[Farmmarketnews] Friday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Fri Jun 23 15:27:33 EDT 2023


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, June 23
(All Bases in CAD)
Exchange rate was 1.316 up 0.0038
Chicago corn closed lower to sharply lower.

      JUL23   HI 6.57  1/2                    DEC23    HI 6.16  3/4
             LOW 6.29                                 LOW 5.83  1/2
            CLOSE6.30  3/4  Down 29 3/4             CLOSE 5.88   Down 32 3/4

            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                        7.21 283.75  1.10         6.98 274.79
CK High      1.00                        7.31 287.68  1.15         7.03 276.76
CK Avg       0.98                  -0.77 7.29 286.84  1.14 -0.54   7.02 276.48
Essex Cty    1.00                        7.31 287.68  1.15         7.03 276.76
Mdsx Low     0.95                        7.26 285.72  1.10         6.98 274.79
Mdsx High    1.00                        7.31 287.68  1.15         7.03 276.76
Mdsx Avg     0.98                  -0.77 7.29 287.03  1.13 -0.55   7.01 276.10
Hensall      1.02                        7.32 288.34  1.17         7.05 277.42
Bruce        0.95                        7.26 285.72  1.15         7.03 276.76
Putnam       1.00                        7.31 287.68  1.15         7.03 276.76
Burford      0.95                        7.26 285.72  1.10         6.98 274.79
Port Perry   0.75                        7.06 277.84  0.90         6.78 266.92
Norfolk      1.00                        7.31 287.68  1.15         7.03 276.76
Palmerston   0.95                        7.26 285.72  1.15         7.03 276.76
Varna        1.00                        7.31 287.68  1.15         7.03 276.76
Belmore      0.95                        7.26 285.72  1.15         7.03 276.76
Trenton      0.85                        7.16 281.78  0.95         6.83 268.89
Winchester  N/A                                       1.15         7.03 276.76
North Gower  0.60                        6.91 271.94  0.95         6.83 268.89
Vankleek Hil 0.91                        7.22 284.14  0.92         6.80 267.70
Huron FOB   N/A    0.98  1.07  1.54                 N/A
Kent FOB     1.08                        7.39 290.83  1.25         7.13 280.70
Lamb FOB     0.80                        7.11 279.81N/A
Mdsx FOB     0.95  1.05N/A   N/A         7.26 285.72  1.15         7.03 276.76
FOB SW Que   0.86                        7.17 282.17N/A
Track        1.44                        7.75 305.01N/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                    N/A
Cardnl-Ing  N/A  N/A   N/A   N/A                    N/A
W O Feed     1.44                        7.75 305.01

US Rep       2.19                        8.50 334.53
Toledo El.  -0.09                        6.22 244.69 -0.39         5.49 215.94

TRANSFER
Pt. Colb    N/A                                       1.55         7.43 292.51
Prescott    N/A                                       1.54         7.42 292.11


HI SD CRN                                             1.15         7.03
*Wet Bid


Exchange rate was 1.316 up 0.0038
Chicago soybeans closed slightly to moderately lower.

      AUG23   HI 14.18  1/4              NOV23     HI 13.36  1/2
             LOW 13.83                            LOW 12.90  3/4
            CLOSE14.04   Down 14 1/4            CLOSE 13.10   Down 29 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      4.85                         18.89 694.09  2.90        16.00 587.90
CK High     5.05                         19.09 701.44  3.10        16.20 595.25
CK Average  4.91                    0.36 18.95 696.19  3.01 -0.86  16.11 591.78
Essex Cty   4.85                         18.89 694.09  3.10        16.20 595.25
Mdsx Low    4.85                         18.89 694.09  3.00        16.10 591.57
Mdsx High   5.03                         19.07 700.70  3.02        16.12 592.31
Mdsx Average4.90                    0.35 18.94 695.74  3.01 -0.86  16.11 591.76
Hensall     4.92                         18.96 696.54  3.00        16.10 591.57
Bruce       4.85                         18.89 694.09  3.00        16.10 591.57
Putnam      4.85                         18.89 694.09  3.00        16.10 591.57
Burford     5.13                         19.17 704.38  3.12        16.22 595.98
Port Perry  4.97                         19.01 698.50  2.96        16.06 590.10
Norfolk     4.85                         18.89 694.09  3.00        16.10 591.57
Palmerston  4.95                         18.99 697.76  3.00        16.10 591.57
Varna       4.95                         18.99 697.76  3.00        16.10 591.57
Trenton     5.00                         19.04 699.60  3.05        16.15 593.41
Winchester   N/A                                       2.90        16.00 587.90
North Gower 4.46                         18.50 679.76  2.90        16.00 587.90
Vankleek Hil4.21                         18.25 670.57  3.25        16.35 600.76
Huron FOB   4.86  5.02  5.04  N/A        18.90 694.46  N/A
Kent FOB    4.95                         18.99 697.76  3.00        16.10 591.57
Lambton FOB 4.91                         18.95 696.29  N/A
Mdsx FOB    5.05  5.05  N/A   N/A        19.09 701.44  3.21        16.31 599.29

PROCESSORS
Windsor     5.41                         19.45 714.67  3.61        16.71 613.99

TRANSFER
Hamilton    5.40                         19.44 714.30  3.55        16.65 611.78
Prescott     N/A                                       3.64        16.74 615.09
Port Colborn N/A                                       3.73        16.83 618.40

Toledo El.  0.53                         14.57 535.22 -0.59        12.51 459.58


Exchange rate was 1.316 up 0.0038
Chicago wheat closed slightly lower.
JUL23      HI     7.37  3/4            JUL23   HI      7.37  3/4
           LOW    7.18  3/4                    LOW     7.18  3/4
           CLOSE  7.33  1/4  Down 5 3/4        CLOSE   7.33  1/4  Down 5 3/4

Minni wheat closed moderately lower.
JUL23      HI     8.77  1/2            SEP23   HI      8.82  3/4
           LOW    8.63  1/2                    LOW     8.71  1/2
           CLOSE  8.64  3/4  Down 15 1/4       CLOSE   8.73  3/4  Down 10 3/4



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    N/A    N/A    N/A     N/A    0.85    N/A
London      2.29   1.82   1.29    N/A    2.49    1.63   0.96    N/A
Hensall     2.40   2.00   1.30   1.50    2.65    1.70   0.95   1.45
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    0.85    N/A
Bruce       2.15   1.65   1.15   1.15    1.85    1.35   0.85   1.15
Essex        N/A    N/A   1.25    N/A    N/A     N/A    0.98    N/A
Norwich      N/A    N/A   1.25    N/A    2.55    N/A    0.85    N/A
Belmore      N/A   1.65   1.30   1.15    1.80    1.30   0.95   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   1.25    N/A    N/A     N/A    0.98    N/A
Brigden      N/A    N/A   1.25    N/A    N/A     N/A    0.98    N/A
Palmerston   N/A   1.65   1.30   1.15    1.80    1.30   0.95   1.15
Varna       2.40   2.00   1.30    N/A    2.65    1.70   0.95    N/A
Mitchell     N/A    N/A   1.25    N/A    2.55    1.55   0.85    N/A
Thornton    2.29   1.82   1.29   1.53    2.49    1.63   0.96    N/A
North Gower  N/A   1.10   1.40   1.42    N/A     1.03   1.23   1.12
W O Feed                  2.42

TERMINAL
Port Colbor  N/A    N/A   1.69    N/A    N/A     N/A    1.63    N/A

PROCESSORS
Toledo FM    N/A    N/A   2.12    N/A    N/A     N/A    2.12    N/A

Toledo El. 7.13US        9.39CA         7.13US         9.39CA


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

FEED GRAINS
FOB Hm Soymeal            651.15
DDG's FOB Aylm            295.00



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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