FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, November 29
29 Nov 2016
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, November 29 Bank of Canada Noon exchange rate was 1.3435 up 0.0034 Chicago soybeans closed slightly to moderately lower. JAN17 HI 10.58 3/4 NOV17 HI 10.34 LOW 10.39 1/4 LOW 10.23 1/4 CLOSE10.42 1/2 Down 13 1/2 CLOSE 10.25 1/2 Down 8 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR17 CK Low 2.65 13.08 480.422.70 12.96 476.01 CK High 2.75 13.18 484.102.80 13.06 479.69 CK Average 2.71 -0.6413.13 482.572.74 -0.5613.00 477.55 Essex Cty 2.65 13.08 480.422.70 12.96 476.01 Mdsx Low 2.70 13.13 482.262.68 12.94 475.28 Mdsx High 2.70 13.13 482.262.75 13.01 477.85 Mdsx Average 2.70 -0.6413.13 482.262.72 -0.5812.97 476.57 Hensall 2.73 13.15 483.182.78 13.03 478.77 Bruce 2.70 13.13 482.262.75 13.01 477.85 Putnam 2.70 13.13 482.262.75 13.01 477.85 Burford 2.77 13.20 484.832.75 13.01 477.85 Port Perry 2.67 13.10 481.162.65 12.91 474.18 Norfolk 2.85 13.28 487.772.80 13.06 479.69 Palmerston 2.65 13.08 480.422.70 12.96 476.01 Varna 2.75 13.18 484.102.80 13.06 479.69 Trenton 2.70 13.13 482.262.75 13.01 477.85 Winchester 2.80 13.23 485.942.80 13.06 479.69 North Gower 2.79 13.22 485.572.79 13.05 479.32 Huron FOB 2.85 13.28 487.772.90 13.16 483.36 Kent FOB 2.85 13.28 487.772.75 13.01 477.85 Lambton FOB 2.70 13.13 482.262.95 13.21 485.20 Middlesex FOB N/A 2.96 3.00 3.00 2.85 13.11 481.53 PROCESSORS Hamilton 3.35 3.35 3.40 N/A 13.78 506.143.23 13.49 495.49 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott N/A 3.12 13.38 491.45 Toledo El. -0.63 9.79 359.88-0.46 9.80 360.05 Bank of Canada Noon exchange rate was 1.3435 up 0.0034 Chicago wheat closed slightly to moderately lower. DEC16 HI 3.89 JUL17 HI 4.45 3/4 LOW 3.82 3/4 LOW 4.37 CLOSE 3.84 Down 5 1/2 CLOSE 4.37 3/4 Down 8 1/4 Minni wheat closed slightly to moderately lower. DEC16 HI 5.50 1/4 SEP17 HI 5.52 1/2 LOW 5.28 1/4 LOW 5.45 3/4 CLOSE 5.34 1/4 Down 7 CLOSE 5.46 3/4 Down 1 1/4 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.57 0.51 0.57 0.48 CAD $/bu 4.41 4.35 4.41 5.83 CAD $/tonne 162.21 159.74 162.21 214.10 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 0.70 N/A N/A 0.60 0.60 N/A London 0.54 0.50 0.54 N/A 0.67 0.53 0.60 N/A Hensall 0.70 N/A 0.70 N/A 0.70 N/A 0.60 N/A Trenton N/A N/A N/A N/A N/A N/A 0.70 N/A Bruce 0.60 0.45 0.60 0.55 0.70 0.55 0.60 0.55 Essex N/A N/A 0.51 N/A N/A N/A 0.55 N/A Norwich 0.70 N/A 0.70 N/A 0.70 N/A 0.60 N/A Port Hope N/A 0.75 0.75 N/A N/A 0.55 0.60 N/A Kent Bridge 0.70 N/A 0.70 N/A 0.70 N/A 0.60 N/A Chatham N/A N/A 0.70 N/A N/A N/A 0.60 N/A Brigden N/A N/A 0.70 N/A N/A N/A 0.60 N/A Palmerston N/A 0.45 0.60 0.55 N/A 0.55 0.60 0.55 Varna 0.70 0.70 0.70 N/A 0.65 0.60 0.60 N/A Mitchell 0.70 0.70 0.70 N/A 0.70 0.55 0.60 N/A Thornton N/A N/A N/A -0.15 N/A N/A N/A N/A North Gower N/A 0.68 0.74 0.36 N/A 0.82 0.82 0.55 W O Feed 1.65 TERMINAL Prescott N/A N/A 0.68 0.73 N/A 0.60 0.97 0.86 PROCESSORS Toledo FM N/A N/A 1.45 N/A N/A N/A 1.49 N/A Toledo El. 3.74US 5.02CA 4.18US 5.60CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.82 0.76 0.76 0.66 CAD $/bu 5.20 5.13 5.13 6.13 CAD $/tonne 191.09 188.62 188.62 225.09 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 501.78 DDG's FOB Srn & Aylm 150.00 - 155.00