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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, October 7

7 Oct 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, October 7 Exchange rate was 1.3719 down 0.0021 Chicago soybeans closed slightly higher. NOV22 HI 13.73 1/2 NOV23 HI 13.59 3/4 LOW 13.50 3/4 LOW 13.49 CLOSE13.67 Up 9 CLOSE 13.55 3/4 Up 4 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV22+JAN23+JAN23 CK Low 4.60 18.27 671.31 4.05 17.61 646.96 CK High 4.70 18.37 674.98 4.30 17.86 656.15 CK Average 4.64 -0.32 18.31 672.93 4.17 -0.63 17.73 651.43 Essex Cty 4.70 18.37 674.98 4.15 17.71 650.64 Mdsx Low 4.60 18.27 671.31 4.10 17.66 648.80 Mdsx High 4.70 18.37 674.98 4.24 17.80 653.95 Mdsx Average4.66 -0.31 18.33 673.60 4.19 -0.62 17.74 651.93 Hensall 4.65 18.32 673.14 4.17 17.72 651.25 Bruce 4.65 18.32 673.14 4.20 17.76 652.48 Putnam 4.65 18.32 673.14 4.20 17.76 652.48 Burford 4.77 18.44 677.55 4.31 17.87 656.52 Port Perry 4.61 18.28 671.68 4.15 17.71 650.64 Norfolk 4.70 18.37 674.98 4.20 17.76 652.48 Palmerston 4.55 18.22 669.47 N/A Varna 4.60 18.27 671.31 4.10 17.66 648.80 Trenton 4.70 18.37 674.98 4.10 17.66 648.80 Winchester 4.70 18.37 674.98 4.11 17.67 649.17 North Gower 4.85 18.52 680.49 4.15 17.71 650.64 Vankleek Hil4.96 18.63 684.54 4.25 17.81 654.31 Huron FOB 4.71 4.87 4.79 4.58 18.38 675.35 N/A Kent FOB 4.65 18.32 673.14 4.20 17.76 652.48 Lambton FOB 4.80 18.47 678.66 N/A Mdsx FOB 5.00 5.05 N/A N/A 18.67 686.01 N/A PROCESSORS Windsor 5.25 18.92 695.19 4.54 18.10 664.97 TRANSFER Hamilton 5.35 19.02 698.87 4.70 18.26 670.85 Prescott 5.04 18.71 687.47 4.25 17.81 654.31 Port Colborn5.58 19.25 707.32 4.74 18.30 672.32 Toledo El. -0.34 13.33 489.68 -0.62 12.94 475.47 Exchange rate was 1.3719 down 0.0021 Chicago wheat closed slightly higher. DEC22 HI 8.96 3/4 JUL23 HI 9.07 LOW 8.72 1/2 LOW 8.89 1/4 CLOSE 8.80 1/4 Up 1 1/4 CLOSE 8.96 1/2 Up 5 1/4 Minni wheat closed slightly higher. DEC22 HI 9.82 SEP23 HI 9.60 LOW 9.63 1/4 LOW 9.35 1/2 CLOSE 9.68 Up 5 1/2 CLOSE 9.48 1/2 Up 7 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 1.75 N/A N/A N/A 1.85 N/A London 3.79 2.42 1.58 N/A 3.42 2.46 1.89 N/A Hensall 4.70 N/A 1.75 N/A 3.10 N/A 1.85 N/A Trenton N/A N/A N/A N/A N/A N/A 1.85 N/A Bruce 2.75 2.35 1.75 1.15 2.85 2.35 1.85 1.00 Essex N/A N/A 1.70 N/A N/A N/A 1.85 N/A Norwich 4.70 N/A 1.75 N/A 3.10 N/A 1.85 N/A Port Hope N/A N/A 1.55 N/A N/A N/A 1.85 N/A Kent Bridge 4.70 N/A 1.75 N/A 3.10 N/A 1.85 N/A Chatham N/A N/A 1.70 N/A N/A N/A 1.85 N/A Brigden N/A N/A 1.70 N/A N/A N/A 1.85 N/A Palmerston N/A N/A N/A N/A N/A N/A N/A N/A Varna 4.25 2.60 1.75 N/A 3.05 2.40 1.85 N/A Mitchell 4.70 2.45 1.75 N/A 3.10 2.35 1.85 N/A Thornton 3.79 2.42 1.58 2.53 3.42 2.46 1.89 N/A North Gower N/A 1.05 1.45 1.37 N/A 1.35 1.75 1.37 W O Feed 2.51 TERMINAL Port Colbor N/A N/A 2.07 N/A N/A N/A 2.18 N/A PROCESSORS Toledo FM N/A N/A 3.34 N/A N/A N/A 3.20 N/A Toledo El. 8.50US 11.66CA 8.87US 12.16CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 711.77 DDG's FOB Srn & Aylm 300.00 - 345.00