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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, October 17

17 Oct 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, October 17 Exchange rate was 1.3715 down 0.0177 Chicago soybeans closed mixed. NOV22 HI 13.95 NOV23 HI 13.60 LOW 13.76 1/4 LOW 13.47 3/4 CLOSE13.85 1/4 Up 1 1/2 CLOSE 13.49 Down 6 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 4.75 18.60 683.52 4.25 17.74 651.83 CK High 4.90 18.75 689.04 4.40 17.89 657.34 CK Average 4.81 -0.24 18.67 685.89 4.33 -0.50 17.82 654.62 Essex Cty 4.80 18.65 685.36 4.25 17.74 651.83 Mdsx Low 4.75 18.60 683.52 4.30 17.79 653.67 Mdsx High 4.89 18.74 688.67 4.42 17.91 658.08 Mdsx Average4.82 -0.24 18.68 686.19 4.36 -0.48 17.85 655.69 Hensall 4.75 18.60 683.52 4.35 17.84 655.51 Bruce 4.75 18.60 683.52 4.35 17.84 655.51 Putnam 4.75 18.60 683.52 4.30 17.79 653.67 Burford 4.96 18.81 691.24 4.49 17.98 660.65 Port Perry 4.80 18.65 685.36 4.33 17.82 654.77 Norfolk 4.80 18.65 685.36 4.30 17.79 653.67 Palmerston 4.74 18.59 683.16 N/A Varna 4.75 18.60 683.52 4.35 17.84 655.51 Trenton 4.75 18.60 683.52 4.40 17.89 657.34 Winchester 4.98 18.83 691.98 4.48 17.97 660.28 North Gower 4.85 18.70 687.20 4.30 17.79 653.67 Vankleek Hil4.99 18.84 692.34 4.45 17.94 659.18 Huron FOB 4.80 4.94 4.93 4.73 18.65 685.36 N/A Kent FOB 4.80 18.65 685.36 4.30 17.79 653.67 Lambton FOB 5.13 18.98 697.49 N/A Mdsx FOB 5.18 5.23 N/A N/A 19.03 699.32 N/A PROCESSORS Windsor 5.35 19.20 705.57 4.55 18.04 662.86 TRANSFER Hamilton 5.50 19.35 711.08 4.80 18.29 672.04 Prescott 5.45 19.30 709.25 4.53 18.02 662.12 Port Colborn5.62 19.47 715.49 4.82 18.31 672.78 Toledo El. -0.27 13.58 498.91 -0.62 12.87 473.00 Exchange rate was 1.3715 down 0.0177 Chicago wheat closed slightly higher. DEC22 HI 8.77 3/4 JUL23 HI 8.94 1/2 LOW 8.55 1/4 LOW 8.79 1/4 CLOSE 8.61 Up 1 1/4 CLOSE 8.83 1/2 Up 2 3/4 Minni wheat closed slightly higher. DEC22 HI 9.69 1/4 SEP23 HI 9.37 1/4 LOW 9.51 1/2 LOW 9.32 CLOSE 9.55 1/4 Up 1 CLOSE 9.35 3/4 Up 2 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 1.70 N/A N/A N/A 1.95 N/A London 3.75 2.37 1.66 N/A 3.42 2.39 1.75 N/A Hensall 4.65 N/A 1.70 N/A 3.20 N/A 1.75 N/A Trenton N/A N/A N/A N/A N/A N/A 1.75 N/A Bruce 2.70 2.30 1.70 1.15 2.75 2.30 1.75 1.00 Essex N/A N/A 1.80 N/A N/A N/A 1.85 N/A Norwich 4.65 N/A 1.70 N/A 3.20 N/A 1.75 N/A Port Hope N/A N/A 1.50 N/A N/A N/A 1.85 N/A Kent Bridge 4.65 N/A 1.70 N/A 3.20 N/A 1.75 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 2.58 1.62 2.38 N/A N/A N/A N/A Varna 4.20 2.55 1.70 N/A 2.95 2.30 1.75 N/A Mitchell 4.65 N/A 1.70 N/A 3.20 2.30 1.75 N/A Thornton 3.75 2.37 1.66 2.51 3.42 2.39 1.75 N/A North Gower N/A 1.30 1.70 1.52 N/A 1.55 1.95 1.52 W O Feed 2.49 TERMINAL Port Colbor N/A N/A 2.02 N/A N/A N/A 2.04 N/A PROCESSORS Toledo FM N/A N/A 3.20 N/A N/A N/A 3.14 N/A Toledo El. 8.31US 11.40CA 8.74US 11.98CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 696.67 DDG's FOB Srn & Aylm 360.00