[Farmmarketnews] Thursday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Thu Apr 7 15:19:03 EDT 2022


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, April 7
(All Bases in CAD)
Exchange rate was 1.2591 up 0.0052
Chicago corn closed slightly higher.

      JUL22   HI 7.51                         DEC22    HI 7.09  1/2
             LOW 7.40  1/2                            LOW 7.00  1/2
            CLOSE7.50  1/4  Up 3 1/4                CLOSE 7.09   Up 4 1/4

            OLD CROP BASIS                          NEW CROP BASIS
Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt
ELEVATORS        +JUL22+JUL22+JUL22
CK Low       1.45                        8.95 352.44  1.15         8.24 324.39
CK High      1.50                        9.00 354.41  1.25         8.34 328.33
CK Avg       1.46                  -0.39 8.96 352.73  1.20 -0.51   8.29 326.36
Essex Cty    1.45                        8.95 352.44  1.25         8.34 328.33
Mdsx Low     1.45                        8.95 352.44  1.20         8.29 326.36
Mdsx High    1.45                        8.95 352.44  1.25         8.34 328.33
Mdsx Avg     1.45                  -0.39 8.95 352.44  1.23 -0.49   8.32 327.35
Hensall      1.47                        8.97 353.10  1.20         8.29 326.36
Bruce        1.45                        8.95 352.44  1.15         8.24 324.39
Putnam       1.45                        8.95 352.44  1.20         8.29 326.36
Burford      1.45                        8.95 352.44  1.20         8.29 326.36
Port Perry   1.40                        8.90 350.48  1.15         8.24 324.39
Norfolk      1.45                        8.95 352.44  1.25         8.34 328.33
Palmerston   1.57                        9.07 357.17  1.34         8.43 331.87
Varna        1.45                        8.95 352.44  1.20         8.29 326.36
Belmore      1.45                        8.95 352.44  1.20         8.29 326.36
Trenton      1.45                        8.95 352.44  1.15         8.24 324.39
Winchester   1.55                        9.05 356.38  1.55         8.64 340.14
North Gower  1.50                        9.00 354.41  1.45         8.54 336.20
Vankleek Hil 1.79                        9.29 365.83  1.28         8.37 329.51
Huron FOB    1.45  1.50  1.62  1.67      8.95 352.44N/A
Kent FOB     1.55                        9.05 356.38  1.35         8.44 332.27
Lamb FOB    N/A                                       1.45         8.54 336.20
Mdsx FOB    N/A    1.65  1.70N/A                      1.35         8.44 332.27
FOB SW Que   2.66                       10.16 400.08N/A
Track        2.00                        9.50 373.90N/A
PROCESSORS
Chat-Eth    N/A  N/A   N/A   N/A                      1.58         8.67 341.32
Jhnstwn-Eth N/A  N/A   N/A   N/A                      1.87         8.96 352.74
Aylmer-Eth  N/A  N/A   N/A   N/A                    N/A
Sarn-Eth    N/A  N/A   N/A   N/A                    N/A
London-Ing  N/A  N/A   N/A   N/A                      1.70         8.79 346.05
Cardnl-Ing  N/A  N/A   N/A   N/A                      1.95         9.04 355.89
W O Feed     2.07                        9.58 377.01

US Rep       2.13                        9.63 379.21
Toledo El.  -0.35                        7.15 281.48 -0.31         6.78 266.73

TRANSFER
Pt. Colb    N/A                                       1.30         8.39 330.30
Prescott     2.10                        9.60 378.03  1.81         8.90 350.38


HI SD CRN    1.50                        9.00 1/4
*Wet Bid


Exchange rate was 1.2591 up 0.0052
Chicago soybeans closed moderately higher.

      JUL22   HI 16.31  1/4              NOV22     HI 14.69
             LOW 15.99                            LOW 14.38  1/4
            CLOSE16.27   Up 23 1/2              CLOSE 14.66  1/4  Up 22 1/4

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +JUL22+JUL22+JUL22
CK Low      3.85                         20.12 739.28  3.05        17.71 650.82
CK High     4.07                         20.34 747.37  3.16        17.82 654.86
CK Average  3.93                   -0.23 20.20 742.28  3.11 -0.55  17.77 652.98
Essex Cty   3.95                         20.22 742.96  3.10        17.76 652.66
Mdsx Low    3.80                         20.07 737.45  3.00        17.66 648.99
Mdsx High   4.07                         20.34 747.37  3.16        17.82 654.86
Mdsx Average3.94                   -0.22 20.21 742.59  3.10 -0.55  17.77 652.78
Hensall     3.85                         20.12 739.28  3.05        17.71 650.82
Bruce       3.75                         20.02 735.61  2.95        17.61 647.15
Putnam      3.85                         20.12 739.28  3.05        17.71 650.82
Burford     4.12                         20.39 749.20  3.21        17.87 656.70
Port Perry  4.02                         20.29 745.53  3.11        17.77 653.03
Norfolk     3.95                         20.22 742.96  3.15        17.81 654.50
Palmerston  3.89                         20.16 740.75  3.11        17.77 653.03
Varna       3.90                         20.17 741.12  3.10        17.76 652.66
Trenton     3.80                         20.07 737.45  3.00        17.66 648.99
Winchester  3.86                         20.13 739.65  3.09        17.75 652.29
North Gower 3.85                         20.12 739.28  3.00        17.66 648.99
Vankleek Hil3.96                         20.23 743.33  3.11        17.77 653.03
Huron FOB   4.11  4.17  4.23  4.23       20.38 748.84  N/A
Kent FOB    4.15                         20.42 750.31  3.15        17.81 654.50
Lambton FOB  N/A                                       N/A
Mdsx FOB    4.27  4.27  4.40  N/A        20.54 754.72  3.34        18.00 661.48

PROCESSORS
Windsor     4.79                         21.06 773.82  3.55        18.21 669.19

TRANSFER
Hamilton    4.60                         20.87 766.84  3.70        18.36 674.71
Prescott     N/A                                       3.30        17.96 660.01
Port Colborn4.71                         20.98 770.88  3.80        18.46 678.38

Toledo El.  -0.03                        16.24 596.89 -0.44        14.22 522.56


Exchange rate was 1.2591 up 0.0052
Chicago wheat closed slightly to moderately lower.
JUL22      HI     10.47  1/2           SEP22   HI      10.42  1/2
           LOW    10.23  1/4                   LOW     10.22  1/2
           CLOSE  10.25  1/4  Down 15 1/2      CLOSE   10.24  1/4  Down 12 1/2

Minni wheat closed slightly lower.
MAY22      HI       11.19              SEP22   HI      10.93  1/2
           LOW    10.97  1/2                   LOW       10.77
           CLOSE  10.99  1/2  Down 9 1/4       CLOSE   10.78  1/4  Down 7 1/2



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    N/A    N/A    N/A     N/A    1.55    N/A
London      1.28   1.85   1.28    N/A    2.48    1.85   1.60    N/A
Hensall     1.25    N/A   1.25    N/A    2.45    N/A    1.55    N/A
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.50    N/A
Bruce       1.25   1.85   1.25    N/A    2.35    1.85   1.55   1.30
Essex        N/A    N/A   1.25    N/A    N/A     N/A    1.55    N/A
Norwich     1.25    N/A   1.25    N/A    2.45    N/A    1.55    N/A
Port Hope    N/A    N/A    N/A    N/A    N/A     N/A    1.55    N/A
Kent Bridge 1.25    N/A   1.25    N/A    2.45    N/A    1.55    N/A
Chatham      N/A    N/A   1.25    N/A    N/A     N/A    1.55    N/A
Brigden      N/A    N/A   1.25    N/A    N/A     N/A    1.55    N/A
Palmerston   N/A   1.03   1.22   2.22    N/A     1.72   1.72    N/A
Varna       1.50   2.00   1.25    N/A    2.45    1.85   1.55    N/A
Mitchell    1.25   1.95   1.25    N/A    2.45    1.85   1.55    N/A
Thornton    1.28   1.85   1.28   0.65    2.48    1.85   1.60    N/A
North Gower  N/A    N/A    N/A    N/A    N/A     N/A    1.45    N/A
W O Feed                  2.24

TERMINAL
Port Colbor  N/A    N/A   1.80    N/A    N/A     N/A    2.05    N/A

PROCESSORS
Toledo FM    N/A    N/A   2.64    N/A    N/A     N/A    2.65    N/A

Toledo El. 9.90US        12.47CA       10.05US         12.66CA


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

FEED GRAINS
FOB Hm Soymeal            707.92
DDG's FOB Srn & Aylm      370.00



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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