[Farmmarketnews] Wednesday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Wed Feb 23 15:34:42 EST 2022


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 23
(All Bases in CAD)
Exchange rate was 1.274 down 0.0031
Chicago corn closed slightly to moderately higher.

      MAR22   HI 6.85                         DEC22    HI 6.12
             LOW 6.69  1/4                            LOW 6.01  1/4
            CLOSE6.83  3/4  Up 9                    CLOSE 6.11  1/4  Up 5 1/2

            OLD CROP BASIS                          NEW CROP BASIS
Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt
ELEVATORS        +MAY22+MAY22+JUL22
CK Low       1.25                        8.09 318.39  1.15         7.26 285.91
CK High      1.30                        8.14 320.36  1.15         7.26 285.91
CK Avg       1.29                  -0.46 8.13 320.08  1.15 -0.41   7.26 285.91
Essex Cty    1.30                        8.14 320.36  1.15         7.26 285.91
Mdsx Low     1.25                        8.09 318.39  1.15         7.26 285.91
Mdsx High    1.30                        8.14 320.36  1.15         7.26 285.91
Mdsx Avg     1.28                  -0.46 8.12 319.70  1.15 -0.41   7.26 285.91
Hensall      1.32                        8.15 321.02  1.17         7.28 286.57
Bruce        1.30                        8.14 320.36  1.15         7.26 285.91
Putnam       1.30                        8.14 320.36  1.15         7.26 285.91
Burford      1.25                        8.09 318.39  1.15         7.26 285.91
Port Perry   1.20                        8.04 316.42  1.15         7.26 285.91
Norfolk      1.30                        8.14 320.36  1.15         7.26 285.91
Palmerston   1.29                        8.13 319.97  1.16         7.27 286.31
Varna        1.30                        8.14 320.36  1.15         7.26 285.91
Belmore      1.30                        8.14 320.36  1.15         7.26 285.91
Trenton      1.30                        8.14 320.36  1.15         7.26 285.91
Winchester   1.50                        8.34 328.23  1.40         7.51 295.75
North Gower  1.50                        8.34 328.23  1.40         7.51 295.75
Vankleek Hil 1.63                        8.47 333.35  1.38         7.49 294.97
Huron FOB    1.36  1.39  1.45  1.58      8.20 322.72N/A
Kent FOB     1.45                        8.29 326.26  1.25         7.36 289.85
Lamb FOB     1.45                        8.29 326.26  1.30         7.41 291.82
Mdsx FOB     1.30  1.40  1.50N/A         8.14 320.36  1.28         7.39 291.03
FOB SW Que   2.40                        9.24 363.66N/A
Track        1.92                        8.76 344.77N/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   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                      1.55         7.66 301.66
Cardnl-Ing  N/A  N/A   N/A   N/A                      1.75         7.86 309.53
W O Feed     2.02                        8.86 348.78

US Rep       2.01                        8.85 348.31
Toledo El.  -0.19                        6.65 261.66 -0.32         5.79 228.11

TRANSFER
Pt. Colb    N/A                                       1.15         7.26 285.91
Prescott     2.01                        8.85 348.31  1.86         7.97 313.86


HI SD CRN    1.30                        8.13 3/4
*Wet Bid


Exchange rate was 1.274 down 0.0031
Chicago soybeans closed slightly higher to higher.

      MAR22   HI 16.79  1/2              NOV22     HI 14.88
             LOW 16.36  1/2                       LOW 14.69  1/4
            CLOSE16.75   Up 40                  CLOSE 14.87  1/2  Up 14 1/4

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +MAR22+MAY22+MAY22
CK Low      3.94                         20.69 760.23  3.30        18.18 667.82
CK High     4.05                         20.80 764.27  3.35        18.23 669.65
CK Average  3.98                   -0.48 20.73 761.59  3.34 -0.57  18.22 669.34
Essex Cty   3.95                         20.70 760.59  3.30        18.18 667.82
Mdsx Low    3.93                         20.68 759.86  3.30        18.18 667.82
Mdsx High   3.95                         20.70 760.59  3.35        18.23 669.65
Mdsx Average3.94                   -0.51 20.69 760.35  3.33 -0.58  18.20 668.80
Hensall     4.00                         20.75 762.43  3.35        18.23 669.65
Bruce       3.95                         20.70 760.59  3.35        18.23 669.65
Putnam      4.00                         20.75 762.43  3.35        18.23 669.65
Burford     4.00                         20.75 762.43  3.40        18.28 671.49
Port Perry  3.89                         20.64 758.39  3.29        18.17 667.45
Norfolk     3.95                         20.70 760.59  3.35        18.23 669.65
Palmerston  4.11                         20.86 766.47  3.29        18.17 667.45
Varna       4.00                         20.75 762.43  3.35        18.23 669.65
Trenton     3.95                         20.70 760.59  3.30        18.18 667.82
Winchester  3.95                         20.70 760.59  3.35        18.23 669.65
North Gower 3.85                         20.60 756.92  3.30        18.18 667.82
Vankleek Hil4.06                         20.81 764.64  3.52        18.40 675.90
Huron FOB   4.04  4.04  4.27  4.33       20.79 763.90  N/A
Kent FOB    4.10                         20.85 766.11  3.35        18.23 669.65
Lambton FOB 3.85                         20.60 756.92  3.40        18.28 671.49
Mdsx FOB    3.93  3.99  4.30  N/A        20.68 759.86  3.52        18.40 675.90

PROCESSORS
Windsor     4.68                         21.43 787.42  3.64        18.52 680.31

TRANSFER
Hamilton    4.35                         21.10 775.29  3.85        18.73 688.03
Prescott     N/A                                       3.73        18.61 683.62
Port Colborn4.34                         21.09 774.92  3.93        18.81 690.97

Toledo El.  -0.25                        16.50 606.10 -0.45        14.43 530.19


Exchange rate was 1.274 down 0.0031
Chicago wheat closed higher.
MAR22      HI     8.80                 JUL22   HI      8.82  1/2
           LOW    8.34                         LOW        8.39
           CLOSE  8.76   Up 31 3/4             CLOSE   8.78  3/4  Up 31 1/4

Minni wheat closed moderately higher to higher.
MAR22      HI     10.03  3/4           SEP22   HI      9.78  1/2
           LOW       9.76                      LOW     9.50  1/2
           CLOSE  10.01   Up 15 1/4            CLOSE   9.75  3/4  Up 19



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   1.30    N/A    N/A     N/A    1.60    N/A
London      1.52   1.78   1.40    N/A    2.29    2.03   1.72    N/A
Hensall     1.30    N/A   1.30    N/A    2.40    N/A    1.60    N/A
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.65    N/A
Bruce       1.25   1.75   1.25    N/A    2.25    1.75   1.55   1.50
Essex        N/A    N/A   1.30    N/A    N/A     N/A    1.60    N/A
Norwich     1.30    N/A   1.30    N/A    2.40    N/A    1.60    N/A
Port Hope    N/A    N/A   1.30    N/A    N/A     N/A    1.60    N/A
Kent Bridge 1.30    N/A   1.30    N/A    2.40    N/A    1.60    N/A
Chatham      N/A    N/A   1.30    N/A    N/A     N/A    1.60    N/A
Brigden      N/A    N/A   1.30    N/A    N/A     N/A    1.60    N/A
Palmerston   N/A   2.40   1.57   2.10    N/A     N/A    1.72   1.71
Varna       1.55   2.05   1.30    N/A    2.40    1.90   1.60    N/A
Mitchell    1.30   1.95   1.30    N/A    2.40    1.80   1.60    N/A
Thornton    1.52   1.78   1.40   2.37    2.29    2.03   1.72    N/A
North Gower  N/A   0.95   1.30   1.07    N/A     N/A    1.51    N/A
W O Feed                  2.33

TERMINAL
Port Colbor  N/A    N/A   1.78    N/A    N/A     N/A    2.30    N/A

PROCESSORS
Toledo FM    N/A    N/A   2.78    N/A    N/A     N/A    2.53    N/A

Toledo El. 8.61US        10.97CA        8.74US         11.13CA


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

FEED GRAINS
FOB Hm Soymeal            700.09
DDG's FOB Srn & Aylm     350.00 - 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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