Farm Market News - Soybean And Wheat Report For Mon, September 18
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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, September 18
Exchange rate was 1.3473 down 0.0031
Chicago soybeans closed moderately lower.
NOV23 HI 13.44 1/2 NOV23 HI 13.44 1/2
LOW 13.15 1/2 LOW 13.15 1/2
CLOSE13.16 3/4 Down 23 1/2 CLOSE 13.16 3/4 Down 23 1/2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +NOV23+NOV23+JAN24
CK Low 4.35 17.52 643.66 3.50 16.67 612.43
CK High 4.50 17.67 649.17 3.80 16.97 623.45
CK Average 4.46 -0.08 17.63 647.70 3.67 -0.67 16.84 618.62
Essex Cty 4.45 17.62 647.33 3.70 16.87 619.77
Mdsx Low 4.33 17.50 642.92 3.60 16.77 616.10
Mdsx High 4.55 17.72 651.01 3.80 16.97 623.45
Mdsx Average4.46 -0.08 17.63 647.70 3.69 -0.66 16.86 619.41
Hensall 4.50 17.67 649.17 3.70 16.87 619.77
Bruce N/A 3.75 16.92 621.61
Putnam 4.50 17.67 649.17 3.70 16.87 619.77
Guelph 4.58 17.75 652.11 3.63 16.80 617.20
Burford 4.41 17.58 645.86 3.74 16.91 621.24
Port Perry 4.30 17.47 641.82 3.63 16.80 617.20
Norfolk N/A 3.65 16.82 617.94
Palmerston 4.50 17.67 649.17 3.70 16.87 619.77
Varna 4.50 17.67 649.17 3.70 16.87 619.77
Trenton N/A 3.60 16.77 616.10
Winchester N/A 3.75 16.92 621.61
North Gower 4.50 17.67 649.17 3.80 16.97 623.45
Vankleek Hil4.60 17.77 652.84 3.64 16.81 617.57
Huron FOB 4.57 3.70 3.70 3.76 17.74 651.74 3.70 16.87 619.77
Kent FOB N/A 3.60 16.77 616.10
Lambton FOB N/A 3.90 17.07 627.12
Mdsx FOB 4.55 3.72 3.84 3.96 17.72 651.01 3.72 16.89 620.51
PROCESSORS
Windsor 4.06 17.23 633.00 4.16 17.33 636.68
TRANSFER
Hamilton 5.15 18.32 673.05 4.30 17.47 641.82
Prescott N/A 4.18 17.35 637.41
Port Colborn N/A 4.37 17.54 644.39
Toledo El. -0.47 12.70 466.50 -0.94 12.22 449.17
Exchange rate was 1.3473 down 0.0031
Chicago wheat closed moderately lower.
DEC23 HI 6.04 1/4 JUL24 HI 6.50 3/4
LOW 5.87 LOW 6.38 1/4
CLOSE 5.91 1/4 Down 13 CLOSE 6.40 1/2 Down 11 1/2
Minni wheat closed moderately lower.
DEC23 HI 7.86 SEP24 HI 7.98 1/4
LOW 7.73 3/4 LOW 7.97 1/2
CLOSE 7.77 1/2 Down 11 1/2 CLOSE 7.98 1/4 Down 10
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 0.45 N/A N/A N/A 0.90 N/A
London 1.33 1.13 0.45 N/A 1.46 1.37 0.83 N/A
Hensall 1.65 1.40 0.60 1.20 1.70 1.50 0.85 N/A
Trenton N/A N/A 0.60 N/A N/A N/A N/A N/A
Bruce 1.30 1.00 0.50 1.00 1.35 1.35 0.85 N/A
Essex N/A N/A 0.45 N/A N/A N/A 0.85 N/A
Norwich 1.65 N/A 0.45 N/A 1.80 N/A 0.90 N/A
Belmore 1.60 1.10 0.60 1.20 1.70 1.15 0.85 N/A
Kent Bridge 1.65 N/A 0.45 N/A 1.80 N/A 0.90 N/A
Chatham N/A N/A 0.45 N/A N/A N/A 0.85 N/A
Brigden N/A N/A 0.35 N/A N/A N/A 0.85 N/A
Palmerston 1.60 1.10 0.60 1.20 1.70 1.15 0.85 N/A
Varna 1.65 1.40 0.60 N/A 1.70 1.50 0.85 N/A
Mitchell 1.65 1.30 0.45 N/A 1.80 1.50 0.90 N/A
Thornton 1.33 1.13 0.45 1.10 1.46 1.37 0.83 N/A
North Gower N/A 0.50 0.70 1.05 N/A 0.71 1.01 0.87
W O Feed 1.38
TERMINAL
Port Colbor N/A N/A 0.99 N/A N/A N/A 1.30 N/A
PROCESSORS
Toledo FM N/A N/A 1.58 N/A N/A N/A N/A N/A
Toledo El. 5.36US 7.23CA 6.17US 8.31CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 659.63
DDG's FOB Aylm -