FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, July 11
11 Jul 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, July 11 Exchange rate was 1.2984 up 0.0027 Chicago soybeans closed slightly higher. AUG22 HI 15.52 3/4 NOV22 HI 14.38 1/2 LOW 15.16 1/4 LOW 14.00 3/4 CLOSE15.22 Up 8 3/4 CLOSE 14.05 Up 8 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +AUG22+NOV22+NOV22 CK Low 5.28 20.50 753.25 3.60 17.65 648.53 CK High 5.50 20.72 761.33 3.90 17.95 659.55 CK Average 5.43 0.68 20.65 758.76 3.79 -0.31 17.84 655.35 Essex Cty 5.50 20.72 761.33 3.80 17.85 655.88 Mdsx Low 5.30 20.52 753.98 3.65 17.70 650.36 Mdsx High 5.50 20.72 761.33 3.87 17.92 658.45 Mdsx Average5.38 0.65 20.60 757.04 3.79 -0.31 17.84 655.51 Hensall 5.40 20.62 757.66 3.70 17.75 652.20 Bruce 5.28 20.50 753.25 3.75 17.80 654.04 Putnam 5.50 20.72 761.33 3.80 17.85 655.88 Burford 5.36 20.58 756.19 3.93 17.98 660.65 Port Perry 5.27 20.49 752.88 3.84 17.89 657.34 Norfolk 5.50 20.72 761.33 3.90 17.95 659.55 Palmerston 5.32 20.54 754.72 3.61 17.66 648.89 Varna 5.35 20.57 755.82 3.65 17.70 650.36 Trenton N/A 3.80 17.85 655.88 Winchester N/A 3.67 17.72 651.10 North Gower 4.50 19.72 724.59 3.60 17.65 648.53 Vankleek Hil3.08 18.30 672.41 3.50 17.55 644.85 Huron FOB 5.49 5.49 N/A N/A 20.71 760.96 3.97 18.02 662.12 Kent FOB 5.60 20.82 765.00 3.85 17.90 657.71 Lambton FOB 5.32 20.54 754.72 N/A Mdsx FOB 5.53 5.53 N/A N/A 20.75 762.43 4.23 18.28 671.68 PROCESSORS Windsor 6.08 21.30 782.64 4.16 18.21 669.10 TRANSFER Hamilton 6.00 21.22 779.70 4.55 18.60 683.43 Prescott N/A 3.96 18.01 661.75 Port Colborn N/A 4.67 18.72 687.84 Toledo El. 0.84 16.06 590.25 -0.45 13.60 499.55 Exchange rate was 1.2984 up 0.0027 Chicago wheat closed lower. SEP22 HI 9.40 1/4 JUL23 HI 9.52 1/2 LOW 8.53 3/4 LOW 8.73 CLOSE 8.56 1/2 Down 35 CLOSE 8.75 1/2 Down 30 3/4 Minni wheat closed lower. SEP22 HI 10.44 1/2 SEP23 HI 10.06 1/4 LOW 9.51 3/4 LOW 9.50 1/4 CLOSE 9.56 3/4 Down 35 CLOSE 9.52 1/2 Down 34 1/4 Direct MarkHarvest 2022 Harvest 2023 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 1.65 N/A N/A N/A 1.70 N/A London 3.18 2.59 1.87 N/A 2.57 2.24 1.72 N/A Hensall 2.85 N/A 1.65 N/A 2.50 N/A 1.70 N/A Trenton N/A N/A 1.65 N/A N/A N/A 1.70 N/A Bruce 2.75 2.25 1.65 1.60 2.30 2.05 1.70 N/A Essex N/A N/A 1.55 N/A N/A N/A 1.55 N/A Norwich 2.85 N/A 1.65 N/A 2.50 N/A 1.70 N/A Port Hope N/A N/A 1.65 N/A N/A N/A 1.70 N/A Kent Bridge 2.85 N/A 1.65 N/A 2.50 N/A 1.70 N/A Chatham N/A N/A 1.65 N/A N/A N/A 1.60 N/A Brigden N/A N/A 1.65 N/A N/A N/A 1.60 N/A Palmerston N/A 2.30 1.97 N/A N/A N/A 1.51 N/A Varna 2.75 2.25 1.65 N/A 2.30 2.05 1.70 N/A Mitchell 2.85 2.40 1.65 N/A 2.50 2.15 1.70 N/A Thornton 3.18 2.59 1.87 2.27 2.57 2.24 1.72 N/A North Gower N/A 1.25 1.65 1.12 N/A 1.15 1.55 0.82 W O Feed 2.28 TERMINAL Port Colbor N/A N/A 2.33 N/A N/A N/A 2.12 N/A PROCESSORS Toledo FM N/A N/A 2.56 N/A N/A N/A N/A N/A Toledo El. 8.32US 10.80CA 8.66US 11.24CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 769.32 DDG's FOB Srn & Aylm 330.00 - 340.00