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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, September 12

12 Sep 2019
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, September 12 Exchange rate was 1.3197 down 0.0002 Chicago soybeans closed higher. NOV19 HI 8.96 NOV19 HI 8.96 LOW 8.69 LOW 8.69 CLOSE8.95 1/2 Up 29 CLOSE 8.95 1/2 Up 29 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+NOV1+JAN20 CK Low 2.00 10.96 402.532.00 10.96 402.53 CK High 2.07 11.03 405.102.07 11.03 405.10 CK Average 2.02 -0.6410.98 403.262.02 -0.6310.98 403.26 Essex Cty 2.00 10.96 402.532.00 10.96 402.53 Mdsx Low 2.00 10.96 402.532.00 10.96 402.53 Mdsx High 2.02 10.98 403.262.02 10.98 403.26 Mdsx Average 2.01 -0.6510.97 402.892.01 -0.6410.97 402.89 Hensall 2.00 10.96 402.532.00 10.96 402.53 Bruce 1.90 10.86 398.851.90 10.86 398.85 Putnam 2.00 10.96 402.532.00 10.96 402.53 Burford 2.07 11.03 405.102.07 11.03 405.10 Port Perry 2.04 11.00 404.002.04 11.00 404.00 Norfolk 2.00 10.96 402.532.00 10.96 402.53 Palmerston 1.95 10.91 400.691.95 10.91 400.69 Varna 2.00 10.96 402.532.00 10.96 402.53 Trenton 2.00 10.96 402.532.00 10.96 402.53 Winchester N/A 2.01 10.97 402.89 North Gower 2.10 11.06 406.202.10 11.06 406.20 Huron FOB 2.10 11.06 406.202.10 11.06 406.20 Kent FOB 2.10 11.06 406.202.00 10.96 402.53 Lambton FOB 2.00 10.96 402.532.10 11.06 406.20 Middlesex FOB2.29 2.29 N/A N/A 11.25 413.182.29 11.25 413.18 PROCESSORS Windsor 2.61 11.57 424.942.51 11.47 421.27 TRANSFER Hamilton 2.45 11.41 419.062.45 11.41 419.06 Prescott N/A 2.29 11.25 413.18 Port Colborne N/A 2.55 11.51 422.74 Toledo El. -0.42 8.53 313.52-0.42 8.53 313.54 Exchange rate was 1.3197 down 0.0002 Chicago wheat closed slightly to moderately higher. DEC19 HI 4.86 JUL20 HI 4.99 1/4 LOW 4.72 1/2 LOW 4.87 CLOSE 4.83 3/4 Up 6 1/4 CLOSE 4.96 1/4 Up 4 1/2 Minni wheat closed slightly higher. DEC19 HI 5.08 1/2 SEP20 HI 5.55 1/4 LOW 4.99 3/4 LOW 5.49 CLOSE 5.07 1/4 Up 5 CLOSE 5.55 1/4 Up 5 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 2.01 2.27 1.94 1.23 CAD $/bu 6.85 7.11 6.78 6.30 CAD $/tonne 251.54 261.24 249.12 231.42 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 1.10 N/A London 1.65 1.92 1.59 N/A 1.23 1.43 1.10 N/A Hensall 1.70 N/A 1.60 N/A 1.30 N/A 1.10 N/A Trenton N/A N/A 1.60 N/A N/A N/A 1.30 N/A Bruce 1.60 1.90 1.50 1.35 1.25 1.45 1.05 0.90 Essex N/A N/A 1.55 N/A N/A N/A 1.10 N/A Norwich 1.70 N/A 1.60 N/A 1.30 N/A 1.10 N/A Port Hope N/A N/A 1.70 N/A N/A N/A 1.30 N/A Kent Bridge 1.70 N/A 1.60 N/A 1.30 N/A 1.10 N/A Chatham N/A N/A 1.55 N/A N/A N/A 1.10 N/A Brigden N/A N/A 1.55 N/A N/A N/A 1.10 N/A Palmerston N/A 1.95 1.55 1.40 N/A 1.57 1.17 0.95 Varna 1.75 2.00 1.60 N/A 1.35 1.55 1.15 N/A Mitchell 1.70 1.90 1.60 N/A 1.30 1.50 1.10 N/A Thornton N/A N/A N/A 1.38 N/A N/A N/A N/A North Gower N/A 2.10 1.80 1.12 N/A 1.67 1.37 0.85 W O Feed 2.18 TERMINAL Port Colbor 1.99 2.26 1.93 N/A N/A N/A N/A N/A PROCESSORS Toledo FM N/A N/A 1.88 N/A N/A N/A N/A N/A Toledo El. 5.02US 6.62CA 4.96US 6.54CA GFO Contract Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.51 1.78 1.45 0.98 CAD $/bu 6.48 6.74 6.41 6.53 CAD $/tonne 237.99 247.68 235.57 239.93 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 482.38 DDG's FOB Srn & Aylm 205.00 - 210.00