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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, October 13

13 Oct 2017
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, October 13 Exchange rate was 1.2478 up 0.0025 Chicago soybeans closed steady to slightly higher. NOV17 HI 10.03 1/4 NOV18 HI 10.13 LOW 9.90 1/4 LOW 10.03 CLOSE10.00 1/4 Up 8 1/4 CLOSE 10.10 1/2 Up 4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+JAN1+JAN18 CK Low 1.75 11.75 431.831.60 11.71 430.09 CK High 1.80 11.80 433.671.65 11.76 431.92 CK Average 1.77 -0.5711.78 432.691.62 -0.7211.72 430.76 Essex Cty 1.75 11.75 431.831.60 11.71 430.09 Mdsx Low 1.77 11.77 432.571.60 11.71 430.09 Mdsx High 1.80 11.80 433.671.61 11.72 430.45 Mdsx Average 1.79 -0.5611.79 433.121.61 -0.7311.71 430.27 Hensall 1.80 11.80 433.671.60 11.71 430.09 Bruce 1.75 11.75 431.831.60 11.71 430.09 Putnam 1.65 11.65 428.161.45 11.56 424.57 Burford 1.84 11.84 435.141.68 11.79 433.02 Port Perry 1.74 11.74 431.461.58 11.69 429.35 Norfolk 1.87 11.87 436.241.70 11.81 433.76 Palmerston 1.80 11.80 433.671.60 11.71 430.09 Varna 1.80 11.80 433.671.60 11.71 430.09 Trenton 1.75 11.75 431.831.60 11.71 430.09 Winchester 1.80 11.80 433.671.60 11.71 430.09 North Gower 1.84 11.84 435.141.65 11.76 431.92 Huron FOB 1.90 11.90 437.341.70 11.81 433.76 Kent FOB 1.77 11.77 432.571.65 11.76 431.92 Lambton FOB 1.85 11.85 435.501.80 11.91 437.43 Middlesex FOB1.89 1.95 1.95 2.09 11.89 436.971.72 11.83 434.49 TRANSFER Prescott N/A N/A Sarnia N/A N/A Toledo El. -0.55 9.45 347.36-0.37 9.73 357.52 Exchange rate was 1.2478 up 0.0025 Chicago wheat closed moderately higher. DEC17 HI 4.40 3/4 JUL18 HI 4.85 1/4 LOW 4.30 1/2 LOW 4.75 CLOSE 4.39 1/2 Up 9 CLOSE 4.84 1/4 Up 9 Minni wheat closed slightly higher. DEC17 HI 6.15 3/4 SEP18 HI 6.33 1/4 LOW 6.09 1/2 LOW 6.30 CLOSE 6.15 Up 3 3/4 CLOSE 6.33 1/4 Up 4 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.71 0.96 0.84 0.40 CAD $/bu 5.11 5.36 5.23 6.55 CAD $/tonne 187.75 196.92 192.34 240.71 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 0.60 N/A N/A N/A 0.60 N/A London 0.50 0.62 0.56 N/A 0.85 0.79 0.54 N/A Hensall 0.60 N/A 0.60 N/A 0.85 N/A 0.60 N/A Trenton N/A N/A 0.65 N/A N/A N/A 0.80 N/A Bruce 0.60 0.60 0.60 0.25 0.85 0.65 0.60 0.35 Essex N/A N/A N/A N/A N/A N/A 0.65 N/A Norwich 0.60 N/A 0.60 N/A 0.85 N/A 0.60 N/A Port Hope N/A 0.70 0.70 N/A N/A 0.65 0.70 N/A Kent Bridge 0.60 N/A 0.60 N/A 0.85 N/A 0.60 N/A Chatham N/A N/A 0.60 N/A N/A N/A 0.60 N/A Brigden N/A N/A 0.60 N/A N/A N/A 0.60 N/A Palmerston N/A 0.60 0.60 0.25 N/A 0.65 0.60 0.35 Varna 0.90 0.60 0.60 N/A 0.80 0.60 0.60 N/A Mitchell 0.60 0.60 0.60 N/A 0.85 0.65 0.60 N/A Thornton N/A N/A N/A 0.23 N/A N/A N/A N/A North Gower N/A 0.75 0.75 0.35 N/A 0.86 0.81 0.10 W O Feed 1.35 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 1.28N/A N/A N/A 1.08N/A Toledo El. 4.32US 5.38CA 4.64US 5.80CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.83 0.83 0.77 0.21 CAD $/bu 5.68 5.68 5.61 6.54 CAD $/tonne 208.56 208.56 206.26 240.24 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 474.66 DDG's FOB Srn & Aylm 145.00