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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, June 29

29 Jun 2020
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, June 29 Exchange rate was 1.3686 up 0.0021 Chicago soybeans closed slightly higher. AUG20 HI 8.65 1/4 NOV20 HI 8.65 LOW 8.56 LOW 8.56 3/4 CLOSE8.61 1/2 Up 1 1/2 CLOSE 8.61 1/2 Up 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +AUG20+AUG20+NOV20 CK Low 2.85 11.47 421.27 2.55 11.17 410.24 CK High 2.90 11.52 423.10 2.60 11.22 412.08 CK Average 2.86 -0.23 11.48 421.63 2.56 -0.45 11.18 410.61 Essex Cty 2.85 11.47 421.27 2.55 11.17 410.24 Mdsx Low 2.84 11.46 420.90 2.54 11.16 409.88 Mdsx High 2.85 11.47 421.27 2.60 11.22 412.08 Mdsx Average2.85 -0.24 11.46 421.08 2.57 -0.44 11.19 410.98 Hensall 2.83 11.45 420.65 2.57 11.18 410.86 Bruce 2.80 11.42 419.43 2.55 11.17 410.24 Putnam 2.85 11.47 421.27 2.60 11.22 412.08 Burford 2.91 11.53 423.47 2.61 11.23 412.45 Port Perry 2.86 11.48 421.63 2.56 11.18 410.61 Norfolk 2.85 11.47 421.27 2.60 11.22 412.08 Palmerston 2.90 11.52 423.10 2.57 11.19 410.98 Varna 2.85 11.47 421.27 2.55 11.17 410.24 Trenton 2.85 11.47 421.27 2.60 11.22 412.08 Winchester 2.90 11.52 423.10 2.60 11.22 412.08 North Gower 2.77 11.39 418.33 2.55 11.17 410.24 Vankleek Hil N/A 2.88 11.50 422.37 Huron FOB 3.07 11.69 429.35 2.67 11.29 414.65 Kent FOB 3.00 11.62 426.78 2.55 11.17 410.24 Lambton FOB 3.00 11.62 426.78 2.75 11.37 417.59 Mdsx FOB 3.03 3.10 N/A N/A 11.65 427.88 2.76 11.38 417.96 PROCESSORS Windsor 3.34 11.96 439.27 2.91 11.53 423.47 TRANSFER Hamilton 3.35 11.97 439.64 3.05 11.67 428.62 Prescott N/A 3.02 11.64 427.51 Port Colborn3.16 11.78 432.66 2.96 11.58 425.31 Toledo El. 0.00 8.62 316.55 -0.34 8.27 303.97 Exchange rate was 1.3686 up 0.0021 Chicago wheat closed moderately higher. JUL20 HI 4.88 3/4 SEP20 HI 4.91 1/2 LOW 4.73 LOW 4.75 CLOSE 4.85 1/2 Up 11 1/2 CLOSE 4.86 1/2 Up 10 3/4 Minni wheat closed narrowly mixed. JUL20 HI 5.00 SEP20 HI 5.11 LOW 4.94 LOW 5.07 1/2 CLOSE 4.97 Down 1 1/2 CLOSE 5.09 3/4 Up 1 GFO Cash Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.93 2.13 1.93 1.22 CAD $/bu 6.78 6.99 6.78 6.19 CAD $/tonne 249.18 256.73 249.18 227.31 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 1.09 N/A London 1.77 1.98 1.36 N/A 1.35 1.56 1.15 N/A Hensall 1.31 N/A 1.31 N/A 1.25 N/A 1.10 N/A Trenton N/A N/A N/A N/A N/A N/A 1.25 N/A Bruce N/A N/A N/A N/A 1.20 1.50 1.10 1.20 Essex N/A N/A 1.41 N/A N/A N/A 1.10 N/A Norwich 1.31 N/A 1.31 N/A 1.25 N/A 1.10 N/A Port Hope N/A N/A 1.30 N/A N/A N/A 1.24 N/A Kent Bridge 1.31 N/A 1.31 N/A 1.25 N/A 1.10 N/A Chatham N/A N/A N/A N/A N/A N/A 1.10 N/A Brigden N/A N/A N/A N/A N/A N/A 1.10 N/A Palmerston N/A 1.93 1.38 1.62 N/A 1.59 1.17 1.12 Varna 1.46 1.66 1.26 N/A 1.20 1.50 1.10 N/A Mitchell 1.31 1.46 1.31 N/A 1.25 1.45 1.10 N/A Thornton N/A N/A N/A 1.46 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A 1.60 1.30 1.10 W O Feed 1.95 TERMINAL Port Colbor N/A N/A N/A N/A N/A N/A 1.48 N/A PROCESSORS Toledo FM N/A N/A N/A N/A N/A N/A 2.07 N/A Toledo El. 4.92US 6.73CA 4.92US 6.73CA GFO Contract Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.45 1.79 1.45 1.26 CAD $/bu 6.32 6.66 6.32 6.36 CAD $/tonne 232.08 244.66 232.08 233.72 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 476.87 DDG's FOB Srn & Aylm 195.00 - 220.00