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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, September 25

25 Sep 2017
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, September 25 Exchange rate was 1.235 up 0.0019 Chicago soybeans closed slightly to moderately lower. NOV17 HI 9.85 3/4 NOV18 HI 9.98 1/2 LOW 9.71 LOW 9.88 1/2 CLOSE9.71 1/4 Down 13 CLOSE 9.88 3/4 Down 9 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+NOV1+JAN18 CK Low 1.50 11.21 411.991.30 11.19 411.07 CK High 1.55 11.26 413.831.45 11.34 416.58 CK Average 1.52 -0.6211.23 412.721.35 -0.7811.24 412.97 Essex Cty 1.45 11.16 410.151.45 11.34 416.58 Mdsx Low 1.55 11.26 413.831.35 11.24 412.91 Mdsx High 1.58 11.29 414.931.37 11.26 413.64 Mdsx Average 1.57 -0.5811.28 414.381.36 -0.7711.25 413.27 Hensall 1.55 11.26 413.831.38 11.26 413.83 Bruce 1.55 11.26 413.831.35 11.24 412.91 Putnam 1.45 11.16 410.151.25 11.14 409.23 Burford 1.61 11.32 416.031.40 11.29 414.74 Port Perry 1.58 11.29 414.931.37 11.26 413.64 Norfolk 1.55 11.26 413.831.35 11.24 412.91 Palmerston 1.60 11.31 415.661.45 11.34 416.58 Varna 1.55 11.26 413.831.40 11.29 414.74 Trenton 1.55 11.26 413.831.35 11.24 412.91 Winchester 1.80 11.51 423.011.60 11.49 422.09 North Gower 1.67 11.38 418.241.37 11.26 413.64 Huron FOB 1.65 11.36 417.501.50 11.39 418.42 Kent FOB 1.50 11.21 411.991.35 11.24 412.91 Lambton FOB 1.75 11.46 421.171.55 11.44 420.26 Middlesex FOB1.82 1.82 1.88 1.84 11.53 423.75 N/A TRANSFER Prescott 2.02 11.73 431.101.72 11.61 426.50 Sarnia N/A N/A Toledo El. -0.54 9.17 336.91-0.37 9.52 349.70 Exchange rate was 1.235 up 0.0019 Chicago wheat closed slightly higher. DEC17 HI 4.54 3/4 JUL18 HI 4.98 1/2 LOW 4.44 LOW 4.89 1/4 CLOSE 4.54 Up 4 1/2 CLOSE 4.97 1/2 Up 3 1/4 Minni wheat closed moderately higher to higher. DEC17 HI 6.51 3/4 SEP18 HI 6.46 LOW 6.32 LOW 6.33 1/2 CLOSE 6.48 3/4 Up 14 CLOSE 6.46 Up 9 1/4 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.70 0.94 0.82 0.41 CAD $/bu 5.24 5.48 5.36 6.90 CAD $/tonne 192.41 201.48 196.95 253.56 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 0.45 N/A N/A N/A 0.60 N/A London 0.47 0.60 0.47 N/A 0.94 0.70 0.63 N/A Hensall 0.45 N/A 0.45 N/A 0.85 N/A 0.60 N/A Trenton N/A N/A 0.65 N/A N/A N/A 0.75 N/A Bruce 0.45 0.45 0.45 0.25 0.85 0.65 0.60 0.35 Essex N/A N/A N/A N/A N/A N/A 0.56 N/A Norwich 0.45 N/A 0.45 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 0.45 N/A 0.45 N/A 0.85 N/A 0.60 N/A Chatham N/A N/A 0.50 N/A N/A N/A 0.60 N/A Brigden N/A N/A 0.50 N/A N/A N/A 0.60 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 0.45 0.45 0.45 N/A 0.85 0.65 0.60 N/A Thornton N/A N/A N/A 0.00 N/A N/A N/A N/A North Gower N/A 0.85 0.75 0.34 N/A 0.92 0.86 0.13 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 1.31N/A N/A N/A 1.04N/A Toledo El. 4.34US 5.36CA 4.78US 5.89CA 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 0.73 0.16 CAD $/bu 5.77 5.77 5.71 6.62 CAD $/tonne 212.02 212.02 209.75 243.08 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 461.99 DDG's FOB Srn & Aylm 145.00