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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, November 10

10 Nov 2017
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, November 10 Exchange rate was 1.2681 up 0.0011 Chicago soybeans closed narrowly mixed. JAN18 HI 9.91 NOV18 HI 10.03 LOW 9.83 3/4 LOW 9.97 3/4 CLOSE9.87 Up 2 CLOSE 9.98 3/4 Down 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR18 CK Low 1.75 11.62 426.961.85 11.84 434.95 CK High 1.85 11.72 430.642.00 11.99 440.47 CK Average 1.81 -0.6611.68 429.041.91 -0.5811.90 437.16 Essex Cty 1.80 11.67 428.801.85 11.84 434.95 Mdsx Low 1.79 11.66 428.431.91 11.90 437.16 Mdsx High 1.85 11.72 430.641.95 11.94 438.63 Mdsx Average 1.82 -0.6511.69 429.531.93 -0.5711.92 437.89 Hensall 1.85 11.72 430.641.95 11.94 438.63 Bruce 1.80 11.67 428.801.90 11.89 436.79 Putnam 1.95 11.82 434.312.00 11.99 440.47 Burford 1.86 11.73 431.001.98 11.97 439.73 Port Perry 1.76 11.63 427.331.88 11.87 436.06 Norfolk 1.85 11.72 430.641.95 11.94 438.63 Palmerston 1.90 11.77 432.471.90 11.89 436.79 Varna 1.85 11.72 430.641.95 11.94 438.63 Trenton 1.85 11.72 430.641.95 11.94 438.63 Winchester 2.00 11.87 436.152.00 11.99 440.47 North Gower 1.93 11.80 433.581.90 11.89 436.79 Huron FOB 1.95 11.82 434.312.05 12.04 442.30 Kent FOB 1.90 11.77 432.471.90 11.89 436.79 Lambton FOB 1.75 11.62 426.961.90 11.89 436.79 Middlesex FOB1.95 2.01 2.06 2.09 11.82 434.312.03 12.02 441.57 TRANSFER Hamilton 2.15 12.02 441.66 N/A Prescott 2.07 11.94 438.722.04 12.03 441.93 Toledo El. -0.51 9.36 344.02-0.38 9.61 353.04 Exchange rate was 1.2681 up 0.0011 Chicago wheat closed slightly higher. DEC17 HI 4.34 1/4 JUL18 HI 4.74 1/4 LOW 4.26 3/4 LOW 4.67 1/4 CLOSE 4.31 1/2 Up 2 1/2 CLOSE 4.73 Up 4 Minni wheat closed slightly lower. DEC17 HI 6.49 1/2 SEP18 HI 6.47 LOW 6.45 1/4 LOW 6.42 3/4 CLOSE 6.47 1/2 Down 1/2 CLOSE 6.46 Down 3/4 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.78 1.03 0.90 0.59 CAD $/bu 5.09 5.34 5.22 7.07 CAD $/tonne 187.07 196.39 191.73 259.76 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 0.90 N/A N/A N/A 0.75 N/A London 0.88 0.95 0.88 N/A 0.92 0.86 0.73 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 0.85 N/A Bruce 0.90 0.90 0.90 0.25 0.95 0.75 0.75 0.35 Essex N/A N/A N/A N/A N/A N/A 0.74 N/A Norwich 0.90 N/A 0.90 N/A 0.95 N/A 0.75 N/A Port Hope N/A 0.90 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 0.90 N/A N/A N/A 0.75 N/A Brigden N/A N/A 0.90 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 -0.07 N/A N/A N/A N/A North Gower N/A 0.75 0.75 0.50 N/A 0.90 0.90 0.25 W O Feed 1.46 PROCESSORS Toledo FM N/A N/A 1.35 N/A N/A N/A 1.25 N/A Toledo El. 4.27US 5.41CA 4.58US 5.79CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.87 0.87 0.81 0.32 CAD $/bu 5.60 5.60 5.54 6.78 CAD $/tonne 205.89 205.89 203.56 249.11 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 460.22 DDG's FOB Srn & Aylm 140.00 - 145.00