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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, October 27

27 Oct 2017
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, October 27 Exchange rate was 1.2849 up 0.0010 Chicago soybeans closed slightly higher. NOV17 HI 9.76 1/2 NOV18 HI 9.98 LOW 9.69 3/4 LOW 9.93 CLOSE9.75 1/4 Up 4 CLOSE 9.97 1/4 Up 3 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+JAN1+JAN18 CK Low 1.90 11.65 428.161.90 11.87 436.24 CK High 2.05 11.80 433.672.05 12.02 441.75 CK Average 2.01 -0.6011.76 432.012.02 -0.6411.99 440.65 Essex Cty 1.85 11.60 426.321.85 11.82 434.40 Mdsx Low 2.03 11.78 432.932.02 11.99 440.65 Mdsx High 2.10 11.85 435.502.05 12.02 441.75 Mdsx Average 2.07 -0.5611.82 434.222.04 -0.6212.01 441.20 Hensall 2.10 11.85 435.502.05 12.02 441.75 Bruce 2.05 11.80 433.672.05 12.02 441.75 Putnam 1.95 11.70 429.991.85 11.82 434.40 Burford 2.10 11.85 435.502.09 12.06 443.22 Port Perry 2.00 11.75 431.831.99 11.96 439.55 Norfolk 2.10 11.85 435.502.10 12.07 443.59 Palmerston 1.95 11.70 429.991.90 11.87 436.24 Varna 2.10 11.85 435.502.05 12.02 441.75 Trenton 2.05 11.80 433.672.05 12.02 441.75 Winchester 2.07 11.82 434.402.00 11.97 439.91 North Gower 1.86 11.61 426.691.80 11.77 432.57 Huron FOB 2.20 11.95 439.182.15 12.12 445.43 Kent FOB 2.00 11.75 431.832.05 12.02 441.75 Lambton FOB 2.10 11.85 435.502.15 12.12 445.43 Middlesex FOB2.12 2.19 2.22 2.26 11.87 436.242.11 12.08 443.96 TRANSFER Prescott N/A N/A Sarnia N/A N/A Toledo El. -0.51 9.24 339.46-0.39 9.59 352.27 Exchange rate was 1.2849 up 0.0010 Chicago wheat closed slightly lower. DEC17 HI 4.31 1/4 JUL18 HI 4.77 1/2 LOW 4.24 3/4 LOW 4.70 3/4 CLOSE 4.27 1/4 Down 4 1/2 CLOSE 4.74 Down 4 1/2 Minni wheat closed slightly lower. DEC17 HI 6.20 1/2 SEP18 HI 6.37 LOW 6.15 1/4 LOW 6.31 1/4 CLOSE 6.17 Down 3 1/2 CLOSE 6.33 Down 4 1/4 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.83 1.09 0.96 0.60 CAD $/bu 5.10 5.36 5.23 6.77 CAD $/tonne 187.55 197.00 192.28 248.81 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 0.80 N/A N/A N/A 0.70 N/A London 0.79 0.85 0.79 N/A 1.04 0.98 0.72 N/A Hensall 0.85 N/A 0.85 N/A 0.95 N/A 0.75 N/A Trenton N/A N/A 0.75 N/A N/A N/A 0.90 N/A Bruce 0.85 0.85 0.85 0.10 0.95 0.70 0.75 0.35 Essex N/A N/A N/A N/A N/A N/A 0.82 N/A Norwich 0.85 N/A 0.85 N/A 0.95 N/A 0.75 N/A Port Hope N/A 0.85 0.85 N/A N/A 0.75 0.75 N/A Kent Bridge 0.85 N/A 0.85 N/A 0.95 N/A 0.75 N/A Chatham N/A N/A 0.85 N/A N/A N/A 0.75 N/A Brigden N/A N/A 0.85 N/A N/A N/A 0.75 N/A Palmerston N/A 0.60 0.70 0.25 N/A 0.65 0.70 0.35 Varna 1.20 0.90 0.90 N/A 0.95 0.75 0.75 N/A Mitchell 0.85 0.85 0.85 N/A 0.95 0.75 0.75 N/A Thornton N/A N/A N/A 0.31 N/A N/A N/A N/A North Gower N/A 0.75 0.75 0.45 N/A 0.91 0.91 0.25 W O Feed 1.44 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 1.35N/A Toledo El. 4.19US 5.39CA 4.54US 5.83CA 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 0.90 0.39 CAD $/bu 5.70 5.70 5.64 6.72 CAD $/tonne 209.55 209.55 207.19 246.83 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 452.07 DDG's FOB Srn & Aylm 140.00 - 145.00