[Farmmarketnews] Thursday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Thu Nov 23 15:05:53 EST 2023


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, November 23
(All Bases in CAD)
Exchange rate was 1.3688 down 0.0016
Markets in the U.S. were closed for the Thanksgiving holiday.
On Nov. 22, Chicago corn closed slightly lower.

      DEC23   HI 4.73  3/4                    DEC24    HI 5.18
             LOW 4.67  3/4                            LOW 5.12  1/2
            CLOSE4.68  3/4  Down 1 1/4              CLOSE 5.13  3/4  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        +MAR24+MAR24+MAR24
CK Low       0.90                        5.59 219.97  1.00         6.14 241.62
CK High      0.95                        5.64 221.94  1.00         6.14 241.62
CK Avg       0.92                  -0.59 5.61 220.81  1.00 -0.65   6.14 241.62
Essex Cty    0.90                        5.59 219.97  1.00         6.14 241.62
Mdsx Low     0.90                        5.59 219.97  1.00         6.14 241.62
Mdsx High    0.90                        5.59 219.97  1.00         6.14 241.62
Mdsx Avg     0.90                  -0.61 5.59 219.97  1.00 -0.65   6.14 241.62
Hensall      0.92                        5.60 220.63  1.02         6.15 242.28
Bruce        0.90                        5.59 219.97  1.00         6.14 241.62
Putnam       0.90                        5.59 219.97  1.00         6.14 241.62
Guelph       0.95                        5.64 221.94  1.00         6.14 241.62
Burford      0.90                        5.59 219.97  1.00         6.14 241.62
Port Perry   0.65                        5.34 210.13  0.85         5.99 235.72
Norfolk      0.90                        5.59 219.97  1.00         6.14 241.62
Palmerston   0.85                        5.54 218.00  1.00         6.14 241.62
Varna        0.90                        5.59 219.97  1.00         6.14 241.62
Belmore      0.85                        5.54 218.00  1.00         6.14 241.62
Trenton      0.70                        5.39 212.10  0.90         6.04 237.69
Winchester   1.10                        5.79 227.84  1.25         6.39 251.46
North Gower  1.05                        5.74 225.88  1.20         6.34 249.50
Vankleek Hil 1.25                        5.94 233.75  1.15         6.29 247.53
Huron FOB    0.90  0.96  1.04N/A         5.59 219.97N/A
Kent FOB     0.90                        5.59 219.97  1.00         6.14 241.62
Lamb FOB     0.83                        5.52 217.21N/A
Mdsx FOB    N/A    1.10  1.15  1.20                 N/A
FOB SW Que   2.07                        6.76 266.03N/A
Track        1.40                        6.09 239.65N/A
PROCESSORS
Chat-Eth    N/A  N/A   N/A   N/A                      1.63         6.77 266.42
Jhnstwn-Eth N/A  N/A   N/A   N/A                      1.82         6.96 273.90
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                      1.70         6.84 269.18
Cardnl-Ing  N/A  N/A   N/A   N/A                      1.75         6.89 271.15
W O Feed     1.44                        6.12 241.03

US Rep       1.87                        6.56 258.16
Toledo El.  -0.89                        3.80 149.51 -0.55         4.59 180.70

TRANSFER
Pt. Colb     1.10                        5.79 227.84  1.25         6.39 251.46
Prescott     1.32                        6.01 236.50  1.56         6.70 263.67


HI SD CRN    0.95                        5.63 3/4
*Wet Bid


Exchange rate was 1.3688 down 0.0016
On Nov. 22, Chicago soybeans closed slightly to moderately lower.

      JAN24   HI 13.78  1/2              NOV24     HI 13.13  3/4
             LOW 13.54  1/4                       LOW 12.97
            CLOSE13.56  1/2  Down 20 3/4        CLOSE 13.01  1/4  Down 12

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +JAN24+JAN24+MAR24
CK Low      3.50                         17.07 627.03  3.50        16.51 606.73
CK High     3.60                         17.17 630.71  3.60        16.61 610.40
CK Average  3.55                   -1.06 17.11 628.71  3.55 -0.91  16.56 608.52
Essex Cty   3.50                         17.07 627.03  3.60        16.61 610.40
Mdsx Low    3.50                         17.07 627.03  3.47        16.48 605.63
Mdsx High   3.55                         17.12 628.87  3.60        16.61 610.40
Mdsx Average3.51                   -1.09 17.08 627.49  3.52 -0.94  16.53 607.37
Hensall     3.45                         17.02 625.19  3.47        16.48 605.51
Bruce       3.45                         17.02 625.19  3.50        16.51 606.73
Putnam      3.55                         17.12 628.87  3.60        16.61 610.40
Guelph      3.49                         17.06 626.66  3.51        16.52 607.10
Burford     3.66                         17.23 632.91  3.63        16.64 611.51
Port Perry  3.44                         17.01 624.83  3.41        16.42 603.42
Norfolk     3.50                         17.07 627.03  3.55        16.56 608.57
Palmerston  3.45                         17.02 625.19  3.45        16.46 604.89
Varna       3.45                         17.02 625.19  3.45        16.46 604.89
Trenton     3.35                         16.92 621.52  3.45        16.46 604.89
Winchester  3.18                         16.75 615.27  3.55        16.56 608.57
North Gower 2.95                         16.52 606.82  3.40        16.41 603.06
Vankleek Hil3.21                         16.78 616.38  3.73        16.74 615.18
Huron FOB   3.50  3.62  3.89  N/A        17.07 627.03  N/A
Kent FOB    3.60                         17.17 630.71  3.50        16.51 606.73
Lambton FOB 3.70                         17.27 634.38  N/A
Mdsx FOB    3.75  3.75  3.89  4.02       17.32 636.22  N/A

PROCESSORS
Windsor     3.98                         17.55 644.67  N/A

TRANSFER
Hamilton    4.05                         17.62 647.24  4.10        17.11 628.78
Prescott    3.25                         16.82 617.85  4.14        17.15 630.25
Port Colborn4.28                         17.85 655.69  4.25        17.26 634.29

Toledo El.  -0.82                        12.74 468.25 -0.75        12.26 450.46


Exchange rate was 1.3688 down 0.0016
On Nov. 22, Chicago wheat closed slightly higher.
DEC23      HI     5.63  1/2            JUL24   HI      6.17  3/4
           LOW    5.54  1/2                    LOW     6.10  1/4
           CLOSE  5.55  3/4  Up  3/4           CLOSE   6.12  1/4  Up 1 3/4

On Nov. 22, Minni wheat closed slightly lower.
DEC23      HI     7.23  1/4            SEP24   HI         7.62
           LOW       7.10                      LOW     7.51  1/4
           CLOSE  7.10  3/4  Down 6 3/4        CLOSE   7.51  1/4  Down 5 1/2



Direct MarkHarvest 2023                Harvest 2024
           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   1.15    N/A    N/A     N/A    1.15    N/A
London      1.61   1.61   1.20    N/A    1.54    1.54   1.20    N/A
Hensall     1.60   1.60   1.15   1.25    1.65    1.55   1.15    N/A
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.10    N/A
Bruce        N/A   1.45   1.15   1.00    1.45    1.45   1.15    N/A
Essex        N/A    N/A   1.15    N/A    N/A     N/A    1.15    N/A
Norwich     1.60    N/A   1.15    N/A    1.70    N/A    1.15    N/A
Belmore     1.60   1.10   1.15   1.10    1.70    1.15   1.15    N/A
Kent Bridge 1.60    N/A   1.15    N/A    1.70    N/A    1.15    N/A
Chatham      N/A    N/A   1.15    N/A    N/A     N/A    1.15    N/A
Brigden      N/A    N/A   1.15    N/A    N/A     N/A    1.15    N/A
Palmerston  1.60   1.10   1.15   1.10    1.70    1.15   1.15    N/A
Varna       1.60   1.60   1.15    N/A    1.65    1.55   1.15    N/A
Mitchell    1.60   1.40   1.15    N/A    1.70    1.50   1.15    N/A
Thornton    1.61   1.61   1.20   1.18    1.54    1.54   1.20    N/A
North Gower  N/A   0.90   1.10   1.02    N/A     1.10   1.40   0.97
W O Feed                  1.94

TERMINAL
Port Colbor  N/A    N/A   1.67    N/A    N/A     N/A    1.60    N/A

PROCESSORS
Toledo FM    N/A    N/A   1.64    N/A    N/A     N/A    2.12    N/A

Toledo El. 5.01US        6.85CA         5.88US         8.05CA


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

FEED GRAINS
FOB Hm Soymeal            771.74
DDG's FOB Aylm            315.00

Blair Andrews

Editor, 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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Grain Farmers of Ontario
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