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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, February 24

24 Feb 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, February 24 Exchange rate was 1.2814 up 0.0074 Chicago soybeans closed slightly lower to lower. MAR22 HI 17.65 NOV22 HI 15.55 LOW 16.56 LOW 14.45 1/4 CLOSE16.61 1/2 Down 13 1/2 CLOSE 14.51 1/2 Down 36 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAR22+MAY22+MAY22 CK Low 4.03 20.65 758.57 3.43 17.95 659.37 CK High 4.35 20.97 770.33 3.50 18.02 661.94 CK Average 4.15 -0.41 20.76 762.93 3.47 -0.48 17.98 660.78 Essex Cty 4.20 20.82 764.82 3.45 17.97 660.10 Mdsx Low 4.00 20.62 757.47 3.35 17.87 656.43 Mdsx High 4.20 20.82 764.82 3.50 18.02 661.94 Mdsx Average4.07 -0.47 20.69 760.17 3.42 -0.52 17.94 659.12 Hensall 4.01 20.63 757.84 3.38 17.90 657.65 Bruce 3.95 20.57 755.63 3.35 17.87 656.43 Putnam 4.03 20.65 758.57 3.45 17.97 660.10 Burford 4.09 20.71 760.78 3.49 18.01 661.57 Port Perry 3.98 20.60 756.74 3.38 17.90 657.53 Norfolk 4.20 20.82 764.82 3.50 18.02 661.94 Palmerston 3.86 20.48 752.33 3.14 17.66 648.71 Varna 4.00 20.62 757.47 3.35 17.87 656.43 Trenton 4.15 20.77 762.98 3.45 17.97 660.10 Winchester 4.36 20.98 770.70 3.52 18.04 662.67 North Gower 3.85 20.47 751.96 3.30 17.82 654.59 Vankleek Hil4.51 21.13 776.21 3.50 18.02 661.94 Huron FOB 4.09 4.09 4.18 4.24 20.71 760.78 N/A Kent FOB 4.35 20.97 770.33 3.50 18.02 661.94 Lambton FOB 4.10 20.72 761.15 3.60 18.12 665.61 Mdsx FOB 4.15 4.28 4.55 N/A 20.77 762.98 3.61 18.13 665.98 PROCESSORS Windsor 5.00 21.62 794.22 3.77 18.29 671.86 TRANSFER Hamilton 4.60 21.22 779.52 4.00 18.52 680.31 Prescott N/A 3.95 18.47 678.47 Port Colborn4.56 21.18 778.05 4.02 18.54 681.04 Toledo El. -0.26 16.36 601.08 -0.45 14.07 516.86 Exchange rate was 1.2814 up 0.0074 Chicago wheat closed mixed. MAR22 HI 9.26 JUL22 HI 9.28 3/4 LOW 8.77 1/4 LOW 8.79 1/2 CLOSE 9.26 Up 50 CLOSE 9.25 Up 46 1/4 Minni wheat closed slightly higher to higher. MAR22 HI 11.00 SEP22 HI 10.35 3/4 LOW 9.97 1/2 LOW 9.64 1/2 CLOSE 10.30 Up 29 CLOSE 9.81 3/4 Up 6 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 1.30 N/A N/A N/A 1.60 N/A London 1.83 2.09 1.64 N/A 2.58 2.33 1.88 N/A Hensall 1.30 N/A 1.30 N/A 2.40 N/A 1.60 N/A Trenton N/A N/A N/A N/A N/A N/A 1.75 N/A Bruce 1.25 1.75 1.25 N/A 2.25 1.75 1.55 1.50 Essex N/A N/A 1.30 N/A N/A N/A 1.60 N/A Norwich 1.30 N/A 1.30 N/A 2.40 N/A 1.60 N/A Port Hope N/A N/A 1.65 N/A N/A N/A 1.80 N/A Kent Bridge 1.30 N/A 1.30 N/A 2.40 N/A 1.60 N/A Chatham N/A N/A 1.30 N/A N/A N/A 1.60 N/A Brigden N/A N/A 1.30 N/A N/A N/A 1.60 N/A Palmerston N/A 2.62 1.34 2.25 N/A N/A 1.64 1.81 Varna 1.55 2.05 1.30 N/A 2.40 1.90 1.60 N/A Mitchell 1.30 1.95 1.30 N/A 2.40 1.80 1.60 N/A Thornton 1.83 2.09 1.64 2.91 2.58 2.33 1.88 N/A North Gower N/A 0.95 1.30 1.07 N/A N/A 1.44 N/A W O Feed 2.55 TERMINAL Port Colbor N/A N/A 1.94 N/A N/A N/A 2.55 N/A PROCESSORS Toledo FM N/A N/A 2.99 N/A N/A N/A 2.73 N/A Toledo El. 9.11US 11.67CA 9.20US 11.79CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 702.07 DDG's FOB Srn & Aylm 350.00 - 360.00