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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, October 25

25 Oct 2017
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, October 25 Exchange rate was 1.2801 up 0.0123 Chicago soybeans closed narrowly mixed. NOV17 HI 9.83 1/4 NOV18 HI 10.04 LOW 9.75 1/4 LOW 9.96 1/2 CLOSE9.75 1/2 Unchanged CLOSE 9.96 3/4 Down 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+JAN1+JAN18 CK Low 1.80 11.56 424.571.80 11.77 432.38 CK High 1.95 11.71 430.091.90 11.87 436.06 CK Average 1.88 -0.6611.64 427.641.85 -0.7211.82 434.22 Essex Cty 1.75 11.51 422.741.80 11.77 432.38 Mdsx Low 1.85 11.61 426.411.85 11.82 434.22 Mdsx High 1.95 11.71 430.091.85 11.82 434.22 Mdsx Average 1.90 -0.6511.66 428.251.85 -0.7211.82 434.22 Hensall 1.95 11.71 430.091.83 11.79 433.30 Bruce 1.90 11.66 428.251.80 11.77 432.38 Putnam 1.95 11.71 430.091.85 11.82 434.22 Burford 1.92 11.68 428.981.92 11.89 436.79 Port Perry 1.82 11.58 425.311.82 11.79 433.12 Norfolk 2.00 11.76 431.921.95 11.92 437.89 Palmerston 1.90 11.66 428.251.80 11.77 432.38 Varna 1.95 11.71 430.091.80 11.77 432.38 Trenton 1.90 11.66 428.251.90 11.87 436.06 Winchester 1.90 11.66 428.251.80 11.77 432.38 North Gower 1.84 11.60 426.041.68 11.65 427.97 Huron FOB 2.05 11.81 433.761.90 11.87 436.06 Kent FOB 1.90 11.66 428.251.90 11.87 436.06 Lambton FOB 2.10 11.86 435.602.00 11.97 439.73 Middlesex FOB1.99 1.99 2.02 2.07 11.75 431.551.91 11.88 436.42 TRANSFER Prescott N/A N/A Sarnia N/A N/A Toledo El. -0.51 9.24 339.62-0.38 9.58 352.15 Exchange rate was 1.2801 up 0.0123 Chicago wheat closed slightly lower. DEC17 HI 4.43 JUL18 HI 4.86 1/4 LOW 4.33 3/4 LOW 4.79 CLOSE 4.35 1/2 Down 2 1/2 CLOSE 4.81 1/4 Down 3/4 Minni wheat closed slightly higher. DEC17 HI 6.24 3/4 SEP18 HI 6.40 LOW 6.17 LOW 6.34 CLOSE 6.21 1/2 Up 1 3/4 CLOSE 6.37 1/2 Up 1 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.84 1.09 0.96 0.59 CAD $/bu 5.19 5.45 5.32 6.80 CAD $/tonne 190.73 200.13 195.43 249.99 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 0.75 N/A N/A N/A 0.70 N/A London 0.58 0.70 0.70 N/A 0.94 0.88 0.63 N/A Hensall 0.80 N/A 0.80 N/A 0.90 N/A 0.70 N/A Trenton N/A N/A 0.65 N/A N/A N/A 0.80 N/A Bruce 0.80 0.60 0.70 0.10 0.90 0.65 0.70 0.35 Essex N/A N/A N/A N/A N/A N/A 0.82 N/A Norwich 0.80 N/A 0.80 N/A 0.90 N/A 0.70 N/A Port Hope N/A 0.75 0.75 N/A N/A 0.70 0.70 N/A Kent Bridge 0.80 N/A 0.80 N/A 0.90 N/A 0.70 N/A Chatham N/A N/A 0.75 N/A N/A N/A 0.65 N/A Brigden N/A N/A 0.75 N/A N/A N/A 0.65 N/A Palmerston N/A 0.60 0.70 0.25 N/A 0.65 0.70 0.35 Varna 1.00 0.70 0.70 N/A 0.85 0.65 0.65 N/A Mitchell 0.80 0.80 0.80 N/A 0.90 0.70 0.70 N/A Thornton N/A N/A N/A 0.24 N/A N/A N/A N/A North Gower N/A 0.80 0.75 0.35 N/A 0.96 0.86 0.15 W O Feed 1.40 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 1.41N/A N/A N/A 1.34N/A Toledo El. 4.28US 5.47CA 4.61US 5.90CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.96 0.96 0.89 0.37 CAD $/bu 5.77 5.77 5.70 6.74 CAD $/tonne 211.93 211.93 209.58 247.74 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 459.01 DDG's FOB Srn & Aylm 145.00