News & Resources

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, October 21

21 Oct 2021
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, October 21 Exchange rate was 1.2378 up 0.0064 Chicago soybeans closed slightly to moderately lower. NOV21 HI 12.49 1/2 NOV22 HI 12.50 LOW 12.22 LOW 12.27 1/2 CLOSE12.24 Down 21 1/2 CLOSE 12.29 3/4 Down 19 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV21+JAN22+JAN22 CK Low 2.40 14.64 537.93 2.15 14.45 530.85 CK High 2.55 14.79 543.44 2.30 14.60 536.37 CK Average 2.48 -0.35 14.72 540.81 2.21 -0.57 14.51 533.22 Essex Cty 2.40 14.64 537.93 2.15 14.45 530.85 Mdsx Low 2.50 14.74 541.60 2.20 14.50 532.69 Mdsx High 2.59 14.83 544.91 2.29 14.59 536.00 Mdsx Average2.55 -0.30 14.79 543.26 2.25 -0.55 14.54 534.35 Hensall 2.53 14.77 542.83 2.23 14.53 533.92 Bruce 2.50 14.74 541.60 2.25 14.55 534.53 Putnam 2.50 14.74 541.60 2.20 14.50 532.69 Burford 2.66 14.90 547.48 2.36 14.66 538.57 Port Perry 2.54 14.78 543.07 2.24 14.54 534.16 Norfolk 2.55 14.79 543.44 2.20 14.50 532.69 Palmerston 2.48 14.72 540.87 2.22 14.52 533.43 Varna 2.55 14.79 543.44 2.25 14.55 534.53 Trenton 2.50 14.74 541.60 2.20 14.50 532.69 Winchester 2.55 14.79 543.44 2.20 14.50 532.69 North Gower 2.55 14.79 543.44 2.40 14.70 540.04 Vankleek Hil2.57 14.81 544.17 2.45 14.75 541.88 Huron FOB 2.60 2.93 2.89 2.91 14.84 545.28 N/A Kent FOB 2.60 14.84 545.28 2.20 14.50 532.69 Lambton FOB 2.65 14.89 547.11 2.25 14.55 534.53 Mdsx FOB 2.84 2.90 2.80 2.62 15.08 554.10 2.29 14.59 536.00 PROCESSORS Windsor 3.07 15.31 562.55 2.48 14.78 542.98 TRANSFER Hamilton 3.10 15.34 563.65 2.60 14.90 547.39 Prescott 3.05 15.29 561.81 2.56 14.86 545.92 Port Colborn3.25 15.49 569.16 2.64 14.94 548.86 Toledo El. -0.25 11.99 440.65 -0.50 11.80 433.66 Exchange rate was 1.2378 up 0.0064 Chicago wheat closed slightly lower. DEC21 HI 7.52 1/2 JUL22 HI 7.54 1/4 LOW 7.38 1/4 LOW 7.41 1/4 CLOSE 7.41 1/4 Down 8 CLOSE 7.46 3/4 Down 6 Minni wheat closed slightly to moderately lower. DEC21 HI 9.96 3/4 SEP22 HI 8.42 LOW 9.78 1/2 LOW 8.26 1/2 CLOSE 9.85 1/4 Down 4 1/2 CLOSE 8.28 3/4 Down 11 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 0.73 1.10 0.73 N/A 1.29 1.29 1.11 N/A Hensall 0.75 N/A 0.75 N/A 1.70 N/A 1.10 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 1.10 N/A Norwich 0.75 N/A 0.75 N/A 1.70 N/A 1.10 N/A Port Hope N/A N/A 0.80 N/A N/A N/A 1.15 N/A Kent Bridge 0.75 N/A 0.75 N/A 1.70 N/A 1.10 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 0.75 1.30 0.75 N/A 1.70 1.45 1.10 N/A Thornton 0.73 1.10 0.73 0.58 1.29 1.29 1.11 N/A North Gower N/A 0.55 0.95 1.02 N/A N/A 1.11 N/A W O Feed 1.35 TERMINAL Port Colbor N/A N/A 1.24 N/A N/A N/A 1.43 N/A PROCESSORS Toledo FM N/A N/A 1.76 N/A N/A N/A 1.90 N/A Toledo El. 7.26US 8.99CA 7.42US 9.18CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 494.95 DDG's FOB Srn & Aylm 280.00