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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, November 24

24 Nov 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, November 24 Exchange rate was 1.334 down 0.0025 Markets in the U.S. were closed for the Thanksgiving holiday. Chicago soybeans closed slightly higher on Nov. 23. JAN23 HI 14.41 NOV23 HI 13.80 1/2 LOW 14.22 1/4 LOW 13.70 CLOSE14.36 Up 6 1/4 CLOSE 13.77 3/4 Up 1 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 4.50 18.86 692.99 3.90 17.68 649.54 CK High 4.65 19.01 698.50 4.00 17.78 653.21 CK Average 4.53 -0.20 18.89 694.25 3.96 -0.48 17.73 651.64 Essex Cty 4.50 18.86 692.99 3.90 17.68 649.54 Mdsx Low 4.50 18.86 692.99 3.95 17.73 651.37 Mdsx High 4.58 18.94 695.93 4.00 17.78 653.21 Mdsx Average4.52 -0.21 18.88 693.72 3.99 -0.46 17.76 652.66 Hensall 4.50 18.86 692.99 4.00 17.78 653.21 Bruce 4.50 18.86 692.99 4.00 17.78 653.21 Putnam 4.50 18.86 692.99 4.00 17.78 653.21 Burford 4.65 19.01 698.50 4.06 17.84 655.42 Port Perry 4.49 18.85 692.62 3.90 17.68 649.54 Norfolk 4.50 18.86 692.99 3.95 17.73 651.37 Palmerston 4.39 18.75 688.94 N/A Varna 4.50 18.86 692.99 4.00 17.78 653.21 Trenton 4.50 18.86 692.99 4.00 17.78 653.21 Winchester 4.63 18.99 697.76 3.90 17.68 649.54 North Gower 4.25 18.61 683.80 4.00 17.78 653.21 Vankleek Hil4.48 18.84 692.25 4.06 17.84 655.42 Huron FOB N/A 4.59 4.61 4.61 N/A Kent FOB 4.60 18.96 696.66 3.95 17.73 651.37 Lambton FOB 4.45 18.81 691.15 N/A Mdsx FOB 4.53 N/A N/A N/A 18.89 694.09 N/A PROCESSORS Windsor N/A 4.18 17.96 659.83 TRANSFER Hamilton 5.20 19.56 718.71 4.40 18.18 667.91 Prescott 4.75 19.11 702.17 4.17 17.95 659.46 Port Colborn5.06 19.42 713.56 4.41 18.19 668.28 Toledo El. -0.27 14.09 517.84 -0.60 13.18 484.18 Exchange rate was 1.334 down 0.0025 Chicago wheat closed slightly higher on Nov 23. DEC22 HI 7.97 1/2 JUL23 HI 8.27 1/2 LOW 7.81 1/4 LOW 8.13 CLOSE 7.93 1/2 Up 2 CLOSE 8.25 3/4 Up 3 1/4 Minni wheat closed mixed on Nov. 23. DEC22 HI 9.61 1/4 SEP23 HI 9.33 LOW 9.44 1/2 LOW 9.23 1/2 CLOSE 9.57 3/4 Up 11 3/4 CLOSE 9.28 1/4 Down 2 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 1.45 N/A N/A N/A 1.40 N/A London 3.15 1.94 1.47 N/A 2.85 1.78 1.38 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 1.45 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 1.40 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 1.45 N/A N/A N/A 1.40 N/A Brigden N/A N/A 1.45 N/A N/A N/A 1.40 N/A Palmerston N/A 2.11 1.31 2.06 N/A N/A N/A N/A Varna 4.30 2.35 1.50 N/A 2.75 2.00 1.45 N/A Mitchell 4.30 N/A 1.45 N/A 2.95 1.95 1.40 N/A Thornton 3.15 1.94 1.47 2.08 2.85 1.78 1.38 N/A North Gower N/A 0.95 1.35 1.22 N/A 1.10 1.50 1.17 W O Feed 2.19 TERMINAL Port Colbor N/A N/A 1.67 N/A N/A N/A 1.91 N/A PROCESSORS Toledo FM N/A N/A 2.58 N/A N/A N/A 2.62 N/A Toledo El. 7.64US 10.18CA 8.01US 10.68CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 672.09 DDG's FOB Aylm 360.00