[Farmmarketnews] Thursday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Thu Sep 9 15:33:00 EDT 2021


Please note for today's report:
Soybeans - now using the November 21 crop as "old crop" and November 22 as the "New"

Corn - several elevators have removed bids for the "old" 2020 crop or have moved to one price as their old crop and new crop (2021) bids are the same. Other elevators still have 2020 bids. This is why there is a wide range of bids on the Old crop side of the corn report.
If you have questions, please do not reply to this email.  Use fmnc at uoguelph.ca
Thank you


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, September 9
(All Bases in CAD)
Exchange rate was 1.2648 down 0.0028
Chicago corn closed slightly lower.

      DEC21   HI 5.13                         DEC21    HI 5.13
             LOW 5.04  1/4                            LOW 5.04  1/4
            CLOSE5.10   Down  1/4                   CLOSE 5.10   Down  1/4

            OLD CROP BASIS                          NEW CROP BASIS
Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt
ELEVATORS        +DEC21+DEC21+MAR22
CK Low       1.05                        6.15 242.11  1.05         6.15 242.11
CK High      1.05                        6.15 242.11  1.05         6.15 242.11
CK Avg       1.05                  -0.24 6.15 242.11  1.05 -0.24   6.15 242.11
Essex Cty    1.05                        6.15 242.11  1.05         6.15 242.11
Mdsx Low     1.05                        6.15 242.11  1.05         6.15 242.11
Mdsx High    1.05                        6.15 242.11  1.10         6.20 244.08
Mdsx Avg     1.05                  -0.24 6.15 242.11  1.08 -0.22   6.18 243.10
Hensall      2.53                        7.63 300.18  1.08         6.18 243.43
Bruce        2.50                        7.60 299.20  1.05         6.15 242.11
Putnam      N/A                                       1.10         6.20 244.08
Burford      1.05                        6.15 242.11  1.05         6.15 242.11
Port Perry   1.20                        6.30 248.02  1.20         6.30 248.02
Norfolk      1.05                        6.15 242.11  1.05         6.15 242.11
Palmerston  N/A                                       1.03         6.13 241.33
Varna        2.50                        7.60 299.20  1.05         6.15 242.11
Trenton      2.55                        7.65 301.17  1.25         6.35 249.99
Winchester   2.50                        7.60 299.20  1.50         6.60 259.83
North Gower N/A                                       1.40         6.50 255.89
Vankleek Hil 1.92                        7.02 276.37  1.23         6.33 249.20
Huron FOB    2.50N/A   N/A     1.10      7.60 299.20  1.05         6.15 242.11
Kent FOB     1.15                        6.25 246.05  1.15         6.25 246.05
Lamb FOB     2.41                        7.51 295.66  1.10         6.20 244.08
Mdsx FOB     2.70N/A   N/A   N/A         7.80 307.07  1.10         6.20 244.08
FOB SW Que   3.91                        9.01 354.71N/A
Track        3.06                        8.16 321.25N/A
PROCESSORS
Chat-Eth    N/A    2.28N/A   N/A                    N/A
Jhnstwn-Eth N/A  N/A     1.77  1.66                   1.77         6.87 270.46
Aylmer-Eth   2.75N/A   N/A   N/A         7.85 309.04N/A
Sarn-Eth    N/A  N/A   N/A   N/A                    N/A
London-Ing  N/A  N/A   N/A   N/A                    N/A
Pt.Colb-Ing N/A  N/A   N/A   N/A                    N/A
Cardnl-Ing  N/A    2.05N/A     1.75                 1.85*          6.95 273.61
W O Feed     3.28                        8.38 329.98

US Rep       2.61                        7.71 303.53
Toledo El.  -0.25                        4.85 190.82 -0.42         4.68 184.35

TRANSFER
Pt. Colb    N/A                                       1.30         6.40 251.96
Prescott     2.11                        7.21 283.85  1.55         6.65 261.80


HI SD CRN                                             1.05         6.15
*Wet Bid


Exchange rate was 1.2648 down 0.0028
Chicago soybeans closed slightly lower.

      NOV21   HI 12.81  3/4              NOV22     HI 12.52
             LOW 12.65                            LOW 12.39
            CLOSE12.70  1/2  Down 9             CLOSE 12.40  1/2  Down 6 1/2

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +NOV21+NOV21+JAN22
CK Low      2.70                         15.41 566.04  2.50        14.91 547.66
CK High     2.75                         15.46 567.87  2.60        15.01 551.34
CK Average  2.71                   -0.52 15.41 566.34  2.54 -0.59  14.95 549.20
Essex Cty   2.70                         15.41 566.04  2.50        14.91 547.66
Mdsx Low    2.68                         15.39 565.30  2.50        14.91 547.66
Mdsx High   2.70                         15.41 566.04  2.53        14.94 548.77
Mdsx Average2.69                   -0.53 15.40 565.67  2.52 -0.61  14.92 548.22
Hensall     2.70                         15.41 566.04  2.50        14.91 547.66
Bruce       2.65                         15.36 564.20  2.45        14.86 545.83
Putnam      2.70                         15.41 566.04  2.50        14.91 547.66
Burford     2.75                         15.46 567.87  2.60        15.01 551.34
Port Perry  2.67                         15.38 564.93  2.52        14.93 548.40
Norfolk     2.70                         15.41 566.04  2.55        14.96 549.50
Palmerston  2.47                         15.18 557.59  2.41        14.82 544.36
Varna       2.70                         15.41 566.04  2.50        14.91 547.66
Trenton     2.75                         15.46 567.87  2.55        14.96 549.50
Winchester  2.77                         15.48 568.61  2.55        14.96 549.50
North Gower 2.80                         15.51 569.71  2.25        14.66 538.48
Vankleek Hil2.82                         15.53 570.45  2.62        15.03 552.07
Huron FOB   2.75  2.75  N/A   2.97       15.46 567.87  N/A
Kent FOB     N/A                                       2.70        15.11 555.01
Lambton FOB 3.00                         15.71 577.06  3.00        15.41 566.04
Mdsx FOB    3.44  2.92  N/A   N/A        16.15 593.23  N/A

PROCESSORS
Windsor     2.96                         15.67 575.59  2.82        15.23 559.42

TRANSFER
Hamilton    3.15                         15.86 582.57  2.90        15.31 562.36
Prescott    3.01                         15.72 577.43  2.87        15.28 561.26
Port Colborn3.40                         16.11 591.76  3.07        15.48 568.61

Toledo El.  0.00                         12.71 466.83 -0.44        11.96 439.54


Exchange rate was 1.2648 down 0.0028
Chicago wheat closed moderately lower to lower.
DEC21      HI     7.11  1/4             JUL22   HI         7.00
           LOW    6.91  1/2                     LOW     6.83  3/4
           CLOSE  6.92  1/4  Down 17 1/4        CLOSE   6.84  1/2  Down 14 1/4

Minni wheat closed lower.
DEC21      HI         8.93              SEP22   HI         7.62
           LOW    8.64  1/2                     LOW        7.51
           CLOSE  8.72  1/2  Down 22            CLOSE   7.54   Down 17 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    0.75    N/A    N/A     N/A    1.15    N/A
London      0.97    1.16   0.78    N/A    1.27    1.20   1.14    N/A
Hensall     0.80    N/A    0.80    N/A    1.65    N/A    1.15    N/A
Trenton      N/A    N/A     N/A    N/A    N/A     N/A    1.15    N/A
Bruce       0.80    1.35   0.80   1.25    1.65    1.40   1.15   1.05
Essex        N/A    N/A    0.50    N/A    N/A     N/A    1.05    N/A
Norwich     0.80    N/A    0.80    N/A    1.65    N/A    1.15    N/A
Port Hope    N/A    N/A    0.80    N/A    N/A     N/A    1.15    N/A
Kent Bridge 0.80    N/A    0.80    N/A    1.65    N/A    1.15    N/A
Chatham      N/A    N/A    0.55    N/A    N/A     N/A    1.05    N/A
Brigden      N/A    N/A    0.55    N/A    N/A     N/A    1.05    N/A
Palmerston   N/A    N/A    0.57   1.54    N/A     N/A    1.15   1.36
Varna       1.15    1.45   0.80    N/A    1.35    1.40   1.15    N/A
Mitchell    0.80    1.35   0.80    N/A    1.65    1.40   1.15    N/A
Thornton    0.97    1.16   0.78   1.40    1.27    1.20   1.14    N/A
North Gower  N/A    0.68   0.80   1.07    N/A     N/A     N/A    N/A
W O Feed                   1.29

TERMINAL
Port Colbor  N/A    N/A    1.36    N/A    N/A     N/A    1.47    N/A

PROCESSORS
Toledo FM    N/A    N/A    1.71    N/A    N/A     N/A    1.94    N/A

Toledo El. 6.72US         8.50CA         6.80US         8.59CA


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

FEED GRAINS
FOB Hm Soymeal             501.67
DDG's FOB Srn & Aylm       290.00



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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