[Farmmarketnews] Monday Ontario Commodity Report

Farm Market News - Ontario Commodity Report farmmarketnews at lists.sentex.ca
Mon Feb 26 15:18:08 EST 2024


FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, February 26
(All Bases in CAD)
Exchange rate was 1.351 up 0.0009
Chicago corn closed slightly to moderately higher.

      MAR24   HI 4.07  3/4                    DEC24    HI 4.57  3/4
             LOW 3.94  1/2                            LOW 4.46
            CLOSE4.07   Up 7 1/4                    CLOSE 4.57   Up 7 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                        4.77 187.79  0.95         5.52 217.31
CK High      0.75                        4.82 189.76  1.00         5.57 219.28
CK Avg       0.73                  -0.52 4.80 188.91  0.99 -0.45   5.56 219.00
Essex Cty    0.75                        4.82 189.76  1.00         5.57 219.28
Mdsx Low     0.70                        4.77 187.79  0.95         5.52 217.31
Mdsx High    0.75                        4.82 189.76  1.00         5.57 219.28
Mdsx Avg     0.71                  -0.53 4.78 188.28  0.99 -0.46   5.56 218.79
Hensall      0.72                        4.79 188.44  1.02         5.59 219.94
Bruce        0.70                        4.77 187.79  1.00         5.57 219.28
Putnam       0.70                        4.77 187.79  1.00         5.57 219.28
Guelph       0.70                        4.77 187.79  0.95         5.52 217.31
Burford      0.70                        4.77 187.79  0.95         5.52 217.31
Port Perry   0.45                        4.52 177.94  0.80         5.37 211.41
Norfolk      0.75                        4.82 189.76  1.00         5.57 219.28
Palmerston   0.70                        4.77 187.79  1.00         5.57 219.28
Varna        0.70                        4.77 187.79  1.00         5.57 219.28
Belmore      0.70                        4.77 187.79  1.00         5.57 219.28
Trenton      0.44                        4.51 177.55  0.80         5.37 211.41
Winchester   0.79                        4.86 191.33  1.10         5.67 223.22
North Gower  0.75                        4.82 189.76  1.15         5.72 225.19
Vankleek Hil 0.72                        4.79 188.57  0.92         5.49 216.13
Huron FOB    0.76  0.73  0.78N/A         4.83 190.15N/A
Kent FOB     1.01                        5.08 199.99  1.13         5.70 224.40
Lamb FOB     0.98                        5.05 198.81N/A
Mdsx FOB     0.95  0.95  1.00  0.95      5.02 197.63  1.00         5.57 219.28
FOB SW Que   1.82                        5.89 231.88N/A
Track        1.27                        5.34 210.03N/A
PROCESSORS
Chat-Eth     1.17  1.20  1.18N/A         5.24 206.29  1.32         5.89 231.88
Jhnstwn-Eth N/A  N/A   N/A   N/A                      1.34         5.91 232.67
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                      1.45         6.02 237.00
Cardnl-Ing  N/A  N/A   N/A   N/A                      1.45         6.02 237.00
W O Feed     1.27                        5.34 210.03
max 5.0 ppm
US Rep       1.56                        5.63 221.64
Toledo El.  -0.43                        3.64 143.21 -0.54         4.03 158.64

TRANSFER
Pt. Colb    N/A                                       1.15         5.72 225.19
Prescott    N/A                                       1.33         5.90 232.27


HI SD CRN    0.75                        4.82
*Wet Bid


Exchange rate was 1.351 up 0.0009
Chicago soybeans closed narrowly mixed.

      MAR24   HI 11.42  1/4              NOV24     HI 11.34  1/4
             LOW 11.24  3/4                       LOW 11.22  3/4
            CLOSE11.36   Up 3                   CLOSE 11.29  3/4  Down  1/2

            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                         14.37 528.01  2.85        14.15 519.83
CK High     3.20                         14.56 534.99  3.00        14.30 525.34
CK Average  3.08                   -0.67 14.44 530.58  2.89 -0.79  14.19 521.46
Essex Cty   3.15                         14.51 533.15  2.95        14.25 523.51
Mdsx Low    2.94                         14.30 525.44  2.79        14.09 517.63
Mdsx High   3.05                         14.41 529.48  2.85        14.15 519.83
Mdsx Average3.02                   -0.71 14.38 528.47  2.82 -0.85  14.12 518.82
Hensall     3.05                         14.41 529.48  2.80        14.10 517.99
Bruce       3.05                         14.41 529.48  2.80        14.10 517.99
Putnam      3.05                         14.41 529.48  2.80        14.10 517.99
Guelph      2.95                         14.31 525.80  2.80        14.10 517.99
Burford     3.04                         14.40 529.11  2.89        14.19 521.30
Port Perry  2.88                         14.24 523.23  2.73        14.03 515.42
Norfolk     3.05                         14.41 529.48  2.85        14.15 519.83
Palmerston  3.05                         14.41 529.48  2.80        14.10 517.99
Varna       3.05                         14.41 529.48  2.80        14.10 517.99
Trenton     2.94                         14.30 525.44  2.80        14.10 517.99
Winchester  2.89                         14.25 523.60  2.75        14.05 516.16
North Gower 2.85                         14.21 522.13  2.85        14.15 519.83
Vankleek Hil2.92                         14.28 524.70  2.78        14.08 517.26
Huron FOB   3.12  3.17  3.14  N/A        14.48 532.05  N/A
Kent FOB    3.35                         14.71 540.50  2.85        14.15 519.83
Lambton FOB 3.24                         14.60 536.46  N/A
Mdsx FOB    3.01  3.01  3.18  3.25       14.37 528.01  2.95        14.25 523.51

PROCESSORS
Windsor     3.83                         15.19 558.14  3.45        14.75 541.88

TRANSFER
Hamilton    3.70                         15.06 553.36  3.40        14.70 540.04
Prescott     N/A                                       3.29        14.59 536.00
Port Colborn3.31                         14.67 539.03  3.50        14.80 543.72

Toledo El.  -0.41                        10.95 402.52 -0.74        10.55 387.81


Exchange rate was 1.351 up 0.0009
Chicago wheat closed slightly higher.
MAR24      HI     5.78  3/4            JUL24   HI      5.78  1/4
           LOW    5.62                         LOW        5.62
           CLOSE  5.77  1/4  Up 3 3/4          CLOSE   5.77   Up 7

Minni wheat closed slightly higher.
MAR24      HI     6.50  3/4            SEP24   HI      6.67  3/4
           LOW    6.36  1/4                    LOW     6.54  3/4
           CLOSE  6.48  1/4  Up 6 3/4          CLOSE   6.65  3/4  Up 5 1/4



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   1.13    N/A    N/A     N/A    1.15    N/A
London      1.32   1.39   1.05    N/A    1.38    1.38   1.04    N/A
Hensall     1.30   1.55   1.15   1.10    1.60    1.60   1.10   1.00
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.15    N/A
Bruce        N/A   1.45   1.15   0.95    1.45    1.45   1.10   0.95
Essex        N/A    N/A   1.13    N/A    N/A     N/A    1.10    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   1.10    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   1.13    N/A    N/A     N/A    1.10    N/A
Brigden      N/A    N/A   1.13    N/A    N/A     N/A    1.10    N/A
Palmerston   N/A   1.00   1.15   0.90    1.20    1.15   1.10    N/A
Varna       1.30   1.55   1.15    N/A    1.60    1.60   1.10    N/A
Mitchell    1.30   1.55   1.15    N/A    1.75    1.65   1.15    N/A
Thornton    1.32   1.39   1.05   0.89    1.38    1.38   1.04    N/A
North Gower  N/A   1.20   1.50   1.02    N/A     1.18   1.48   0.97
W O Feed                  1.91

TERMINAL
Port Colbor  N/A    N/A   1.79    N/A    N/A     N/A    1.51    N/A

PROCESSORS
Toledo FM    N/A    N/A    N/A    N/A    N/A     N/A    1.89    N/A

Toledo El. 5.42US        7.33CA         5.53US         7.47CA


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

FEED GRAINS
FOB Hm Soymeal            563.73
DDG's FOB Aylm            260.00

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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