[Farmmarketnews] Friday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Fri Feb 25 15:42:37 EST 2022


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, February 25
(All Bases in CAD)
Exchange rate was 1.2725 down 0.0089
Chicago corn closed sharply lower.

      MAR22   HI 7.07                         DEC22    HI 6.12
             LOW 6.57                                 LOW 5.77  1/4
            CLOSE6.59  1/2  Down 35 1/2             CLOSE 5.79  3/4  Down 25

            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       1.21                        7.81 307.27  1.10         6.90 271.54
CK High      1.31                        7.91 311.21  1.15         6.95 273.51
CK Avg       1.28                  -0.41 7.88 310.08  1.14 -0.34   6.94 273.23
Essex Cty    1.31                        7.91 311.21  1.15         6.95 273.51
Mdsx Low     1.25                        7.85 308.84  1.15         6.95 273.51
Mdsx High    1.31                        7.91 311.21  1.15         6.95 273.51
Mdsx Avg     1.29                  -0.40 7.88 310.29  1.15 -0.34   6.95 273.51
Hensall      1.29                        7.89 310.42  1.17         6.96 274.17
Bruce        1.30                        7.90 310.81  1.15         6.95 273.51
Putnam       1.30                        7.90 310.81  1.15         6.95 273.51
Burford      1.25                        7.85 308.84  1.15         6.95 273.51
Port Perry   1.20                        7.80 306.88  1.15         6.95 273.51
Norfolk      1.31                        7.91 311.21  1.15         6.95 273.51
Palmerston   1.23                        7.83 308.06  1.15         6.95 273.51
Varna        1.30                        7.90 310.81  1.15         6.95 273.51
Belmore      1.30                        7.90 310.81  1.15         6.95 273.51
Trenton      1.26                        7.86 309.24  1.15         6.95 273.51
Winchester   1.46                        8.06 317.11  1.40         7.20 283.35
North Gower  1.50                        8.10 318.69  1.40         7.20 283.35
Vankleek Hil 1.74                        8.34 328.13  1.24         7.04 277.05
Huron FOB    1.35  1.39  1.44  1.60      7.95 312.78N/A
Kent FOB     1.45                        8.05 316.72  1.25         7.05 277.45
Lamb FOB     1.50                        8.10 318.69  1.30         7.10 279.42
Mdsx FOB     1.30  1.40  1.50N/A         7.90 310.81  1.28         7.08 278.63
FOB SW Que   2.05                        8.65 340.34N/A
Track        1.88                        8.47 333.45N/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                      1.60         7.40 291.23
Cardnl-Ing  N/A  N/A   N/A   N/A                      1.80         7.60 299.10
W O Feed     1.93                        8.52 335.52

US Rep       1.97                        8.57 337.19
Toledo El.  -0.33                        6.26 246.61 -0.32         5.48 215.72

TRANSFER
Pt. Colb    N/A                                       1.15         6.95 273.51
Prescott     2.12                        8.72 343.09  1.82         7.62 299.89


HI SD CRN    1.31                        7.90 1/2
*Wet Bid


Exchange rate was 1.2725 down 0.0089
Chicago soybeans closed moderately to sharply lower.

      MAY22   HI 16.70                   NOV22     HI 14.80
             LOW 15.79                            LOW 14.03
            CLOSE15.84  1/2  Down 69 1/2        CLOSE 14.15   Down 36 1/2

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +MAY22+MAY22+MAY22
CK Low      4.00                         19.85 729.18  3.20        17.35 637.50
CK High     4.10                         19.95 732.85  3.40        17.55 644.85
CK Average  4.06                   -0.20 19.91 731.38  3.29 -0.44  17.44 640.65
Essex Cty   4.00                         19.85 729.18  3.20        17.35 637.50
Mdsx Low    4.00                         19.85 729.18  3.24        17.39 638.97
Mdsx High   4.10                         19.95 732.85  3.35        17.50 643.01
Mdsx Average4.04                   -0.22 19.88 730.53  3.28 -0.45  17.43 640.44
Hensall     4.10                         19.95 732.85  3.33        17.48 642.40
Bruce       4.01                         19.86 729.55  3.30        17.45 641.18
Putnam      4.10                         19.95 732.85  3.30        17.45 641.18
Burford     4.08                         19.93 732.12  3.31        17.46 641.55
Port Perry  3.97                         19.82 728.08  3.20        17.35 637.50
Norfolk     4.00                         19.85 729.18  3.25        17.40 639.34
Palmerston  3.92                         19.77 726.24  3.24        17.39 638.97
Varna       4.06                         19.91 731.38  3.35        17.50 643.01
Trenton     4.05                         19.90 731.02  3.30        17.45 641.18
Winchester  4.11                         19.96 733.22  3.29        17.44 640.81
North Gower 3.91                         19.76 725.87  3.30        17.45 641.18
Vankleek Hil4.29                         20.14 739.83  3.25        17.40 639.34
Huron FOB   3.79  3.79  3.90  3.96       19.64 721.46  N/A
Kent FOB    4.10                         19.95 732.85  3.25        17.40 639.34
Lambton FOB 4.16                         20.01 735.06  3.60        17.75 652.20
Mdsx FOB    3.88  4.01  4.32  N/A        19.73 724.77  3.43        17.58 645.95

PROCESSORS
Windsor     4.68                         20.53 754.16  3.48        17.63 647.79

TRANSFER
Hamilton    4.35                         20.20 742.04  3.75        17.90 657.71
Prescott     N/A                                       3.70        17.85 655.88
Port Colborn4.29                         20.14 739.83  3.84        17.99 661.02

Toledo El.  -0.32                        15.53 570.51 -0.45        13.70 503.56


Exchange rate was 1.2725 down 0.0089
Chicago wheat closed lower to sharply lower.
MAR22      HI     9.51  1/4            JUL22   HI      9.42  3/4
           LOW    8.41  1/2                    LOW        8.50
           CLOSE  8.43   Down 83               CLOSE   8.50   Down 75

Minni wheat closed sharply lower.
MAR22      HI       10.34              SEP22   HI      9.84  1/2
           LOW       9.43                      LOW     9.21  3/4
           CLOSE  9.52  1/4  Down 77 3/4       CLOSE   9.21  3/4  Down 60



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      1.67   1.93   1.22    N/A    2.46    2.01   1.50    N/A
Hensall     1.47    N/A   1.47    N/A    2.40    N/A    1.60    N/A
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.50    N/A
Bruce       1.30   1.80   1.30    N/A    2.40    1.80   1.60   1.50
Essex        N/A    N/A   1.30    N/A    N/A     N/A    1.60    N/A
Norwich     1.47    N/A   1.47    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 1.47    N/A   1.47    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   2.32   1.24   1.96    N/A     N/A    1.50   1.57
Varna       1.55   2.05   1.30    N/A    2.40    1.90   1.60    N/A
Mitchell    1.47   2.12   1.47    N/A    2.40    1.80   1.60    N/A
Thornton    1.67   1.93   1.22   2.69    2.46    2.01   1.50    N/A
North Gower  N/A   0.95   1.30   1.07    N/A     N/A    1.44    N/A
W O Feed                  2.29

TERMINAL
Port Colbor  N/A    N/A   1.72    N/A    N/A     N/A    2.00    N/A

PROCESSORS
Toledo FM    N/A    N/A   2.68    N/A    N/A     N/A    2.44    N/A

Toledo El. 8.28US        10.54CA        8.45US         10.75CA


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

FEED GRAINS
FOB Hm Soymeal            683.78
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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