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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, August 20

20 Aug 2018
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, August 20 Exchange rate was 1.3045 down 0.0012 Chicago soybeans closed slightly higher. NOV18 HI 9.07 NOV18 HI 9.07 LOW 8.91 3/4 LOW 8.91 3/4 CLOSE8.93 1/4 Up 1/2 CLOSE 8.93 1/4 Up 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 11.48 421.912.70 11.63 427.42 CK High 2.65 11.58 425.582.80 11.73 431.10 CK Average 2.62 -0.0811.55 424.362.75 0.04 11.68 429.32 Essex Cty 2.65 11.58 425.582.80 11.73 431.10 Mdsx Low 2.65 11.58 425.582.75 11.68 429.26 Mdsx High 2.68 11.61 426.692.79 11.72 430.73 Mdsx Average 2.67 -0.0411.60 426.142.77 0.05 11.70 429.99 Hensall 2.65 11.58 425.582.75 11.68 429.26 Bruce 2.65 11.58 425.582.75 11.68 429.26 Putnam 2.60 11.53 423.752.75 11.68 429.26 Burford 2.72 11.65 428.162.83 11.76 432.20 Port Perry 2.65 11.58 425.582.76 11.69 429.63 Norfolk 2.65 11.58 425.582.85 11.78 432.93 Palmerston 2.55 11.48 421.912.70 11.63 427.42 Varna N/A 2.75 11.68 429.26 Trenton N/A 2.75 11.68 429.26 Winchester 2.48 11.41 419.342.71 11.64 427.79 North Gower 2.39 11.32 416.032.65 11.58 425.58 Huron FOB 2.75 11.68 429.262.85 11.78 432.93 Kent FOB 2.70 11.63 427.422.80 11.73 431.10 Lambton FOB 3.00 11.93 438.443.00 11.93 438.44 Middlesex FOB2.85 2.85 2.88 3.01 11.78 432.932.88 11.81 434.04 PROCESSORS Windsor 2.98 11.91 437.713.11 12.04 442.49 TRANSFER Hamilton N/A 3.05 11.98 440.28 Prescott 2.09 11.02 405.012.88 11.81 434.04 Toledo El. -0.26 8.67 318.63-0.39 8.54 313.86 Exchange rate was 1.3045 down 0.0012 Chicago wheat closed moderately lower to lower. SEP18 HI 5.62 3/4 JUL19 HI 5.99 3/4 LOW 5.40 3/4 LOW 5.83 CLOSE 5.42 1/4 Down 18 1/4 CLOSE 5.85 3/4 Down 11 Minni wheat closed lower. SEP18 HI 6.08 SEP19 HI 6.39 1/4 LOW 5.91 LOW 6.33 CLOSE 5.94 1/4 Down 14 1/4 CLOSE 6.36 1/4 Down 11 3/4 GFO Cash Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.26 1.46 1.26 0.70 CAD $/bu 6.68 6.88 6.68 6.64 CAD $/tonne 245.54 252.73 245.54 244.10 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 1.00 N/A N/A N/A 1.00 N/A London 1.21 1.41 1.02 N/A 1.33 1.33 1.00 N/A Hensall 1.10 N/A 1.00 N/A 1.20 N/A 1.00 N/A Trenton N/A N/A 1.00 N/A N/A N/A 1.05 N/A Bruce 1.05 1.25 1.00 0.60 1.10 1.20 1.00 0.60 Essex N/A N/A 1.10 N/A N/A N/A 1.04 N/A Norwich 1.10 N/A 1.00 N/A 1.20 N/A 1.00 N/A Port Hope N/A 1.20 1.00 N/A N/A 1.20 1.00 N/A Kent Bridge 1.10 N/A 1.00 N/A 1.20 N/A 1.00 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 1.20 1.25 1.00 N/A 1.10 1.20 1.00 N/A Mitchell 1.10 1.20 1.00 N/A 1.20 1.25 1.00 N/A Thornton N/A N/A N/A 0.57 N/A N/A N/A N/A North Gower N/A 1.40 1.30 0.70 N/A 1.27 1.27 0.50 W O Feed 1.61 PROCESSORS Toledo FM N/A N/A 1.91 N/A N/A N/A 1.90 N/A Toledo El. 5.47US 7.14CA 5.71US 7.43CA GFO Contract Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.31 1.38 1.31 0.56 CAD $/bu 7.17 7.24 7.17 6.92 CAD $/tonne 263.53 265.92 263.53 254.20 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 515.01 DDG's FOB Srn & Aylm 195.00 - 200.00