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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, September 6

6 Sep 2016
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, September 6 Bank of Canada Noon exchange rate was 1.2843 down 0.0156 Chicago soybeans closed slightly higher. NOV16 HI 9.64 NOV16 HI 9.64 LOW 9.46 1/2 LOW 9.46 1/2 CLOSE9.59 3/4 Up 7 1/4 CLOSE 9.59 3/4 Up 7 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+NOV1+JAN17 CK Low 2.35 11.95 439.002.35 11.95 439.00 CK High 2.95 12.55 461.042.55 12.15 446.34 CK Average 2.58 -0.1112.17 447.262.43 -0.2312.02 441.75 Essex Cty 2.95 12.55 461.042.55 12.15 446.34 Mdsx Low 2.50 12.10 444.512.33 11.93 438.26 Mdsx High 2.50 12.10 444.512.35 11.95 439.00 Mdsx Average 2.50 -0.1712.10 444.512.34 -0.2911.94 438.63 Hensall 2.58 12.17 447.262.43 12.02 441.75 Bruce 2.50 12.10 444.512.35 11.95 439.00 Putnam N/A 2.55 12.15 446.34 Burford N/A 2.30 11.90 437.16 Port Perry N/A 2.33 11.93 438.26 Norfolk 2.40 12.00 440.832.40 12.00 440.83 Palmerston 2.95 12.55 461.042.55 12.15 446.34 Varna 2.75 12.35 453.692.55 12.15 446.34 Trenton N/A 2.55 12.15 446.34 Winchester N/A 2.45 12.05 442.67 North Gower N/A 2.43 12.03 441.93 Huron FOB 2.75 12.35 453.692.60 12.20 448.18 Kent FOB N/A 2.45 12.05 442.67 Lambton FOB N/A 2.50 12.10 444.51 Middlesex FOB2.65 2.45 N/A N/A 12.25 450.022.57 12.17 447.08 PROCESSORS Hamilton 2.92 2.73 2.85 N/A 12.52 459.942.73 12.33 452.96 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 2.92 12.52 459.943.05 12.65 464.72 Toledo El. 0.00 9.60 352.65-0.41 9.19 337.56 Bank of Canada Noon exchange rate was 1.2843 down 0.0156 Chicago wheat closed slightly lower. DEC16 HI 4.02 3/4 JUL17 HI 4.47 1/2 LOW 3.94 3/4 LOW 4.40 CLOSE 3.98 1/2 Down 3/4 CLOSE 4.43 1/2 Down 2 3/4 Minni wheat closed slightly lower. DEC16 HI 4.93 3/4 SEP17 HI 5.30 LOW 4.84 3/4 LOW 5.25 CLOSE 4.86 Down 5 1/2 CLOSE 5.26 1/4 Down 4 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.42 0.36 0.49 0.09 CAD $/bu 4.41 4.35 4.47 4.95 CAD $/tonne 162.01 159.65 164.37 182.06 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 N/A 0.10 N/A N/A N/A 0.40 N/A London 0.04 0.04 0.04 N/A 0.37 0.24 0.30 N/A Hensall 0.10 N/A 0.10 N/A 0.50 N/A 0.40 N/A Trenton N/A N/A 0.20 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 0.41 N/A Norwich 0.10 N/A 0.10 N/A 0.50 N/A 0.40 N/A Port Hope N/A 0.10 0.20 N/A 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 0.10 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 0.16 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 0.21 N/A N/A N/A N/A North Gower N/A 0.32 0.44 0.07 N/A N/A N/A N/A TERMINAL Prescott N/A 0.40 0.60 0.39 N/A 0.60 0.60 0.45 PROCESSORS Toledo FM N/A N/A 1.13 N/A N/A N/A 1.26 N/A Toledo El. 3.67US 4.70CA 4.24US 5.43CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.61 0.55 0.29 CAD $/bu 5.05 4.99 4.73 CAD $/tonne 185.53 183.18 173.75 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 488.66 DDG's FOB Srn & Aylm 170.00 - 175.00