FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, February 15
15 Feb 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, February 15 Exchange rate was 1.2741 up 0.0005 Chicago soybeans closed mixed. MAR22 HI 15.77 NOV22 HI 14.44 1/2 LOW 15.42 1/4 LOW 14.23 1/4 CLOSE15.51 1/4 Down 18 3/4 CLOSE 14.32 Down 10 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAR22+MAY22+MAY22 CK Low 3.76 19.27 708.14 3.15 17.47 641.91 CK High 3.90 19.41 713.29 3.25 17.57 645.59 CK Average 3.85 -0.31 19.36 711.50 3.20 -0.58 17.52 643.59 Essex Cty 3.85 19.36 711.45 3.15 17.47 641.91 Mdsx Low 3.75 19.26 707.78 3.16 17.48 642.28 Mdsx High 3.90 19.41 713.29 3.20 17.52 643.75 Mdsx Average3.83 -0.33 19.35 710.84 3.19 -0.58 17.51 643.26 Hensall 3.88 19.40 712.67 3.20 17.52 643.75 Bruce 3.85 19.36 711.45 3.20 17.52 643.75 Putnam 3.85 19.36 711.45 3.20 17.52 643.75 Burford 3.82 19.33 710.35 3.23 17.55 644.85 Port Perry 3.71 19.22 706.31 3.12 17.44 640.81 Norfolk 3.85 19.36 711.45 3.20 17.52 643.75 Palmerston 3.81 19.32 709.98 3.16 17.48 642.28 Varna 3.90 19.41 713.29 3.20 17.52 643.75 Trenton 3.90 19.41 713.29 3.25 17.57 645.59 Winchester 3.70 19.21 705.94 3.40 17.72 651.10 North Gower 3.70 19.21 705.94 3.25 17.57 645.59 Vankleek Hil4.05 19.56 718.80 3.50 17.82 654.77 Huron FOB 3.87 3.87 4.14 4.20 19.38 712.18 N/A Kent FOB 4.05 19.56 718.80 3.20 17.52 643.75 Lambton FOB 3.90 19.41 713.29 3.35 17.67 649.26 Mdsx FOB 3.69 3.75 4.07 N/A 19.20 705.57 3.41 17.73 651.47 PROCESSORS Windsor 4.39 19.90 731.29 3.52 17.84 655.51 TRANSFER Hamilton 4.25 19.76 726.15 3.70 18.02 662.12 Prescott N/A 3.72 18.04 662.86 Port Colborn4.10 19.61 720.64 3.82 18.14 666.53 Toledo El. -0.25 15.26 560.62 -0.45 13.87 509.78 Exchange rate was 1.2741 up 0.0005 Chicago wheat closed moderately lower to lower. MAR22 HI 8.01 3/4 JUL22 HI 8.03 1/2 LOW 7.73 LOW 7.76 3/4 CLOSE 7.79 3/4 Down 19 1/2 CLOSE 7.82 Down 19 3/4 Minni wheat closed moderately lower to lower. MAR22 HI 9.66 SEP22 HI 9.28 3/4 LOW 9.40 LOW 9.02 1/2 CLOSE 9.53 Down 13 CLOSE 9.14 Down 15 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 1.25 N/A N/A N/A 1.55 N/A London 1.36 1.61 1.23 N/A 2.13 1.87 1.56 N/A Hensall 1.25 N/A 1.25 N/A 2.35 N/A 1.55 N/A Trenton N/A N/A N/A N/A N/A N/A 1.55 N/A Bruce 1.25 1.75 1.25 N/A 2.25 1.75 1.55 1.50 Essex N/A N/A 1.15 N/A N/A N/A 1.55 N/A Norwich 1.25 N/A 1.25 N/A 2.35 N/A 1.55 N/A Port Hope N/A N/A 1.25 N/A N/A N/A 1.55 N/A Kent Bridge 1.25 N/A 1.25 N/A 2.35 N/A 1.55 N/A Chatham N/A N/A 1.15 N/A N/A N/A 1.55 N/A Brigden N/A N/A 1.15 N/A N/A N/A 1.55 N/A Palmerston N/A 2.14 1.31 1.96 N/A N/A 1.66 1.73 Varna 1.55 2.05 1.30 N/A 2.25 1.75 1.55 N/A Mitchell 1.25 1.90 1.25 N/A 2.35 1.75 1.55 N/A Thornton 1.36 1.61 1.23 1.73 2.13 1.87 1.56 N/A North Gower N/A 0.95 1.30 1.07 N/A N/A 1.57 N/A W O Feed 2.10 TERMINAL Port Colbor N/A N/A 1.69 N/A N/A N/A 2.13 N/A PROCESSORS Toledo FM N/A N/A 2.52 N/A N/A N/A 2.27 N/A Toledo El. 7.65US 9.74CA 7.77US 9.90CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 664.48 DDG's FOB Srn & Aylm 350.00 - 355.00