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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, November 22

24 Nov 2017
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, November 22 Exchange rate was 1.2696 down 0.0079 Chicago soybeans closed slightly higher. JAN18 HI 9.99 1/2 NOV18 HI 10.09 1/2 LOW 9.87 1/2 LOW 9.99 1/4 CLOSE9.97 1/4 Up 8 1/4 CLOSE 10.07 Up 6 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR18 CK Low 1.93 11.90 437.341.95 12.02 441.66 CK High 2.00 11.97 439.912.05 12.12 445.33 CK Average 1.96 -0.5711.94 438.571.99 -0.5612.06 443.19 Essex Cty 1.90 11.87 436.241.90 11.97 439.82 Mdsx Low 1.93 11.90 437.341.98 12.05 442.76 Mdsx High 2.00 11.97 439.912.05 12.12 445.33 Mdsx Average 1.97 -0.5711.94 438.632.02 -0.5412.09 444.05 Hensall 2.00 11.97 439.912.05 12.12 445.33 Bruce 1.95 11.92 438.082.00 12.07 443.50 Putnam 2.05 12.02 441.752.10 12.17 447.17 Burford 2.00 11.97 439.912.05 12.12 445.33 Port Perry 1.90 11.87 436.241.95 12.02 441.66 Norfolk 2.00 11.97 439.912.07 12.14 446.07 Palmerston 1.95 11.92 438.082.00 12.07 443.50 Varna 2.00 11.97 439.912.05 12.12 445.33 Trenton 1.95 11.92 438.082.00 12.07 443.50 Winchester 2.02 11.99 440.652.00 12.07 443.50 North Gower 1.95 11.92 438.081.90 11.97 439.82 Huron FOB 2.10 12.07 443.592.15 12.22 449.01 Kent FOB 2.05 12.02 441.752.02 12.09 444.23 Lambton FOB 2.00 11.97 439.912.15 12.22 449.01 Middlesex FOB2.10 2.16 2.14 2.17 12.07 443.592.11 12.18 447.54 TRANSFER Hamilton 2.40 12.37 454.61 N/A Prescott 2.15 12.12 445.432.11 12.18 447.54 Toledo El. -0.38 9.59 352.43-0.38 9.69 356.02 Exchange rate was 1.2696 down 0.0079 Chicago wheat closed narrowly mixed. DEC17 HI 4.26 1/4 JUL18 HI 4.71 LOW 4.20 3/4 LOW 4.64 CLOSE 4.22 3/4 Down 2 CLOSE 4.67 1/2 Up 1 1/4 Minni wheat closed slightly lower. DEC17 HI 6.31 1/2 SEP18 HI 6.36 1/2 LOW 6.24 3/4 LOW 6.34 CLOSE 6.26 3/4 Down 1/4 CLOSE 6.34 1/4 Down 1 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.76 1.01 0.89 0.55 CAD $/bu 4.99 5.24 5.11 6.81 CAD $/tonne 183.22 192.55 187.88 250.39 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 0.90 0.96 0.90 N/A 0.94 0.88 0.75 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 0.72 N/A Norwich 0.90 N/A 0.90 N/A 0.95 N/A 0.75 N/A Port Hope N/A 1.00 0.90 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 1.53 PROCESSORS Toledo FM N/A N/A 1.56 N/A N/A N/A 1.26 N/A Toledo El. 4.18US 5.30CA 4.53US 5.74CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.88 0.88 0.81 0.31 CAD $/bu 5.55 5.55 5.49 6.65 CAD $/tonne 203.95 203.95 201.62 244.39 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 478.85 DDG's FOB Srn & Aylm 155.00