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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, January 13

13 Jan 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, January 13 Exchange rate was 1.2495 down 0.0009 Chicago soybeans closed mixed. MAR22 HI 13.99 NOV22 HI 13.11 1/4 LOW 13.70 3/4 LOW 12.93 1/4 CLOSE13.77 1/4 Down 22 CLOSE 13.04 1/2 Down 8 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAR22+MAR22+MAY22 CK Low 3.03 16.80 617.39 2.50 15.55 571.18 CK High 3.15 16.92 621.80 2.65 15.70 576.69 CK Average 3.08 -0.28 16.86 619.33 2.59 -0.55 15.63 574.33 Essex Cty 3.05 16.82 618.12 2.55 15.60 573.02 Mdsx Low 3.02 16.79 617.02 2.49 15.54 570.81 Mdsx High 3.05 16.82 618.12 2.55 15.60 573.02 Mdsx Average3.04 -0.32 16.81 617.75 2.53 -0.59 15.58 572.28 Hensall 3.08 16.86 619.35 2.58 15.63 574.24 Bruce 3.05 16.82 618.12 2.55 15.60 573.02 Putnam 3.15 16.92 621.80 2.65 15.70 576.69 Burford 3.09 16.86 619.59 2.56 15.61 573.39 Port Perry 2.98 16.75 615.55 2.45 15.50 569.34 Norfolk 3.05 16.82 618.12 2.55 15.60 573.02 Palmerston 3.05 16.82 618.12 2.59 15.64 574.49 Varna 3.05 16.82 618.12 2.55 15.60 573.02 Trenton 3.00 16.77 616.28 2.55 15.60 573.02 Winchester 3.03 16.80 617.39 2.57 15.62 573.75 North Gower 3.10 16.87 619.96 2.90 15.95 585.88 Vankleek Hil3.47 17.24 633.55 2.76 15.81 580.73 Huron FOB 3.12 3.25 3.29 3.36 16.89 620.69 N/A Kent FOB 3.25 17.02 625.47 2.55 15.60 573.02 Lambton FOB 3.25 17.02 625.47 2.60 15.65 574.86 Mdsx FOB 3.28 3.28 3.33 3.27 17.05 626.57 2.62 15.67 575.59 PROCESSORS Windsor 3.68 17.45 641.27 2.85 15.90 584.04 TRANSFER Hamilton 3.50 17.27 634.66 2.95 16.00 587.72 Prescott N/A 3.11 16.16 593.59 Port Colborn3.44 17.21 632.45 3.03 16.08 590.66 Toledo El. -0.25 13.52 496.87 -0.50 12.54 460.94 Exchange rate was 1.2495 down 0.0009 Chicago wheat closed slightly to moderately lower. MAR22 HI 7.57 3/4 JUL22 HI 7.54 1/2 LOW 7.41 LOW 7.37 CLOSE 7.46 3/4 Down 11 CLOSE 7.42 1/2 Down 12 3/4 Minni wheat closed moderately lower to lower. MAR22 HI 9.26 3/4 SEP22 HI 8.87 LOW 8.91 1/2 LOW 8.66 1/2 CLOSE 8.95 1/2 Down 25 CLOSE 8.74 Down 13 Direct MarkHarvest 2021 Harvest 2022 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 1.15 N/A N/A N/A 1.40 N/A London 1.10 1.35 0.91 N/A 1.66 1.59 1.34 N/A Hensall 1.15 N/A 1.15 N/A 2.20 N/A 1.40 N/A Trenton N/A N/A N/A N/A N/A N/A 1.50 N/A Bruce 1.00 1.45 1.00 N/A 2.20 1.75 1.40 1.25 Essex N/A N/A 0.90 N/A N/A N/A 1.30 N/A Norwich 1.15 N/A 1.15 N/A 2.20 N/A 1.40 N/A Port Hope N/A N/A 1.15 N/A N/A N/A 1.55 N/A Kent Bridge 1.15 N/A 1.15 N/A 2.20 N/A 1.40 N/A Chatham N/A N/A 0.90 N/A N/A N/A 1.30 N/A Brigden N/A N/A 0.90 N/A N/A N/A 1.30 N/A Palmerston N/A N/A 1.04 1.60 N/A N/A 1.44 1.43 Varna 1.35 1.85 1.10 N/A 2.05 1.60 1.40 N/A Mitchell 1.15 1.75 1.15 N/A 2.20 1.70 1.40 N/A Thornton 1.10 1.35 0.91 1.67 1.66 1.59 1.41 N/A North Gower N/A 1.00 1.40 1.12 N/A N/A 1.52 N/A W O Feed 1.81 TERMINAL Port Colbor N/A N/A 1.61 N/A N/A N/A 1.73 N/A PROCESSORS Toledo FM N/A N/A 2.24 N/A N/A N/A 1.99 N/A Toledo El. 7.32US 9.14CA 7.38US 9.22CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 607.27 DDG's FOB Srn & Aylm 295.00 - 300.00