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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, January 4

4 Jan 2023
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, January 4 Exchange rate was 1.3479 down 0.0198 Chicago soybeans closed slightly lower. MAR23 HI 15.06 1/2 NOV23 HI 14.06 LOW 14.80 3/4 LOW 13.87 1/2 CLOSE14.83 1/2 Down 8 3/4 CLOSE 13.90 3/4 Down 6 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAR23+MAR23+MAY23 CK Low 4.71 19.55 718.16 4.15 18.06 663.50 CK High 4.85 19.69 723.30 4.30 18.21 669.01 CK Average 4.78 -0.28 19.62 720.73 4.20 -0.47 18.11 665.39 Essex Cty 4.80 19.64 721.46 4.20 18.11 665.34 Mdsx Low 4.75 19.59 719.63 4.15 18.06 663.50 Mdsx High 4.80 19.64 721.46 4.25 18.16 667.17 Mdsx Average4.76 -0.30 19.60 720.08 4.19 -0.48 18.10 664.88 Hensall 4.75 19.59 719.63 4.15 18.06 663.50 Bruce 4.75 19.59 719.63 4.15 18.06 663.50 Putnam 4.75 19.59 719.63 4.15 18.06 663.50 Burford 4.82 19.66 722.20 4.27 18.18 667.91 Port Perry 4.66 19.50 716.32 4.11 18.02 662.03 Norfolk 4.80 19.64 721.46 4.25 18.16 667.17 Palmerston 4.80 19.64 721.46 N/A Varna 4.75 19.59 719.63 4.15 18.06 663.50 Trenton 4.75 19.59 719.63 4.20 18.11 665.34 Winchester 5.00 19.84 728.81 4.20 18.11 665.34 North Gower 4.62 19.46 714.85 4.35 18.26 670.85 Vankleek Hil5.28 20.12 739.10 4.19 18.10 664.97 Huron FOB 4.84 4.96 5.02 N/A 19.68 722.93 N/A Kent FOB 5.15 19.99 734.32 4.25 18.16 667.17 Lambton FOB 5.00 19.84 728.81 N/A Mdsx FOB 5.14 N/A N/A N/A 19.98 733.96 4.26 18.17 667.54 PROCESSORS Windsor 5.46 20.30 745.71 4.51 18.42 676.73 TRANSFER Hamilton 5.60 20.44 750.86 4.70 18.61 683.71 Prescott N/A 4.52 18.43 677.09 Port Colborn5.09 19.93 732.12 4.74 18.65 685.18 Toledo El. -0.27 14.57 535.19 -0.61 13.30 488.73 Exchange rate was 1.3479 down 0.0198 Chicago wheat closed lower. MAR23 HI 7.80 1/2 JUL23 HI 7.90 LOW 7.44 1/4 LOW 7.57 1/4 CLOSE 7.45 1/2 Down 30 CLOSE 7.58 Down 28 1/2 Minni wheat closed moderately lower. MAR23 HI 9.20 3/4 SEP23 HI 8.85 3/4 LOW 9.01 3/4 LOW 8.73 3/4 CLOSE 9.03 1/2 Down 15 3/4 CLOSE 8.74 3/4 Down 13 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 1.30 N/A N/A N/A 1.40 N/A London 2.63 1.68 1.21 N/A 2.81 1.73 1.32 N/A Hensall 4.20 N/A 1.30 N/A 2.95 N/A 1.40 N/A Trenton N/A N/A N/A N/A N/A N/A 1.45 N/A Bruce 2.30 1.80 1.30 1.15 2.40 1.90 1.40 1.15 Essex N/A N/A 1.35 N/A N/A N/A 1.45 N/A Norwich 4.20 N/A 1.30 N/A 2.95 N/A 1.40 N/A Port Hope N/A N/A 1.30 N/A N/A N/A 1.40 N/A Kent Bridge 4.20 N/A 1.30 N/A 2.95 N/A 1.40 N/A Chatham N/A N/A 1.35 N/A N/A N/A 1.45 N/A Brigden N/A N/A 1.35 N/A N/A N/A 1.45 N/A Palmerston N/A N/A 0.87 2.09 N/A N/A N/A N/A Varna 4.15 2.20 1.35 N/A 2.70 1.95 1.40 N/A Mitchell 4.20 N/A 1.30 N/A 2.95 1.90 1.40 N/A Thornton 2.63 1.68 1.21 2.08 2.81 1.73 1.32 N/A North Gower N/A 1.00 1.40 1.47 N/A 1.25 1.65 1.37 W O Feed 2.14 TERMINAL Port Colbor N/A N/A 1.68 N/A N/A N/A 1.93 N/A PROCESSORS Toledo FM N/A N/A 2.66 N/A N/A N/A 2.50 N/A Toledo El. 7.21US 9.71CA 7.33US 9.88CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 719.49 DDG's FOB Aylm 360.00