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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, August 12

12 Aug 2019
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, August 12 Exchange rate was 1.3232 up 0.0034 Chicago soybeans closed slightly to moderately lower. NOV19 HI 8.93 NOV19 HI 8.93 LOW 8.76 LOW 8.76 CLOSE8.79 1/4 Down 12 1/2 CLOSE 8.79 1/4 Down 12 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV19 CK Low 2.11 10.90 400.602.03 10.82 397.66 CK High 2.15 10.94 402.072.05 10.84 398.39 CK Average 2.14 -0.5310.94 401.822.05 -0.5810.84 398.27 Essex Cty 2.20 10.99 403.912.05 10.84 398.39 Mdsx Low 2.06 10.85 398.761.98 10.77 395.82 Mdsx High 2.15 10.94 402.072.05 10.84 398.39 Mdsx Average 2.11 -0.5610.90 400.412.02 -0.6110.81 397.11 Hensall 2.15 10.94 402.072.05 10.84 398.39 Bruce 2.10 10.89 400.232.00 10.79 396.56 Putnam 2.15 10.94 402.072.05 10.84 398.39 Burford 2.11 10.90 400.602.03 10.82 397.66 Port Perry 2.08 10.87 399.502.00 10.79 396.56 Norfolk 2.15 10.94 402.072.05 10.84 398.39 Palmerston N/A 2.05 10.84 398.39 Varna 2.15 10.94 402.072.05 10.84 398.39 Trenton 2.10 10.89 400.232.05 10.84 398.39 Winchester N/A 2.05 10.84 398.39 North Gower 1.87 10.66 391.782.05 10.84 398.39 Huron FOB 2.25 11.04 405.742.15 10.94 402.07 Kent FOB 2.25 11.04 405.742.05 10.84 398.39 Lambton FOB 2.25 11.04 405.742.25 11.04 405.74 Middlesex FOB2.51 2.51 N/A N/A 11.30 415.302.10 10.89 400.23 PROCESSORS Windsor 2.58 11.37 417.872.38 11.17 410.52 TRANSFER Hamilton 2.70 11.49 422.282.50 11.29 414.93 Prescott N/A 2.45 11.24 413.09 Port Colborne N/A N/A Toledo El. -0.26 8.53 313.35-0.53 8.26 303.67 Exchange rate was 1.3232 up 0.0034 Chicago wheat closed lower to sharply lower. SEP19 HI 5.02 JUL20 HI 5.19 LOW 4.66 1/2 LOW 4.90 CLOSE 4.71 3/4 Down 27 3/4 CLOSE 4.95 Down 23 Minni wheat closed slightly to moderately lower. SEP19 HI 5.25 1/2 SEP20 HI 5.83 LOW 5.06 1/4 LOW 5.65 CLOSE 5.09 1/4 Down 10 1/2 CLOSE 5.66 1/2 Down 4 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.99 2.25 1.92 1.25 CAD $/bu 6.71 6.97 6.64 6.34 CAD $/tonne 246.38 256.10 243.95 233.01 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 1.65 N/A N/A N/A 1.20 N/A London 1.72 1.98 1.65 N/A 1.32 1.45 1.12 N/A Hensall 1.80 N/A 1.65 N/A 1.40 N/A 1.20 N/A Trenton N/A N/A 1.70 N/A N/A N/A 1.20 N/A Bruce 1.75 2.00 1.65 1.30 1.40 1.60 1.20 N/A Essex N/A N/A 1.60 N/A N/A N/A 1.10 N/A Norwich 1.80 N/A 1.65 N/A 1.40 N/A 1.20 N/A Port Hope N/A 1.90 1.70 N/A N/A 1.50 1.20 N/A Kent Bridge 1.80 N/A 1.65 N/A 1.40 N/A 1.20 N/A Chatham N/A N/A 1.65 N/A N/A N/A 1.10 N/A Brigden N/A N/A 1.65 N/A N/A N/A 1.10 N/A Palmerston N/A 2.22 1.68 1.20 N/A 1.59 1.24 0.90 Varna 1.75 2.05 1.65 N/A 1.35 1.55 1.15 N/A Mitchell 1.80 2.00 1.65 N/A 1.40 1.60 1.20 N/A Thornton N/A N/A N/A 1.56 N/A N/A N/A N/A North Gower N/A 2.15 1.90 1.15 N/A 1.74 1.49 0.90 W O Feed 2.26 TERMINAL Port Colbor 2.06 2.33 1.99 N/A N/A N/A N/A N/A PROCESSORS Toledo FM N/A N/A 1.79 N/A N/A N/A N/A N/A Toledo El. 4.92US 6.51CA 4.90US 6.47CA GFO Contract Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.52 1.78 1.45 1.02 CAD $/bu 6.47 6.73 6.40 6.69 CAD $/tonne 237.68 247.38 235.26 245.69 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 453.50 DDG's FOB Srn & Aylm 190.00 - 195.00