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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, September 4

4 Sep 2018
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, September 4 Exchange rate was 1.3151 up 0.0127 Chicago soybeans closed narrowly mixed. NOV18 HI 8.51 1/2 NOV18 HI 8.51 1/2 LOW 8.36 3/4 LOW 8.36 3/4 CLOSE8.44 1/4 Up 3/4 CLOSE 8.44 1/4 Up 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+NOV1+JAN19 CK Low 2.40 10.84 398.392.60 11.04 405.74 CK High 2.50 10.94 402.072.68 11.12 408.68 CK Average 2.47 -0.1510.91 400.842.65 0.01 11.09 407.46 Essex Cty 2.50 10.94 402.072.65 11.09 407.58 Mdsx Low 2.50 10.94 402.072.65 11.09 407.58 Mdsx High 2.53 10.97 403.172.71 11.15 409.78 Mdsx Average 2.52 -0.1110.96 402.622.68 0.04 11.12 408.68 Hensall 2.50 10.94 402.072.60 11.04 405.74 Bruce 2.40 10.84 398.392.55 10.99 403.91 Putnam 2.40 10.84 398.392.55 10.99 403.91 Burford 2.57 11.01 404.642.75 11.19 411.25 Port Perry 2.50 10.94 402.072.68 11.12 408.68 Norfolk 2.50 10.94 402.072.65 11.09 407.58 Palmerston 2.40 10.84 398.392.60 11.04 405.74 Varna N/A 2.55 10.99 403.91 Trenton N/A 2.60 11.04 405.74 Winchester N/A 2.70 11.14 409.42 North Gower N/A 2.70 11.14 409.42 Huron FOB 2.60 11.04 405.742.55 10.99 403.91 Kent FOB 2.55 10.99 403.912.65 11.09 407.58 Lambton FOB N/A 2.70 11.14 409.42 Middlesex FOB2.77 2.82 2.88 2.86 11.21 411.992.82 11.26 413.83 PROCESSORS Windsor 3.08 11.52 423.383.01 11.45 420.81 TRANSFER Hamilton N/A 2.85 11.29 414.93 Prescott 2.09 10.53 387.002.88 11.32 416.03 Toledo El. -0.66 7.78 286.05-0.66 7.79 286.12 Exchange rate was 1.3151 up 0.0127 Chicago wheat closed slightly lower to lower. DEC18 HI 5.42 1/2 JUL19 HI 5.68 1/2 LOW 5.19 1/2 LOW 5.51 1/4 CLOSE 5.31 1/2 Down 14 CLOSE 5.62 Down 8 1/4 Minni wheat closed moderately lower to lower. DEC18 HI 5.95 3/4 SEP19 HI 6.25 LOW 5.77 1/2 LOW 6.15 1/4 CLOSE 5.84 3/4 Down 14 CLOSE 6.19 1/4 Down 6 3/4 GFO Cash Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.21 1.41 1.21 0.66 CAD $/bu 6.53 6.73 6.53 6.51 CAD $/tonne 239.92 247.16 239.92 239.07 Direct MarkHarvest 2018 Harvest 2019 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 0.80 N/A N/A N/A 0.95 N/A London 0.96 1.02 0.82 N/A 1.30 1.30 0.97 N/A Hensall 0.90 N/A 0.80 N/A 1.15 N/A 0.95 N/A Trenton N/A N/A N/A N/A N/A N/A 0.90 N/A Bruce 0.85 1.20 0.80 0.40 1.15 1.30 0.95 0.65 Essex N/A N/A 0.81 N/A N/A N/A 0.97 N/A Norwich 0.90 N/A 0.80 N/A 1.15 N/A 0.95 N/A Port Hope N/A 1.00 0.80 N/A N/A 1.20 0.95 N/A Kent Bridge 0.90 N/A 0.80 N/A 1.15 N/A 0.95 N/A Chatham N/A N/A 0.80 N/A N/A N/A 1.00 N/A Brigden N/A N/A 0.80 N/A N/A N/A 1.00 N/A Palmerston N/A 1.15 0.95 0.55 N/A 1.10 1.05 N/A Varna 1.00 1.20 0.80 N/A 1.15 1.30 0.95 N/A Mitchell 0.90 1.05 0.80 N/A 1.15 1.25 0.95 N/A Thornton N/A N/A N/A 0.30 N/A N/A N/A N/A North Gower N/A 0.95 0.80 0.40 N/A 1.13 1.08 0.42 W O Feed 1.50 PROCESSORS Toledo FM N/A N/A 1.61 N/A N/A N/A 1.88 N/A Toledo El. 5.17US 6.79CA 5.47US 7.17CA GFO Contract Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.29 1.36 1.29 0.55 CAD $/bu 6.91 6.98 6.91 6.74 CAD $/tonne 253.94 256.35 253.94 247.79 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 485.36 DDG's FOB Srn & Aylm 215.00 - 220.00