FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, November 28
Exchange rate was 1.356 down 0.0062
Chicago soybeans closed slightly higher.
JAN24 HI 13.50 NOV24 HI 12.97 3/4
LOW 13.29 1/2 LOW 12.80
CLOSE13.46 1/2 Up 16 3/4 CLOSE 12.93 Up 12 3/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +JAN24+JAN24+MAR24
CK Low 3.30 16.77 616.01 3.35 16.28 598.19
CK High 3.45 16.92 621.52 3.45 16.38 601.86
CK Average 3.36 -1.06 16.83 618.27 3.39 -0.89 16.32 599.76
Essex Cty 3.35 16.82 617.85 3.45 16.38 601.86
Mdsx Low 3.26 16.73 614.54 3.28 16.21 595.62
Mdsx High 3.35 16.82 617.85 3.45 16.38 601.86
Mdsx Average3.32 -1.09 16.78 616.56 3.36 -0.92 16.29 598.46
Hensall 3.25 16.72 614.17 3.35 16.28 598.19
Bruce 3.35 16.82 617.85 3.40 16.33 600.02
Putnam 3.35 16.82 617.85 3.45 16.38 601.86
Guelph 3.30 16.77 616.01 3.32 16.25 597.09
Burford 3.42 16.89 620.42 3.44 16.37 601.49
Port Perry 3.20 16.67 612.33 3.22 16.15 593.41
Norfolk 3.35 16.82 617.85 3.40 16.33 600.02
Palmerston 3.25 16.72 614.17 3.35 16.28 598.19
Varna 3.25 16.72 614.17 3.35 16.28 598.19
Trenton 3.20 16.67 612.33 3.30 16.23 596.35
Winchester 2.95 16.42 603.15 3.34 16.27 597.82
North Gower 2.95 16.42 603.15 3.40 16.33 600.02
Vankleek Hil3.03 16.50 606.09 3.55 16.48 605.54
Huron FOB 3.30 3.30 3.57 N/A 16.77 616.01 N/A
Kent FOB 3.40 16.87 619.68 3.35 16.28 598.19
Lambton FOB 3.38 16.85 618.95 N/A
Mdsx FOB 3.44 3.44 3.58 3.72 16.91 621.15 N/A
PROCESSORS
Windsor 3.84 17.31 635.85 N/A
TRANSFER
Hamilton 3.85 17.32 636.22 3.95 16.88 620.23
Prescott 3.06 16.53 607.19 3.96 16.89 620.60
Port Colborn3.97 17.44 640.63 3.99 16.92 621.70
Toledo El. -0.81 12.65 464.86 -0.75 12.18 447.69
Exchange rate was 1.356 down 0.0062
Chicago wheat closed slightly to moderately higher.
DEC23 HI 5.45 1/2 JUL24 HI 6.03 1/4
LOW 5.28 LOW 5.86 1/2
CLOSE 5.43 3/4 Up 9 1/2 CLOSE 6.01 3/4 Up 12 3/4
Minni wheat closed slightly to moderately higher.
DEC23 HI 6.97 1/2 SEP24 HI 7.42 1/2
LOW 6.84 1/2 LOW 7.27 1/2
CLOSE 6.94 1/2 Up 10 CLOSE 7.41 1/2 Up 12 1/4
Direct MarkHarvest 2023 Harvest 2024
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 1.20 N/A N/A N/A 1.20 N/A
London 1.51 1.51 1.10 N/A 1.37 1.44 1.10 N/A
Hensall 1.55 1.60 1.15 1.20 1.60 1.55 1.15 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.20 N/A
Bruce N/A 1.45 1.15 1.00 1.45 1.45 1.15 N/A
Essex N/A N/A 1.18 N/A N/A N/A 1.15 N/A
Norwich 1.60 N/A 1.20 N/A 1.70 N/A 1.20 N/A
Belmore 1.60 1.10 1.15 1.10 1.70 1.15 1.15 N/A
Kent Bridge 1.60 N/A 1.20 N/A 1.70 N/A 1.20 N/A
Chatham N/A N/A 1.18 N/A N/A N/A 1.15 N/A
Brigden N/A N/A 1.18 N/A N/A N/A 1.15 N/A
Palmerston 1.60 1.10 1.15 1.10 1.70 1.15 1.15 N/A
Varna 1.55 1.60 1.15 N/A 1.60 1.55 1.15 N/A
Mitchell 1.60 1.65 1.20 N/A 1.70 1.60 1.20 N/A
Thornton 1.51 1.51 1.10 0.97 1.37 1.44 1.10 N/A
North Gower N/A 0.90 1.10 1.02 N/A 1.09 1.39 0.97
W O Feed 1.90
TERMINAL
Port Colbor N/A N/A 1.57 N/A N/A N/A 1.50 N/A
PROCESSORS
Toledo FM N/A N/A 1.53 N/A N/A N/A 2.01 N/A
Toledo El. 4.89US 6.63CA 5.78US 7.83CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 769.76
DDG's FOB Aylm 305.00
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