FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, March 15
15 Mar 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, March 15 Exchange rate was 1.2825 up 0.0006 Chicago soybeans closed slightly lower. JUL22 HI 16.50 NOV22 HI 14.81 3/4 LOW 16.16 LOW 14.53 3/4 CLOSE16.35 3/4 Down 11 CLOSE 14.67 Down 14 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JUL22+JUL22+JUL22 CK Low 4.09 20.45 751.32 3.41 18.08 664.33 CK High 4.20 20.56 755.36 3.50 18.17 667.63 CK Average 4.16 -0.36 20.51 753.73 3.45 -0.50 18.12 665.85 Essex Cty 4.15 20.51 753.52 3.45 18.12 665.80 Mdsx Low 4.09 20.45 751.32 3.40 18.07 663.96 Mdsx High 4.15 20.51 753.52 3.45 18.12 665.80 Mdsx Average4.11 -0.40 20.47 752.17 3.42 -0.52 18.09 664.69 Hensall 4.12 20.47 752.30 3.45 18.12 665.80 Bruce 4.10 20.46 751.68 3.40 18.07 663.96 Putnam 4.15 20.51 753.52 3.45 18.12 665.80 Burford 4.14 20.50 753.15 3.46 18.13 666.16 Port Perry 4.05 20.41 749.85 3.37 18.04 662.86 Norfolk 4.15 20.51 753.52 3.45 18.12 665.80 Palmerston 4.08 20.44 750.95 3.32 17.99 661.02 Varna 4.10 20.46 751.68 3.45 18.12 665.80 Trenton 4.15 20.51 753.52 3.45 18.12 665.80 Winchester 4.24 20.60 756.83 3.55 18.22 669.47 North Gower 4.20 20.56 755.36 3.30 17.97 660.28 Vankleek Hil4.78 21.14 776.67 3.32 17.99 661.02 Huron FOB 4.19 4.25 4.38 4.45 20.55 754.99 N/A Kent FOB 4.30 20.66 759.03 3.45 18.12 665.80 Lambton FOB 4.40 20.76 762.71 4.00 18.67 686.01 Mdsx FOB 4.29 4.48 4.48 N/A 20.65 758.67 3.67 18.34 673.88 PROCESSORS Windsor 4.69 21.05 773.36 3.84 18.51 680.13 TRANSFER Hamilton 4.75 21.11 775.57 4.05 18.72 687.84 Prescott N/A 3.76 18.43 677.19 Port Colborn4.73 21.09 774.83 4.11 18.78 690.05 Toledo El. -0.03 16.33 600.09 -0.45 14.22 522.59 Exchange rate was 1.2825 up 0.0006 Chicago wheat closed moderately to sharply higher. JUL22 HI 11.33 SEP22 HI 10.79 1/2 LOW 10.60 LOW 10.21 1/4 CLOSE 11.27 1/2 Up 57 1/2 CLOSE 10.72 Up 43 Minni wheat closed higher. MAY22 HI 11.16 3/4 SEP22 HI 10.70 1/2 LOW 10.59 LOW 10.18 1/2 CLOSE 11.10 1/4 Up 40 CLOSE 10.64 1/2 Up 36 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 1.98 1.92 1.40 N/A 2.69 2.12 1.86 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 1.40 N/A Bruce 1.10 1.80 1.10 N/A 2.30 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 2.04 1.59 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 1.98 1.92 1.40 1.32 2.69 2.12 1.86 N/A North Gower N/A N/A N/A N/A N/A N/A 1.10 N/A W O Feed 3.02 TERMINAL Port Colbor N/A N/A 1.60 N/A N/A N/A 2.32 N/A PROCESSORS Toledo FM N/A N/A 2.47 N/A N/A N/A 2.98 N/A Toledo El. 11.25US 14.42CA 11.08US 14.17CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 728.64 DDG's FOB Srn & Aylm 350.00 - 355.00