[Farmmarketnews] Tuesday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Tue May 24 15:35:17 EDT 2022


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 24
(All Bases in CAD)
Exchange rate was 1.2826 up 0.0046
Chicago corn closed moderately lower.

      JUL22   HI 7.87                         DEC22    HI 7.37  3/4
             LOW 7.62                                 LOW 7.14  1/4
            CLOSE7.71  3/4  Down 14 1/2             CLOSE 7.25  1/4  Down 13 3/4

            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       1.60                        9.32 366.81  1.50         8.75 344.57
CK High      1.70                        9.42 370.75  1.50         8.75 344.57
CK Avg       1.69                  -0.39 9.40 370.19  1.50 -0.43   8.75 344.57
Essex Cty    1.70                        9.42 370.75  1.50         8.75 344.57
Mdsx Low     1.60                        9.32 366.81  1.50         8.75 344.57
Mdsx High    1.70                        9.42 370.75  1.50         8.75 344.57
Mdsx Avg     1.63                  -0.43 9.35 368.13  1.50 -0.43   8.75 344.57
Hensall      1.67                        9.38 369.44  1.50         8.75 344.57
Bruce        1.70                        9.42 370.75  1.50         8.75 344.57
Putnam       1.70                        9.42 370.75  1.50         8.75 344.57
Burford      1.60                        9.32 366.81  1.50         8.75 344.57
Port Perry   1.40                        9.12 358.94  1.30         8.55 336.70
Norfolk      1.70                        9.42 370.75  1.50         8.75 344.57
Palmerston   1.67                        9.39 369.57  1.47         8.72 343.39
Varna        1.65                        9.37 368.78  1.50         8.75 344.57
Belmore      1.65                        9.37 368.78  1.50         8.75 344.57
Trenton      1.55                        9.27 364.85  1.45         8.70 342.60
Winchester   2.00                        9.72 382.56  1.80         9.05 356.38
North Gower  1.90                        9.62 378.62  1.85         9.10 358.35
Vankleek Hil 2.16                        9.88 388.86  1.54         8.79 346.15
Huron FOB    1.65  1.70  1.70  1.75      9.37 368.78  1.50         8.75 344.57
Kent FOB     1.80                        9.52 374.69  1.55         8.80 346.54
Lamb FOB     1.80                        9.52 374.69  1.63         8.88 349.69
Mdsx FOB     1.45  1.50  1.60N/A         9.17 360.91  1.55         8.80 346.54
FOB SW Que   2.87                       10.59 416.81N/A
Track        2.11                        9.82 386.69N/A
PROCESSORS
Chat-Eth    N/A  N/A   N/A   N/A                      1.86         9.11 358.74
Jhnstwn-Eth N/A  N/A   N/A   N/A                      2.23         9.48 373.31
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         9.25 364.25
Cardnl-Ing  N/A  N/A   N/A   N/A                      2.30         9.55 376.07
W O Feed     2.19                        9.91 390.04

US Rep       2.36                       10.08 396.73
Toledo El.  -0.32                        7.40 291.20 -0.32         6.93 272.89

TRANSFER
Pt. Colb    N/A                                       1.55         8.80 346.54
Prescott     2.57                       10.29 405.00  2.17         9.42 370.95


HI SD CRN                                             1.50         8.75 1/4
*Wet Bid


Exchange rate was 1.2826 up 0.0046
Chicago soybeans closed mixed.

      JUL22   HI 16.96  3/4              NOV22     HI 15.22  1/2
             LOW 16.73  1/2                       LOW 15.07  1/2
            CLOSE16.93   Up 6                   CLOSE 15.17  1/2  Down 1 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      4.70                         21.63 794.77  3.63        18.81 690.97
CK High     4.75                         21.68 796.60  3.75        18.93 695.37
CK Average  4.73                   -0.04 21.66 795.82  3.68 -0.47  18.86 692.91
Essex Cty   4.70                         21.63 794.77  3.65        18.83 691.70
Mdsx Low    4.70                         21.63 794.77  3.65        18.83 691.70
Mdsx High   4.77                         21.70 797.34  3.70        18.88 693.54
Mdsx Average4.74                   -0.03 21.67 796.24  3.67 -0.49  18.84 692.31
Hensall     4.75                         21.68 796.60  3.72        18.89 694.15
Bruce       4.70                         21.63 794.77  3.70        18.88 693.54
Putnam      4.75                         21.68 796.60  3.75        18.93 695.37
Burford     4.83                         21.76 799.54  3.71        18.89 693.90
Port Perry  4.68                         21.61 794.03  3.56        18.74 688.39
Norfolk     4.70                         21.63 794.77  3.70        18.88 693.54
Palmerston  4.79                         21.72 798.07  3.78        18.96 696.48
Varna       4.75                         21.68 796.60  3.70        18.88 693.54
Trenton     4.50                         21.43 787.42  3.75        18.93 695.37
Winchester  4.48                         21.41 786.68  3.76        18.94 695.74
North Gower 4.80                         21.73 798.44  3.75        18.93 695.37
Vankleek Hil4.64                         21.57 792.56  3.47        18.65 685.09
Huron FOB   4.73  4.85  4.91  5.00       21.66 795.87  3.69        18.87 693.17
Kent FOB    4.90                         21.83 802.12  3.65        18.83 691.70
Lambton FOB 4.95                         21.88 803.95  N/A
Mdsx FOB    4.94  5.00  5.06  N/A        21.87 803.58  3.88        19.06 700.15

PROCESSORS
Windsor     5.63                         22.56 828.94  4.10        19.28 708.24

TRANSFER
Hamilton    5.35                         22.28 818.65  4.30        19.48 715.58
Prescott     N/A                                       4.45        19.63 721.10
Port Colborn N/A                                       4.02        19.20 705.30

Toledo El.  0.19                         17.12 629.14 -0.45        14.73 541.09


Exchange rate was 1.2826 up 0.0046
Chicago wheat closed moderately lower to lower.
JUL22      HI     12.08  3/4           SEP22   HI        12.16
           LOW    11.38                        LOW     11.46  3/4
           CLOSE  11.54  3/4  Down 35 1/4      CLOSE   11.63  1/4  Down 34 1/4

Minni wheat closed moderately lower.
JUL22      HI     13.21  3/4           SEP22   HI      13.19  3/4
           LOW      12.53                      LOW       12.53
           CLOSE  12.77  1/4  Down 21 1/4      CLOSE   12.77   Down 20 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    2.35    N/A
London      2.53   2.59   2.15    N/A    3.09    2.64   2.26    N/A
Hensall     2.35    N/A   2.25    N/A    3.35    N/A    2.35    N/A
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    2.35    N/A
Bruce        N/A    N/A   2.20    N/A    3.25    2.65   2.35   1.60
Essex        N/A    N/A   2.20    N/A    N/A     N/A    2.35    N/A
Norwich     2.35    N/A   2.25    N/A    3.35    N/A    2.35    N/A
Port Hope    N/A    N/A    N/A    N/A    N/A     N/A    2.45    N/A
Kent Bridge 2.35    N/A   2.25    N/A    3.35    N/A    2.35    N/A
Chatham      N/A    N/A   2.20    N/A    N/A     N/A    2.35    N/A
Brigden      N/A    N/A   2.20    N/A    N/A     N/A    2.35    N/A
Palmerston   N/A   2.51   2.06   2.84    N/A     2.92   2.21    N/A
Varna       2.45   2.95   2.20    N/A    3.25    2.70   2.35    N/A
Mitchell    2.35   2.80   2.25    N/A    3.35    2.65   2.35    N/A
Thornton    2.53   2.59   2.15   2.21    3.09    2.64   2.26    N/A
North Gower  N/A    N/A    N/A    N/A    N/A     N/A    2.25    N/A
W O Feed                  2.84

TERMINAL
Port Colbor  N/A    N/A   2.60    N/A    N/A     N/A    2.65    N/A

PROCESSORS
Toledo FM    N/A    N/A   3.38    N/A    N/A     N/A    3.29    N/A

Toledo El. 11.40US       14.62CA       11.39US         14.61CA


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

FEED GRAINS
FOB Hm Soymeal            669.22
DDG's FOB Srn & Aylm     375.00 - 385.00




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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