[Farmmarketnews] Tuesday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Tue May 3 15:28:34 EDT 2022


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 3
(All Bases in CAD)
Exchange rate was 1.2863 down 0.0052
Chicago corn closed slightly to moderately lower.

      JUL22   HI 8.13  3/4                    DEC22    HI 7.49
             LOW 7.92                                 LOW 7.30  3/4
            CLOSE7.93   Down 10 1/2                 CLOSE 7.35  1/4  Down 7

            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       1.55                        9.48 373.21  1.35         8.70 342.60
CK High      1.65                        9.58 377.15  1.45         8.80 346.54
CK Avg       1.62                  -0.50 9.55 376.02  1.43 -0.53   8.78 345.70
Essex Cty    1.65                        9.58 377.15  1.45         8.80 346.54
Mdsx Low     1.65                        9.58 377.15  1.45         8.80 346.54
Mdsx High    1.65                        9.58 377.15  1.45         8.80 346.54
Mdsx Avg     1.65                  -0.48 9.58 377.15  1.45 -0.51   8.80 346.54
Hensall      1.65                        9.58 377.15  1.47         8.82 347.20
Bruce        1.60                        9.53 375.18  1.45         8.80 346.54
Putnam       1.60                        9.53 375.18  1.45         8.80 346.54
Burford      1.65                        9.58 377.15  1.45         8.80 346.54
Port Perry   1.50                        9.43 371.24  1.25         8.60 338.67
Norfolk      1.65                        9.58 377.15  1.45         8.80 346.54
Palmerston   1.49                        9.42 370.85  1.32         8.67 341.42
Varna        1.65                        9.58 377.15  1.45         8.80 346.54
Belmore      1.65                        9.58 377.15  1.45         8.80 346.54
Trenton      1.55                        9.48 373.21  1.30         8.65 340.63
Winchester   1.80                        9.73 383.05  1.80         9.15 360.32
North Gower  1.70                        9.63 379.12  1.65         9.00 354.41
Vankleek Hil 2.13                       10.06 396.04  1.68         9.03 355.59
Huron FOB    1.65  1.70  1.85  1.91      9.58 377.15  1.45         8.80 346.54
Kent FOB     1.75                        9.68 381.08  1.60         8.95 352.44
Lamb FOB     1.95                        9.88 388.96  1.65         9.00 354.41
Mdsx FOB     1.75  1.80  1.90N/A         9.68 381.08  1.55         8.90 350.48
FOB SW Que   2.99                       10.92 429.90N/A
Track        2.33                       10.26 403.72N/A
PROCESSORS
Chat-Eth    N/A  N/A   N/A   N/A                      1.93         9.28 365.44
Jhnstwn-Eth N/A  N/A   N/A   N/A                      2.11         9.46 372.52
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                      1.95         9.30 366.22
Cardnl-Ing  N/A  N/A   N/A   N/A                      2.25         9.60 378.03
W O Feed     2.33                       10.26 404.00

US Rep       2.47                       10.40 409.43
Toledo El.  -0.32                        7.61 299.53 -0.32         7.03 276.80

TRANSFER
Pt. Colb    N/A                                       1.55         8.90 350.48
Prescott     2.59                       10.52 414.15  2.27         9.62 378.82


HI SD CRN                                             1.45         8.80 1/4
*Wet Bid


Exchange rate was 1.2863 down 0.0052
Chicago soybeans closed slightly to moderately lower.

      JUL22   HI 16.62  3/4              NOV22     HI 15.03  1/4
             LOW 16.29                            LOW 14.76  1/4
            CLOSE16.30  1/2  Down 14 3/4        CLOSE 14.78  1/4  Down 12 1/4

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +JUL22+JUL22+SEP22
CK Low      4.66                         20.97 770.33  3.70        18.48 679.12
CK High     4.75                         21.06 773.64  3.90        18.68 686.46
CK Average  4.70                    0.03 21.01 771.85  3.75 -0.38  18.53 680.85
Essex Cty   4.70                         21.01 771.80  3.70        18.48 679.12
Mdsx Low    4.64                         20.95 769.60  3.70        18.48 679.12
Mdsx High   4.70                         21.01 771.80  3.76        18.54 681.32
Mdsx Average4.68                    0.01 20.99 771.07  3.74 -0.38  18.52 680.46
Hensall     4.73                         21.04 773.03  3.77        18.55 681.57
Bruce       4.70                         21.01 771.80  3.70        18.48 679.12
Putnam      4.70                         21.01 771.80  3.70        18.48 679.12
Burford     4.70                         21.01 771.80  3.82        18.60 683.52
Port Perry  4.55                         20.86 766.29  3.67        18.45 678.01
Norfolk     4.70                         21.01 771.80  3.75        18.53 680.95
Palmerston  4.65                         20.96 769.96  3.71        18.49 679.48
Varna       4.70                         21.01 771.80  3.80        18.58 682.79
Trenton     4.65                         20.96 769.96  3.75        18.53 680.95
Winchester  4.70                         21.01 771.80  3.90        18.68 686.46
North Gower 4.35                         20.66 758.94  3.60        18.38 675.44
Vankleek Hil4.47                         20.78 763.35  3.64        18.42 676.91
Huron FOB   4.79  4.89  4.89  5.07       21.10 775.11  3.70        18.48 679.12
Kent FOB    4.90                         21.21 779.15  3.70        18.48 679.12
Lambton FOB 4.82                         21.13 776.21  N/A
Mdsx FOB    4.93  5.00  5.00  N/A        21.24 780.25  3.99        18.77 689.77

PROCESSORS
Windsor     5.34                         21.65 795.32  4.04        18.82 691.61

TRANSFER
Hamilton    5.35                         21.66 795.69  4.35        19.13 703.00
Prescott     N/A                                       4.02        18.80 690.87
Port Colborn N/A                                       4.01        18.79 690.51

Toledo El.  -0.06                        16.24 596.74 -0.45        14.33 526.62


Exchange rate was 1.2863 down 0.0052
Chicago wheat closed slightly lower.
JUL22      HI     10.68  3/4           SEP22   HI        10.71
           LOW    10.44                        LOW     10.47  1/2
           CLOSE  10.45  1/2  Down 10          CLOSE   10.49  1/2  Down 8 3/4

Minni wheat closed slightly to moderately lower.
JUL22      HI     11.80  1/2           SEP22   HI        11.70
           LOW    11.54  1/4                   LOW     11.47  1/4
           CLOSE  11.55  1/2  Down 12 1/4      CLOSE   11.48   Down 8 1/2



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    2.10    N/A
London      2.20   2.53   1.95    N/A    2.92    2.40   2.08    N/A
Hensall     1.80    N/A   1.80    N/A    3.10    N/A    2.10    N/A
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    2.10    N/A
Bruce        N/A    N/A   1.80    N/A    3.00    2.45   2.10   1.30
Essex        N/A    N/A   1.80    N/A    N/A     N/A    2.10    N/A
Norwich     1.80    N/A   1.80    N/A    3.10    N/A    2.10    N/A
Port Hope    N/A    N/A    N/A    N/A    N/A     N/A    2.10    N/A
Kent Bridge 1.80    N/A   1.80    N/A    3.10    N/A    2.10    N/A
Chatham      N/A    N/A   1.80    N/A    N/A     N/A    2.10    N/A
Brigden      N/A    N/A   1.80    N/A    N/A     N/A    2.10    N/A
Palmerston   N/A   2.22   1.77   2.53    N/A     2.62   2.16    N/A
Varna       2.05   2.55   1.80    N/A    3.00    2.45   2.10    N/A
Mitchell    1.80   2.50   1.80    N/A    3.10    2.45   2.10    N/A
Thornton    2.20   2.53   1.95   1.49    2.92    2.40   2.08    N/A
North Gower  N/A    N/A    N/A    N/A    N/A     N/A    1.95    N/A
W O Feed                  2.50

TERMINAL
Port Colbor  N/A    N/A   2.40    N/A    N/A     N/A    2.48    N/A

PROCESSORS
Toledo FM    N/A    N/A   3.04    N/A    N/A     N/A    3.00    N/A

Toledo El. 10.04US       12.91CA       10.26US         13.19CA


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

FEED GRAINS
FOB Hm Soymeal            670.11
DDG's FOB Srn & Aylm      410.00


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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