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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, October 22

22 Oct 2021
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, October 22 Exchange rate was 1.2364 down 0.0014 Chicago soybeans closed slightly lower. NOV21 HI 12.30 1/2 NOV22 HI 12.32 3/4 LOW 12.17 LOW 12.21 1/2 CLOSE12.20 1/2 Down 3 1/2 CLOSE 12.23 3/4 Down 6 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 14.61 536.64 2.15 14.39 528.65 CK High 2.52 14.73 541.05 2.30 14.54 534.16 CK Average 2.49 -0.32 14.69 539.90 2.21 -0.55 14.45 530.85 Essex Cty 2.40 14.61 536.64 2.15 14.39 528.65 Mdsx Low 2.55 14.76 542.15 2.20 14.44 530.49 Mdsx High 2.56 14.77 542.52 2.26 14.50 532.69 Mdsx Average2.56 -0.27 14.76 542.34 2.23 -0.54 14.47 531.59 Hensall 2.55 14.76 542.15 2.23 14.47 531.71 Bruce 2.50 14.71 540.32 2.25 14.49 532.32 Putnam 2.55 14.76 542.15 2.20 14.44 530.49 Burford 2.63 14.84 545.09 2.33 14.57 535.26 Port Perry 2.51 14.72 540.68 2.21 14.45 530.85 Norfolk 2.55 14.76 542.15 2.20 14.44 530.49 Palmerston 2.46 14.67 538.85 2.26 14.50 532.69 Varna 2.55 14.76 542.15 2.25 14.49 532.32 Trenton 2.50 14.71 540.32 2.20 14.44 530.49 Winchester 2.50 14.71 540.32 2.15 14.39 528.65 North Gower 2.55 14.76 542.15 2.40 14.64 537.84 Vankleek Hil2.55 14.76 542.15 2.43 14.67 538.94 Huron FOB 2.60 2.92 2.89 2.91 14.81 543.99 N/A Kent FOB 2.60 14.81 543.99 2.20 14.44 530.49 Lambton FOB 2.65 14.86 545.83 2.25 14.49 532.32 Mdsx FOB 2.75 2.88 2.77 2.59 14.96 549.50 2.20 14.44 530.49 PROCESSORS Windsor 3.07 15.28 561.26 2.47 14.71 540.41 TRANSFER Hamilton 3.05 15.26 560.53 2.60 14.84 545.18 Prescott 3.02 15.23 559.42 2.54 14.78 542.98 Port Colborn3.22 15.43 566.77 2.61 14.85 545.55 Toledo El. -0.25 11.96 439.37 -0.49 11.74 431.48 Exchange rate was 1.2364 down 0.0014 Chicago wheat closed slightly to moderately higher. DEC21 HI 7.59 1/2 JUL22 HI 7.60 LOW 7.43 1/2 LOW 7.47 1/2 CLOSE 7.56 Up 14 3/4 CLOSE 7.56 1/2 Up 9 3/4 Minni wheat closed slightly higher to higher. DEC21 HI 10.18 SEP22 HI 8.42 1/2 LOW 9.85 1/2 LOW 8.28 3/4 CLOSE 10.13 Up 27 3/4 CLOSE 8.37 Up 8 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 0.74 1.11 0.74 N/A 1.30 1.30 1.12 N/A Hensall 0.75 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 1.10 N/A Norwich 0.75 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 0.75 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 1.14 1.38 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 1.15 N/A Thornton 0.74 1.11 0.74 0.46 1.30 1.30 1.12 N/A North Gower N/A 0.55 0.95 1.02 N/A N/A 1.11 N/A W O Feed 1.42 TERMINAL Port Colbor N/A N/A 1.25 N/A N/A N/A 1.44 N/A PROCESSORS Toledo FM N/A N/A 1.79 N/A N/A N/A 1.91 N/A Toledo El. 7.41US 9.16CA 7.52US 9.29CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 498.69 DDG's FOB Srn & Aylm 280.00 - 285.00