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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, March 7

7 Mar 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, March 7 Exchange rate was 1.2789 up 0.0058 Chicago soybeans closed mixed. JUL22 HI 16.69 NOV22 HI 14.72 1/4 LOW 16.22 1/2 LOW 14.35 CLOSE16.34 Up 1 CLOSE 14.53 Up 2 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JUL22+JUL22+JUL22 CK Low 4.00 20.34 747.37 3.19 17.72 651.10 CK High 4.10 20.44 751.04 3.35 17.88 656.98 CK Average 4.06 -0.39 20.40 749.73 3.27 -0.61 17.80 654.04 Essex Cty 4.00 20.34 747.37 3.20 17.73 651.47 Mdsx Low 4.00 20.34 747.37 3.19 17.72 651.10 Mdsx High 4.05 20.39 749.20 3.25 17.78 653.30 Mdsx Average4.02 -0.42 20.36 747.98 3.21 -0.66 17.74 651.96 Hensall 4.07 20.41 749.82 3.23 17.76 652.69 Bruce 4.10 20.44 751.04 3.30 17.83 655.14 Putnam 4.10 20.44 751.04 3.30 17.83 655.14 Burford 4.10 20.44 751.04 3.24 17.77 652.94 Port Perry 4.01 20.35 747.73 3.15 17.68 649.63 Norfolk 4.00 20.34 747.37 3.25 17.78 653.30 Palmerston 4.00 20.34 747.37 3.23 17.76 652.57 Varna 4.05 20.39 749.20 3.20 17.73 651.47 Trenton 4.00 20.34 747.37 3.30 17.83 655.14 Winchester 4.10 20.44 751.04 3.35 17.88 656.98 North Gower 4.00 20.34 747.37 3.20 17.73 651.47 Vankleek Hil4.71 21.05 773.46 3.29 17.82 654.77 Huron FOB 4.17 4.29 4.24 4.37 20.51 753.61 N/A Kent FOB 4.20 20.54 754.72 3.25 17.78 653.30 Lambton FOB 4.15 20.49 752.88 3.35 17.88 656.98 Mdsx FOB 3.93 4.31 4.38 N/A 20.27 744.80 3.45 17.98 660.65 PROCESSORS Windsor 4.82 21.16 777.50 3.71 18.24 670.21 TRANSFER Hamilton 4.50 20.84 765.74 3.75 18.28 671.68 Prescott N/A 3.74 18.27 671.31 Port Colborn4.37 20.71 760.96 3.89 18.42 676.82 Toledo El. 0.00 16.34 600.39 -0.45 14.08 517.44 Exchange rate was 1.2789 up 0.0058 Chicago wheat closed higher to sharply higher. JUL22 HI 12.60 1/4 SEP22 HI 11.45 LOW 11.90 1/4 LOW 10.66 1/2 CLOSE 12.52 1/2 Up 77 1/4 CLOSE 11.41 1/2 Up 78 1/2 Minni wheat closed higher. MAY22 HI 12.07 SEP22 HI 11.15 LOW 11.52 3/4 LOW 10.61 CLOSE 11.97 1/2 Up 50 1/2 CLOSE 11.09 1/2 Up 42 3/4 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 N/A N/A N/A N/A 1.40 N/A London 2.55 2.49 1.60 N/A 3.59 2.69 1.48 N/A Hensall 1.10 N/A 1.10 N/A 2.40 N/A 1.40 N/A Trenton N/A N/A N/A N/A N/A N/A 1.10 N/A Bruce 1.00 1.80 1.00 N/A 2.20 1.70 1.40 1.50 Essex N/A N/A 1.10 N/A N/A N/A 1.40 N/A Norwich 1.10 N/A 1.10 N/A 2.40 N/A 1.40 N/A Port Hope N/A N/A 1.10 N/A N/A N/A 1.40 N/A Kent Bridge 1.10 N/A 1.10 N/A 2.40 N/A 1.40 N/A Chatham N/A N/A 1.10 N/A N/A N/A 1.40 N/A Brigden N/A N/A 1.10 N/A N/A N/A 1.40 N/A Palmerston N/A 1.91 N/A N/A N/A N/A 1.53 N/A Varna 1.35 1.85 1.10 N/A 2.20 1.70 1.40 N/A Mitchell 1.10 1.80 1.10 N/A 2.40 1.70 1.40 N/A Thornton 2.55 2.49 1.60 2.79 3.59 2.69 1.48 N/A North Gower N/A N/A N/A N/A N/A N/A 0.95 N/A W O Feed 3.94 TERMINAL Port Colbor N/A N/A 2.05 N/A N/A N/A 1.94 N/A PROCESSORS Toledo FM N/A N/A 2.07 N/A N/A N/A 3.18 N/A Toledo El. 12.64US 16.16CA 12.33US 15.76CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 682.01 DDG's FOB Srn & Aylm 350.00 - 370.00