[Farmmarketnews] Wednesday Ontario Commodity Report
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Mar 2 16:34:39 EST 2022
Note about 2022 Wheat crop basis levels: Several locations significantly reduced their bids in the wake of the recent volatility. Also, some elevators switched to the September future for their bids, which was trading roughly 86 cents below July. This is the reason for the large disparity between today's values and those of recent days.
Basis values are subject to change any time.
Please do no reply to this email. For any questions about the report, email fmnc at uoguelph.ca
Thank you.
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, March 2
(All Bases in CAD)
Exchange rate was 1.2654 down 0.0078
Chicago corn closed slightly lower to lower.
MAY22 HI 7.47 3/4 DEC22 HI 6.31 3/4
LOW 7.11 1/2 LOW 6.04 1/2
CLOSE7.25 Down 3/4 CLOSE 6.09 1/4 Down 15 1/2
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +MAY22+JUL22+JUL22
CK Low 1.20 8.45 332.66 1.10 7.19 283.16
CK High 1.30 8.55 336.60 1.15 7.24 285.12
CK Avg 1.26 -0.52 8.51 335.19 1.14 -0.38 7.24 284.84
Essex Cty 1.30 8.55 336.60 1.15 7.24 285.12
Mdsx Low 1.20 8.45 332.66 1.15 7.24 285.12
Mdsx High 1.30 8.55 336.60 1.15 7.24 285.12
Mdsx Avg 1.27 -0.52 8.52 335.29 1.15 -0.37 7.24 285.12
Hensall 1.30 8.55 336.60 1.17 7.26 285.78
Bruce 1.30 8.55 336.60 1.15 7.24 285.12
Putnam 1.25 8.50 334.63 1.15 7.24 285.12
Burford 1.20 8.45 332.66 1.15 7.24 285.12
Port Perry 1.15 8.40 330.69 1.15 7.24 285.12
Norfolk 1.30 8.55 336.60 1.15 7.24 285.12
Palmerston 1.21 8.46 333.06 1.05 7.14 281.19
Varna 1.30 8.55 336.60 1.15 7.24 285.12
Belmore 1.30 8.55 336.60 1.15 7.24 285.12
Trenton 1.30 8.55 336.60 1.15 7.24 285.12
Winchester 1.60 8.85 348.41 1.60 7.69 302.84
North Gower 1.45 8.70 342.50 1.35 7.44 293.00
Vankleek Hil 1.77 9.02 355.10 1.33 7.42 292.21
Huron FOB 1.36 1.41 1.69 1.77 8.61 338.96N/A
Kent FOB 1.40 8.65 340.54 1.25 7.34 289.06
Lamb FOB N/A 1.25 7.34 289.06
Mdsx FOB N/A 1.45N/A N/A 1.25 7.34 289.06
FOB SW Que 2.33 9.58 377.15N/A
Track 1.81 9.06 356.68N/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 7.69 302.84
Cardnl-Ing N/A N/A N/A N/A 1.80 7.89 310.71
W O Feed 1.91 9.16 360.42
US Rep 2.06 9.31 366.52
Toledo El. -0.28 6.97 274.46 -0.32 5.78 227.40
TRANSFER
Pt. Colb N/A 1.15 7.24 285.12
Prescott 2.13 9.38 369.27 1.83 7.92 311.90
HI SD CRN 1.30 8.55
*Wet Bid
Exchange rate was 1.2654 down 0.0078
Chicago soybeans closed moderately lower.
MAY22 HI 16.97 NOV22 HI 14.86
LOW 16.50 1/4 LOW 14.42 1/4
CLOSE16.63 Down 27 CLOSE 14.52 1/2 Down 24 1/2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +MAY22+MAY22+JUL22
CK Low 3.85 20.48 752.51 3.15 17.68 649.45
CK High 4.15 20.78 763.53 3.35 17.88 656.79
CK Average 3.99 -0.33 20.62 757.76 3.25 -0.48 17.77 652.96
Essex Cty 3.95 20.58 756.19 3.15 17.68 649.45
Mdsx Low 3.84 20.47 752.14 3.20 17.73 651.28
Mdsx High 4.00 20.63 758.02 3.25 17.78 653.12
Mdsx Average3.93 -0.38 20.56 755.45 3.22 -0.50 17.75 652.02
Hensall 4.00 20.63 758.02 3.25 17.78 653.12
Bruce 4.00 20.63 758.02 3.25 17.78 653.12
Putnam 4.00 20.63 758.02 3.25 17.78 653.12
Burford 3.91 20.54 754.72 3.28 17.81 654.22
Port Perry 3.81 20.44 751.04 3.18 17.71 650.55
Norfolk 3.95 20.58 756.19 3.20 17.73 651.28
Palmerston 3.85 20.48 752.51 3.05 17.58 645.77
Varna 4.00 20.63 758.02 3.25 17.78 653.12
Trenton 4.00 20.63 758.02 3.25 17.78 653.12
Winchester 4.13 20.76 762.80 3.35 17.88 656.79
North Gower 3.95 20.58 756.19 3.25 17.78 653.12
Vankleek Hil4.21 20.84 765.74 3.39 17.92 658.26
Huron FOB 4.02 4.15 4.22 4.34 20.65 758.76 N/A
Kent FOB 4.10 20.73 761.70 3.20 17.73 651.28
Lambton FOB 4.00 20.63 758.02 3.25 17.78 653.12
Mdsx FOB 4.06 4.25 N/A N/A 20.69 760.23 3.43 17.96 659.73
PROCESSORS
Windsor 4.43 21.06 773.82 3.50 18.03 662.31
TRANSFER
Hamilton 4.35 20.98 770.88 3.70 18.23 669.65
Prescott N/A 3.64 18.17 667.45
Port Colborn4.28 20.91 768.31 3.77 18.30 672.23
Toledo El. -0.32 16.31 599.42 -0.44 14.08 517.43
Exchange rate was 1.2654 down 0.0078
Chicago wheat closed mixed, with the front-end months sharply higher to limit up.
MAY22 HI 10.59 JUL22 HI 10.42
LOW 9.85 1/4 LOW 9.54 3/4
CLOSE 10.59 Up 75 CLOSE 10.41 1/4 Up 74 1/4
Minni wheat closed mixed.
MAY22 HI 11.13 3/4 SEP22 HI 10.30
LOW 10.10 3/4 LOW 9.60 1/4
CLOSE 10.58 1/4 Up 4 1/2 CLOSE 9.96 1/2 Down 14
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 0.60 N/A
London 1.82 2.27 1.25 N/A 2.41 1.77 1.33 N/A
Hensall 1.30 N/A 1.30 N/A 1.60 N/A 0.60 N/A
Trenton N/A N/A N/A N/A N/A N/A 0.64 N/A
Bruce 1.20 1.80 1.20 N/A 1.60 0.80 0.60 1.50
Essex N/A N/A 1.30 N/A N/A N/A 1.00 N/A
Norwich 1.30 N/A 1.30 N/A 1.60 N/A 0.60 N/A
Port Hope N/A N/A 0.60 N/A N/A N/A 0.60 N/A
Kent Bridge 1.30 N/A 1.30 N/A 1.60 N/A 0.60 N/A
Chatham N/A N/A 1.30 N/A N/A N/A 1.00 N/A
Brigden N/A N/A 1.30 N/A N/A N/A 1.00 N/A
Palmerston N/A 2.79 N/A 2.15 N/A N/A 0.93 1.65
Varna 1.45 1.95 1.30 N/A 1.34 0.86 0.54 N/A
Mitchell 1.30 1.95 1.30 N/A 1.60 0.80 0.60 N/A
Thornton 1.82 2.27 1.25 2.41 2.41 1.77 1.20 N/A
North Gower N/A 0.90 1.25 1.02 N/A N/A 0.69 N/A
W O Feed 2.70
TERMINAL
Port Colbor N/A N/A 1.63 N/A N/A N/A 1.90 N/A
PROCESSORS
Toledo FM N/A N/A 3.19 N/A N/A N/A 2.89 N/A
Toledo El. 10.49US 13.27CA 10.36US 13.11CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 675.73
DDG's FOB Srn & Aylm 320.00 - 370.00
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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