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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, September 16

16 Sep 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, September 16 Exchange rate was 1.3294 up 0.0083 Chicago soybeans closed steady to slightly lower. NOV22 HI 14.55 NOV23 HI 13.68 3/4 LOW 14.33 3/4 LOW 13.50 1/2 CLOSE 14.48 1/2 Down 3 CLOSE 13.66 Unchanged OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV22+NOV22+JAN23 CK Low 4.35 18.84 692.07 3.75 17.41 639.71 CK High 4.40 18.89 693.90 3.83 17.49 642.65 CK Average 4.39 -0.29 18.88 693.54 3.80 -0.53 17.46 641.55 Essex Cty 4.35 18.84 692.07 3.75 17.41 639.71 Mdsx Low 4.30 18.79 690.23 3.70 17.36 637.87 Mdsx High 4.45 18.94 698.74 3.88 17.54 644.48 Mdsx Average4.39 -0.29 18.88 693.54 3.80 -0.53 17.46 641.55 Hensall 4.40 18.89 693.90 3.80 17.46 641.55 Bruce 4.35 18.84 692.07 3.75 17.41 639.71 Putnam 4.40 18.89 693.90 3.80 17.46 641.55 Burford 4.51 19.00 697.95 3.94 17.60 646.69 Port Perry 4.32 18.81 690.97 3.75 17.41 639.71 Norfolk 4.40 18.89 693.90 3.80 17.46 641.55 Palmerston 4.35 18.84 692.07 N/A Varna 4.40 18.89 693.90 3.80 17.46 641.55 Trenton 4.30 18.79 690.23 3.75 17.41 639.71 Winchester 4.29 18.78 689.86 3.75 17.41 639.71 North Gower 4.20 18.69 686.56 3.60 17.26 634.20 Vankleek Hil4.05 18.54 681.04 3.49 17.15 630.15 Huron FOB N/A 4.46 4.53 4.31 N/A Kent FOB 4.40 18.89 693.90 3.80 17.46 641.55 Lambton FOB 4.48 18.97 696.84 N/A Mdsx FOB 4.72 4.63 4.63 N/A 19.21 705.66 N/A PROCESSORS Windsor 4.56 19.05 699.78 3.75 17.41 639.71 TRANSFER Hamilton 5.05 19.54 717.79 4.30 17.96 659.92 Prescott 4.62 19.11 701.99 3.63 17.29 635.30 Port Colborn5.16 19.65 721.83 4.22 17.88 656.98 Toledo El. -0.40 14.90 517.54 -0.60 13.06 479.87 Exchange rate was 1.3294 up 0.0088 Chicago wheat closed moderately higher. DEC22 HI 8.66 1/2 JUL23 HI 8.81 LOW 8.30 3/4 LOW 8.50 CLOSE 8.59 3/4 Up 14 3/4 CLOSE 8.75 3/4 Up 15 Minni wheat closed moderately higher. DEC22 HI 9.46 1/4SEP23 HI 9.22 LOW 9.16 LOW 9.00 1/2 CLOSE 9.38 3/4 Up 10 CLOSE 9.20 Up 14 1/2 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 3.23 2.04 1.13 N/A 2.89 2.23 1.43 N/A Hensall 3.75 N/A 1.15 N/A 2.55 N/A 1.45 N/A Trenton N/A N/A 0.90 N/A N/A N/A 1.40 N/A Bruce 2.00 1.70 1.15 1.00 2.00 1.90 1.45 1.00 Essex N/A N/A 1.15 N/A N/A N/A 1.50 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 1.55 N/A Brigden N/A N/A 1.15 N/A N/A N/A 1.55 N/A Palmerston N/A 2.16 1.43 2.22 N/A N/A 1.65 N/A Varna 3.50 2.00 1.15 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 3.23 2.04 1.13 2.01 2.89 2.23 1.43 N/A North Gower N/A 0.80 1.20 1.22 N/A 1.10 1.50 0.97 W O Feed 2.09 TERMINAL Port Colbor N/A N/A 1.50 N/A N/A N/A 1.83 N/A PROCESSORS Toledo FM N/A N/A 2.57 N/A N/A N/A 2.75 N/A Toledo El. 8.25US 10.96CA 8.66US 11.51CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 756.84 DDG's FOB Srn & Aylm 280.00 - 320.00