[Farmmarketnews] Wednesday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Wed Jun 1 16:13:18 EDT 2022


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, June 1
(All Bases in CAD)
Exchange rate was 1.263 down 0.0015
Chicago corn closed lower.

      JUL22   HI 7.56  1/4                    DEC22    HI 7.16
             LOW 7.20  1/2                            LOW 6.82
            CLOSE7.31  1/4  Down 22 1/4             CLOSE 6.91  1/2  Down 20

            OLD CROP BASIS                          NEW CROP BASIS
Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt
ELEVATORS        +JUL22+JUL22+DEC22
CK Low       1.55                        8.86 348.90  1.40         8.32 327.35
CK High      1.65                        8.96 352.84  1.45         8.37 329.32
CK Avg       1.61                  -0.25 8.92 351.15  1.43 -0.31   8.34 328.47
Essex Cty    1.60                        8.91 350.87  1.40         8.32 327.35
Mdsx Low     1.60                        8.91 350.87  1.40         8.32 327.35
Mdsx High    1.60                        8.91 350.87  1.45         8.37 329.32
Mdsx Avg     1.60                  -0.26 8.91 350.87  1.43 -0.31   8.34 328.33
Hensall      1.65                        8.96 352.84  1.47         8.38 329.97
Bruce        1.65                        8.96 352.84  1.45         8.37 329.32
Putnam       1.65                        8.96 352.84  1.45         8.37 329.32
Burford      1.60                        8.91 350.87  1.45         8.37 329.32
Port Perry   1.50                        8.81 346.93  1.30         8.22 323.41
Norfolk      1.60                        8.91 350.87  1.40         8.32 327.35
Palmerston   1.42                        8.73 343.78  1.25         8.17 321.44
Varna        1.60                        8.91 350.87  1.45         8.37 329.32
Belmore      1.60                        8.91 350.87  1.45         8.37 329.32
Trenton      1.55                        8.86 348.90  1.50         8.42 331.28
Winchester   1.90                        9.21 362.68  1.80         8.72 343.09
North Gower  2.00                        9.31 366.62  1.80         8.72 343.09
Vankleek Hil 2.13                        9.44 371.73  1.51         8.43 331.68
Huron FOB    1.57  1.62  1.62  2.16      8.88 349.69  1.43         8.35 328.53
Kent FOB     1.70                        9.01 354.81  1.45         8.37 329.32
Lamb FOB     1.56                        8.87 349.29  1.49         8.41 330.89
Mdsx FOB     1.50  1.60N/A   N/A         8.81 346.93  1.45         8.37 329.32
FOB SW Que   3.40                       10.71 421.73N/A
Track        1.91                        9.22 363.07N/A
PROCESSORS
Chat-Eth    N/A  N/A   N/A   N/A                      1.71         8.63 339.55
Jhnstwn-Eth N/A  N/A   N/A   N/A                      2.21         9.13 359.24
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     2.55                   1.85         8.77 345.06
Cardnl-Ing  N/A  N/A   N/A   N/A                      2.20         9.12 358.84
W O Feed     1.97                        9.28 365.24

US Rep       2.11                        9.42 370.95
Toledo El.  -0.19                        7.12 280.42 -0.32         6.60 259.80

TRANSFER
Pt. Colb    N/A                                       1.55         8.47 333.25
Prescott     2.33                        9.64 379.61  2.10         9.02 354.90


HI SD CRN                                             1.45         8.36 1/2
*Wet Bid


Exchange rate was 1.263 down 0.0015
Chicago soybeans closed mixed.

      JUL22   HI 17.06  1/2              NOV22     HI 15.34  1/2
             LOW 16.75  1/4                       LOW 15.03  1/4
            CLOSE16.90  1/4  Up 7               CLOSE 15.15  1/4  Up 5 3/4

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +JUL22+SEP22+NOV22
CK Low      4.20                         21.10 775.38  3.39        18.54 681.32
CK High     4.60                         21.50 790.08  3.50        18.65 685.36
CK Average  4.52                    0.06 21.43 787.30  3.41 -0.45  18.57 682.16
Essex Cty   4.60                         21.50 790.08  3.40        18.55 681.69
Mdsx Low    4.50                         21.40 786.41  3.40        18.55 681.69
Mdsx High   4.60                         21.50 790.08  3.41        18.56 682.06
Mdsx Average4.56                    0.09 21.47 788.73  3.40 -0.46  18.56 681.81
Hensall     4.55                         21.45 788.24  3.42        18.57 682.30
Bruce       4.55                         21.45 788.24  3.40        18.55 681.69
Putnam      4.55                         21.45 788.24  3.45        18.60 683.52
Burford     4.65                         21.55 791.92  3.47        18.62 684.26
Port Perry  4.50                         21.40 786.41  3.32        18.47 678.75
Norfolk     4.60                         21.50 790.08  3.45        18.60 683.52
Palmerston  4.57                         21.47 788.98  3.43        18.58 682.79
Varna       4.55                         21.45 788.24  3.40        18.55 681.69
Trenton      N/A                                       3.55        18.70 687.20
Winchester  4.25                         21.15 777.22  3.50        18.65 685.36
North Gower 4.70                         21.60 793.76  3.70        18.85 692.71
Vankleek Hil4.42                         21.32 783.47  3.40        18.55 681.69
Huron FOB   4.68  4.70  4.70  3.48       21.58 793.02  3.48        18.63 684.63
Kent FOB    4.80                         21.70 797.43  3.40        18.55 681.69
Lambton FOB 4.81                         21.71 797.80  N/A
Mdsx FOB    4.82  4.89  N/A   N/A        21.72 798.17  3.68        18.83 691.98

PROCESSORS
Windsor     5.06                         21.96 806.98  3.84        18.99 697.85

TRANSFER
Hamilton    5.25                         22.15 813.97  4.05        19.20 705.57
Prescott     N/A                                       3.92        19.07 700.79
Port Colborn N/A                                       3.75        18.90 694.55

Toledo El.  0.32                         17.22 632.66 -0.44        14.71 540.52


Exchange rate was 1.263 down 0.0015
Chicago wheat closed lower.
JUL22      HI     10.98                SEP22   HI      11.06  3/4
           LOW    10.27  1/4                   LOW     10.37  1/2
           CLOSE  10.41  1/4  Down 46 1/4      CLOSE   10.52  1/4  Down 45 1/4

Minni wheat closed sharply lower.
JUL22      HI     12.60  1/2           SEP22   HI      12.60  1/2
           LOW      11.90                      LOW       11.90
           CLOSE  11.97   Down 50 1/2          CLOSE   11.97  1/4  Down 50 1/4



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    N/A    N/A    N/A     N/A    2.25    N/A
London      2.04   2.35   1.79    N/A    2.56    2.37   1.87    N/A
Hensall     2.00    N/A   2.00    N/A    3.15    N/A    2.15    N/A
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    2.20    N/A
Bruce       1.90   2.40   1.90    N/A    2.95    2.40   2.05   1.40
Essex        N/A    N/A   1.80    N/A    N/A     N/A    1.95    N/A
Norwich     2.00    N/A   2.00    N/A    3.15    N/A    2.15    N/A
Port Hope    N/A    N/A    N/A    N/A    N/A     N/A    2.15    N/A
Kent Bridge 2.00    N/A   2.00    N/A    3.15    N/A    2.15    N/A
Chatham      N/A    N/A   1.80    N/A    N/A     N/A    1.95    N/A
Brigden      N/A    N/A   1.80    N/A    N/A     N/A    1.95    N/A
Palmerston   N/A   1.98   1.54   2.38    N/A     2.50   1.99    N/A
Varna       2.20   2.70   1.95    N/A    2.95    2.40   2.05    N/A
Mitchell    2.00   2.70   2.00    N/A    3.15    2.50   2.15    N/A
Thornton    2.04   2.35   1.79   1.36    2.56    2.37   1.87    N/A
North Gower  N/A    N/A    N/A    N/A    N/A     N/A    2.25    N/A
W O Feed                  2.34

TERMINAL
Port Colbor  N/A    N/A   2.24    N/A    N/A     N/A    2.26    N/A

PROCESSORS
Toledo FM    N/A    N/A   2.88    N/A    N/A     N/A    2.77    N/A

Toledo El. 10.26US       12.96CA       10.26US         12.96CA


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

FEED GRAINS
FOB Hm Soymeal            655.56
DDG's FOB Srn & Aylm     375.00 - 380.00


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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