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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, June 11

11 Jun 2018
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, June 11 Exchange rate was 1.299 up 0.0058 Chicago soybeans closed slightly to moderately lower. JUL18 HI 9.72 1/4 NOV18 HI 9.92 3/4 LOW 9.53 1/4 LOW 9.73 CLOSE9.53 3/4 Down 15 1/2 CLOSE 9.73 3/4 Down 16 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+AUG1+NOV18 CK Low 2.35 11.89 436.792.35 12.09 444.14 CK High 2.50 12.04 442.302.55 12.29 451.49 CK Average 2.43 -0.3211.97 439.732.43 -0.3712.17 447.02 Essex Cty 2.40 11.94 438.632.30 12.04 442.30 Mdsx Low 2.43 11.97 439.732.37 12.11 444.87 Mdsx High 2.50 12.04 442.302.40 12.14 445.98 Mdsx Average 2.47 -0.3012.00 441.022.39 -0.4112.12 445.43 Hensall 2.50 12.04 442.302.40 12.14 445.98 Bruce 2.50 12.04 442.302.40 12.14 445.98 Putnam 2.55 12.09 444.142.50 12.24 449.65 Burford 2.50 12.04 442.302.44 12.18 447.45 Port Perry 2.40 11.94 438.632.34 12.08 443.77 Norfolk 2.45 11.99 440.472.40 12.14 445.98 Palmerston 2.45 11.99 440.472.40 12.14 445.98 Varna 2.50 12.04 442.302.40 12.14 445.98 Trenton 2.45 11.99 440.472.45 12.19 447.81 Winchester 2.14 11.68 429.072.31 12.05 442.67 North Gower 2.38 11.92 437.892.40 12.14 445.98 Huron FOB 2.60 12.14 445.982.50 12.24 449.65 Kent FOB 2.50 12.04 442.302.40 12.14 445.98 Lambton FOB 2.55 12.09 444.142.45 12.19 447.81 Middlesex FOB2.65 2.71 2.71 N/A 12.19 447.812.47 12.21 448.55 PROCESSORS Windsor 2.78 12.32 452.592.64 12.38 454.80 TRANSFER Hamilton N/A 2.70 12.44 457.00 Prescott 2.28 11.82 434.222.72 12.46 457.73 Toledo El. -0.19 9.34 343.28-0.32 9.41 345.86 Exchange rate was 1.299 up 0.0058 Chicago wheat closed slightly lower. JUL18 HI 5.28 1/4 JUL18 HI 5.28 1/4 LOW 5.11 3/4 LOW 5.11 3/4 CLOSE 5.14 1/2 Down 5 1/2 CLOSE 5.14 1/2 Down 5 1/2 Minni wheat closed slightly lower. JUL18 HI 5.98 1/4 SEP18 HI 6.08 1/4 LOW 5.89 1/4 LOW 6.00 1/4 CLOSE 5.89 3/4 Down 2 3/4 CLOSE 6.01 1/2 Down 2 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.43 1.37 1.17 0.33 CAD $/bu 6.58 6.51 6.32 6.23 CAD $/tonne 241.76 239.37 232.21 228.99 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 1.00 N/A N/A N/A 1.10 N/A London 1.09 1.15 1.09 N/A 1.15 1.20 1.08 N/A Hensall 1.15 N/A 1.05 N/A 1.20 N/A 1.10 N/A Trenton N/A N/A N/A N/A N/A N/A 1.10 N/A Bruce 1.15 1.15 1.05 N/A 1.20 1.20 1.10 0.55 Essex N/A N/A 0.88 N/A N/A N/A 1.09 N/A Norwich 1.15 N/A 1.05 N/A 1.20 N/A 1.10 N/A Port Hope N/A N/A 1.05 N/A N/A 1.05 1.10 N/A Kent Bridge 1.15 N/A 1.05 N/A 1.20 N/A 1.10 N/A Chatham N/A N/A 1.00 N/A N/A N/A 1.10 N/A Brigden N/A N/A 1.00 N/A N/A N/A 1.10 N/A Palmerston N/A 1.00 1.00 0.35 N/A 1.10 1.05 0.55 Varna 1.30 1.20 1.00 N/A 1.30 1.30 1.10 N/A Mitchell 1.15 1.15 1.05 N/A 1.20 1.20 1.10 N/A Thornton N/A N/A N/A 0.73 N/A N/A N/A N/A North Gower N/A 1.20 1.00 0.15 N/A 1.49 1.38 0.29 W O Feed 1.55 PROCESSORS Toledo FM N/A N/A 1.80 N/A N/A N/A 1.80 N/A Toledo El. 5.25US 6.81CA 5.25US 6.81CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.41 1.47 1.38 0.37 CAD $/bu 6.55 6.62 6.53 6.38 CAD $/tonne 240.81 243.19 239.85 234.60 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 548.08 DDG's FOB Srn & Aylm 265.00