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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, March 6

6 Mar 2017
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, March 6 Bank of Canada Noon exchange rate was 1.341 down 0.0009 Chicago soybeans closed narrowly mixed. MAY17 HI 10.48 1/2 NOV17 HI 10.29 3/4 LOW 10.35 3/4 LOW 10.20 1/2 CLOSE10.37 1/4 Down 1/4 CLOSE 10.21 3/4 Down 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL17 CK Low 2.70 13.07 480.332.60 12.82 470.96 CK High 2.75 13.12 482.172.70 12.92 474.64 CK Average 2.71 -0.6213.08 480.642.65 -0.6112.87 472.74 Essex Cty 2.70 13.07 480.332.70 12.92 474.64 Mdsx Low 2.70 13.07 480.332.62 12.84 471.70 Mdsx High 2.75 13.12 482.172.65 12.87 472.80 Mdsx Average 2.73 -0.6013.10 481.252.64 -0.6212.85 472.25 Hensall 2.75 13.12 482.172.68 12.89 473.72 Bruce 2.75 13.12 482.172.65 12.87 472.80 Putnam 2.75 13.12 482.172.65 12.87 472.80 Burford 2.79 13.16 483.642.71 12.93 475.00 Port Perry 2.70 13.07 480.332.62 12.84 471.70 Norfolk 2.80 13.17 484.012.80 13.02 478.31 Palmerston 2.75 13.12 482.172.70 12.92 474.64 Varna 2.75 13.12 482.172.70 12.92 474.64 Trenton 2.75 13.12 482.172.65 12.87 472.80 Winchester 2.85 13.22 485.842.89 13.11 481.62 North Gower 2.63 13.00 477.762.75 12.97 476.47 Huron FOB 2.85 13.22 485.842.80 13.02 478.31 Kent FOB 2.85 13.22 485.842.65 12.87 472.80 Lambton FOB 2.85 13.22 485.842.85 13.07 480.15 Middlesex FOB2.89 2.95 3.00 N/A 13.26 487.312.80 13.02 478.31 PROCESSORS Hamilton 3.30 3.35 3.40 N/A 13.67 502.383.20 13.42 493.01 N/A N/A N/A TRANSFER Prescott 2.98 13.35 490.623.11 13.33 489.70 Sarnia 2.78 13.15 483.273.04 13.26 487.13 Toledo El. -0.48 9.89 363.39-0.52 9.70 356.23 Bank of Canada Noon exchange rate was 1.341 down 0.0009 Chicago wheat closed slightly higher. MAY17 HI 4.62 1/2 JUL17 HI 4.76 3/4 LOW 4.56 1/4 LOW 4.70 1/2 CLOSE 4.58 1/2 Up 5 CLOSE 4.73 Up 4 3/4 Minni wheat closed slightly lower. MAY17 HI 5.51 3/4 SEP17 HI 5.65 1/2 LOW 5.42 LOW 5.57 1/2 CLOSE 5.42 1/4 Down 5 1/2 CLOSE 5.57 3/4 Down 2 3/4 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.83 0.83 0.83 0.37 CAD $/bu 5.41 5.41 5.41 5.80 CAD $/tonne 198.79 198.79 198.79 212.96 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 0.60 N/A N/A N/A 0.60 N/A London 0.80 0.73 0.66 N/A 0.91 0.71 0.71 N/A Hensall 0.70 N/A 0.60 N/A 0.80 N/A 0.60 N/A Trenton N/A N/A N/A N/A N/A N/A 0.85 N/A Bruce 0.70 0.70 0.60 0.40 0.80 0.65 0.60 0.60 Essex N/A N/A 0.66 N/A N/A N/A 0.75 N/A Norwich 0.70 N/A 0.60 N/A 0.80 N/A 0.60 N/A Port Hope N/A N/A 0.65 N/A N/A 0.65 0.70 N/A Kent Bridge 0.70 N/A 0.60 N/A 0.80 N/A 0.60 N/A Chatham N/A N/A 0.65 N/A N/A N/A 0.70 N/A Brigden N/A N/A 0.65 N/A N/A N/A 0.70 N/A Palmerston N/A 0.70 0.55 N/A N/A 0.65 0.60 0.60 Varna 0.75 0.65 0.65 N/A 1.00 0.70 0.70 N/A Mitchell 0.70 0.60 0.60 N/A 0.80 0.60 0.60 N/A Thornton N/A N/A N/A 0.63 N/A N/A N/A N/A North Gower N/A 0.70 0.70 0.18 N/A 1.22 1.22 0.72 W O Feed 1.42 TERMINAL Sarnia N/A N/A 0.96 N/A N/A N/A 1.05 N/A Prescott N/A N/A N/A N/A N/A N/A 1.11 N/A PROCESSORS Toledo FM N/A N/A 1.56N/A N/A N/A 1.61N/A Toledo El. 4.34US 5.81CA 4.58US 6.14CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.20 1.20 1.20 0.82 CAD $/bu 5.93 5.93 5.93 6.40 CAD $/tonne 218.05 218.05 218.05 235.15 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 502.33 DDG's FOB Srn & Aylm 160.00 - 165.00