[Farmmarketnews] Wednesday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Wed Nov 2 15:14:13 EDT 2022


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, November 2
(All Bases in CAD)
Exchange rate was 1.3608 down 0.0012
Chicago corn closed slightly to moderately lower.

      DEC22   HI 6.97  1/4                    DEC23    HI 6.29  1/4
             LOW 6.80                                 LOW 6.20  1/4
            CLOSE6.87  1/2  Down 10 1/4             CLOSE 6.25   Down 4 1/2

            OLD CROP BASIS                          NEW CROP BASIS
Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt
ELEVATORS        +MAR23+MAR23+MAR23
CK Low       1.70                        8.58 337.58  1.05         7.30 287.39
CK High      1.80                        8.68 341.52  1.35         7.60 299.20
CK Avg       1.78                  -0.52 8.65 340.68  1.28 -0.72   7.53 296.39
Essex Cty    1.70                        8.58 337.58  1.25         7.50 295.26
Mdsx Low     1.80                        8.68 341.52  1.30         7.55 297.23
Mdsx High    1.83                        8.71 342.70  1.35         7.60 299.20
Mdsx Avg     1.81                  -0.49 8.69 341.91  1.32 -0.69   7.57 297.89
Hensall      1.82                        8.69 342.18  1.37         7.62 299.85
Bruce        1.65                        8.53 335.61  1.30         7.55 297.23
Putnam       1.83                        8.71 342.70  1.35         7.60 299.20
Burford      1.75                        8.63 339.55  1.30         7.55 297.23
Port Perry   1.40                        8.28 325.77  1.25         7.50 295.26
Norfolk      1.80                        8.68 341.52  1.30         7.55 297.23
Palmerston   1.68                        8.56 336.80N/A
Varna        1.80                        8.68 341.52  1.35         7.60 299.20
Belmore      1.65                        8.53 335.61  1.35         7.60 299.20
Trenton      1.50                        8.38 329.71  1.25         7.50 295.26
Winchester   1.80                        8.68 341.52  1.35         7.60 299.20
North Gower  1.70                        8.58 337.58  1.40         7.65 301.17
Vankleek Hil 1.67                        8.55 336.40  1.64         7.89 310.62
Huron FOB    1.80  1.80  1.90N/A         8.68 341.52N/A
Kent FOB     1.75                        8.63 339.55  1.30         7.55 297.23
Lamb FOB     1.60                        8.48 333.65N/A
Mdsx FOB     1.70  1.80  1.85  1.90      8.58 337.58N/A
FOB SW Que   1.96                        8.84 347.82N/A
Track        2.29                        9.17 360.91N/A
PROCESSORS
Chat-Eth    N/A  N/A   N/A   N/A                      1.96         8.21 323.21
Jhnstwn-Eth N/A  N/A   N/A   N/A                      2.17         8.42 331.48
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         8.20 322.82
Cardnl-Ing  N/A  N/A   N/A   N/A                      2.15         8.40 330.69
W O Feed     2.29                        9.17 360.91

US Rep       2.78                        9.66 380.10
Toledo El.  -0.54                        6.33 249.23 -0.41         5.84 229.98

TRANSFER
Pt. Colb     2.05                        8.93 351.36  2.05         8.30 326.76
Prescott     2.36                        9.24 363.57  1.92         8.17 321.64


HI SD CRN    1.80                        8.67 1/2
*Wet Bid


Exchange rate was 1.3608 down 0.0012
Chicago soybeans closed slightly higher.

      JAN23   HI 14.57  3/4              NOV23     HI 14.01  3/4
             LOW 14.31                            LOW 13.81
            CLOSE14.54   Up 6 1/4               CLOSE 14.00  1/4  Up 8 1/4

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +JAN23+JAN23+MAR23
CK Low      4.80                         19.34 710.62  4.20        18.20 668.83
CK High     5.05                         19.59 719.81  4.30        18.30 672.50
CK Average  4.84                   -0.30 19.38 712.04  4.25 -0.59  18.25 670.56
Essex Cty   4.80                         19.34 710.62  4.20        18.20 668.83
Mdsx Low    4.75                         19.29 708.79  4.25        18.25 670.66
Mdsx High   4.86                         19.40 712.83  4.32        18.32 673.24
Mdsx Average4.80                   -0.33 19.34 710.72  4.28 -0.57  18.28 671.77
Hensall     4.80                         19.34 710.62  4.32        18.32 673.11
Bruce       4.70                         19.24 706.95  4.30        18.30 672.50
Putnam      4.80                         19.34 710.62  4.25        18.25 670.66
Burford     4.93                         19.47 715.40  4.39        18.39 675.81
Port Perry  4.77                         19.31 709.52  4.23        18.23 669.93
Norfolk     4.80                         19.34 710.62  4.25        18.25 670.66
Palmerston  4.81                         19.35 710.99  N/A
Varna       4.80                         19.34 710.62  4.35        18.35 674.34
Trenton     4.80                         19.34 710.62  4.25        18.25 670.66
Winchester  4.65                         19.19 705.11  4.15        18.15 666.99
North Gower 4.45                         18.99 697.76  4.05        18.05 663.32
Vankleek Hil4.45                         18.99 697.76  4.43        18.43 677.28
Huron FOB   4.85  4.89  4.89  N/A        19.39 712.46  N/A
Kent FOB    5.00                         19.54 717.97  4.25        18.25 670.66
Lambton FOB 4.83                         19.37 711.73  N/A
Mdsx FOB    5.08  N/A   N/A   N/A        19.62 720.91  N/A

PROCESSORS
Windsor     5.33                         19.87 730.10  4.70        18.70 687.20

TRANSFER
Hamilton    5.55                         20.09 738.18  4.70        18.70 687.20
Prescott    5.00                         19.54 717.97  4.51        18.51 680.22
Port Colborn5.52                         20.06 737.08  4.73        18.73 688.30

Toledo El.  -0.37                        14.17 520.75 -0.61        13.39 492.00


Exchange rate was 1.3608 down 0.0012
Chicago wheat closed lower to sharply lower.
DEC22      HI     9.02                 JUL23   HI         9.21
           LOW    8.37  3/4                    LOW     8.66  1/2
           CLOSE  8.46   Down 56 1/2           CLOSE   8.74   Down 45 1/2

Minni wheat closed lower.
DEC22      HI     9.93  1/4            SEP23   HI         9.67
           LOW       9.45                      LOW     9.31  1/4
           CLOSE  9.49  1/4  Down 40 1/2       CLOSE   9.37  1/4  Down 30



Direct MarkHarvest 2022                Harvest 2023
           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   1.65    N/A    N/A     N/A    1.75    N/A
London      3.53   2.30   1.65    N/A    3.22    2.13   1.58    N/A
Hensall     4.50    N/A   1.65    N/A    3.10    N/A    1.70    N/A
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.75    N/A
Bruce       2.65   2.15   1.70   1.15    2.70    2.20   1.70   1.15
Essex        N/A    N/A   1.65    N/A    N/A     N/A    1.70    N/A
Norwich     4.50    N/A   1.65    N/A    3.10    N/A    1.70    N/A
Port Hope    N/A    N/A   1.45    N/A    N/A     N/A    1.70    N/A
Kent Bridge 4.50    N/A   1.65    N/A    3.10    N/A    1.70    N/A
Chatham      N/A    N/A   1.65    N/A    N/A     N/A    1.70    N/A
Brigden      N/A    N/A   1.65    N/A    N/A     N/A    1.70    N/A
Palmerston   N/A   2.53   1.70   2.30    N/A     N/A     N/A    N/A
Varna       4.15   2.50   1.65    N/A    2.90    2.25   1.70    N/A
Mitchell    4.50    N/A   1.65    N/A    3.10    2.30   1.70    N/A
Thornton    3.53   2.30   1.65   2.29    3.22    2.13   1.58    N/A
North Gower  N/A   1.05   1.45   1.32    N/A     1.20   1.60   1.27
W O Feed                  2.33

TERMINAL
Port Colbor  N/A    N/A   1.82    N/A    N/A     N/A    1.99    N/A

PROCESSORS
Toledo FM    N/A    N/A   2.98    N/A    N/A     N/A    3.02    N/A

Toledo El.   N/A                        8.64US         11.76CA


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

FEED GRAINS
FOB Hm Soymeal            721.47
DDG's FOB Aylm            370.00


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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