Weekly Soybean Prices and Basis Averages for Ontario Markets

Weekly spot market and forward contract soybean price data for Ontario includes CBOT prices, cash prices, basis values, and spreads. Statistics are compiled by the Ontario Ministry of Agriculture, Food and Agribusiness in cooperation with Statistics Canada. The dataset was last updated in March 2026.

Use Cases

• Model the relationship between old crop and new crop cash prices using the cash price spread column.
• Analyze historical basis volatility by comparing weekly unadjusted basis values against the 5-year and 10-year average for soybean basis.
• Forecast local cash prices by regressing new crop cash price on old and new crop Chicago Board of Trade (CBOT) prices.
• Assess currency impact on local prices by incorporating the Canadian dollar value field into pricing models.

Strengths

• Includes multiple derived metrics like cash price spread, CBOT price spread, and long-term basis averages (5-year, 10-year).
• Data is produced by official government bodies (Ontario Ministry, Statistics Canada) ensuring authoritative sourcing.
• Regular updates are indicated by a recent last updated date of March 2026.

Limitations

• Unknown row count and temporal coverage limits assessment of historical depth and sample size.
• Geographic scope is limited to Ontario, Canada, reducing applicability for broader North American analysis.
• Specific file formats (XLSX, HTML) may require specific tools for programmatic access and parsing.

Provenance

Source

Government of Ontario, Ministry of Agriculture, Food and Agribusiness, in cooperation with Statistics Canada.

Collection Method

Compiled by Statistics and Economics staff from spot market and forward contract data, in cooperation with various government departments and farm marketing boards.

Freshness

Updated weekly, with a platform record last updated in March 2026.

Geography

Ontario, Canada