FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, November 8
8 Nov 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, November 8 Exchange rate was 1.3439 down 0.0046 Chicago soybeans closed slightly lower. JAN23 HI 14.54 NOV23 HI 13.96 LOW 14.40 1/2 LOW 13.86 1/4 CLOSE14.46 1/2 Down 3 3/4 CLOSE 13.88 1/4 Down 3 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JAN23+JAN23+MAR23 CK Low 4.65 19.12 702.36 4.05 17.93 658.91 CK High 4.80 19.27 707.87 4.15 18.03 662.58 CK Average 4.68 -0.22 19.15 703.62 4.11 -0.49 17.99 661.16 Essex Cty 4.65 19.12 702.36 4.05 17.93 658.91 Mdsx Low 4.65 19.12 702.36 4.10 17.98 660.74 Mdsx High 4.75 19.22 706.03 4.20 18.08 664.42 Mdsx Average4.70 -0.21 19.16 704.01 4.16 -0.46 18.04 662.76 Hensall 4.68 19.15 703.58 4.18 18.07 663.81 Bruce 4.65 19.12 702.36 4.15 18.03 662.58 Putnam 4.65 19.12 702.36 4.15 18.03 662.58 Burford 4.80 19.27 707.87 4.24 18.12 665.89 Port Perry 4.64 19.11 701.99 4.08 17.96 660.01 Norfolk 4.65 19.12 702.36 4.10 17.98 660.74 Palmerston 4.57 19.04 699.42 N/A Varna 4.70 19.17 704.19 4.20 18.08 664.42 Trenton 4.65 19.12 702.36 4.15 18.03 662.58 Winchester 4.76 19.23 706.40 4.15 18.03 662.58 North Gower 4.35 18.82 691.33 4.00 17.88 657.07 Vankleek Hil4.51 18.98 697.21 4.26 18.14 666.62 Huron FOB 4.75 4.75 4.75 N/A 19.22 706.03 N/A Kent FOB 4.85 19.32 709.70 4.10 17.98 660.74 Lambton FOB 4.62 19.09 701.25 N/A Mdsx FOB 4.87 N/A N/A N/A 19.34 710.44 N/A PROCESSORS Windsor 5.18 19.65 721.83 4.56 18.44 677.65 TRANSFER Hamilton 5.40 19.87 729.91 4.55 18.43 677.28 Prescott 5.02 19.49 715.95 4.50 18.38 675.44 Port Colborn5.31 19.78 726.61 4.58 18.46 678.38 Toledo El. -0.36 14.10 518.17 -0.60 13.28 487.87 Exchange rate was 1.3439 down 0.0046 Chicago wheat closed moderately lower. DEC22 HI 8.55 JUL23 HI 8.86 LOW 8.24 3/4 LOW 8.58 1/2 CLOSE 8.27 3/4 Down 18 CLOSE 8.62 3/4 Down 16 1/4 Minni wheat closed slightly lower. DEC22 HI 9.72 3/4 SEP23 HI 9.69 LOW 9.49 LOW 9.46 1/4 CLOSE 9.50 1/2 Down 9 3/4 CLOSE 9.47 1/2 Down 6 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 1.70 N/A N/A N/A 1.65 N/A London 3.41 2.19 1.65 N/A 3.12 2.04 1.64 N/A Hensall 4.40 N/A 1.70 N/A 3.05 N/A 1.65 N/A Trenton N/A N/A N/A N/A N/A N/A 1.65 N/A Bruce 2.65 2.15 1.65 1.15 2.65 2.15 1.65 1.15 Essex N/A N/A 1.70 N/A N/A N/A 1.65 N/A Norwich 4.40 N/A 1.70 N/A 3.05 N/A 1.65 N/A Port Hope N/A N/A 1.70 N/A N/A N/A 1.65 N/A Kent Bridge 4.40 N/A 1.70 N/A 3.05 N/A 1.65 N/A Chatham N/A N/A 1.70 N/A N/A N/A 1.65 N/A Brigden N/A N/A 1.70 N/A N/A N/A 1.65 N/A Palmerston N/A 2.38 1.58 2.18 N/A N/A N/A N/A Varna 4.20 2.55 1.70 N/A 2.85 2.20 1.65 N/A Mitchell 4.40 N/A 1.70 N/A 3.05 2.20 1.65 N/A Thornton 3.41 2.19 1.65 2.21 3.12 2.04 1.64 N/A North Gower N/A 1.00 1.40 1.27 N/A 1.15 1.55 1.22 W O Feed 2.21 TERMINAL Port Colbor N/A N/A 1.78 N/A N/A N/A 2.11 N/A PROCESSORS Toledo FM N/A N/A 2.78 N/A N/A N/A 2.83 N/A Toledo El. 7.98US 10.72CA 8.38US 11.26CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 712.44 DDG's FOB Aylm 370.00