FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, March 22
22 Mar 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, March 22 Exchange rate was 1.2585 down 0.0008 Chicago soybeans closed slightly higher. JUL22 HI 17.00 NOV22 HI 15.12 3/4 LOW 16.67 1/4 LOW 14.82 3/4 CLOSE16.78 3/4 Up 6 1/2 CLOSE 14.98 Up 8 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JUL22+JUL22+JUL22 CK Low 3.94 20.73 761.61 3.20 18.18 668.00 CK High 4.00 20.79 763.81 3.25 18.23 669.84 CK Average 3.96 -0.30 20.74 762.18 3.22 -0.52 18.20 668.63 Essex Cty 3.95 20.74 761.97 3.20 18.18 668.00 Mdsx Low 3.94 20.73 761.61 3.20 18.18 668.00 Mdsx High 3.95 20.74 761.97 3.25 18.23 669.84 Mdsx Average3.95 -0.31 20.73 761.85 3.22 -0.52 18.20 668.86 Hensall 3.95 20.74 761.97 3.23 18.21 669.23 Bruce 3.95 20.74 761.97 3.20 18.18 668.00 Putnam 3.95 20.74 761.97 3.20 18.18 668.00 Burford 3.99 20.78 763.44 3.27 18.25 670.57 Port Perry 3.90 20.69 760.14 3.18 18.16 667.27 Norfolk 3.95 20.74 761.97 3.20 18.18 668.00 Palmerston 3.92 20.71 760.87 3.22 18.20 668.74 Varna 3.95 20.74 761.97 3.25 18.23 669.84 Trenton 3.95 20.74 761.97 3.20 18.18 668.00 Winchester 4.00 20.79 763.81 3.25 18.23 669.84 North Gower 4.20 20.99 771.16 3.35 18.33 673.51 Vankleek Hil4.34 21.13 776.30 3.27 18.25 670.57 Huron FOB 4.06 4.12 4.18 4.24 20.85 766.01 N/A Kent FOB 4.20 20.99 771.16 3.20 18.18 668.00 Lambton FOB 4.26 21.05 773.36 3.90 18.88 693.72 Mdsx FOB 3.70 4.21 4.27 N/A 20.49 752.79 3.48 18.46 678.29 PROCESSORS Windsor 4.66 21.45 788.06 3.63 18.61 683.80 TRANSFER Hamilton 4.55 21.34 784.02 3.80 18.78 690.05 Prescott N/A 3.58 18.56 681.96 Port Colborn4.14 20.93 768.95 3.86 18.84 692.25 Toledo El. -0.09 16.70 613.60 -0.44 14.54 534.24 Exchange rate was 1.2585 down 0.0008 Chicago wheat closed slightly to moderately higher. JUL22 HI 11.39 3/4 SEP22 HI 10.96 3/4 LOW 10.83 1/2 LOW 10.48 1/4 CLOSE 11.01 Up 8 CLOSE 10.68 1/2 Up 14 1/2 Minni wheat closed slightly to moderately higher. MAY22 HI 11.23 SEP22 HI 10.87 LOW 10.84 1/2 LOW 10.51 1/4 CLOSE 10.95 3/4 Up 7 CLOSE 10.68 1/4 Up 15 1/2 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 1.26 1.63 1.07 N/A 2.22 1.77 1.33 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 1.80 1.36 N/A Varna 1.35 1.85 1.10 N/A 2.40 1.70 1.40 N/A Mitchell 1.10 1.80 1.10 N/A 2.40 1.70 1.40 N/A Thornton 1.26 1.63 1.07 1.25 2.22 1.77 1.33 N/A North Gower N/A N/A N/A N/A N/A N/A 1.20 N/A W O Feed 2.71 TERMINAL Port Colbor N/A N/A 1.39 N/A N/A N/A 1.79 N/A PROCESSORS Toledo FM N/A N/A 2.44 N/A N/A N/A 2.76 N/A Toledo El. 10.88US 13.69CA 10.82US 13.61CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 722.91 DDG's FOB Srn & Aylm 365.00 - 370.00