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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, September 20

20 Sep 2017
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, September 20 Exchange rate was 1.2347 up 0.0086 Chicago soybeans closed slightly higher. NOV17 HI 9.74 NOV17 HI 9.74 LOW 9.64 3/4 LOW 9.64 3/4 CLOSE9.70 Up 4 1/2 CLOSE 9.70 Up 4 1/2 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 11.05 406.021.35 11.05 406.02 CK High 1.50 11.20 411.531.50 11.20 411.53 CK Average 1.43 -0.6811.13 409.081.43 -0.7011.13 409.08 Essex Cty 1.35 11.05 406.021.35 11.05 406.02 Mdsx Low 1.45 11.15 409.691.45 11.15 409.69 Mdsx High 1.45 11.15 409.691.51 11.21 411.90 Mdsx Average 1.45 -0.6711.15 409.691.48 -0.6611.18 410.79 Hensall 1.45 11.15 409.691.45 11.15 409.69 Bruce N/A 1.45 11.15 409.69 Putnam 1.45 11.15 409.691.35 11.05 406.02 Burford N/A 1.55 11.25 413.37 Port Perry N/A 1.51 11.21 411.90 Norfolk 1.50 11.20 411.531.50 11.20 411.53 Palmerston 1.45 11.15 409.691.45 11.15 409.69 Varna 1.45 11.15 409.691.45 11.15 409.69 Trenton N/A 1.45 11.15 409.69 Winchester N/A 1.60 11.30 415.20 North Gower N/A 1.65 11.35 417.04 Huron FOB 1.55 11.25 413.371.55 11.25 413.37 Kent FOB N/A 1.45 11.15 409.69 Lambton FOB 1.55 11.25 413.371.55 11.25 413.37 Middlesex FOB N/A N/A N/A N/A N/A PROCESSORS Hamilton N/A N/A N/A N/A N/A N/A N/A N/A TRANSFER Prescott 1.64 11.34 416.671.88 11.58 425.49 Sarnia N/A N/A Toledo El. N/A -0.54 9.16 336.42 Exchange rate was 1.2347 up 0.0086 Chicago wheat closed moderately higher. DEC17 HI 4.50 3/4 JUL18 HI 4.95 1/4 LOW 4.42 3/4 LOW 4.88 1/4 CLOSE 4.49 3/4 Up 6 3/4 CLOSE 4.94 1/2 Up 5 1/4 Minni wheat closed slightly higher. DEC17 HI 6.26 1/4 SEP18 HI 6.32 LOW 6.14 1/2 LOW 6.27 1/2 CLOSE 6.21 1/2 Up 4 1/4 CLOSE 6.29 1/2 Up 1 1/4 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.69 0.93 0.81 0.35 CAD $/bu 5.18 5.43 5.31 6.56 CAD $/tonne 190.43 199.51 194.97 241.13 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 0.45 N/A N/A N/A 0.60 N/A London 0.44 0.56 0.44 N/A 0.90 0.66 0.60 N/A Hensall 0.40 N/A 0.40 N/A 0.85 N/A 0.60 N/A Trenton N/A N/A 0.65 N/A N/A N/A 0.70 N/A Bruce 0.40 0.45 0.40 0.25 0.85 0.65 0.60 0.35 Essex N/A N/A N/A N/A N/A N/A 0.52 N/A Norwich 0.40 N/A 0.40 N/A 0.85 N/A 0.60 N/A Port Hope N/A 0.65 0.60 N/A N/A 0.65 0.70 N/A Kent Bridge 0.40 N/A 0.40 N/A 0.85 N/A 0.60 N/A Chatham N/A N/A 0.45 N/A N/A N/A 0.55 N/A Brigden N/A N/A 0.45 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 0.75 0.45 0.45 N/A 0.80 0.60 0.60 N/A Mitchell 0.40 0.40 0.40 N/A 0.85 0.65 0.60 N/A Thornton N/A N/A N/A 0.19 N/A N/A N/A N/A North Gower N/A 0.90 0.77 0.25 N/A 0.85 0.79 0.05 W O Feed 1.04 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 1.30N/A N/A N/A 1.05N/A Toledo El. 4.30US 5.31CA 4.75US 5.87CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.80 0.80 0.74 0.13 CAD $/bu 5.74 5.74 5.68 6.42 CAD $/tonne 211.06 211.06 208.79 236.05 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 457.80 DDG's FOB Srn & Aylm 145.00