FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, November 9
9 Nov 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, November 9 Exchange rate was 1.3535 up 0.0096 Chicago soybeans closed mixed. JAN23 HI 14.57 3/4 NOV23 HI 13.93 3/4 LOW 14.33 1/2 LOW 13.76 CLOSE14.52 Up 5 1/2 CLOSE 13.86 1/2 Down 1 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JAN23+JAN23+MAR23 CK Low 4.60 19.12 702.54 4.00 17.87 656.43 CK High 4.65 19.17 704.38 4.15 18.02 661.94 CK Average 4.63 -0.37 19.15 703.64 4.08 -0.61 17.94 659.26 Essex Cty 4.65 19.17 704.38 4.05 17.92 658.26 Mdsx Low 4.60 19.12 702.54 4.08 17.95 659.37 Mdsx High 4.70 19.22 706.21 4.15 18.02 661.94 Mdsx Average4.65 -0.36 19.17 704.38 4.11 -0.59 17.97 660.38 Hensall 4.62 19.14 703.15 4.13 18.00 661.33 Bruce 4.60 19.12 702.54 4.10 17.97 660.10 Putnam 4.60 19.12 702.54 4.10 17.97 660.10 Burford 4.72 19.24 706.95 4.15 18.02 661.94 Port Perry 4.56 19.08 701.07 3.99 17.86 656.06 Norfolk 4.65 19.17 704.38 4.10 17.97 660.10 Palmerston 4.69 19.21 705.85 N/A Varna 4.55 19.07 700.70 4.10 17.97 660.10 Trenton 4.60 19.12 702.54 4.10 17.97 660.10 Winchester 4.65 19.17 704.38 4.00 17.87 656.43 North Gower 4.35 18.87 693.35 4.00 17.87 656.43 Vankleek Hil4.19 18.71 687.47 4.27 18.14 666.35 Huron FOB N/A 4.70 4.70 N/A N/A Kent FOB 4.85 19.37 711.73 4.10 17.97 660.10 Lambton FOB 4.50 19.02 698.87 N/A Mdsx FOB 4.79 N/A N/A N/A 19.31 709.52 N/A PROCESSORS Windsor 5.08 19.60 720.18 4.45 18.32 672.96 TRANSFER Hamilton 5.30 19.82 728.26 4.55 18.42 676.64 Prescott 5.06 19.58 719.44 4.35 18.22 669.29 Port Colborn5.23 19.75 725.69 4.49 18.36 674.43 Toledo El. -0.34 14.18 521.09 -0.61 13.26 487.07 Exchange rate was 1.3535 up 0.0096 Chicago wheat closed moderately lower. DEC22 HI 8.34 JUL23 HI 8.69 1/4 LOW 8.05 1/4 LOW 8.43 1/2 CLOSE 8.06 1/2 Down 21 1/4 CLOSE 8.44 3/4 Down 18 Minni wheat closed moderately lower. DEC22 HI 9.55 1/4 SEP23 HI 9.47 LOW 9.36 3/4 LOW 9.32 3/4 CLOSE 9.38 1/4 Down 12 1/4 CLOSE 9.34 3/4 Down 12 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 1.60 N/A N/A N/A 1.55 N/A London 3.30 2.09 1.56 N/A 3.02 1.94 1.54 N/A Hensall 4.30 N/A 1.60 N/A 3.00 N/A 1.55 N/A Trenton N/A N/A N/A N/A N/A N/A 1.65 N/A Bruce 2.55 2.05 1.55 1.15 2.55 2.05 1.55 1.15 Essex N/A N/A 1.60 N/A N/A N/A 1.55 N/A Norwich 4.30 N/A 1.60 N/A 3.00 N/A 1.55 N/A Port Hope N/A N/A 1.60 N/A N/A N/A 1.55 N/A Kent Bridge 4.30 N/A 1.60 N/A 3.00 N/A 1.55 N/A Chatham N/A N/A 1.60 N/A N/A N/A 1.55 N/A Brigden N/A N/A 1.60 N/A N/A N/A 1.55 N/A Palmerston N/A 2.30 1.49 2.15 N/A N/A N/A N/A Varna 4.10 2.45 1.60 N/A 2.75 2.10 1.55 N/A Mitchell 4.30 N/A 1.60 N/A 3.00 2.15 1.55 N/A Thornton 3.30 2.09 1.56 2.12 3.02 1.94 1.54 N/A North Gower N/A 1.00 1.40 1.27 N/A 1.15 1.55 1.22 W O Feed 2.41 TERMINAL Port Colbor N/A N/A 1.69 N/A N/A N/A 2.01 N/A PROCESSORS Toledo FM N/A N/A 2.78 N/A N/A N/A 2.85 N/A Toledo El. 7.77US 10.51CA 8.20US 11.09CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 710.56 DDG's FOB Aylm 360.00