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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, June 18

18 Jun 2019
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, June 18 Exchange rate was 1.3395 down 0.0021 Chicago soybeans closed narrowly mixed. JUL19 HI 9.21 1/2 NOV19 HI 9.48 LOW 9.02 3/4 LOW 9.29 1/2 CLOSE9.13 1/2 Up 3/4 CLOSE 9.40 1/4 Up 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+AUG1+NOV19 CK Low 2.32 11.46 420.902.25 11.65 428.16 CK High 2.40 11.54 423.842.25 11.65 428.16 CK Average 2.36 -0.5511.50 422.432.25 -0.7011.65 428.16 Essex Cty 2.35 11.49 422.002.25 11.65 428.16 Mdsx Low 2.27 11.41 419.062.20 11.60 426.32 Mdsx High 2.40 11.54 423.842.25 11.65 428.16 Mdsx Average 2.34 -0.5711.47 421.452.23 -0.7211.63 427.24 Hensall 2.38 11.51 422.922.25 11.65 428.16 Bruce 2.30 11.44 420.162.20 11.60 426.32 Putnam 2.40 11.54 423.842.25 11.65 428.16 Burford 2.32 11.46 420.902.25 11.65 428.16 Port Perry 2.29 11.43 419.802.22 11.62 427.05 Norfolk 2.35 11.49 422.002.25 11.65 428.16 Palmerston 2.20 11.34 416.492.20 11.60 426.32 Varna 2.35 11.49 422.002.25 11.65 428.16 Trenton 2.35 11.49 422.002.20 11.60 426.32 Winchester 2.30 11.44 420.162.20 11.60 426.32 North Gower 2.20 11.34 416.492.23 11.63 427.42 Huron FOB 2.50 11.64 427.512.35 11.75 431.83 Kent FOB 2.55 11.69 429.352.25 11.65 428.16 Lambton FOB 2.50 11.64 427.512.35 11.75 431.83 Middlesex FOB2.54 2.54 2.57 N/A 11.68 428.982.32 11.72 430.73 PROCESSORS Windsor 2.76 11.90 437.072.58 11.98 440.28 TRANSFER Hamilton 2.90 12.04 442.212.75 12.15 446.53 Prescott N/A 2.45 11.85 435.50 Port Colborne N/A 2.70 12.10 444.69 Toledo El. -0.33 8.80 323.35-0.67 8.73 320.87 Exchange rate was 1.3395 down 0.0021 Chicago wheat closed slightly to moderately lower. JUL19 HI 5.41 JUL19 HI 5.41 LOW 5.25 1/4 LOW 5.25 1/4 CLOSE 5.31 1/2 Down 8 CLOSE 5.31 1/2 Down 8 Minni wheat closed moderately lower. JUL19 HI 5.61 SEP19 HI 5.67 1/2 LOW 5.47 1/2 LOW 5.53 3/4 CLOSE 5.52 1/4 Down 8 CLOSE 5.58 3/4 Down 8 GFO Cash Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.80 1.87 1.67 0.94 CAD $/bu 7.12 7.19 6.99 6.46 CAD $/tonne 261.59 264.05 256.67 237.35 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 1.60 N/A N/A N/A 1.60 N/A London 1.72 2.12 1.66 N/A 1.77 2.10 1.64 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 1.60 N/A Bruce 1.70 2.05 1.65 N/A 1.65 2.00 1.60 1.20 Essex N/A N/A 1.60 N/A N/A N/A 1.65 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 1.60 N/A N/A N/A 1.65 N/A Brigden N/A N/A 1.60 N/A N/A N/A 1.65 N/A Palmerston N/A 1.95 1.65 1.40 N/A 1.99 1.64 1.20 Varna 1.85 2.05 1.65 N/A 1.70 2.00 1.60 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 1.92 N/A N/A N/A N/A North Gower N/A 1.70 1.50 0.85 N/A 2.09 1.69 1.15 W O Feed 2.27 TERMINAL Port Colbor N/A N/A N/A N/A 2.12 2.46 1.99 N/A PROCESSORS Toledo FM N/A N/A 2.01 N/A N/A N/A 2.01 N/A Toledo El. 5.52US 7.39CA 5.52US 7.39CA GFO Contract Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.94 2.27 1.80 1.23 CAD $/bu 7.25 7.59 7.12 6.81 CAD $/tonne 266.52 278.82 261.59 250.40 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 529.12 DDG's FOB Srn & Aylm 205.00