Farm Market News - Soybean And Wheat Report For Wed, November 2
- Details
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, November 2
Exchange rate was 1.3608 down 0.0012
Chicago soybeans closed slightly higher.
JAN23 HI 14.57 3/4 NOV23 HI 14.01 3/4
LOW 14.31 LOW 13.81
CLOSE14.54 Up 6 1/4 CLOSE 14.00 1/4 Up 8 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +JAN23+JAN23+MAR23
CK Low 4.80 19.34 710.62 4.20 18.20 668.83
CK High 5.05 19.59 719.81 4.30 18.30 672.50
CK Average 4.84 -0.30 19.38 712.04 4.25 -0.59 18.25 670.56
Essex Cty 4.80 19.34 710.62 4.20 18.20 668.83
Mdsx Low 4.75 19.29 708.79 4.25 18.25 670.66
Mdsx High 4.86 19.40 712.83 4.32 18.32 673.24
Mdsx Average4.80 -0.33 19.34 710.72 4.28 -0.57 18.28 671.77
Hensall 4.80 19.34 710.62 4.32 18.32 673.11
Bruce 4.70 19.24 706.95 4.30 18.30 672.50
Putnam 4.80 19.34 710.62 4.25 18.25 670.66
Burford 4.93 19.47 715.40 4.39 18.39 675.81
Port Perry 4.77 19.31 709.52 4.23 18.23 669.93
Norfolk 4.80 19.34 710.62 4.25 18.25 670.66
Palmerston 4.81 19.35 710.99 N/A
Varna 4.80 19.34 710.62 4.35 18.35 674.34
Trenton 4.80 19.34 710.62 4.25 18.25 670.66
Winchester 4.65 19.19 705.11 4.15 18.15 666.99
North Gower 4.45 18.99 697.76 4.05 18.05 663.32
Vankleek Hil4.45 18.99 697.76 4.43 18.43 677.28
Huron FOB 4.85 4.89 4.89 N/A 19.39 712.46 N/A
Kent FOB 5.00 19.54 717.97 4.25 18.25 670.66
Lambton FOB 4.83 19.37 711.73 N/A
Mdsx FOB 5.08 N/A N/A N/A 19.62 720.91 N/A
PROCESSORS
Windsor 5.33 19.87 730.10 4.70 18.70 687.20
TRANSFER
Hamilton 5.55 20.09 738.18 4.70 18.70 687.20
Prescott 5.00 19.54 717.97 4.51 18.51 680.22
Port Colborn5.52 20.06 737.08 4.73 18.73 688.30
Toledo El. -0.37 14.17 520.75 -0.61 13.39 492.00
Exchange rate was 1.3608 down 0.0012
Chicago wheat closed lower to sharply lower.
DEC22 HI 9.02 JUL23 HI 9.21
LOW 8.37 3/4 LOW 8.66 1/2
CLOSE 8.46 Down 56 1/2 CLOSE 8.74 Down 45 1/2
Minni wheat closed lower.
DEC22 HI 9.93 1/4 SEP23 HI 9.67
LOW 9.45 LOW 9.31 1/4
CLOSE 9.49 1/4 Down 40 1/2 CLOSE 9.37 1/4 Down 30
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 1.65 N/A N/A N/A 1.75 N/A
London 3.53 2.30 1.65 N/A 3.22 2.13 1.58 N/A
Hensall 4.50 N/A 1.65 N/A 3.10 N/A 1.70 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.75 N/A
Bruce 2.65 2.15 1.70 1.15 2.70 2.20 1.70 1.15
Essex N/A N/A 1.65 N/A N/A N/A 1.70 N/A
Norwich 4.50 N/A 1.65 N/A 3.10 N/A 1.70 N/A
Port Hope N/A N/A 1.45 N/A N/A N/A 1.70 N/A
Kent Bridge 4.50 N/A 1.65 N/A 3.10 N/A 1.70 N/A
Chatham N/A N/A 1.65 N/A N/A N/A 1.70 N/A
Brigden N/A N/A 1.65 N/A N/A N/A 1.70 N/A
Palmerston N/A 2.53 1.70 2.30 N/A N/A N/A N/A
Varna 4.15 2.50 1.65 N/A 2.90 2.25 1.70 N/A
Mitchell 4.50 N/A 1.65 N/A 3.10 2.30 1.70 N/A
Thornton 3.53 2.30 1.65 2.29 3.22 2.13 1.58 N/A
North Gower N/A 1.05 1.45 1.32 N/A 1.20 1.60 1.27
W O Feed 2.33
TERMINAL
Port Colbor N/A N/A 1.82 N/A N/A N/A 1.99 N/A
PROCESSORS
Toledo FM N/A N/A 2.98 N/A N/A N/A 3.02 N/A
Toledo El. N/A 8.64US 11.76CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 721.47
DDG's FOB Aylm 370.00