[Farmmarketnews] Thursday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Thu May 12 15:45:00 EDT 2022


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, May 12
(All Bases in CAD)
Exchange rate was 1.3076 up 0.0102
Chicago corn closed slightly higher to higher.

      JUL22   HI 8.00  3/4                    DEC22    HI 7.55  1/2
             LOW 7.82  3/4                            LOW 7.34  1/2
            CLOSE7.91  1/2  Up 3                    CLOSE 7.53   Up 17 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       1.55                        9.47 372.62  1.45         8.98 353.53
CK High      1.70                        9.62 378.53  1.50         9.03 355.50
CK Avg       1.66                  -0.59 9.58 377.12  1.48 -0.64   9.01 354.65
Essex Cty    1.70                        9.62 378.53  1.50         9.03 355.50
Mdsx Low     1.65                        9.57 376.56  1.45         8.98 353.53
Mdsx High    1.70                        9.62 378.53  1.50         9.03 355.50
Mdsx Avg     1.67                  -0.59 9.58 377.21  1.48 -0.64   9.01 354.51
Hensall      1.72                        9.63 379.18  1.52         9.05 356.15
Bruce        1.70                        9.62 378.53  1.50         9.03 355.50
Putnam       1.70                        9.62 378.53  1.50         9.03 355.50
Burford      1.65                        9.57 376.56  1.45         8.98 353.53
Port Perry   1.45                        9.37 368.68  1.30         8.83 347.62
Norfolk      1.70                        9.62 378.53  1.50         9.03 355.50
Palmerston   1.64                        9.56 376.16  1.59         9.12 359.04
Varna        1.70                        9.62 378.53  1.50         9.03 355.50
Belmore      1.70                        9.62 378.53  1.50         9.03 355.50
Trenton      1.55                        9.47 372.62  1.45         8.98 353.53
Winchester   1.80                        9.72 382.46  1.80         9.33 367.31
North Gower  1.75                        9.67 380.49  1.70         9.23 363.37
Vankleek Hil 2.16                       10.08 396.64  1.77         9.30 366.12
Huron FOB    1.70  1.75  1.90  1.95      9.62 378.53  1.50         9.03 355.50
Kent FOB     1.75                        9.67 380.49  1.60         9.13 359.43
Lamb FOB     2.02                        9.94 391.12  1.73         9.26 364.55
Mdsx FOB     1.75  1.80  1.90N/A         9.67 380.49  1.60         9.13 359.43
FOB SW Que   3.01                       10.93 430.10N/A
Track        2.42                       10.33 406.67N/A
PROCESSORS
Chat-Eth    N/A  N/A   N/A   N/A                      1.99         9.52 374.79
Jhnstwn-Eth N/A  N/A   N/A   N/A                      2.37         9.90 389.75
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                      2.00         9.53 375.18
Cardnl-Ing  N/A  N/A   N/A   N/A                      2.30         9.83 386.99
W O Feed     2.44                       10.35 407.46

US Rep       2.62                       10.54 414.74
Toledo El.  -0.33                        7.59 298.73 -0.33         7.20 283.57

TRANSFER
Pt. Colb    N/A                                       1.55         9.08 357.46
Prescott     2.62                       10.54 414.74  2.35         9.88 388.96


HI SD CRN                                             1.50         9.03
*Wet Bid


Exchange rate was 1.3076 up 0.0102
Chicago soybeans closed slightly higher.

      JUL22   HI 16.27  1/4              NOV22     HI 14.89
             LOW 15.90  1/4                       LOW 14.57  3/4
            CLOSE16.13  3/4  Up 7               CLOSE 14.80  1/2  Up 8 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      4.75                         20.89 767.48  3.75        18.56 681.78
CK High     4.85                         20.99 771.16  3.85        18.66 685.45
CK Average  4.82                   -0.11 20.96 770.11  3.81 -0.57  18.61 683.93
Essex Cty   4.85                         20.99 771.16  3.85        18.66 685.45
Mdsx Low    4.60                         20.74 761.97  3.60        18.41 676.27
Mdsx High   4.85                         20.99 771.16  3.85        18.66 685.45
Mdsx Average4.73                   -0.18 20.87 766.87  3.74 -0.63  18.54 681.29
Hensall     4.78                         20.92 768.71  3.78        18.59 683.00
Bruce       4.75                         20.89 767.48  3.75        18.56 681.78
Putnam      4.85                         20.99 771.16  3.85        18.66 685.45
Burford     4.83                         20.97 770.42  3.84        18.65 685.09
Port Perry  4.68                         20.82 764.91  3.69        18.50 679.57
Norfolk     4.85                         20.99 771.16  3.90        18.71 687.29
Palmerston  4.80                         20.94 769.32  3.88        18.69 686.56
Varna       4.75                         20.89 767.48  3.75        18.56 681.78
Trenton     4.70                         20.84 765.65  3.75        18.56 681.78
Winchester  4.64                         20.78 763.44  3.66        18.47 678.47
North Gower 4.40                         20.54 754.62  3.65        18.46 678.11
Vankleek Hil4.53                         20.67 759.40  3.72        18.53 680.68
Huron FOB   4.68  4.84  4.97  5.18       20.82 764.91  3.88        18.69 686.56
Kent FOB    5.05                         21.19 778.51  3.85        18.66 685.45
Lambton FOB 4.90                         21.04 773.00  N/A
Mdsx FOB    5.06  5.13  5.13  N/A        21.20 778.87  4.01        18.82 691.33

PROCESSORS
Windsor     5.76                         21.90 804.60  N/A

TRANSFER
Hamilton    5.50                         21.64 795.04  4.50        19.31 709.34
Prescott     N/A                                       4.24        19.05 699.78
Port Colborn N/A                                       4.13        18.94 695.74

Toledo El.  0.07                         16.20 595.35 -0.46        14.35 527.17


Exchange rate was 1.3076 up 0.0102
Chicago wheat closed sharply higher.
JUL22      HI     11.83                SEP22   HI      11.87  1/4
           LOW    11.02  3/4                   LOW     11.07  1/2
           CLOSE  11.78  3/4  Up 65 3/4        CLOSE   11.81  3/4  Up 64 1/2

Minni wheat closed sharply higher to limit up.
JUL22      HI       13.16              SEP22   HI      13.11  3/4
           LOW      12.49                      LOW       12.45
           CLOSE  13.16   Up 60                CLOSE   13.11  3/4  Up 60



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      2.48   2.81   2.22    N/A    3.23    2.78   2.39    N/A
Hensall     2.00    N/A   2.00    N/A    3.25    N/A    2.25    N/A
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    2.10    N/A
Bruce        N/A    N/A   2.00    N/A    3.15    2.55   2.25   1.40
Essex        N/A    N/A   2.10    N/A    N/A     N/A    2.30    N/A
Norwich     2.00    N/A   2.00    N/A    3.25    N/A    2.25    N/A
Port Hope    N/A    N/A    N/A    N/A    N/A     N/A    2.25    N/A
Kent Bridge 2.00    N/A   2.00    N/A    3.25    N/A    2.25    N/A
Chatham      N/A    N/A   2.10    N/A    N/A     N/A    2.30    N/A
Brigden      N/A    N/A   2.10    N/A    N/A     N/A    2.30    N/A
Palmerston   N/A   2.80   2.33   3.22    N/A     3.20   2.67    N/A
Varna       2.35   2.85   2.10    N/A    3.20    2.65   2.30    N/A
Mitchell    2.00   2.65   2.00    N/A    3.25    2.55   2.25    N/A
Thornton    2.48   2.81   2.22   1.50    3.23    2.78   2.39    N/A
North Gower  N/A    N/A    N/A    N/A    N/A     N/A    2.05    N/A
W O Feed                  2.96

TERMINAL
Port Colbor  N/A    N/A   2.68    N/A    N/A     N/A    2.78    N/A

PROCESSORS
Toledo FM    N/A    N/A   3.67    N/A    N/A     N/A    3.64    N/A

Toledo El. 11.45US       14.97CA       11.59US         15.15CA


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

FEED GRAINS
FOB Hm Soymeal            634.94
DDG's FOB Srn & Aylm     410.00 - 415.00



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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