Farm Market News - Soybean And Wheat Report For Mon, October 24
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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, October 24
Exchange rate was 1.3734 up 0.0074
Chicago soybeans closed slightly to moderately lower.
NOV22 HI 13.93 NOV23 HI 13.58 1/4
LOW 13.68 1/4 LOW 13.42 1/4
CLOSE13.72 Down 23 1/2 CLOSE 13.45 1/2 Down 15 1/2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +NOV22+JAN23+JAN23
CK Low 4.80 18.52 680.49 4.25 17.71 650.55
CK High 4.85 18.57 682.33 4.40 17.86 656.06
CK Average 4.84 -0.21 18.56 681.96 4.36 -0.48 17.81 654.54
Essex Cty 4.85 18.57 682.33 4.35 17.81 654.22
Mdsx Low 4.85 18.57 682.33 4.35 17.81 654.22
Mdsx High 4.87 18.59 683.07 4.40 17.86 656.06
Mdsx Average4.86 -0.20 18.58 682.51 4.39 -0.46 17.84 655.60
Hensall 4.88 18.60 683.56 4.40 17.86 656.06
Bruce 4.85 18.57 682.33 4.45 17.91 657.90
Putnam 4.85 18.57 682.33 4.40 17.86 656.06
Burford 4.94 18.66 685.64 4.42 17.88 656.79
Port Perry 4.78 18.50 679.76 4.26 17.72 650.91
Norfolk 4.85 18.57 682.33 4.40 17.86 656.06
Palmerston 4.86 18.58 682.70 N/A
Varna 4.90 18.62 684.17 4.40 17.86 656.06
Trenton 4.80 18.52 680.49 4.40 17.86 656.06
Winchester 4.80 18.52 680.49 4.26 17.72 650.91
North Gower 4.80 18.52 680.49 4.35 17.81 654.22
Vankleek Hil4.62 18.34 673.88 4.24 17.70 650.18
Huron FOB 4.95 4.99 4.99 4.99 18.67 686.01 N/A
Kent FOB 4.85 18.57 682.33 4.40 17.86 656.06
Lambton FOB 4.85 18.57 682.33 N/A
Mdsx FOB 5.11 5.16 N/A N/A 18.83 691.88 N/A
PROCESSORS
Windsor 5.38 19.10 701.80 4.58 18.04 662.67
TRANSFER
Hamilton 5.55 19.27 708.05 4.90 18.36 674.43
Prescott 5.25 18.97 697.03 4.70 18.16 667.08
Port Colborn5.55 19.27 708.05 4.76 18.22 669.29
Toledo El. -0.27 13.45 494.03 -0.62 12.84 471.68
Exchange rate was 1.3734 up 0.0074
Chicago wheat closed slightly to moderately lower.
DEC22 HI 8.56 1/2 JUL23 HI 8.82 3/4
LOW 8.33 1/2 LOW 8.63 1/2
CLOSE 8.38 3/4 Down 12 CLOSE 8.67 Down 11
Minni wheat closed slightly lower.
DEC22 HI 9.65 1/2 SEP23 HI 9.43 1/2
LOW 9.50 LOW 9.36
CLOSE 9.57 3/4 Down 3 3/4 CLOSE 9.42 1/2 Down 3
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 1.80 N/A N/A N/A 1.80 N/A
London 3.62 2.24 1.63 N/A 3.31 2.21 1.67 N/A
Hensall 4.70 N/A 1.80 N/A 3.20 N/A 1.70 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.75 N/A
Bruce 2.80 2.30 1.80 1.15 2.75 2.30 1.75 1.00
Essex N/A N/A 1.80 N/A N/A N/A 1.85 N/A
Norwich 4.70 N/A 1.80 N/A 3.20 N/A 1.70 N/A
Port Hope N/A N/A 1.60 N/A N/A N/A 1.70 N/A
Kent Bridge 4.70 N/A 1.80 N/A 3.20 N/A 1.70 N/A
Chatham N/A N/A 1.80 N/A N/A N/A 1.85 N/A
Brigden N/A N/A 1.80 N/A N/A N/A 1.85 N/A
Palmerston N/A 2.59 1.77 2.41 N/A N/A N/A N/A
Varna 4.30 2.65 1.80 N/A 3.05 2.40 1.85 N/A
Mitchell 4.70 N/A 1.80 N/A 3.20 2.30 1.70 N/A
Thornton 3.62 2.24 1.63 2.39 3.31 2.21 1.67 N/A
North Gower N/A 1.15 1.55 1.47 N/A 1.40 1.80 1.47
W O Feed 2.41
TERMINAL
Port Colbor N/A N/A 1.90 N/A N/A N/A 1.93 N/A
PROCESSORS
Toledo FM N/A N/A 3.13 N/A N/A N/A 3.10 N/A
Toledo El. 8.09US 11.11CA 8.57US 11.77CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 694.14
DDG's FOB Aylm -