[Farmmarketnews] Thursday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Thu Sep 21 15:42:49 EDT 2023


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, September 21
(All Bases in CAD)
Exchange rate was 1.3451 up 0.0030
Chicago corn closed slightly lower.

      DEC23   HI 4.82  1/2                    DEC23    HI 4.82  1/2
             LOW 4.74                                 LOW 4.74
            CLOSE4.75  1/4  Down 7                  CLOSE 4.75  1/4  Down 7

            OLD CROP BASIS                          NEW CROP BASIS
Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt
ELEVATORS        +DEC23+DEC23+MAR24
CK Low       1.65                        6.40 252.06  1.05         5.80 228.43
CK High      1.65                        6.40 252.06  1.15         5.90 232.37
CK Avg       1.65                   0.01 6.40 252.06  1.11 -0.40   5.86 230.68
Essex Cty    1.65                        6.40 252.06  1.15         5.90 232.37
Mdsx Low     1.65                        6.40 252.06  1.05         5.80 228.43
Mdsx High    1.65                        6.40 252.06  1.15         5.90 232.37
Mdsx Avg     1.65                   0.01 6.40 252.06  1.10 -0.40   5.85 230.40
Hensall      1.67                        6.42 252.71  1.12         5.87 231.06
Bruce        1.65                        6.40 252.06  1.10         5.85 230.40
Putnam       1.65                        6.40 252.06  1.10         5.85 230.40
Guelph       1.60                        6.35 250.09  1.10         5.85 230.40
Burford      1.65                        6.40 252.06  1.05         5.80 228.43
Port Perry   1.45                        6.20 244.18  0.85         5.60 220.56
Norfolk      1.65                        6.40 252.06  1.15         5.90 232.37
Palmerston   1.60                        6.35 250.09  1.10         5.85 230.40
Varna        1.65                        6.40 252.06  1.10         5.85 230.40
Belmore      1.60                        6.35 250.09  1.10         5.85 230.40
Trenton      1.90                        6.65 261.90  0.85         5.60 220.56
Winchester  N/A                                       1.10         5.85 230.40
North Gower  1.65                        6.40 252.06  1.20         5.95 234.34
Vankleek Hil 2.70                        7.45 293.39  0.82         5.57 219.38
Huron FOB    1.76  1.76  1.10  1.04      6.51 256.39  1.10         5.85 230.40
Kent FOB     1.85                        6.60 259.93  1.18         5.93 233.55
Lamb FOB     1.70                        6.45 254.02  1.13         5.88 231.58
Mdsx FOB     1.80  1.00  1.00  1.05      6.55 257.96  1.00         5.75 226.47
FOB SW Que   3.35                        8.10 318.98N/A
Track        2.37                        7.12 280.20N/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                      1.75         6.50 255.99
Cardnl-Ing  N/A  N/A   N/A   N/A                    N/A
W O Feed     2.37                        7.12 280.20

US Rep       2.58                        7.33 288.67
Toledo El.  -0.81                        3.95 155.33 -0.81         3.95 155.33

TRANSFER
Pt. Colb    N/A                                       1.40         6.15 242.21
Prescott    N/A                                       1.49         6.24 245.76


HI SD CRN                                             1.15         5.90 1/4
*Wet Bid


Exchange rate was 1.3451 up 0.0030
Chicago soybeans closed moderately lower.

      NOV23   HI 13.22                   NOV23     HI 13.22
             LOW 12.93                            LOW 12.93
            CLOSE12.93  3/4  Down 26 1/4        CLOSE 12.93  3/4  Down 26 1/4

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +NOV23+NOV23+JAN24
CK Low      4.00                         16.94 622.35  3.45        16.39 602.14
CK High     4.40                         17.34 637.04  3.60        16.54 607.65
CK Average  4.20                   -0.20 17.14 629.77  3.54 -0.69  16.48 605.44
Essex Cty   4.35                         17.29 635.21  3.55        16.49 605.81
Mdsx Low    4.00                         16.94 622.35  3.50        16.44 603.97
Mdsx High   4.25                         17.19 631.53  3.56        16.50 606.18
Mdsx Average4.16                   -0.22 17.10 628.35  3.53 -0.70  16.47 604.99
Hensall     4.15                         17.09 627.86  3.55        16.49 605.81
Bruce        N/A                                       3.55        16.49 605.81
Putnam      4.00                         16.94 622.35  3.55        16.49 605.81
Guelph       N/A                                       3.57        16.51 606.55
Burford     4.32                         17.26 634.10  3.64        16.58 609.12
Port Perry  4.21                         17.15 630.06  3.53        16.47 605.08
Norfolk      N/A                                       3.55        16.49 605.81
Palmerston   N/A                                       3.50        16.44 603.97
Varna       4.30                         17.24 633.37  3.55        16.49 605.81
Trenton      N/A                                       3.50        16.44 603.97
Winchester   N/A                                       3.50        16.44 603.97
North Gower 4.50                         17.44 640.72  3.80        16.74 615.00
Vankleek Hil4.49                         17.43 640.35  3.54        16.48 605.44
Huron FOB   4.40  3.55  3.55  3.65       17.34 637.04  3.55        16.49 605.81
Kent FOB     N/A                                       3.50        16.44 603.97
Lambton FOB  N/A                                       3.60        16.54 607.65
Mdsx FOB    4.05  3.62  3.74  3.87       16.99 624.18  3.62        16.56 608.38

PROCESSORS
Windsor     3.95                         16.89 620.51  3.99        16.93 621.98

TRANSFER
Hamilton     N/A                                       4.10        17.04 626.02
Prescott     N/A                                       4.07        17.01 624.92
Port Colborn N/A                                       4.27        17.21 632.27

Toledo El.  -0.94                        12.00 440.78 -0.94        12.00 440.78


Exchange rate was 1.3451 up 0.0030
Chicago wheat closed moderately lower.
DEC23      HI     5.90  1/4            JUL24   HI         6.40
           LOW    5.75                         LOW        6.28
           CLOSE  5.75  3/4  Down 13           CLOSE   6.28  3/4  Down 10 3/4

Minni wheat closed moderately lower.
DEC23      HI     7.84  3/4            SEP24   HI         7.96
           LOW    7.66  1/4                    LOW     7.89  3/4
           CLOSE  7.67  1/2  Down 16           CLOSE   7.89  3/4  Down 14



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   0.55    N/A    N/A     N/A    0.85    N/A
London      1.29   1.29   0.55    N/A    1.44    1.34   0.80    N/A
Hensall     1.60   1.30   0.55   1.15    1.70    1.50   0.85    N/A
Trenton      N/A    N/A   0.50    N/A    N/A     N/A     N/A    N/A
Bruce       1.35   1.05   0.55   1.00    1.35    1.35   0.85    N/A
Essex        N/A    N/A   0.50    N/A    N/A     N/A    0.90    N/A
Norwich     1.65    N/A   0.55    N/A    1.75    N/A    0.85    N/A
Belmore     1.60   1.10   0.50   1.20    1.70    1.15   0.85    N/A
Kent Bridge 1.65    N/A   0.45    N/A    1.75    N/A    0.85    N/A
Chatham      N/A    N/A   0.50    N/A    N/A     N/A    0.90    N/A
Brigden      N/A    N/A   0.40    N/A    N/A     N/A    0.90    N/A
Palmerston  1.60   1.10   0.50   1.20    1.70    1.15   0.85    N/A
Varna       1.60   1.30   0.55    N/A    1.70    1.50   0.85    N/A
Mitchell    1.65   1.30   0.55    N/A    1.75    1.50   0.85    N/A
Thornton    1.29   1.29   0.55   1.10    1.44    1.34   0.80    N/A
North Gower  N/A   0.50   0.70   1.05    N/A     0.72   1.02   0.87
W O Feed                  1.29

TERMINAL
Port Colbor  N/A    N/A   1.09    N/A    N/A     N/A    1.27    N/A

PROCESSORS
Toledo FM    N/A    N/A   1.52    N/A    N/A     N/A     N/A    N/A

Toledo El. 5.21US        7.00CA         6.05US         8.13CA


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

FEED GRAINS
FOB Hm Soymeal            659.52
DDG's FOB Aylm            -



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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