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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, August 30

30 Aug 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, August 30 Exchange rate was 1.31 up 0.0090 Chicago soybeans closed slightly lower. NOV22 HI 14.40 NOV22 HI 14.40 LOW 14.08 1/4 LOW 14.08 1/4 CLOSE14.32 1/2 Down 5 1/4 CLOSE 14.32 1/2 Down 5 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV22+NOV22+NOV22 CK Low 5.12 19.45 714.48 3.85 18.18 667.82 CK High 5.30 19.63 721.10 4.05 18.38 675.17 CK Average 5.24 0.61 19.56 718.77 3.95 -0.37 18.28 671.49 Essex Cty 5.25 19.58 719.26 3.85 18.18 667.82 Mdsx Low 5.17 19.50 716.32 3.95 18.28 671.49 Mdsx High 5.25 19.58 719.26 4.00 18.33 673.33 Mdsx Average5.21 0.58 19.53 717.67 3.97 -0.36 18.29 672.10 Hensall 5.22 19.54 718.03 3.95 18.28 671.49 Bruce 5.35 19.68 722.93 4.05 18.38 675.17 Putnam 5.25 19.58 719.26 3.95 18.28 671.49 Burford 5.23 19.56 718.52 4.06 18.39 675.53 Port Perry 5.11 19.44 714.11 3.94 18.27 671.12 Norfolk 5.25 19.58 719.26 3.95 18.28 671.49 Palmerston N/A 4.13 18.46 678.11 Varna 5.20 19.53 717.42 3.95 18.28 671.49 Trenton N/A 3.95 18.28 671.49 Winchester N/A 3.95 18.28 671.49 North Gower N/A 3.85 18.18 667.82 Vankleek Hil5.21 19.54 717.79 3.80 18.13 665.98 Huron FOB 5.03 N/A N/A 4.12 19.36 711.17 4.08 18.41 676.27 Kent FOB 5.25 19.58 719.26 3.95 18.28 671.49 Lambton FOB 5.00 19.33 710.07 4.20 18.53 680.68 Mdsx FOB 5.27 4.68 4.14 4.14 19.60 719.99 4.14 18.47 678.47 PROCESSORS Windsor N/A 4.46 18.79 690.23 TRANSFER Hamilton 5.50 19.83 728.44 4.60 18.93 695.37 Prescott N/A 4.26 18.59 682.88 Port Colborn N/A 4.67 19.00 697.95 Toledo El. 0.33 14.65 538.39 -0.39 13.93 511.91 Exchange rate was 1.31 up 0.0090 Chicago wheat closed moderately lower. DEC22 HI 8.46 1/4 JUL23 HI 8.68 1/2 LOW 8.16 1/2 LOW 8.43 3/4 CLOSE 8.20 1/4 Down 22 1/2 CLOSE 8.46 3/4 Down 17 3/4 Minni wheat closed slightly to moderately lower. SEP22 HI 9.20 1/4 SEP23 HI 9.26 LOW 8.87 1/2 LOW 9.07 CLOSE 9.04 1/2 Down 13 CLOSE 9.22 Down 8 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 1.15 N/A N/A N/A 1.40 N/A London 2.73 2.01 1.20 N/A 2.63 1.98 1.46 N/A Hensall 3.75 N/A 1.15 N/A 2.55 N/A 1.40 N/A Trenton N/A N/A 1.00 N/A N/A N/A 1.40 N/A Bruce 2.00 1.70 1.15 1.16 2.00 1.90 1.40 N/A Essex N/A N/A 1.15 N/A N/A N/A 1.40 N/A Norwich 3.75 N/A 1.15 N/A 2.55 N/A 1.40 N/A Port Hope N/A N/A 1.00 N/A N/A N/A 1.40 N/A Kent Bridge 3.75 N/A 1.15 N/A 2.55 N/A 1.40 N/A Chatham N/A N/A 1.15 N/A N/A N/A 1.45 N/A Brigden N/A N/A 1.15 N/A N/A N/A 1.45 N/A Palmerston N/A 2.24 1.30 2.40 N/A N/A 1.62 N/A Varna 2.55 2.00 1.15 N/A 2.50 2.00 1.40 N/A Mitchell 3.75 2.00 1.15 N/A 2.55 2.00 1.40 N/A Thornton 2.73 2.01 1.20 2.12 2.63 1.98 1.46 N/A North Gower N/A 0.67 1.08 1.22 N/A 0.95 1.35 0.87 W O Feed 1.97 TERMINAL Port Colbor N/A N/A 1.69 N/A N/A N/A 1.85 N/A PROCESSORS Toledo FM N/A N/A 2.18 N/A N/A N/A 2.49 N/A Toledo El. 7.78US 10.20CA 8.37US 10.96CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 793.46 DDG's FOB Srn & Aylm 280.00 - 310.00