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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, November 25

25 Nov 2015
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, November 25 Bank of Canada Noon exchange rate was 1.3301 down 0.0007 Chicago soybeans closed slightly to moderately higher. JAN16 HI 8.77 NOV16 HI 8.94 3/4 LOW 8.61 1/2 LOW 8.81 1/2 CLOSE8.75 1/4 Up 11 1/2 CLOSE 8.94 1/4 Up 10 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR16 CK Low 2.30 11.05 406.112.00 10.94 402.07 CK High 2.40 11.15 409.782.05 10.99 403.91 CK Average 2.37 -0.5211.12 408.622.01 -0.9410.95 402.37 Essex Cty 2.40 11.15 409.782.00 10.94 402.07 Mdsx Low 2.29 11.04 405.741.98 10.92 401.33 Mdsx High 2.40 11.15 409.782.00 10.94 402.07 Mdsx Average 2.35 -0.5411.10 407.761.99 -0.9610.93 401.70 Hensall 2.35 11.10 407.952.00 10.94 402.07 Bruce 2.40 11.15 409.782.00 10.94 402.07 Putnam N/A 2.00 10.94 402.07 Burford 2.36 11.11 408.312.05 10.99 403.91 Port Perry 2.26 11.01 404.641.95 10.89 400.23 Norfolk 2.40 11.15 409.782.00 10.94 402.07 Palmerston 2.35 11.10 407.952.00 10.94 402.07 Varna 2.30 11.05 406.112.00 10.94 402.07 Trenton 2.35 11.10 407.952.00 10.94 402.07 Winchester 2.31 11.06 406.482.16 11.10 407.95 North Gower 2.29 11.04 405.742.12 11.06 406.48 Huron FOB 2.50 11.25 413.462.05 10.99 403.91 Kent FOB 2.40 11.15 409.782.00 10.94 402.07 Lambton FOB 2.40 11.15 409.782.00 10.94 402.07 Middlesex FOB2.56 2.56 N/A N/A 11.31 415.662.15 11.09 407.58 PROCESSORS Hamilton 2.94 2.93 3.00 N/A 11.69 429.632.52 11.46 421.17 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Hamilton N/A N/A Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC N/A N/A Toledo El. -0.24 8.51 312.81-0.37 8.57 314.90 Bank of Canada Noon exchange rate was 1.3301 down 0.0007 Chicago wheat closed mixed. DEC15 HI 4.87 1/2 JUL16 HI 5.01 LOW 4.79 LOW 4.97 CLOSE 4.79 1/4 Down 5 CLOSE 4.97 1/2 Up 1/2 Minni wheat closed mixed. DEC15 HI 5.19 SEP16 HI 5.40 LOW 5.08 3/4 LOW 5.36 3/4 CLOSE 5.14 1/2 Up 5 CLOSE 5.36 3/4 Down 3/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 3.44 1.05 1.05 0.77 CAD $/bu 8.23 5.84 5.84 5.91 CAD $/tonne 302.53 214.59 214.59 217.16 Direct MarkHarvest 2015 Harvest 2016 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 0.80 N/A N/A 0.90 0.40 N/A London 3.47 0.88 0.88 N/A 1.39 0.86 0.39 N/A Hensall 3.50 N/A 1.00 N/A 1.20 N/A 0.40 N/A Trenton N/A N/A N/A N/A N/A N/A 0.40 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A 0.75 N/A N/A N/A 0.45 N/A Norwich 3.50 N/A 1.00 N/A 1.30 N/A 0.40 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge 3.50 N/A 0.35 N/A 1.30 N/A 0.40 N/A Chatham N/A 0.90 0.40 N/A N/A 0.90 0.40 N/A Brigden N/A N/A 0.40 N/A N/A N/A 0.40 N/A Palmerston N/A 0.98 1.08 0.40 N/A 1.00 0.40 0.30 Varna 3.50 0.90 1.00 N/A 1.15 0.80 0.35 N/A Mitchell 3.50 0.90 1.00 N/A 1.20 0.90 0.40 N/A Thornton N/A N/A N/A 0.40 N/A N/A N/A N/A North Gower N/A 0.97 0.97 0.65 N/A 0.99 0.61 0.88 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A N/A N/A N/A N/A N/A N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 4.24N/A 1.85N/A 2.64N/A 1.64N/A Toledo El. 4.96US 6.60CA 4.95US 6.57CA GFO Contract Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.51 1.24 0.71 0.97 CAD $/bu 6.48 6.22 5.68 6.34 CAD $/tonne 238.17 228.40 208.85 232.92 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat - Bayport Oats - Bayport Barley - FOB Hm Soymeal 462.76 DDG's FOB Srn & Aylm 190.00 - 200.00