[Farmmarketnews] Tuesday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Tue May 31 16:08:41 EDT 2022


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, May 31
(All Bases in CAD)
Exchange rate was 1.2645 down 0.0015
Chicago corn closed lower.

      JUL22   HI 7.77  1/4                    DEC22    HI 7.29  3/4
             LOW 7.47  1/4                            LOW 7.07
            CLOSE7.53  1/2  Down 23 3/4             CLOSE 7.11  1/2  Down 18 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       1.55                        9.09 357.66  1.45         8.57 337.19
CK High      1.70                        9.24 363.57  1.50         8.62 339.16
CK Avg       1.64                  -0.28 9.17 361.04  1.48 -0.32   8.59 338.31
Essex Cty    1.65                        9.19 361.60  1.45         8.57 337.19
Mdsx Low     1.60                        9.14 359.63  1.45         8.57 337.19
Mdsx High    1.65                        9.19 361.60  1.50         8.62 339.16
Mdsx Avg     1.62                  -0.30 9.15 360.29  1.48 -0.32   8.59 338.17
Hensall      1.67                        9.20 362.25  1.52         8.63 339.81
Bruce        1.65                        9.19 361.60  1.50         8.62 339.16
Putnam       1.65                        9.19 361.60  1.50         8.62 339.16
Burford      1.60                        9.14 359.63  1.45         8.57 337.19
Port Perry   1.50                        9.04 355.69  1.30         8.42 331.28
Norfolk      1.65                        9.19 361.60  1.45         8.57 337.19
Palmerston   1.49                        9.03 355.30  1.30         8.42 331.28
Varna        1.65                        9.19 361.60  1.50         8.62 339.16
Belmore      1.65                        9.19 361.60  1.50         8.62 339.16
Trenton      1.55                        9.09 357.66  1.50         8.62 339.16
Winchester   1.90                        9.44 371.44  1.80         8.92 350.97
North Gower  2.00                        9.54 375.38  1.80         8.92 350.97
Vankleek Hil 2.17                        9.71 382.07  1.56         8.68 341.52
Huron FOB    1.60  1.60  1.62  1.67      9.14 359.63  1.45         8.57 337.19
Kent FOB     1.75                        9.29 365.53  1.50         8.62 339.16
Lamb FOB     1.68                        9.22 362.78  1.57         8.69 341.91
Mdsx FOB     1.45  1.55  1.65N/A         8.99 353.72  1.50         8.62 339.16
FOB SW Que   3.40                       10.94 430.49N/A
Track        1.96                        9.50 373.80N/A
PROCESSORS
Chat-Eth    N/A  N/A   N/A   N/A                      1.81         8.93 351.36
Jhnstwn-Eth N/A  N/A   N/A   N/A                      2.31         9.43 371.05
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         9.07 356.87
Cardnl-Ing  N/A  N/A   N/A   N/A                      2.25         9.37 368.68
W O Feed     2.02                        9.55 375.97

US Rep       2.16                        9.70 381.68
Toledo El.  -0.19                        7.35 289.17 -0.32         6.80 267.66

TRANSFER
Pt. Colb    N/A                                       1.55         8.67 341.13
Prescott     2.37                        9.91 389.94  2.14         9.26 364.35


HI SD CRN                                             1.50         8.61 1/2
*Wet Bid


Exchange rate was 1.2645 down 0.0015
Chicago soybeans closed moderately lower to lower.

      JUL22   HI 17.49  1/4              NOV22     HI 15.60  1/2
             LOW 16.73  3/4                       LOW 15.06  1/2
            CLOSE16.83  1/4  Down 49            CLOSE 15.09  1/2  Down 34 1/2

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +JUL22+JUL22+SEP22
CK Low      4.40                         21.23 780.16  3.40        18.50 679.57
CK High     4.75                         21.58 793.02  3.65        18.75 688.76
CK Average  4.59                    0.11 21.42 787.04  3.49 -0.39  18.59 682.99
Essex Cty   4.60                         21.43 787.51  3.40        18.50 679.57
Mdsx Low    4.60                         21.43 787.51  3.40        18.50 679.57
Mdsx High   4.75                         21.58 793.02  3.70        18.80 690.60
Mdsx Average4.68                    0.18 21.51 790.33  3.56 -0.34  18.65 685.33
Hensall     4.68                         21.52 790.57  3.55        18.65 685.09
Bruce       4.55                         21.38 785.67  3.40        18.50 679.57
Putnam      4.55                         21.38 785.67  3.45        18.55 681.41
Burford     4.74                         21.57 792.65  3.63        18.73 688.03
Port Perry  4.59                         21.42 787.14  3.48        18.58 682.51
Norfolk     4.60                         21.43 787.51  3.45        18.55 681.41
Palmerston  4.58                         21.41 786.77  3.49        18.59 682.88
Varna       4.75                         21.58 793.02  3.60        18.70 686.92
Trenton     4.40                         21.23 780.16  3.65        18.75 688.76
Winchester  4.39                         21.22 779.79  3.64        18.74 688.39
North Gower 4.70                         21.53 791.18  3.70        18.80 690.60
Vankleek Hil4.39                         21.22 779.79  3.37        18.47 678.47
Huron FOB   4.75  4.75  4.81  4.82       21.58 793.02  3.54        18.64 684.72
Kent FOB    4.80                         21.63 794.86  3.40        18.50 679.57
Lambton FOB 4.90                         21.73 798.53  N/A
Mdsx FOB    4.84  5.03  5.10  N/A        21.67 796.33  3.84        18.94 695.74

PROCESSORS
Windsor     5.27                         22.10 812.13  3.81        18.91 694.64

TRANSFER
Hamilton    5.25                         22.08 811.39  4.05        19.15 703.46
Prescott     N/A                                       3.89        18.99 697.58
Port Colborn N/A                                       3.91        19.01 698.31

Toledo El.  0.32                         17.15 630.10 -0.44        14.65 538.38


Exchange rate was 1.2645 down 0.0015
Chicago wheat closed sharply lower to limit down.
JUL22      HI     11.57  1/4           SEP22   HI      11.65  1/4
           LOW    10.87  1/2                   LOW     10.96  1/4
           CLOSE  10.87  1/2  Down 70          CLOSE   10.97  1/2  Down 68 3/4

Minni wheat closed sharply lower.
JUL22      HI       13.10              SEP22   HI        13.10
           LOW    12.45  1/4                   LOW     12.45  1/4
           CLOSE  12.47  1/2  Down 57 1/4      CLOSE   12.47  1/2  Down 57 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    2.25    N/A
London      2.19   2.51   1.94    N/A    2.73    2.54   2.03    N/A
Hensall     2.10    N/A   2.10    N/A    3.25    N/A    2.25    N/A
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    2.35    N/A
Bruce        N/A    N/A   2.00    N/A    3.15    2.65   2.15   1.60
Essex        N/A    N/A   1.80    N/A    N/A     N/A    1.95    N/A
Norwich     2.10    N/A   2.10    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 2.10    N/A   2.10    N/A    3.25    N/A    2.25    N/A
Chatham      N/A    N/A   1.80    N/A    N/A     N/A    1.95    N/A
Brigden      N/A    N/A   1.80    N/A    N/A     N/A    1.95    N/A
Palmerston   N/A   2.11   1.67   2.54    N/A     2.62   2.11    N/A
Varna       2.25   2.75   2.00    N/A    3.05    2.50   2.15    N/A
Mitchell    2.10   2.80   2.10    N/A    3.25    2.60   2.25    N/A
Thornton    2.19   2.51   1.94   1.48    2.73    2.54   2.03    N/A
North Gower  N/A    N/A    N/A    N/A    N/A     N/A    2.25    N/A
W O Feed                  2.52

TERMINAL
Port Colbor  N/A    N/A   2.39    N/A    N/A     N/A    2.42    N/A

PROCESSORS
Toledo FM    N/A    N/A   3.00    N/A    N/A     N/A    2.90    N/A

Toledo El. 10.73US       13.56CA       10.73US         13.56CA


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

FEED GRAINS
FOB Hm Soymeal            657.87
DDG's FOB Srn & Aylm     375.00 - 380.00




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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