Farm Market News - Soybean And Wheat Report For Wed, March 8
- Details
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, March 8
Exchange rate was 1.3799 up 0.0041
Chicago soybeans closed narrowly mixed.
MAY23 HI 15.33 3/4 NOV23 HI 13.83 3/4
LOW 15.11 LOW 13.68 1/4
CLOSE15.17 3/4 Up 2 1/4 CLOSE 13.71 1/2 Down 2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +MAY23+MAY23+JUL23
CK Low 5.11 20.29 745.44 4.30 18.02 661.94
CK High 5.20 20.38 748.74 4.45 18.17 667.45
CK Average 5.19 -0.42 20.36 748.27 4.37 -0.61 18.09 664.67
Essex Cty 5.20 20.38 748.74 4.45 18.17 667.45
Mdsx Low 5.15 20.33 746.91 4.35 18.07 663.78
Mdsx High 5.20 20.38 748.74 4.45 18.17 667.45
Mdsx Average5.19 -0.42 20.37 748.29 4.42 -0.58 18.13 666.16
Hensall 5.20 20.38 748.74 4.42 18.13 666.22
Bruce 5.20 20.38 748.74 4.45 18.17 667.45
Putnam 5.20 20.38 748.74 4.35 18.07 663.78
Burford 5.22 20.40 749.48 4.48 18.20 668.55
Port Perry 5.06 20.24 743.60 4.32 18.04 662.67
Norfolk 5.20 20.38 748.74 4.45 18.17 667.45
Palmerston N/A N/A
Varna 5.20 20.38 748.74 4.45 18.17 667.45
Trenton 5.20 20.38 748.74 4.35 18.07 663.78
Winchester 5.26 20.44 750.95 4.30 18.02 661.94
North Gower 4.90 20.08 737.72 4.10 17.82 654.59
Vankleek Hil5.49 20.67 759.40 4.18 17.90 657.53
Huron FOB 5.20 5.28 5.48 N/A 20.38 748.74 N/A
Kent FOB 5.45 20.63 757.93 4.45 18.17 667.45
Lambton FOB 5.44 20.62 757.56 N/A
Mdsx FOB 5.47 N/A N/A N/A 20.65 758.67 4.66 18.38 675.17
PROCESSORS
Windsor 5.63 20.81 764.54 4.80 18.52 680.31
TRANSFER
Hamilton 5.70 20.88 767.12 5.10 18.82 691.33
Prescott N/A 4.86 18.58 682.51
Port Colborn5.55 20.73 761.61 5.15 18.87 693.17
Toledo El. -0.28 14.90 547.54 -0.62 13.09 481.12
Exchange rate was 1.3799 up 0.0041
Chicago wheat closed slightly lower.
MAY23 HI 6.99 1/2 JUL23 HI 7.08
LOW 6.84 1/4 LOW 6.93 1/4
CLOSE 6.87 1/2 Down 10 1/2 CLOSE 6.97 Down 9 1/2
Minni wheat closed moderately lower.
MAY23 HI 8.52 3/4 SEP23 HI 8.45 1/4
LOW 8.37 LOW 8.30 1/4
CLOSE 8.38 1/2 Down 14 1/4 CLOSE 8.31 3/4 Down 11 1/2
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 1.45 N/A N/A N/A 1.30 N/A
London 2.53 2.05 1.36 N/A 2.76 1.87 1.32 N/A
Hensall 4.20 N/A 1.45 N/A 2.90 N/A 1.30 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.40 N/A
Bruce 2.45 1.95 1.50 1.15 2.30 1.80 1.30 1.15
Essex N/A N/A 1.40 N/A N/A N/A 1.30 N/A
Norwich 4.20 N/A 1.45 N/A 2.90 N/A 1.30 N/A
Belmore 2.50 1.75 1.50 1.15 2.00 1.90 1.30 N/A
Kent Bridge 4.20 N/A 1.45 N/A 2.90 N/A 1.30 N/A
Chatham N/A N/A 1.40 N/A N/A N/A 1.30 N/A
Brigden N/A N/A 1.40 N/A N/A N/A 1.30 N/A
Palmerston N/A 1.86 1.30 N/A N/A N/A N/A N/A
Varna 4.15 2.20 1.50 N/A 2.85 1.95 1.30 N/A
Mitchell 4.20 N/A 1.45 N/A 2.90 1.95 1.30 N/A
Thornton 2.53 2.05 1.36 2.03 2.76 1.87 1.32 N/A
North Gower N/A 1.40 1.70 1.92 N/A 1.10 1.40 1.52
W O Feed 2.26
TERMINAL
Port Colbor N/A N/A 2.25 N/A N/A N/A 1.93 N/A
PROCESSORS
Toledo FM N/A N/A N/A N/A N/A N/A 2.37 N/A
Toledo El. 6.53US 9.00CA 6.72US 9.27CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 808.78
DDG's FOB Aylm 360.00