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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, September 11

17 Feb 2016
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, August 19 Bank of Canada Noon exchange rate was 0.9849 down 0.0052 Chicago soybeans closed slightly higher. NOV11 HI 13.75 NOV11 HI 13.75 LOW 13.48 1/2 LOW 13.48 1/2 CLOSE13.68 1/2 Up 7 1/2 CLOSE 13.68 1/2 Up 7 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV11 CK Low -0.40 13.29 488.14-1.04 12.65 464.62 CK High -0.35 13.34 489.98-0.91 12.78 469.40 CK Average -0.38 -0.2513.30 488.75-0.99-0.8812.70 466.58 Essex Cty -0.44 13.25 486.67-1.00 12.69 466.09 Mdsx Low -0.40 13.29 488.14-1.05 12.64 464.26 Mdsx High -0.35 13.34 489.98-0.95 12.74 467.93 Mdsx Average -0.38 -0.2513.30 488.75-1.00-0.9012.69 466.09 Hensall -0.40 13.29 488.14-0.98 12.71 467.01 Bruce -0.40 13.29 488.14-0.95 12.74 467.93 Putnam -0.40 13.29 488.14-0.95 12.74 467.93 Princeton -0.40 13.29 488.14-0.96 12.73 467.56 Durham -0.31 13.38 491.45-1.00 12.69 466.09 Norfolk -0.32 13.37 491.08-0.89 12.80 470.14 Palmerston -0.40 13.29 488.14-0.85 12.84 471.61 Varna -0.45 13.24 486.30-0.85 12.84 471.61 Trenton N/A -1.05 12.64 464.26 Winchester -0.56 13.13 482.26-1.01 12.68 465.73 North Gower -0.40 13.29 488.14-0.85 12.84 471.61 Huron FOB -0.25 13.44 493.65-0.85 12.84 471.61 Kent FOB -0.35 13.34 489.98-0.94 12.75 468.30 Lambton FOB -0.35 13.34 489.98-0.94 12.75 468.30 Middlesex FOB-0.14 N/A N/A N/A 13.55 497.69-0.81 12.88 473.08 PROCESSORS Hamilton 0.22 0.22 N/A N/A 13.91 510.92-0.55 13.14 482.63 Windsor 0.07 0.07 N/A N/A 13.76 505.41-0.66 13.03 478.59 Winchester -0.40 13.29 488.14-0.70 12.99 477.12 TRANSFER Hamilton 0.25 N/A N/A N/A 13.94 512.02-0.45 13.24 486.30 Pt. Stanley -0.20 13.49 495.49-0.90 12.79 469.77 Sarnia -0.57 13.12 481.89-0.70 12.99 477.12 Owen Sound N/A N/A Sorel QC -0.45 13.24 486.30-0.45 13.24 486.30 Toledo El. -0.18 13.51 496.29-0.36 13.33 489.71 Bank of Canada Noon exchange rate was 0.9849 down 0.0052 Chicago wheat closed moderately higher to higher. SEP11 HI 7.33 1/2 JUL12 HI 8.06 1/2 LOW 7.01 LOW 7.78 1/4 CLOSE 7.30 3/4 Up 23 CLOSE 8.05 1/4 Up 19 3/4 Minni wheat closed higher. SEP11 HI 9.47 3/4 SEP12 HI 8.87 1/2 LOW 9.05 1/2 LOW 8.63 CLOSE 9.45 1/4 Up 34 1/2 CLOSE 8.87 Up 24 GFO Cash Wheat Prices - DEL Terminal Current Crop 11 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.32 0.47 -0.42 -0.14 CAD $/bu 6.99 7.78 6.89 9.31 CAD $/tonne 256.73 285.83 253.09 342.03 Direct MarkHarvest 2011 Harvest 2012 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 0.10 -0.65 N/A N/A -0.60 -1.30 N/A London -0.43 0.26 -0.63 N/A N/A -0.44 -1.28 N/A Hensall -0.50 N/A -0.55 N/A -0.50 N/A -1.30 N/A Trenton N/A N/A -0.70 N/A N/A N/A -1.30 N/A Winchester N/A N/A N/A -0.80 N/A N/A N/A N/A Essex N/A N/A -0.65 N/A N/A N/A -1.32 N/A Norwich -0.40 N/A -0.65 N/A -0.50 N/A -1.30 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge -0.50 N/A -0.65 N/A -0.50 N/A -1.30 N/A Chatham N/A 0.20 -0.57 N/A N/A -0.55 -1.27 N/A Brigden N/A 0.20 -0.57 N/A N/A -0.55 -1.27 N/A Palmerston N/A 0.35 -0.49 -0.22 N/A -0.31 -1.09 -0.40 Varna -0.40 0.25 -0.55 N/A -0.50 -0.30 -1.30 N/A Mitchell -0.50 0.10 -0.55 N/A -0.50 -0.35 -1.15 N/A Thornton N/A N/A N/A -1.39 N/A N/A N/A N/A North Gower N/A N/A N/A -0.40 N/A N/A N/A N/A TERMINAL Sarnia -0.44 0.40 -0.44 N/A -0.36 -0.21 -0.96 N/A Hamilton N/A N/A -0.40 N/A N/A N/A -0.70 N/A Pt. Stanley N/A N/A -0.85 N/A N/A N/A -1.15 N/A PROCESSORS Toledo FM N/A 0.92 0.12N/A 0.44N/A -0.26N/A Toledo El. 7.43US 7.35CA 7.77US 7.71CA GFO Contract Wheat Prices - DEL Terminal Harvest 12 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis -0.46 0.14 -0.85 -0.46 CAD $/bu 7.60 8.19 7.20 8.41 CAD $/tonne 279.09 300.97 264.50 308.90 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 275.00 - 285.00 Bayport Oats 310.00 Bayport Barley 270.00 FOB Hm Soymeal 424.51 - 425.61 DDG's FOB Srn, Wndr, Aylm 210.00 - 228.00