[Farmmarketnews] Thursday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Thu Jun 8 15:18:53 EDT 2023


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, June 8
(All Bases in CAD)
Exchange rate was 1.3326 up 0.0006
Chicago corn closed slightly higher.

      JUL23   HI 6.13  1/4                    DEC23    HI 5.33  1/2
             LOW 5.95  1/4                            LOW 5.20  1/4
            CLOSE6.10  1/4  Up 6                    CLOSE 5.33   Up 2 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       0.85                        6.95 273.71  0.95         6.28 247.23
CK High      1.00                        7.10 279.61  1.15         6.48 255.11
CK Avg       0.98                  -0.79 7.08 278.77  1.12 -0.49   6.45 253.98
Essex Cty    1.00                        7.10 279.61  1.15         6.48 255.11
Mdsx Low     1.00                        7.10 279.61  1.15         6.48 255.11
Mdsx High    1.00                        7.10 279.61  1.15         6.48 255.11
Mdsx Avg     1.00                  -0.77 7.10 279.61  1.15 -0.47   6.48 255.11
Hensall      1.02                        7.12 280.27  1.17         6.50 255.76
Bruce        0.95                        7.05 277.64  1.15         6.48 255.11
Putnam       1.00                        7.10 279.61  1.15         6.48 255.11
Burford      0.95                        7.05 277.64  1.15         6.48 255.11
Port Perry   0.80                        6.90 271.74  0.95         6.28 247.23
Norfolk      1.00                        7.10 279.61  1.15         6.48 255.11
Palmerston   0.95                        7.05 277.64  1.15         6.48 255.11
Varna        1.00                        7.10 279.61  1.15         6.48 255.11
Belmore      0.95                        7.05 277.64  1.15         6.48 255.11
Trenton      0.85                        6.95 273.71  0.95         6.28 247.23
Winchester   0.90                        7.00 275.68  1.20         6.53 257.07
North Gower  0.82                        6.92 272.53  1.00         6.33 249.20
Vankleek Hil 0.29                        6.39 251.66  0.97         6.30 248.02
Huron FOB   N/A    0.98  1.02  1.72                 N/A
Kent FOB    N/A                                       1.20         6.53 257.07
Lamb FOB     1.15                        7.25 285.52N/A
Mdsx FOB     0.95  1.00N/A   N/A         7.05 277.64  1.10         6.43 253.14
FOB SW Que   1.00                        7.10 279.61N/A
Track        1.48                        7.58 298.51N/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         6.98 274.79
Cardnl-Ing  N/A  N/A   N/A   N/A                    N/A
W O Feed     1.49                        7.60 299.00

US Rep       2.24                        8.34 328.43
Toledo El.   0.04                        6.14 241.82 -0.40         4.93 194.09

TRANSFER
Pt. Colb    N/A                                       1.40         6.73 264.95
Prescott    N/A                                       1.63         6.96 274.00


HI SD CRN                                             1.15         6.48
*Wet Bid


Exchange rate was 1.3326 up 0.0006
Chicago soybeans closed slightly higher.

      AUG23   HI 12.81  1/4              NOV23     HI 11.90  1/2
             LOW 12.58  1/2                       LOW 11.67
            CLOSE12.79  1/4  Up 12              CLOSE 11.89   Up 10 1/2

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +AUG23+AUG23+NOV23
CK Low      4.65                         17.44 640.90  2.70        14.59 536.09
CK High     4.70                         17.49 642.74  2.75        14.64 537.93
CK Average  4.69                    0.32 17.48 642.21  2.73 -0.92  14.62 537.19
Essex Cty   4.70                         17.49 642.74  2.75        14.64 537.93
Mdsx Low    4.65                         17.44 640.90  2.69        14.58 535.72
Mdsx High   4.75                         17.54 644.58  2.80        14.69 539.77
Mdsx Average4.70                    0.33 17.49 642.56  2.74 -0.92  14.63 537.38
Hensall     4.72                         17.51 643.35  2.70        14.59 536.09
Bruce       4.60                         17.39 639.06  2.70        14.59 536.09
Putnam      4.65                         17.44 640.90  2.70        14.59 536.09
Burford     4.78                         17.57 645.68  2.79        14.68 539.40
Port Perry  4.62                         17.41 639.80  2.63        14.52 533.52
Norfolk     4.70                         17.49 642.74  2.75        14.64 537.93
Palmerston  4.60                         17.39 639.06  2.70        14.59 536.09
Varna       4.75                         17.54 644.58  2.70        14.59 536.09
Trenton     4.75                         17.54 644.58  2.80        14.69 539.77
Winchester   N/A                                       3.15        15.04 552.63
North Gower 4.59                         17.38 638.70  3.10        14.99 550.79
Vankleek Hil5.42                         18.21 669.19  2.87        14.76 542.34
Huron FOB   4.68  4.97  5.04  N/A        17.47 642.00  N/A
Kent FOB    4.95                         17.74 651.93  2.75        14.64 537.93
Lambton FOB 4.73                         17.52 643.84  N/A
Mdsx FOB    4.90  5.10  N/A   N/A        17.69 650.09  2.88        14.77 542.70

PROCESSORS
Windsor     5.48                         18.27 671.40  3.48        15.37 564.75

TRANSFER
Hamilton    5.25                         18.04 662.95  3.40        15.29 561.81
Prescott     N/A                                       3.36        15.25 560.34
Port Colborn N/A                                       3.40        15.29 561.81

Toledo El.  1.07                         13.86 509.22 -0.60        11.29 414.85


Exchange rate was 1.3326 up 0.0006
Chicago wheat closed slightly to moderately higher.
JUL23      HI     6.29                 JUL23   HI         6.29
           LOW    6.11  1/4                    LOW     6.11  1/4
           CLOSE  6.26  1/4  Up 9 1/2          CLOSE   6.26  1/4  Up 9 1/2

Minni wheat closed higher.
JUL23      HI     8.21  1/2            SEP23   HI         8.24
           LOW    7.90  1/4                    LOW     7.92  3/4
           CLOSE  8.15  3/4  Up 21 3/4         CLOSE   8.18   Up 21 1/2



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   1.25    N/A    N/A     N/A    0.85    N/A
London      2.01   1.54   1.21    N/A    2.21    1.34   0.78    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    0.80    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    2.01   1.54   1.21   1.36    2.21    1.34   0.78    N/A
North Gower  N/A   1.00   1.30   1.42    N/A     0.90   1.10   1.17
W O Feed                  2.19

TERMINAL
Port Colbor  N/A    N/A   1.81    N/A    N/A     N/A    1.34    N/A

PROCESSORS
Toledo FM    N/A    N/A   1.88    N/A    N/A     N/A    1.88    N/A

Toledo El. 6.01US        8.01CA         6.01US         8.01CA


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

FEED GRAINS
FOB Hm Soymeal            654.78
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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