[Farmmarketnews] Wednesday Ontario Commodity Report
Farm Market News - Ontario Commodity Report
farmmarketnews at lists.sentex.ca
Wed Feb 7 15:14:52 EST 2024
FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 7
(All Bases in CAD)
Exchange rate was 1.3461 down 0.0021
Chicago corn closed slightly lower.
MAR24 HI 4.39 1/4 DEC24 HI 4.77 1/2
LOW 4.32 3/4 LOW 4.72 3/4
CLOSE4.34 1/4 Down 4 1/2 CLOSE 4.73 3/4 Down 3 1/2
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +MAY24+MAY24+JUL24
CK Low 0.70 5.04 198.51 1.00 5.74 225.88
CK High 0.70 5.04 198.51 1.00 5.74 225.88
CK Avg 0.70 -0.60 5.04 198.51 1.00 -0.48 5.74 225.88
Essex Cty 0.70 5.04 198.51 1.00 5.74 225.88
Mdsx Low 0.70 5.04 198.51 1.00 5.74 225.88
Mdsx High 0.70 5.04 198.51 1.00 5.74 225.88
Mdsx Avg 0.70 -0.60 5.04 198.51 1.00 -0.48 5.74 225.88
Hensall 0.72 5.06 199.17 1.02 5.75 226.53
Bruce 0.70 5.04 198.51 1.00 5.74 225.88
Putnam 0.70 5.04 198.51 1.00 5.74 225.88
Guelph 0.70 5.04 198.51 0.95 5.69 223.91
Burford 0.70 5.04 198.51 1.00 5.74 225.88
Port Perry 0.45 4.79 188.67 0.80 5.54 218.00
Norfolk 0.70 5.04 198.51 1.00 5.74 225.88
Palmerston 0.70 5.04 198.51 1.00 5.74 225.88
Varna 0.70 5.04 198.51 1.00 5.74 225.88
Belmore 0.70 5.04 198.51 1.00 5.74 225.88
Trenton 0.45 4.79 188.67 0.85 5.59 219.97
Winchester 0.80 5.14 202.45 1.10 5.84 229.81
North Gower 0.75 5.09 200.48 1.15 5.89 231.78
Vankleek Hil 1.11 5.45 214.66 1.01 5.75 226.27
Huron FOB 0.84 0.80 0.86N/A 5.18 204.03N/A
Kent FOB 1.00 5.34 210.32 1.10 5.84 229.81
Lamb FOB 1.09 5.43 213.87N/A
Mdsx FOB 1.00 0.95 1.00 1.00 5.34 210.32 1.00 5.74 225.88
FOB SW Que 1.39 5.73 225.68N/A
Track 1.30 5.64 221.94N/A
PROCESSORS
Chat-Eth N/A 1.23 1.33N/A 1.44 6.18 243.20
Jhnstwn-Eth N/A N/A N/A N/A 1.47 6.21 244.38
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 6.24 245.56
Cardnl-Ing N/A N/A N/A N/A 1.60 6.34 249.50
W O Feed 1.30 5.64 221.94
max 5.0 ppm
US Rep 1.64 5.98 235.52
Toledo El. -0.36 3.98 156.65 -0.54 4.20 165.31
TRANSFER
Pt. Colb N/A 1.15 5.89 231.78
Prescott N/A 1.45 6.19 243.59
HI SD CRN 0.70 5.04 1/4
*Wet Bid
Exchange rate was 1.3461 down 0.0021
Chicago soybeans closed slightly lower.
MAR24 HI 12.02 NOV24 HI 11.79 3/4
LOW 11.79 1/4 LOW 11.62
CLOSE11.89 Down 10 1/2 CLOSE 11.70 3/4 Down 6 3/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +MAR24+MAY24+MAY24
CK Low 3.01 14.90 547.48 2.92 14.63 537.47
CK High 3.25 15.14 556.30 3.15 14.86 545.92
CK Average 3.13 -0.73 15.02 551.89 3.00 -0.78 14.70 540.25
Essex Cty 3.20 15.09 554.46 3.05 14.76 542.25
Mdsx Low 2.94 14.83 544.91 2.85 14.56 534.90
Mdsx High 3.10 14.99 550.79 2.95 14.66 538.57
Mdsx Average3.06 -0.78 14.95 549.32 2.93 -0.84 14.63 537.65
Hensall 3.10 14.99 550.79 2.87 14.57 535.51
Bruce 3.10 14.99 550.79 2.85 14.56 534.90
Putnam 3.10 14.99 550.79 2.95 14.66 538.57
Guelph 3.10 14.99 550.79 2.90 14.61 536.73
Burford 3.04 14.93 548.58 2.95 14.66 538.57
Port Perry 2.88 14.77 542.70 2.79 14.50 532.69
Norfolk 3.10 14.99 550.79 2.95 14.66 538.57
Palmerston 3.10 14.99 550.79 2.85 14.56 534.90
Varna 3.10 14.99 550.79 2.85 14.56 534.90
Trenton 3.05 14.94 548.95 2.90 14.61 536.73
Winchester 2.35 14.24 523.23 2.91 14.62 537.10
North Gower 2.85 14.74 541.60 2.85 14.56 534.90
Vankleek Hil3.05 14.94 548.95 2.76 14.47 531.59
Huron FOB 3.29 3.36 3.39 N/A 15.18 557.77 N/A
Kent FOB 3.45 15.34 563.65 2.95 14.66 538.57
Lambton FOB 3.48 15.37 564.75 N/A
Mdsx FOB 3.26 3.33 3.36 3.42 15.15 556.67 3.01 14.72 540.78
PROCESSORS
Windsor 3.92 15.81 580.92 3.55 15.26 560.62
TRANSFER
Hamilton 3.90 15.79 580.18 3.50 15.21 558.78
Prescott N/A 3.47 15.18 557.68
Port Colborn3.42 15.31 562.55 3.49 15.20 558.41
Toledo El. -0.40 11.49 422.04 -0.74 10.97 402.97
Exchange rate was 1.3461 down 0.0021
Chicago wheat closed slightly higher.
MAR24 HI 6.06 3/4 JUL24 HI 6.14 1/2
LOW 5.90 3/4 LOW 6.01
CLOSE 6.02 Up 7 CLOSE 6.10 1/2 Up 4 3/4
Minni wheat closed slightly higher.
MAR24 HI 6.97 1/2 SEP24 HI 7.06 3/4
LOW 6.90 3/4 LOW 7.01 3/4
CLOSE 6.96 1/4 Up 3 CLOSE 7.06 1/2 Up 1 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 1.20 N/A
London 1.38 1.45 1.11 N/A 1.34 1.48 1.14 N/A
Hensall 1.30 1.55 1.15 1.10 1.65 1.65 1.15 1.05
Trenton N/A N/A N/A N/A N/A N/A 1.20 N/A
Bruce N/A 1.45 1.15 0.95 1.45 1.45 1.15 0.85
Essex N/A N/A 1.15 N/A N/A N/A 1.15 N/A
Norwich 1.30 N/A 1.15 N/A 1.75 N/A 1.15 N/A
Belmore N/A 1.00 1.15 0.90 1.20 1.15 1.15 N/A
Kent Bridge 1.30 N/A 1.15 N/A 1.75 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 N/A 1.00 1.15 0.90 1.20 1.15 1.15 N/A
Varna 1.30 1.55 1.15 N/A 1.65 1.65 1.15 N/A
Mitchell 1.30 1.55 1.15 N/A 1.75 1.65 1.15 N/A
Thornton 1.38 1.45 1.11 1.05 1.34 1.48 1.14 N/A
North Gower N/A 1.00 1.30 0.87 N/A 1.19 1.49 0.97
W O Feed 1.99
TERMINAL
Port Colbor N/A N/A 1.85 N/A N/A N/A 1.61 N/A
PROCESSORS
Toledo FM N/A N/A N/A N/A N/A N/A 1.98 N/A
Toledo El. 5.47US 7.36CA 5.87US 7.89CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 580.05
DDG's FOB Aylm 270.00
Blair Andrews
Editor, Farm Market News
University of Guelph, Ridgetown Campus
Email:fmnc at uoguelph.ca
Tel. 519-674-1500 x 63577
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This Farm Market News product is sponsored by:
Grain Farmers of Ontario
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