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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, October 25

25 Oct 2021
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, October 25 Exchange rate was 1.2388 up 0.0024 Chicago soybeans closed slightly to moderately higher. NOV21 HI 12.38 1/4 NOV22 HI 12.36 LOW 12.16 LOW 12.18 1/2 CLOSE12.37 1/4 Up 16 3/4 CLOSE 12.34 Up 10 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 2.50 14.87 546.47 2.15 14.49 532.42 CK High 2.58 14.95 549.41 2.27 14.61 536.83 CK Average 2.53 -0.34 14.91 547.68 2.22 -0.59 14.56 534.88 Essex Cty 2.50 14.87 546.47 2.15 14.49 532.42 Mdsx Low 2.55 14.92 548.31 2.20 14.54 534.25 Mdsx High 2.62 14.99 550.88 2.31 14.65 538.30 Mdsx Average2.59 -0.30 14.96 549.59 2.26 -0.56 14.60 536.27 Hensall 2.58 14.96 549.53 2.23 14.57 535.48 Bruce 2.55 14.92 548.31 2.25 14.59 536.09 Putnam 2.55 14.92 548.31 2.20 14.54 534.25 Burford 2.69 15.06 553.45 2.38 14.72 540.87 Port Perry 2.57 14.94 549.04 2.26 14.60 536.46 Norfolk 2.60 14.97 550.15 2.20 14.54 534.25 Palmerston 2.51 14.88 546.84 2.30 14.64 537.93 Varna 2.60 14.97 550.15 2.25 14.59 536.09 Trenton 2.55 14.92 548.31 2.25 14.59 536.09 Winchester 2.55 14.92 548.31 2.20 14.54 534.25 North Gower 2.55 14.92 548.31 2.40 14.74 541.60 Vankleek Hil2.60 14.97 550.15 2.48 14.82 544.54 Huron FOB 2.65 2.97 2.94 2.96 15.02 551.98 N/A Kent FOB 2.65 15.02 551.98 2.20 14.54 534.25 Lambton FOB 2.80 15.17 557.49 2.30 14.64 537.93 Mdsx FOB 2.81 2.94 2.90 2.65 15.18 557.86 2.25 14.59 536.09 PROCESSORS Windsor 3.12 15.49 569.25 2.51 14.85 545.64 TRANSFER Hamilton 3.20 15.57 572.19 2.65 14.99 550.79 Prescott 2.93 15.30 562.27 2.67 15.01 551.52 Port Colborn3.29 15.66 575.50 2.66 15.00 551.16 Toledo El. -0.25 12.12 445.51 -0.50 11.84 435.21 Exchange rate was 1.2388 up 0.0024 Chicago wheat closed slightly higher. DEC21 HI 7.67 JUL22 HI 7.64 LOW 7.53 1/4 LOW 7.53 3/4 CLOSE 7.59 1/2 Up 3 1/2 CLOSE 7.63 1/4 Up 6 3/4 Minni wheat closed slightly to moderately higher. DEC21 HI 10.31 SEP22 HI 8.48 LOW 10.09 LOW 8.34 1/2 CLOSE 10.27 Up 14 CLOSE 8.44 1/4 Up 7 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 0.80 1.17 0.80 N/A 1.36 1.36 1.17 N/A Hensall 0.75 N/A 0.75 N/A 1.80 N/A 1.25 N/A Trenton N/A N/A N/A N/A N/A N/A 1.15 N/A Bruce 0.75 N/A 0.75 N/A 1.70 1.45 1.15 1.05 Essex N/A N/A 0.80 N/A N/A N/A 1.15 N/A Norwich 0.75 N/A 0.75 N/A 1.80 N/A 1.25 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 1.80 N/A 1.25 N/A Chatham N/A N/A 0.80 N/A N/A N/A 1.20 N/A Brigden N/A N/A 0.80 N/A N/A N/A 1.20 N/A Palmerston N/A N/A N/A N/A N/A N/A 1.16 1.41 Varna 1.00 1.50 0.75 N/A 1.45 1.50 1.15 N/A Mitchell 0.75 1.30 0.75 N/A 1.80 1.55 1.25 N/A Thornton 0.80 1.17 0.80 0.41 1.36 1.36 1.17 N/A North Gower N/A 0.55 0.95 1.02 N/A N/A 1.11 N/A W O Feed 1.44 TERMINAL Port Colbor N/A N/A 1.31 N/A N/A N/A 1.49 N/A PROCESSORS Toledo FM N/A N/A 1.94 N/A N/A N/A 1.95 N/A Toledo El. 7.45US 9.22CA 7.58US 9.39CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 498.47 DDG's FOB Srn & Aylm 285.00