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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, October 31

31 Oct 2018
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, October 31 Exchange rate was 1.3152 up 0.0023 Chicago soybeans closed slightly higher. JAN19 HI 8.55 NOV19 HI 9.06 1/4 LOW 8.44 1/2 LOW 8.97 1/2 CLOSE8.51 3/4 Up 4 3/4 CLOSE 9.03 3/4 Up 3 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JAN1+JAN1+JAN19 CK Low 2.35 10.87 399.311.84 10.88 399.68 CK High 2.60 11.12 408.501.95 10.99 403.72 CK Average 2.48 -0.1511.00 404.151.93 -0.6710.97 403.05 Essex Cty 2.10 10.62 390.132.00 11.04 405.56 Mdsx Low 2.50 11.02 404.821.93 10.97 402.99 Mdsx High 2.53 11.05 405.931.95 10.99 403.72 Mdsx Average 2.52 -0.1311.03 405.371.94 -0.6610.98 403.35 Hensall 2.50 11.02 404.821.93 10.96 402.80 Bruce 2.50 11.02 404.821.95 10.99 403.72 Putnam 2.50 11.02 404.821.95 10.99 403.72 Burford 2.56 11.08 407.031.96 11.00 404.09 Port Perry 2.52 11.04 405.561.92 10.96 402.62 Norfolk 2.50 11.02 404.821.95 10.99 403.72 Palmerston 2.65 11.17 410.342.00 11.04 405.56 Varna 2.50 11.02 404.821.90 10.94 401.88 Trenton 2.60 11.12 408.501.95 10.99 403.72 Winchester 2.60 11.12 408.502.15 11.19 411.07 North Gower 2.65 11.17 410.342.10 11.14 409.23 Huron FOB 2.55 11.07 406.662.00 11.04 405.56 Kent FOB 2.55 11.07 406.661.95 10.99 403.72 Lambton FOB 2.70 11.22 412.171.95 10.99 403.72 Middlesex FOB2.79 2.73 2.21 2.14 11.31 415.482.09 11.13 408.87 PROCESSORS Windsor 2.69 11.21 411.81 N/A TRANSFER Hamilton 2.75 11.27 414.012.20 11.24 412.91 Prescott 3.24 11.76 432.012.60 11.64 427.60 Toledo El. -0.91 7.61 279.62-0.39 8.64 317.62 Exchange rate was 1.3152 up 0.0023 Chicago wheat closed mixed. DEC18 HI 5.01 3/4 JUL19 HI 5.35 3/4 LOW 4.90 LOW 5.26 1/2 CLOSE 5.00 1/2 Up 3/4 CLOSE 5.34 Down 2 1/2 Minni wheat closed slightly lower. DEC18 HI 5.71 1/2 SEP19 HI 6.05 LOW 5.65 3/4 LOW 6.02 CLOSE 5.69 1/4 Down 2 1/4 CLOSE 6.04 Down 2 GFO Cash Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.12 1.31 1.12 0.61 CAD $/bu 6.12 6.32 6.12 6.30 CAD $/tonne 224.95 232.20 224.95 231.60 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 1.12 1.25 0.99 N/A 1.22 1.36 1.03 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 1.00 1.30 1.00 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 1.00 N/A N/A N/A 0.95 N/A Brigden N/A N/A 1.00 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 1.20 1.40 1.00 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 0.30 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 1.79 PROCESSORS Toledo FM N/A N/A 1.71 N/A N/A N/A 1.79 N/A Toledo El. 4.93US 6.48CA 5.19US 6.80CA GFO Contract Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.20 1.27 1.20 0.50 CAD $/bu 6.54 6.61 6.54 6.54 CAD $/tonne 240.30 242.71 240.30 240.30 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 494.28 DDG's FOB Srn & Aylm 180.00 - 190.00