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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, September 28

28 Sep 2018
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, September 28 Exchange rate was 1.2915 down 0.0097 Chicago soybeans closed slightly lower. NOV18 HI 8.59 1/4 NOV19 HI 9.24 3/4 LOW 8.42 LOW 9.08 3/4 CLOSE8.45 1/2 Down 9 1/2 CLOSE 9.12 Down 8 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+JAN1+JAN19 CK Low 2.60 11.06 406.201.85 10.97 403.08 CK High 2.65 11.11 408.042.00 11.12 408.59 CK Average 2.61 0.11 11.06 406.511.90 -0.5611.02 404.73 Essex Cty 2.45 10.91 400.691.90 11.02 404.92 Mdsx Low 2.60 11.06 406.201.85 10.97 403.08 Mdsx High 2.63 11.09 407.301.90 11.02 404.92 Mdsx Average 2.62 0.12 11.07 406.751.88 -0.5711.00 404.00 Hensall 2.60 11.06 406.201.85 10.97 403.08 Bruce 2.60 11.06 406.201.85 10.97 403.08 Putnam 2.55 11.01 404.361.85 10.97 403.08 Burford 2.65 11.11 408.041.92 11.04 405.65 Port Perry 2.60 11.06 406.201.87 10.99 403.81 Norfolk 2.60 11.06 406.201.85 10.97 403.08 Palmerston 2.65 11.11 408.041.95 11.07 406.75 Varna 2.60 11.06 406.201.85 10.97 403.08 Trenton 2.60 11.06 406.201.85 10.97 403.08 Winchester 2.75 11.21 411.712.01 11.13 408.96 North Gower 2.70 11.16 409.882.00 11.12 408.59 Huron FOB 2.65 11.11 408.041.95 11.07 406.75 Kent FOB 2.60 11.06 406.201.85 10.97 403.08 Lambton FOB 2.75 11.21 411.712.00 11.12 408.59 Middlesex FOB2.73 2.86 2.78 2.32 11.19 410.982.01 11.13 408.96 PROCESSORS Windsor 2.67 11.13 408.77 N/A TRANSFER Hamilton 2.90 11.36 417.222.20 11.32 415.94 Prescott 2.90 11.36 417.222.40 11.52 423.29 Toledo El. -0.71 7.74 284.57-0.39 8.73 320.92 Exchange rate was 1.2915 down 0.0097 Chicago wheat closed slightly lower. DEC18 HI 5.18 JUL19 HI 5.47 3/4 LOW 5.05 1/2 LOW 5.37 3/4 CLOSE 5.09 Down 4 CLOSE 5.40 3/4 Down 1 1/2 Minni wheat closed slightly to moderately lower. DEC18 HI 5.84 1/2 SEP19 HI 6.16 1/4 LOW 5.72 LOW 6.08 1/2 CLOSE 5.72 1/2 Down 7 1/2 CLOSE 6.08 1/2 Down 3 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.03 1.23 1.03 0.51 CAD $/bu 6.12 6.32 6.12 6.23 CAD $/tonne 224.93 232.05 224.93 228.97 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 0.90 N/A London 0.94 1.17 0.84 N/A 1.15 1.22 0.93 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 0.55 1.15 1.30 0.95 0.65 Essex N/A N/A N/A N/A N/A N/A 0.95 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 0.90 N/A Brigden N/A N/A 0.80 N/A N/A N/A 0.90 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 0.32 N/A N/A N/A N/A North Gower N/A 1.15 0.90 0.45 N/A 1.11 1.11 0.35 W O Feed 1.43 PROCESSORS Toledo FM N/A N/A 1.42 N/A N/A N/A 1.68 N/A Toledo El. 4.99US 6.44CA 5.26US 6.76CA GFO Contract Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.10 1.16 1.10 0.39 CAD $/bu 6.51 6.57 6.51 6.48 CAD $/tonne 239.06 241.42 239.06 237.99 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 489.43 DDG's FOB Srn & Aylm 205.00 - 220.00