FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, October 11
11 Oct 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, October 11 Exchange rate was 1.3743 down 0.0006 Chicago soybeans closed slightly higher. NOV22 HI 13.85 1/4 NOV23 HI 13.68 1/2 LOW 13.65 1/4 LOW 13.55 1/4 CLOSE13.76 1/4 Up 2 1/4 CLOSE 13.60 Up 1 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV22+JAN23+JAN23 CK Low 4.65 18.41 676.54 4.05 17.65 648.53 CK High 4.80 18.56 682.06 4.35 17.95 659.55 CK Average 4.71 -0.32 18.47 678.75 4.24 -0.62 17.84 655.40 Essex Cty 4.75 18.51 680.22 4.20 17.80 654.04 Mdsx Low 4.60 18.36 674.71 4.10 17.70 650.36 Mdsx High 4.76 18.52 680.59 4.35 17.95 659.55 Mdsx Average4.70 -0.33 18.47 678.47 4.24 -0.62 17.84 655.42 Hensall 4.73 18.50 679.61 4.27 17.87 656.49 Bruce 4.70 18.46 678.38 4.30 17.90 657.71 Putnam 4.70 18.46 678.38 4.30 17.90 657.71 Burford 4.83 18.59 683.16 4.42 18.02 662.12 Port Perry 4.67 18.43 677.28 4.26 17.86 656.24 Norfolk 4.75 18.51 680.22 4.25 17.85 655.88 Palmerston 4.71 18.47 678.75 N/A Varna 4.75 18.51 680.22 4.25 17.85 655.88 Trenton 4.70 18.46 678.38 4.10 17.70 650.36 Winchester 4.85 18.61 683.89 4.35 17.95 659.55 North Gower 4.80 18.56 682.06 4.25 17.85 655.88 Vankleek Hil4.98 18.74 688.67 4.41 18.01 661.75 Huron FOB 4.90 5.02 4.95 4.81 18.66 685.73 N/A Kent FOB 4.70 18.46 678.38 4.25 17.85 655.88 Lambton FOB 5.01 18.77 689.77 N/A Mdsx FOB 5.14 5.19 N/A N/A 18.90 694.55 N/A PROCESSORS Windsor 5.25 19.01 698.59 4.54 18.14 666.53 TRANSFER Hamilton 5.40 19.16 704.10 4.75 18.35 674.25 Prescott 5.36 19.12 702.63 4.49 18.09 664.69 Port Colborn5.72 19.48 715.86 4.85 18.45 677.92 Toledo El. -0.34 13.42 493.06 -0.62 12.98 476.99 Exchange rate was 1.3743 down 0.0006 Chicago wheat closed lower. DEC22 HI 9.36 3/4 JUL23 HI 9.37 3/4 LOW 8.98 LOW 9.07 1/2 CLOSE 9.01 Down 37 CLOSE 9.11 1/4 Down 29 Minni wheat closed moderately lower to lower. DEC22 HI 10.13 3/4 SEP23 HI 9.71 LOW 9.81 1/4 LOW 9.53 3/4 CLOSE 9.85 1/4 Down 29 CLOSE 9.54 Down 17 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 1.75 N/A N/A N/A 1.85 N/A London 3.98 2.60 1.76 N/A 3.57 2.61 1.89 N/A Hensall 4.70 N/A 1.70 N/A 3.20 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 1.70 N/A 3.20 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 1.70 N/A 3.20 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 2.84 1.87 2.60 N/A N/A N/A N/A Varna 4.30 2.65 1.80 N/A 3.05 2.40 1.85 N/A Mitchell 4.70 2.45 1.70 N/A 3.20 2.40 1.85 N/A Thornton 3.98 2.60 1.76 2.70 3.57 2.61 1.89 N/A North Gower N/A 1.25 1.62 1.47 N/A 1.52 1.92 1.47 W O Feed 2.61 TERMINAL Port Colbor N/A N/A 2.25 N/A N/A N/A 2.19 N/A PROCESSORS Toledo FM N/A N/A 3.44 N/A N/A N/A 3.27 N/A Toledo El. 8.71US 11.97CA 9.01US 12.39CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 682.34 DDG's FOB Srn & Aylm 300.00 - 350.00