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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, October 14

14 Oct 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, October 14 Exchange rate was 1.3892 up 0.0162 Chicago soybeans closed slightly lower. NOV22 HI 14.10 NOV23 HI 13.79 LOW 13.82 3/4 LOW 13.54 CLOSE13.83 3/4 Down 12 CLOSE 13.55 3/4 Down 10 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV22+JAN23+JAN23 CK Low 4.85 18.69 686.65 4.29 17.85 655.78 CK High 5.00 18.84 692.16 4.45 18.01 661.66 CK Average 4.90 -0.35 18.73 688.33 4.38 -0.64 17.94 659.25 Essex Cty 4.90 18.74 688.49 4.35 17.91 657.99 Mdsx Low 4.85 18.69 686.65 4.33 17.89 657.25 Mdsx High 4.91 18.75 688.85 4.40 17.96 659.83 Mdsx Average4.88 -0.37 18.72 687.66 4.38 -0.64 17.94 659.18 Hensall 4.85 18.69 686.65 4.40 17.96 659.83 Bruce 4.85 18.69 686.65 4.40 17.96 659.83 Putnam 4.85 18.69 686.65 4.40 17.96 659.83 Burford 4.98 18.82 691.42 4.40 17.96 659.83 Port Perry 4.82 18.66 685.55 4.24 17.80 653.95 Norfolk 4.90 18.74 688.49 4.40 17.96 659.83 Palmerston 4.96 18.80 690.69 N/A Varna 4.85 18.69 686.65 4.40 17.96 659.83 Trenton 4.85 18.69 686.65 4.40 17.96 659.83 Winchester 4.98 18.82 691.42 4.48 18.04 662.76 North Gower 4.85 18.69 686.65 4.30 17.86 656.15 Vankleek Hil4.99 18.83 691.79 4.45 18.01 661.66 Huron FOB 4.90 5.03 5.03 4.83 18.74 688.49 N/A Kent FOB 4.90 18.74 688.49 4.40 17.96 659.83 Lambton FOB 5.08 18.92 695.10 N/A Mdsx FOB 5.22 5.27 N/A N/A 19.06 700.24 N/A PROCESSORS Windsor 5.58 19.42 713.47 4.78 18.34 673.79 TRANSFER Hamilton 5.60 19.44 714.21 4.90 18.46 678.20 Prescott 5.45 19.29 708.69 4.53 18.09 664.60 Port Colborn5.80 19.64 721.55 4.87 18.43 677.09 Toledo El. -0.28 13.56 498.23 -0.63 12.93 475.18 Exchange rate was 1.3892 up 0.0162 Chicago wheat closed lower. DEC22 HI 8.98 3/4 JUL23 HI 9.11 1/4 LOW 8.57 1/4 LOW 8.79 1/4 CLOSE 8.59 3/4 Down 32 1/2 CLOSE 8.80 3/4 Down 26 Minni wheat closed moderately lower to lower. DEC22 HI 9.84 3/4 SEP23 HI 9.53 LOW 9.52 1/4 LOW 9.31 CLOSE 9.54 1/4 Down 24 3/4 CLOSE 9.33 1/4 Down 18 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 1.70 N/A N/A N/A 2.10 N/A London 3.80 2.42 1.71 N/A 3.44 2.48 1.76 N/A Hensall 4.70 N/A 1.70 N/A 3.20 N/A 1.80 N/A Trenton N/A N/A N/A N/A N/A N/A 1.90 N/A Bruce 2.70 2.35 1.70 1.15 2.85 2.35 1.85 1.00 Essex N/A N/A 1.80 N/A N/A N/A 1.85 N/A Norwich 4.70 N/A 1.70 N/A 3.20 N/A 1.80 N/A Port Hope N/A N/A 1.50 N/A N/A N/A 1.85 N/A Kent Bridge 4.70 N/A 1.70 N/A 3.20 N/A 1.80 N/A Chatham N/A N/A 1.80 N/A N/A N/A 1.85 N/A Brigden N/A N/A 1.80 N/A N/A N/A 1.85 N/A Palmerston N/A 2.71 1.74 2.53 N/A N/A N/A N/A Varna 4.25 2.60 1.75 N/A 3.00 2.35 1.80 N/A Mitchell 4.70 N/A 1.70 N/A 3.20 2.40 1.80 N/A Thornton 3.80 2.42 1.71 2.55 3.44 2.48 1.76 N/A North Gower N/A 1.30 1.70 1.52 N/A 1.55 1.95 1.52 W O Feed 2.62 TERMINAL Port Colbor N/A N/A 2.07 N/A N/A N/A 2.06 N/A PROCESSORS Toledo FM N/A N/A 3.35 N/A N/A N/A 3.29 N/A Toledo El. 8.30US 11.53CA 8.71US 12.10CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 687.96 DDG's FOB Srn & Aylm 300.00 - 350.00