FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, January 4
4 Jan 2016
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, January 4 Bank of Canada Noon exchange rate was 1.3969 up 0.0129 Chicago soybeans closed slightly to moderately lower. MAR16 HI 8.67 NOV16 HI 8.84 3/4 LOW 8.53 1/4 LOW 8.70 3/4 CLOSE8.56 Down 8 1/4 CLOSE 8.72 3/4 Down 10 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY16 CK Low 2.79 11.35 417.042.60 11.33 416.21 CK High 2.89 11.45 420.722.65 11.38 418.05 CK Average 2.84 -0.5411.40 418.822.61 -0.8311.34 416.58 Essex Cty 2.85 11.41 419.252.65 11.38 418.05 Mdsx Low 2.77 11.33 416.312.59 11.32 415.85 Mdsx High 2.85 11.41 419.252.60 11.33 416.21 Mdsx Average 2.81 -0.5711.37 417.782.60 -0.8511.32 416.03 Hensall 2.88 11.44 420.162.63 11.35 417.13 Bruce 2.85 11.41 419.252.60 11.33 416.21 Putnam 2.85 11.41 419.252.60 11.33 416.21 Burford 2.93 11.49 422.192.65 11.38 418.05 Port Perry 2.74 11.30 415.202.56 11.29 414.74 Norfolk 2.80 11.36 417.412.60 11.33 416.21 Palmerston N/A 2.60 11.33 416.21 Varna 2.90 11.46 421.082.65 11.38 418.05 Trenton 2.85 11.41 419.252.60 11.33 416.21 Winchester 2.74 11.30 415.202.79 11.52 423.20 North Gower 2.72 11.28 414.472.62 11.35 416.95 Huron FOB 3.05 11.61 426.592.75 11.48 421.73 Kent FOB 2.80 11.36 417.412.60 11.33 416.21 Lambton FOB 2.80 11.36 417.412.60 11.33 416.21 Middlesex FOB2.91 2.98 2.98 N/A 11.47 421.452.68 11.41 419.15 PROCESSORS Hamilton 3.26 3.33 N/A N/A 11.82 434.313.03 11.76 432.01 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. -0.29 8.27 303.76-0.39 8.34 306.33 Bank of Canada Noon exchange rate was 1.3969 up 0.0129 Chicago wheat closed lower. MAR16 HI 4.73 1/2 JUL16 HI 4.86 LOW 4.56 LOW 4.70 1/2 CLOSE 4.58 1/4 Down 11 3/4 CLOSE 4.72 1/4 Down 11 Minni wheat closed moderately lower to lower. MAR16 HI 4.95 SEP16 HI 5.23 1/2 LOW 4.82 1/4 LOW 5.16 CLOSE 4.84 3/4 Down 8 1/2 CLOSE 5.17 3/4 Down 6 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 3.76 1.25 1.25 0.94 CAD $/bu 8.34 5.83 5.83 5.79 CAD $/tonne 306.62 214.37 214.37 212.57 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 N/A N/A N/A 0.85 0.60 N/A London 3.77 0.93 1.06 N/A 1.40 0.84 0.56 N/A Hensall 3.60 N/A 1.25 N/A 1.25 N/A 0.60 N/A Trenton N/A N/A N/A N/A N/A N/A 0.60 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A 1.05 N/A N/A N/A 0.70 N/A Norwich 3.60 N/A 1.25 N/A 1.35 N/A 0.60 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge 3.60 N/A 0.55 N/A 1.35 N/A 0.60 N/A Chatham N/A 0.90 0.55 N/A N/A 0.85 0.60 N/A Brigden N/A N/A 0.55 N/A N/A N/A 0.60 N/A Palmerston N/A N/A N/A N/A N/A 0.85 0.60 0.60 Varna 3.60 1.00 1.30 N/A 1.25 0.85 0.60 N/A Mitchell 3.60 0.90 1.25 N/A 1.25 0.85 0.60 N/A Thornton N/A N/A N/A 0.67 N/A N/A N/A N/A North Gower N/A 1.15 1.15 0.82 N/A 1.18 0.78 1.07 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 4.60N/A 2.16N/A 2.91N/A 1.86N/A Toledo El. 4.75US 6.63CA 4.69US 6.54CA GFO Contract Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.72 1.44 0.89 1.21 CAD $/bu 6.45 6.17 5.61 6.38 CAD $/tonne 236.85 226.61 206.11 234.55 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 270.00 Bayport Oats 265.00 Bayport Barley 270.00 FOB Hm Soymeal 451.29 DDG's FOB Srn & Aylm 230.00