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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, August 9

9 Aug 2018
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, August 9 Exchange rate was 1.3028 up 0.0020 Chicago soybeans closed slightly lower. NOV18 HI 9.14 1/2 NOV18 HI 9.14 1/2 LOW 9.02 1/4 LOW 9.02 1/4 CLOSE9.04 Down 6 1/2 CLOSE 9.04 Down 6 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV18 CK Low 2.55 11.59 425.862.65 11.69 429.53 CK High 2.75 11.79 433.212.75 11.79 433.21 CK Average 2.62 -0.0911.66 428.432.73 0.03 11.77 432.53 Essex Cty 2.60 11.64 427.702.75 11.79 433.21 Mdsx Low 2.60 11.64 427.702.75 11.79 433.21 Mdsx High 2.65 11.69 429.532.77 11.81 433.94 Mdsx Average 2.63 -0.0911.67 428.622.76 0.05 11.80 433.58 Hensall 2.58 11.62 426.782.70 11.74 431.37 Bruce 2.55 11.59 425.862.65 11.69 429.53 Putnam 2.60 11.64 427.702.75 11.79 433.21 Burford 2.69 11.73 431.002.81 11.85 435.41 Port Perry 2.62 11.66 428.432.74 11.78 432.84 Norfolk 2.60 11.64 427.702.75 11.79 433.21 Palmerston 2.60 11.64 427.702.65 11.69 429.53 Varna N/A 2.65 11.69 429.53 Trenton N/A 2.75 11.79 433.21 Winchester 2.70 11.74 431.372.80 11.84 435.05 North Gower 2.39 11.43 419.982.70 11.74 431.37 Huron FOB 2.65 11.69 429.532.75 11.79 433.21 Kent FOB 2.65 11.69 429.532.75 11.79 433.21 Lambton FOB 2.80 11.84 435.052.85 11.89 436.88 Middlesex FOB2.82 2.82 N/A N/A 11.86 435.782.81 11.85 435.41 PROCESSORS Windsor 3.00 12.04 442.393.00 12.04 442.39 TRANSFER Hamilton N/A 3.05 12.09 444.23 Prescott 2.09 11.13 408.962.86 11.90 437.25 Toledo El. -0.13 8.91 327.38-0.39 8.65 317.86 Exchange rate was 1.3028 up 0.0020 Chicago wheat closed mixed. SEP18 HI 5.73 3/4 JUL19 HI 6.12 LOW 5.61 3/4 LOW 6.00 3/4 CLOSE 5.64 1/2 Down 5 1/2 CLOSE 6.04 1/4 Down 5 Minni wheat closed narrowly mixed. SEP18 HI 6.35 SEP19 HI 6.61 3/4 LOW 6.23 1/4 LOW 6.48 3/4 CLOSE 6.29 3/4 Down 3 CLOSE 6.59 1/4 Up 1 3/4 GFO Cash Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.32 1.51 1.45 0.80 CAD $/bu 6.96 7.16 7.09 7.10 CAD $/tonne 255.86 263.04 260.64 260.76 Direct MarkHarvest 2018 Harvest 2019 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 1.05 N/A N/A N/A 1.05 N/A London 1.24 1.44 0.98 N/A 1.35 1.35 1.03 N/A Hensall 1.10 N/A 1.05 N/A 1.20 N/A 1.05 N/A Trenton N/A N/A 1.05 N/A N/A N/A 1.10 N/A Bruce 1.10 1.30 1.05 0.60 1.15 1.25 1.05 0.60 Essex N/A N/A 1.10 N/A N/A N/A 1.06 N/A Norwich 1.10 N/A 1.05 N/A 1.20 N/A 1.05 N/A Port Hope N/A 1.20 1.05 N/A N/A 1.20 1.05 N/A Kent Bridge 1.10 N/A 1.05 N/A 1.20 N/A 1.05 N/A Chatham N/A N/A 1.05 N/A N/A N/A 1.05 N/A Brigden N/A N/A 1.05 N/A N/A N/A 1.05 N/A Palmerston N/A 1.15 1.05 0.55 N/A 1.10 1.05 N/A Varna 1.25 1.30 1.05 N/A 1.15 1.25 1.05 N/A Mitchell 1.10 1.20 1.05 N/A 1.20 1.25 1.05 N/A Thornton N/A N/A N/A 0.46 N/A N/A N/A N/A North Gower N/A 1.40 1.35 0.70 N/A 1.26 1.31 0.50 W O Feed 1.63 PROCESSORS Toledo FM N/A N/A 1.97 N/A N/A N/A 1.93 N/A Toledo El. 5.72US 7.45CA 5.89US 7.65CA GFO Contract Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.34 1.41 1.41 0.60 CAD $/bu 7.39 7.45 7.45 7.19 CAD $/tonne 271.43 273.81 273.81 264.28 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 519.86 DDG's FOB Srn & Aylm 190.00