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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, July 13

13 Jul 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, July 13 Exchange rate was 1.2977 down 0.0014 Chicago soybeans closed slightly to moderately higher. AUG22 HI 14.97 1/4 NOV22 HI 13.62 1/4 LOW 14.44 3/4 LOW 13.15 3/4 CLOSE14.84 3/4 Up 16 1/2 CLOSE 13.49 1/2 Up 6 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 5.03 19.88 730.37 3.55 17.05 626.30 CK High 5.40 20.25 743.97 3.80 17.30 635.48 CK Average 5.24 0.63 20.09 738.03 3.62 -0.31 17.11 628.82 Essex Cty 5.20 20.05 736.62 3.55 17.05 626.30 Mdsx Low 5.05 19.90 731.11 3.60 17.10 628.13 Mdsx High 5.25 20.10 738.46 3.75 17.25 633.65 Mdsx Average5.17 0.58 20.01 735.39 3.65 -0.28 17.15 629.97 Hensall 5.40 20.25 743.97 3.75 17.25 633.65 Bruce 5.05 19.90 731.11 3.60 17.10 628.13 Putnam 5.40 20.25 743.97 3.65 17.15 629.97 Burford 5.11 19.96 733.31 3.66 17.16 630.34 Port Perry 5.02 19.87 730.01 3.57 17.07 627.03 Norfolk 5.20 20.05 736.62 3.65 17.15 629.97 Palmerston 5.51 20.36 748.01 3.81 17.31 635.85 Varna 5.40 20.25 743.97 3.80 17.30 635.48 Trenton N/A 3.70 17.20 631.81 Winchester N/A 3.85 17.35 637.32 North Gower 4.50 19.35 710.90 3.60 17.10 628.13 Vankleek Hil3.05 17.90 657.62 3.62 17.12 628.87 Huron FOB 5.33 5.33 N/A N/A 20.18 741.40 3.77 17.27 634.38 Kent FOB 5.30 20.15 740.29 3.60 17.10 628.13 Lambton FOB 5.32 20.17 741.03 N/A Mdsx FOB 5.07 5.07 N/A N/A 19.92 731.84 3.92 17.42 639.89 PROCESSORS Windsor N/A 3.93 17.43 640.26 TRANSFER Hamilton 5.55 20.40 749.48 4.30 17.80 653.85 Prescott N/A 4.05 17.55 644.67 Port Colborn N/A 4.40 17.90 657.53 Toledo El. 0.84 15.69 576.55 -0.45 13.04 479.17 Exchange rate was 1.2977 down 0.0014 Chicago wheat closed slightly lower. SEP22 HI 8.40 1/2 JUL23 HI 8.62 LOW 8.06 3/4 LOW 8.33 1/4 CLOSE 8.10 3/4 Down 3 1/2 CLOSE 8.36 1/2 Down 3 Minni wheat closed slightly lower to steady. SEP22 HI 9.42 1/2 SEP23 HI 9.50 1/2 LOW 9.07 LOW 9.07 3/4 CLOSE 9.13 3/4 Down 5 CLOSE 9.19 1/2 Unchanged 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 1.55 N/A N/A N/A 1.60 N/A London 2.92 2.34 1.55 N/A 2.35 2.02 1.50 N/A Hensall 2.75 N/A 1.55 N/A 2.40 N/A 1.60 N/A Trenton N/A N/A 1.65 N/A N/A N/A 1.70 N/A Bruce 2.65 2.25 1.55 1.60 2.30 2.05 1.60 N/A Essex N/A N/A 1.55 N/A N/A N/A 1.55 N/A Norwich 2.75 N/A 1.55 N/A 2.40 N/A 1.60 N/A Port Hope N/A N/A 1.55 N/A N/A N/A 1.60 N/A Kent Bridge 2.75 N/A 1.55 N/A 2.40 N/A 1.60 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 2.15 1.83 N/A N/A N/A 1.38 N/A Varna 2.75 2.25 1.65 N/A 2.30 2.05 1.70 N/A Mitchell 2.75 2.25 1.55 N/A 2.40 2.05 1.60 N/A Thornton 2.92 2.34 1.55 1.99 2.35 2.02 1.50 N/A North Gower N/A 1.25 1.65 1.12 N/A 1.15 1.55 0.82 W O Feed 2.13 TERMINAL Port Colbor N/A N/A 2.08 N/A N/A N/A 1.90 N/A PROCESSORS Toledo FM N/A N/A 2.41 N/A N/A N/A N/A N/A Toledo El. 7.86US 10.20CA 8.27US 10.73CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 770.75 DDG's FOB Srn & Aylm 330.00 - 340.00