FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, June 1
1 Jun 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, June 1 Exchange rate was 1.263 down 0.0015 Chicago soybeans closed mixed. JUL22 HI 17.06 1/2 NOV22 HI 15.34 1/2 LOW 16.75 1/4 LOW 15.03 1/4 CLOSE16.90 1/4 Up 7 CLOSE 15.15 1/4 Up 5 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JUL22+SEP22+NOV22 CK Low 4.20 21.10 775.38 3.39 18.54 681.32 CK High 4.60 21.50 790.08 3.50 18.65 685.36 CK Average 4.52 0.06 21.43 787.30 3.41 -0.45 18.57 682.16 Essex Cty 4.60 21.50 790.08 3.40 18.55 681.69 Mdsx Low 4.50 21.40 786.41 3.40 18.55 681.69 Mdsx High 4.60 21.50 790.08 3.41 18.56 682.06 Mdsx Average4.56 0.09 21.47 788.73 3.40 -0.46 18.56 681.81 Hensall 4.55 21.45 788.24 3.42 18.57 682.30 Bruce 4.55 21.45 788.24 3.40 18.55 681.69 Putnam 4.55 21.45 788.24 3.45 18.60 683.52 Burford 4.65 21.55 791.92 3.47 18.62 684.26 Port Perry 4.50 21.40 786.41 3.32 18.47 678.75 Norfolk 4.60 21.50 790.08 3.45 18.60 683.52 Palmerston 4.57 21.47 788.98 3.43 18.58 682.79 Varna 4.55 21.45 788.24 3.40 18.55 681.69 Trenton N/A 3.55 18.70 687.20 Winchester 4.25 21.15 777.22 3.50 18.65 685.36 North Gower 4.70 21.60 793.76 3.70 18.85 692.71 Vankleek Hil4.42 21.32 783.47 3.40 18.55 681.69 Huron FOB 4.68 4.70 4.70 3.48 21.58 793.02 3.48 18.63 684.63 Kent FOB 4.80 21.70 797.43 3.40 18.55 681.69 Lambton FOB 4.81 21.71 797.80 N/A Mdsx FOB 4.82 4.89 N/A N/A 21.72 798.17 3.68 18.83 691.98 PROCESSORS Windsor 5.06 21.96 806.98 3.84 18.99 697.85 TRANSFER Hamilton 5.25 22.15 813.97 4.05 19.20 705.57 Prescott N/A 3.92 19.07 700.79 Port Colborn N/A 3.75 18.90 694.55 Toledo El. 0.32 17.22 632.66 -0.44 14.71 540.52 Exchange rate was 1.263 down 0.0015 Chicago wheat closed lower. JUL22 HI 10.98 SEP22 HI 11.06 3/4 LOW 10.27 1/4 LOW 10.37 1/2 CLOSE 10.41 1/4 Down 46 1/4 CLOSE 10.52 1/4 Down 45 1/4 Minni wheat closed sharply lower. JUL22 HI 12.60 1/2 SEP22 HI 12.60 1/2 LOW 11.90 LOW 11.90 CLOSE 11.97 Down 50 1/2 CLOSE 11.97 1/4 Down 50 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 2.25 N/A London 2.04 2.35 1.79 N/A 2.56 2.37 1.87 N/A Hensall 2.00 N/A 2.00 N/A 3.15 N/A 2.15 N/A Trenton N/A N/A N/A N/A N/A N/A 2.20 N/A Bruce 1.90 2.40 1.90 N/A 2.95 2.40 2.05 1.40 Essex N/A N/A 1.80 N/A N/A N/A 1.95 N/A Norwich 2.00 N/A 2.00 N/A 3.15 N/A 2.15 N/A Port Hope N/A N/A N/A N/A N/A N/A 2.15 N/A Kent Bridge 2.00 N/A 2.00 N/A 3.15 N/A 2.15 N/A Chatham N/A N/A 1.80 N/A N/A N/A 1.95 N/A Brigden N/A N/A 1.80 N/A N/A N/A 1.95 N/A Palmerston N/A 1.98 1.54 2.38 N/A 2.50 1.99 N/A Varna 2.20 2.70 1.95 N/A 2.95 2.40 2.05 N/A Mitchell 2.00 2.70 2.00 N/A 3.15 2.50 2.15 N/A Thornton 2.04 2.35 1.79 1.36 2.56 2.37 1.87 N/A North Gower N/A N/A N/A N/A N/A N/A 2.25 N/A W O Feed 2.34 TERMINAL Port Colbor N/A N/A 2.24 N/A N/A N/A 2.26 N/A PROCESSORS Toledo FM N/A N/A 2.88 N/A N/A N/A 2.77 N/A Toledo El. 10.26US 12.96CA 10.26US 12.96CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 655.56 DDG's FOB Srn & Aylm 375.00 - 380.00