Market prices and support levels
2012 Premium rates
|
Crop |
Units |
Coverage level |
|
80% |
90% |
100% |
|
Black beans |
$/lb. |
$0.0004 |
$0.0011 |
$0.0022 |
|
Canola |
$/lb. |
$0.0005 |
$0.0009 |
$0.0018 |
|
Corn (including organic and seed corn) |
$/bu. |
$0.01 |
$0.02 |
$0.04 |
|
Cranberry beans |
$/lb. |
$0.0005 |
$0.0016 |
$0.0036 |
|
Hard red winter wheat and hard white winter wheat |
$/bu |
$0.01 |
$0.02 |
$0.03 |
|
Japan/other beans |
$/lb. |
$0.0005 |
$0.0016 |
$0.0036 |
|
Kidney beans |
$/lb. |
$0.0005 |
$0.0016 |
$0.0036 |
|
Popping corn |
$/lb. |
$0.0002 |
$0.0004 |
$0.0008 |
|
Soft red winter wheat and organic winter wheat |
$/bu. |
$0.01 |
$0.02 |
$0.03 |
|
Soft white winter wheat |
$/bu. |
$0.01 |
$0.02 |
$0.03 |
|
Soybeans (includes organic, tofu and natto varieties) |
$/bu. |
$0.01 |
$0.02 |
$0.07 |
|
Spring grains |
$/lb. |
$0.0005 |
$0.0010 |
$0.0018 |
|
Spring wheat |
$/bu. |
not offered |
$0.01 |
$0.03 |
|
White beans |
$/lb. |
$0.0004 |
$0.0011 |
$0.0022 |
2012 Support levels
|
Crop |
Units |
Coverage level |
|
80% |
90% |
100% |
|
Black beans |
$/lb. |
$0.2722 |
$0.3063 |
$0.3403 |
|
Canola |
$/lb. |
$0.1927 |
$0.2168 |
$0.2409 |
|
Corn (including organic and seed corn) |
$/bu. |
$3.92 |
$4.41 |
$4.90 |
|
Cranberry beans |
$/lb. |
$0.3197 |
$0.3596 |
$0.3996 |
|
Hard red winter wheat and hard white winter wheat |
$/bu |
$4.30 |
$4.84 |
$5.38 |
|
Japan/other beans |
$/lb. |
$0.3197 |
$0.3596 |
$0.3996 |
|
Kidney beans |
$/lb. |
$0.3197 |
$0.3596 |
$0.3996 |
|
Popping corn |
$/lb. |
$0.1750 |
$0.1969 |
$0.2187 |
|
Soft red winter wheat and organic winter wheat |
$/bu. |
$4.14 |
$4.66 |
$5.18 |
|
Soft white winter wheat |
$/bu. |
$4.22 |
$4.75 |
$5.28 |
|
Soybeans (includes organic, tofu and natto varieties) |
$/bu. |
$8.82 |
$9.92 |
$11.02 |
|
Spring grains |
$/lb. |
$0.0743 |
$0.0836 |
$0.0929 |
|
Spring wheat |
$/bu. |
not offered |
$6.09 |
$6.77 |
|
White beans |
$/lb. |
$0.2722 |
$0.3063 |
$0.3403 |
The support level for organic winter wheat is based on the value for soft red winter wheat. The support level for hard white winter wheat is based on hard red winter white. The support levels for seed corn, popping corn and organic corn are based on the value for grain corn.
2011 Pre-harvest market prices
|
Crop |
Units |
Market price |
Support level (100%) |
|
Black beans |
$/lb. |
$0.3700 |
$0.3514 |
|
Canola |
$/lb. |
$0.2389 |
$0.2482 |
|
Corn and seed corn |
$/bu. |
$6.19 |
$5.03 |
|
Cranberry beans |
$/lb. |
$0.4661 |
$0.4002 |
|
Hard red winter wheat |
$/bu. |
$7.30 |
$5.64 |
|
Hard white winter wheat |
$/bu. |
$7.30 |
$5.64 |
|
Japan/other beans |
$/lb. |
$0.4401 |
$0.4002 |
|
Kidney beans |
$/lb. |
$0.4956 |
$0.4002 |
|
Organic corn |
$/bu. |
$6.19 |
$5.03 |
|
Organic winter wheat |
$/bu. |
$6.49 |
$5.44 |
|
Popping corn |
$/lb. |
$0.2763 |
$0.2246 |
|
Soft red winter wheat |
$/bu. |
$6.49 |
$5.44 |
|
Soft white winter wheat |
$/bu. |
$7.03 |
$5.54 |
|
Soybeans (includes organic, tofu and natto varieties) |
$/bu. |
$12.31 |
$11.64 |
|
Spring grain |
$/lb. |
$0.0767 |
$0.0979 |
| Spring wheat |
$/bu. |
$8.42 |
$7.11 |
| White beans |
$/lb. |
$0.3760 |
$0.3514 |
Payment periods and price sources
For each eligible grain and oilseed crop, two payments are calculated for each crop year:
- The pre-harvest payment is based on the average of future delivery prices or forward contract prices for six months prior to harvest.
- The post-harvest payment is based on the average of cash or spot prices for six months during and after harvest.
|
Crop |
Pre-harvest pricing period |
Post-harvest pricing period |
Source of forward contract and harvest spot prices |
|
Black beans |
March – August |
September – February |
Average of monthly prices for delivery at a cross-section of Ontario elevators |
|
Canola |
January – June |
July – December |
Average of monthly prices for delivery at a cross-section of Ontario elevators |
|
Corn |
April – September |
October – March |
Daily averages for Chatham delivery |
|
Cranberry beans |
March – August |
September – February |
Average of monthly prices for delivery at a cross-section of Ontario elevators |
|
Hard red winter wheat |
January – June |
July – December |
Daily delivery prices are used to determine a weighted average price from the following locations: Grain Farmers of Ontario Terminal (25% weight), private terminals (25% weight) and country elevators (50% weight). |
| Hard white winter wheat |
January – June |
July – December |
Daily delivery prices are used to determine a weighted average price from the following locations: Grain Farmers of Ontario Terminal (25% weight), private terminals (25% weight) and country elevators (50% weight). |
|
Japan/other beans |
March – August |
September – February |
Average of monthly prices for delivery at a cross-section of Ontario elevators |
|
Kidney beans |
March – August |
September – February |
Average of monthly prices for delivery at a cross-section of Ontario elevators |
| Organic corn |
April – September |
October – March |
Daily averages for Chatham delivery. |
|
Organic winter wheat |
January – June |
July – December |
Daily delivery prices are used to determine a weighted average price from the following locations: Grain Farmers of Ontario Terminal (25% weight), private terminals (25% weight) and country elevators (50% weight). |
|
Soft red winter wheat |
January – June |
July – December |
Daily delivery prices are used to determine a weighted average price from the following locations: Grain Farmers of Ontario Terminal (25% weight), private terminals (25% weight) and country elevators (50% weight). |
|
Soft white winter wheat |
January – June |
July – December |
Daily delivery prices are used to determine a weighted average price from the following locations: Grain Farmers of Ontario Terminal (25% weight), private terminals (25% weight) and country elevators (50% weight). |
|
Soybeans (incl. organic, tofu and natto varieties) |
April – September |
October – March |
Daily averages for Chatham delivery |
|
Spring grain |
February – July |
August – January |
Average of monthly prices for delivery at a cross-section of Ontario elevators of barley (75% weight) and oats (25% weight) |
|
Spring wheat |
January – June |
July – December |
Daily averages for Grain Farmers of Ontario Terminal delivery of red spring wheat |
|
White beans |
March – August |
September – February |
Average of monthly prices for delivery at a cross-section of Ontario elevators |
Note: There may be days when the price source doesn’t offer bids or forward contracts. These days will be omitted from the actual market prices.
The market price for organic winter wheat is based on the value for soft red winter wheat. The market price for hard white winter wheat is based on the value for hard red winter wheat. The market price for organic corn is based on the value for grain corn. For popping corn the market price is two and a half times the price of grain corn.