[Farmmarketnews] Thursday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Thu Dec 29 15:24:58 EST 2022


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 29
(All Bases in CAD)
Exchange rate was 1.3536 down 0.0043
Chicago corn closed mixed.

      MAR23   HI 6.82  1/4                    DEC23    HI 6.12  1/2
             LOW 6.77  1/4                            LOW 6.08  1/2
            CLOSE6.79  1/2  Down 3 1/4              CLOSE 6.12  1/2  Up  3/4

            OLD CROP BASIS                          NEW CROP BASIS
Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt
ELEVATORS        +MAR23+MAR23+MAY23
CK Low       1.40                        8.20 322.62  1.35         7.48 294.28
CK High      1.50                        8.30 326.56  1.40         7.53 296.25
CK Avg       1.48                  -0.69 8.27 325.58  1.38 -0.58   7.50 295.26
Essex Cty    1.40                        8.20 322.62  1.35         7.48 294.28
Mdsx Low     1.45                        8.25 324.59  1.35         7.48 294.28
Mdsx High    1.50                        8.30 326.56  1.40         7.53 296.25
Mdsx Avg     1.48                  -0.68 8.28 325.90  1.38 -0.58   7.51 295.59
Hensall      1.50                        8.30 326.56  1.42         7.54 296.90
Bruce        1.40                        8.20 322.62  1.35         7.48 294.28
Putnam       1.50                        8.30 326.56  1.40         7.53 296.25
Burford      1.40                        8.20 322.62  1.35         7.48 294.28
Port Perry   1.00                        7.80 306.88  1.20         7.33 288.37
Norfolk      1.50                        8.30 326.56  1.40         7.53 296.25
Palmerston   1.40                        8.20 322.62N/A
Varna        1.50                        8.30 326.56  1.40         7.53 296.25
Belmore      1.40                        8.20 322.62  1.40         7.53 296.25
Trenton      1.25                        8.05 316.72  1.25         7.38 290.34
Winchester   1.40                        8.20 322.62  1.35         7.48 294.28
North Gower  1.37                        8.17 321.44  1.40         7.53 296.25
Vankleek Hil 1.53                        8.33 327.74  1.46         7.59 298.61
Huron FOB   N/A    1.50  1.55  1.65                 N/A
Kent FOB     1.55                        8.35 328.53  1.40         7.53 296.25
Lamb FOB    N/A                                     N/A
Mdsx FOB     1.50  1.50N/A   N/A         8.30 326.56  1.25         7.38 290.34
FOB SW Que   2.30                        9.10 358.05N/A
Track        2.20                        8.99 353.92N/A
PROCESSORS
Chat-Eth    N/A  N/A   N/A   N/A                      N/A
Jhnstwn-Eth N/A  N/A   N/A   N/A                      1.95         8.08 317.90
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                      1.90         8.03 315.93
Cardnl-Ing  N/A  N/A   N/A   N/A                      2.00         8.13 319.87
W O Feed     2.20                        8.99 353.92

US Rep       2.67                        9.47 372.62
Toledo El.  -0.41                        6.39 251.52 -0.41         5.72 225.14

TRANSFER
Pt. Colb     1.60                        8.40 330.50  1.45         7.58 298.21
Prescott     2.14                        8.94 351.76  1.79         7.92 311.60


HI SD CRN    1.50                        8.29 1/2
*Wet Bid


Exchange rate was 1.3536 down 0.0043
Chicago soybeans closed slightly higher.

      MAR23   HI 15.24  1/4              NOV23     HI 14.20
             LOW 15.09                            LOW 14.08  1/2
            CLOSE15.16  1/4  Up 2               CLOSE 14.15  1/4  Up 3

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +MAR23+MAR23+MAR23
CK Low      4.80                         19.96 733.50  4.20        18.35 674.34
CK High     4.82                         19.98 734.23  4.25        18.40 676.18
CK Average  4.80                   -0.41 19.97 733.62  4.23 -0.58  18.38 675.26
Essex Cty   4.80                         19.96 733.50  4.20        18.35 674.34
Mdsx Low    4.73                         19.89 730.92  4.20        18.35 674.34
Mdsx High   4.86                         20.02 735.70  4.29        18.44 677.65
Mdsx Average4.80                   -0.42 19.96 733.40  4.24 -0.57  18.39 675.62
Hensall     4.73                         19.90 731.05  4.17        18.32 673.11
Bruce       4.70                         19.86 729.82  4.10        18.25 670.66
Putnam      4.80                         19.96 733.50  4.20        18.35 674.34
Burford     4.93                         20.09 738.27  4.36        18.51 680.22
Port Perry  4.77                         19.93 732.39  4.20        18.35 674.34
Norfolk     4.80                         19.96 733.50  4.25        18.40 676.18
Palmerston  4.72                         19.88 730.56  N/A
Varna       4.70                         19.86 729.82  4.15        18.30 672.50
Trenton     4.73                         19.89 730.92  4.30        18.45 678.01
Winchester  4.73                         19.89 730.92  4.20        18.35 674.34
North Gower 4.63                         19.79 727.25  4.35        18.50 679.85
Vankleek Hil5.28                         20.44 751.13  4.19        18.34 673.97
Huron FOB    N/A  4.92  5.12  5.19                     N/A
Kent FOB    5.05                         20.21 742.68  4.25        18.40 676.18
Lambton FOB 5.12                         20.28 745.25  N/A
Mdsx FOB    5.05  5.26  N/A   N/A        20.21 742.68  4.35        18.50 679.85

PROCESSORS
Windsor     5.51                         20.67 759.58  4.64        18.79 690.51

TRANSFER
Hamilton    5.55                         20.71 761.05  4.70        18.85 692.71
Prescott     N/A                                       4.52        18.67 686.10
Port Colborn5.20                         20.36 748.19  4.84        18.99 697.85

Toledo El.  -0.27                        14.89 547.18 -0.61        13.54 497.63


Exchange rate was 1.3536 down 0.0043
Chicago wheat closed slightly lower.
MAR23      HI     7.86  1/2            JUL23   HI      7.96  1/4
           LOW    7.65  1/2                    LOW        7.77
           CLOSE  7.74   Down 11 1/2           CLOSE   7.85  1/4  Down 11

Minni wheat closed moderately lower.
MAR23      HI        9.33              SEP23   HI      8.98  1/2
           LOW       9.12                      LOW     8.82  1/4
           CLOSE  9.14   Down 20               CLOSE   8.84  1/2  Down 12 3/4



Direct MarkHarvest 2022                Harvest 2023
           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   1.30    N/A    N/A     N/A    1.40    N/A
London      2.70   1.76   1.28    N/A    2.88    1.79   1.38    N/A
Hensall     4.20    N/A   1.30    N/A    2.95    N/A    1.40    N/A
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.45    N/A
Bruce       2.30   1.80   1.30   1.15    2.40    1.90   1.40   1.15
Essex        N/A    N/A   1.30    N/A    N/A     N/A    1.40    N/A
Norwich     4.20    N/A   1.30    N/A    2.95    N/A    1.40    N/A
Port Hope    N/A    N/A   1.30    N/A    N/A     N/A    1.40    N/A
Kent Bridge 4.20    N/A   1.30    N/A    2.95    N/A    1.40    N/A
Chatham      N/A    N/A   1.30    N/A    N/A     N/A    1.40    N/A
Brigden      N/A    N/A   1.30    N/A    N/A     N/A    1.40    N/A
Palmerston   N/A    N/A   0.98   2.19    N/A     N/A     N/A    N/A
Varna       4.20   2.25   1.40    N/A    2.70    1.95   1.40    N/A
Mitchell    4.20    N/A   1.30    N/A    2.95    1.90   1.40    N/A
Thornton    2.70   1.76   1.28   2.14    2.88    1.79   1.38    N/A
North Gower  N/A   1.00   1.40   1.47    N/A     1.25   1.65   1.37
W O Feed                  2.29

TERMINAL
Port Colbor  N/A    N/A   1.75    N/A    N/A     N/A    1.99    N/A

PROCESSORS
Toledo FM    N/A    N/A   2.80    N/A    N/A     N/A    2.64    N/A

Toledo El. 7.54US        10.21CA        7.60US         10.29CA


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

FEED GRAINS
FOB Hm Soymeal            733.16
DDG's FOB Aylm            360.00


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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