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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, October 30

30 Oct 2020
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, October 30 Exchange rate was 1.3327 down 0.0002 Chicago soybeans closed slightly higher. JAN21 HI 10.62 3/4 NOV21 HI 9.75 1/4 LOW 10.46 3/4 LOW 9.63 1/4 CLOSE10.56 1/4 Up 5 3/4 CLOSE 9.71 Up 5 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JAN21+JAN21+MAR21 CK Low 2.95 13.51 496.50 2.50 12.21 448.64 CK High 3.00 13.56 498.34 2.55 12.26 450.48 CK Average 2.98 -0.40 13.54 497.42 2.53 -0.52 12.24 449.87 Essex Cty 2.90 13.46 494.66 2.55 12.26 450.48 Mdsx Low 2.96 13.52 496.87 2.51 12.22 449.01 Mdsx High 3.05 13.61 500.17 2.55 12.26 450.48 Mdsx Average3.01 -0.38 13.57 498.52 2.53 -0.53 12.24 449.74 Hensall 3.05 13.61 500.17 2.52 12.23 449.25 Bruce 3.00 13.56 498.34 2.50 12.21 448.64 Putnam 3.05 13.61 500.17 2.55 12.26 450.48 Burford 3.03 13.59 499.44 2.58 12.29 451.58 Port Perry 2.95 13.51 496.50 2.50 12.21 448.64 Norfolk 3.05 13.61 500.17 2.55 12.26 450.48 Palmerston 2.98 13.54 497.60 2.62 12.33 453.05 Varna 3.00 13.56 498.34 2.50 12.21 448.64 Trenton 3.00 13.56 498.34 2.50 12.21 448.64 Winchester 3.10 13.66 502.01 2.64 12.35 453.78 North Gower 3.00 13.56 498.34 2.60 12.31 452.32 Vankleek Hil2.98 13.54 497.60 2.68 12.39 455.25 Huron FOB 3.10 3.30 3.05 N/A 13.66 502.01 N/A Kent FOB 3.20 13.76 505.69 2.55 12.26 450.48 Lambton FOB 3.25 13.81 507.52 2.55 12.26 450.48 Mdsx FOB 3.29 3.29 3.10 N/A 13.85 508.99 2.66 12.37 454.52 PROCESSORS Windsor 3.15 13.71 503.85 2.72 12.43 456.72 TRANSFER Hamilton 3.55 14.11 518.55 2.95 12.66 465.18 Prescott 3.24 13.80 507.16 2.94 12.65 464.81 Port Colborn3.57 14.13 519.28 N/A Toledo El. 0.00 10.56 388.11 -0.47 9.24 339.64 Exchange rate was 1.3327 down 0.0002 Chicago wheat closed slightly lower to steady. DEC20 HI 6.07 1/4 JUL21 HI 5.97 1/2 LOW 5.95 1/4 LOW 5.89 1/4 CLOSE 5.98 1/2 Down 5 1/4 CLOSE 5.92 1/2 Down 1/2 Minni wheat closed slightly lower to steady. DEC20 HI 5.57 SEP21 HI 5.80 LOW 5.47 1/2 LOW 5.73 CLOSE 5.52 1/4 Unchanged CLOSE 5.75 1/2 Down 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.52 1.72 1.52 1.37 CAD $/bu 7.51 7.71 7.51 6.89 CAD $/tonne 275.94 283.28 275.94 253.29 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 1.39 1.13 N/A 1.56 1.56 1.16 N/A Hensall 1.35 N/A 1.15 N/A 1.40 N/A 1.15 N/A Trenton N/A N/A N/A N/A N/A N/A 1.20 N/A Bruce 1.35 1.35 1.15 1.40 1.30 1.35 1.15 1.25 Essex N/A N/A 1.20 N/A N/A N/A 1.15 N/A Norwich 1.35 N/A 1.15 N/A 1.40 N/A 1.15 N/A Port Hope N/A N/A 1.15 N/A N/A N/A 1.15 N/A Kent Bridge 1.35 N/A 1.15 N/A 1.40 N/A 1.15 N/A Chatham N/A N/A 1.20 N/A N/A N/A 1.15 N/A Brigden N/A N/A 1.20 N/A N/A N/A 1.20 N/A Palmerston N/A 1.39 1.12 1.24 N/A 1.52 1.19 0.98 Varna 1.35 1.35 1.15 N/A 1.35 1.35 1.15 N/A Mitchell 1.35 1.40 1.15 N/A 1.40 1.45 1.15 N/A Thornton N/A N/A N/A 1.60 N/A N/A N/A N/A North Gower N/A 1.35 1.20 0.90 N/A 1.62 1.32 0.90 W O Feed 1.83 TERMINAL Port Colbor N/A N/A 1.72 N/A N/A N/A 1.60 N/A PROCESSORS Toledo FM N/A N/A 1.99 N/A N/A N/A 2.10 N/A Toledo El. 5.79US 7.71CA 5.88US 7.83CA GFO Contract Wheat Prices - DEL Terminal Harvest 21 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.69 1.82 1.52 1.11 CAD $/bu 7.62 7.75 7.44 6.87 CAD $/tonne 279.84 284.73 273.47 252.42 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 590.41 DDG's FOB Srn & Aylm 275.00 - 285.00