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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, January 10

10 Jan 2018
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, January 10 Exchange rate was 1.2563 up 0.0121 Chicago soybeans closed slightly lower. MAR18 HI 9.63 1/2 NOV18 HI 9.82 1/4 LOW 9.51 3/4 LOW 9.71 CLOSE9.55 Down 8 3/4 CLOSE 9.73 1/2 Down 9 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY18 CK Low 1.55 11.10 407.861.50 11.24 412.82 CK High 1.70 11.25 413.371.75 11.49 422.00 CK Average 1.62 -0.6611.17 410.551.66 -0.6511.40 418.76 Essex Cty 1.55 11.10 407.861.55 11.29 414.65 Mdsx Low 1.59 11.14 409.321.62 11.36 417.22 Mdsx High 1.65 11.20 411.531.75 11.49 422.00 Mdsx Average 1.62 -0.6611.17 410.431.69 -0.6311.42 419.61 Hensall 1.60 11.15 409.691.73 11.46 421.08 Bruce 1.65 11.20 411.531.75 11.49 422.00 Putnam 1.65 11.20 411.531.75 11.49 422.00 Burford 1.66 11.21 411.901.69 11.43 419.80 Port Perry 1.59 11.14 409.321.62 11.36 417.22 Norfolk 1.65 11.20 411.531.75 11.49 422.00 Palmerston 1.60 11.15 409.691.60 11.34 416.49 Varna 1.55 11.10 407.861.70 11.44 420.16 Trenton 1.65 11.20 411.531.70 11.44 420.16 Winchester 1.74 11.29 414.841.72 11.46 420.90 North Gower 1.63 11.18 410.791.63 11.37 417.59 Huron FOB 1.65 11.20 411.531.80 11.54 423.84 Kent FOB 1.75 11.30 415.201.70 11.44 420.16 Lambton FOB 1.85 11.40 418.881.80 11.54 423.84 Middlesex FOB1.82 1.90 1.90 1.84 11.37 417.781.77 11.51 422.74 TRANSFER Hamilton N/A 2.10 11.84 434.86 Prescott 1.85 11.40 418.882.02 11.76 431.92 Toledo El. -0.24 9.31 342.13-0.38 9.36 343.87 Exchange rate was 1.2563 up 0.0121 Chicago wheat closed slightly higher. MAR18 HI 4.35 JUL18 HI 4.61 LOW 4.31 1/2 LOW 4.56 3/4 CLOSE 4.34 1/4 Up 2 CLOSE 4.60 1/2 Up 3 Minni wheat closed slightly higher. MAR18 HI 6.34 1/2 SEP18 HI 6.31 1/4 LOW 6.28 3/4 LOW 6.25 3/4 CLOSE 6.34 Up 3 1/4 CLOSE 6.31 1/4 Up 2 1/4 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.80 0.92 0.80 0.31 CAD $/bu 5.14 5.27 5.14 6.65 CAD $/tonne 188.91 193.53 188.91 244.19 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 0.87 1.18 0.81 N/A 0.98 0.73 0.73 N/A Hensall 0.85 N/A 0.75 N/A 0.95 N/A 0.70 N/A Trenton N/A N/A N/A N/A N/A N/A 0.85 N/A Bruce 0.85 0.75 0.75 0.10 0.95 0.70 0.70 0.30 Essex N/A N/A N/A N/A N/A N/A 0.58 N/A Norwich 0.85 N/A 0.75 N/A 0.95 N/A 0.70 N/A Port Hope N/A N/A 0.80 N/A N/A 0.75 0.70 N/A Kent Bridge 0.85 N/A 0.75 N/A 0.95 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 0.80 0.80 0.25 N/A 0.75 0.80 0.35 Varna 1.05 0.80 0.75 N/A 0.90 0.70 0.70 N/A Mitchell 0.85 0.75 0.75 N/A 0.95 0.70 0.70 N/A Thornton N/A N/A N/A 0.12 N/A N/A N/A N/A North Gower N/A 0.75 0.70 0.18 N/A 0.84 0.79 0.05 W O Feed 1.40 PROCESSORS Toledo FM N/A N/A 1.24 N/A N/A N/A 1.17 N/A Toledo El. 4.24US 5.33CA 4.46US 5.59CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.79 0.79 0.73 0.23 CAD $/bu 5.40 5.40 5.34 6.54 CAD $/tonne 198.41 198.41 196.10 240.23 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 446.88 DDG's FOB Srn & Aylm 205.00 - 215.00