FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, July 21
21 Jul 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, July 21 Exchange rate was 1.2896 up 0.0013 Chicago soybeans closed moderately lower to lower. NOV22 HI 13.41 3/4 NOV22 HI 13.41 3/4 LOW 12.94 3/4 LOW 12.94 3/4 CLOSE13.01 1/2 Down 30 3/4 CLOSE 13.01 1/2 Down 30 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV22+NOV22+NOV22 CK Low 5.65 18.67 685.82 3.40 16.42 603.15 CK High 6.15 19.17 704.19 3.60 16.62 610.50 CK Average 6.08 1.79 19.09 701.46 3.46 -0.24 16.48 605.51 Essex Cty 6.15 19.17 704.19 3.40 16.42 603.15 Mdsx Low 6.15 19.17 704.19 3.45 16.47 604.99 Mdsx High 6.15 19.17 704.19 3.50 16.52 606.82 Mdsx Average6.15 1.85 19.17 704.19 3.47 -0.23 16.49 605.84 Hensall 6.15 19.17 704.19 3.50 16.52 606.82 Bruce 6.15 19.17 704.19 3.45 16.47 604.99 Putnam 6.15 19.17 704.19 3.50 16.52 606.82 Burford 6.21 19.23 706.40 3.53 16.55 607.92 Port Perry 6.12 19.14 703.09 3.44 16.46 604.62 Norfolk 6.15 19.17 704.19 3.50 16.52 606.82 Palmerston 6.17 19.19 704.93 3.51 16.53 607.19 Varna 6.15 19.17 704.19 3.50 16.52 606.82 Trenton N/A 3.50 16.52 606.82 Winchester N/A 3.56 16.58 609.03 North Gower 5.67 18.69 686.56 3.55 16.57 608.66 Vankleek Hil4.01 17.03 625.56 3.27 16.29 598.37 Huron FOB 6.25 6.25 N/A N/A 19.27 707.87 3.60 16.62 610.50 Kent FOB 6.15 19.17 704.19 3.45 16.47 604.99 Lambton FOB 6.05 19.07 700.52 N/A Mdsx FOB 6.25 6.25 N/A N/A 19.27 707.87 3.75 16.77 616.01 PROCESSORS Windsor 6.73 19.75 725.50 3.82 16.84 618.58 TRANSFER Hamilton 6.60 19.62 720.73 4.15 17.17 630.71 Prescott N/A 3.85 16.87 619.68 Port Colborn N/A 4.23 17.25 633.65 Toledo El. 2.35 15.36 564.46 -0.45 12.56 461.64 Exchange rate was 1.2896 up 0.0013 Chicago wheat closed moderately lower. SEP22 HI 8.34 JUL23 HI 8.52 1/2 LOW 7.95 1/2 LOW 8.19 1/4 CLOSE 8.06 1/4 Down 13 1/4 CLOSE 8.29 3/4 Down 13 3/4 Minni wheat closed moderately lower. SEP22 HI 9.30 SEP23 HI 9.25 LOW 9.09 LOW 9.13 1/4 CLOSE 9.12 1/2 Down 11 3/4 CLOSE 9.13 1/4 Down 11 3/4 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 1.50 N/A N/A N/A 1.45 N/A London 2.83 2.19 1.48 N/A 2.26 1.87 1.55 N/A Hensall 2.90 N/A 1.50 N/A 2.50 N/A 1.45 N/A Trenton N/A N/A 1.50 N/A N/A N/A 1.50 N/A Bruce 2.60 2.10 1.50 1.60 2.30 1.80 1.45 N/A Essex N/A N/A 1.45 N/A N/A N/A 1.50 N/A Norwich 2.90 N/A 1.50 N/A 2.50 N/A 1.45 N/A Port Hope N/A N/A 1.50 N/A N/A N/A 1.45 N/A Kent Bridge 2.90 N/A 1.50 N/A 2.50 N/A 1.45 N/A Chatham N/A N/A 1.45 N/A N/A N/A 1.55 N/A Brigden N/A N/A 1.45 N/A N/A N/A 1.55 N/A Palmerston N/A 2.34 1.70 N/A N/A N/A 1.31 N/A Varna 2.75 2.20 1.45 N/A 2.40 1.90 1.45 N/A Mitchell 2.90 2.10 1.50 N/A 2.50 1.80 1.45 N/A Thornton 2.83 2.19 1.48 1.84 2.26 1.87 1.55 N/A North Gower N/A 1.10 1.50 1.17 N/A 1.05 1.45 0.87 W O Feed 2.13 TERMINAL Port Colbor N/A N/A 2.13 N/A N/A N/A 1.88 N/A PROCESSORS Toledo FM N/A N/A 2.33 N/A N/A N/A N/A N/A Toledo El. 7.81US 10.07CA 8.20US 10.57CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 757.74 DDG's FOB Srn & Aylm 315.00 - 340.00