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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, March 10

10 Mar 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, March 10 Exchange rate was 1.276 down 0.0070 Chicago soybeans closed moderately higher. JUL22 HI 16.73 3/4 NOV22 HI 14.98 LOW 16.34 1/4 LOW 14.62 1/2 CLOSE16.59 1/2 Up 16 1/4 CLOSE 14.92 1/4 Up 18 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 4.13 20.73 761.51 3.44 18.36 674.71 CK High 4.30 20.90 767.76 3.55 18.47 678.75 CK Average 4.19 -0.31 20.79 763.72 3.47 -0.51 18.39 675.81 Essex Cty 4.20 20.80 764.09 3.45 18.37 675.07 Mdsx Low 4.10 20.70 760.41 3.30 18.22 669.56 Mdsx High 4.20 20.80 764.09 3.50 18.42 676.91 Mdsx Average4.14 -0.34 20.74 762.00 3.41 -0.55 18.34 673.73 Hensall 4.15 20.75 762.25 3.45 18.37 675.07 Bruce 4.15 20.75 762.25 3.45 18.37 675.07 Putnam 4.15 20.75 762.25 3.45 18.37 675.07 Burford 4.18 20.78 763.35 3.49 18.41 676.54 Port Perry 4.09 20.69 760.04 3.40 18.32 673.24 Norfolk 4.20 20.80 764.09 3.50 18.42 676.91 Palmerston 4.03 20.63 757.84 3.35 18.27 671.40 Varna 4.15 20.75 762.25 3.45 18.37 675.07 Trenton 4.15 20.75 762.25 3.45 18.37 675.07 Winchester 4.28 20.88 767.02 3.54 18.46 678.38 North Gower 4.27 20.87 766.66 3.20 18.12 665.89 Vankleek Hil4.79 21.39 785.76 3.42 18.34 673.97 Huron FOB 4.26 4.26 4.32 4.45 20.86 766.29 N/A Kent FOB 4.35 20.95 769.60 3.50 18.42 676.91 Lambton FOB 4.20 20.80 764.09 3.50 18.42 676.91 Mdsx FOB 4.14 4.52 4.52 N/A 20.74 761.88 3.71 18.63 684.63 PROCESSORS Windsor 4.75 21.35 784.29 3.88 18.80 690.87 TRANSFER Hamilton 4.75 21.35 784.29 4.05 18.97 697.12 Prescott N/A 3.87 18.79 690.51 Port Colborn4.58 21.18 778.05 4.15 19.07 700.79 Toledo El. 0.03 16.62 610.70 -0.45 14.48 531.90 Exchange rate was 1.276 down 0.0070 Chicago wheat closed mixed, with the front-months lower to sharply lower. JUL22 HI 11.29 1/4 SEP22 HI 10.49 3/4 LOW 10.24 1/4 LOW 9.61 CLOSE 10.45 1/4 Down 65 CLOSE 10.09 Down 18 Minni wheat closed moderately lower to lower. MAY22 HI 11.20 SEP22 HI 10.59 LOW 10.31 3/4 LOW 9.87 CLOSE 10.55 Down 29 CLOSE 10.11 Down 21 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 2.26 2.06 1.17 N/A 2.51 1.61 1.16 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 1.50 1.12 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 2.26 2.06 1.17 1.45 2.51 1.61 1.16 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 1.50 N/A N/A N/A 1.62 N/A PROCESSORS Toledo FM N/A N/A 2.43 N/A N/A N/A 2.78 N/A Toledo El. 10.57US 13.49CA 10.25US 13.08CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 709.57 DDG's FOB Srn & Aylm 350.00 - 370.00