[Farmmarketnews] Tuesday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Tue Jul 12 15:35:08 EDT 2022


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, July 12
(All Bases in CAD)
Exchange rate was 1.2991 up 0.0007
Chicago corn closed sharply lower.

      SEP22   HI 6.41  3/4                    DEC22    HI 6.34  1/4
             LOW 5.91  1/4                            LOW 5.82  1/2
            CLOSE5.94   Down 43                     CLOSE 5.86  1/2  Down 42 1/2

            OLD CROP BASIS                          NEW CROP BASIS
Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt
ELEVATORS        +SEP22+DEC22+DEC22
CK Low       1.90                        7.84 308.65  1.30         7.17 282.07
CK High      2.10                        8.04 316.52  1.45         7.32 287.98
CK Avg       2.00                   0.17 7.94 312.58  1.36 -0.31   7.22 284.32
Essex Cty    2.00                        7.94 312.58  1.30         7.17 282.07
Mdsx Low     1.90                        7.84 308.65  1.35         7.22 284.04
Mdsx High    2.00                        7.94 312.58  1.35         7.22 284.04
Mdsx Avg     1.97                   0.15 7.91 311.27  1.35 -0.31   7.22 284.04
Hensall      2.02                        7.96 313.24  1.37         7.23 284.70
Bruce        2.00                        7.94 312.58  1.35         7.22 284.04
Putnam       2.00                        7.94 312.58  1.40         7.27 286.01
Burford      1.90                        7.84 308.65  1.35         7.22 284.04
Port Perry   1.80                        7.74 304.71  1.25         7.12 280.11
Norfolk      2.00                        7.94 312.58  1.35         7.22 284.04
Palmerston   1.91                        7.85 309.04  1.30         7.17 282.07
Varna        2.00                        7.94 312.58  1.35         7.22 284.04
Belmore      2.00                        7.94 312.58  1.35         7.22 284.04
Trenton      2.00                        7.94 312.58  1.35         7.22 284.04
Winchester   1.90                        7.84 308.65  2.00         7.87 309.63
North Gower  1.80                        7.74 304.71  1.75         7.62 299.79
Vankleek Hil 1.80                        7.74 304.71  1.61         7.48 294.28
Huron FOB   N/A    1.96  2.12N/A                      1.39         7.26 285.62
Kent FOB     2.05                        7.99 314.55  1.35         7.22 284.04
Lamb FOB    N/A                                       1.52         7.39 290.73
Mdsx FOB    N/A  N/A   N/A   N/A                    N/A
FOB SW Que   2.00                        7.94 312.58N/A
Track        2.47                        8.41 330.89N/A
PROCESSORS
Chat-Eth    N/A  N/A   N/A     2.02                   1.71         7.58 298.21
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     2.45                   1.85         7.72 303.73
Cardnl-Ing  N/A  N/A   N/A     2.70                   2.20         8.07 317.51
W O Feed     2.53                        8.47 333.45

US Rep       2.63                        8.57 337.39
Toledo El.   0.97                        6.91 272.21 -0.39         5.48 215.55

TRANSFER
Pt. Colb    N/A                                       1.40         7.27 286.01
Prescott     2.12                        8.06 317.31  2.15         8.02 315.54


HI SD CRN                                             1.45         7.31 1/2
*Wet Bid


Exchange rate was 1.2991 up 0.0007
Chicago soybeans closed lower to sharply lower.

      AUG22   HI 15.33  1/2              NOV22     HI 14.18
             LOW 14.59  1/4                       LOW 13.39  1/4
            CLOSE14.68  1/4  Down 53 3/4        CLOSE 13.43   Down 62

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +AUG22+NOV22+NOV22
CK Low      5.15                         19.83 728.72  3.60        17.03 625.75
CK High     5.45                         20.13 739.74  3.80        17.23 633.09
CK Average  5.33                    0.72 20.01 735.15  3.73 -0.22  17.16 630.68
Essex Cty   5.30                         19.98 734.23  3.70        17.13 629.42
Mdsx Low    5.17                         19.85 729.45  3.65        17.08 627.58
Mdsx High   5.35                         20.03 736.07  3.81        17.24 633.46
Mdsx Average5.27                    0.68 19.96 733.25  3.74 -0.22  17.17 630.77
Hensall     5.43                         20.12 739.13  3.75        17.18 631.26
Bruce       5.15                         19.83 728.72  3.75        17.18 631.26
Putnam      5.45                         20.13 739.74  3.80        17.23 633.09
Burford     5.23                         19.91 731.66  3.87        17.30 635.67
Port Perry  5.14                         19.82 728.35  3.78        17.21 632.36
Norfolk     5.30                         19.98 734.23  3.80        17.23 633.09
Palmerston  5.31                         19.99 734.60  3.57        17.00 624.64
Varna       5.35                         20.03 736.07  3.65        17.08 627.58
Trenton      N/A                                       3.70        17.13 629.42
Winchester   N/A                                       3.82        17.25 633.83
North Gower 4.50                         19.18 704.84  3.60        17.03 625.75
Vankleek Hil3.13                         17.81 654.50  3.62        17.05 626.48
Huron FOB   5.37  5.37  N/A   N/A        20.05 736.80  3.84        17.27 634.56
Kent FOB    5.40                         20.08 737.91  3.75        17.18 631.26
Lambton FOB 5.32                         20.00 734.97  N/A
Mdsx FOB    5.40  5.40  N/A   N/A        20.08 737.91  4.17        17.60 646.69

PROCESSORS
Windsor     5.87                         20.55 755.18  3.94        17.37 638.24

TRANSFER
Hamilton    5.80                         20.48 752.60  4.45        17.88 656.98
Prescott     N/A                                       4.05        17.48 642.28
Port Colborn N/A                                       4.61        18.04 662.86

Toledo El.  0.84                         15.53 570.52 -0.45        12.98 476.76


Exchange rate was 1.2991 up 0.0007
Chicago wheat closed lower.
SEP22      HI     8.69  1/2            JUL23   HI      8.91  1/2
           LOW    8.10                         LOW        8.36
           CLOSE  8.14  1/4  Down 42 1/4       CLOSE   8.39  1/2  Down 36

Minni wheat closed lower.
SEP22      HI        9.65              SEP23   HI      9.38  3/4
           LOW    9.11  1/2                    LOW     9.13  1/2
           CLOSE  9.18  3/4  Down 45           CLOSE   9.19  1/2  Down 32 1/2



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   1.65    N/A    N/A     N/A    1.70    N/A
London      2.99   2.41   1.63    N/A    2.41    2.08   1.56    N/A
Hensall     2.75    N/A   1.55    N/A    2.40    N/A    1.60    N/A
Trenton      N/A    N/A   1.65    N/A    N/A     N/A    1.70    N/A
Bruce       2.75   2.25   1.65   1.60    2.30    2.05   1.70    N/A
Essex        N/A    N/A   1.55    N/A    N/A     N/A    1.55    N/A
Norwich     2.75    N/A   1.55    N/A    2.40    N/A    1.60    N/A
Port Hope    N/A    N/A   1.65    N/A    N/A     N/A    1.70    N/A
Kent Bridge 2.75    N/A   1.55    N/A    2.40    N/A    1.60    N/A
Chatham      N/A    N/A   1.65    N/A    N/A     N/A    1.60    N/A
Brigden      N/A    N/A   1.65    N/A    N/A     N/A    1.60    N/A
Palmerston   N/A   2.17   1.85    N/A    N/A     N/A    1.40    N/A
Varna       2.75   2.25   1.65    N/A    2.30    2.05   1.70    N/A
Mitchell    2.75   2.25   1.55    N/A    2.40    2.05   1.60    N/A
Thornton    2.99   2.41   1.63   2.10    2.41    2.08   1.56    N/A
North Gower  N/A   1.25   1.65   1.12    N/A     1.15   1.55   0.82
W O Feed                  2.14

TERMINAL
Port Colbor  N/A    N/A   2.15    N/A    N/A     N/A    1.95    N/A

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

Toledo El. 7.89US        10.25CA        8.30US         10.78CA


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

FEED GRAINS
FOB Hm Soymeal            760.39
DDG's FOB Srn & Aylm     330.00 - 340.00



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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