Farm Market News - Soybean And Wheat Report For Mon, July 4
- Details
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, July 4
Exchange rate was 1.2863 down 0.0088
Markets in the U.S. were closed for the Independence Day holiday
On Friday, July 1, Chicago soybeans closed lower to sharply lower.
AUG22 HI 15.73 1/4 NOV22 HI 14.70 3/4
LOW 15.05 1/4 LOW 13.91 1/4
CLOSE15.09 3/4 Down 50 3/4 CLOSE 13.95 1/4 Down 62 3/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +AUG22+NOV22+NOV22
CK Low 4.80 19.90 731.11 3.70 17.65 648.62
CK High 5.41 20.51 753.52 3.80 17.75 652.29
CK Average 5.28 0.74 20.38 748.74 3.75 -0.19 17.70 650.46
Essex Cty 5.30 20.40 749.48 3.70 17.65 648.62
Mdsx Low 5.30 20.40 749.48 3.75 17.70 650.46
Mdsx High 5.43 20.53 754.26 3.82 17.77 653.03
Mdsx Average5.37 0.81 20.46 751.87 3.77 -0.17 17.73 651.31
Hensall 5.37 20.46 751.93 3.80 17.75 652.29
Bruce N/A 3.75 17.70 650.46
Putnam 5.40 20.50 753.15 3.80 17.75 652.29
Burford 5.49 20.59 756.46 3.88 17.83 655.23
Port Perry 5.40 20.50 753.15 3.79 17.74 651.93
Norfolk 5.30 20.40 749.48 3.80 17.75 652.29
Palmerston 5.10 20.20 742.13 4.11 18.06 663.68
Varna N/A 3.80 17.75 652.29
Trenton N/A 3.75 17.70 650.46
Winchester N/A 3.60 17.55 644.94
North Gower 4.50 19.60 720.08 3.70 17.65 648.62
Vankleek Hil3.30 18.40 675.99 3.53 17.48 642.37
Huron FOB 5.56 5.56 3.95 N/A 20.66 759.03 3.95 17.90 657.80
Kent FOB 5.35 20.45 751.32 3.75 17.70 650.46
Lambton FOB 5.25 20.35 747.64 N/A
Mdsx FOB 5.31 5.50 N/A N/A 20.41 749.85 3.95 17.90 657.80
PROCESSORS
Windsor 5.81 20.91 768.22 3.92 17.87 656.70
TRANSFER
Hamilton 5.90 21.00 771.53 4.45 18.40 676.18
Prescott N/A 4.10 18.05 663.32
Port Colborn N/A 4.49 18.44 677.65
Toledo El. 1.09 16.19 594.91 -0.45 13.50 496.12
Exchange rate was 1.2863 down 0.0088
Chicago wheat closed lower.
SEP22 HI 8.96 1/4 JUL23 HI 9.13 1/4
LOW 8.40 1/2 LOW 8.68 1/2
CLOSE 8.46 Down 38 CLOSE 8.75 Down 26 3/4
Minni wheat closed moderately lower to lower.
SEP22 HI 9.98 1/4 SEP23 HI 9.88
LOW 9.46 LOW 9.66 1/2
CLOSE 9.48 Down 42 CLOSE 9.68 1/2 Down 19 1/2
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 2.00 N/A N/A N/A 1.85 N/A
London 2.81 2.29 1.77 N/A 2.21 2.01 1.63 N/A
Hensall 3.05 N/A 1.80 N/A 2.55 N/A 1.80 N/A
Trenton N/A N/A 2.00 N/A N/A N/A 1.85 N/A
Bruce 2.85 2.40 2.00 1.70 2.20 2.15 1.85 N/A
Essex N/A N/A 1.75 N/A N/A N/A 1.60 N/A
Norwich 3.05 N/A 1.80 N/A 2.55 N/A 1.80 N/A
Port Hope N/A N/A 2.00 N/A N/A N/A 1.85 N/A
Kent Bridge 3.05 N/A 1.80 N/A 2.55 N/A 1.80 N/A
Chatham N/A N/A 1.75 N/A N/A N/A 1.65 N/A
Brigden N/A N/A 1.75 N/A N/A N/A 1.65 N/A
Palmerston N/A 2.15 1.83 N/A N/A N/A 1.38 N/A
Varna 3.05 2.55 2.00 N/A 2.40 2.15 1.85 N/A
Mitchell 3.05 2.40 1.80 N/A 2.55 2.15 1.80 N/A
Thornton 2.81 2.29 1.77 2.40 2.21 2.01 1.63 N/A
North Gower N/A 1.40 1.80 1.12 N/A 1.30 1.70 0.82
W O Feed 2.19
TERMINAL
Port Colbor N/A N/A 2.23 N/A N/A N/A 2.02 N/A
PROCESSORS
Toledo FM N/A N/A 2.42 N/A N/A N/A N/A N/A
Toledo El. 8.16US 10.50CA 8.65US 11.13CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 743.74
DDG's FOB Srn & Aylm 340.00