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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, August 31

31 Aug 2017
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, August 31 Exchange rate was 1.2496 down 0.0124 Chicago soybeans closed moderately higher. NOV17 HI 9.48 3/4 NOV17 HI 9.48 3/4 LOW 9.32 1/4 LOW 9.32 1/4 CLOSE9.45 1/4 Up 12 CLOSE 9.45 1/4 Up 12 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV17 CK Low 1.90 11.35 417.131.55 11.00 404.27 CK High 2.00 11.45 420.811.65 11.10 407.95 CK Average 1.95 -0.3311.40 419.031.60 -0.6111.05 405.99 Essex Cty 1.95 11.40 418.971.55 11.00 404.27 Mdsx Low 1.97 11.42 419.711.64 11.09 407.58 Mdsx High 2.00 11.45 420.811.65 11.10 407.95 Mdsx Average 1.99 -0.3011.44 420.261.65 -0.5711.10 407.76 Hensall 1.98 11.43 419.891.68 11.13 408.87 Bruce 2.00 11.45 420.811.65 11.10 407.95 Putnam 1.96 11.41 419.341.80 11.25 413.46 Burford 2.01 11.46 421.171.68 11.13 409.05 Port Perry 1.97 11.42 419.711.64 11.09 407.58 Norfolk 1.95 11.40 418.971.65 11.10 407.95 Palmerston N/A 1.65 11.10 407.95 Varna 1.86 11.31 415.661.70 11.15 409.78 Trenton 1.80 11.25 413.461.70 11.15 409.78 Winchester 1.65 11.10 407.951.62 11.07 406.84 North Gower 1.80 11.25 413.461.90 11.35 417.13 Huron FOB 2.10 11.55 424.481.80 11.25 413.46 Kent FOB 2.00 11.45 420.811.60 11.05 406.11 Lambton FOB 2.10 11.55 424.481.75 11.20 411.62 Middlesex FOB2.14 2.14 N/A N/A 11.59 425.951.81 11.26 413.83 PROCESSORS Hamilton 2.48 2.29 2.16 2.22 11.93 438.442.16 11.61 426.69 N/A N/A N/A TRANSFER Prescott 1.81 11.26 413.832.06 11.51 423.01 Sarnia N/A N/A Toledo El. -0.25 9.20 338.14-0.60 8.85 325.28 Exchange rate was 1.2496 down 0.0124 Chicago wheat closed slightly higher. DEC17 HI 4.37 3/4 JUL18 HI 4.84 LOW 4.28 1/2 LOW 4.77 1/2 CLOSE 4.34 1/2 Up 4 3/4 CLOSE 4.83 1/2 Up 5 Minni wheat closed slightly lower to lower. DEC17 HI 6.53 1/4 SEP18 HI 6.28 LOW 6.34 LOW 6.23 1/4 CLOSE 6.40 1/2 Down 15 1/4 CLOSE 6.26 Down 2 1/4 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.40 0.58 0.52 -0.08 CAD $/bu 4.74 4.93 4.87 6.33 CAD $/tonne 174.25 181.14 178.84 232.56 Direct MarkHarvest 2017 Harvest 2018 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 0.35 N/A N/A N/A 0.60 N/A London 0.53 0.65 0.40 N/A 0.83 0.64 0.58 N/A Hensall 0.40 N/A 0.35 N/A 0.85 N/A 0.60 N/A Trenton N/A N/A 0.80 N/A N/A N/A 0.80 N/A Bruce 0.50 0.45 0.35 0.05 0.85 0.65 0.60 0.35 Essex N/A N/A 0.43 N/A N/A N/A 0.66 N/A Norwich 0.40 N/A 0.35 N/A 0.85 N/A 0.60 N/A Port Hope N/A 0.75 0.60 N/A N/A 0.65 0.70 N/A Kent Bridge 0.40 N/A 0.35 N/A 0.85 N/A 0.60 N/A Chatham N/A N/A 0.35 N/A N/A N/A 0.60 N/A Brigden N/A N/A 0.35 N/A N/A N/A 0.60 N/A Palmerston N/A 0.41 0.35 0.03 N/A 0.65 0.60 0.35 Varna 0.65 0.45 0.35 N/A 0.85 0.65 0.60 N/A Mitchell 0.40 0.40 0.35 N/A 0.85 0.65 0.60 N/A Thornton N/A N/A N/A -0.02 N/A N/A N/A N/A North Gower N/A 0.62 0.56 0.03 N/A 0.88 0.88 0.24 W O Feed 1.09 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A 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 1.08N/A N/A N/A N/A N/A Toledo El. 4.15US 5.18CA 4.64US 5.79CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.71 0.71 0.71 0.19 CAD $/bu 5.54 5.54 5.54 6.45 CAD $/tonne 203.62 203.62 203.62 236.91 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 450.30 DDG's FOB Srn & Aylm 140.00 - 145.00