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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, October 31

31 Oct 2017
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, October 31 Exchange rate was 1.2892 up 0.0059 Chicago soybeans closed narrowly mixed. JAN18 HI 9.88 1/2 NOV18 HI 9.99 3/4 LOW 9.82 LOW 9.94 1/4 CLOSE9.84 3/4 Up 1/4 CLOSE 9.96 1/4 Down 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JAN1+JAN1+JAN18 CK Low 1.90 11.75 431.652.00 11.96 439.55 CK High 2.00 11.85 435.322.10 12.06 443.22 CK Average 1.96 -0.6911.81 433.912.06 -0.6312.02 441.75 Essex Cty 1.80 11.65 427.972.00 11.96 439.55 Mdsx Low 1.97 11.82 434.222.01 11.97 439.91 Mdsx High 2.05 11.90 437.162.15 12.11 445.06 Mdsx Average 2.01 -0.6511.86 435.692.08 -0.6112.04 442.49 Hensall 2.03 11.87 436.242.10 12.06 443.22 Bruce 2.00 11.85 435.322.10 12.06 443.22 Putnam 1.95 11.80 433.482.00 11.96 439.55 Burford 2.04 11.89 436.792.08 12.04 442.49 Port Perry 2.04 11.89 436.791.98 11.94 438.81 Norfolk 2.05 11.90 437.162.15 12.11 445.06 Palmerston 1.95 11.80 433.482.00 11.96 439.55 Varna 2.05 11.90 437.162.10 12.06 443.22 Trenton 2.00 11.85 435.322.10 12.06 443.22 Winchester 1.98 11.83 434.591.99 11.95 439.18 North Gower 1.92 11.77 432.381.85 11.81 434.04 Huron FOB 2.10 11.95 439.002.15 12.11 445.06 Kent FOB 1.95 11.80 433.482.10 12.06 443.22 Lambton FOB 2.05 11.90 437.162.20 12.16 446.90 Middlesex FOB2.14 2.14 2.27 2.32 11.99 440.472.10 12.06 443.22 TRANSFER Prescott 2.27 12.12 445.242.23 12.19 448.00 Sarnia N/A N/A Toledo El. -0.58 9.27 340.52-0.39 9.58 351.86 Exchange rate was 1.2892 up 0.0059 Chicago wheat closed moderately lower. DEC17 HI 4.26 1/4 JUL18 HI 4.72 LOW 4.16 1/4 LOW 4.60 3/4 CLOSE 4.18 1/2 Down 6 1/4 CLOSE 4.63 3/4 Down 7 Minni wheat closed mixed. DEC17 HI 6.19 1/2 SEP18 HI 6.39 LOW 6.12 LOW 6.37 1/2 CLOSE 6.12 3/4 Down 5 3/4 CLOSE 6.38 Up 1/4 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.82 1.08 0.95 0.61 CAD $/bu 5.01 5.27 5.14 6.74 CAD $/tonne 184.04 193.51 188.78 247.63 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 0.85 N/A N/A N/A 0.75 N/A London 0.77 0.83 0.77 N/A 1.02 0.96 0.70 N/A Hensall 0.90 N/A 0.90 N/A 0.95 N/A 0.75 N/A Trenton N/A N/A N/A N/A N/A N/A 0.90 N/A Bruce 0.90 0.90 0.90 0.10 0.95 0.75 0.75 0.35 Essex N/A N/A N/A N/A N/A N/A 0.82 N/A Norwich 0.90 N/A 0.90 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 0.90 N/A 0.90 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 0.85 0.25 N/A 0.65 0.75 0.35 Varna 1.20 0.90 0.90 N/A 0.95 0.75 0.75 N/A Mitchell 0.90 0.90 0.90 N/A 0.95 0.75 0.75 N/A Thornton N/A N/A N/A 0.24 N/A N/A N/A N/A North Gower N/A 0.75 0.75 0.50 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 1.40N/A N/A N/A 1.34N/A Toledo El. 4.11US 5.29CA 4.49US 5.78CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.95 0.95 0.89 0.42 CAD $/bu 5.59 5.59 5.52 6.80 CAD $/tonne 205.29 205.29 202.92 249.90 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 456.14 DDG's FOB Srn & Aylm 140.00 - 145.00