FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, November 2
2 Nov 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, November 2 Exchange rate was 1.3608 down 0.0012 Chicago soybeans closed slightly higher. JAN23 HI 14.57 3/4 NOV23 HI 14.01 3/4 LOW 14.31 LOW 13.81 CLOSE14.54 Up 6 1/4 CLOSE 14.00 1/4 Up 8 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JAN23+JAN23+MAR23 CK Low 4.80 19.34 710.62 4.20 18.20 668.83 CK High 5.05 19.59 719.81 4.30 18.30 672.50 CK Average 4.84 -0.30 19.38 712.04 4.25 -0.59 18.25 670.56 Essex Cty 4.80 19.34 710.62 4.20 18.20 668.83 Mdsx Low 4.75 19.29 708.79 4.25 18.25 670.66 Mdsx High 4.86 19.40 712.83 4.32 18.32 673.24 Mdsx Average4.80 -0.33 19.34 710.72 4.28 -0.57 18.28 671.77 Hensall 4.80 19.34 710.62 4.32 18.32 673.11 Bruce 4.70 19.24 706.95 4.30 18.30 672.50 Putnam 4.80 19.34 710.62 4.25 18.25 670.66 Burford 4.93 19.47 715.40 4.39 18.39 675.81 Port Perry 4.77 19.31 709.52 4.23 18.23 669.93 Norfolk 4.80 19.34 710.62 4.25 18.25 670.66 Palmerston 4.81 19.35 710.99 N/A Varna 4.80 19.34 710.62 4.35 18.35 674.34 Trenton 4.80 19.34 710.62 4.25 18.25 670.66 Winchester 4.65 19.19 705.11 4.15 18.15 666.99 North Gower 4.45 18.99 697.76 4.05 18.05 663.32 Vankleek Hil4.45 18.99 697.76 4.43 18.43 677.28 Huron FOB 4.85 4.89 4.89 N/A 19.39 712.46 N/A Kent FOB 5.00 19.54 717.97 4.25 18.25 670.66 Lambton FOB 4.83 19.37 711.73 N/A Mdsx FOB 5.08 N/A N/A N/A 19.62 720.91 N/A PROCESSORS Windsor 5.33 19.87 730.10 4.70 18.70 687.20 TRANSFER Hamilton 5.55 20.09 738.18 4.70 18.70 687.20 Prescott 5.00 19.54 717.97 4.51 18.51 680.22 Port Colborn5.52 20.06 737.08 4.73 18.73 688.30 Toledo El. -0.37 14.17 520.75 -0.61 13.39 492.00 Exchange rate was 1.3608 down 0.0012 Chicago wheat closed lower to sharply lower. DEC22 HI 9.02 JUL23 HI 9.21 LOW 8.37 3/4 LOW 8.66 1/2 CLOSE 8.46 Down 56 1/2 CLOSE 8.74 Down 45 1/2 Minni wheat closed lower. DEC22 HI 9.93 1/4 SEP23 HI 9.67 LOW 9.45 LOW 9.31 1/4 CLOSE 9.49 1/4 Down 40 1/2 CLOSE 9.37 1/4 Down 30 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 1.65 N/A N/A N/A 1.75 N/A London 3.53 2.30 1.65 N/A 3.22 2.13 1.58 N/A Hensall 4.50 N/A 1.65 N/A 3.10 N/A 1.70 N/A Trenton N/A N/A N/A N/A N/A N/A 1.75 N/A Bruce 2.65 2.15 1.70 1.15 2.70 2.20 1.70 1.15 Essex N/A N/A 1.65 N/A N/A N/A 1.70 N/A Norwich 4.50 N/A 1.65 N/A 3.10 N/A 1.70 N/A Port Hope N/A N/A 1.45 N/A N/A N/A 1.70 N/A Kent Bridge 4.50 N/A 1.65 N/A 3.10 N/A 1.70 N/A Chatham N/A N/A 1.65 N/A N/A N/A 1.70 N/A Brigden N/A N/A 1.65 N/A N/A N/A 1.70 N/A Palmerston N/A 2.53 1.70 2.30 N/A N/A N/A N/A Varna 4.15 2.50 1.65 N/A 2.90 2.25 1.70 N/A Mitchell 4.50 N/A 1.65 N/A 3.10 2.30 1.70 N/A Thornton 3.53 2.30 1.65 2.29 3.22 2.13 1.58 N/A North Gower N/A 1.05 1.45 1.32 N/A 1.20 1.60 1.27 W O Feed 2.33 TERMINAL Port Colbor N/A N/A 1.82 N/A N/A N/A 1.99 N/A PROCESSORS Toledo FM N/A N/A 2.98 N/A N/A N/A 3.02 N/A Toledo El. N/A 8.64US 11.76CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 721.47 DDG's FOB Aylm 370.00