Farm Market News - Soybean And Wheat Report For Wed, June 28
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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, June 28
Exchange rate was 1.3215 up 0.0067
Chicago soybeans closed moderately lower.
AUG23 HI 14.01 1/4 NOV23 HI 12.95 1/2
LOW 13.51 1/4 LOW 12.56 3/4
CLOSE13.61 Down 34 1/2 CLOSE 12.65 Down 29 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +AUG23+AUG23+NOV23
CK Low 4.24 17.85 655.88 2.80 15.45 567.69
CK High 4.60 18.21 669.10 2.95 15.60 573.20
CK Average 4.53 0.11 18.14 666.37 2.87 -0.91 15.52 570.10
Essex Cty 4.60 18.21 669.10 2.95 15.60 573.20
Mdsx Low 4.42 18.03 662.49 2.85 15.50 569.53
Mdsx High 4.60 18.21 669.10 2.89 15.54 571.00
Mdsx Average4.54 0.13 18.15 666.99 2.86 -0.91 15.51 569.89
Hensall 4.57 18.18 667.88 2.85 15.50 569.53
Bruce 4.34 17.95 659.55 2.85 15.50 569.53
Putnam 4.60 18.21 669.10 2.85 15.50 569.53
Guelph 4.60 18.21 669.10 2.81 15.46 568.06
Burford 4.52 18.13 666.16 2.99 15.64 574.67
Port Perry 4.36 17.97 660.28 2.83 15.48 568.79
Norfolk 4.60 18.21 669.10 2.85 15.50 569.53
Palmerston 4.55 18.16 667.27 2.85 15.50 569.53
Varna 4.55 18.16 667.27 2.85 15.50 569.53
Trenton 4.75 18.36 674.61 2.85 15.50 569.53
Winchester N/A 2.75 15.40 565.85
North Gower 4.45 18.06 663.59 2.90 15.55 571.36
Vankleek Hil4.20 17.81 654.41 3.23 15.88 583.49
Huron FOB N/A 4.51 4.58 2.80 2.85 15.50 569.53
Kent FOB 4.70 18.31 672.78 2.85 15.50 569.53
Lambton FOB 4.30 17.91 658.08 N/A
Mdsx FOB 4.57 4.70 N/A N/A 18.18 668.00 3.06 15.71 577.24
PROCESSORS
Windsor 5.52 19.13 702.91 3.62 16.27 597.82
TRANSFER
Hamilton 5.00 18.61 683.80 3.40 16.05 589.74
Prescott N/A 3.62 16.27 597.82
Port Colborn N/A 3.57 16.22 595.98
Toledo El. 0.26 13.87 509.79 -0.59 12.06 442.96
Exchange rate was 1.3215 up 0.0067
Chicago wheat closed lower.
SEP23 HI 7.06 1/4 SEP23 HI 7.06 1/4
LOW 6.67 1/2 LOW 6.67 1/2
CLOSE 6.69 3/4 Down 29 1/4 CLOSE 6.69 3/4 Down 29 1/4
Minni wheat closed lower.
SEP23 HI 8.46 SEP23 HI 8.46
LOW 8.16 3/4 LOW 8.16 3/4
CLOSE 8.18 1/4 Down 27 CLOSE 8.18 1/4 Down 27
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 N/A N/A N/A N/A 0.80 N/A
London 2.16 1.69 1.17 N/A 2.36 1.50 0.83 N/A
Hensall 2.30 1.90 1.20 1.40 2.55 1.60 0.85 1.45
Trenton N/A N/A N/A N/A N/A N/A 0.85 N/A
Bruce 1.75 1.25 0.75 1.15 1.75 1.25 0.75 1.15
Essex N/A N/A N/A N/A N/A N/A 0.80 N/A
Norwich N/A N/A 1.20 N/A 2.45 N/A 0.80 N/A
Belmore N/A 1.51 N/A 1.01 1.66 1.16 0.71 1.15
Kent Bridge N/A N/A 1.20 N/A 2.45 N/A 0.80 N/A
Chatham N/A N/A 1.10 N/A N/A N/A 0.80 N/A
Brigden N/A N/A N/A N/A N/A N/A 0.80 N/A
Palmerston N/A 1.51 N/A 1.01 1.66 1.16 0.71 1.15
Varna 2.30 1.90 1.20 N/A 2.55 1.60 0.85 N/A
Mitchell N/A N/A 1.20 N/A 2.45 1.60 0.80 N/A
Thornton 2.16 1.69 1.17 1.36 2.36 1.50 0.83 N/A
North Gower N/A 0.96 1.26 1.28 N/A 0.90 1.10 1.12
W O Feed 2.07
TERMINAL
Port Colbor N/A N/A 1.56 N/A N/A N/A 1.50 N/A
PROCESSORS
Toledo FM N/A N/A 1.82 N/A N/A N/A 1.82 N/A
Toledo El. 6.36US 8.40CA 6.36US 8.40CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 641.34
DDG's FOB Aylm 295.00