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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, February 27

27 Feb 2019
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, February 27 Exchange rate was 1.3139 down 0.0020 Chicago soybeans closed narrowly mixed. MAY19 HI 9.23 1/4 NOV19 HI 9.54 1/2 LOW 9.13 1/2 LOW 9.45 3/4 CLOSE9.16 3/4 Down 1/4 CLOSE 9.49 1/4 Up 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAY1+MAY1+MAY19 CK Low 1.97 11.14 409.232.07 11.56 424.85 CK High 2.07 11.24 412.912.25 11.74 431.46 CK Average 2.02 -0.6511.19 411.192.18 -0.6011.67 428.83 Essex Cty 2.05 11.22 412.172.10 11.59 425.95 Mdsx Low 2.01 11.18 410.702.11 11.60 426.32 Mdsx High 2.05 11.22 412.172.20 11.69 429.63 Mdsx Average 2.03 -0.6511.20 411.442.16 -0.6111.65 427.97 Hensall 2.05 11.22 412.172.18 11.67 428.71 Bruce 2.05 11.22 412.172.15 11.64 427.79 Putnam 2.05 11.22 412.172.20 11.69 429.63 Burford 2.01 11.18 410.702.11 11.60 426.32 Port Perry 1.97 11.14 409.232.07 11.56 424.85 Norfolk 2.00 11.17 410.342.10 11.59 425.95 Palmerston 2.02 11.19 411.072.25 11.74 431.46 Varna 2.05 11.22 412.172.15 11.64 427.79 Trenton 2.00 11.17 410.342.20 11.69 429.63 Winchester 1.98 11.15 409.602.23 11.72 430.73 North Gower 1.95 11.12 408.502.28 11.77 432.57 Huron FOB 2.15 11.32 415.852.25 11.74 431.46 Kent FOB 2.20 11.37 417.682.10 11.59 425.95 Lambton FOB 2.10 11.27 414.012.30 11.79 433.30 Middlesex FOB2.16 2.16 2.26 2.33 11.33 416.212.38 11.87 436.24 PROCESSORS Windsor 2.58 N/A N/A N/A 11.75 431.652.52 12.01 441.38 TRANSFER Hamilton 2.50 11.67 428.712.55 12.04 442.49 Prescott N/A 2.65 12.14 446.16 Port Colborne N/A 2.51 12.00 441.02 Toledo El. -0.55 8.62 316.57-0.66 8.84 324.69 Exchange rate was 1.3139 down 0.0020 Chicago wheat closed narrowly mixed. MAR19 HI 4.67 3/4 JUL19 HI 4.82 LOW 4.58 1/4 LOW 4.72 CLOSE 4.61 Up 3/4 CLOSE 4.73 1/4 Down 2 Minni wheat closed slightly lower to steady. MAR19 HI 5.70 SEP19 HI 5.76 LOW 5.59 1/4 LOW 5.65 3/4 CLOSE 5.63 Down 1/2 CLOSE 5.66 1/2 Unchanged GFO Cash Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.45 1.51 1.32 0.85 CAD $/bu 6.06 6.12 5.93 6.48 CAD $/tonne 222.56 224.97 217.73 238.01 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 1.21 N/A N/A N/A 1.15 N/A London 1.25 1.45 1.12 N/A 1.34 1.34 1.14 N/A Hensall 1.36 N/A 1.21 N/A 1.40 N/A 1.15 N/A Trenton N/A N/A N/A N/A N/A N/A 1.20 N/A Bruce 1.31 1.61 1.21 N/A 1.45 1.45 1.15 1.00 Essex N/A N/A 1.20 N/A N/A N/A 1.10 N/A Norwich 1.36 N/A 1.21 N/A 1.40 N/A 1.15 N/A Port Hope N/A N/A 1.21 N/A N/A 1.30 1.20 N/A Kent Bridge 1.36 N/A 1.21 N/A 1.40 N/A 1.15 N/A Chatham N/A N/A 1.20 N/A N/A N/A 1.10 N/A Brigden N/A N/A 1.20 N/A N/A N/A 1.10 N/A Palmerston N/A 1.55 1.05 1.10 N/A 1.60 1.15 1.00 Varna 1.31 1.61 1.21 N/A 1.40 1.45 1.15 N/A Mitchell 1.36 1.36 1.21 N/A 1.40 1.40 1.15 N/A Thornton N/A N/A N/A 0.15 N/A N/A N/A N/A North Gower N/A 1.41 1.30 0.56 N/A 1.55 1.35 0.65 W O Feed 1.72 TERMINAL Port Colbor N/A N/A N/A N/A 1.69 1.69 1.50 N/A PROCESSORS Toledo FM N/A N/A 1.64 N/A N/A N/A 1.61 N/A Toledo El. 4.56US 5.99CA 4.58US 6.01CA GFO Contract Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.41 1.48 1.28 0.78 CAD $/bu 6.14 6.21 6.01 6.45 CAD $/tonne 225.70 228.11 220.88 236.91 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 466.51 DDG's FOB Srn & Aylm 170.00 - 180.00