Red Deer

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, July 3 Exchange rate was 1.3217 up 0.0013 Chicago soybeans closed slightly to moderately higher. AUG23 HI 15.04 3/4 NOV23 HI 13.91 3/4 LOW 14.41 1/2 LOW 13.43 1/4 CLOSE14.67 3/4 Up 25 3/4 CLOSE 13.53 3/4 Up 10 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +AUG23+NOV23+NOV23 CK Low 4.60 19.28 708.33 2.80 16.34 600.30 CK High 4.80 19.48 715.68 3.30 16.84 618.67 CK Average 4.69 -0.02 19.37 711.69 3.12 -0.94 16.65 611.90 Essex Cty 4.70 19.38 712.00 3.30 16.84 618.67 Mdsx Low 4.50 19.18 704.65 3.20 16.74 615.00 Mdsx High 4.70 19.38 712.00 3.25 16.79 616.84 Mdsx Average4.63 -0.07 19.31 709.43 3.22 -0.86 16.76 615.82 Hensall 4.53 19.21 705.88 3.23 16.77 616.22 Bruce 4.26 18.94 695.83 2.95 16.49 605.81 Putnam 4.70 19.38 712.00 3.20 16.74 615.00 Guelph 4.60 19.28 708.33 3.05 16.59 609.49 Burford 4.72 19.40 712.74 3.34 16.88 620.14 Port Perry 4.56 19.24 706.86 3.18 16.72 614.26 Norfolk 4.80 19.48 715.68 3.25 16.79 616.84 Palmerston 4.55 19.23 706.49 2.85 16.39 602.14 Varna 4.55 19.23 706.49 2.95 16.49 605.81 Trenton 4.21 18.89 694.00 2.85 16.39 602.14 Winchester N/A 2.85 16.39 602.14 North Gower 4.40 19.08 700.98 2.90 16.44 603.97 Vankleek Hil4.09 18.77 689.59 3.30 16.84 618.67 Huron FOB 4.51 4.64 3.25 3.25 19.19 705.02 3.25 16.79 616.84 Kent FOB 4.90 19.58 719.35 3.20 16.74 615.00 Lambton FOB 4.55 19.23 706.49 N/A Mdsx FOB 4.91 N/A N/A N/A 19.59 719.72 3.44 16.98 623.82 PROCESSORS Windsor 4.94 19.62 720.82 3.77 17.31 635.94 TRANSFER Hamilton 5.25 19.93 732.21 3.80 17.34 637.04 Prescott N/A 3.63 17.17 630.80 Port Colborn N/A 3.95 17.49 642.56 Toledo El. 0.26 14.94 549.02 -0.59 12.94 475.56 Exchange rate was 1.3217 up 0.0013 Chicago wheat closed slightly lower. SEP23 HI 6.55 3/4 JUL24 HI 7.04 LOW 6.38 LOW 6.89 CLOSE 6.41 3/4 Down 9 1/4 CLOSE 6.91 Down 6 3/4 Minni wheat closed slightly lower. SEP23 HI 8.35 SEP24 HI 7.76 LOW 8.07 1/4 LOW 7.76 CLOSE 8.09 1/4 Down 7 3/4 CLOSE 7.76 Down 2 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 0.80 N/A N/A N/A 1.00 N/A London 2.23 1.37 0.71 N/A 2.51 1.26 0.86 N/A Hensall 2.50 1.55 0.80 1.40 1.90 1.45 0.95 N/A Trenton N/A N/A 0.85 N/A N/A N/A N/A N/A Bruce 1.80 1.30 0.80 1.15 1.53 1.25 0.95 N/A Essex N/A N/A 0.80 N/A N/A N/A 0.95 N/A Norwich 2.50 N/A 0.80 N/A 1.95 N/A 0.95 N/A Belmore 1.80 1.25 0.80 1.15 1.90 1.30 0.95 N/A Kent Bridge 2.50 N/A 0.80 N/A 1.95 N/A 0.95 N/A Chatham N/A N/A 0.80 N/A N/A N/A 0.95 N/A Brigden N/A N/A 0.80 N/A N/A N/A 0.95 N/A Palmerston 1.80 1.25 0.80 1.15 1.90 1.30 0.95 N/A Varna 2.50 1.55 0.80 N/A 1.90 1.45 0.95 N/A Mitchell 2.50 1.55 0.80 N/A 1.95 1.45 0.95 N/A Thornton 2.23 1.37 0.71 1.28 2.25 1.26 0.86 N/A North Gower N/A 0.90 1.10 1.12 N/A 0.68 0.88 0.87 W O Feed 1.94 TERMINAL Port Colbor N/A N/A 1.37 N/A N/A N/A 1.10 N/A PROCESSORS Toledo FM N/A N/A 1.73 N/A N/A N/A N/A N/A Toledo El. 6.09US 8.05CA 6.67US 8.82CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 645.52 DDG's FOB Aylm 300.00