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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, October 18

18 Oct 2021
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, October 18 Exchange rate was 1.2381 down 0.0008 Chicago soybeans closed slightly higher. NOV21 HI 12.25 1/4 NOV22 HI 12.27 1/2 LOW 12.10 LOW 12.12 1/4 CLOSE12.21 1/2 Up 3 3/4 CLOSE 12.24 1/2 Up 2 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV21+JAN22+JAN22 CK Low 2.35 14.57 535.17 2.15 14.40 528.93 CK High 2.55 14.77 542.52 2.30 14.55 534.44 CK Average 2.43 -0.39 14.64 538.06 2.21 -0.57 14.46 531.29 Essex Cty 2.35 14.57 535.17 2.15 14.40 528.93 Mdsx Low 2.45 14.67 538.85 2.20 14.45 530.76 Mdsx High 2.49 14.71 540.32 2.29 14.54 534.07 Mdsx Average2.47 -0.35 14.69 539.58 2.25 -0.54 14.49 532.42 Hensall 2.48 14.70 540.07 2.23 14.48 531.99 Bruce 2.40 14.62 537.01 2.20 14.45 530.76 Putnam 2.45 14.67 538.85 2.20 14.45 530.76 Burford 2.56 14.78 542.89 2.36 14.61 536.64 Port Perry 2.45 14.67 538.85 2.25 14.50 532.60 Norfolk 2.50 14.72 540.68 2.20 14.45 530.76 Palmerston 2.47 14.69 539.58 2.20 14.45 530.76 Varna 2.50 14.72 540.68 2.25 14.50 532.60 Trenton 2.45 14.67 538.85 2.20 14.45 530.76 Winchester 2.65 14.87 546.20 2.40 14.65 538.11 North Gower 2.60 14.82 544.36 2.40 14.65 538.11 Vankleek Hil2.78 15.00 550.97 2.47 14.72 540.68 Huron FOB 2.55 2.81 2.79 2.58 14.77 542.52 N/A Kent FOB 2.55 14.77 542.52 2.20 14.45 530.76 Lambton FOB 2.70 14.92 548.03 2.30 14.55 534.44 Mdsx FOB 2.73 2.79 2.74 2.37 14.95 549.13 2.29 14.54 534.07 PROCESSORS Windsor 2.82 15.04 552.44 2.47 14.72 540.68 TRANSFER Hamilton 3.10 15.32 562.73 2.60 14.85 545.46 Prescott 2.78 15.00 550.97 2.58 14.83 544.73 Port Colborn3.19 15.41 566.04 2.64 14.89 546.93 Toledo El. -0.25 11.97 439.73 -0.50 11.75 431.73 Exchange rate was 1.2381 down 0.0008 Chicago wheat closed narrowly mixed. DEC21 HI 7.38 3/4 JUL22 HI 7.42 1/2 LOW 7.28 1/2 LOW 7.33 1/2 CLOSE 7.36 1/4 Up 2 1/4 CLOSE 7.40 Up 1 3/4 Minni wheat closed narrowly mixed. DEC21 HI 9.72 SEP22 HI 8.30 LOW 9.63 LOW 8.25 1/4 CLOSE 9.67 3/4 Down 1 CLOSE 8.29 1/4 Up 1 1/2 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 0.74 1.11 0.67 N/A 1.18 1.24 1.05 N/A Hensall 0.80 N/A 0.75 N/A 1.70 N/A 1.15 N/A Trenton N/A N/A N/A N/A N/A N/A 1.15 N/A Bruce 0.80 N/A 0.75 N/A 1.70 1.45 1.15 1.05 Essex N/A N/A 0.75 N/A N/A N/A 1.15 N/A Norwich 0.80 N/A 0.75 N/A 1.70 N/A 1.15 N/A Port Hope N/A N/A 0.80 N/A N/A N/A 1.15 N/A Kent Bridge 0.80 N/A 0.75 N/A 1.70 N/A 1.15 N/A Chatham N/A N/A 0.75 N/A N/A N/A 1.15 N/A Brigden N/A N/A 0.75 N/A N/A N/A 1.15 N/A Palmerston N/A N/A N/A N/A N/A N/A 1.11 1.36 Varna 1.00 1.60 0.75 N/A 1.45 1.50 1.15 N/A Mitchell 0.80 1.35 0.75 N/A 1.70 1.45 1.15 N/A Thornton 0.74 1.10 0.67 0.72 1.18 1.24 1.05 N/A North Gower N/A 0.55 0.95 1.02 N/A N/A 1.12 N/A W O Feed 1.30 TERMINAL Port Colbor N/A N/A 1.24 N/A N/A N/A 1.38 N/A PROCESSORS Toledo FM N/A N/A 1.75 N/A N/A N/A 1.89 N/A Toledo El. 7.21US 8.93CA 7.35US 9.10CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 486.02 DDG's FOB Srn & Aylm 280.00