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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, March 2

2 Mar 2018
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, March 2 Exchange rate was 1.2906 up 0.0059 Chicago soybeans closed mixed. MAY18 HI 10.82 1/2 NOV18 HI 10.42 3/4 LOW 10.63 3/4 LOW 10.33 CLOSE10.71 Up 3 CLOSE 10.37 1/4 Down 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL18 CK Low 2.15 12.86 472.522.15 12.52 460.12 CK High 2.20 12.91 474.362.25 12.62 463.80 CK Average 2.19 -0.7212.90 473.872.20 -0.6112.57 461.96 Essex Cty 2.25 12.96 476.202.15 12.52 460.12 Mdsx Low 2.15 12.86 472.522.15 12.52 460.12 Mdsx High 2.20 12.91 474.362.25 12.62 463.80 Mdsx Average 2.18 -0.7312.89 473.442.20 -0.6112.57 461.96 Hensall 2.20 12.91 474.362.25 12.62 463.80 Bruce 2.20 12.91 474.362.25 12.62 463.80 Putnam 2.20 12.91 474.362.25 12.62 463.80 Burford 2.32 13.03 478.772.22 12.59 462.70 Port Perry 2.15 12.86 472.522.15 12.52 460.12 Norfolk 2.17 12.88 473.262.25 12.62 463.80 Palmerston 2.25 12.96 476.202.20 12.57 461.96 Varna 2.20 12.91 474.362.25 12.62 463.80 Trenton 2.20 12.91 474.362.20 12.57 461.96 Winchester 2.30 13.01 478.042.10 12.47 458.29 North Gower 2.08 12.79 469.952.15 12.52 460.12 Huron FOB 2.30 13.01 478.042.35 12.72 467.47 Kent FOB 2.37 13.08 480.612.20 12.57 461.96 Lambton FOB 2.40 13.11 481.712.30 12.67 465.63 Middlesex FOB2.32 2.45 2.49 2.49 13.03 478.772.29 12.66 465.27 TRANSFER Hamilton N/A 2.70 13.07 480.33 Prescott 2.50 13.21 485.382.60 12.97 476.66 Toledo El. -0.31 10.40 382.14-0.39 9.99 366.92 Exchange rate was 1.2906 up 0.0059 Chicago wheat closed lower. MAY18 HI 5.18 1/2 JUL18 HI 5.31 3/4 LOW 4.93 1/4 LOW 5.07 1/2 CLOSE 5.00 Down 15 1/2 CLOSE 5.14 1/2 Down 14 Minni wheat closed lower. MAY18 HI 6.34 SEP18 HI 6.46 LOW 6.16 1/4 LOW 6.32 CLOSE 6.20 1/4 Down 14 1/2 CLOSE 6.34 1/4 Down 12 1/4 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.39 1.32 1.26 0.45 CAD $/bu 6.39 6.32 6.26 6.65 CAD $/tonne 234.73 232.36 229.99 244.33 Direct MarkHarvest 2017 Harvest 2018 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 0.85 N/A N/A N/A 0.90 N/A London 1.13 1.39 0.94 N/A 1.35 1.10 0.97 N/A Hensall 1.00 N/A 0.85 N/A 1.05 N/A 0.90 N/A Trenton N/A N/A N/A N/A N/A N/A 1.00 N/A Bruce 1.00 1.00 0.85 0.15 1.05 0.90 0.90 0.35 Essex N/A N/A N/A N/A N/A N/A 0.91 N/A Norwich 1.00 N/A 0.85 N/A 1.05 N/A 0.90 N/A Port Hope N/A N/A 0.85 N/A N/A 0.85 0.90 N/A Kent Bridge 1.00 N/A 0.85 N/A 1.05 N/A 0.90 N/A Chatham N/A N/A 0.90 N/A N/A N/A 0.95 N/A Brigden N/A N/A 0.90 N/A N/A N/A 0.95 N/A Palmerston N/A 0.80 0.90 0.25 N/A 0.75 0.85 0.35 Varna 1.15 1.05 0.90 N/A 1.10 0.95 0.95 N/A Mitchell 1.00 1.00 0.85 N/A 1.05 0.90 0.90 N/A Thornton N/A N/A N/A 1.35 N/A N/A N/A N/A North Gower N/A 1.34 1.27 0.46 N/A 1.37 1.31 0.41 W O Feed 1.37 PROCESSORS Toledo FM N/A N/A 1.58 N/A N/A N/A 1.48 N/A Toledo El. 4.92US 6.35CA 5.10US 6.56CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.35 1.22 1.16 0.41 CAD $/bu 6.50 6.37 6.31 6.75 CAD $/tonne 238.79 234.06 231.69 248.14 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 553.26 DDG's FOB Srn & Aylm 220.00 - 235.00