[Farmmarketnews] Friday Ontario Commodity Report
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Fri Mar 4 16:29:03 EST 2022
Please note the following changes as several end-user and elevators are using various futures months for the bases.
For Old Crop corn and soybeans, we're using the July future
For New Crop Harvest 2022 we're using the Chicago September future for New Crop SRW,SWW and HRW.
We continue to use May for old crop wheat.
Thank you.
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, March 4
(All Bases in CAD)
Exchange rate was 1.2731 up 0.0046
Chicago corn closed higher.
JUL22 HI 7.38 1/2 DEC22 HI 6.47
LOW 7.00 1/4 LOW 6.11
CLOSE7.21 1/4 Up 17 3/4 CLOSE 6.29 1/2 Up 17 1/2
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +JUL22+JUL22+JUL22
CK Low 1.53 8.74 344.18 1.10 7.40 291.13
CK High 1.60 8.81 346.93 1.15 7.45 293.10
CK Avg 1.57 -0.32 8.78 345.64 1.14 -0.45 7.44 292.82
Essex Cty 1.53 8.74 344.18 1.15 7.45 293.10
Mdsx Low 1.53 8.74 344.18 1.15 7.45 293.10
Mdsx High 1.60 8.81 346.93 1.15 7.45 293.10
Mdsx Avg 1.57 -0.32 8.78 345.55 1.15 -0.45 7.45 293.10
Hensall 1.59 8.81 346.67 1.17 7.46 293.75
Bruce 1.60 8.81 346.93 1.15 7.45 293.10
Putnam 1.60 8.81 346.93 1.15 7.45 293.10
Burford 1.60 8.81 346.93 1.15 7.45 293.10
Port Perry 1.50 8.71 343.00 1.15 7.45 293.10
Norfolk 1.53 8.74 344.18 1.15 7.45 293.10
Palmerston 1.42 8.63 339.85N/A
Varna 1.60 8.81 346.93 1.15 7.45 293.10
Belmore 1.60 8.81 346.93 1.15 7.45 293.10
Trenton 1.58 8.79 346.15 1.15 7.45 293.10
Winchester 1.93 9.14 359.92 1.60 7.90 310.81
North Gower 1.73 8.94 352.05 1.30 7.60 299.00
Vankleek Hil 2.31 9.52 374.88 1.26 7.56 297.43
Huron FOB 1.60 1.60 1.92 1.95 8.81 346.93N/A
Kent FOB N/A 1.25 7.55 297.03
Lamb FOB N/A 1.40 7.70 302.94
Mdsx FOB N/A N/A 1.70N/A 1.25 7.55 297.03
FOB SW Que 2.82 10.03 394.96N/A
Track 2.30 9.51 374.49N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A 1.32 7.62 299.79
Jhnstwn-Eth N/A N/A N/A N/A 1.67 7.97 313.57
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 7.90 310.81
Cardnl-Ing N/A N/A N/A N/A 1.80 8.10 318.69
W O Feed 2.31 9.52 374.79
US Rep 2.55 9.76 384.33
Toledo El. -0.22 7.00 275.42 -0.32 5.98 235.29
TRANSFER
Pt. Colb N/A 1.15 7.45 293.10
Prescott 2.30 9.51 374.49 1.96 8.26 324.98
HI SD CRN 1.60 8.81 1/4
*Wet Bid
Exchange rate was 1.2731 up 0.0046
Chicago soybeans closed mixed.
JUL22 HI 16.55 1/2 NOV22 HI 14.67 1/4
LOW 16.07 1/2 LOW 14.20
CLOSE16.33 Up 1/4 CLOSE 14.50 1/4 Down 3 3/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +JUL22+JUL22+JUL22
CK Low 4.00 20.33 747.00 3.25 17.75 652.29
CK High 4.20 20.53 754.35 3.40 17.90 657.80
CK Average 4.12 -0.27 20.45 751.41 3.32 -0.50 17.83 654.97
Essex Cty 4.20 20.53 754.35 3.35 17.85 655.97
Mdsx Low 4.00 20.33 747.00 3.20 17.70 650.46
Mdsx High 4.20 20.53 754.35 3.40 17.90 657.80
Mdsx Average4.08 -0.30 20.41 749.94 3.29 -0.53 17.79 653.64
Hensall 4.08 20.41 749.82 3.23 17.74 651.68
Bruce 4.00 20.33 747.00 3.20 17.70 650.46
Putnam 4.00 20.33 747.00 3.30 17.80 654.13
Burford 4.09 20.42 750.31 3.31 17.81 654.50
Port Perry 4.00 20.33 747.00 3.22 17.72 651.19
Norfolk 4.20 20.53 754.35 3.40 17.90 657.80
Palmerston 4.02 20.35 747.73 N/A
Varna 4.05 20.38 748.84 3.20 17.70 650.46
Trenton 4.15 20.48 752.51 3.30 17.80 654.13
Winchester 4.20 20.53 754.35 3.40 17.90 657.80
North Gower 4.28 20.61 757.29 3.20 17.70 650.46
Vankleek Hil4.71 21.04 773.09 3.29 17.79 653.76
Huron FOB 4.26 4.39 4.33 4.46 20.59 756.55 N/A
Kent FOB 4.40 20.73 761.70 3.40 17.90 657.80
Lambton FOB 4.10 20.43 750.67 3.30 17.80 654.13
Mdsx FOB 3.92 4.30 4.37 N/A 20.25 744.06 3.53 18.03 662.58
PROCESSORS
Windsor 4.70 21.03 772.72 3.61 18.11 665.52
TRANSFER
Hamilton 4.70 21.03 772.72 3.90 18.40 676.18
Prescott N/A 3.74 18.24 670.30
Port Colborn4.36 20.69 760.23 3.97 18.47 678.75
Toledo El. -0.32 16.01 588.33 -0.45 14.06 516.50
Exchange rate was 1.2731 up 0.0046
Chicago wheat closed moderately higher to limit up.
MAY22 HI 12.09 SEP22 HI 11.05 3/4
LOW 12.09 LOW 9.86 1/4
CLOSE 12.09 Up 75 CLOSE 10.63 Up 32 1/4
Minni wheat closed higher.
MAY22 HI 11.78 1/4 SEP22 HI 10.84 3/4
LOW 10.58 1/4 LOW 9.90
CLOSE 11.47 Up 28 3/4 CLOSE 10.66 3/4 Up 42
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 N/A N/A
London 1.94 2.13 1.49 N/A 3.51 2.75 1.66 N/A
Hensall 1.30 N/A 1.30 N/A 2.40 N/A 1.40 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.10 N/A
Bruce 0.66 1.46 0.66 N/A 2.20 1.70 1.40 1.50
Essex N/A N/A 1.30 N/A N/A N/A 1.40 N/A
Norwich 1.30 N/A 1.30 N/A 2.40 N/A 1.40 N/A
Port Hope N/A N/A 1.30 N/A N/A N/A 1.40 N/A
Kent Bridge 1.30 N/A 1.30 N/A 2.40 N/A 1.40 N/A
Chatham N/A N/A 1.30 N/A N/A N/A 1.40 N/A
Brigden N/A N/A 1.30 N/A N/A N/A 1.40 N/A
Palmerston N/A 1.70 1.00 2.29 N/A 0.89 1.20 1.81
Varna 1.01 1.51 0.76 N/A 2.20 1.70 1.40 N/A
Mitchell 1.30 1.95 1.30 N/A 2.40 1.70 1.40 N/A
Thornton 1.94 2.13 1.49 2.88 3.51 2.75 1.66 N/A
North Gower N/A N/A N/A N/A N/A N/A 1.10 N/A
W O Feed 3.13
TERMINAL
Port Colbor N/A N/A 1.95 N/A N/A N/A 2.05 N/A
PROCESSORS
Toledo FM N/A N/A 1.44 N/A N/A N/A 2.90 N/A
Toledo El. 11.89US 15.14CA 11.60US 14.77CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 689.40
DDG's FOB Srn & Aylm 350.00 - 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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This Farm Market News product is sponsored by:
Grain Farmers of Ontario
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