[Farmmarketnews] Wednesday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Wed Jun 7 15:48:40 EDT 2023


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, June 7
(All Bases in CAD)
Exchange rate was 1.332 down 0.0045
Chicago corn closed slightly to moderately lower.

      JUL23   HI 6.12  1/2                    DEC23    HI 5.42
             LOW 6.01  3/4                            LOW 5.28  1/4
            CLOSE6.04  1/4  Down 3 3/4              CLOSE 5.30  3/4  Down 10 1/4

            OLD CROP BASIS                          NEW CROP BASIS
Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt
ELEVATORS        +JUL23+JUL23+DEC23
CK Low       0.90                        6.94 273.31  1.05         6.36 250.28
CK High      1.00                        7.04 277.25  1.15         6.46 254.22
CK Avg       0.99                  -0.77 7.03 276.69  1.14 -0.47   6.44 253.66
Essex Cty    1.00                        7.04 277.25  1.15         6.46 254.22
Mdsx Low     1.00                        7.04 277.25  1.15         6.46 254.22
Mdsx High    1.00                        7.04 277.25  1.15         6.46 254.22
Mdsx Avg     1.00                  -0.76 7.04 277.25  1.15 -0.46   6.46 254.22
Hensall      1.02                        7.06 277.91  1.17         6.47 254.88
Bruce        0.95                        6.99 275.28  1.15         6.46 254.22
Putnam       1.00                        7.04 277.25  1.15         6.46 254.22
Burford      0.95                        6.99 275.28  1.15         6.46 254.22
Port Perry   0.80                        6.84 269.38  0.95         6.26 246.35
Norfolk      1.00                        7.04 277.25  1.15         6.46 254.22
Palmerston   0.95                        6.99 275.28  1.15         6.46 254.22
Varna        1.00                        7.04 277.25  1.15         6.46 254.22
Belmore      0.95                        6.99 275.28  1.15         6.46 254.22
Trenton      0.85                        6.89 271.35  1.00         6.31 248.32
Winchester   0.90                        6.94 273.31  1.20         6.51 256.19
North Gower  0.82                        6.86 270.16  1.00         6.31 248.32
Vankleek Hil 0.28                        6.32 248.91  0.97         6.28 247.13
Huron FOB   N/A    1.02  1.05  1.79                 N/A
Kent FOB    N/A                                       1.15         6.46 254.22
Lamb FOB     1.15                        7.19 283.16N/A
Mdsx FOB     0.95  1.05N/A   N/A         6.99 275.28  1.15         6.46 254.22
FOB SW Que   0.84                        6.88 270.95N/A
Track        1.43                        7.48 294.34N/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   N/A                      1.65         6.96 273.90
Cardnl-Ing  N/A  N/A   N/A   N/A                    N/A
W O Feed     1.44                        7.48 294.57

US Rep       2.20                        8.24 324.49
Toledo El.   0.04                        6.08 239.46 -0.40         4.91 193.22

TRANSFER
Pt. Colb    N/A                                       1.40         6.71 264.06
Prescott    N/A                                       1.63         6.94 273.12


HI SD CRN                                             1.15         6.45 3/4
*Wet Bid


Exchange rate was 1.332 down 0.0045
Chicago soybeans closed mixed.

      AUG23   HI 12.76                   NOV23     HI 11.88  1/4
             LOW 12.60                            LOW 11.76
            CLOSE12.67  1/4  Up 1 1/2           CLOSE 11.78  1/2  Down 6 1/4

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +AUG23+AUG23+NOV23
CK Low      4.75                         17.42 640.17  2.79        14.58 535.54
CK High     4.80                         17.47 642.00  2.90        14.69 539.58
CK Average  4.76                    0.41 17.43 640.43  2.82 -0.82  14.61 536.64
Essex Cty   4.75                         17.42 640.17  2.80        14.59 535.91
Mdsx Low    4.73                         17.40 639.43  2.77        14.56 534.80
Mdsx High   4.75                         17.42 640.17  2.80        14.59 535.91
Mdsx Average4.75                    0.40 17.42 639.98  2.79 -0.84  14.58 535.63
Hensall     4.77                         17.44 640.78  2.78        14.57 535.29
Bruce       4.70                         17.37 638.33  2.80        14.59 535.91
Putnam      4.75                         17.42 640.17  2.80        14.59 535.91
Burford     4.83                         17.50 643.11  2.87        14.66 538.48
Port Perry  4.67                         17.34 637.23  2.71        14.50 532.60
Norfolk     4.75                         17.42 640.17  2.80        14.59 535.91
Palmerston  4.70                         17.37 638.33  2.80        14.59 535.91
Varna       4.75                         17.42 640.17  2.75        14.54 534.07
Trenton     4.75                         17.42 640.17  2.80        14.59 535.91
Winchester   N/A                                       3.20        14.99 550.60
North Gower 4.69                         17.36 637.96  3.10        14.89 546.93
Vankleek Hil5.50                         18.17 667.73  2.86        14.65 538.11
Huron FOB   4.75  5.04  5.11  N/A        17.42 640.17  N/A
Kent FOB    5.00                         17.67 649.35  2.80        14.59 535.91
Lambton FOB 4.73                         17.40 639.43  N/A
Mdsx FOB    4.95  5.15  N/A   N/A        17.62 647.52  2.97        14.76 542.15

PROCESSORS
Windsor     5.46                         18.13 666.26  3.47        15.26 560.53

TRANSFER
Hamilton    5.30                         17.97 660.38  3.45        15.24 559.79
Prescott     N/A                                       3.38        15.17 557.22
Port Colborn N/A                                       3.48        15.27 560.89

Toledo El.  1.07                         13.74 504.79 -0.60        11.19 411.00


Exchange rate was 1.332 down 0.0045
Chicago wheat closed moderately lower.
JUL23      HI     6.35  1/2            JUL23   HI      6.35  1/2
           LOW    6.13  1/4                    LOW     6.13  1/4
           CLOSE  6.16  3/4  Down 11           CLOSE   6.16  3/4  Down 11

Minni wheat closed lower.
JUL23      HI     8.18  1/4            SEP23   HI      8.20  1/2
           LOW    7.90  1/4                    LOW     7.92  3/4
           CLOSE  7.94   Down 22 1/2           CLOSE   7.96  1/2  Down 23



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   1.20    N/A    N/A     N/A    0.80    N/A
London      2.06   1.60   1.26    N/A    2.27    1.39   0.83    N/A
Hensall     2.55   1.95   1.25   1.55    2.50    1.55   0.85   1.35
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    0.85    N/A
Bruce       2.20   1.70   1.20   1.15    1.80    1.30   0.80   1.15
Essex        N/A    N/A   1.30    N/A    N/A     N/A    0.85    N/A
Norwich      N/A    N/A   1.25    N/A    2.55    N/A    0.85    N/A
Belmore      N/A   1.65   1.25   1.15    1.80    1.30   0.85   1.15
Kent Bridge  N/A    N/A   1.25    N/A    2.55    N/A    0.85    N/A
Chatham      N/A    N/A   1.30    N/A    N/A     N/A    0.85    N/A
Brigden      N/A    N/A   1.30    N/A    N/A     N/A    0.85    N/A
Palmerston  2.20   1.70   1.20   1.15    1.80    1.30   0.80   1.15
Varna       2.55   1.95   1.25    N/A    2.50    1.55   0.85    N/A
Mitchell     N/A    N/A   1.25    N/A    2.55    1.55   0.85    N/A
Thornton    2.06   1.60   1.26   1.42    2.27    1.39   0.83    N/A
North Gower  N/A   1.00   1.30   1.42    N/A     0.90   1.10   1.17
W O Feed                  2.09

TERMINAL
Port Colbor  N/A    N/A   1.86    N/A    N/A     N/A    1.39    N/A

PROCESSORS
Toledo FM    N/A    N/A   1.85    N/A    N/A     N/A    1.85    N/A

Toledo El. 5.92US        7.88CA         5.92US         7.88CA


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

FEED GRAINS
FOB Hm Soymeal            656.11
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

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