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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, September 15

15 Sep 2017
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, September 15 Exchange rate was 1.2184 down 0.0006 Chicago soybeans closed slightly lower. NOV17 HI 9.77 3/4 NOV17 HI 9.77 3/4 LOW 9.67 1/4 LOW 9.67 1/4 CLOSE9.68 3/4 Down 7 1/4 CLOSE 9.68 3/4 Down 7 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+NOV1+JAN18 CK Low 1.35 11.04 405.561.25 10.94 401.88 CK High 1.55 11.24 412.911.55 11.24 412.91 CK Average 1.44 -0.5611.12 408.741.37 -0.5911.05 406.17 Essex Cty 1.35 11.04 405.561.35 11.04 405.56 Mdsx Low 1.45 11.14 409.231.35 11.04 405.56 Mdsx High 1.48 11.17 410.341.41 11.10 407.76 Mdsx Average 1.47 -0.5311.15 409.781.38 -0.5811.07 406.66 Hensall 1.48 11.16 410.151.35 11.04 405.56 Bruce 1.45 11.14 409.231.35 11.04 405.56 Putnam 1.45 11.14 409.231.35 11.04 405.56 Burford 1.52 11.21 411.811.45 11.14 409.23 Port Perry 1.48 11.17 410.341.41 11.10 407.76 Norfolk 1.40 11.09 407.401.40 11.09 407.40 Palmerston 1.45 11.14 409.231.45 11.14 409.23 Varna 1.50 11.19 411.071.35 11.04 405.56 Trenton N/A 1.40 11.09 407.40 Winchester N/A 1.56 11.25 413.27 North Gower N/A 1.52 11.21 411.81 Huron FOB 1.60 11.29 414.741.45 11.14 409.23 Kent FOB N/A 1.35 11.04 405.56 Lambton FOB 1.65 11.34 416.581.45 11.14 409.23 Middlesex FOB1.77 1.58 1.58 1.66 11.46 420.991.58 11.27 414.01 PROCESSORS Hamilton 2.07 1.89 1.89 1.97 11.76 432.011.89 11.58 425.40 N/A N/A N/A TRANSFER Prescott 1.64 11.33 416.211.88 11.57 425.03 Sarnia N/A N/A Toledo El. N/A -0.58 9.10 334.53 Exchange rate was 1.2184 down 0.0006 Chicago wheat closed slightly to moderately higher. DEC17 HI 4.50 1/4 JUL18 HI 4.93 3/4 LOW 4.40 3/4 LOW 4.86 1/2 CLOSE 4.49 Up 6 CLOSE 4.92 1/4 Up 4 Minni wheat closed slightly lower to lower. DEC17 HI 6.32 1/2 SEP18 HI 6.30 LOW 6.21 LOW 6.27 CLOSE 6.21 1/2 Down 11 CLOSE 6.30 Down 3 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.62 0.86 0.74 0.26 CAD $/bu 5.11 5.35 5.23 6.48 CAD $/tonne 187.58 196.53 192.06 237.94 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 0.39 0.51 0.39 N/A 0.84 0.60 0.54 N/A Hensall 0.40 N/A 0.35 N/A 0.85 N/A 0.60 N/A Trenton N/A N/A 0.60 N/A N/A N/A 0.70 N/A Bruce 0.40 0.45 0.35 0.25 0.85 0.65 0.60 0.35 Essex N/A N/A N/A N/A N/A N/A 0.49 N/A Norwich 0.40 N/A 0.35 N/A 0.85 N/A 0.60 N/A Port Hope N/A 0.65 0.55 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 0.40 N/A N/A N/A 0.55 N/A Brigden N/A N/A 0.40 N/A N/A N/A 0.55 N/A Palmerston N/A 0.45 0.35 0.25 N/A 0.65 0.45 0.35 Varna 0.65 0.45 0.35 N/A 0.80 0.60 0.55 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 0.13 N/A N/A N/A N/A North Gower N/A 0.60 0.54 0.04 N/A 0.84 0.78 0.05 W O Feed 1.06 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 1.10N/A N/A N/A N/A N/A Toledo El. 4.29US 5.23CA 4.72US 5.74CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.69 0.69 0.63 0.02 CAD $/bu 5.62 5.62 5.55 6.32 CAD $/tonne 206.33 206.33 204.09 232.10 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 459.67 DDG's FOB Srn & Aylm 145.00