[Farmmarketnews] Monday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Mon Nov 29 15:32:22 EST 2021


Note: now using the March future for old crop corn and wheat.
Thank you.

FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, November 29
(All Bases in CAD)
Exchange rate was 1.2767 down 0.0012
Chicago corn closed slightly to moderately lower.

      MAR22   HI 5.94                         DEC22    HI 5.63
             LOW 5.79                                 LOW 5.52
            CLOSE5.82  1/4  Down 9 1/2              CLOSE 5.56  1/4  Down 6 1/4

            OLD CROP BASIS                          NEW CROP BASIS
Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt
ELEVATORS        +MAR22+MAR22+MAR22
CK Low       1.14                        6.96 274.10  0.90         6.46 254.42
CK High      1.20                        7.02 276.46  0.95         6.51 256.39
CK Avg       1.19                  -0.33 7.01 276.13  0.94 -0.47   6.51 256.10
Essex Cty    1.20                        7.02 276.46  0.95         6.51 256.39
Mdsx Low     1.20                        7.02 276.46  0.95         6.51 256.39
Mdsx High    1.20                        7.02 276.46  0.95         6.51 256.39
Mdsx Avg     1.20                  -0.32 7.02 276.46  0.95 -0.46   6.51 256.39
Hensall      1.22                        7.04 277.12  1.02         6.58 259.01
Bruce        1.19                        7.01 276.07  0.95         6.51 256.39
Putnam       1.20                        7.02 276.46  1.00         6.56 258.35
Burford      1.20                        7.02 276.46  0.95         6.51 256.39
Port Perry   1.20                        7.02 276.46  1.00         6.56 258.35
Norfolk      1.20                        7.02 276.46  0.95         6.51 256.39
Palmerston   1.21                        7.03 276.86  1.04         6.60 259.93
Varna        1.20                        7.02 276.46  1.00         6.56 258.35
Belmore      1.20                        7.02 276.46  1.00         6.56 258.35
Trenton      1.24                        7.06 278.04  1.05         6.61 260.32
Winchester   1.44                        7.26 285.91  1.25         6.81 268.20
North Gower  1.49                        7.31 287.88  1.20         6.76 266.23
Vankleek Hil 1.45                        7.27 286.31  1.22         6.78 267.02
Huron FOB    1.20  1.36  1.44  1.49      7.02 276.46N/A
Kent FOB     1.20                        7.02 276.46  1.10         6.66 262.29
Lamb FOB     1.24                        7.06 278.04  1.20         6.76 266.23
Mdsx FOB    N/A    1.35  1.50  1.55                   1.12         6.68 263.08
FOB SW Que   1.81                        7.63 300.48N/A
Track        1.73                        7.55 297.13N/A
PROCESSORS
Chat-Eth    N/A  N/A   N/A   N/A                      1.36         6.92 272.53
Jhnstwn-Eth N/A  N/A     2.03  2.08                   1.67         7.23 284.73
Aylmer-Eth  N/A  N/A   N/A   N/A                    N/A
Sarn-Eth    N/A  N/A     1.50  1.55                 N/A
London-Ing  N/A  N/A   N/A   N/A                      1.40         6.96 274.10
Cardnl-Ing  N/A  N/A     1.95  2.00                   1.55         7.11 280.01
W O Feed     1.80                        7.62 300.16

US Rep       1.87                        7.69 302.84
Toledo El.  -0.36                        5.47 215.15 -0.32         5.24 206.42

TRANSFER
Pt. Colb     1.40                        7.22 284.34  1.35         6.91 272.13
Prescott     1.87                        7.69 302.84  1.66         7.22 284.34


HI SD CRN    1.20                        7.02 1/4
*Wet Bid


Exchange rate was 1.2767 down 0.0012
Chicago soybeans closed slightly lower.

      JAN22   HI 12.68  1/2              NOV22     HI 12.52  1/2
             LOW 12.40  3/4                       LOW 12.27
            CLOSE12.41  1/2  Down 11 1/4        CLOSE 12.29   Down 11 1/4

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +JAN22+JAN22+MAR22
CK Low      3.00                         15.42 566.40  2.55        14.84 545.28
CK High     3.05                         15.47 568.24  2.70        14.99 550.79
CK Average  3.02                   -0.32 15.44 567.19  2.62 -0.61  14.91 547.74
Essex Cty   3.05                         15.47 568.24  2.55        14.84 545.28
Mdsx Low    3.00                         15.42 566.40  2.61        14.90 547.48
Mdsx High   3.09                         15.51 569.71  2.65        14.94 548.95
Mdsx Average3.05                   -0.31 15.46 568.06  2.63 -0.60  14.92 548.22
Hensall     3.00                         15.42 566.40  2.63        14.92 548.34
Bruce       2.95                         15.37 564.57  2.65        14.94 548.95
Putnam      3.00                         15.42 566.40  2.65        14.94 548.95
Burford     3.16                         15.58 572.28  2.68        14.97 550.05
Port Perry  3.04                         15.46 567.87  2.56        14.85 545.64
Norfolk     3.05                         15.47 568.24  2.60        14.89 547.11
Palmerston  2.98                         15.40 565.67  2.54        14.83 544.91
Varna       3.00                         15.42 566.40  2.60        14.89 547.11
Trenton     2.95                         15.37 564.57  2.60        14.89 547.11
Winchester  3.02                         15.44 567.14  2.70        14.99 550.79
North Gower 2.87                         15.29 561.63  2.72        15.01 551.52
Vankleek Hil3.01                         15.43 566.77  2.84        15.13 555.93
Huron FOB   3.27  3.33  3.39  3.46       15.69 576.33  N/A
Kent FOB    3.30                         15.72 577.43  2.60        14.89 547.11
Lambton FOB 3.20                         15.62 573.75  2.75        15.04 552.63
Mdsx FOB    3.12  3.30  3.37  3.33       15.54 570.81  2.80        15.09 554.46

PROCESSORS
Windsor     3.76                         16.18 594.33  2.96        15.25 560.34

TRANSFER
Hamilton    3.60                         16.02 588.45  3.00        15.29 561.81
Prescott    3.46                         15.88 583.31  3.16        15.45 567.69
Port Colborn3.40                         15.82 581.10  3.21        15.50 569.53

Toledo El.  -0.26                        12.16 446.79 -0.51        11.78 432.82


Exchange rate was 1.2767 down 0.0012
Chicago wheat closed moderately lower to lower.
MAR22      HI     8.55  1/4             JUL22   HI         8.46
           LOW    8.18  3/4                     LOW     8.13  1/2
           CLOSE  8.22  1/4  Down 18            CLOSE   8.17  1/2  Down 16 1/2

Minni wheat closed slightly to moderately lower.
MAR22      HI        10.65              SEP22   HI         9.48
           LOW       10.37                      LOW     9.26  1/4
           CLOSE  10.45  1/4  Down 3 1/4        CLOSE   9.34  1/4  Down 7 3/4



Direct MarkHarvest 2021                 Harvest 2022
           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    1.10    N/A    N/A     N/A    1.65    N/A
London      1.07    1.46   1.01    N/A    1.80    1.80   1.61    N/A
Hensall     1.10    N/A    1.10    N/A    2.30    N/A    1.70    N/A
Trenton      N/A    N/A     N/A    N/A    N/A     N/A    1.65    N/A
Bruce       0.85    N/A    0.85    N/A    2.00    1.85   1.65   1.30
Essex        N/A    N/A    1.10    N/A    N/A     N/A    1.65    N/A
Norwich     1.10    N/A    1.10    N/A    2.30    N/A    1.70    N/A
Port Hope    N/A    N/A    1.10    N/A    N/A     N/A    1.65    N/A
Kent Bridge 1.10    N/A    1.10    N/A    2.30    N/A    1.70    N/A
Chatham      N/A    N/A    1.10    N/A    N/A     N/A    1.70    N/A
Brigden      N/A    N/A    1.10    N/A    N/A     N/A    1.70    N/A
Palmerston   N/A    N/A    0.94   1.58    N/A     N/A    1.67   1.45
Varna       1.35    1.85   1.10    N/A    2.25    1.90   1.70    N/A
Mitchell    1.10    1.65   1.10    N/A    2.30    1.90   1.70    N/A
Thornton    1.07    1.46   1.01   1.20    1.80    1.80   1.61    N/A
North Gower  N/A    0.70   1.10   1.14    N/A     N/A    1.38    N/A
W O Feed                   2.02

TERMINAL
Port Colbor  N/A    N/A    1.59    N/A    N/A     N/A    1.94    N/A

PROCESSORS
Toledo FM    N/A    N/A    2.66    N/A    N/A     N/A    2.39    N/A

Toledo El. 7.92US         10.11CA        8.13US         10.37CA


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

FEED GRAINS
FOB Hm Soymeal             587.21
DDG's FOB Srn & Aylm      205.00 - 220.00



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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