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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, October 18

18 Oct 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, October 18 Exchange rate was 1.3783 up 0.0068 Chicago soybeans closed slightly lower. NOV22 HI 13.90 NOV23 HI 13.52 3/4 LOW 13.64 1/4 LOW 13.36 1/2 CLOSE13.72 Down 13 1/4 CLOSE 13.44 3/4 Down 4 1/4 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 18.47 678.66 4.25 17.70 650.27 CK High 4.80 18.52 680.49 4.30 17.75 652.11 CK Average 4.79 -0.29 18.51 679.97 4.29 -0.58 17.74 651.74 Essex Cty 4.80 18.52 680.49 4.25 17.70 650.27 Mdsx Low 4.75 18.47 678.66 4.30 17.75 652.11 Mdsx High 4.84 18.56 681.96 4.35 17.80 653.95 Mdsx Average4.79 -0.29 18.51 679.94 4.32 -0.56 17.77 652.75 Hensall 4.78 18.50 679.88 4.33 17.78 653.33 Bruce 4.75 18.47 678.66 4.30 17.75 652.11 Putnam 4.75 18.47 678.66 4.30 17.75 652.11 Burford 4.91 18.63 684.54 4.39 17.84 655.42 Port Perry 4.75 18.47 678.66 4.23 17.68 649.54 Norfolk 4.80 18.52 680.49 4.30 17.75 652.11 Palmerston 4.75 18.47 678.66 N/A Varna 4.80 18.52 680.49 4.35 17.80 653.95 Trenton 4.75 18.47 678.66 4.40 17.85 655.78 Winchester 4.80 18.52 680.49 4.35 17.80 653.95 North Gower 4.85 18.57 682.33 4.40 17.85 655.78 Vankleek Hil4.77 18.49 679.39 4.21 17.66 648.80 Huron FOB 4.85 4.84 4.82 4.62 18.57 682.33 N/A Kent FOB 4.80 18.52 680.49 4.30 17.75 652.11 Lambton FOB 4.85 18.57 682.33 N/A Mdsx FOB 5.10 5.15 N/A N/A 18.82 691.52 N/A PROCESSORS Windsor 5.36 19.08 701.07 4.57 18.02 662.03 TRANSFER Hamilton 5.50 19.22 706.21 4.80 18.25 670.48 Prescott 5.23 18.95 696.29 4.29 17.74 651.74 Port Colborn5.54 19.26 707.68 4.72 18.17 667.54 Toledo El. -0.28 13.44 494.00 -0.62 12.83 471.32 Exchange rate was 1.3783 up 0.0068 Chicago wheat closed slightly lower. DEC22 HI 8.66 JUL23 HI 8.87 1/4 LOW 8.32 3/4 LOW 8.59 3/4 CLOSE 8.49 1/2 Down 11 1/2 CLOSE 8.74 1/2 Down 9 Minni wheat closed narrowly mixed. DEC22 HI 9.59 3/4 SEP23 HI 9.36 LOW 9.38 1/4 LOW 9.22 CLOSE 9.56 Up 3/4 CLOSE 9.34 1/2 Down 1 1/4 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 1.70 N/A N/A N/A 1.95 N/A London 3.70 2.33 1.62 N/A 3.38 2.29 1.71 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 1.75 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 2.43 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 3.70 2.33 1.62 2.47 3.38 2.29 1.71 N/A North Gower N/A 1.20 1.60 1.52 N/A 1.40 1.85 1.52 W O Feed 2.49 TERMINAL Port Colbor N/A N/A 1.98 N/A N/A N/A 2.01 N/A PROCESSORS Toledo FM N/A N/A 3.21 N/A N/A N/A 3.17 N/A Toledo El. 8.20US 11.29CA 8.65US 11.92CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 686.53 DDG's FOB Srn & Aylm 360.00