[Farmmarketnews] Thursday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Thu Jul 14 15:50:58 EDT 2022


Please note that the Soybean report now uses the November future for both old and new crop soybeans.

FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, July 14
(All Bases in CAD)
Exchange rate was 1.3107 up 0.0130
Chicago corn closed slightly higher.

      SEP22   HI 6.13                         DEC22    HI 6.08
             LOW 5.95  1/2                            LOW 5.89  1/4
            CLOSE6.05   Up 5                        CLOSE 6.01   Up 5 3/4

            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       1.70                        7.75 305.10  1.35         7.36 289.75
CK High      2.00                        8.05 316.91  1.45         7.46 293.69
CK Avg       1.96                   0.06 8.01 315.23  1.38 -0.37   7.39 290.88
Essex Cty    2.00                        8.05 316.91  1.35         7.36 289.75
Mdsx Low     1.70                        7.75 305.10  1.40         7.41 291.72
Mdsx High    2.00                        8.05 316.91  1.40         7.41 291.72
Mdsx Avg     1.90                   0.02 7.95 312.98  1.40 -0.36   7.41 291.72
Hensall      2.02                        8.07 317.57  1.37         7.38 290.41
Bruce        2.00                        8.05 316.91  1.35         7.36 289.75
Putnam       2.00                        8.05 316.91  1.40         7.41 291.72
Burford      1.70                        7.75 305.10  1.40         7.41 291.72
Port Perry   1.70                        7.75 305.10  1.30         7.31 287.78
Norfolk      2.00                        8.05 316.91  1.40         7.41 291.72
Palmerston   1.95                        8.00 314.95  1.41         7.42 292.11
Varna        2.00                        8.05 316.91  1.35         7.36 289.75
Belmore      2.00                        8.05 316.91  1.35         7.36 289.75
Trenton      1.90                        7.95 312.98  1.35         7.36 289.75
Winchester  N/A                                       1.80         7.81 307.47
North Gower  1.75                        7.80 307.07  1.75         7.76 305.50
Vankleek Hil 1.84                        7.89 310.62  1.61         7.62 299.99
Huron FOB   N/A    2.16  2.20N/A                      1.46         7.47 294.08
Kent FOB     2.05                        8.10 318.88  1.40         7.41 291.72
Lamb FOB    N/A                                       1.55         7.56 297.62
Mdsx FOB    N/A  N/A   N/A   N/A                      1.35         7.36 289.75
FOB SW Que   1.91                        7.96 313.37N/A
Track        2.50                        8.55 336.60N/A
PROCESSORS
Chat-Eth    N/A  N/A   N/A     1.94                   1.63         7.64 300.77
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         7.86 309.43
Cardnl-Ing  N/A  N/A   N/A     2.70                 N/A
W O Feed     2.60                        8.65 340.54

US Rep       2.73                        8.78 345.65
Toledo El.   0.98                        7.03 276.88 -0.39         5.62 221.12

TRANSFER
Pt. Colb    N/A                                       1.55         7.56 297.62
Prescott     2.10                        8.15 320.85  2.16         8.17 321.64


HI SD CRN                                             1.45         7.46
*Wet Bid


Exchange rate was 1.3107 up 0.0130
Chicago soybeans closed slightly lower.

      NOV22   HI 13.65  1/2              NOV22     HI 13.65  1/2
             LOW 13.17  3/4                       LOW 13.17  3/4
            CLOSE13.41   Down 8 1/2             CLOSE 13.41   Down 8 1/2

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +NOV22+NOV22+NOV22
CK Low      6.10                         19.51 716.87  3.70        17.11 628.68
CK High     6.76                         20.17 741.12  3.92        17.33 636.77
CK Average  6.46                    1.75 19.87 730.05  3.79 -0.29  17.20 631.94
Essex Cty   6.50                         19.91 731.57  3.70        17.11 628.68
Mdsx Low    6.50                         19.91 731.57  3.65        17.06 626.85
Mdsx High   6.78                         20.19 741.86  3.94        17.35 637.50
Mdsx Average6.61                    1.87 20.02 735.73  3.78 -0.29  17.19 631.62
Hensall     6.62                         20.03 736.10  3.77        17.18 631.13
Bruce       6.70                         20.11 738.92  3.75        17.16 630.52
Putnam      6.45                         19.86 729.73  3.80        17.21 632.36
Burford     6.84                         20.25 744.06  4.00        17.41 639.71
Port Perry  6.75                         20.16 740.75  3.91        17.32 636.40
Norfolk     6.50                         19.91 731.57  3.80        17.21 632.36
Palmerston  6.69                         20.10 738.55  3.72        17.13 629.42
Varna       6.71                         20.12 739.28  3.75        17.16 630.52
Trenton      N/A                                       3.75        17.16 630.52
Winchester   N/A                                       3.94        17.35 637.50
North Gower 5.81                         19.22 706.21  3.60        17.01 625.01
Vankleek Hil5.00                         18.41 676.45  3.61        17.02 625.38
Huron FOB   6.72  6.72  N/A   N/A        20.13 739.65  3.97        17.38 638.61
Kent FOB    6.60                         20.01 735.24  3.75        17.16 630.52
Lambton FOB 6.43                         19.84 729.00  N/A
Mdsx FOB    6.81  6.81  N/A   N/A        20.22 742.96  4.26        17.67 649.26

PROCESSORS
Windsor     7.26                         20.67 759.49  4.16        17.57 645.59

TRANSFER
Hamilton    6.85                         20.26 744.43  4.45        17.86 656.24
Prescott     N/A                                       4.07        17.48 642.28
Port Colborn N/A                                       4.50        17.91 658.08

Toledo El.  0.85                         14.26 524.04 -0.46        12.95 475.88


Exchange rate was 1.3107 up 0.0130
Chicago wheat closed slightly to moderately lower.
SEP22      HI     8.29  1/2            JUL23   HI      8.50  3/4
           LOW    7.92                         LOW     8.23  1/4
           CLOSE  7.95   Down 15 3/4           CLOSE   8.25  1/2  Down 11

Minni wheat closed slightly lower.
SEP22      HI        9.36              SEP23   HI      9.28  1/2
           LOW    9.07  1/2                    LOW        9.08
           CLOSE  9.10  1/2  Down 3 1/4        CLOSE   9.08   Down 11 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   1.55    N/A    N/A     N/A    1.60    N/A
London      3.08   2.49   1.70    N/A    2.49    2.16   1.64    N/A
Hensall     2.85    N/A   1.65    N/A    2.50    N/A    1.70    N/A
Trenton      N/A    N/A   1.65    N/A    N/A     N/A    1.70    N/A
Bruce       2.65   2.25   1.70   1.60    2.30    2.05   1.70    N/A
Essex        N/A    N/A   1.65    N/A    N/A     N/A    1.65    N/A
Norwich     2.85    N/A   1.65    N/A    2.50    N/A    1.70    N/A
Port Hope    N/A    N/A   1.55    N/A    N/A     N/A    1.60    N/A
Kent Bridge 2.85    N/A   1.65    N/A    2.50    N/A    1.70    N/A
Chatham      N/A    N/A   1.75    N/A    N/A     N/A    1.70    N/A
Brigden      N/A    N/A   1.75    N/A    N/A     N/A    1.70    N/A
Palmerston   N/A   2.21   1.88    N/A    N/A     N/A    1.44    N/A
Varna       2.75   2.25   1.65    N/A    2.20    1.95   1.60    N/A
Mitchell    2.85   2.30   1.65    N/A    2.50    2.05   1.70    N/A
Thornton    3.08   2.49   1.70   2.17    2.49    2.16   1.64    N/A
North Gower  N/A   1.20   1.60   1.17    N/A     1.10   1.50   0.87
W O Feed                  2.18

TERMINAL
Port Colbor  N/A    N/A   2.23    N/A    N/A     N/A    2.03    N/A

PROCESSORS
Toledo FM    N/A    N/A   2.47    N/A    N/A     N/A     N/A    N/A

Toledo El. 7.70US        10.09CA        8.16US         10.69CA


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

FEED GRAINS
FOB Hm Soymeal            772.62
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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