[Farmmarketnews] Tuesday Ontario Commodity Report
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Tue Jul 4 15:23:49 EDT 2023
Please note for the soybean report: Most elevators are now using the November future for the old crop prices.
As a result, there is a wide variation in the basis values, and significant differences from the values shown on the July 3 report for old crop soybeans.
If you have any questions, please do not reply to this email. Send to fmnc at uoguelph.ca
Thank you.
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, July 4
(All Bases in CAD)
Exchange rate was 1.3186 down 0.0031
Markets in the U.S. were closed for the July 4 holiday
Chicago corn closed slightly lower on July 3.
SEP23 HI 4.99 DEC23 HI 5.05
LOW 4.83 1/4 LOW 4.88 3/4
CLOSE4.88 Down 1/2 CLOSE 4.93 1/2 Down 1 1/4
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +SEP23+DEC23+DEC23
CK Low 1.30 6.18 243.30 0.95 5.89 231.68
CK High 1.40 6.28 247.23 1.15 6.09 239.56
CK Avg 1.39 -0.13 6.27 246.67 1.10 -0.36 6.04 237.59
Essex Cty 1.40 6.28 247.23 1.10 6.04 237.59
Mdsx Low 1.40 6.28 247.23 1.10 6.04 237.59
Mdsx High 1.40 6.28 247.23 1.15 6.09 239.56
Mdsx Avg 1.40 -0.12 6.28 247.23 1.12 -0.35 6.05 238.24
Hensall 1.42 6.30 247.89 1.17 6.10 240.21
Bruce 1.35 6.23 245.26 1.10 6.04 237.59
Putnam 1.40 6.28 247.23 1.15 6.09 239.56
Guelph 1.35 6.23 245.26 1.10 6.04 237.59
Burford 1.35 6.23 245.26 1.10 6.04 237.59
Port Perry 0.95 5.83 229.52 0.90 5.84 229.71
Norfolk 1.40 6.28 247.23 1.10 6.04 237.59
Palmerston 1.35 6.23 245.26 1.15 6.09 239.56
Varna 1.40 6.28 247.23 1.15 6.09 239.56
Belmore 1.35 6.23 245.26 1.15 6.09 239.56
Trenton 0.95 5.83 229.52 0.95 5.89 231.68
Winchester N/A 1.15 6.09 239.56
North Gower 1.00 5.88 231.49 0.95 5.89 231.68
Vankleek Hil 0.67 5.55 218.49 0.69 5.63 221.45
Huron FOB N/A 1.35 1.35N/A 1.15 6.09 239.56
Kent FOB 1.55 6.43 253.14 1.10 6.04 237.59
Lamb FOB 1.30 6.18 243.30N/A
Mdsx FOB 1.40N/A N/A N/A 6.28 247.23 1.15 6.09 239.56
FOB SW Que 1.90 6.78 266.92N/A
Track 1.87 6.75 265.74N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A N/A
Jhnstwn-Eth N/A N/A N/A N/A N/A
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 2.10 1.75 6.69 263.18
Cardnl-Ing N/A N/A N/A N/A N/A
W O Feed 1.87 6.75 265.74
US Rep 2.68 7.56 297.62
Toledo El. 0.53 5.41 212.88 -0.40 4.54 178.71
TRANSFER
Pt. Colb N/A 1.55 6.49 255.30
Prescott N/A 1.25 6.19 243.49
HI SD CRN 1.15 6.08 1/2
*Wet Bid
Exchange rate was 1.3186 down 0.0031
Chicago soybeans closed slightly to moderately higher.
NOV23 HI 13.91 3/4 NOV23 HI 13.91 3/4
LOW 13.43 1/4 LOW 13.43 1/4
CLOSE13.53 3/4 Up 10 1/2 CLOSE 13.53 3/4 Up 10 1/2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +NOV23+NOV23+NOV23
CK Low 5.30 18.84 692.16 2.80 16.34 600.30
CK High 5.78 19.32 709.80 3.26 16.80 617.20
CK Average 5.47 0.88 19.01 698.41 3.10 -0.92 16.64 611.38
Essex Cty 5.30 18.84 692.16 3.25 16.79 616.84
Mdsx Low 5.30 18.84 692.16 3.15 16.69 613.16
Mdsx High 5.76 19.30 709.06 3.25 16.79 616.84
Mdsx Average5.51 0.91 19.05 699.97 3.21 -0.84 16.75 615.37
Hensall 5.51 19.05 699.88 3.23 16.77 616.22
Bruce 5.30 18.84 692.16 3.20 16.74 615.00
Putnam 5.35 18.89 694.00 3.20 16.74 615.00
Guelph 5.58 19.12 702.45 3.13 16.67 612.43
Burford 5.86 19.40 712.74 3.34 16.88 620.14
Port Perry 5.70 19.24 706.86 3.18 16.72 614.26
Norfolk 5.30 18.84 692.16 3.20 16.74 615.00
Palmerston 5.69 19.23 706.49 2.85 16.39 602.14
Varna 5.69 19.23 706.49 2.95 16.49 605.81
Trenton 5.35 18.89 694.00 2.85 16.39 602.14
Winchester N/A 2.85 16.39 602.14
North Gower 5.54 19.08 700.98 2.90 16.44 603.97
Vankleek Hil5.23 18.77 689.59 3.30 16.84 618.67
Huron FOB 5.65 5.78 3.25 3.25 19.19 705.02 3.25 16.79 616.84
Kent FOB 5.40 18.94 695.83 3.15 16.69 613.16
Lambton FOB 5.78 19.32 709.80 N/A
Mdsx FOB 6.05 N/A N/A N/A 19.59 719.72 3.44 16.98 623.82
PROCESSORS
Windsor 6.04 19.58 719.35 3.73 17.27 634.47
TRANSFER
Hamilton 5.75 19.29 708.69 3.75 17.29 635.21
Prescott N/A 3.63 17.17 630.80
Port Colborn N/A 3.95 17.49 642.56
Toledo El. 1.77 15.30 562.34 -0.59 12.94 475.62
Exchange rate was 1.3186 down 0.0031
Chicago wheat closed slightly lower.
SEP23 HI 6.55 3/4 JUL24 HI 7.04
LOW 6.38 LOW 6.87 1/2
CLOSE 6.41 3/4 Down 9 1/4 CLOSE 6.91 Down 6 3/4
Minni wheat closed slightly lower.
SEP23 HI 8.35 SEP24 HI 7.76
LOW 8.07 1/4 LOW 7.76
CLOSE 8.09 1/4 Down 7 3/4 CLOSE 7.76 Down 2
Direct MarkHarvest 2023 Harvest 2024
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 0.80 N/A N/A N/A 1.00 N/A
London 2.23 1.37 0.71 N/A 2.51 1.26 0.86 N/A
Hensall 2.50 1.55 0.80 1.40 1.90 1.45 0.95 N/A
Trenton N/A N/A 0.85 N/A N/A N/A N/A N/A
Bruce 1.80 1.30 0.80 1.15 1.53 1.25 0.95 N/A
Essex N/A N/A 0.65 N/A N/A N/A 0.80 N/A
Norwich 2.50 N/A 0.80 N/A 1.95 N/A 0.95 N/A
Belmore 1.80 1.25 0.80 1.15 1.90 1.30 0.95 N/A
Kent Bridge 2.50 N/A 0.80 N/A 1.95 N/A 0.95 N/A
Chatham N/A N/A 0.65 N/A N/A N/A 0.80 N/A
Brigden N/A N/A 0.65 N/A N/A N/A 0.80 N/A
Palmerston 1.80 1.25 0.80 1.15 1.90 1.30 0.95 N/A
Varna 2.50 1.55 0.80 N/A 1.90 1.45 0.95 N/A
Mitchell 2.50 1.55 0.80 N/A 1.95 1.45 0.95 N/A
Thornton 2.23 1.37 0.71 1.28 2.25 1.26 0.86 N/A
North Gower N/A 0.90 1.10 1.12 N/A 0.68 0.88 0.87
W O Feed 1.94
TERMINAL
Port Colbor N/A N/A 1.37 N/A N/A N/A 1.10 N/A
PROCESSORS
Toledo FM N/A N/A 1.71 N/A N/A N/A N/A N/A
Toledo El. 6.09US 8.03CA 6.67US 8.79CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 645.52
DDG's FOB Aylm 300.00
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
Click on this link: farmmarketnews-unsubscribe at list.gfo.ca to unsubscribe from this report.
This Farm Market News product is sponsored by:
Grain Farmers of Ontario
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