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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, June 22

22 Jun 2018
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, June 22 Exchange rate was 1.3263 down 0.0018 Chicago soybeans closed slightly to moderately higher. JUL18 HI 8.97 1/2 NOV18 HI 9.19 LOW 8.78 3/4 LOW 9.00 CLOSE8.94 1/2 Up 14 CLOSE 9.16 1/4 Up 14 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+AUG1+NOV18 CK Low 2.50 11.45 420.532.50 11.66 428.52 CK High 2.60 11.55 424.212.60 11.76 432.20 CK Average 2.58 -0.2511.53 423.532.56 -0.3211.72 430.79 Essex Cty 2.50 11.45 420.532.45 11.61 426.69 Mdsx Low 2.59 11.54 423.842.57 11.73 431.10 Mdsx High 2.60 11.55 424.212.70 11.86 435.87 Mdsx Average 2.60 -0.2411.54 424.022.64 -0.2711.80 433.48 Hensall 2.60 11.55 424.212.70 11.86 435.87 Bruce 2.60 11.55 424.212.70 11.86 435.87 Putnam 2.45 11.40 418.692.40 11.56 424.85 Burford 2.66 11.61 426.412.64 11.80 433.67 Port Perry 2.56 11.51 422.742.54 11.70 429.99 Norfolk 2.60 11.55 424.212.70 11.86 435.87 Palmerston 2.55 11.50 422.372.55 11.71 430.36 Varna 2.55 11.50 422.372.70 11.86 435.87 Trenton 2.55 11.50 422.372.60 11.76 432.20 Winchester 2.35 11.30 415.022.40 11.56 424.85 North Gower 2.30 11.25 413.182.35 11.51 423.01 Huron FOB 2.70 11.65 427.882.80 11.96 439.55 Kent FOB 2.65 11.60 426.042.60 11.76 432.20 Lambton FOB 2.65 11.60 426.042.60 11.76 432.20 Middlesex FOB2.76 2.83 2.77 N/A 11.71 430.092.74 11.90 437.34 PROCESSORS Windsor 3.00 11.95 438.902.74 11.90 437.34 TRANSFER Hamilton N/A 3.00 12.16 446.90 Prescott 2.34 11.29 414.652.93 12.09 444.32 Toledo El. -0.20 8.75 321.36-0.40 8.76 322.04 Exchange rate was 1.3263 down 0.0018 Chicago wheat closed slightly lower. JUL18 HI 4.97 1/2 JUL18 HI 4.97 1/2 LOW 4.87 LOW 4.87 CLOSE 4.91 1/4 Down 4 CLOSE 4.91 1/4 Down 4 Minni wheat closed slightly lower. JUL18 HI 5.55 SEP18 HI 5.67 3/4 LOW 5.47 3/4 LOW 5.60 CLOSE 5.49 Down 3 3/4 CLOSE 5.61 Down 3 3/4 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.50 1.43 1.23 0.33 CAD $/bu 6.41 6.34 6.14 5.82 CAD $/tonne 235.50 233.06 225.75 213.93 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 1.10 N/A N/A N/A 1.15 N/A London 1.16 1.49 1.16 N/A 1.29 1.29 1.16 N/A Hensall 1.15 N/A 1.10 N/A 1.20 N/A 1.15 N/A Trenton N/A N/A N/A N/A N/A N/A 1.15 N/A Bruce 1.15 1.15 1.10 N/A 1.20 1.30 1.15 0.55 Essex N/A N/A 0.95 N/A N/A N/A 1.11 N/A Norwich 1.15 N/A 1.10 N/A 1.20 N/A 1.15 N/A Port Hope N/A N/A 1.10 N/A N/A 1.15 1.15 N/A Kent Bridge 1.15 N/A 1.10 N/A 1.20 N/A 1.15 N/A Chatham N/A N/A 1.05 N/A N/A N/A 1.10 N/A Brigden N/A N/A 1.05 N/A N/A N/A 1.10 N/A Palmerston N/A 1.00 1.00 0.35 N/A 1.10 1.05 0.55 Varna 1.35 1.25 1.05 N/A 1.30 1.30 1.10 N/A Mitchell 1.15 1.15 1.10 N/A 1.20 1.30 1.15 N/A Thornton N/A N/A N/A 0.71 N/A N/A N/A N/A North Gower N/A 1.26 1.06 0.15 N/A 1.54 1.40 0.29 W O Feed 1.58 PROCESSORS Toledo FM N/A N/A 1.87 N/A N/A N/A 1.87 N/A Toledo El. 5.01US 6.65CA 5.01US 6.65CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.47 1.54 1.44 0.37 CAD $/bu 6.38 6.45 6.36 5.98 CAD $/tonne 234.52 236.96 233.55 219.78 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 519.31 DDG's FOB Srn & Aylm 250.00