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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, December 1

1 Dec 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, December 1 Exchange rate was 1.3423 down 0.0002 Chicago soybeans closed moderately lower to lower. JAN23 HI 14.69 3/4 NOV23 HI 13.99 LOW 14.25 1/4 LOW 13.65 CLOSE14.29 3/4 Down 39 3/4 CLOSE 13.69 1/2 Down 29 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JAN23+MAR23+MAR23 CK Low 4.50 18.80 690.69 3.90 17.60 646.51 CK High 4.60 18.90 694.36 4.15 17.85 655.69 CK Average 4.55 -0.26 18.85 692.53 4.00 -0.51 17.70 650.34 Essex Cty 4.55 18.85 692.53 3.90 17.60 646.51 Mdsx Low 4.55 18.85 692.53 3.95 17.65 648.34 Mdsx High 4.59 18.89 694.00 4.02 17.72 650.91 Mdsx Average4.56 -0.25 18.86 693.02 3.99 -0.52 17.69 649.90 Hensall 4.55 18.85 692.53 4.00 17.70 650.18 Bruce 4.55 18.85 692.53 4.00 17.70 650.18 Putnam 4.55 18.85 692.53 4.00 17.70 650.18 Burford 4.66 18.96 696.57 4.09 17.79 653.49 Port Perry 4.50 18.80 690.69 3.93 17.63 647.61 Norfolk 4.55 18.85 692.53 3.95 17.65 648.34 Palmerston 4.56 18.86 692.89 N/A Varna 4.55 18.85 692.53 4.00 17.70 650.18 Trenton 4.50 18.80 690.69 4.05 17.75 652.02 Winchester 4.48 18.78 689.96 4.15 17.85 655.69 North Gower 4.35 18.65 685.18 4.00 17.70 650.18 Vankleek Hil4.47 18.77 689.59 4.15 17.85 655.69 Huron FOB 4.57 4.72 4.71 N/A 18.87 693.26 N/A Kent FOB 4.80 19.10 701.71 3.95 17.65 648.34 Lambton FOB 4.75 19.05 699.88 N/A Mdsx FOB 4.83 4.97 4.99 N/A 19.13 702.82 N/A PROCESSORS Windsor 5.51 19.81 727.80 4.66 18.36 674.43 TRANSFER Hamilton 5.30 19.60 720.08 4.40 18.10 664.88 Prescott 4.88 19.18 704.65 4.28 17.98 660.47 Port Colborn5.00 19.30 709.06 4.50 18.20 668.55 Toledo El. -0.27 14.03 515.48 -0.60 13.09 481.01 Exchange rate was 1.3423 down 0.0002 Chicago wheat closed slightly to moderately lower. MAR23 HI 7.97 1/4 JUL23 HI 8.10 1/4 LOW 7.80 1/2 LOW 7.98 CLOSE 7.83 Down 12 1/2 CLOSE 8.00 1/2 Down 8 1/4 Minni wheat closed slightly lower. MAR23 HI 9.42 SEP23 HI 9.15 1/2 LOW 9.30 1/4 LOW 9.05 3/4 CLOSE 9.38 Down 5 CLOSE 9.07 3/4 Down 4 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 1.15 N/A N/A N/A 1.40 N/A London 2.85 1.64 1.17 N/A 2.83 1.75 1.35 N/A Hensall N/A N/A N/A 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 2.20 1.70 1.20 1.15 2.45 1.95 1.45 1.15 Essex N/A N/A 1.15 N/A N/A N/A 1.35 N/A Norwich N/A N/A N/A N/A 2.95 N/A 1.40 N/A Port Hope N/A N/A 1.21 N/A N/A N/A 1.40 N/A Kent Bridge N/A N/A N/A N/A 2.95 N/A 1.40 N/A Chatham N/A N/A 1.15 N/A N/A N/A 1.35 N/A Brigden N/A N/A 1.15 N/A N/A N/A 1.35 N/A Palmerston N/A 1.85 1.05 2.30 N/A N/A N/A N/A Varna 4.00 2.05 1.20 N/A 2.70 1.95 1.40 N/A Mitchell N/A N/A N/A N/A 2.95 1.95 1.40 N/A Thornton 2.85 1.64 1.17 2.31 2.83 1.75 1.35 N/A North Gower N/A 0.75 1.15 1.32 N/A 1.10 1.50 1.17 W O Feed 2.13 TERMINAL Port Colbor N/A N/A 1.37 N/A N/A N/A 1.89 N/A PROCESSORS Toledo FM N/A N/A 2.29 N/A N/A N/A 2.61 N/A Toledo El. 7.48US 10.04CA 7.76US 10.41CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 684.44 DDG's FOB Aylm 360.00