Farm Market News - Soybean And Wheat Report For Tue, January 24
- Details
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, January 24
Exchange rate was 1.3361 down 0.0017
Chicago soybeans closed narrowly mixed.
MAR23 HI 15.06 1/2 NOV23 HI 13.47 3/4
LOW 14.87 LOW 13.36
CLOSE14.88 1/2 Down 1 3/4 CLOSE 13.38 Down 1 1/2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +MAR23+MAR23+MAY23
CK Low 4.40 19.29 708.60 3.80 17.18 631.26
CK High 4.65 19.54 717.79 3.90 17.28 634.93
CK Average 4.54 -0.34 19.43 713.85 3.84 -0.49 17.22 632.73
Essex Cty 4.55 19.44 714.11 3.80 17.18 631.26
Mdsx Low 4.55 19.44 714.11 3.85 17.23 633.09
Mdsx High 4.60 19.49 715.95 3.90 17.28 634.93
Mdsx Average4.57 -0.32 19.46 714.94 3.87 -0.47 17.25 633.74
Hensall 4.53 19.42 713.50 3.85 17.23 633.09
Bruce 4.55 19.44 714.11 3.85 17.23 633.09
Putnam 4.55 19.44 714.11 3.85 17.23 633.09
Burford 4.66 19.55 718.16 3.94 17.32 636.40
Port Perry 4.50 19.39 712.28 3.78 17.16 630.52
Norfolk 4.55 19.44 714.11 3.85 17.23 633.09
Palmerston 4.49 19.38 711.91 N/A
Varna 4.50 19.39 712.28 3.85 17.23 633.09
Trenton 4.55 19.44 714.11 3.85 17.23 633.09
Winchester 4.40 19.29 708.60 3.78 17.16 630.52
North Gower 4.60 19.49 715.95 4.00 17.38 638.61
Vankleek Hil4.84 19.73 724.77 3.79 17.17 630.89
Huron FOB 4.50 4.50 4.76 4.79 19.39 712.28 N/A
Kent FOB 4.80 19.69 723.30 3.85 17.23 633.09
Lambton FOB 4.81 19.70 723.67 N/A
Mdsx FOB 4.72 4.92 N/A N/A 19.61 720.36 3.87 17.25 633.83
PROCESSORS
Windsor 5.25 20.14 739.83 4.19 17.57 645.59
TRANSFER
Hamilton 5.25 20.14 739.83 4.35 17.73 651.47
Prescott N/A 4.11 17.49 642.65
Port Colborn4.87 19.76 725.87 4.35 17.73 651.47
Toledo El. -0.37 14.51 533.18 -0.60 12.78 469.54
Exchange rate was 1.3361 down 0.0017
Chicago wheat closed slightly to moderately higher.
MAR23 HI 7.39 JUL23 HI 7.47 3/4
LOW 7.19 3/4 LOW 7.29 1/2
CLOSE 7.34 1/2 Up 14 1/2 CLOSE 7.44 1/2 Up 14
Minni wheat closed slightly to moderately higher.
MAR23 HI 9.07 SEP23 HI 8.73 3/4
LOW 8.88 1/4 LOW 8.62 3/4
CLOSE 9.03 Up 15 1/4 CLOSE 8.72 Up 11
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 1.30 N/A N/A N/A 1.25 N/A
London 2.38 2.11 1.24 N/A 2.54 1.74 1.20 N/A
Hensall 4.20 N/A 1.30 N/A 2.80 N/A 1.25 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.25 N/A
Bruce 2.30 1.80 1.30 1.15 2.25 1.75 1.25 1.15
Essex N/A N/A 1.20 N/A N/A N/A 1.15 N/A
Norwich 4.20 N/A 1.30 N/A 2.80 N/A 1.25 N/A
Port Hope N/A N/A 1.30 N/A N/A N/A 1.25 N/A
Kent Bridge 4.20 N/A 1.30 N/A 2.80 N/A 1.25 N/A
Chatham N/A N/A 1.20 N/A N/A N/A 1.15 N/A
Brigden N/A N/A 1.20 N/A N/A N/A 1.15 N/A
Palmerston N/A 2.07 1.20 2.23 N/A N/A N/A N/A
Varna 4.10 2.20 1.30 N/A 2.55 1.90 1.25 N/A
Mitchell 4.20 N/A 1.30 N/A 2.80 1.90 1.25 N/A
Thornton 2.38 2.11 1.24 1.89 2.54 1.74 1.20 N/A
North Gower N/A 1.20 1.60 1.67 N/A 1.00 1.40 1.32
W O Feed 2.09
TERMINAL
Port Colbor N/A N/A 1.91 N/A N/A N/A 1.81 N/A
PROCESSORS
Toledo FM N/A N/A N/A N/A N/A N/A 2.37 N/A
Toledo El. 7.10US 9.48CA 7.20US 9.61CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 732.83
DDG's FOB Aylm 370.00