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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, June 25

25 Jun 2018
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, June 25 Exchange rate was 1.3278 up 0.0015 Chicago soybeans closed moderately lower. JUL18 HI 8.99 NOV18 HI 9.20 1/2 LOW 8.71 3/4 LOW 8.92 1/2 CLOSE8.74 1/2 Down 20 CLOSE 8.95 1/2 Down 20 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+AUG1+NOV18 CK Low 2.50 11.25 413.182.50 11.46 420.90 CK High 2.60 11.35 416.862.60 11.56 424.57 CK Average 2.57 -0.2211.32 415.882.56 -0.2911.51 422.92 Essex Cty 2.50 11.25 413.182.45 11.41 419.06 Mdsx Low 2.54 11.29 414.652.53 11.49 422.00 Mdsx High 2.60 11.35 416.862.70 11.66 428.25 Mdsx Average 2.57 -0.2211.32 415.762.62 -0.2411.57 425.12 Hensall 2.60 11.35 416.862.70 11.66 428.25 Bruce 2.60 11.35 416.862.70 11.66 428.25 Putnam 2.45 11.20 411.352.40 11.36 417.22 Burford 2.61 11.36 417.222.60 11.56 424.57 Port Perry 2.51 11.26 413.552.50 11.46 420.90 Norfolk 2.60 11.35 416.862.70 11.66 428.25 Palmerston 2.55 11.30 415.022.55 11.51 422.74 Varna 2.60 11.35 416.862.70 11.66 428.25 Trenton 2.55 11.30 415.022.60 11.56 424.57 Winchester 2.35 11.10 407.672.40 11.36 417.22 North Gower 2.25 11.00 404.002.30 11.26 413.55 Huron FOB 2.70 11.45 420.532.80 11.76 431.92 Kent FOB 2.65 11.40 418.692.60 11.56 424.57 Lambton FOB 2.65 11.40 418.692.60 11.56 424.57 Middlesex FOB2.71 2.78 2.73 N/A 11.46 420.902.70 11.66 428.25 PROCESSORS Windsor 3.02 11.77 432.292.69 11.65 427.88 TRANSFER Hamilton N/A 3.00 11.96 439.27 Prescott 2.34 11.09 407.302.93 11.89 436.70 Toledo El. -0.20 8.55 314.01-0.40 8.56 314.40 Exchange rate was 1.3278 up 0.0015 Chicago wheat closed lower. SEP18 HI 5.03 3/4 SEP18 HI 5.03 3/4 LOW 4.87 LOW 4.87 CLOSE 4.90 1/2 Down 13 3/4 CLOSE 4.90 1/2 Down 13 3/4 Minni wheat closed moderately lower. SEP18 HI 5.62 1/2 SEP18 HI 5.62 1/2 LOW 5.51 LOW 5.51 CLOSE 5.51 1/4 Down 9 3/4 CLOSE 5.51 1/4 Down 9 3/4 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.28 1.34 1.28 0.35 CAD $/bu 6.18 6.25 6.18 5.86 CAD $/tonne 227.10 229.54 227.10 215.27 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 0.96 N/A N/A N/A 1.01 N/A London 0.96 1.29 0.96 N/A 1.09 1.09 0.96 N/A Hensall 1.01 N/A 0.96 N/A 1.06 N/A 1.01 N/A Trenton N/A N/A N/A N/A N/A N/A 1.01 N/A Bruce 1.01 1.01 0.96 N/A 1.06 1.16 1.01 0.55 Essex N/A N/A 0.75 N/A N/A N/A 0.92 N/A Norwich 1.01 N/A 0.96 N/A 1.06 N/A 1.01 N/A Port Hope N/A N/A 0.96 N/A N/A 1.01 1.01 N/A Kent Bridge 1.01 N/A 0.96 N/A 1.06 N/A 1.01 N/A Chatham N/A N/A 0.91 N/A N/A N/A 0.96 N/A Brigden N/A N/A 0.91 N/A N/A N/A 0.96 N/A Palmerston N/A 0.86 0.86 0.23 N/A 0.96 0.91 0.55 Varna 1.21 1.11 0.91 N/A 1.16 1.16 0.96 N/A Mitchell 1.01 1.01 0.96 N/A 1.06 1.16 1.01 N/A Thornton N/A N/A N/A 0.49 N/A N/A N/A N/A North Gower N/A 1.04 0.96 0.05 N/A 1.23 1.11 0.27 W O Feed 1.44 PROCESSORS Toledo FM N/A N/A 1.69 N/A N/A N/A 1.69 N/A Toledo El. 4.91US 6.51CA 4.91US 6.51CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.28 1.34 1.28 0.35 CAD $/bu 6.18 6.25 6.18 5.86 CAD $/tonne 227.10 229.54 227.10 215.27 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 512.47 DDG's FOB Srn & Aylm 240.00 - 250.00