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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, November 24

24 Nov 2021
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, November 24 Exchange rate was 1.267 down 0.0012 Chicago soybeans closed slightly lower. JAN22 HI 12.81 NOV22 HI 12.59 1/4 LOW 12.63 1/4 LOW 12.46 1/4 CLOSE12.66 1/2 Down 6 1/2 CLOSE 12.49 3/4 Down 3 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JAN22+JAN22+MAR22 CK Low 2.95 15.62 573.75 2.55 15.05 552.90 CK High 3.00 15.67 575.59 2.70 15.20 558.41 CK Average 2.98 -0.31 15.65 575.01 2.62 -0.57 15.12 555.47 Essex Cty 3.00 15.67 575.59 2.55 15.05 552.90 Mdsx Low 2.95 15.62 573.75 2.63 15.13 555.84 Mdsx High 3.03 15.70 576.69 2.65 15.15 556.58 Mdsx Average2.99 -0.31 15.66 575.22 2.64 -0.55 15.14 556.21 Hensall 2.98 15.65 574.98 2.62 15.11 555.35 Bruce 2.95 15.62 573.75 2.65 15.15 556.58 Putnam 2.95 15.62 573.75 2.65 15.15 556.58 Burford 3.10 15.77 579.26 2.70 15.20 558.41 Port Perry 2.98 15.65 574.86 2.58 15.08 554.00 Norfolk 3.00 15.67 575.59 2.60 15.10 554.74 Palmerston 2.93 15.60 573.02 2.48 14.98 550.33 Varna 3.00 15.67 575.59 2.60 15.10 554.74 Trenton 2.95 15.62 573.75 2.65 15.15 556.58 Winchester 3.00 15.67 575.59 2.65 15.15 556.58 North Gower 2.87 15.54 570.81 2.72 15.22 559.15 Vankleek Hil3.13 15.80 580.37 2.82 15.32 562.82 Huron FOB 3.23 3.29 3.35 3.42 15.90 584.04 N/A Kent FOB 3.30 15.97 586.61 2.60 15.10 554.74 Lambton FOB 3.20 15.87 582.94 2.75 15.25 560.25 Mdsx FOB 3.10 3.28 3.35 3.31 15.77 579.26 2.78 15.28 561.35 PROCESSORS Windsor 3.69 16.36 600.94 2.89 15.39 565.39 TRANSFER Hamilton 3.60 16.27 597.64 3.00 15.50 569.44 Prescott 3.45 16.12 592.12 3.14 15.64 574.58 Port Colborn3.38 16.05 589.55 3.19 15.69 576.42 Toledo El. -0.25 12.41 456.05 -0.51 11.99 440.58 Exchange rate was 1.267 down 0.0012 Chicago wheat closed moderately lower to lower. DEC21 HI 8.63 1/4 JUL22 HI 8.63 LOW 8.33 1/2 LOW 8.38 1/2 CLOSE 8.36 3/4 Down 19 1/4 CLOSE 8.43 1/4 Down 15 Minni wheat closed narrowly mixed. DEC21 HI 10.47 3/4 SEP22 HI 9.49 1/4 LOW 10.27 1/2 LOW 9.38 1/4 CLOSE 10.36 3/4 Down 1 1/2 CLOSE 9.44 1/4 Up 1 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 1.20 N/A N/A N/A 1.65 N/A London 1.28 1.66 1.21 N/A 1.85 1.85 1.65 N/A Hensall 1.20 N/A 1.20 N/A 2.25 N/A 1.65 N/A Trenton N/A N/A N/A N/A N/A N/A 1.65 N/A Bruce 1.00 N/A 1.00 N/A 2.00 1.85 1.65 1.30 Essex N/A N/A 1.20 N/A N/A N/A 1.65 N/A Norwich 1.20 N/A 1.20 N/A 2.25 N/A 1.65 N/A Port Hope N/A N/A 1.20 N/A N/A N/A 1.65 N/A Kent Bridge 1.20 N/A 1.20 N/A 2.25 N/A 1.65 N/A Chatham N/A N/A 1.20 N/A N/A N/A 1.70 N/A Brigden N/A N/A 1.20 N/A N/A N/A 1.70 N/A Palmerston N/A N/A 1.21 1.88 N/A N/A 1.62 1.83 Varna 1.45 1.95 1.20 N/A 2.25 1.85 1.70 N/A Mitchell 1.20 1.75 1.20 N/A 2.25 1.90 1.65 N/A Thornton 1.28 1.66 1.21 1.63 1.85 1.85 1.65 N/A North Gower N/A 0.85 1.25 1.17 N/A N/A 1.36 N/A W O Feed 2.18 TERMINAL Port Colbor N/A N/A 1.79 N/A N/A N/A 1.98 N/A PROCESSORS Toledo FM N/A N/A 2.61 N/A N/A N/A 2.38 N/A Toledo El. 8.22US 10.41CA 8.38US 10.62CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 598.12 DDG's FOB Srn & Aylm 220.00 - 230.00