[Farmmarketnews] Monday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Mon Apr 29 15:43:50 EDT 2024


Note: Now using the July future for old crop corn, soybeans and wheat.
Thanks.


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, April 29
(All Bases in CAD)
Exchange rate was 1.3648 down 0.0004
Chicago corn closed slightly lower.

      JUL24   HI 4.51  1/4                    DEC24    HI 4.74  1/2
             LOW 4.45  1/2                            LOW 4.69  1/4
            CLOSE4.49  1/4  Down  3/4               CLOSE 4.72  3/4  Down  3/4

            OLD CROP BASIS                          NEW CROP BASIS
Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt
ELEVATORS        +JUL24+JUL24+SEP24
CK Low       0.60                        5.09 200.48  1.05         5.78 227.45
CK High      0.65                        5.14 202.45  1.05         5.78 227.45
CK Avg       0.63                  -0.74 5.12 201.61  1.05 -0.49   5.78 227.45
Essex Cty    0.65                        5.14 202.45  1.05         5.78 227.45
Mdsx Low     0.60                        5.09 200.48  1.05         5.78 227.45
Mdsx High    0.65                        5.14 202.45  1.05         5.78 227.45
Mdsx Avg     0.63                  -0.74 5.12 201.47  1.05 -0.49   5.78 227.45
Hensall      0.65                        5.14 202.45  1.07         5.79 228.11
Bruce        0.60                        5.09 200.48  1.05         5.78 227.45
Putnam       0.60                        5.09 200.48  1.05         5.78 227.45
Guelph       0.55                        5.04 198.51  1.00         5.73 225.48
Burford      0.65                        5.14 202.45  1.05         5.78 227.45
Port Perry   0.30                        4.79 188.67  0.80         5.53 217.61
Norfolk      0.65                        5.14 202.45  1.05         5.78 227.45
Palmerston   0.65                        5.14 202.45  1.05         5.78 227.45
Varna        0.65                        5.14 202.45  1.05         5.78 227.45
Belmore      0.65                        5.14 202.45  1.05         5.78 227.45
Trenton      0.45                        4.94 194.58  0.85         5.58 219.58
Winchester  N/A                                       1.16         5.89 231.78
North Gower  0.65                        5.14 202.45  1.05         5.78 227.45
Vankleek Hil 0.95                        5.44 214.26  1.03         5.76 226.66
Huron FOB    0.73  0.84  0.89N/A         5.22 205.60N/A
Kent FOB    N/A                                       1.20         5.93 233.36
Lamb FOB    N/A                                     N/A
Mdsx FOB    N/A    0.95  0.95  1.00                   1.15         5.88 231.39
FOB SW Que   1.36                        5.85 230.40N/A
Track        1.32                        5.81 228.75N/A
PROCESSORS
Chat-Eth    N/A  N/A   N/A     1.28                   1.37         6.10 240.05
Jhnstwn-Eth N/A  N/A   N/A   N/A                      1.43         6.16 242.41
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                      1.50         6.23 245.17
Cardnl-Ing  N/A  N/A   N/A   N/A                      1.55         6.28 247.13
W O Feed     1.32                        5.82 228.93
max 5.0 ppm
US Rep       1.60                        6.09 239.85
Toledo El.  -0.52                        3.97 156.44 -0.55         4.18 164.62

TRANSFER
Pt. Colb    N/A                                       1.05         5.78 227.45
Prescott    N/A                                       1.47         6.20 243.98


HI SD CRN    0.65                        5.14 1/4     1.05         5.77 3/4
*Wet Bid


Exchange rate was 1.3648 down 0.0004
Chicago soybeans closed slightly higher.

      JUL24   HI 11.90  1/4              NOV24     HI 11.83  3/4
             LOW 11.75                            LOW 11.71
            CLOSE11.82   Up 4 3/4               CLOSE 11.78   Up 3 1/4

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +JUL24+JUL24+JUL24
CK Low      3.20                         15.02 551.89  3.20        14.98 550.42
CK High     3.35                         15.17 557.40  3.35        15.13 555.93
CK Average  3.30                   -0.74 15.12 555.51  3.24 -0.78  15.02 551.73
Essex Cty   3.35                         15.17 557.40  3.25        15.03 552.26
Mdsx Low    3.15                         14.97 550.05  3.13        14.91 547.85
Mdsx High   3.30                         15.12 555.56  3.20        14.98 550.42
Mdsx Average3.22                   -0.80 15.04 552.53  3.18 -0.82  14.96 549.78
Hensall     3.18                         15.00 551.28  3.17        14.95 549.20
Bruce       3.20                         15.02 551.89  3.15        14.93 548.58
Putnam      3.15                         14.97 550.05  3.20        14.98 550.42
Guelph      3.11                         14.93 548.58  3.13        14.91 547.85
Burford     3.32                         15.14 556.30  3.23        15.01 551.52
Port Perry  3.16                         14.98 550.42  3.07        14.85 545.64
Norfolk     3.30                         15.12 555.56  3.20        14.98 550.42
Palmerston  3.20                         15.02 551.89  3.15        14.93 548.58
Varna       3.20                         15.02 551.89  3.15        14.93 548.58
Trenton     3.00                         14.82 544.54  3.15        14.93 548.58
Winchester  3.04                         14.86 546.01  3.24        15.02 551.89
North Gower 2.63                         14.45 530.95  2.85        14.63 537.56
Vankleek Hil3.15                         14.97 550.05  2.91        14.69 539.77
Huron FOB   3.47  3.40  3.44  N/A        15.29 561.81  N/A
Kent FOB    3.55                         15.37 564.75  3.20        14.98 550.42
Lambton FOB 3.61                         15.43 566.96  N/A
Mdsx FOB     N/A  3.34  3.48  3.61                     3.28        15.06 553.36

PROCESSORS
Windsor     4.10                         15.92 584.96  3.78        15.56 571.73

TRANSFER
Hamilton    3.75                         15.57 572.10  3.75        15.53 570.63
Prescott     N/A                                       3.61        15.39 565.49
Port Colborn N/A                                       N/A

Toledo El.  -0.55                        11.27 414.25 -0.75        11.03 405.26


Exchange rate was 1.3648 down 0.0004
Chicago wheat closed slightly to moderately lower.
JUL24      HI     6.23  1/2            JUL24   HI      6.23  1/2
           LOW    6.02  1/2                    LOW     6.02  1/2
           CLOSE  6.08  1/2  Down 13 3/4       CLOSE   6.08  1/2  Down 13 3/4

Minni wheat closed slightly higher.
JUL24      HI        7.09              SEP24   HI      7.15  3/4
           LOW    6.90  1/2                    LOW        6.97
           CLOSE  7.07  3/4  Up 4 1/4          CLOSE   7.14   Up 4



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   1.30    N/A    N/A     N/A    1.30    N/A
London      1.33   1.81   1.21    N/A    1.92    1.99   1.31    N/A
Hensall     1.40   1.75   1.30   1.25    1.75    1.75   1.30   1.15
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.40    N/A
Bruce        N/A   1.70   1.30    N/A    1.60    1.70   1.30   0.95
Essex        N/A    N/A   1.30    N/A    N/A     N/A    1.30    N/A
Norwich      N/A    N/A   1.30    N/A    1.85    N/A    1.30    N/A
Belmore      N/A   1.00   1.30   1.13    1.30    1.40   1.30    N/A
Kent Bridge  N/A    N/A   1.30    N/A    1.85    N/A    1.30    N/A
Chatham      N/A    N/A   1.30    N/A    N/A     N/A    1.30    N/A
Brigden      N/A    N/A   1.30    N/A    N/A     N/A    1.30    N/A
Palmerston   N/A   1.00   1.30   1.13    1.30    1.40   1.30    N/A
Varna       1.40   1.75   1.30    N/A    1.75    1.75   1.30    N/A
Mitchell     N/A    N/A   1.30    N/A    1.85    1.80   1.30    N/A
Thornton    1.33   1.81   1.21   1.41    1.92    1.99   1.31    N/A
North Gower  N/A   1.10   1.39   1.06    N/A     1.21   1.51   0.97
W O Feed                  2.12

TERMINAL
Port Colbor  N/A    N/A   1.87    N/A    N/A     N/A    1.85    N/A

PROCESSORS
Toledo FM    N/A    N/A   1.63    N/A    N/A     N/A    2.08    N/A

Toledo El. 5.51US        7.51CA         5.89US         8.03CA


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

FEED GRAINS
FOB Hm Soymeal            575.75
DDG's FOB Aylm            255.00



Blair Andrews

Editor, Farm Market News

University of Guelph, Ridgetown Campus



Email:fmnc at uoguelph.ca

Tel. 519-674-1500 x 63577

Click on this link: farmmarketnews-unsubscribe at list.gfo.ca  to unsubscribe from this report.
This Farm Market News product is sponsored by:
Grain Farmers of Ontario
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FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, April 29
(All Bases in CAD)
Exchange rate was 1.3648 down 0.0004
Chicago corn closed slightly lower.

      JUL24   HI 4.51  1/4                    DEC24    HI 4.74  1/2
             LOW 4.45  1/2                            LOW 4.69  1/4
            CLOSE4.49  1/4  Down  3/4               CLOSE 4.72  3/4  Down  3/4

            OLD CROP BASIS                          NEW CROP BASIS
Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt
ELEVATORS        +JUL24+JUL24+SEP24
CK Low       0.60                        5.09 200.48  1.05         5.78 227.45
CK High      0.65                        5.14 202.45  1.05         5.78 227.45
CK Avg       0.63                  -0.74 5.12 201.61  1.05 -0.49   5.78 227.45
Essex Cty    0.65                        5.14 202.45  1.05         5.78 227.45
Mdsx Low     0.60                        5.09 200.48  1.05         5.78 227.45
Mdsx High    0.65                        5.14 202.45  1.05         5.78 227.45
Mdsx Avg     0.63                  -0.74 5.12 201.47  1.05 -0.49   5.78 227.45
Hensall      0.65                        5.14 202.45  1.07         5.79 228.11
Bruce        0.60                        5.09 200.48  1.05         5.78 227.45
Putnam       0.60                        5.09 200.48  1.05         5.78 227.45
Guelph       0.55                        5.04 198.51  1.00         5.73 225.48
Burford      0.65                        5.14 202.45  1.05         5.78 227.45
Port Perry   0.30                        4.79 188.67  0.80         5.53 217.61
Norfolk      0.65                        5.14 202.45  1.05         5.78 227.45
Palmerston   0.65                        5.14 202.45  1.05         5.78 227.45
Varna        0.65                        5.14 202.45  1.05         5.78 227.45
Belmore      0.65                        5.14 202.45  1.05         5.78 227.45
Trenton      0.45                        4.94 194.58  0.85         5.58 219.58
Winchester  N/A                                       1.16         5.89 231.78
North Gower  0.65                        5.14 202.45  1.05         5.78 227.45
Vankleek Hil 0.95                        5.44 214.26  1.03         5.76 226.66
Huron FOB    0.73  0.84  0.89N/A         5.22 205.60N/A
Kent FOB    N/A                                       1.20         5.93 233.36
Lamb FOB    N/A                                     N/A
Mdsx FOB    N/A    0.95  0.95  1.00                   1.15         5.88 231.39
FOB SW Que   1.36                        5.85 230.40N/A
Track        1.32                        5.81 228.75N/A
PROCESSORS
Chat-Eth    N/A  N/A   N/A     1.28                   1.37         6.10 240.05
Jhnstwn-Eth N/A  N/A   N/A   N/A                      1.43         6.16 242.41
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                      1.50         6.23 245.17
Cardnl-Ing  N/A  N/A   N/A   N/A                      1.55         6.28 247.13
W O Feed     1.32                        5.82 228.93
max 5.0 ppm
US Rep       1.60                        6.09 239.85
Toledo El.  -0.52                        3.97 156.44 -0.55         4.18 164.62

TRANSFER
Pt. Colb    N/A                                       1.05         5.78 227.45
Prescott    N/A                                       1.47         6.20 243.98


HI SD CRN    0.65                        5.14 1/4     1.05         5.77 3/4
*Wet Bid


Exchange rate was 1.3648 down 0.0004
Chicago soybeans closed slightly higher.

      JUL24   HI 11.90  1/4              NOV24     HI 11.83  3/4
             LOW 11.75                            LOW 11.71
            CLOSE11.82   Up 4 3/4               CLOSE 11.78   Up 3 1/4

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +JUL24+JUL24+JUL24
CK Low      3.20                         15.02 551.89  3.20        14.98 550.42
CK High     3.35                         15.17 557.40  3.35        15.13 555.93
CK Average  3.30                   -0.74 15.12 555.51  3.24 -0.78  15.02 551.73
Essex Cty   3.35                         15.17 557.40  3.25        15.03 552.26
Mdsx Low    3.15                         14.97 550.05  3.13        14.91 547.85
Mdsx High   3.30                         15.12 555.56  3.20        14.98 550.42
Mdsx Average3.22                   -0.80 15.04 552.53  3.18 -0.82  14.96 549.78
Hensall     3.18                         15.00 551.28  3.17        14.95 549.20
Bruce       3.20                         15.02 551.89  3.15        14.93 548.58
Putnam      3.15                         14.97 550.05  3.20        14.98 550.42
Guelph      3.11                         14.93 548.58  3.13        14.91 547.85
Burford     3.32                         15.14 556.30  3.23        15.01 551.52
Port Perry  3.16                         14.98 550.42  3.07        14.85 545.64
Norfolk     3.30                         15.12 555.56  3.20        14.98 550.42
Palmerston  3.20                         15.02 551.89  3.15        14.93 548.58
Varna       3.20                         15.02 551.89  3.15        14.93 548.58
Trenton     3.00                         14.82 544.54  3.15        14.93 548.58
Winchester  3.04                         14.86 546.01  3.24        15.02 551.89
North Gower 2.63                         14.45 530.95  2.85        14.63 537.56
Vankleek Hil3.15                         14.97 550.05  2.91        14.69 539.77
Huron FOB   3.47  3.40  3.44  N/A        15.29 561.81  N/A
Kent FOB    3.55                         15.37 564.75  3.20        14.98 550.42
Lambton FOB 3.61                         15.43 566.96  N/A
Mdsx FOB     N/A  3.34  3.48  3.61                     3.28        15.06 553.36

PROCESSORS
Windsor     4.10                         15.92 584.96  3.78        15.56 571.73

TRANSFER
Hamilton    3.75                         15.57 572.10  3.75        15.53 570.63
Prescott     N/A                                       3.61        15.39 565.49
Port Colborn N/A                                       N/A

Toledo El.  -0.55                        11.27 414.25 -0.75        11.03 405.26


Exchange rate was 1.3648 down 0.0004
Chicago wheat closed slightly to moderately lower.
JUL24      HI     6.23  1/2            JUL24   HI      6.23  1/2
           LOW    6.02  1/2                    LOW     6.02  1/2
           CLOSE  6.08  1/2  Down 13 3/4       CLOSE   6.08  1/2  Down 13 3/4

Minni wheat closed slightly higher.
JUL24      HI        7.09              SEP24   HI      7.15  3/4
           LOW    6.90  1/2                    LOW        6.97
           CLOSE  7.07  3/4  Up 4 1/4          CLOSE   7.14   Up 4



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   1.30    N/A    N/A     N/A    1.30    N/A
London      1.33   1.81   1.21    N/A    1.92    1.99   1.31    N/A
Hensall     1.40   1.75   1.30   1.25    1.75    1.75   1.30   1.15
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.40    N/A
Bruce        N/A   1.70   1.30    N/A    1.60    1.70   1.30   0.95
Essex        N/A    N/A   1.30    N/A    N/A     N/A    1.30    N/A
Norwich      N/A    N/A   1.30    N/A    1.85    N/A    1.30    N/A
Belmore      N/A   1.00   1.30   1.13    1.30    1.40   1.30    N/A
Kent Bridge  N/A    N/A   1.30    N/A    1.85    N/A    1.30    N/A
Chatham      N/A    N/A   1.30    N/A    N/A     N/A    1.30    N/A
Brigden      N/A    N/A   1.30    N/A    N/A     N/A    1.30    N/A
Palmerston   N/A   1.00   1.30   1.13    1.30    1.40   1.30    N/A
Varna       1.40   1.75   1.30    N/A    1.75    1.75   1.30    N/A
Mitchell     N/A    N/A   1.30    N/A    1.85    1.80   1.30    N/A
Thornton    1.33   1.81   1.21   1.41    1.92    1.99   1.31    N/A
North Gower  N/A   1.10   1.39   1.06    N/A     1.21   1.51   0.97
W O Feed                  2.12

TERMINAL
Port Colbor  N/A    N/A   1.87    N/A    N/A     N/A    1.85    N/A

PROCESSORS
Toledo FM    N/A    N/A   1.63    N/A    N/A     N/A    2.08    N/A

Toledo El. 5.51US        7.51CA         5.89US         8.03CA


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

FEED GRAINS
FOB Hm Soymeal            575.75
DDG's FOB Aylm            255.00


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