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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, March 2

2 Mar 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, March 2 Exchange rate was 1.2654 down 0.0078 Chicago soybeans closed moderately lower. MAY22 HI 16.97 NOV22 HI 14.86 LOW 16.50 1/4 LOW 14.42 1/4 CLOSE16.63 Down 27 CLOSE 14.52 1/2 Down 24 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAY22+MAY22+JUL22 CK Low 3.85 20.48 752.51 3.15 17.68 649.45 CK High 4.15 20.78 763.53 3.35 17.88 656.79 CK Average 3.99 -0.33 20.62 757.76 3.25 -0.48 17.77 652.96 Essex Cty 3.95 20.58 756.19 3.15 17.68 649.45 Mdsx Low 3.84 20.47 752.14 3.20 17.73 651.28 Mdsx High 4.00 20.63 758.02 3.25 17.78 653.12 Mdsx Average3.93 -0.38 20.56 755.45 3.22 -0.50 17.75 652.02 Hensall 4.00 20.63 758.02 3.25 17.78 653.12 Bruce 4.00 20.63 758.02 3.25 17.78 653.12 Putnam 4.00 20.63 758.02 3.25 17.78 653.12 Burford 3.91 20.54 754.72 3.28 17.81 654.22 Port Perry 3.81 20.44 751.04 3.18 17.71 650.55 Norfolk 3.95 20.58 756.19 3.20 17.73 651.28 Palmerston 3.85 20.48 752.51 3.05 17.58 645.77 Varna 4.00 20.63 758.02 3.25 17.78 653.12 Trenton 4.00 20.63 758.02 3.25 17.78 653.12 Winchester 4.13 20.76 762.80 3.35 17.88 656.79 North Gower 3.95 20.58 756.19 3.25 17.78 653.12 Vankleek Hil4.21 20.84 765.74 3.39 17.92 658.26 Huron FOB 4.02 4.15 4.22 4.34 20.65 758.76 N/A Kent FOB 4.10 20.73 761.70 3.20 17.73 651.28 Lambton FOB 4.00 20.63 758.02 3.25 17.78 653.12 Mdsx FOB 4.06 4.25 N/A N/A 20.69 760.23 3.43 17.96 659.73 PROCESSORS Windsor 4.43 21.06 773.82 3.50 18.03 662.31 TRANSFER Hamilton 4.35 20.98 770.88 3.70 18.23 669.65 Prescott N/A 3.64 18.17 667.45 Port Colborn4.28 20.91 768.31 3.77 18.30 672.23 Toledo El. -0.32 16.31 599.42 -0.44 14.08 517.43 Exchange rate was 1.2654 down 0.0078 Chicago wheat closed mixed, with the front-end months sharply higher to limit up. MAY22 HI 10.59 JUL22 HI 10.42 LOW 9.85 1/4 LOW 9.54 3/4 CLOSE 10.59 Up 75 CLOSE 10.41 1/4 Up 74 1/4 Minni wheat closed mixed. MAY22 HI 11.13 3/4 SEP22 HI 10.30 LOW 10.10 3/4 LOW 9.60 1/4 CLOSE 10.58 1/4 Up 4 1/2 CLOSE 9.96 1/2 Down 14 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 0.60 N/A London 1.82 2.27 1.25 N/A 2.41 1.77 1.33 N/A Hensall 1.30 N/A 1.30 N/A 1.60 N/A 0.60 N/A Trenton N/A N/A N/A N/A N/A N/A 0.64 N/A Bruce 1.20 1.80 1.20 N/A 1.60 0.80 0.60 1.50 Essex N/A N/A 1.30 N/A N/A N/A 1.00 N/A Norwich 1.30 N/A 1.30 N/A 1.60 N/A 0.60 N/A Port Hope N/A N/A 0.60 N/A N/A N/A 0.60 N/A Kent Bridge 1.30 N/A 1.30 N/A 1.60 N/A 0.60 N/A Chatham N/A N/A 1.30 N/A N/A N/A 1.00 N/A Brigden N/A N/A 1.30 N/A N/A N/A 1.00 N/A Palmerston N/A 2.79 N/A 2.15 N/A N/A 0.93 1.65 Varna 1.45 1.95 1.30 N/A 1.34 0.86 0.54 N/A Mitchell 1.30 1.95 1.30 N/A 1.60 0.80 0.60 N/A Thornton 1.82 2.27 1.25 2.41 2.41 1.77 1.20 N/A North Gower N/A 0.90 1.25 1.02 N/A N/A 0.69 N/A W O Feed 2.70 TERMINAL Port Colbor N/A N/A 1.63 N/A N/A N/A 1.90 N/A PROCESSORS Toledo FM N/A N/A 3.19 N/A N/A N/A 2.89 N/A Toledo El. 10.49US 13.27CA 10.36US 13.11CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 675.73 DDG's FOB Srn & Aylm 320.00 - 370.00