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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, September 2

2 Sep 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, September 2 Exchange rate was 1.313 down 0.0035 Chicago soybeans closed slightly to moderately higher. NOV22 HI 14.22 NOV22 HI 14.22 LOW 13.91 3/4 LOW 13.91 3/4 CLOSE14.20 1/2 Up 25 3/4 CLOSE 14.20 1/2 Up 25 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV22+NOV22+JAN23 CK Low 5.20 19.41 713.01 4.00 18.21 668.92 CK High 5.40 19.61 720.36 4.15 18.36 674.43 CK Average 5.33 0.68 19.54 717.91 4.09 -0.27 18.30 672.38 Essex Cty N/A 4.00 18.21 668.92 Mdsx Low N/A 4.10 18.31 672.59 Mdsx High N/A 4.16 18.37 674.80 Mdsx Average N/A 4.12 -0.25 18.33 673.33 Hensall 5.37 19.57 719.14 4.10 18.31 672.59 Bruce 5.00 19.21 705.66 4.10 18.31 672.59 Putnam 5.40 19.61 720.36 4.10 18.31 672.59 Burford N/A 4.22 18.43 677.00 Port Perry N/A 4.10 18.31 672.59 Norfolk N/A 4.10 18.31 672.59 Palmerston N/A 4.12 18.33 673.33 Varna 5.35 19.56 718.52 4.10 18.31 672.59 Trenton N/A 4.10 18.31 672.59 Winchester N/A 4.13 18.34 673.70 North Gower N/A 4.00 18.21 668.92 Vankleek Hil5.91 20.12 739.10 3.89 18.10 664.88 Huron FOB N/A N/A 4.19 3.96 4.11 18.32 672.96 Kent FOB N/A 4.10 18.31 672.59 Lambton FOB 4.05 18.26 670.76 4.20 18.41 676.27 Mdsx FOB 4.79 4.30 4.30 N/A 19.00 697.95 4.30 18.51 679.94 PROCESSORS Windsor N/A 4.57 18.78 689.86 TRANSFER Hamilton N/A 4.75 18.96 696.48 Prescott N/A 4.41 18.62 683.98 Port Colborn N/A 4.83 19.04 699.42 Toledo El. 0.33 14.53 534.01 -0.39 13.81 507.47 Exchange rate was 1.313 down 0.0035 Chicago wheat closed moderately higher. DEC22 HI 8.19 1/2 JUL23 HI 8.45 3/4 LOW 7.96 1/4 LOW 8.24 1/2 CLOSE 8.11 Up 16 3/4 CLOSE 8.38 1/2 Up 15 1/2 Minni wheat closed mixed. DEC22 HI 9.08 1/2 SEP23 HI 9.00 LOW 8.85 LOW 8.84 1/2 CLOSE 8.90 Up 3 1/2 CLOSE 8.84 1/2 Down 2 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 1.15 N/A N/A N/A 1.45 N/A London 2.99 1.94 1.15 N/A 2.68 2.02 1.36 N/A Hensall 3.75 N/A 1.15 N/A 2.55 N/A 1.45 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 1.00 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 1.45 N/A Port Hope N/A N/A 1.00 N/A N/A N/A 1.45 N/A Kent Bridge 3.75 N/A 1.15 N/A 2.55 N/A 1.45 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 2.54 1.29 2.27 N/A N/A 1.64 N/A Varna 2.55 1.90 1.20 N/A 2.55 2.00 1.45 N/A Mitchell 3.75 2.00 1.15 N/A 2.55 2.00 1.45 N/A Thornton 2.99 1.94 1.15 1.82 2.68 2.02 1.36 N/A North Gower N/A 0.75 1.15 1.12 N/A 0.95 1.35 0.87 W O Feed 2.05 TERMINAL Port Colbor N/A N/A 1.61 N/A N/A N/A 1.76 N/A PROCESSORS Toledo FM N/A N/A 2.24 N/A N/A N/A 2.49 N/A Toledo El. N/A 8.29US 10.88CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 787.06 DDG's FOB Srn & Aylm 280.00 - 310.00