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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, March 26

26 Mar 2020
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, March 26 Exchange rate was 1.4043 down 0.0165 Chicago soybeans closed mixed. MAY20 HI 8.84 1/2 NOV20 HI 8.80 3/4 LOW 8.71 1/4 LOW 8.70 1/2 CLOSE8.80 1/4 Down 1 1/4 CLOSE 8.79 Up 1 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAY2+MAY2+JUL20 CK Low 2.90 11.70 429.992.80 11.59 425.86 CK High 3.05 11.85 435.502.95 11.74 431.37 CK Average 2.99 -0.4111.79 433.122.86 -0.5111.65 428.00 Essex Cty 3.00 11.80 433.672.80 11.59 425.86 Mdsx Low 2.90 11.70 429.992.80 11.59 425.86 Mdsx High 2.99 11.79 433.302.83 11.62 426.96 Mdsx Average 2.95 -0.4411.75 431.652.82 -0.5411.61 426.41 Hensall 2.95 11.75 431.832.85 11.64 427.70 Bruce 3.00 11.80 433.672.85 11.64 427.70 Putnam 2.90 11.70 429.992.80 11.59 425.86 Burford 3.06 11.86 435.872.90 11.69 429.53 Port Perry 2.98 11.78 432.932.82 11.61 426.59 Norfolk 3.00 11.80 433.672.85 11.64 427.70 Palmerston 2.92 11.72 430.732.82 11.61 426.59 Varna 3.00 11.80 433.672.90 11.69 429.53 Trenton 3.00 11.80 433.672.90 11.69 429.53 Winchester 3.15 11.95 439.183.00 11.79 433.21 North Gower 3.10 11.90 437.342.90 11.69 429.53 Vankleek Hill N/A 2.85 11.64 427.70 Huron FOB 3.15 11.95 439.182.90 11.69 429.53 Kent FOB 3.00 11.80 433.672.85 11.64 427.70 Lambton FOB 3.00 11.80 433.672.90 11.69 429.53 Middlesex FOB3.04 3.04 N/A N/A 11.84 435.143.02 11.81 433.94 PROCESSORS Windsor 3.42 12.22 449.103.07 11.86 435.78 TRANSFER Hamilton 3.55 12.35 453.883.30 12.09 444.23 Prescott N/A 3.05 11.84 435.05 Port Colborne3.31 12.11 445.063.36 12.15 446.44 Toledo El. 0.04 8.84 324.98-0.42 8.37 307.47 Exchange rate was 1.4043 down 0.0165 Chicago wheat closed slightly to moderately lower. MAY20 HI 5.83 SEP20 HI 5.66 1/2 LOW 5.64 1/2 LOW 5.52 3/4 CLOSE 5.69 Down 11 CLOSE 5.55 Down 11 1/2 Minni wheat closed moderately lower. MAY20 HI 5.40 SEP20 HI 5.57 LOW 5.27 1/4 LOW 5.44 1/2 CLOSE 5.31 1/4 Down 6 1/4 CLOSE 5.48 1/4 Down 6 1/4 GFO Cash Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 2.51 2.72 2.51 1.66 CAD $/bu 8.20 8.41 8.20 6.97 CAD $/tonne 301.34 309.08 301.34 256.06 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 N/A N/A N/A N/A 1.65 N/A London 2.52 2.80 2.30 N/A 1.97 2.25 1.68 N/A Hensall 2.12 N/A 2.12 N/A 1.90 N/A 1.70 N/A Trenton N/A N/A N/A N/A N/A N/A 1.70 N/A Bruce 2.25 2.65 2.25 2.15 1.90 2.10 1.65 1.50 Essex N/A N/A 2.20 N/A N/A N/A 1.65 N/A Norwich 2.12 N/A 2.12 N/A 1.90 N/A 1.70 N/A Port Hope N/A N/A 2.30 N/A N/A N/A 1.70 N/A Kent Bridge 2.12 N/A 2.12 N/A 1.90 N/A 1.70 N/A Chatham N/A N/A 2.20 N/A N/A N/A 1.65 N/A Brigden N/A N/A 2.20 N/A N/A N/A 1.65 N/A Palmerston N/A 2.52 2.16 1.94 N/A 1.98 1.61 1.24 Varna 2.40 2.70 2.30 N/A 1.95 2.15 1.75 N/A Mitchell 2.12 2.32 2.12 N/A 1.90 2.10 1.70 N/A Thornton N/A N/A N/A 2.83 N/A N/A N/A N/A North Gower N/A 2.50 2.30 1.55 N/A 2.25 2.10 1.45 W O Feed 2.91 TERMINAL Port Colbor N/A N/A 2.72 N/A N/A N/A 2.12 N/A PROCESSORS Toledo FM N/A N/A 2.65 N/A N/A N/A 2.40 N/A Toledo El. 5.69US 7.99CA 5.55US 7.81CA GFO Contract Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.91 2.26 1.91 1.39 CAD $/bu 7.46 7.81 7.46 6.87 CAD $/tonne 273.96 286.88 273.96 252.38 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 543.34 DDG's FOB Srn & Aylm 300.00