[Farmmarketnews] Wednesday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Wed May 18 15:37:54 EDT 2022


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 18
(All Bases in CAD)
Exchange rate was 1.2864 up 0.0014
Chicago corn closed lower.

      JUL22   HI 8.02  1/4                    DEC22    HI 7.60  1/2
             LOW 7.78                                 LOW 7.36  1/4
            CLOSE7.81  1/2  Down 19 1/4             CLOSE 7.40  1/4  Down 20 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       1.65                        9.47 372.62  1.50         8.90 350.48
CK High      1.70                        9.52 374.59  1.50         8.90 350.48
CK Avg       1.69                  -0.42 9.51 374.31  1.50 -0.48   8.90 350.48
Essex Cty    1.70                        9.52 374.59  1.50         8.90 350.48
Mdsx Low     1.65                        9.47 372.62  1.50         8.90 350.48
Mdsx High    1.70                        9.52 374.59  1.50         8.90 350.48
Mdsx Avg     1.68                  -0.43 9.50 373.93  1.50 -0.48   8.90 350.48
Hensall      1.72                        9.53 375.25  1.52         8.92 351.13
Bruce        1.70                        9.52 374.59  1.50         8.90 350.48
Putnam       1.70                        9.52 374.59  1.50         8.90 350.48
Burford      1.65                        9.47 372.62  1.50         8.90 350.48
Port Perry   1.45                        9.27 364.75  1.30         8.70 342.60
Norfolk      1.70                        9.52 374.59  1.50         8.90 350.48
Palmerston   1.58                        9.40 369.86  1.40         8.80 346.54
Varna        1.70                        9.52 374.59  1.50         8.90 350.48
Belmore      1.70                        9.52 374.59  1.50         8.90 350.48
Trenton      1.60                        9.42 370.65  1.45         8.85 348.51
Winchester   2.00                        9.82 386.40  1.80         9.20 362.29
North Gower  1.85                        9.67 380.49  1.90         9.30 366.22
Vankleek Hil 2.22                       10.04 395.06  1.66         9.06 356.77
Huron FOB    1.70  1.70  1.74  1.79      9.52 374.59  1.50         8.90 350.48
Kent FOB     1.80                        9.62 378.53  1.65         9.05 356.38
Lamb FOB     1.88                        9.70 381.68  1.70         9.10 358.35
Mdsx FOB     1.65  1.70  1.77N/A         9.47 372.62  1.60         9.00 354.41
FOB SW Que   2.88                       10.70 421.04N/A
Track        2.19                       10.01 393.88N/A
PROCESSORS
Chat-Eth    N/A  N/A   N/A   N/A                      1.93         9.33 367.40
Jhnstwn-Eth N/A  N/A   N/A   N/A                      2.31         9.71 382.36
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                      2.05         9.45 372.13
Cardnl-Ing  N/A  N/A   N/A   N/A                      2.30         9.70 381.97
W O Feed     2.26                       10.07 396.54

US Rep       2.41                       10.23 402.54
Toledo El.  -0.32                        7.49 295.00 -0.32         7.08 278.76

TRANSFER
Pt. Colb    N/A                                       1.55         8.95 352.44
Prescott     2.50                       10.32 406.08  2.24         9.64 379.61


HI SD CRN                                             1.50         8.90 1/4
*Wet Bid


Exchange rate was 1.2864 up 0.0014
Chicago soybeans closed slightly to moderately lower.

      JUL22   HI 16.86  3/4              NOV22     HI 15.28
             LOW 16.57                            LOW 14.96  3/4
            CLOSE16.62  3/4  Down 15 1/4        CLOSE 14.99  1/2  Down 26

            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                         21.38 785.49  3.68        18.68 686.19
CK High     4.76                         21.39 785.86  3.75        18.75 688.76
CK Average  4.75                   -0.01 21.38 785.54  3.70 -0.46  18.70 687.08
Essex Cty   4.75                         21.38 785.49  3.70        18.70 686.92
Mdsx Low    4.70                         21.33 783.65  3.65        18.65 685.09
Mdsx High   4.78                         21.41 786.59  3.70        18.70 686.92
Mdsx Average4.74                   -0.01 21.37 785.24  3.68 -0.48  18.68 686.31
Hensall     4.75                         21.38 785.49  3.72        18.71 687.54
Bruce       4.70                         21.33 783.65  3.65        18.65 685.09
Putnam      4.75                         21.38 785.49  3.75        18.75 688.76
Burford     4.84                         21.47 788.80  3.76        18.76 689.13
Port Perry  4.69                         21.32 783.28  3.61        18.61 683.62
Norfolk     4.75                         21.38 785.49  3.75        18.75 688.76
Palmerston  4.73                         21.36 784.75  3.75        18.75 688.76
Varna       4.75                         21.38 785.49  3.70        18.70 686.92
Trenton     4.50                         21.13 776.30  3.75        18.75 688.76
Winchester  4.43                         21.06 773.73  3.77        18.77 689.50
North Gower 4.70                         21.33 783.65  3.80        18.80 690.60
Vankleek Hil5.01                         21.64 795.04  3.65        18.65 685.09
Huron FOB   4.78  4.89  4.96  5.06       21.41 786.59  3.75        18.75 688.76
Kent FOB    4.95                         21.58 792.84  3.70        18.70 686.92
Lambton FOB 4.90                         21.53 791.00  N/A
Mdsx FOB    4.94  5.01  5.07  N/A        21.57 792.47  3.93        18.93 695.37

PROCESSORS
Windsor     5.54                         22.17 814.52  4.05        19.05 699.78

TRANSFER
Hamilton    5.40                         22.03 809.37  4.35        19.35 710.81
Prescott     N/A                                       4.14        19.14 703.09
Port Colborn N/A                                       4.05        19.05 699.78

Toledo El.  0.06                         16.69 613.32 -0.45        14.54 534.43


Exchange rate was 1.2864 up 0.0014
Chicago wheat closed moderately to sharply lower.
JUL22      HI     12.80                SEP22   HI      12.80  1/2
           LOW    12.11  1/2                   LOW     12.14  1/2
           CLOSE  12.30  3/4  Down 46 3/4      CLOSE   12.33   Down 45 3/4

Minni wheat closed lower.
JUL22      HI     13.94  3/4           SEP22   HI        13.91
           LOW    13.34  1/4                   LOW     13.31  3/4
           CLOSE  13.52  3/4  Down 40 3/4      CLOSE   13.51  1/4  Down 38 1/4



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    2.45    N/A
London      2.69   2.75   2.17    N/A    3.31    2.60   2.22    N/A
Hensall     2.45    N/A   2.35    N/A    3.45    N/A    2.45    N/A
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    2.25    N/A
Bruce        N/A    N/A   2.10    N/A    3.25    2.55   2.30   1.40
Essex        N/A    N/A   2.25    N/A    N/A     N/A    2.40    N/A
Norwich     2.45    N/A   2.35    N/A    3.45    N/A    2.45    N/A
Port Hope    N/A    N/A    N/A    N/A    N/A     N/A    2.45    N/A
Kent Bridge 2.45    N/A   2.35    N/A    3.45    N/A    2.45    N/A
Chatham      N/A    N/A   2.25    N/A    N/A     N/A    2.40    N/A
Brigden      N/A    N/A   2.25    N/A    N/A     N/A    2.40    N/A
Palmerston   N/A   2.72   2.27   3.07    N/A     3.11   2.41    N/A
Varna       2.55   3.05   2.30    N/A    3.35    2.80   2.45    N/A
Mitchell    2.45   2.90   2.35    N/A    3.45    2.75   2.45    N/A
Thornton    2.69   2.75   2.17   2.11    3.31    2.60   2.22    N/A
North Gower  N/A    N/A    N/A    N/A    N/A     N/A    2.25    N/A
W O Feed                  3.06

TERMINAL
Port Colbor  N/A    N/A   2.63    N/A    N/A     N/A    2.61    N/A

PROCESSORS
Toledo FM    N/A    N/A   3.55    N/A    N/A     N/A    3.53    N/A

Toledo El. 12.16US       15.64CA       12.16US         15.64CA


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

FEED GRAINS
FOB Hm Soymeal            649.27
DDG's FOB Srn & Aylm     405.00 - 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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Grain Farmers of Ontario

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