News & Resources

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, February 17

17 Feb 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, February 17 Exchange rate was 1.2692 up 0.0001 Chicago soybeans closed mixed. MAR22 HI 16.06 NOV22 HI 14.69 3/4 LOW 15.76 1/2 LOW 14.47 1/2 CLOSE15.92 Up 4 1/2 CLOSE 14.60 3/4 Up 5 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAR22+MAY22+MAY22 CK Low 3.85 19.77 726.42 3.15 17.76 652.48 CK High 3.95 19.87 730.10 3.30 17.91 657.99 CK Average 3.87 -0.33 19.79 727.11 3.21 -0.56 17.82 654.84 Essex Cty 3.85 19.77 726.42 3.15 17.76 652.48 Mdsx Low 3.85 19.77 726.42 3.20 17.81 654.31 Mdsx High 3.87 19.79 727.16 3.24 17.85 655.78 Mdsx Average3.86 -0.34 19.78 726.67 3.21 -0.56 17.82 654.80 Hensall 3.85 19.77 726.42 3.20 17.81 654.31 Bruce 3.85 19.77 726.42 3.25 17.86 656.15 Putnam 3.85 19.77 726.42 3.20 17.81 654.31 Burford 3.94 19.86 729.73 3.31 17.92 658.36 Port Perry 3.83 19.75 725.69 3.20 17.81 654.31 Norfolk 3.85 19.77 726.42 3.20 17.81 654.31 Palmerston 3.82 19.74 725.32 3.16 17.77 652.84 Varna 3.85 19.77 726.42 3.20 17.81 654.31 Trenton 3.90 19.82 728.26 3.25 17.86 656.15 Winchester 3.95 19.87 730.10 3.30 17.91 657.99 North Gower 3.80 19.72 724.59 3.35 17.96 659.83 Vankleek Hil4.00 19.92 731.93 3.46 18.07 663.87 Huron FOB 3.85 3.85 4.12 4.18 19.77 726.42 N/A Kent FOB 4.05 19.97 733.77 3.20 17.81 654.31 Lambton FOB 3.85 19.77 726.42 3.40 18.01 661.66 Mdsx FOB 3.81 3.87 4.19 N/A 19.73 724.95 3.50 18.11 665.34 PROCESSORS Windsor 4.38 20.30 745.90 3.51 18.12 665.70 TRANSFER Hamilton 4.25 20.17 741.12 3.70 18.31 672.69 Prescott N/A 3.68 18.29 671.95 Port Colborn4.22 20.14 740.02 3.91 18.52 680.40 Toledo El. -0.25 15.67 575.63 -0.44 14.16 520.41 Exchange rate was 1.2692 up 0.0001 Chicago wheat closed moderately higher to higher. MAR22 HI 7.99 1/4 JUL22 HI 8.00 3/4 LOW 7.75 1/2 LOW 7.78 1/2 CLOSE 7.98 Up 17 1/2 CLOSE 8.00 1/4 Up 17 3/4 Minni wheat closed slightly to moderately higher. MAR22 HI 9.62 SEP22 HI 9.26 3/4 LOW 9.48 1/4 LOW 9.12 CLOSE 9.57 1/4 Up 5 1/4 CLOSE 9.22 3/4 Up 8 1/2 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 1.37 1.62 1.24 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 1.93 N/A N/A 1.66 1.71 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 1.37 1.62 1.24 1.87 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 1.67 N/A N/A N/A 2.14 N/A PROCESSORS Toledo FM N/A N/A 2.53 N/A N/A N/A 2.28 N/A Toledo El. 7.83US 9.94CA 7.95US 10.09CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 675.95 DDG's FOB Srn & Aylm 350.00 - 355.00