FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, May 16
(All Bases in CAD)
Bank of Canada Noon exchange rate was 1.0102 up 0.0073
Chicago corn closed moderately higher to higher.
JUL12 HI 6.20 3/4 DEC12 HI 5.28
LOW 5.90 3/4 LOW 5.07 1/4
CLOSE6.20 Up 22 3/4 CLOSE 5.26 1/4 Up 11 3/4
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt
ELEVATORS +JUL12+SEP12+SEP12
CK Low -0.35 5.85 230.30 -0.70 4.56 179.62
CK High -0.20 6.00 236.21 -0.65 4.61 181.59
CK Avg -0.23 -0.30 5.98 235.23 -0.66 -0.73 4.60 181.06
Essex Cty -0.25 5.95 234.24 -0.65 4.61 181.59
Mdsx Low -0.20 6.00 236.21 -0.70 4.56 179.62
Mdsx High -0.20 6.00 236.21 -0.65 4.61 181.59
Mdsx Avg -0.20 -0.28 6.00 236.21 -0.68 -0.74 4.59 180.60
Hensall -0.25 5.95 234.24 -0.63 4.64 182.57
Bruce -0.20 6.00 236.21 -0.65 4.61 181.59
Putnam -0.20 6.00 236.21 -0.65 4.61 181.59
Burford -0.20 6.00 236.21 -0.70 4.56 179.62
Port Perry -0.20 6.00 236.21 -0.70 4.56 179.62
Norfolk -0.20 6.00 236.21 -0.68 4.58 180.41
Palmerston -0.45 5.75 226.37 -0.75 4.51 177.65
Varna -0.40 5.80 228.34 -0.65 4.61 181.59
Trenton -0.20 6.00 236.21 -0.70 4.56 179.62
Winchester 0.00 6.20 244.08 -0.55 4.71 185.52
North Gower -0.20 6.00 236.21 -0.75 4.51 177.65
Huron FOB -0.25 5.95 234.24 -0.55 4.71 185.52
Kent FOB -0.20 6.00 236.21 -0.68 4.58 180.41
Lamb FOB -0.20 6.00 236.21 -0.68 4.58 180.41
Mdsx FOB -0.20 -0.15N/A N/A 6.00 236.21 -0.70 4.56 179.62
FOB SW Que -0.40 5.80 228.34 -0.25 5.01 197.33
Track 0.10 6.30 248.02N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A -0.60 4.66 183.55
Jhnstwn-Eth N/A N/A N/A N/A -0.40 4.86 191.43
Aylmer-Eth -0.40 -0.35 0.50 0.55 5.80 228.34 -0.60 4.66 183.55
Sarn-Eth N/A -0.15 0.65 0.70 N/A
Cllngwd-Eth -0.10N/A N/A N/A 6.10 240.15-0.30* 4.96 195.36
London-Cas N/A N/A 0.80 0.85 -0.50 4.76 187.49
Pt.Colb-Cas N/A N/A 0.85 0.90 -0.45 4.81 189.46
Cardnl-Cas N/A 0.25 1.10 1.15 -0.45 4.81 189.46
W O Feed 0.08 0.07 6.28 247.39
US Rep 0.70 0.69 6.90 271.64
Toledo El. 0.32 6.52 256.84 -0.33 4.93 194.02
TRANSFER
Sarnia N/A N/A
Pt. Stanley N/A N/A
Hamilton -0.23 5.97235 -0.36 4.90193
MID SD CRN -0.67 1/2 4.58 3/4
HI SD CRN -0.65 4.61 1/4
*Wet Bid
Bank of Canada Noon exchange rate was 1.0102 up 0.0073
Chicago soybeans closed mixed.
JUL12 HI 14.23 NOV12 HI 13.10
LOW 13.86 1/4 LOW 12.82 1/4
CLOSE14.22 Up 9 CLOSE 13.02 1/4 Down 2 3/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt
ELEVATORS +JUL1+JUL1+NOV12
CK Low -0.70 13.52 496.77-0.65 12.37 454.61
CK High -0.54 13.68 502.65-0.60 12.42 456.45
CK Average -0.59 -0.7613.63 500.88-0.62-0.7712.41 455.90
Essex Cty -0.36 13.86 509.27-0.38 12.64 464.53
Mdsx Low -0.60 13.62 500.45-0.60 12.42 456.45
Mdsx High -0.55 13.67 502.29-0.60 12.42 456.45
Mdsx Average -0.58 -0.7513.65 501.37-0.60-0.7612.42 456.45
Hensall -0.58 13.64 501.09-0.58 12.45 457.37
Bruce -0.55 13.67 502.29-0.60 12.42 456.45
Putnam -0.60 13.62 500.45-0.60 12.42 456.45
Burford -0.60 13.62 500.45-0.60 12.42 456.45
Port Perry -0.63 13.59 499.35-0.63 12.39 455.35
Norfolk -0.50 13.72 504.12-0.60 12.42 456.45
Palmerston -0.65 13.57 498.61-0.65 12.37 454.61
Varna -0.75 13.47 494.94-0.70 12.32 452.77
Trenton -0.65 13.57 498.61-0.60 12.42 456.45
Winchester -0.70 13.52 496.77-0.45 12.57 461.96
North Gower -0.79 13.43 493.47-0.73 12.29 451.67
Huron FOB -0.50 13.72 504.12-0.45 12.57 461.96
Kent FOB -0.54 13.68 502.65-0.65 12.37 454.61
Lambton FOB -0.54 13.68 502.65-0.65 12.37 454.61
Middlesex FOB-0.46-0.41-0.36 N/A 13.76 505.59-0.39 12.63 464.16
PROCESSORS
Hamilton -0.10-0.050.05 0.30 14.12 518.82-0.10 12.92 474.82
Windsor -0.13-0.11-0.10 N/A 14.09 517.72-0.15 12.87 472.98
Winchester -0.50 13.72 504.12-0.40 12.62 463.80
TRANSFER
Hamilton -0.10 N/A N/A N/A 14.12 518.820.00 13.02 478.49
Pt. Stanley N/A N/A
Sarnia N/A N/A
Owen Sound N/A N/A
Sorel QC 0.05 14.27 524.330.30 13.32 489.52
Toledo El. -0.24 13.98 513.57-0.28 12.74 468.08
Bank of Canada Noon exchange rate was 1.0102 up 0.0073
Chicago wheat closed higher.
JUL12 HI 6.39 3/4 JUL12 HI 6.39 3/4
LOW 6.04 LOW 6.04
CLOSE 6.38 3/4 Up 30 1/4 CLOSE 6.38 3/4 Up 30 1/4
Minni wheat closed slightly to moderately higher.
JUL12 HI 7.66 3/4 SEP12 HI 7.63 1/4
LOW 7.47 3/4 LOW 7.43 1/2
CLOSE 7.60 Up 9 1/2 CLOSE 7.55 1/2 Up 10 1/2
GFO Cash Wheat Prices - DEL Terminal
Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis -0.12 0.63 -0.07 -0.31
CAD $/bu 6.26 7.02 6.31 7.29
CAD $/tonne 230.14 258.03 232.00 267.80
Direct MarkHarvest 2011 Harvest 2012
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 N/A N/A N/A 0.25 -0.40 N/A
London -0.41 0.15 -0.41 N/A 0.06 0.23 -0.50 N/A
Hensall -0.50 N/A -0.50 N/A 0.10 N/A -0.40 N/A
Trenton N/A N/A N/A N/A N/A N/A -0.55 N/A
Winchester N/A N/A N/A N/A N/A N/A N/A -0.38
Essex N/A N/A -0.48 N/A N/A N/A -0.42 N/A
Norwich -0.50 N/A -0.50 N/A 0.10 N/A -0.40 N/A
Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A
Kent Bridge -0.50 N/A -0.50 N/A 0.10 N/A -0.50 N/A
Chatham N/A N/A -0.45 N/A N/A 0.28 -0.45 N/A
Brigden N/A N/A -0.45 N/A N/A 0.28 -0.45 N/A
Palmerston N/A 0.31 -0.50 -0.30 N/A 0.35 -0.45 -0.65
Varna -0.10 0.45 -0.50 N/A 0.00 0.45 -0.50 N/A
Mitchell -0.50 0.05 -0.50 N/A 0.10 0.30 -0.40 N/A
Thornton N/A N/A N/A -0.60 N/A N/A N/A N/A
North Gower N/A N/A N/A N/A N/A N/A N/A -0.39
TERMINAL
Sarnia N/A N/A N/A N/A N/A N/A N/A N/A
Hamilton N/A N/A -0.05 N/A N/A N/A -0.05 N/A
Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A
PROCESSORS
Toledo FM N/A N/A 0.18N/A 0.63 1.15 0.33N/A
Toledo El. 6.33US 6.41CA 6.41US 6.49CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 0.23 0.79 -0.02 -0.36
CAD $/bu 6.62 7.17 6.36 7.19
CAD $/tonne 243.15 263.61 233.86 264.26
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
Bayport Wheat 325.00
Bayport Oats 315.00
Bayport Barley 320.00
FOB Hm Soymeal 485.03 - 490.54
DDG's FOB Srn, Wndr, Aylm 215.00 - 245.00