FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, November 17
17 Nov 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, November 17 Exchange rate was 1.3326 up 0.0007 Chicago soybeans closed slightly lower. JAN23 HI 14.31 3/4 NOV23 HI 13.80 3/4 LOW 14.06 3/4 LOW 13.57 1/2 CLOSE14.17 Down 12 1/4 CLOSE 13.66 1/2 Down 12 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 4.35 18.52 680.49 3.85 17.52 643.57 CK High 4.60 18.77 689.68 3.90 17.57 645.40 CK Average 4.44 -0.21 18.61 683.64 3.87 -0.51 17.54 644.35 Essex Cty 4.45 18.62 684.17 3.85 17.52 643.57 Mdsx Low 4.35 18.52 680.49 3.85 17.52 643.57 Mdsx High 4.45 18.62 684.17 3.94 17.61 646.87 Mdsx Average4.40 -0.24 18.57 682.24 3.89 -0.50 17.55 644.85 Hensall 4.35 18.52 680.49 3.85 17.52 643.57 Bruce 4.35 18.52 680.49 3.85 17.52 643.57 Putnam 4.35 18.52 680.49 3.85 17.52 643.57 Burford 4.51 18.68 686.37 4.01 17.68 649.45 Port Perry 4.35 18.52 680.49 3.85 17.52 643.57 Norfolk 4.45 18.62 684.17 3.90 17.57 645.40 Palmerston 4.34 18.51 680.13 N/A Varna 4.35 18.52 680.49 3.85 17.52 643.57 Trenton 4.35 18.52 680.49 3.85 17.52 643.57 Winchester 4.61 18.78 690.05 4.05 17.72 650.91 North Gower 4.25 18.42 676.82 4.00 17.67 649.08 Vankleek Hil4.38 18.55 681.60 4.01 17.68 649.45 Huron FOB N/A 4.48 4.54 4.53 N/A Kent FOB 4.55 18.72 687.84 3.90 17.57 645.40 Lambton FOB 4.30 18.47 678.66 N/A Mdsx FOB 4.59 N/A N/A N/A 18.76 689.31 N/A PROCESSORS Windsor N/A 4.18 17.85 655.69 TRANSFER Hamilton 5.10 19.27 708.05 4.35 18.02 661.94 Prescott 4.66 18.83 691.88 4.14 17.81 654.22 Port Colborn5.12 19.29 708.79 4.35 18.02 661.94 Toledo El. -0.27 13.90 510.87 -0.60 13.07 480.07 Exchange rate was 1.3326 up 0.0007 Chicago wheat closed slightly to moderately lower. DEC22 HI 8.18 1/4 JUL23 HI 8.49 1/2 LOW 7.93 3/4 LOW 8.29 3/4 CLOSE 8.06 3/4 Down 10 3/4 CLOSE 8.39 Down 12 Minni wheat closed moderately lower. DEC22 HI 9.66 SEP23 HI 9.55 LOW 9.48 LOW 9.37 CLOSE 9.53 3/4 Down 11 3/4 CLOSE 9.42 Down 13 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 1.45 N/A N/A N/A 1.45 N/A London 3.17 1.97 1.57 N/A 2.89 1.82 1.49 N/A Hensall 4.30 N/A 1.45 N/A 2.95 N/A 1.40 N/A Trenton N/A N/A N/A N/A N/A N/A 1.50 N/A Bruce 2.45 1.95 1.45 1.15 2.40 1.90 1.40 1.15 Essex N/A N/A 1.50 N/A N/A N/A 1.40 N/A Norwich 4.30 N/A 1.45 N/A 2.95 N/A 1.40 N/A Port Hope N/A N/A 1.45 N/A N/A N/A 1.45 N/A Kent Bridge 4.30 N/A 1.45 N/A 2.95 N/A 1.40 N/A Chatham N/A N/A 1.50 N/A N/A N/A 1.40 N/A Brigden N/A N/A 1.50 N/A N/A N/A 1.40 N/A Palmerston N/A 2.16 1.35 2.06 N/A N/A N/A N/A Varna 4.25 2.30 1.45 N/A 2.70 1.95 1.40 N/A Mitchell 4.30 N/A 1.45 N/A 2.95 1.95 1.40 N/A Thornton 3.17 1.97 1.57 2.10 2.89 1.82 1.49 N/A North Gower N/A 0.95 1.35 1.22 N/A 1.10 1.50 1.17 W O Feed 2.08 TERMINAL Port Colbor N/A N/A 1.70 N/A N/A N/A 1.95 N/A PROCESSORS Toledo FM N/A N/A 2.62 N/A N/A N/A 2.66 N/A Toledo El. 7.77US 10.35CA 8.14US 10.85CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 667.68 DDG's FOB Aylm 360.00