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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, August 30

30 Aug 2016
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, August 30 Bank of Canada Noon exchange rate was 1.3076 up 0.0057 Chicago soybeans closed slightly to moderately lower. NOV16 HI 9.68 1/2 NOV16 HI 9.68 1/2 LOW 9.46 1/2 LOW 9.46 1/2 CLOSE9.50 3/4 Down 13 1/2 CLOSE 9.50 3/4 Down 13 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV16 CK Low 2.92 12.43 456.632.50 12.01 441.20 CK High 3.05 12.56 461.412.55 12.06 443.04 CK Average 2.97 0.03 12.48 458.472.52 -0.3012.03 441.87 Essex Cty 2.95 12.46 457.732.55 12.06 443.04 Mdsx Low 2.90 12.41 455.902.49 12.00 440.83 Mdsx High 3.00 12.51 459.572.50 12.01 441.20 Mdsx Average 2.95 0.01 12.46 457.732.50 -0.3212.00 441.02 Hensall 2.98 12.48 458.652.53 12.03 442.12 Bruce 3.00 12.51 459.572.50 12.01 441.20 Putnam 3.00 12.51 459.572.55 12.06 443.04 Burford 2.93 12.44 457.002.52 12.03 441.93 Port Perry 2.90 12.41 455.902.49 12.00 440.83 Norfolk 2.95 12.46 457.732.55 12.06 443.04 Palmerston 2.95 12.46 457.732.55 12.06 443.04 Varna 2.95 12.46 457.732.55 12.06 443.04 Trenton N/A 2.65 12.16 446.71 Winchester N/A 2.41 11.92 437.89 North Gower N/A 2.39 11.90 437.16 Huron FOB 3.05 12.56 461.412.65 12.16 446.71 Kent FOB 3.10 12.61 463.252.60 12.11 444.87 Lambton FOB 3.20 12.71 466.922.55 12.06 443.04 Middlesex FOB2.94 N/A N/A 2.66 12.45 457.372.59 12.10 444.51 PROCESSORS Hamilton 3.26 3.26 2.95 3.00 12.77 469.132.95 12.46 457.73 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 2.87 12.38 454.803.00 12.51 459.57 Toledo El. 0.00 9.51 349.34-0.42 9.09 333.98 Bank of Canada Noon exchange rate was 1.3076 up 0.0057 Chicago wheat closed slightly to moderately lower. DEC16 HI 4.00 3/4 JUL17 HI 4.46 3/4 LOW 3.91 1/2 LOW 4.38 CLOSE 3.92 1/4 Down 4 3/4 CLOSE 4.38 1/4 Down 6 1/2 Minni wheat closed slightly higher. DEC16 HI 4.90 SEP17 HI 5.30 LOW 4.84 1/2 LOW 5.25 3/4 CLOSE 4.85 3/4 Up 1 1/2 CLOSE 5.27 1/4 Up 1 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.49 0.42 0.56 0.19 CAD $/bu 4.41 4.35 4.48 5.05 CAD $/tonne 162.13 159.73 164.54 185.45 Direct MarkHarvest 2016 Harvest 2017 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 0.10 N/A N/A N/A 0.40 N/A London -0.01 0.01 0.01 N/A 0.43 0.30 0.37 N/A Hensall 0.10 N/A 0.10 N/A 0.50 N/A 0.40 N/A Trenton N/A N/A 0.30 N/A N/A N/A 0.45 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A 0.15 N/A N/A N/A 0.42 N/A Norwich 0.10 N/A 0.10 N/A 0.50 N/A 0.40 N/A Port Hope N/A 0.20 0.15 0.55 N/A 0.35 0.40 N/A Kent Bridge 0.10 N/A 0.10 N/A 0.50 N/A 0.40 N/A Chatham N/A 0.05 0.10 N/A N/A N/A 0.40 N/A Brigden N/A N/A 0.10 N/A N/A N/A 0.40 N/A Palmerston N/A 0.30 0.15 0.30 N/A 0.40 0.45 0.50 Varna 0.20 0.10 0.15 N/A 0.50 0.40 0.40 N/A Mitchell 0.10 0.10 0.10 N/A 0.50 0.35 0.40 N/A Thornton N/A N/A N/A -0.17 N/A N/A N/A N/A North Gower N/A 0.17 0.50 -0.01 N/A N/A N/A N/A TERMINAL Prescott N/A 0.40 0.60 0.40 N/A 0.60 0.60 0.45 PROCESSORS Toledo FM N/A N/A 1.21 N/A N/A N/A 1.34 N/A Toledo El. 3.56US 4.66CA 4.18US 5.46CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.69 0.62 0.36 CAD $/bu 5.07 5.01 4.74 CAD $/tonne 186.31 183.91 174.31 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 489.21 DDG's FOB Srn & Aylm 170.00 - 175.00