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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, July 10

10 Jul 2020
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, July 10 Exchange rate was 1.3587 down 0.0001 Chicago soybeans closed slightly lower. AUG20 HI 9.00 1/2 NOV20 HI 9.04 3/4 LOW 8.83 3/4 LOW 8.87 1/2 CLOSE8.87 1/4 Down 9 1/4 CLOSE 8.90 3/4 Down 10 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +AUG20+NOV20+NOV20 CK Low 2.80 11.67 428.89 2.60 11.51 422.83 CK High 2.86 11.73 431.10 2.65 11.56 424.67 CK Average 2.84 -0.25 11.72 430.48 2.63 -0.36 11.53 423.75 Essex Cty 2.85 11.72 430.73 2.65 11.56 424.67 Mdsx Low 2.84 11.71 430.36 2.63 11.54 423.93 Mdsx High 2.85 11.72 430.73 2.65 11.56 424.67 Mdsx Average2.85 -0.25 11.72 430.54 2.64 -0.35 11.55 424.30 Hensall 2.85 11.72 430.73 2.65 11.56 424.67 Bruce 2.85 11.72 430.73 2.65 11.56 424.67 Putnam 2.85 11.72 430.73 2.65 11.56 424.67 Burford 2.91 11.78 432.93 2.70 11.61 426.50 Port Perry 2.86 11.73 431.10 2.65 11.56 424.67 Norfolk 2.85 11.72 430.73 2.70 11.61 426.50 Palmerston 2.85 11.72 430.73 2.65 11.56 424.67 Varna 2.85 11.72 430.73 2.65 11.56 424.67 Trenton 2.80 11.67 428.89 2.60 11.51 422.83 Winchester 2.80 11.67 428.89 2.60 11.51 422.83 North Gower 2.75 11.62 427.05 2.62 11.53 423.56 Vankleek Hil N/A 2.91 11.82 434.22 Huron FOB 2.87 11.74 431.46 2.65 11.56 424.67 Kent FOB 2.95 11.82 434.40 2.65 11.56 424.67 Lambton FOB 2.80 11.67 428.89 2.70 11.61 426.50 Mdsx FOB 2.87 3.07 N/A N/A 11.74 431.46 2.82 11.73 430.91 PROCESSORS Windsor 3.28 12.15 446.53 2.93 11.84 434.95 TRANSFER Hamilton 3.30 12.17 447.26 3.10 12.01 441.20 Prescott N/A 2.99 11.90 437.16 Port Colborn3.21 12.08 443.96 3.23 12.14 445.98 Toledo El. 0.00 8.87 326.01 -0.34 8.57 314.90 Exchange rate was 1.3587 down 0.0001 Chicago wheat closed slightly to moderately higher. SEP20 HI 5.39 JUL21 HI 5.46 LOW 5.20 1/2 LOW 5.31 1/2 CLOSE 5.34 Up 9 CLOSE 5.38 3/4 Up 2 Minni wheat closed mixed. SEP20 HI 5.30 3/4 SEP21 HI 5.75 LOW 5.17 1/2 LOW 5.70 CLOSE 5.26 1/4 Up 1/4 CLOSE 5.71 1/4 Down 3 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.58 1.92 1.58 1.28 CAD $/bu 6.92 7.26 6.92 6.54 CAD $/tonne 254.11 266.59 254.11 240.26 Direct MarkHarvest 2020 Harvest 2021 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 1.15 N/A N/A N/A 1.15 N/A London 1.32 1.59 1.18 N/A 1.56 1.63 1.15 N/A Hensall 1.30 N/A 1.15 N/A 1.30 N/A 1.15 N/A Trenton N/A N/A 1.20 N/A N/A N/A 1.25 N/A Bruce 1.20 1.50 1.10 1.15 1.20 1.50 1.10 N/A Essex N/A N/A 1.15 N/A N/A N/A 1.15 N/A Norwich 1.30 N/A 1.15 N/A 1.30 N/A 1.15 N/A Port Hope N/A N/A 1.20 N/A N/A N/A 1.20 N/A Kent Bridge 1.30 N/A 1.15 N/A 1.30 N/A 1.15 N/A Chatham N/A N/A 1.15 N/A N/A N/A 1.15 N/A Brigden N/A N/A 1.15 N/A N/A N/A 1.15 N/A Palmerston N/A 1.71 1.24 1.21 N/A 1.76 1.28 0.90 Varna 1.25 1.50 1.15 N/A 1.25 1.50 1.15 N/A Mitchell 1.30 1.50 1.15 N/A 1.30 1.50 1.15 N/A Thornton N/A N/A N/A 1.26 N/A N/A N/A N/A North Gower N/A 1.50 1.32 1.08 N/A 1.57 1.31 0.95 W O Feed 2.06 TERMINAL Port Colbor N/A N/A 1.59 N/A N/A N/A 1.55 N/A PROCESSORS Toledo FM N/A N/A 2.19 N/A N/A N/A N/A N/A Toledo El. 5.44US 7.39CA 5.34US 7.20CA GFO Contract Wheat Prices - DEL Terminal Harvest 21 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.61 1.75 1.48 1.19 CAD $/bu 7.00 7.14 6.87 6.90 CAD $/tonne 257.23 262.19 252.27 253.51 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 486.68 DDG's FOB Srn & Aylm 185.00 - 195.00