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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, May 15

15 May 2019
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, May 15 Exchange rate was 1.3425 down 0.0024 Chicago soybeans closed slightly higher. JUL19 HI 8.48 1/4 NOV19 HI 8.71 1/2 LOW 8.27 LOW 8.52 CLOSE8.35 1/2 Up 4 CLOSE 8.59 3/4 Up 3 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG19 CK Low 1.95 10.31 378.641.95 10.55 387.55 CK High 2.05 10.41 382.322.00 10.60 389.39 CK Average 2.00 -0.6410.36 380.481.98 -0.7210.58 388.78 Essex Cty 1.95 10.31 378.641.95 10.55 387.55 Mdsx Low 1.90 10.26 376.811.95 10.55 387.55 Mdsx High 2.05 10.41 382.322.00 10.60 389.39 Mdsx Average 1.98 -0.6610.33 379.561.98 -0.7210.57 388.47 Hensall 2.00 10.36 380.481.98 10.57 388.47 Bruce 2.00 10.36 380.481.95 10.55 387.55 Putnam 2.05 10.41 382.322.00 10.60 389.39 Burford 1.95 10.31 378.642.00 10.60 389.39 Port Perry 1.92 10.28 377.541.97 10.57 388.29 Norfolk 1.95 10.31 378.641.95 10.55 387.55 Palmerston 2.00 10.36 380.481.95 10.55 387.55 Varna 2.00 10.36 380.481.95 10.55 387.55 Trenton 2.00 10.36 380.482.00 10.60 389.39 Winchester N/A 2.00 10.60 389.39 North Gower 1.99 10.35 380.111.99 10.59 389.02 Huron FOB 2.10 10.46 384.162.05 10.65 391.23 Kent FOB 2.15 10.51 385.991.95 10.55 387.55 Lambton FOB 2.15 10.51 385.992.05 10.65 391.23 Middlesex FOB2.16 2.16 2.23 N/A 10.52 386.362.01 10.61 389.76 PROCESSORS Windsor 2.40 10.76 395.182.28 10.88 399.68 TRANSFER Hamilton 2.45 10.81 397.022.40 11.00 404.09 Prescott N/A 2.30 10.90 400.41 Port Colborne N/A 2.38 10.98 403.35 Toledo El. -0.60 7.75 284.80-0.74 7.86 288.77 Exchange rate was 1.3425 down 0.0024 Chicago wheat closed narrowly mixed. JUL19 HI 4.64 JUL19 HI 4.64 LOW 4.47 LOW 4.47 CLOSE 4.48 3/4 Up 1/4 CLOSE 4.48 3/4 Up 1/4 Minni wheat closed moderately lower. JUL19 HI 5.35 1/2 SEP19 HI 5.44 LOW 5.15 LOW 5.24 1/4 CLOSE 5.15 1/4 Down 8 CLOSE 5.24 1/2 Down 7 1/4 GFO Cash Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.54 1.60 1.40 0.82 CAD $/bu 6.02 6.09 5.89 5.98 CAD $/tonne 221.36 223.82 216.42 219.63 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 1.30 N/A N/A N/A 1.30 N/A London 1.32 1.72 1.25 N/A 1.38 1.71 1.31 N/A Hensall 1.60 N/A 1.30 N/A 1.60 N/A 1.30 N/A Trenton N/A N/A N/A N/A N/A N/A 1.30 N/A Bruce 1.60 1.75 1.25 N/A 1.60 1.70 1.30 1.00 Essex N/A N/A 1.25 N/A N/A N/A 1.30 N/A Norwich 1.60 N/A 1.30 N/A 1.60 N/A 1.30 N/A Port Hope N/A N/A N/A N/A N/A 1.60 1.30 N/A Kent Bridge 1.60 N/A 1.30 N/A 1.60 N/A 1.30 N/A Chatham N/A N/A 1.25 N/A N/A N/A 1.30 N/A Brigden N/A N/A 1.25 N/A N/A N/A 1.30 N/A Palmerston N/A 1.80 1.40 1.10 N/A 1.78 1.38 1.00 Varna 1.50 1.75 1.30 N/A 1.50 1.70 1.30 N/A Mitchell 1.60 1.60 1.30 N/A 1.60 1.60 1.30 N/A Thornton N/A N/A N/A 1.20 N/A N/A N/A N/A North Gower N/A 1.42 1.20 0.70 N/A 1.83 1.38 0.85 W O Feed 1.89 TERMINAL Port Colbor N/A N/A N/A N/A 1.72 2.06 1.58 N/A PROCESSORS Toledo FM N/A N/A 1.54 N/A N/A N/A 1.54 N/A Toledo El. 4.37US 5.86CA 4.37US 5.86CA GFO Contract Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.60 1.94 1.47 1.06 CAD $/bu 6.09 6.43 5.96 6.30 CAD $/tonne 223.82 236.15 218.89 231.59 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 461.66 DDG's FOB Srn & Aylm 205.00