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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, March 23

23 Mar 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, March 23 Exchange rate was 1.2568 down 0.0017 Chicago soybeans closed slightly to moderately higher. JUL22 HI 17.13 NOV22 HI 15.20 1/4 LOW 16.73 1/2 LOW 14.93 3/4 CLOSE16.98 1/2 Up 19 3/4 CLOSE 15.08 Up 10 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 20.99 771.07 3.20 18.28 671.68 CK High 4.05 21.04 772.90 3.30 18.38 675.35 CK Average 4.01 -0.28 21.00 771.49 3.25 -0.50 18.33 673.46 Essex Cty 4.00 20.99 771.07 3.20 18.28 671.68 Mdsx Low 3.95 20.94 769.23 3.20 18.28 671.68 Mdsx High 4.03 21.02 772.17 3.29 18.37 674.98 Mdsx Average3.99 -0.29 20.98 770.82 3.25 -0.50 18.33 673.39 Hensall 3.97 20.95 769.84 3.25 18.33 673.51 Bruce 4.00 20.99 771.07 3.25 18.33 673.51 Putnam 4.00 20.99 771.07 3.25 18.33 673.51 Burford 4.08 21.07 774.01 3.34 18.42 676.82 Port Perry 3.99 20.98 770.70 3.25 18.33 673.51 Norfolk 4.00 20.99 771.07 3.20 18.28 671.68 Palmerston 3.97 20.96 769.96 3.18 18.26 670.94 Varna 3.95 20.94 769.23 3.25 18.33 673.51 Trenton 4.00 20.99 771.07 3.25 18.33 673.51 Winchester 4.04 21.03 772.54 3.31 18.39 675.72 North Gower 4.20 21.19 778.42 3.35 18.43 677.19 Vankleek Hil4.38 21.37 785.03 3.26 18.34 673.88 Huron FOB 4.13 4.26 4.29 4.32 21.12 775.84 N/A Kent FOB 4.30 21.29 782.09 3.20 18.28 671.68 Lambton FOB 4.26 21.25 780.62 3.93 19.01 698.50 Mdsx FOB 3.79 4.29 4.36 N/A 20.78 763.35 3.56 18.64 684.90 PROCESSORS Windsor 4.64 21.63 794.58 3.60 18.68 686.37 TRANSFER Hamilton 4.60 21.59 793.11 3.80 18.88 693.72 Prescott N/A 3.58 18.66 685.64 Port Colborn4.23 21.22 779.52 3.93 19.01 698.50 Toledo El. -0.06 16.92 621.78 -0.44 14.64 537.93 Exchange rate was 1.2568 down 0.0017 Chicago wheat closed slightly lower. JUL22 HI 11.21 1/4 SEP22 HI 10.87 3/4 LOW 10.85 1/4 LOW 10.56 1/4 CLOSE 10.91 1/4 Down 9 3/4 CLOSE 10.62 Down 6 1/2 Minni wheat closed slightly lower. MAY22 HI 11.16 SEP22 HI 10.88 1/4 LOW 10.86 1/4 LOW 10.63 CLOSE 10.89 1/4 Down 6 1/2 CLOSE 10.64 1/2 Down 3 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 1.21 1.59 1.02 N/A 2.18 1.74 1.42 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 1.79 1.35 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 1.21 1.59 1.02 1.16 2.18 1.74 1.42 N/A North Gower N/A N/A N/A N/A N/A N/A 1.20 N/A W O Feed 2.60 TERMINAL Port Colbor N/A N/A 1.34 N/A N/A N/A 1.88 N/A PROCESSORS Toledo FM N/A N/A 2.44 N/A N/A N/A 2.73 N/A Toledo El. 10.75US 13.51CA 10.71US 13.46CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 732.06 DDG's FOB Srn & Aylm 365.00 - 370.00