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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, September 1

1 Sep 2021
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, September 1 Exchange rate was 1.2618 up 0.0008 Chicago soybeans closed slightly lower. NOV21 HI 12.95 3/4 NOV21 HI 12.95 3/4 LOW 12.70 LOW 12.70 CLOSE12.77 3/4 Down 14 3/4 CLOSE 12.77 3/4 Down 14 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV21+NOV21+JAN22 CK Low 3.20 15.98 587.07 2.66 15.44 567.23 CK High 3.40 16.18 594.42 2.70 15.48 568.70 CK Average 3.27 -0.06 16.04 589.52 2.69 -0.52 15.47 568.46 Essex Cty N/A 2.65 15.43 566.86 Mdsx Low 3.20 15.98 587.07 2.64 15.42 566.50 Mdsx High 3.20 15.98 587.07 2.70 15.48 568.70 Mdsx Average3.20 -0.11 15.98 587.07 2.67 -0.53 15.45 567.60 Hensall 3.33 16.11 591.97 2.70 15.48 568.70 Bruce N/A 2.70 15.48 568.70 Putnam 3.20 15.98 587.07 2.70 15.48 568.70 Burford N/A 2.71 15.49 569.07 Port Perry N/A 2.63 15.41 566.13 Norfolk N/A 2.70 15.48 568.70 Palmerston 3.78 16.56 608.38 2.58 15.36 564.29 Varna 3.40 16.18 594.42 2.70 15.48 568.70 Trenton N/A 2.65 15.43 566.86 Winchester 3.10 15.88 583.40 2.54 15.32 562.82 North Gower 3.20 15.98 587.07 3.00 15.78 579.72 Vankleek Hil2.99 15.77 579.36 2.93 15.71 577.15 Huron FOB N/A N/A N/A 2.89 2.75 15.53 570.54 Kent FOB N/A 2.70 15.48 568.70 Lambton FOB 3.05 15.83 581.56 2.70 15.48 568.70 Mdsx FOB 3.31 N/A N/A N/A 16.09 591.11 2.72 15.50 569.44 PROCESSORS Windsor N/A 2.93 15.71 577.15 TRANSFER Hamilton N/A 3.15 15.93 585.24 Prescott 3.06 15.84 581.93 2.87 15.65 574.95 Port Colborn N/A 3.19 15.97 586.71 Toledo El. 0.00 12.78 469.49 -0.44 12.34 453.27 Exchange rate was 1.2618 up 0.0008 Chicago wheat closed slightly to moderately lower. DEC21 HI 7.29 1/2 JUL22 HI 7.28 LOW 7.09 LOW 7.12 CLOSE 7.14 1/4 Down 8 CLOSE 7.17 1/2 Down 7 Minni wheat closed slightly lower. DEC21 HI 9.10 1/4 SEP22 HI 7.80 LOW 8.90 1/4 LOW 7.72 CLOSE 8.98 3/4 Down 4 3/4 CLOSE 7.78 3/4 Down 1 1/4 Direct MarkHarvest 2021 Harvest 2022 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 0.75 N/A N/A N/A 1.15 N/A London 0.97 1.16 0.78 N/A 1.28 1.21 1.15 N/A Hensall 0.80 N/A 0.80 N/A 1.65 N/A 1.15 N/A Trenton N/A N/A 0.70 N/A N/A N/A 1.15 N/A Bruce 0.80 1.35 0.80 1.25 1.65 1.40 1.15 1.05 Essex N/A N/A 0.55 N/A N/A N/A 1.10 N/A Norwich 0.80 N/A 0.80 N/A 1.65 N/A 1.15 N/A Port Hope N/A N/A 0.75 N/A N/A N/A 1.15 N/A Kent Bridge 0.80 N/A 0.80 N/A 1.65 N/A 1.15 N/A Chatham N/A N/A 0.60 N/A N/A N/A 1.10 N/A Brigden N/A N/A 0.60 N/A N/A N/A 1.10 N/A Palmerston N/A 1.26 0.63 1.46 N/A N/A 1.08 1.53 Varna 1.15 1.45 0.80 N/A 1.35 1.40 1.15 N/A Mitchell 0.80 1.35 0.80 N/A 1.65 1.40 1.15 N/A Thornton 0.97 1.16 0.78 1.34 1.28 1.21 1.15 N/A North Gower N/A 0.72 0.82 1.12 N/A N/A N/A N/A W O Feed 1.23 TERMINAL Port Colbor N/A N/A 1.36 N/A N/A N/A 1.48 N/A PROCESSORS Toledo FM N/A N/A 1.74 N/A N/A N/A 2.00 N/A Toledo El. 6.94US 8.76CA 7.13US 8.99CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 510.05 DDG's FOB Srn & Aylm 285.00