[Farmmarketnews] Monday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Mon Mar 7 16:06:29 EST 2022


Please note that most elevators are now using the Chicago July 22 future for their Old Crop (2021 Harvest) bids.
Thank you

FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, March 7
(All Bases in CAD)
Exchange rate was 1.2789 up 0.0058
Chicago corn closed moderately higher to higher.

      JUL22   HI 7.47                         DEC22    HI 6.50
             LOW 7.09  1/2                            LOW 6.31  1/4
            CLOSE7.27  1/4  Up 6                    CLOSE 6.42  3/4  Up 13 1/4

            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       1.44                        8.71 343.00  1.10         7.53 296.34
CK High      1.50                        8.77 345.36  1.15         7.58 298.31
CK Avg       1.47                  -0.43 8.75 344.29  1.14 -0.51   7.56 297.75
Essex Cty    1.44                        8.71 343.00  1.15         7.58 298.31
Mdsx Low     1.44                        8.71 343.00  1.10         7.53 296.34
Mdsx High    1.50                        8.77 345.36  1.15         7.58 298.31
Mdsx Avg     1.48                  -0.43 8.75 344.57  1.13 -0.52   7.55 297.33
Hensall      1.58                        8.86 348.64  1.17         7.59 298.97
Bruce        1.50                        8.77 345.36  1.15         7.58 298.31
Putnam       1.50                        8.77 345.36  1.15         7.58 298.31
Burford      1.55                        8.82 347.33  1.10         7.53 296.34
Port Perry   1.40                        8.67 341.42  1.10         7.53 296.34
Norfolk      1.44                        8.71 343.00  1.15         7.58 298.31
Palmerston   1.44                        8.71 343.00  1.16         7.59 298.71
Varna        1.60                        8.87 349.29  1.15         7.58 298.31
Belmore      1.60                        8.87 349.29  1.15         7.58 298.31
Trenton      1.44                        8.71 343.00  1.10         7.53 296.34
Winchester   1.84                        9.11 358.74  1.60         8.03 316.03
North Gower  1.64                        8.91 350.87  1.30         7.73 304.22
Vankleek Hil 2.31                        9.58 377.25  1.26         7.69 302.64
Huron FOB    1.60  1.60  1.81  1.86      8.87 349.29N/A
Kent FOB    N/A                                       1.25         7.68 302.25
Lamb FOB    N/A                                       1.30         7.73 304.22
Mdsx FOB    N/A  N/A     1.80N/A                      1.25         7.68 302.25
FOB SW Que   2.77                       10.04 395.36N/A
Track        2.25                        9.52 374.69N/A
PROCESSORS
Chat-Eth    N/A  N/A   N/A   N/A                      1.35         7.78 306.19
Jhnstwn-Eth N/A  N/A   N/A   N/A                      1.69         8.12 319.57
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         8.03 316.03
Cardnl-Ing  N/A  N/A   N/A   N/A                      1.80         8.23 323.90
W O Feed     2.33                        9.60 377.94

US Rep       2.49                        9.76 384.33
Toledo El.  -0.33                        6.94 273.21 -0.32         6.11 240.45

TRANSFER
Pt. Colb    N/A                                       1.25         7.68 302.25
Prescott     2.30                        9.57 376.85  1.96         8.39 330.20


HI SD CRN    1.50                        8.77 1/4
*Wet Bid


Exchange rate was 1.2789 up 0.0058
Chicago soybeans closed mixed.

      JUL22   HI 16.69                   NOV22     HI 14.72  1/4
             LOW 16.22  1/2                       LOW 14.35
            CLOSE16.34   Up 1                   CLOSE 14.53   Up 2 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                         20.34 747.37  3.19        17.72 651.10
CK High     4.10                         20.44 751.04  3.35        17.88 656.98
CK Average  4.06                   -0.39 20.40 749.73  3.27 -0.61  17.80 654.04
Essex Cty   4.00                         20.34 747.37  3.20        17.73 651.47
Mdsx Low    4.00                         20.34 747.37  3.19        17.72 651.10
Mdsx High   4.05                         20.39 749.20  3.25        17.78 653.30
Mdsx Average4.02                   -0.42 20.36 747.98  3.21 -0.66  17.74 651.96
Hensall     4.07                         20.41 749.82  3.23        17.76 652.69
Bruce       4.10                         20.44 751.04  3.30        17.83 655.14
Putnam      4.10                         20.44 751.04  3.30        17.83 655.14
Burford     4.10                         20.44 751.04  3.24        17.77 652.94
Port Perry  4.01                         20.35 747.73  3.15        17.68 649.63
Norfolk     4.00                         20.34 747.37  3.25        17.78 653.30
Palmerston  4.00                         20.34 747.37  3.23        17.76 652.57
Varna       4.05                         20.39 749.20  3.20        17.73 651.47
Trenton     4.00                         20.34 747.37  3.30        17.83 655.14
Winchester  4.10                         20.44 751.04  3.35        17.88 656.98
North Gower 4.00                         20.34 747.37  3.20        17.73 651.47
Vankleek Hil4.71                         21.05 773.46  3.29        17.82 654.77
Huron FOB   4.17  4.29  4.24  4.37       20.51 753.61  N/A
Kent FOB    4.20                         20.54 754.72  3.25        17.78 653.30
Lambton FOB 4.15                         20.49 752.88  3.35        17.88 656.98
Mdsx FOB    3.93  4.31  4.38  N/A        20.27 744.80  3.45        17.98 660.65

PROCESSORS
Windsor     4.82                         21.16 777.50  3.71        18.24 670.21

TRANSFER
Hamilton    4.50                         20.84 765.74  3.75        18.28 671.68
Prescott     N/A                                       3.74        18.27 671.31
Port Colborn4.37                         20.71 760.96  3.89        18.42 676.82

Toledo El.  0.00                         16.34 600.39 -0.45        14.08 517.44


Exchange rate was 1.2789 up 0.0058
Chicago wheat closed higher to sharply higher.
JUL22      HI     12.60  1/4           SEP22   HI        11.45
           LOW    11.90  1/4                   LOW     10.66  1/2
           CLOSE  12.52  1/2  Up 77 1/4        CLOSE   11.41  1/2  Up 78 1/2

Minni wheat closed higher.
MAY22      HI       12.07              SEP22   HI        11.15
           LOW    11.52  3/4                   LOW       10.61
           CLOSE  11.97  1/2  Up 50 1/2        CLOSE   11.09  1/2  Up 42 3/4



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    1.40    N/A
London      2.55   2.49   1.60    N/A    3.59    2.69   1.48    N/A
Hensall     1.10    N/A   1.10    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       1.00   1.80   1.00    N/A    2.20    1.70   1.40   1.50
Essex        N/A    N/A   1.10    N/A    N/A     N/A    1.40    N/A
Norwich     1.10    N/A   1.10    N/A    2.40    N/A    1.40    N/A
Port Hope    N/A    N/A   1.10    N/A    N/A     N/A    1.40    N/A
Kent Bridge 1.10    N/A   1.10    N/A    2.40    N/A    1.40    N/A
Chatham      N/A    N/A   1.10    N/A    N/A     N/A    1.40    N/A
Brigden      N/A    N/A   1.10    N/A    N/A     N/A    1.40    N/A
Palmerston   N/A   1.91    N/A    N/A    N/A     N/A    1.53    N/A
Varna       1.35   1.85   1.10    N/A    2.20    1.70   1.40    N/A
Mitchell    1.10   1.80   1.10    N/A    2.40    1.70   1.40    N/A
Thornton    2.55   2.49   1.60   2.79    3.59    2.69   1.48    N/A
North Gower  N/A    N/A    N/A    N/A    N/A     N/A    0.95    N/A
W O Feed                  3.94

TERMINAL
Port Colbor  N/A    N/A   2.05    N/A    N/A     N/A    1.94    N/A

PROCESSORS
Toledo FM    N/A    N/A   2.07    N/A    N/A     N/A    3.18    N/A

Toledo El. 12.64US       16.16CA       12.33US         15.76CA


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

FEED GRAINS
FOB Hm Soymeal            682.01
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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