FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, March 24
Exchange rate was 1.3713 up 0.0018
Chicago soybeans closed slightly higher.
JUL23 HI 14.11 NOV23 HI 12.76 3/4
LOW 13.83 3/4 LOW 12.47 1/2
CLOSE14.06 1/4 Up 7 3/4 CLOSE 12.73 1/4 Up 15 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +JUL23+JUL23+JUL23
CK Low 4.90 18.96 696.75 4.00 16.73 614.81
CK High 4.95 19.01 698.59 4.06 16.79 617.02
CK Average 4.92 -0.22 18.98 697.49 4.02 -0.51 16.76 615.65
Essex Cty 4.95 19.01 698.59 4.05 16.78 616.65
Mdsx Low 4.90 18.96 696.75 4.00 16.73 614.81
Mdsx High 4.98 19.04 699.69 4.10 16.83 618.49
Mdsx Average4.93 -0.21 19.00 697.95 4.04 -0.50 16.77 616.19
Hensall 4.90 18.96 696.75 4.00 16.73 614.81
Bruce 4.90 18.96 696.75 4.00 16.73 614.81
Putnam 4.90 18.96 696.75 4.00 16.73 614.81
Burford 5.05 19.11 702.26 4.17 16.90 621.06
Port Perry 4.89 18.95 696.39 4.01 16.74 615.18
Norfolk 4.95 19.01 698.59 4.05 16.78 616.65
Palmerston N/A N/A
Varna 4.90 18.96 696.75 4.00 16.73 614.81
Trenton 4.90 18.96 696.75 4.00 16.73 614.81
Winchester 4.85 18.91 694.92 3.95 16.68 612.98
North Gower 5.15 19.21 705.94 4.10 16.83 618.49
Vankleek Hil4.86 18.92 695.28 3.76 16.49 606.00
Huron FOB 4.90 5.00 5.18 N/A 18.96 696.75 N/A
Kent FOB 5.20 19.26 707.78 4.05 16.78 616.65
Lambton FOB 4.98 19.04 699.69 N/A
Mdsx FOB 5.03 5.24 N/A N/A 19.09 701.53 4.25 16.98 624.00
PROCESSORS
Windsor 5.69 19.75 725.78 4.77 17.50 643.11
TRANSFER
Hamilton 5.45 19.51 716.96 4.75 17.48 642.37
Prescott N/A 4.36 17.09 628.04
Port Colborn5.11 19.17 704.47 4.74 17.47 642.00
Toledo El. 0.12 14.19 521.24 -0.62 12.12 445.17
Exchange rate was 1.3713 up 0.0018
Chicago wheat closed higher.
MAY23 HI 7.00 1/2 JUL23 HI 7.11 1/2
LOW 6.56 1/4 LOW 6.68 3/4
CLOSE 6.88 1/2 Up 26 1/2 CLOSE 7.00 Up 26
Minni wheat closed moderately higher.
MAY23 HI 8.69 1/2 SEP23 HI 8.65 3/4
LOW 8.36 1/4 LOW 8.35 3/4
CLOSE 8.57 1/2 Up 16 1/4 CLOSE 8.57 1/2 Up 19
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 1.50 N/A N/A N/A 1.30 N/A
London 2.51 2.03 1.41 N/A 2.76 1.86 1.24 N/A
Hensall 4.20 N/A 1.50 N/A 2.90 N/A 1.30 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.30 N/A
Bruce 2.50 2.00 1.50 1.15 2.30 1.80 1.30 1.15
Essex N/A N/A 1.45 N/A N/A N/A 1.30 N/A
Norwich 4.20 N/A 1.50 N/A 2.90 N/A 1.30 N/A
Belmore 2.50 1.75 1.55 1.15 2.00 1.90 1.30 N/A
Kent Bridge 4.20 N/A 1.50 N/A 2.90 N/A 1.30 N/A
Chatham N/A N/A 1.45 N/A N/A N/A 1.30 N/A
Brigden N/A N/A 1.45 N/A N/A N/A 1.30 N/A
Palmerston N/A 1.81 1.26 N/A N/A N/A N/A N/A
Varna 4.15 2.20 1.55 N/A 2.80 1.90 1.30 N/A
Mitchell 4.20 N/A 1.50 N/A 2.90 1.95 1.30 N/A
Thornton 2.51 2.03 1.41 1.93 2.76 1.86 1.24 N/A
North Gower N/A 1.40 1.70 1.92 N/A 1.10 1.40 1.52
W O Feed 2.29
TERMINAL
Port Colbor N/A N/A 2.23 N/A N/A N/A 1.93 N/A
PROCESSORS
Toledo FM N/A N/A N/A N/A N/A N/A 2.32 N/A
Toledo El. 6.54US 8.96CA 6.75US 9.26CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 740.88
DDG's FOB Aylm 370.00
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