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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, June 22

22 Jun 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, June 22 Exchange rate was 1.2942 up 0.0021 Chicago soybeans closed moderately lower to lower. AUG22 HI 16.02 NOV22 HI 15.15 1/4 LOW 15.60 LOW 14.70 CLOSE15.64 Down 34 1/2 CLOSE 14.76 1/2 Down 34 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +AUG22+AUG22+NOV22 CK Low 4.95 20.59 756.55 3.75 18.52 680.31 CK High 5.50 21.14 776.76 3.91 18.68 686.19 CK Average 5.39 0.61 21.03 772.72 3.87 -0.37 18.63 684.56 Essex Cty 5.40 21.04 773.09 3.75 18.52 680.31 Mdsx Low 5.40 21.04 773.09 3.80 18.57 682.15 Mdsx High 5.50 21.14 776.76 3.93 18.70 686.92 Mdsx Average5.47 0.67 21.11 775.54 3.86 -0.37 18.63 684.35 Hensall 5.53 21.17 777.99 3.92 18.68 686.43 Bruce 5.50 21.14 776.76 3.90 18.67 685.82 Putnam 5.50 21.14 776.76 3.95 18.72 687.66 Burford 5.56 21.20 778.97 3.99 18.76 689.13 Port Perry 5.41 21.05 773.46 3.84 18.61 683.62 Norfolk 5.40 21.04 773.09 3.85 18.62 683.98 Palmerston 5.50 21.14 776.76 3.79 18.56 681.78 Varna 5.55 21.19 778.60 3.90 18.67 685.82 Trenton N/A 4.05 18.82 691.33 Winchester 4.96 20.60 756.92 3.92 18.69 686.56 North Gower 5.20 20.84 765.74 4.05 18.82 691.33 Vankleek Hil3.78 19.42 713.56 3.76 18.53 680.68 Huron FOB 5.41 5.54 5.60 3.78 21.05 773.46 3.78 18.55 681.41 Kent FOB 5.45 21.09 774.92 3.80 18.57 682.15 Lambton FOB 5.55 21.19 778.60 N/A Mdsx FOB 5.47 5.79 5.79 N/A 21.11 775.66 4.22 18.99 697.58 PROCESSORS Windsor 5.91 21.55 791.83 4.15 18.92 695.01 TRANSFER Hamilton 5.90 21.54 791.46 4.55 19.32 709.70 Prescott N/A 4.36 19.13 702.72 Port Colborn N/A 4.60 19.37 711.54 Toledo El. 1.10 16.74 615.09 -0.45 14.31 525.88 Exchange rate was 1.2942 up 0.0021 Chicago wheat closed narrowly mixed. JUL22 HI 10.07 1/4 SEP22 HI 10.18 1/2 LOW 9.60 LOW 9.72 1/4 CLOSE 9.76 1/2 Up 1 1/4 CLOSE 9.88 3/4 Up 1 1/2 Minni wheat closed moderately lower. JUL22 HI 11.30 SEP22 HI 11.30 LOW 11.02 1/2 LOW 11.03 CLOSE 11.06 Down 11 3/4 CLOSE 11.05 3/4 Down 12 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 2.05 N/A London 1.88 2.60 1.75 N/A 2.98 2.33 1.88 N/A Hensall 1.95 N/A 1.95 N/A 3.10 N/A 2.05 N/A Trenton N/A N/A N/A N/A N/A N/A 2.05 N/A Bruce 1.95 2.40 1.95 N/A 3.00 2.40 2.05 1.50 Essex N/A N/A 1.80 N/A N/A N/A 1.95 N/A Norwich 1.95 N/A 1.95 N/A 3.10 N/A 2.05 N/A Port Hope N/A N/A N/A N/A N/A N/A 2.05 N/A Kent Bridge 1.95 N/A 1.95 N/A 3.10 N/A 2.05 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 2.59 2.02 2.45 N/A 2.63 2.05 N/A Varna 2.20 2.70 1.95 N/A 3.10 2.55 2.05 N/A Mitchell 1.95 2.60 1.95 N/A 3.10 2.40 2.05 N/A Thornton 1.88 2.60 1.75 N/A 2.98 2.33 1.88 2.29 North Gower N/A N/A N/A N/A N/A N/A 2.20 N/A W O Feed 2.43 TERMINAL Port Colbor N/A N/A 2.28 N/A N/A N/A 2.34 N/A PROCESSORS Toledo FM N/A N/A 3.03 N/A N/A N/A 2.91 N/A Toledo El. 9.62US 12.44CA 9.62US 12.45CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 700.42 DDG's FOB Srn & Aylm 340.00 - 360.00