[Farmmarketnews] Monday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Mon May 31 14:35:28 EDT 2021


Please note that markets in the U.S. were closed Monday.
A report is being sent today due to a couple of bid changes since Friday.
Thank you


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 31
(All Bases in CAD)
Exchange rate was 1.2076 down 0.0001
Markets in the U.S. were closed for the Memorial Day holiday.
On Friday, May 28, Chicago corn closed moderately lower.

      JUL21   HI 6.72  3/4                    DEC21    HI 5.57  3/4
             LOW 6.51  1/4                            LOW 5.44
            CLOSE6.56  3/4  Down 7 3/4              CLOSE 5.45  1/2  Down 9 1/2

            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       1.65                        8.22 323.51  0.85         6.31 248.22
CK High      1.75                        8.32 327.45  1.00         6.46 254.12
CK Avg       1.69                   0.27 8.26 325.15  0.90 -0.19   6.36 250.19
Essex Cty    1.75                        8.32 327.45  0.90         6.36 250.19
Mdsx Low     1.65                        8.22 323.51  0.90         6.36 250.19
Mdsx High    1.70                        8.27 325.48  0.90         6.36 250.19
Mdsx Avg     1.68                   0.26 8.24 324.49  0.90 -0.19   6.36 250.19
Hensall      1.70                        8.27 325.48  0.92         6.37 250.84
Bruce        1.70                        8.27 325.48  0.90         6.36 250.19
Putnam       1.65                        8.22 323.51  0.85         6.31 248.22
Burford      1.70                        8.27 325.48  0.90         6.36 250.19
Port Perry   1.75                        8.32 327.45  0.95         6.41 252.15
Norfolk      1.75                        8.32 327.45  0.90         6.36 250.19
Palmerston   1.66                        8.23 323.90  0.93         6.39 251.37
Varna        1.70                        8.27 325.48  0.90         6.36 250.19
Trenton      1.75                        8.32 327.45  1.00         6.46 254.12
Winchester   1.80                        8.37 329.41  1.40         6.86 269.87
North Gower  1.70                        8.27 325.48  1.30         6.76 265.93
Vankleek Hil 1.52                        8.09 318.39  1.04         6.50 255.70
Huron FOB   N/A    1.83N/A   N/A                      0.90         6.36 250.19
Kent FOB     1.85                        8.42 331.38  0.97         6.43 252.94
Lamb FOB     1.65                        8.22 323.51  0.90         6.36 250.19
Mdsx FOB     1.70  1.70N/A   N/A         8.27 325.48  0.95         6.41 252.15
FOB SW Que   2.64                        9.21 362.48N/A
Track        2.00                        8.57 337.29N/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     2.89  2.93                   1.13         6.59 259.24
Sarn-Eth    N/A  N/A   N/A   N/A                    N/A
London-Ing  N/A  N/A   N/A   N/A                      1.30         6.76 265.93
Pt.Colb-Ing N/A  N/A   N/A   N/A                    N/A
Cardnl-Ing  N/A  N/A     3.05  3.10                   1.60         7.06 277.74
W O Feed     2.17                        8.74 344.06

US Rep       2.15                        8.72 343.19
Toledo El.   0.30                        6.87 270.44 -0.24         5.21 205.25

TRANSFER
Pt. Colb     2.00                        8.57 337.29  1.30         6.76 265.93
Prescott     1.58                        8.15 320.75  1.40         6.86 269.87


HI SD CRN                                             1.00         6.45 1/2
*Wet Bid


Exchange rate was 1.2076 down 0.0001
Chicago soybeans closed slightly lower.

      JUL21   HI 15.55  3/4              NOV21     HI 13.92  1/2
             LOW 15.22  3/4                       LOW 13.66  1/2
            CLOSE15.30  1/2  Down 6 1/2         CLOSE 13.72  3/4  Down 5 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      3.49                         18.80 690.60  2.45        16.18 594.42
CK High     3.55                         18.86 692.80  2.50        16.23 596.26
CK Average  3.51                    0.27 18.81 691.21  2.48 -0.31  16.20 595.40
Essex Cty   3.50                         18.81 690.97  2.40        16.13 592.58
Mdsx Low    3.47                         18.78 689.86  2.44        16.17 594.05
Mdsx High   3.50                         18.81 690.97  2.50        16.23 596.26
Mdsx Average3.49                    0.25 18.79 690.41  2.47 -0.31  16.20 595.16
Hensall     3.53                         18.84 692.19  2.47        16.19 595.03
Bruce       3.55                         18.86 692.80  2.45        16.18 594.42
Putnam      3.50                         18.81 690.97  2.50        16.23 596.26
Burford     3.54                         18.85 692.44  2.51        16.24 596.63
Port Perry  3.49                         18.80 690.60  2.46        16.19 594.79
Norfolk     3.50                         18.81 690.97  2.45        16.18 594.42
Palmerston  3.42                         18.73 688.03  2.49        16.22 595.89
Varna       3.55                         18.86 692.80  2.45        16.18 594.42
Trenton     3.55                         18.86 692.80  2.45        16.18 594.42
Winchester  3.55                         18.86 692.80  2.45        16.18 594.42
North Gower 3.25                         18.56 681.78  2.50        16.23 596.26
Vankleek Hil3.36                         18.67 685.82  2.54        16.27 597.73
Huron FOB    N/A  3.65  3.77  3.84                     2.50        16.23 596.26
Kent FOB    3.40                         18.71 687.29  2.45        16.18 594.42
Lambton FOB 3.25                         18.56 681.78  2.55        16.28 598.10
Mdsx FOB    3.47  3.47  N/A   N/A        18.78 689.86  2.59        16.32 599.57

PROCESSORS
Windsor     3.67                         18.98 697.21  2.70        16.43 603.61

TRANSFER
Hamilton    3.80                         19.11 701.99  2.90        16.63 610.96
Prescott     N/A                                       2.79        16.52 606.91
Port Colborn3.40                         18.71 687.29  3.06        16.79 616.84

Toledo El.  0.18                         15.49 569.02 -0.42        13.30 488.87


Exchange rate was 1.2076 down 0.0001
Chicago wheat closed slightly to moderately lower.
JUL21      HI     6.79  3/4             JUL21   HI      6.79  3/4
           LOW    6.61  1/4                     LOW     6.61  1/4
           CLOSE  6.63  1/2  Down 12 3/4        CLOSE   6.63  1/2  Down 12 3/4

Minni wheat closed moderately higher.
JUL21      HI         7.36              SEP21   HI      7.41  1/2
           LOW    7.10  1/2                     LOW        7.17
           CLOSE  7.27  1/2  Up 10 1/4          CLOSE   7.33  1/2  Up 9 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     N/A    N/A    N/A     N/A    0.85    N/A
London      1.63    1.63   1.63    N/A    1.20    1.08   0.96    N/A
Hensall      N/A    N/A     N/A    N/A    1.15    N/A    0.85    N/A
Trenton      N/A    N/A     N/A    N/A    N/A     N/A    0.90    N/A
Bruce       1.65    1.70   1.65   1.30    1.10    1.10   0.85   1.30
Essex        N/A    N/A    1.55    N/A    N/A     N/A    0.85    N/A
Norwich      N/A    N/A     N/A    N/A    1.15    N/A    0.85    N/A
Port Hope    N/A    N/A     N/A    N/A    N/A     N/A    0.90    N/A
Kent Bridge  N/A    N/A     N/A    N/A    1.15    N/A    0.85    N/A
Chatham      N/A    N/A    1.55    N/A    N/A     N/A    0.85    N/A
Brigden      N/A    N/A    1.55    N/A    N/A     N/A    0.85    N/A
Palmerston   N/A    N/A    1.81   1.68    N/A     1.13   0.89   1.27
Varna       1.80    1.80   1.80    N/A    1.05    1.05   0.85    N/A
Mitchell     N/A    N/A     N/A    N/A    1.15    1.10   0.85    N/A
Thornton    1.63    1.63   1.63   0.99    1.20    1.08   0.96    N/A
North Gower  N/A    1.20   1.50   0.90    N/A     0.84   0.99   0.80
W O Feed                   2.55

TERMINAL
Port Colbor  N/A    N/A    1.95    N/A    N/A     N/A    1.34    N/A

PROCESSORS
Toledo FM    N/A    N/A    1.56    N/A    N/A     N/A    1.56    N/A

Toledo El. 6.74US         8.13CA         6.74US         8.13CA


(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange

FEED GRAINS
FOB Hm Soymeal             546.20
DDG's FOB Srn & Aylm      345.00 - 350.00



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

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Grain Farmers of Ontario

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