Farm Market News - Soybean And Wheat Report For Wed, August 2
- Details
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, August 2
Exchange rate was 1.3325 up 0.0054
Chicago soybeans closed slightly to moderately lower.
NOV23 HI 13.54 NOV23 HI 13.54
LOW 13.15 LOW 13.15
CLOSE13.21 1/4 Down 20 CLOSE 13.21 1/4 Down 20
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +NOV23+NOV23+NOV23
CK Low 4.85 18.06 663.68 3.10 16.31 599.38
CK High 4.90 18.11 665.52 3.25 16.46 604.89
CK Average 4.88 0.37 18.10 664.91 3.19 -0.90 16.40 602.74
Essex Cty 4.85 18.06 663.68 3.25 16.46 604.89
Mdsx Low 4.85 18.06 663.68 3.10 16.31 599.38
Mdsx High 4.90 18.11 665.52 3.22 16.43 603.79
Mdsx Average4.87 0.36 18.08 664.42 3.18 -0.91 16.39 602.32
Hensall 4.90 18.11 665.52 3.20 16.41 603.06
Bruce 4.85 18.06 663.68 3.20 16.41 603.06
Putnam 4.90 18.11 665.52 3.20 16.41 603.06
Guelph 4.83 18.04 662.95 3.17 16.38 601.95
Burford 4.98 18.19 668.46 3.32 16.53 607.47
Port Perry 4.82 18.03 662.58 3.16 16.37 601.59
Norfolk 4.85 18.06 663.68 3.20 16.41 603.06
Palmerston 4.90 18.11 665.52 3.20 16.41 603.06
Varna 4.90 18.11 665.52 3.20 16.41 603.06
Trenton N/A 3.15 16.36 601.22
Winchester N/A 3.10 16.31 599.38
North Gower 5.05 18.26 671.03 3.15 16.36 601.22
Vankleek Hil3.84 17.05 626.57 3.20 16.41 603.06
Huron FOB 4.95 N/A 3.20 3.20 18.16 667.36 3.20 16.41 603.06
Kent FOB 4.95 18.16 667.36 3.20 16.41 603.06
Lambton FOB 5.12 18.33 673.60 N/A
Mdsx FOB 4.97 N/A 3.48 N/A 18.18 668.09 3.48 16.69 613.34
PROCESSORS
Windsor 5.54 18.75 689.04 3.79 17.00 624.73
TRANSFER
Hamilton 5.30 18.51 680.22 3.90 17.11 628.78
Prescott N/A 3.56 16.77 616.28
Port Colborn N/A 3.99 17.20 632.08
Toledo El. 0.00 13.21 485.48 -0.80 12.41 456.10
Exchange rate was 1.3325 up 0.0054
Chicago wheat closed slightly to moderately lower.
SEP23 HI 6.84 JUL24 HI 7.42 1/2
LOW 6.36 LOW 7.02 1/2
CLOSE 6.40 Down 12 1/4 CLOSE 7.09 1/4 Down 9 1/4
Minni wheat closed slightly lower.
SEP23 HI 8.73 SEP24 HI 8.28
LOW 8.37 1/4 LOW 8.08 1/4
CLOSE 8.49 Down 5 3/4 CLOSE 8.16 3/4 Down 6
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 0.70 N/A N/A N/A 0.85 N/A
London 1.70 1.23 0.57 N/A 1.85 1.37 0.77 N/A
Hensall 1.95 1.50 0.70 1.40 1.70 1.50 0.85 N/A
Trenton N/A N/A 0.65 N/A N/A N/A N/A N/A
Bruce 1.70 1.10 0.70 1.15 1.35 1.25 0.85 N/A
Essex N/A N/A 0.55 N/A N/A N/A 0.85 N/A
Norwich 1.95 N/A 0.70 N/A 1.80 N/A 0.85 N/A
Belmore 1.75 1.25 0.70 1.20 1.90 1.30 0.85 N/A
Kent Bridge 1.95 N/A 0.55 N/A 1.80 N/A 0.85 N/A
Chatham N/A N/A 0.55 N/A N/A N/A 0.85 N/A
Brigden N/A N/A 0.30 N/A N/A N/A 0.85 N/A
Palmerston 1.75 1.25 0.70 1.20 1.90 1.30 0.85 N/A
Varna 1.95 1.50 0.70 N/A 1.70 1.50 0.85 N/A
Mitchell 1.95 1.35 0.70 N/A 1.80 1.35 0.85 N/A
Thornton 1.70 1.23 0.64 1.24 1.85 1.37 0.77 N/A
North Gower N/A 0.85 1.10 1.22 N/A 0.63 0.93 0.87
W O Feed 1.37
TERMINAL
Port Colbor N/A N/A 1.23 N/A N/A N/A 1.03 N/A
PROCESSORS
Toledo FM N/A N/A 1.73 N/A N/A N/A N/A N/A
Toledo El. 6.02US 8.02CA 6.85US 9.13CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 696.56
DDG's FOB Aylm 300.00