[Farmmarketnews] Monday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Mon Mar 20 15:42:58 EDT 2023


Note: Several elevators have rolled to the July future for their old crop soybean bids. As a result, our report will now use the July 2023 for old crop beans.
Thanks

FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, March 20
(All Bases in CAD)
Exchange rate was 1.3648 down 0.0057
Chicago corn closed slightly lower.

      MAY23   HI 6.34                         DEC23    HI 5.60  1/2
             LOW 6.25                                 LOW 5.54  1/2
            CLOSE6.33   Down 1 1/4                  CLOSE 5.60   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        +MAY23+JUL23+JUL23
CK Low       1.25                        7.58 298.41  1.30         6.90 271.64
CK High      1.35                        7.68 302.35  1.40         7.00 275.58
CK Avg       1.34                  -0.71 7.67 301.79  1.35 -0.51   6.95 273.61
Essex Cty    1.25                        7.58 298.41  1.30         6.90 271.64
Mdsx Low     1.35                        7.68 302.35  1.35         6.95 273.61
Mdsx High    1.35                        7.68 302.35  1.40         7.00 275.58
Mdsx Avg     1.35                  -0.70 7.68 302.35  1.37 -0.50   6.97 274.27
Hensall      1.37                        7.70 303.00  1.37         6.97 274.27
Bruce        1.40                        7.73 304.32  1.40         7.00 275.58
Putnam       1.35                        7.68 302.35  1.35         6.95 273.61
Burford      1.35                        7.68 302.35  1.40         7.00 275.58
Port Perry   1.05                        7.38 290.54  1.10         6.70 263.77
Norfolk      1.35                        7.68 302.35  1.35         6.95 273.61
Palmerston   1.38                        7.71 303.53N/A
Varna        1.35                        7.68 302.35  1.35         6.95 273.61
Belmore      1.30                        7.63 300.38  1.35         6.95 273.61
Trenton      1.20                        7.53 296.44  1.20         6.80 267.70
Winchester   1.35                        7.68 302.35  1.40         7.00 275.58
North Gower  1.40                        7.73 304.32  1.40         7.00 275.58
Vankleek Hil 1.12                        7.45 293.29  1.25         6.85 269.67
Huron FOB    1.35  1.54  1.54N/A         7.68 302.35N/A
Kent FOB     1.55                        7.88 310.22  1.40         7.00 275.58
Lamb FOB    N/A                                     N/A
Mdsx FOB     1.40N/A   N/A   N/A         7.73 304.32  1.40         7.00 275.58
FOB SW Que   2.08                        8.41 331.09N/A
Track        1.90                        8.23 324.00N/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                      1.95         7.55 297.23
Cardnl-Ing  N/A  N/A   N/A   N/A                    N/A
W O Feed     1.90                        8.23 324.00

US Rep       2.45                        8.78 345.65
Toledo El.  -0.27                        6.06 238.46 -0.41         5.19 204.34

TRANSFER
Pt. Colb    N/A                                       1.70         7.30 287.39
Prescott    N/A                                       2.01         7.61 299.59


HI SD CRN    1.35                        7.68
*Wet Bid


Exchange rate was 1.3648 down 0.0057
Chicago soybeans closed mixed.

      JUL23   HI 14.68  1/4              NOV23     HI 13.15  3/4
             LOW 14.42  3/4                       LOW 12.96  1/2
            CLOSE14.66  3/4  Up 5 1/2           CLOSE 13.09   Down 4 1/2

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +JUL23+JUL23+JUL23
CK Low      4.90                         19.57 718.98  4.10        17.19 631.62
CK High     5.00                         19.67 722.66  4.15        17.24 633.46
CK Average  4.96                   -0.29 19.63 721.24  4.13 -0.47  17.22 632.88
Essex Cty   5.00                         19.67 722.66  4.15        17.24 633.46
Mdsx Low    4.95                         19.62 720.82  4.10        17.19 631.62
Mdsx High   5.00                         19.67 722.66  4.18        17.27 634.56
Mdsx Average4.98                   -0.27 19.65 721.92  4.13 -0.47  17.22 632.82
Hensall     5.01                         19.68 723.02  4.10        17.19 631.62
Bruce       5.05                         19.72 724.49  4.20        17.29 635.30
Putnam      4.95                         19.62 720.82  4.10        17.19 631.62
Burford     5.05                         19.72 724.49  4.25        17.34 637.14
Port Perry  4.89                         19.56 718.62  4.09        17.18 631.26
Norfolk     5.00                         19.67 722.66  4.15        17.24 633.46
Palmerston   N/A                                       N/A
Varna       5.04                         19.71 724.13  4.10        17.19 631.62
Trenton     4.95                         19.62 720.82  4.10        17.19 631.62
Winchester  5.12                         19.79 727.07  4.11        17.20 631.99
North Gower 5.29                         19.96 733.31  4.15        17.24 633.46
Vankleek Hil5.16                         19.83 728.54  4.06        17.15 630.15
Huron FOB   5.04  5.14  5.19  N/A        19.71 724.13  N/A
Kent FOB    5.25                         19.92 731.84  4.15        17.24 633.46
Lambton FOB 5.17                         19.84 728.90  N/A
Mdsx FOB    5.31  N/A   N/A   N/A        19.98 734.05  4.31        17.40 639.34

PROCESSORS
Windsor     5.69                         20.36 748.01  4.77        17.86 656.24

TRANSFER
Hamilton    5.50                         20.17 741.03  4.85        17.94 659.18
Prescott     N/A                                       4.69        17.78 653.30
Port Colborn5.39                         20.06 736.99  4.79        17.88 656.98

Toledo El.  0.08                         14.75 541.95 -0.61        12.48 458.41


Exchange rate was 1.3648 down 0.0057
Chicago wheat closed slightly to moderately lower.
MAY23      HI     7.08  1/2            JUL23   HI      7.18  1/4
           LOW    6.95  1/4                    LOW     7.03  1/2
           CLOSE  7.00  3/4  Down 9 3/4        CLOSE   7.08  1/2  Down 11

Minni wheat closed slightly lower.
MAY23      HI     8.59  3/4            SEP23   HI      8.54  1/2
           LOW       8.48                      LOW     8.43  3/4
           CLOSE  8.51  1/2  Down 9 1/4        CLOSE   8.45  1/2  Down 9 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   1.50    N/A    N/A     N/A    1.30    N/A
London      2.53   2.05   1.43    N/A    2.77    1.88   1.26    N/A
Hensall     4.20    N/A   1.50    N/A    2.90    N/A    1.30    N/A
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.35    N/A
Bruce       2.50   2.00   1.50   1.15    2.30    1.80   1.30   1.15
Essex        N/A    N/A   1.45    N/A    N/A     N/A    1.35    N/A
Norwich     4.20    N/A   1.50    N/A    2.90    N/A    1.30    N/A
Belmore     2.50   1.75   1.50   1.15    2.00    1.90   1.30    N/A
Kent Bridge 4.20    N/A   1.50    N/A    2.90    N/A    1.30    N/A
Chatham      N/A    N/A   1.45    N/A    N/A     N/A    1.35    N/A
Brigden      N/A    N/A   1.45    N/A    N/A     N/A    1.35    N/A
Palmerston   N/A   1.84   1.29    N/A    N/A     N/A     N/A    N/A
Varna       4.10   2.15   1.50    N/A    2.80    1.90   1.30    N/A
Mitchell    4.20    N/A   1.50    N/A    2.90    1.95   1.30    N/A
Thornton    2.53   2.05   1.43   1.84    2.77    1.88   1.26    N/A
North Gower  N/A   1.40   1.70   1.92    N/A     1.10   1.40   1.52
W O Feed                  2.22

TERMINAL
Port Colbor  N/A    N/A   2.25    N/A    N/A     N/A    1.94    N/A

PROCESSORS
Toledo FM    N/A    N/A    N/A    N/A    N/A     N/A    2.31    N/A

Toledo El. 6.66US        9.09CA         6.84US         9.33CA


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

FEED GRAINS
FOB Hm Soymeal            756.97
DDG's FOB Aylm            365.00

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