Farm Market News - Soybean And Wheat Report For Thu, May 11
- Details
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, May 11
Exchange rate was 1.3477 up 0.0108
Chicago soybeans closed narrowly mixed.
JUL23 HI 14.13 1/2 NOV23 HI 12.53
LOW 13.85 1/4 LOW 12.34 1/2
CLOSE14.05 1/2 Up 1 1/2 CLOSE 12.48 Down 2 3/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +JUL23+JUL23+JUL23
CK Low 4.35 18.41 676.27 3.10 15.58 572.47
CK High 4.41 18.47 678.47 3.22 15.70 576.88
CK Average 4.39 -0.37 18.44 677.63 3.12 -0.90 15.60 573.36
Essex Cty 4.40 18.46 678.11 3.10 15.58 572.47
Mdsx Low 4.35 18.41 676.27 3.10 15.58 572.47
Mdsx High 4.40 18.46 678.11 3.20 15.68 576.14
Mdsx Average4.37 -0.38 18.43 677.09 3.15 -0.88 15.63 574.30
Hensall 4.42 18.47 678.72 3.13 15.61 573.69
Bruce 4.35 18.41 676.27 3.10 15.58 572.47
Putnam 4.35 18.41 676.27 3.10 15.58 572.47
Burford 4.46 18.52 680.31 3.27 15.75 578.71
Port Perry 4.30 18.36 674.43 3.11 15.59 572.83
Norfolk 4.40 18.46 678.11 3.10 15.58 572.47
Palmerston 4.35 18.41 676.27 3.10 15.58 572.47
Varna 4.45 18.51 679.94 3.15 15.63 574.30
Trenton 4.35 18.41 676.27 3.10 15.58 572.47
Winchester 4.55 18.61 683.62 3.30 15.78 579.82
North Gower 4.50 18.56 681.78 3.40 15.88 583.49
Vankleek Hil4.19 18.25 670.39 3.30 15.78 579.82
Huron FOB 4.50 4.60 4.87 N/A 18.56 681.78 N/A
Kent FOB 4.70 18.76 689.13 3.10 15.58 572.47
Lambton FOB 4.47 18.53 680.68 N/A
Mdsx FOB 4.65 4.85 5.05 N/A 18.71 687.29 3.36 15.84 582.02
PROCESSORS
Windsor 5.54 19.60 719.99 4.21 16.69 613.25
TRANSFER
Hamilton 5.10 19.16 703.83 3.80 16.28 598.19
Prescott N/A 3.98 16.46 604.80
Port Colborn N/A 3.88 16.36 601.13
Toledo El. 0.30 14.35 527.33 -0.61 11.87 436.28
Exchange rate was 1.3477 up 0.0108
Chicago wheat closed moderately lower.
JUL23 HI 6.40 3/4 JUL23 HI 6.40 3/4
LOW 6.25 1/2 LOW 6.25 1/2
CLOSE 6.27 1/4 Down 14 CLOSE 6.27 1/4 Down 14
Minni wheat closed moderately lower.
JUL23 HI 8.49 SEP23 HI 8.51 1/4
LOW 8.34 1/2 LOW 8.37 3/4
CLOSE 8.36 3/4 Down 12 3/4 CLOSE 8.40 Down 12
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 1.20 N/A N/A N/A 0.85 N/A
London 2.13 1.66 1.19 N/A 2.33 1.46 0.92 N/A
Hensall 2.50 1.90 1.20 1.50 2.55 1.60 0.90 1.40
Trenton N/A N/A N/A N/A N/A N/A 0.85 N/A
Bruce 2.20 1.70 1.20 1.25 1.85 1.35 0.85 1.15
Essex N/A N/A 1.25 N/A N/A N/A 0.90 N/A
Norwich N/A N/A 1.20 N/A 2.65 N/A 0.85 N/A
Belmore 2.50 1.65 1.20 1.15 2.00 1.50 0.90 N/A
Kent Bridge N/A N/A 1.20 N/A 2.65 N/A 0.85 N/A
Chatham N/A N/A 1.25 N/A N/A N/A 0.90 N/A
Brigden N/A N/A 1.25 N/A N/A N/A 0.90 N/A
Palmerston 2.20 1.70 1.20 1.25 1.85 1.35 0.85 1.15
Varna 2.50 1.90 1.20 N/A 2.55 1.60 0.90 N/A
Mitchell N/A N/A 1.20 N/A 2.65 1.60 0.85 N/A
Thornton 2.13 1.66 1.19 1.57 2.33 1.46 0.92 N/A
North Gower N/A 0.90 1.20 1.32 N/A 0.70 1.00 1.12
W O Feed 2.01
TERMINAL
Port Colbor N/A N/A 1.93 N/A N/A N/A 1.46 N/A
PROCESSORS
Toledo FM N/A N/A 1.84 N/A N/A N/A 1.98 N/A
Toledo El. 6.02US 8.12CA 6.02US 8.12CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 690.50
DDG's FOB Aylm 390.00