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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, June 27

27 Jun 2018
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, June 27 Exchange rate was 1.3295 up 0.0005 Chicago soybeans closed steady to slightly higher. JUL18 HI 8.78 NOV18 HI 8.97 3/4 LOW 8.66 LOW 8.86 1/4 CLOSE8.67 1/2 Up 1/4 CLOSE 8.89 Up 1 1/2 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 11.18 410.612.50 11.39 418.51 CK High 2.60 11.28 414.292.60 11.49 422.19 CK Average 2.58 -0.2111.26 413.672.56 -0.2811.45 420.84 Essex Cty 2.55 11.23 412.452.45 11.34 416.67 Mdsx Low 2.60 11.28 414.292.58 11.47 421.45 Mdsx High 2.60 11.28 414.292.65 11.54 424.02 Mdsx Average 2.60 -0.1911.28 414.292.62 -0.2411.51 422.74 Hensall 2.60 11.28 414.292.65 11.54 424.02 Bruce 2.60 11.28 414.292.70 11.59 425.86 Putnam 2.45 11.13 408.772.40 11.29 414.84 Burford 2.67 11.35 416.862.65 11.54 424.02 Port Perry 2.57 11.25 413.182.55 11.44 420.35 Norfolk 2.60 11.28 414.292.70 11.59 425.86 Palmerston 2.55 11.23 412.452.55 11.44 420.35 Varna 2.60 11.28 414.292.70 11.59 425.86 Trenton 2.55 11.23 412.452.60 11.49 422.19 Winchester 2.35 11.03 405.102.40 11.29 414.84 North Gower 2.23 10.91 400.692.30 11.19 411.16 Huron FOB 2.70 11.38 417.962.75 11.64 427.70 Kent FOB 2.65 11.33 416.122.60 11.49 422.19 Lambton FOB 2.65 11.33 416.122.70 11.59 425.86 Middlesex FOB2.70 2.77 2.72 N/A 11.38 417.962.68 11.57 425.12 PROCESSORS Windsor 3.00 11.68 428.982.67 11.56 424.76 TRANSFER Hamilton N/A 2.95 11.84 435.05 Prescott 2.34 11.02 404.732.93 11.82 434.31 Toledo El. -0.07 8.61 316.31-0.40 8.49 312.00 Exchange rate was 1.3295 up 0.0005 Chicago wheat closed slightly higher. SEP18 HI 4.92 1/4 SEP18 HI 4.92 1/4 LOW 4.81 3/4 LOW 4.81 3/4 CLOSE 4.88 1/2 Up 5 1/2 CLOSE 4.88 1/2 Up 5 1/2 Minni wheat closed slightly lower. SEP18 HI 5.50 SEP18 HI 5.50 LOW 5.40 1/2 LOW 5.40 1/2 CLOSE 5.41 1/4 Down 4 1/4 CLOSE 5.41 1/4 Down 4 1/4 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 0.32 CAD $/bu 6.16 6.23 6.16 5.73 CAD $/tonne 226.43 228.87 226.43 210.67 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 1.01 N/A N/A N/A 1.06 N/A London 1.00 1.33 1.00 N/A 1.13 1.13 1.00 N/A Hensall 1.06 N/A 1.01 N/A 1.11 N/A 1.06 N/A Trenton N/A N/A N/A N/A N/A N/A 1.06 N/A Bruce 1.06 1.06 1.01 N/A 1.11 1.21 1.06 0.55 Essex N/A N/A 0.75 N/A N/A N/A 0.92 N/A Norwich 1.06 N/A 1.01 N/A 1.11 N/A 1.06 N/A Port Hope N/A N/A N/A N/A N/A 1.05 1.05 N/A Kent Bridge 1.06 N/A 1.01 N/A 1.11 N/A 1.06 N/A Chatham N/A N/A 0.96 N/A N/A N/A 1.01 N/A Brigden N/A N/A 0.96 N/A N/A N/A 1.01 N/A Palmerston N/A 0.91 0.91 0.21 N/A 1.01 0.96 0.55 Varna 1.26 1.16 0.96 N/A 1.21 1.21 1.01 N/A Mitchell 1.06 1.06 1.01 N/A 1.11 1.21 1.06 N/A Thornton N/A N/A N/A 0.60 N/A N/A N/A N/A North Gower N/A 0.92 0.95 0.01 N/A 1.06 1.07 0.25 W O Feed 1.55 PROCESSORS Toledo FM N/A N/A 1.76 N/A N/A N/A 1.68 N/A Toledo El. 4.89US 6.49CA 4.89US 6.49CA 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 0.32 CAD $/bu 6.16 6.23 6.16 5.73 CAD $/tonne 226.43 228.87 226.43 210.67 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 526.14 DDG's FOB Srn & Aylm 240.00 - 250.00