Farm Market News - Soybean And Wheat Report For Mon, May 2
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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, May 2
Exchange rate was 1.2915 up 0.0086
Chicago soybeans closed moderately lower to lower.
JUL22 HI 16.88 3/4 NOV22 HI 15.19 1/2
LOW 16.35 LOW 14.79 1/4
CLOSE16.45 1/4 Down 39 1/2 CLOSE 14.90 1/2 Down 24 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +JUL22+JUL22+SEP22
CK Low 4.70 21.15 777.22 3.75 18.66 685.45
CK High 4.77 21.22 779.79 3.76 18.67 685.82
CK Average 4.75 -0.04 21.20 778.90 3.75 -0.46 18.66 685.51
Essex Cty 4.75 21.20 779.06 3.75 18.66 685.45
Mdsx Low 4.65 21.10 775.38 3.70 18.61 683.62
Mdsx High 4.75 21.20 779.06 3.75 18.66 685.45
Mdsx Average4.72 -0.06 21.17 777.83 3.73 -0.48 18.64 684.72
Hensall 4.72 21.17 777.83 3.78 18.69 686.68
Bruce 4.75 21.20 779.06 3.75 18.66 685.45
Putnam 4.75 21.20 779.06 3.75 18.66 685.45
Burford 4.81 21.26 781.26 3.80 18.71 687.29
Port Perry 4.66 21.11 775.75 3.65 18.56 681.78
Norfolk 4.75 21.20 779.06 3.80 18.71 687.29
Palmerston 4.71 21.16 777.59 3.82 18.73 688.03
Varna 4.70 21.15 777.22 3.80 18.71 687.29
Trenton 4.65 21.10 775.38 3.75 18.66 685.45
Winchester 4.70 21.15 777.22 3.90 18.81 690.97
North Gower 4.35 20.80 764.36 3.60 18.51 679.94
Vankleek Hil4.34 20.79 763.99 3.45 18.36 674.43
Huron FOB 4.79 4.89 4.89 5.05 21.24 780.53 3.66 18.57 682.15
Kent FOB 4.95 21.40 786.41 3.75 18.66 685.45
Lambton FOB 4.95 21.40 786.41 N/A
Mdsx FOB 5.04 5.11 N/A N/A 21.49 789.71 3.97 18.88 693.54
PROCESSORS
Windsor 5.41 21.86 803.31 4.10 19.01 698.31
TRANSFER
Hamilton 5.40 21.85 802.94 4.40 19.31 709.34
Prescott N/A 3.83 18.74 688.39
Port Colborn5.42 21.87 803.68 4.41 19.32 709.70
Toledo El. -0.06 16.39 602.15 -0.45 14.45 531.06
Exchange rate was 1.2915 up 0.0086
Chicago wheat closed narrowly mixed.
JUL22 HI 10.71 1/2 SEP22 HI 10.73
LOW 10.34 1/4 LOW 10.37 1/4
CLOSE 10.55 1/2 Down 1/4 CLOSE 10.58 1/4 Unchanged
Minni wheat closed slightly higher.
JUL22 HI 11.81 1/4 SEP22 HI 11.68 3/4
LOW 11.54 1/2 LOW 11.43
CLOSE 11.67 3/4 Up 1 3/4 CLOSE 11.56 1/2 Up 3 1/4
Direct MarkHarvest 2021 Harvest 2022
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 N/A N/A N/A N/A 2.10 N/A
London 2.15 2.48 1.90 N/A 2.79 2.40 2.08 N/A
Hensall 1.80 N/A 1.80 N/A 3.10 N/A 2.10 N/A
Trenton N/A N/A N/A N/A N/A N/A 2.10 N/A
Bruce N/A N/A 1.80 N/A 3.00 2.45 2.10 1.30
Essex N/A N/A 1.80 N/A N/A N/A 2.10 N/A
Norwich 1.80 N/A 1.80 N/A 3.10 N/A 2.10 N/A
Port Hope N/A N/A N/A N/A N/A N/A 2.10 N/A
Kent Bridge 1.80 N/A 1.80 N/A 3.10 N/A 2.10 N/A
Chatham N/A N/A 1.80 N/A N/A N/A 2.10 N/A
Brigden N/A N/A 1.80 N/A N/A N/A 2.10 N/A
Palmerston N/A 1.30 1.49 2.67 N/A 2.18 2.05 N/A
Varna 2.05 2.55 1.80 N/A 3.00 2.45 2.10 N/A
Mitchell 1.80 2.50 1.80 N/A 3.10 2.45 2.10 N/A
Thornton 2.15 2.48 1.90 1.42 2.79 2.40 2.08 N/A
North Gower N/A N/A N/A N/A N/A N/A 1.95 N/A
W O Feed 2.52
TERMINAL
Port Colbor N/A N/A 2.35 N/A N/A N/A 2.47 N/A
PROCESSORS
Toledo FM N/A N/A 3.12 N/A N/A N/A 3.08 N/A
Toledo El. 10.14US 13.09CA 10.35US 13.37CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 693.26
DDG's FOB Srn & Aylm 385.00 - 410.00