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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, March 31

31 Mar 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, March 31 Exchange rate was 1.2488 up 0.0008 Chicago soybeans closed moderately lower to lower. JUL22 HI 16.57 1/4 NOV22 HI 14.82 LOW 15.94 1/4 LOW 14.18 1/4 CLOSE15.98 Down 44 1/2 CLOSE 14.20 1/2 Down 49 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JUL22+JUL22+JUL22 CK Low 3.70 19.68 723.12 2.90 17.11 628.50 CK High 3.95 19.93 732.30 3.15 17.36 637.69 CK Average 3.83 -0.12 19.81 727.79 3.01 -0.42 17.22 632.60 Essex Cty 3.80 19.78 726.79 2.95 17.16 630.34 Mdsx Low 3.80 19.78 726.79 3.00 17.21 632.18 Mdsx High 3.94 19.92 731.93 3.13 17.34 636.95 Mdsx Average3.86 -0.09 19.84 729.12 3.06 -0.38 17.27 634.38 Hensall 3.83 19.81 728.02 3.03 17.24 633.40 Bruce 3.90 19.88 730.46 3.05 17.26 634.01 Putnam 3.80 19.78 726.79 2.90 17.11 628.50 Burford 3.99 19.97 733.77 3.18 17.39 638.79 Port Perry 3.89 19.87 730.10 3.08 17.29 635.12 Norfolk 3.80 19.78 726.79 3.00 17.21 632.18 Palmerston 3.66 19.64 721.65 2.92 17.13 629.24 Varna 3.85 19.83 728.63 3.10 17.31 635.85 Trenton 3.80 19.78 726.79 3.10 17.31 635.85 Winchester 3.79 19.77 726.42 3.08 17.29 635.12 North Gower 4.10 20.08 737.81 3.20 17.41 639.52 Vankleek Hil4.07 20.05 736.71 3.07 17.28 634.75 Huron FOB 3.90 4.03 4.05 4.09 19.88 730.46 N/A Kent FOB 4.20 20.18 741.49 3.15 17.36 637.69 Lambton FOB 4.26 20.24 743.69 3.93 18.14 666.35 Mdsx FOB 3.51 4.14 4.08 N/A 19.49 716.13 3.33 17.54 644.30 PROCESSORS Windsor 4.42 20.40 749.57 3.30 17.51 643.20 TRANSFER Hamilton 4.50 20.48 752.51 3.70 17.91 657.90 Prescott N/A 3.32 17.53 643.93 Port Colborn4.58 20.56 755.45 3.77 17.98 660.47 Toledo El. -0.06 15.92 584.87 -0.44 13.77 505.88 Exchange rate was 1.2488 up 0.0008 Chicago wheat closed slightly to moderately lower. JUL22 HI 10.68 3/4 SEP22 HI 10.50 LOW 10.00 LOW 9.87 CLOSE 10.02 Down 21 CLOSE 9.89 Down 19 1/4 Minni wheat closed slightly to moderately higher. MAY22 HI 11.16 1/4 SEP22 HI 10.86 LOW 10.55 1/4 LOW 10.35 CLOSE 10.79 1/2 Up 21 1/2 CLOSE 10.46 1/2 Up 9 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 1.50 N/A London 1.02 1.65 1.27 N/A 1.97 1.72 1.41 N/A Hensall 1.20 N/A 1.20 N/A 2.50 N/A 1.50 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 1.20 N/A N/A N/A 1.50 N/A Norwich 1.20 N/A 1.20 N/A 2.50 N/A 1.50 N/A Port Hope N/A N/A 1.20 N/A N/A N/A 1.50 N/A Kent Bridge 1.20 N/A 1.20 N/A 2.50 N/A 1.50 N/A Chatham N/A N/A 1.20 N/A N/A N/A 1.50 N/A Brigden N/A N/A N/A N/A N/A N/A 1.50 N/A Palmerston N/A N/A N/A N/A N/A 1.56 1.56 N/A Varna 1.45 1.95 1.20 N/A 2.40 1.80 1.50 N/A Mitchell 1.20 1.90 1.20 N/A 2.50 1.80 1.50 N/A Thornton 1.02 1.65 1.27 0.44 1.97 1.72 1.41 N/A North Gower N/A N/A N/A N/A N/A N/A 1.25 N/A W O Feed 2.26 TERMINAL Port Colbor N/A N/A 1.79 N/A N/A N/A 1.86 N/A PROCESSORS Toledo FM N/A N/A 2.33 N/A N/A N/A 2.46 N/A Toledo El. 9.76US 12.19CA 9.82US 12.26CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 711.55 DDG's FOB Srn & Aylm 370.00 - 380.00