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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, October 29

29 Oct 2018
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, October 29 Exchange rate was 1.3113 up 0.0039 Chicago soybeans closed slightly lower. NOV18 HI 8.52 1/2 NOV19 HI 9.17 LOW 8.37 1/4 LOW 9.03 1/4 CLOSE8.39 Down 6 CLOSE 9.05 1/2 Down 4 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 2.55 10.94 401.981.84 10.90 400.32 CK High 2.80 11.19 411.161.95 11.01 404.36 CK Average 2.65 0.03 11.04 405.471.92 -0.6710.97 403.08 Essex Cty 2.30 10.69 392.792.00 11.06 406.20 Mdsx Low 2.66 11.05 406.021.93 10.99 403.63 Mdsx High 2.70 11.09 407.491.95 11.01 404.36 Mdsx Average 2.68 0.05 11.07 406.751.94 -0.6511.00 404.00 Hensall 2.75 11.14 409.321.93 10.98 403.45 Bruce 2.75 11.14 409.321.95 11.01 404.36 Putnam 2.80 11.19 411.161.95 11.01 404.36 Burford 2.69 11.08 407.121.96 11.02 404.73 Port Perry 2.65 11.04 405.651.92 10.98 403.26 Norfolk 2.70 11.09 407.491.95 11.01 404.36 Palmerston 2.70 11.09 407.491.95 11.01 404.36 Varna 2.70 11.09 407.491.90 10.96 402.53 Trenton 2.85 11.24 413.001.95 11.01 404.36 Winchester 2.98 11.37 417.781.91 10.97 402.89 North Gower 2.80 11.19 411.162.10 11.16 409.88 Huron FOB 2.75 11.14 409.322.00 11.06 406.20 Kent FOB 2.65 11.04 405.651.95 11.01 404.36 Lambton FOB 2.90 11.29 414.841.95 11.01 404.36 Middlesex FOB2.76 2.95 2.69 2.21 11.15 409.692.09 11.15 409.51 PROCESSORS Windsor 2.68 11.07 406.75 N/A TRANSFER Hamilton 2.90 11.29 414.842.20 11.26 413.55 Prescott 3.29 11.68 429.172.60 11.66 428.25 Toledo El. -0.72 7.67 281.78-0.39 8.66 318.30 Exchange rate was 1.3113 up 0.0039 Chicago wheat closed slightly higher. DEC18 HI 5.15 JUL19 HI 5.51 LOW 5.02 3/4 LOW 5.39 3/4 CLOSE 5.07 1/4 Up 2 CLOSE 5.44 3/4 Up 1 1/4 Minni wheat closed slightly lower to steady. DEC18 HI 5.89 1/2 SEP19 HI 6.17 LOW 5.76 1/4 LOW 6.08 1/2 CLOSE 5.77 1/2 Down 1/4 CLOSE 6.08 1/2 Unchanged GFO Cash Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.12 1.32 1.12 0.62 CAD $/bu 6.19 6.39 6.19 6.39 CAD $/tonne 227.54 234.77 227.54 234.89 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 1.00 N/A N/A N/A 0.95 N/A London 1.11 1.24 0.91 N/A 1.21 1.34 1.01 N/A Hensall 1.00 N/A 1.00 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 0.95 1.30 0.95 0.60 1.00 1.30 0.95 0.65 Essex N/A N/A N/A N/A N/A N/A 1.00 N/A Norwich 1.00 N/A 1.00 N/A 1.15 N/A 0.95 N/A Port Hope N/A 1.00 1.00 N/A N/A 1.20 0.95 N/A Kent Bridge 1.00 N/A 1.00 N/A 1.15 N/A 0.95 N/A Chatham N/A N/A 0.95 N/A N/A N/A 0.95 N/A Brigden N/A N/A 0.95 N/A N/A N/A 0.95 N/A Palmerston N/A 1.15 0.95 N/A N/A 1.10 1.05 N/A Varna 1.15 1.35 0.95 N/A 1.05 1.30 0.95 N/A Mitchell 1.00 1.15 1.00 N/A 1.15 1.25 0.95 N/A Thornton N/A N/A N/A 0.28 N/A N/A N/A N/A North Gower N/A 1.20 1.00 0.50 N/A 1.27 1.22 0.40 W O Feed 1.74 PROCESSORS Toledo FM N/A N/A 1.71 N/A N/A N/A 1.81 N/A Toledo El. 4.99US 6.55CA 5.30US 6.93CA GFO Contract Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.22 1.28 1.22 0.50 CAD $/bu 6.67 6.73 6.67 6.58 CAD $/tonne 244.90 247.30 244.90 241.90 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 492.96 DDG's FOB Srn & Aylm 180.00 - 190.00