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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, June 28

28 Jun 2019
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, June 28 Exchange rate was 1.3066 down 0.0013 Chicago soybeans closed slightly higher. AUG19 HI 9.12 NOV19 HI 9.30 LOW 8.93 LOW 9.11 1/4 CLOSE9.04 1/2 Up 10 3/4 CLOSE 9.23 Up 10 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV19 CK Low 2.02 11.07 406.571.95 11.18 410.79 CK High 2.10 11.15 409.512.00 11.23 412.63 CK Average 2.09 -0.5311.13 409.021.97 -0.6511.20 411.65 Essex Cty 2.10 11.15 409.511.95 11.18 410.79 Mdsx Low 1.97 11.02 404.731.94 11.17 410.43 Mdsx High 2.10 11.15 409.511.95 11.18 410.79 Mdsx Average 2.04 -0.5611.08 407.121.95 -0.6711.18 410.61 Hensall 2.15 11.20 411.351.98 11.21 411.71 Bruce 2.05 11.10 407.671.95 11.18 410.79 Putnam 2.10 11.15 409.511.95 11.18 410.79 Burford 2.02 11.07 406.571.99 11.22 412.26 Port Perry 1.99 11.04 405.471.96 11.19 411.16 Norfolk 2.10 11.15 409.511.95 11.18 410.79 Palmerston 2.10 11.15 409.512.05 11.28 414.47 Varna 2.15 11.20 411.351.95 11.18 410.79 Trenton 2.15 11.20 411.352.05 11.28 414.47 Winchester N/A 1.90 11.13 408.96 North Gower 2.05 11.10 407.672.00 11.23 412.63 Huron FOB 2.30 11.35 416.862.05 11.28 414.47 Kent FOB 2.25 11.30 415.021.95 11.18 410.79 Lambton FOB 2.35 11.40 418.692.00 11.23 412.63 Middlesex FOB2.26 2.37 N/A N/A 11.31 415.392.18 11.41 419.25 PROCESSORS Windsor 2.59 11.64 427.512.25 11.48 421.82 TRANSFER Hamilton 2.60 11.65 427.882.40 11.63 427.33 Prescott N/A 2.45 11.68 429.17 Port Colborne N/A 2.38 11.61 426.59 Toledo El. -0.26 8.78 322.75-0.65 8.58 315.16 Exchange rate was 1.3066 down 0.0013 Chicago wheat closed lower. SEP19 HI 5.54 3/4 JUL10 HI 5.66 LOW 5.22 1/2 LOW 5.43 3/4 CLOSE 5.27 1/4 Down 19 1/2 CLOSE 5.46 3/4 Down 14 Minni wheat closed slightly to moderately lower. SEP19 HI 5.70 SEP10 HI 6.05 LOW 5.47 LOW 5.91 CLOSE 5.54 1/4 Down 7 1/4 CLOSE 5.97 3/4 Down 5 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.88 2.14 1.75 1.18 CAD $/bu 7.15 7.41 7.02 6.72 CAD $/tonne 262.73 272.33 257.93 246.89 Direct MarkHarvest 2019 Harvest 2020 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 1.55 N/A N/A N/A 1.15 N/A London 1.67 2.00 1.54 N/A 0.85 1.37 1.05 N/A Hensall 1.65 N/A 1.55 N/A 1.35 N/A 1.15 N/A Trenton N/A N/A 1.60 N/A N/A N/A 1.15 N/A Bruce 1.60 1.95 1.55 1.20 1.30 1.50 1.10 N/A Essex N/A N/A 1.55 N/A N/A N/A 1.05 N/A Norwich 1.65 N/A 1.55 N/A 1.35 N/A 1.15 N/A Port Hope N/A 1.90 1.60 N/A N/A 1.50 1.15 N/A Kent Bridge 1.65 N/A 1.55 N/A 1.35 N/A 1.15 N/A Chatham N/A N/A 1.55 N/A N/A N/A 1.05 N/A Brigden N/A N/A 1.55 N/A N/A N/A 1.05 N/A Palmerston N/A 1.85 1.50 1.20 N/A 1.46 1.11 0.90 Varna 1.65 1.95 1.55 N/A 1.30 1.50 1.10 N/A Mitchell 1.65 1.90 1.55 N/A 1.35 1.50 1.15 N/A Thornton N/A N/A N/A 1.73 N/A N/A N/A N/A North Gower N/A 2.05 1.65 1.10 N/A 1.56 1.26 0.80 W O Feed 2.21 TERMINAL Port Colbor 2.01 2.33 1.87 N/A N/A N/A N/A N/A PROCESSORS Toledo FM N/A N/A 1.75 N/A N/A N/A N/A N/A Toledo El. 5.49US 7.18CA 5.69US 7.43CA GFO Contract Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.41 1.67 1.34 0.91 CAD $/bu 6.88 7.14 6.81 6.89 CAD $/tonne 252.69 262.28 250.29 253.17 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 508.50 DDG's FOB Srn & Aylm 190.00 - 200.00