 CLOSE 13.82 3/4 Up 19 1/2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +JUL21+JUL21+AUG21
CK Low 4.00 19.42 713.65 2.67 16.50 606.18
CK High 4.05 19.47 715.49 2.75 16.58 609.12
CK Average 4.02 0.41 19.44 714.33 2.73 -0.34 16.56 608.32
Essex Cty 4.00 19.42 713.65 2.70 16.53 607.28
Mdsx Low 3.99 19.41 713.29 2.65 16.48 605.44
Mdsx High 4.05 19.47 715.49 2.75 16.58 609.12
Mdsx Average4.02 0.41 19.44 714.39 2.70 -0.37 16.53 607.28
Hensall 4.02 19.44 714.27 2.75 16.58 609.12
Bruce 4.05 19.47 715.49 2.75 16.58 609.12
Putnam 4.05 19.47 715.49 2.75 16.58 609.12
Burford 4.06 19.48 715.86 2.72 16.55 608.02
Port Perry 4.01 19.43 714.02 2.67 16.50 606.18
Norfolk 4.00 19.42 713.65 2.75 16.58 609.12
Palmerston 4.00 19.42 713.65 2.71 16.54 607.65
Varna 4.00 19.42 713.65 2.75 16.58 609.12
Trenton 4.05 19.47 715.49 2.75 16.58 609.12
Winchester 4.00 19.42 713.65 2.75 16.58 609.12
North Gower 3.40 18.82 691.61 2.70 16.53 607.28
Vankleek Hil3.37 18.79 690.51 2.80 16.63 610.96
Huron FOB 3.98 4.10 4.16 3.79 19.40 712.92 2.80 16.63 610.96
Kent FOB 4.10 19.52 717.33 2.75 16.58 609.12
Lambton FOB 4.05 19.47 715.49 2.80 16.63 610.96
Mdsx FOB 4.18 4.24 N/A N/A 19.60 720.27 2.85 16.68 612.79
PROCESSORS
Windsor 4.13 19.55 718.43 3.01 16.84 618.67
TRANSFER
Hamilton 4.50 19.92 732.03 3.20 17.03 625.65
Prescott N/A 2.98 16.81 617.57
Port Colborn4.04 19.46 715.12 3.31 17.14 629.70
Toledo El. 0.31 15.73 577.96 -0.43 13.40 492.28
Exchange rate was 1.2277 down 0.0031
Chicago wheat closed moderately higher to higher.
JUL21 HI 7.46 JUL21 HI 7.46
LOW 7.18 1/4 LOW 7.18 1/4
CLOSE 7.44 1/2 Up 17 3/4 CLOSE 7.44 1/2 Up 17 3/4
Minni wheat closed moderately higher.
JUL21 HI 7.85 SEP21 HI 7.89
LOW 7.65 3/4 LOW 7.70 3/4
CLOSE 7.82 Up 13 3/4 CLOSE 7.87 Up 15
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 N/A N/A N/A N/A 1.05 N/A
London 1.52 1.52 1.52 N/A 1.27 1.21 1.02 N/A
Hensall N/A N/A N/A N/A 1.35 N/A 1.05 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.05 N/A
Bruce 1.65 1.65 1.65 1.65 1.25 1.30 1.05 1.40
Essex N/A N/A 1.70 N/A N/A N/A 1.10 N/A
Norwich N/A N/A N/A N/A 1.35 N/A 1.05 N/A
Port Hope N/A N/A N/A N/A N/A N/A 1.05 N/A
Kent Bridge N/A N/A N/A N/A 1.35 N/A 1.05 N/A
Chatham N/A N/A 1.70 N/A N/A N/A 1.10 N/A
Brigden N/A N/A 1.70 N/A N/A N/A 1.10 N/A
Palmerston N/A N/A 1.50 1.66 N/A 1.32 1.07 1.54
Varna 1.80 1.80 1.80 N/A 1.25 1.25 1.05 N/A
Mitchell N/A N/A N/A N/A 1.35 1.30 1.05 N/A
Thornton 1.52 1.52 1.52 1.46 1.27 1.21 1.02 N/A
North Gower N/A 1.25 1.40 0.90 N/A 0.72 0.95 0.82
W O Feed 2.52
TERMINAL
Port Colbor N/A N/A 1.97 N/A N/A N/A 1.41 N/A
PROCESSORS
Toledo FM N/A N/A 1.82 N/A N/A N/A 1.82 N/A
Toledo El. 7.55US 9.26CA 7.55US 9.26CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 600.11
DDG's FOB Srn & Aylm 320.00 - 330.00
---
Ontario Grain Market Commentary for May 5, 2021
By Todd Austin, Grain Farmers of Ontario
Wednesday, May 5, 2021
COMMODITY PERIOD PRICE WEEKLY MOVEMENT
Corn CBOT July 7.08 ½ ↑ 64 ½ Cents
Soybeans CBOT July 15.42 ¼ ↑ 28 ½ Cents
Wheat CBOT July 7.44 ½ ↑ 21 ¾ Cent
Wheat Minn. July 7.81 ¼ ↑ 16 ¼ Cents
Wheat Kansas July 7.17 ↑ 20 ½ Cents
Oats CBOT July 4.17 ↑ 9 ½ Cents
Canadian $ June .8146 ↑ 23 Points
CORN:
As of last Sunday, the U.S. had planted 46% of the expected corn crop. This is up 29% from the previous week and ahead of the five-year acreage of 36%.
Corn futures moved past the $7 per bushel threshold for the first time since 2013 on continued concern over dryness in Brazil and the resulting threat of tightening global corn supplies.
SOYBEANS:
The U.S. has planted 24% of their expected soybean acreage. This is up from 8% last week and ahead of the five-year average of 11%.
The International Grains Council (IGC) has pegged global soybean production at 383 million tonnes, up 6% from last year. Global trade is estimated to be 173.45 million tonnes, which is up marginally from the previous year. The IGC is also projecting that China will buy 103.8 million tonnes of soybeans in 2021 -2022, which represents 60% of the global trade.
WHEAT:
The European Commission lowered its forecast of soft wheat to 124.87 million tonnes, down 1.9 million tonnes from the previous estimates. Though down, this year’s production is still above that of the previous year. Exports are projected at 27 million tonnes.
U.S. Production of whole wheat flour in the January to March timeframe was down 18% from production levels in the first quarter of 2020. Whole wheat flour production has been trending lower over the past few years.
---
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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