News & Resources

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, March 9

9 Mar 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, March 9 Exchange rate was 1.283 down 0.0054 Chicago soybeans closed mixed. JUL22 HI 16.89 1/2 NOV22 HI 14.88 1/4 LOW 16.39 3/4 LOW 14.57 1/4 CLOSE16.43 1/4 Down 12 1/2 CLOSE 14.73 3/4 Up 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JUL22+JUL22+JUL22 CK Low 4.15 20.58 756.28 3.40 18.14 666.44 CK High 4.30 20.73 761.79 3.55 18.29 671.95 CK Average 4.17 -0.37 20.61 757.17 3.45 -0.56 18.19 668.33 Essex Cty 4.15 20.58 756.28 3.40 18.14 666.44 Mdsx Low 4.10 20.53 754.44 3.30 18.04 662.76 Mdsx High 4.17 20.60 757.01 3.45 18.19 668.28 Mdsx Average4.14 -0.40 20.57 755.91 3.39 -0.61 18.12 665.95 Hensall 4.15 20.58 756.28 3.42 18.15 667.05 Bruce 4.10 20.53 754.44 3.30 18.04 662.76 Putnam 4.15 20.58 756.28 3.45 18.19 668.28 Burford 4.22 20.65 758.85 3.46 18.20 668.64 Port Perry 4.13 20.56 755.54 3.37 18.11 665.34 Norfolk 4.15 20.58 756.28 3.45 18.19 668.28 Palmerston 4.07 20.50 753.34 3.33 18.07 663.87 Varna 4.15 20.58 756.28 3.40 18.14 666.44 Trenton 4.20 20.63 758.11 3.40 18.14 666.44 Winchester 4.30 20.73 761.79 3.53 18.27 671.22 North Gower 4.29 20.72 761.42 3.20 17.94 659.09 Vankleek Hil4.84 21.27 781.63 3.38 18.12 665.70 Huron FOB 4.27 4.27 4.33 4.46 20.70 760.69 N/A Kent FOB 4.30 20.73 761.79 3.45 18.19 668.28 Lambton FOB 4.35 20.78 763.63 3.60 18.34 673.79 Mdsx FOB 4.18 4.56 4.56 N/A 20.61 757.38 3.67 18.41 676.36 PROCESSORS Windsor 4.77 21.20 779.06 3.88 18.62 684.08 TRANSFER Hamilton 4.70 21.13 776.49 4.00 18.74 688.49 Prescott N/A 3.83 18.57 682.24 Port Colborn4.62 21.05 773.55 4.11 18.85 692.53 Toledo El. 0.05 16.48 605.68 -0.45 14.29 525.01 Exchange rate was 1.283 down 0.0054 Chicago wheat closed lower to limit down. JUL22 HI 11.94 SEP22 HI 10.97 1/4 LOW 11.10 1/4 LOW 10.15 1/2 CLOSE 11.10 1/4 Down 85 CLOSE 10.27 Down 73 1/2 Minni wheat closed lower to limit down. MAY22 HI 11.42 SEP22 HI 10.74 3/4 LOW 10.84 LOW 10.06 CLOSE 10.84 Down 60 CLOSE 10.32 3/4 Down 33 1/4 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 3.34 2.89 2.00 N/A 3.08 2.18 0.97 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 1.35 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 N/A N/A N/A N/A 1.40 N/A Palmerston N/A N/A N/A N/A N/A 1.59 1.20 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 3.34 2.89 2.00 2.91 3.08 2.18 0.97 N/A North Gower N/A N/A N/A N/A N/A N/A 0.95 N/A W O Feed N/A TERMINAL Port Colbor N/A N/A 2.45 N/A N/A N/A 1.42 N/A PROCESSORS Toledo FM N/A N/A 2.08 N/A N/A N/A 2.91 N/A Toledo El. 11.71US 15.03CA 10.90US 13.99CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 699.65 DDG's FOB Srn & Aylm 350.00 - 370.00