[Farmmarketnews] Monday Ontario Commodity Report - note markets in U.S. were closed for the Memorial Day holiday
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Mon May 29 14:58:43 EDT 2023
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, May 29
(All Bases in CAD)
Exchange rate was 1.358 down 0.0029
Markets in the U.S. were closed for the Memorial Day holiday
Chicago corn closed moderately higher to higher on Friday, May 26:
JUL23 HI 6.06 3/4 DEC23 HI 5.35 3/4
LOW 5.88 1/4 LOW 5.14 1/4
CLOSE6.04 Up 13 1/4 CLOSE 5.34 1/2 Up 18 1/2
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +JUL23+JUL23+JUL23
CK Low 0.95 6.99 275.18 1.10 6.45 253.73
CK High 1.00 7.04 277.15 1.15 6.50 255.70
CK Avg 0.99 -0.86 7.03 276.87 1.14 -0.57 6.48 255.13
Essex Cty 1.00 7.04 277.15 1.15 6.50 255.70
Mdsx Low 1.00 7.04 277.15 1.10 6.45 253.73
Mdsx High 1.00 7.04 277.15 1.15 6.50 255.70
Mdsx Avg 1.00 -0.86 7.04 277.15 1.13 -0.57 6.48 255.04
Hensall 1.02 7.06 277.81 1.17 6.51 256.35
Bruce 0.90 6.94 273.22 1.05 6.40 251.76
Putnam 1.00 7.04 277.15 1.15 6.50 255.70
Burford 0.95 6.99 275.18 1.10 6.45 253.73
Port Perry 0.80 6.84 269.28 0.95 6.30 247.82
Norfolk 1.00 7.04 277.15 1.15 6.50 255.70
Palmerston 0.90 6.94 273.22 1.05 6.40 251.76
Varna 1.00 7.04 277.15 1.15 6.50 255.70
Belmore 1.00 7.04 277.15 1.05 6.40 251.76
Trenton 0.90 6.94 273.22 1.00 6.35 249.79
Winchester 0.90 6.94 273.22 1.20 6.55 257.67
North Gower 0.95 6.99 275.18 1.00 6.35 249.79
Vankleek Hil 0.38 6.42 252.74 1.10 6.45 253.73
Huron FOB N/A 0.95 1.16 1.24 N/A
Kent FOB N/A 1.15 6.50 255.70
Lamb FOB 0.96 7.00 275.58N/A
Mdsx FOB 0.95 1.00 1.05N/A 6.99 275.18 1.15 6.50 255.70
FOB SW Que 0.91 6.95 273.61N/A
Track 1.53 7.57 298.02N/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 7.00 275.38
Cardnl-Ing N/A N/A N/A N/A N/A
W O Feed 1.54 7.58 298.31
US Rep 2.39 8.43 331.87
Toledo El. 0.00 6.04 237.78 -0.41 4.94 194.38
TRANSFER
Pt. Colb N/A 1.40 6.75 265.54
Prescott N/A 1.78 7.13 280.50
HI SD CRN 1.15 6.49 1/2
*Wet Bid
Exchange rate was 1.358 down 0.0029
Chicago soybeans closed slightly higher.
AUG23 HI 12.67 3/4 NOV23 HI 11.92 3/4
LOW 12.46 1/2 LOW 11.69 1/2
CLOSE12.61 Up 11 1/4 CLOSE 11.89 1/2 Up 17 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +AUG23+AUG23+AUG23
CK Low 4.90 17.51 643.38 2.99 14.89 546.93
CK High 5.16 17.77 652.94 3.05 14.95 549.13
CK Average 4.96 0.33 17.57 645.59 3.01 -0.92 14.90 547.51
Essex Cty 4.90 17.51 643.38 3.00 14.90 547.30
Mdsx Low 4.89 17.50 643.01 2.97 14.87 546.20
Mdsx High 4.95 17.56 645.22 3.00 14.90 547.30
Mdsx Average4.91 0.29 17.52 643.75 2.99 -0.93 14.89 547.02
Hensall 4.92 17.53 643.99 3.00 14.90 547.30
Bruce 4.90 17.51 643.38 3.00 14.90 547.30
Putnam 4.95 17.56 645.22 3.00 14.90 547.30
Burford 4.99 17.60 646.69 3.07 14.97 549.87
Port Perry 4.83 17.44 640.81 2.91 14.81 543.99
Norfolk 4.90 17.51 643.38 3.00 14.90 547.30
Palmerston 4.90 17.51 643.38 3.00 14.90 547.30
Varna 4.90 17.51 643.38 3.00 14.90 547.30
Trenton 4.90 17.51 643.38 2.90 14.80 543.62
Winchester N/A 3.20 15.10 554.65
North Gower 4.91 17.52 643.75 3.20 15.10 554.65
Vankleek Hil5.01 17.62 647.42 3.27 15.17 557.22
Huron FOB 4.92 5.06 5.33 5.40 17.53 644.12 N/A
Kent FOB 5.10 17.71 650.73 3.00 14.90 547.30
Lambton FOB 4.83 17.44 640.81 N/A
Mdsx FOB 5.17 5.31 5.45 N/A 17.78 653.30 3.24 15.14 556.12
PROCESSORS
Windsor 5.64 18.25 670.57 3.72 15.62 573.75
TRANSFER
Hamilton 5.45 18.06 663.59 3.65 15.55 571.18
Prescott N/A 3.70 15.60 573.02
Port Colborn N/A 3.75 15.65 574.86
Toledo El. 1.33 13.94 512.24 -0.61 11.28 414.61
Exchange rate was 1.358 down 0.0029
Chicago wheat closed moderately higher.
JUL23 HI 6.18 1/2 JUL23 HI 6.18 1/2
LOW 6.02 1/2 LOW 6.02 1/2
CLOSE 6.16 Up 11 3/4 CLOSE 6.16 Up 11 3/4
Minni wheat closed moderately higher.
JUL23 HI 8.21 1/4 SEP23 HI 8.24
LOW 8.05 1/2 LOW 8.09 1/4
CLOSE 8.18 Up 12 1/2 CLOSE 8.19 1/4 Up 11 1/4
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 1.30 N/A N/A N/A 0.85 N/A
London 2.15 1.68 1.27 N/A 2.36 1.47 0.93 N/A
Hensall 2.60 2.00 1.30 1.60 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 2.30 1.80 1.30 1.25 1.85 1.35 0.85 1.15
Essex N/A N/A 1.20 N/A N/A N/A 0.85 N/A
Norwich N/A N/A 1.30 N/A 2.65 N/A 0.85 N/A
Belmore 2.50 1.65 1.30 1.15 2.00 1.50 0.85 N/A
Kent Bridge N/A N/A 1.30 N/A 2.65 N/A 0.85 N/A
Chatham N/A N/A 1.20 N/A N/A N/A 0.85 N/A
Brigden N/A N/A 1.20 N/A N/A N/A 0.85 N/A
Palmerston 2.30 1.80 1.30 1.25 1.85 1.35 0.85 1.15
Varna 2.60 2.00 1.30 N/A 2.50 1.55 0.85 N/A
Mitchell N/A N/A 1.30 N/A 2.65 1.60 0.85 N/A
Thornton 2.15 1.68 1.27 1.60 2.36 1.47 0.93 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 1.95 N/A N/A N/A 1.47 N/A
PROCESSORS
Toledo FM N/A N/A N/A N/A N/A N/A 2.00 N/A
Toledo El. 5.91US 8.03CA 5.91US 8.03CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 652.80
DDG's FOB Aylm 335.00
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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This Farm Market News product is sponsored by:
Grain Farmers of Ontario
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