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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, June 14

14 Jun 2017
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, June 14 Exchange rate was 1.324 up 0.0011 Chicago soybeans closed narrowly mixed. JUL17 HI 9.39 NOV17 HI 9.45 1/4 LOW 9.31 LOW 9.37 1/2 CLOSE9.31 3/4 Down 3/4 CLOSE 9.39 Unchanged OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+AUG1+NOV17 CK Low 2.43 11.75 431.652.05 11.44 420.35 CK High 2.50 11.82 434.222.15 11.54 424.02 CK Average 2.45 -0.4311.77 432.442.11 -0.7111.50 422.37 Essex Cty 2.50 11.82 434.222.10 11.49 422.19 Mdsx Low 2.43 11.75 431.652.08 11.47 421.45 Mdsx High 2.50 11.82 434.222.15 11.54 424.02 Mdsx Average 2.47 -0.4211.78 432.932.12 -0.7011.51 422.74 Hensall 2.50 11.82 434.222.15 11.54 424.02 Bruce 2.50 11.82 434.222.15 11.54 424.02 Putnam 2.80 12.12 445.242.45 11.84 435.05 Burford 2.50 11.82 434.222.15 11.54 424.02 Port Perry 2.43 11.75 431.652.08 11.47 421.45 Norfolk 2.48 11.80 433.482.15 11.54 424.02 Palmerston 2.50 11.82 434.222.15 11.54 424.02 Varna 2.50 11.82 434.222.15 11.54 424.02 Trenton 2.55 11.87 436.062.40 11.79 433.21 Winchester 2.40 11.72 430.542.70 12.09 444.23 North Gower 2.36 11.68 429.072.48 11.87 436.15 Huron FOB 2.65 11.97 439.732.25 11.64 427.70 Kent FOB 2.58 11.90 437.162.10 11.49 422.19 Lambton FOB 2.60 11.92 437.892.35 11.74 431.37 Middlesex FOB2.67 2.67 N/A N/A 11.99 440.472.31 11.70 429.90 PROCESSORS Hamilton 3.00 2.92 2.86 N/A 12.32 452.592.66 12.05 442.76 N/A N/A N/A TRANSFER Prescott 2.52 11.84 434.952.66 12.05 442.76 Sarnia 2.17 11.49 422.092.44 11.83 434.68 Toledo El. -0.20 9.12 335.06-0.60 8.79 323.13 Exchange rate was 1.324 up 0.0011 Chicago wheat closed slightly lower. JUL17 HI 4.52 1/4 JUL17 HI 4.52 1/4 LOW 4.41 3/4 LOW 4.41 3/4 CLOSE 4.43 Down 2 CLOSE 4.43 Down 2 Minni wheat closed slightly lower to steady. JUL17 HI 6.45 3/4 SEP17 HI 6.51 1/2 LOW 6.23 1/4 LOW 6.30 1/2 CLOSE 6.27 1/2 Down 1/2 CLOSE 6.34 1/2 Unchanged GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.51 0.51 0.51 0.38 CAD $/bu 4.94 4.94 4.94 6.65 CAD $/tonne 181.46 181.46 181.46 244.46 Direct MarkHarvest 2016 Harvest 2017 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 0.85 N/A N/A N/A 0.90 N/A London 0.77 0.70 0.83 N/A 1.03 0.90 0.90 N/A Hensall 0.95 N/A 0.85 N/A 1.10 N/A 0.90 N/A Trenton N/A N/A N/A N/A N/A N/A 1.05 N/A Bruce 0.95 0.75 0.85 N/A 1.10 0.90 0.90 0.38 Essex N/A N/A 0.73 N/A N/A N/A 0.73 N/A Norwich 0.95 N/A 0.85 N/A 1.10 N/A 0.90 N/A Port Hope N/A N/A 0.90 N/A N/A 0.95 1.00 N/A Kent Bridge 0.95 N/A 0.85 N/A 1.10 N/A 0.90 N/A Chatham N/A N/A 0.80 N/A N/A N/A 0.85 N/A Brigden N/A N/A 0.80 N/A N/A N/A 0.85 N/A Palmerston N/A 0.75 0.90 N/A N/A 0.90 0.90 0.38 Varna 0.90 0.85 0.80 N/A 1.15 0.85 0.85 N/A Mitchell 0.95 0.85 0.85 N/A 1.10 0.90 0.90 N/A Thornton N/A N/A N/A -0.09 N/A N/A N/A N/A North Gower N/A 0.41 0.41 0.17 N/A 1.21 1.21 0.56 W O Feed 1.53 TERMINAL Sarnia 1.31 N/A 1.20 N/A 1.31 N/A 1.22 N/A Prescott N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM N/A N/A 1.37N/A N/A N/A 1.37N/A Toledo El. 4.33US 5.73CA 4.33US 5.73CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.24 1.17 1.17 0.67 CAD $/bu 5.67 5.60 5.60 7.01 CAD $/tonne 208.21 205.78 205.78 257.59 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 442.92 DDG's FOB Srn & Aylm 175.00 - 180.00