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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, April 8

8 Apr 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, April 8 Exchange rate was 1.2581 down 0.0010 Chicago soybeans closed moderately higher to higher. JUL22 HI 16.68 3/4 NOV22 HI 14.97 1/2 LOW 16.25 3/4 LOW 14.63 CLOSE16.68 Up 41 CLOSE 14.95 1/2 Up 29 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JUL22+JUL22+JUL22 CK Low 4.05 20.73 761.70 3.20 18.16 667.08 CK High 4.20 20.88 767.21 3.25 18.21 668.92 CK Average 4.07 -0.19 20.75 762.48 3.24 -0.50 18.19 668.39 Essex Cty 4.05 20.73 761.70 3.20 18.16 667.08 Mdsx Low 3.80 20.48 752.51 3.00 17.96 659.73 Mdsx High 4.20 20.88 767.21 3.25 18.21 668.92 Mdsx Average4.02 -0.23 20.70 760.47 3.15 -0.56 18.11 665.24 Hensall 4.05 20.73 761.70 3.22 18.17 667.69 Bruce 4.05 20.73 761.70 3.25 18.21 668.92 Putnam 4.05 20.73 761.70 3.25 18.21 668.92 Burford 4.25 20.93 769.05 3.25 18.21 668.92 Port Perry 4.15 20.83 765.37 3.15 18.11 665.24 Norfolk 4.05 20.73 761.70 3.25 18.21 668.92 Palmerston 3.99 20.67 759.49 3.16 18.12 665.61 Varna 4.05 20.73 761.70 3.20 18.16 667.08 Trenton 4.00 20.68 759.86 3.25 18.21 668.92 Winchester 4.04 20.72 761.33 3.25 18.21 668.92 North Gower 3.85 20.53 754.35 3.00 17.96 659.73 Vankleek Hil4.25 20.93 769.05 3.34 18.30 672.23 Huron FOB 4.25 4.31 4.37 4.37 20.93 769.05 N/A Kent FOB 4.30 20.98 770.88 3.25 18.21 668.92 Lambton FOB N/A N/A Mdsx FOB 4.40 4.40 4.53 N/A 21.08 774.56 3.45 18.41 676.27 PROCESSORS Windsor 4.86 21.54 791.46 3.59 18.55 681.41 TRANSFER Hamilton 4.70 21.38 785.58 3.80 18.76 689.13 Prescott N/A 3.53 18.49 679.21 Port Colborn4.84 21.52 790.72 3.91 18.87 693.17 Toledo El. 0.01 16.69 613.35 -0.44 14.51 533.32 Exchange rate was 1.2581 down 0.0010 Chicago wheat closed moderately higher to higher. JUL22 HI 10.60 SEP22 HI 10.58 1/4 LOW 10.22 1/4 LOW 10.20 3/4 CLOSE 10.58 1/4 Up 33 CLOSE 10.56 1/2 Up 32 1/4 Minni wheat closed moderately higher. MAY22 HI 11.29 3/4 SEP22 HI 11.07 LOW 10.97 1/4 LOW 10.75 1/4 CLOSE 11.27 1/4 Up 27 3/4 CLOSE 11.05 1/2 Up 27 1/4 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 1.55 N/A London 1.29 1.86 1.29 N/A 2.53 1.90 1.64 N/A Hensall 1.25 N/A 1.25 N/A 2.45 N/A 1.55 N/A Trenton N/A N/A N/A N/A N/A N/A 1.55 N/A Bruce 1.25 1.85 1.25 N/A 2.35 1.85 1.55 1.30 Essex N/A N/A 1.25 N/A N/A N/A 1.55 N/A Norwich 1.25 N/A 1.25 N/A 2.45 N/A 1.55 N/A Port Hope N/A N/A N/A N/A N/A N/A 1.55 N/A Kent Bridge 1.25 N/A 1.25 N/A 2.45 N/A 1.55 N/A Chatham N/A N/A 1.25 N/A N/A N/A 1.55 N/A Brigden N/A N/A 1.25 N/A N/A N/A 1.55 N/A Palmerston N/A 1.05 1.24 2.26 N/A 1.77 1.77 N/A Varna 1.50 2.00 1.25 N/A 2.45 1.85 1.55 N/A Mitchell 1.25 1.95 1.25 N/A 2.45 1.85 1.55 N/A Thornton 1.29 1.86 1.29 0.73 2.53 1.90 1.64 N/A North Gower N/A N/A N/A N/A N/A N/A 1.45 N/A W O Feed 2.31 TERMINAL Port Colbor N/A N/A 1.81 N/A N/A N/A 2.10 N/A PROCESSORS Toledo FM N/A N/A 2.71 N/A N/A N/A 2.73 N/A Toledo El. 10.21US 12.85CA 10.39US 13.07CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 716.73 DDG's FOB Srn & Aylm 370.00