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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, November 10

10 Nov 2020
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, November 10 Exchange rate was 1.3005 up 0.0022 Chicago soybeans closed slightly higher to higher. JAN21 HI 11.53 1/4 NOV21 HI 10.31 1/4 LOW 11.08 LOW 10.03 3/4 CLOSE11.46 Up 35 1/2 CLOSE 10.24 3/4 Up 17 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JAN21+JAN21+MAR21 CK Low 2.80 14.26 523.97 2.30 12.55 461.04 CK High 2.85 14.31 525.80 2.30 12.55 461.04 CK Average 2.81 -0.48 14.27 524.46 2.30 -0.59 12.55 461.04 Essex Cty 2.75 14.21 522.13 2.30 12.55 461.04 Mdsx Low 2.84 14.30 525.44 2.30 12.55 461.04 Mdsx High 2.85 14.31 525.80 2.31 12.56 461.41 Mdsx Average2.85 -0.46 14.31 525.62 2.31 -0.59 12.55 461.23 Hensall 2.85 14.31 525.80 2.30 12.55 461.04 Bruce 2.85 14.31 525.80 2.30 12.55 461.04 Putnam 2.85 14.31 525.80 2.30 12.55 461.04 Burford 2.91 14.37 528.01 2.38 12.63 463.98 Port Perry 2.83 14.29 525.07 2.30 12.55 461.04 Norfolk 2.85 14.31 525.80 2.30 12.55 461.04 Palmerston 3.06 14.52 533.52 2.47 12.72 467.29 Varna 2.85 14.31 525.80 2.30 12.55 461.04 Trenton 2.80 14.26 523.97 2.30 12.55 461.04 Winchester 2.98 14.44 530.58 2.55 12.80 470.23 North Gower 2.90 14.36 527.64 2.50 12.75 468.39 Vankleek Hil2.87 14.33 526.54 2.54 12.79 469.86 Huron FOB 3.06 3.26 3.01 2.97 14.52 533.52 N/A Kent FOB 2.95 14.41 529.48 2.30 12.55 461.04 Lambton FOB 3.10 14.56 534.99 2.40 12.65 464.72 Mdsx FOB 3.03 3.09 3.09 3.09 14.49 532.42 2.44 12.69 466.19 PROCESSORS Windsor 3.12 14.58 535.72 2.60 12.85 472.06 TRANSFER Hamilton 3.40 14.86 546.01 2.70 12.95 475.74 Prescott 3.14 14.60 536.46 2.80 13.05 479.41 Port Colborn3.44 14.90 547.48 N/A Toledo El. 0.00 11.46 421.08 -0.45 9.79 359.81 Exchange rate was 1.3005 up 0.0022 Chicago wheat closed moderately higher. DEC20 HI 6.13 JUL21 HI 6.15 LOW 5.94 LOW 6.00 1/2 CLOSE 6.08 1/2 Up 11 CLOSE 6.13 3/4 Up 10 3/4 Minni wheat closed moderately higher. DEC20 HI 5.65 SEP21 HI 5.94 LOW 5.52 1/4 LOW 5.82 CLOSE 5.61 1/2 Up 6 3/4 CLOSE 5.93 1/4 Up 10 GFO Cash Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.37 1.57 1.37 1.23 CAD $/bu 7.46 7.65 7.46 6.85 CAD $/tonne 274.04 281.21 274.04 251.58 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 1.10 N/A N/A N/A 1.10 N/A London 1.15 1.21 1.08 N/A 1.36 1.36 1.10 N/A Hensall 1.30 N/A 1.10 N/A 1.35 N/A 1.10 N/A Trenton N/A N/A N/A N/A N/A N/A 1.20 N/A Bruce 1.30 1.30 1.10 1.35 1.30 1.30 1.10 1.25 Essex N/A N/A 1.15 N/A N/A N/A 1.10 N/A Norwich 1.30 N/A 1.10 N/A 1.35 N/A 1.10 N/A Port Hope N/A N/A 1.10 N/A N/A N/A 1.15 N/A Kent Bridge 1.30 N/A 1.10 N/A 1.35 N/A 1.10 N/A Chatham N/A N/A 1.15 N/A N/A N/A 1.10 N/A Brigden N/A N/A 1.15 N/A N/A N/A 1.15 N/A Palmerston N/A 1.24 1.05 1.36 N/A 1.41 1.08 1.19 Varna 1.30 1.30 1.10 N/A 1.30 1.30 1.10 N/A Mitchell 1.30 1.35 1.10 N/A 1.35 1.40 1.10 N/A Thornton N/A N/A N/A 1.43 N/A N/A N/A N/A North Gower N/A 1.25 1.15 0.85 N/A 1.48 1.18 0.80 W O Feed 1.69 TERMINAL Port Colbor N/A N/A 1.55 N/A N/A N/A 1.53 N/A PROCESSORS Toledo FM N/A N/A 1.83 N/A N/A N/A 1.97 N/A Toledo El. 5.89US 7.65CA 6.09US 7.91CA GFO Contract Wheat Prices - DEL Terminal Harvest 21 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.57 1.70 1.40 1.00 CAD $/bu 7.71 7.84 7.54 6.93 CAD $/tonne 283.11 287.89 276.90 254.69 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 639.13 DDG's FOB Srn & Aylm 300.00