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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, September 15

15 Sep 2020
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, September 15 Exchange rate was 1.318 down 0.0003 Chicago soybeans closed mixed. NOV20 HI 10.05 3/4 NOV20 HI 10.05 3/4 LOW 9.90 1/4 LOW 9.90 1/4 CLOSE9.91 1/2 Down 8 CLOSE 9.91 1/2 Down 8 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV20+NOV20+JAN21 CK Low 2.55 12.47 458.01 2.55 12.47 458.01 CK High 2.60 12.52 459.85 2.60 12.52 459.85 CK Average 2.57 -0.44 12.49 458.75 2.58 -0.44 12.49 459.05 Essex Cty 2.55 12.47 458.01 2.60 12.52 459.85 Mdsx Low 2.55 12.47 458.01 2.55 12.47 458.01 Mdsx High 2.55 12.47 458.01 2.55 12.47 458.01 Mdsx Average2.55 -0.46 12.47 458.01 2.55 -0.46 12.47 458.01 Hensall 2.58 12.50 459.24 2.55 12.47 458.01 Bruce 2.55 12.47 458.01 2.55 12.47 458.01 Putnam 2.55 12.47 458.01 2.55 12.47 458.01 Burford 2.62 12.54 460.58 2.62 12.54 460.58 Port Perry 2.54 12.46 457.64 2.54 12.46 457.64 Norfolk 2.55 12.47 458.01 2.60 12.52 459.85 Palmerston 2.63 12.55 460.95 2.56 12.48 458.38 Varna 2.60 12.52 459.85 2.55 12.47 458.01 Trenton N/A 2.55 12.47 458.01 Winchester N/A 2.72 12.64 464.26 North Gower 2.70 12.62 463.52 2.73 12.65 464.62 Vankleek Hil N/A 2.65 12.57 461.68 Huron FOB 2.85 12.77 469.03 2.72 12.64 464.26 Kent FOB 2.55 12.47 458.01 2.60 12.52 459.85 Lambton FOB 2.69 12.61 463.15 2.63 12.55 460.95 Mdsx FOB 2.80 2.76 2.89 N/A 12.72 467.20 2.76 12.68 465.73 PROCESSORS Windsor N/A 2.96 12.88 473.08 TRANSFER Hamilton 2.95 12.87 472.71 3.05 12.97 476.38 Prescott N/A 3.00 12.92 474.55 Port Colborn3.08 13.00 477.48 3.15 13.07 480.06 Toledo El. -0.07 9.85 361.89 -0.26 9.65 354.63 Exchange rate was 1.318 down 0.0003 Chicago wheat closed moderately lower. DEC20 HI 5.47 JUL21 HI 5.59 3/4 LOW 5.33 3/4 LOW 5.48 1/4 CLOSE 5.38 1/4 Down 7 1/2 CLOSE 5.51 3/4 Down 7 1/4 Minni wheat closed slightly to moderately lower. DEC20 HI 5.34 SEP21 HI 5.69 LOW 5.22 1/2 LOW 5.63 CLOSE 5.24 1/4 Down 6 1/4 CLOSE 5.63 1/4 Down 3 1/4 GFO Cash Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.51 1.71 1.38 1.21 CAD $/bu 6.90 7.09 6.76 6.45 CAD $/tonne 253.41 260.67 248.57 236.94 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 0.95 N/A N/A N/A 1.00 N/A London 1.04 1.11 0.91 N/A 1.41 1.41 1.02 N/A Hensall 1.20 N/A 0.95 N/A 1.30 N/A 1.05 N/A Trenton N/A N/A 0.95 N/A N/A N/A 1.00 N/A Bruce 1.00 1.15 0.95 0.95 1.10 1.25 1.00 N/A Essex N/A N/A 0.95 N/A N/A N/A 1.05 N/A Norwich 1.20 N/A 0.95 N/A 1.30 N/A 1.05 N/A Port Hope N/A N/A 0.95 N/A N/A N/A 1.00 N/A Kent Bridge 1.20 N/A 0.95 N/A 1.30 N/A 1.05 N/A Chatham N/A N/A 0.95 N/A N/A N/A 1.05 N/A Brigden N/A N/A 0.95 N/A N/A N/A 1.05 N/A Palmerston N/A 1.35 0.92 1.08 N/A 1.57 1.11 0.73 Varna 1.05 1.25 0.95 N/A 1.25 1.30 1.00 N/A Mitchell 1.20 1.30 0.95 N/A 1.30 1.40 1.05 N/A Thornton N/A N/A N/A 1.05 N/A N/A N/A N/A North Gower N/A 1.40 1.25 1.00 N/A 1.68 1.41 0.88 W O Feed 1.53 TERMINAL Port Colbor N/A N/A 1.37 N/A N/A N/A 1.41 N/A PROCESSORS Toledo FM N/A N/A 1.71 N/A N/A N/A 1.89 N/A Toledo El. 5.28US 6.96CA 5.47US 7.21CA GFO Contract Wheat Prices - DEL Terminal Harvest 21 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.62 1.76 1.43 1.00 CAD $/bu 7.14 7.27 6.94 6.63 CAD $/tonne 262.44 267.28 255.17 243.79 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 474.33 DDG's FOB Srn & Aylm 240.00