[Farmmarketnews] Friday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Fri Jul 21 15:20:37 EDT 2023


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, July 21
(All Bases in CAD)
Exchange rate was 1.3183 up 0.0039
Chicago corn closed moderately lower.

      SEP23   HI 5.38  3/4                    DEC23    HI 5.46  1/4
             LOW 5.22  1/2                            LOW 5.31  1/4
            CLOSE5.27   Down 10 1/4                 CLOSE 5.36  1/4  Down 10

            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                        6.57 258.65  1.05         6.41 252.45
CK High      1.40                        6.67 262.59  1.15         6.51 256.39
CK Avg       1.33                  -0.26 6.60 259.77  1.09 -0.47   6.45 253.85
Essex Cty    1.40                        6.67 262.59  1.10         6.46 254.42
Mdsx Low     1.30                        6.57 258.65  1.05         6.41 252.45
Mdsx High    1.40                        6.67 262.59  1.10         6.46 254.42
Mdsx Avg     1.33                  -0.26 6.60 259.96  1.08 -0.47   6.45 253.76
Hensall      1.32                        6.59 259.31  1.10         6.46 254.42
Bruce        1.40                        6.67 262.59  1.10         6.46 254.42
Putnam       1.30                        6.57 258.65  1.05         6.41 252.45
Guelph       1.35                        6.62 260.62  1.05         6.41 252.45
Burford      1.30                        6.57 258.65  1.10         6.46 254.42
Port Perry   1.05                        6.32 248.81  0.90         6.26 246.54
Norfolk      1.40                        6.67 262.59  1.10         6.46 254.42
Palmerston   1.30                        6.57 258.65  1.10         6.46 254.42
Varna        1.30                        6.57 258.65  1.10         6.46 254.42
Belmore      1.30                        6.57 258.65  1.10         6.46 254.42
Trenton      1.20                        6.47 254.71  0.95         6.31 248.51
Winchester  N/A                                       1.06         6.42 252.84
North Gower  1.05                        6.32 248.81  0.95         6.31 248.51
Vankleek Hil 1.50                        6.77 266.52  0.93         6.29 247.72
Huron FOB   N/A    1.56  1.54N/A                      1.10         6.46 254.42
Kent FOB     1.55                        6.82 268.49  1.10         6.46 254.42
Lamb FOB     1.51                        6.78 266.92N/A
Mdsx FOB     1.35N/A   N/A   N/A         6.62 260.62  1.05         6.41 252.45
FOB SW Que   2.12                        7.39 290.93N/A
Track        2.02                        7.29 286.99N/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     1.90                   1.70         7.06 278.04
Cardnl-Ing  N/A  N/A   N/A   N/A                    N/A
W O Feed     2.02                        7.29 286.99

US Rep       2.48                        7.75 305.10
Toledo El.   0.53                        5.80 228.23 -0.53         4.84 190.35

TRANSFER
Pt. Colb    N/A                                       1.45         6.81 268.20
Prescott    N/A                                       1.35         6.71 264.26


HI SD CRN                                             1.15         6.51 1/4
*Wet Bid


Exchange rate was 1.3183 up 0.0039
Chicago soybeans closed slightly lower.

      NOV23   HI 14.08  3/4              NOV23     HI 14.08  3/4
             LOW 13.85  1/4                       LOW 13.85  1/4
            CLOSE14.01  3/4  Down 3             CLOSE 14.01  3/4  Down 3

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +NOV23+NOV23+NOV23
CK Low      4.94                         18.96 696.57  3.10        17.12 628.96
CK High     5.00                         19.02 698.77  3.20        17.22 632.63
CK Average  4.97                    0.39 18.99 697.79  3.14 -1.00  17.16 630.59
Essex Cty   5.00                         19.02 698.77  3.20        17.22 632.63
Mdsx Low    4.90                         18.92 695.10  3.10        17.12 628.96
Mdsx High   5.00                         19.02 698.77  3.15        17.17 630.80
Mdsx Average4.94                    0.36 18.96 696.66  3.14 -1.01  17.15 630.25
Hensall     4.92                         18.93 695.71  3.13        17.15 630.19
Bruce       4.90                         18.92 695.10  3.10        17.12 628.96
Putnam      4.95                         18.97 696.94  3.10        17.12 628.96
Guelph      5.01                         19.03 699.14  3.17        17.19 631.53
Burford     5.02                         19.04 699.51  3.24        17.26 634.10
Port Perry  4.86                         18.88 693.63  3.08        17.10 628.23
Norfolk     5.00                         19.02 698.77  3.20        17.22 632.63
Palmerston  4.90                         18.92 695.10  3.15        17.17 630.80
Varna       4.90                         18.92 695.10  3.15        17.17 630.80
Trenton      N/A                                       3.10        17.12 628.96
Winchester   N/A                                       3.10        17.12 628.96
North Gower 5.29                         19.31 709.43  3.10        17.12 628.96
Vankleek Hil4.75                         18.77 689.59  3.35        17.37 638.15
Huron FOB   4.75  5.02  N/A   3.15       18.77 689.59  3.15        17.17 630.80
Kent FOB    5.00                         19.02 698.77  3.15        17.17 630.80
Lambton FOB 4.80                         18.82 691.42  N/A
Mdsx FOB    5.01  N/A   N/A   N/A        19.03 699.14  3.28        17.30 635.57

PROCESSORS
Windsor     5.39                         19.41 713.10  3.88        17.90 657.62

TRANSFER
Hamilton    5.35                         19.37 711.63  3.75        17.77 652.84
Prescott     N/A                                       3.68        17.70 650.27
Port Colborn N/A                                       3.85        17.87 656.52

Toledo El.  0.20                         14.22 522.32 -0.73        13.29 488.41


Exchange rate was 1.3183 up 0.0039
Chicago wheat closed lower.
SEP23      HI     7.33  1/4            JUL24   HI         7.65
           LOW    6.93  1/2                    LOW        7.36
           CLOSE  6.97  1/2  Down 29 1/2       CLOSE   7.39   Down 21 3/4

Minni wheat closed slightly to moderately lower.
SEP23      HI        9.07              SEP24   HI      8.33  1/2
           LOW    8.77  1/2                    LOW     8.33  1/2
           CLOSE  8.87   Down 15               CLOSE   8.33  1/2  Down 8 1/4



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   0.60    N/A    N/A     N/A    0.80    N/A
London      2.13   1.40   0.65    N/A    1.75    1.39   0.86    N/A
Hensall     2.05   1.45   0.65   1.20    1.65    1.40   0.80    N/A
Trenton      N/A    N/A   0.65    N/A    N/A     N/A     N/A    N/A
Bruce       1.65   1.15   0.65   1.15    1.39    1.15   0.85    N/A
Essex        N/A    N/A   0.60    N/A    N/A     N/A    0.85    N/A
Norwich     2.05    N/A   0.60    N/A    1.85    N/A    0.80    N/A
Belmore     1.75   1.25   0.70   1.20    1.90    1.30   0.80    N/A
Kent Bridge 2.05    N/A   0.60    N/A    1.85    N/A    0.80    N/A
Chatham      N/A    N/A   0.60    N/A    N/A     N/A    0.85    N/A
Brigden      N/A    N/A   0.60    N/A    N/A     N/A    0.85    N/A
Palmerston  1.75   1.25   0.70   1.20    1.90    1.30   0.80    N/A
Varna       2.05   1.45   0.65    N/A    1.65    1.40   0.80    N/A
Mitchell    2.05   1.35   0.60    N/A    1.85    1.30   0.80    N/A
Thornton    2.13   1.40   0.65   1.38    1.75    1.39   0.86    N/A
North Gower  N/A   0.85   1.10   1.17    N/A     0.59   0.89   0.82
W O Feed                  1.51

TERMINAL
Port Colbor  N/A    N/A   1.41    N/A    N/A     N/A    1.14    N/A

PROCESSORS
Toledo FM    N/A    N/A   1.89    N/A    N/A     N/A     N/A    N/A

Toledo El. 6.73US        8.87CA         7.15US         9.43CA


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

FEED GRAINS
FOB Hm Soymeal            705.27
DDG's FOB Aylm            300.00



Blair Andrews

Editor, 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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