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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, June 11

11 Jun 2019
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, June 11 Exchange rate was 1.3281 up 0.0015 Chicago soybeans closed slightly higher. JUL19 HI 8.63 1/2 NOV19 HI 8.90 3/4 LOW 8.50 1/4 LOW 8.77 3/4 CLOSE8.59 1/4 Up 3/4 CLOSE 8.87 Up 1 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+AUG1+NOV19 CK Low 2.00 10.59 389.211.89 10.76 395.36 CK High 2.10 10.69 392.882.05 10.92 401.24 CK Average 2.03 -0.6010.62 390.251.94 -0.7310.81 397.20 Essex Cty 2.00 10.59 389.211.90 10.77 395.73 Mdsx Low 1.97 10.56 388.111.84 10.71 393.53 Mdsx High 2.00 10.59 389.211.90 10.77 395.73 Mdsx Average 1.99 -0.6310.58 388.661.87 -0.7810.74 394.63 Hensall 2.03 10.62 390.131.90 10.77 395.73 Bruce 2.00 10.59 389.211.90 10.77 395.73 Putnam 2.00 10.59 389.211.90 10.77 395.73 Burford 2.02 10.61 389.941.89 10.76 395.36 Port Perry 1.99 10.58 388.841.86 10.73 394.26 Norfolk 2.00 10.59 389.211.90 10.77 395.73 Palmerston 2.15 10.74 394.722.00 10.87 399.40 Varna 2.00 10.59 389.211.90 10.77 395.73 Trenton 2.05 10.64 391.041.90 10.77 395.73 Winchester N/A 2.10 10.97 403.08 North Gower 1.98 10.57 388.472.00 10.87 399.40 Huron FOB 2.15 10.74 394.722.00 10.87 399.40 Kent FOB 2.20 10.79 396.561.90 10.77 395.73 Lambton FOB 2.10 10.69 392.882.05 10.92 401.24 Middlesex FOB2.17 2.24 2.26 N/A 10.76 395.452.03 10.90 400.51 PROCESSORS Windsor 2.48 11.07 406.842.31 11.18 410.79 TRANSFER Hamilton 2.55 11.14 409.422.35 11.22 412.26 Prescott N/A 2.45 11.32 415.94 Port Colborne N/A 2.42 11.29 414.84 Toledo El. -0.40 8.19 301.08-0.73 8.14 299.08 Exchange rate was 1.3281 up 0.0015 Chicago wheat closed slightly to moderately higher. JUL19 HI 5.18 3/4 JUL19 HI 5.18 3/4 LOW 5.00 1/4 LOW 5.00 1/4 CLOSE 5.18 Up 10 1/2 CLOSE 5.18 Up 10 1/2 Minni wheat closed slightly higher. JUL19 HI 5.70 3/4 SEP19 HI 5.79 1/2 LOW 5.60 LOW 5.68 1/2 CLOSE 5.69 1/2 Up 1 CLOSE 5.78 Up 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.70 1.77 1.57 0.94 CAD $/bu 6.88 6.95 6.75 6.63 CAD $/tonne 252.78 255.22 247.90 243.75 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 1.50 N/A N/A N/A 1.50 N/A London 1.57 1.97 1.50 N/A 1.63 1.96 1.50 N/A Hensall 1.60 N/A 1.50 N/A 1.60 N/A 1.50 N/A Trenton N/A N/A N/A N/A N/A N/A 1.55 N/A Bruce 1.60 1.95 1.50 N/A 1.60 1.95 1.50 1.20 Essex N/A N/A 1.50 N/A N/A N/A 1.50 N/A Norwich 1.60 N/A 1.50 N/A 1.60 N/A 1.50 N/A Port Hope N/A N/A N/A N/A N/A 1.85 1.60 N/A Kent Bridge 1.60 N/A 1.50 N/A 1.60 N/A 1.50 N/A Chatham N/A N/A 1.50 N/A N/A N/A 1.50 N/A Brigden N/A N/A 1.50 N/A N/A N/A 1.50 N/A Palmerston N/A 1.95 1.55 1.40 N/A 1.98 1.58 1.20 Varna 1.70 1.90 1.50 N/A 1.60 1.90 1.50 N/A Mitchell 1.60 1.85 1.50 N/A 1.60 1.85 1.50 N/A Thornton N/A N/A N/A 1.47 N/A N/A N/A N/A North Gower N/A 1.70 1.45 0.85 N/A 2.03 1.63 1.15 W O Feed 2.11 TERMINAL Port Colbor N/A N/A N/A N/A 1.97 2.30 1.84 N/A PROCESSORS Toledo FM N/A N/A 1.90 N/A N/A N/A 1.90 N/A Toledo El. 5.38US 7.15CA 5.38US 7.15CA GFO Contract Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.83 2.16 1.70 1.23 CAD $/bu 7.01 7.34 6.88 7.01 CAD $/tonne 257.66 269.86 252.78 257.66 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 514.13 DDG's FOB Srn & Aylm 205.00