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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, December 7

7 Dec 2021
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, December 7 Exchange rate was 1.2655 down 0.0111 Chicago soybeans closed mixed. JAN22 HI 12.68 1/2 NOV22 HI 12.40 1/2 LOW 12.43 LOW 12.26 3/4 CLOSE12.50 1/4 Down 11 1/4 CLOSE 12.31 3/4 Down 1 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JAN22+MAR22+MAR22 CK Low 2.90 15.40 565.94 2.55 14.87 546.29 CK High 3.05 15.55 571.46 2.70 15.02 551.80 CK Average 2.98 -0.26 15.49 569.04 2.61 -0.52 14.92 548.39 Essex Cty 3.00 15.50 569.62 2.60 14.92 548.12 Mdsx Low 2.98 15.48 568.88 2.59 14.91 547.76 Mdsx High 2.98 15.48 568.88 2.59 14.91 547.76 Mdsx Average2.98 -0.27 15.48 568.88 2.59 -0.54 14.91 547.76 Hensall 3.03 15.54 570.84 2.63 14.95 549.35 Bruce 3.05 15.55 571.46 2.65 14.97 549.96 Putnam 3.00 15.50 569.62 2.60 14.92 548.12 Burford 3.05 15.55 571.46 2.66 14.98 550.33 Port Perry 2.93 15.43 567.05 2.54 14.86 545.92 Norfolk 3.00 15.50 569.62 2.60 14.92 548.12 Palmerston 2.95 15.45 567.78 2.63 14.95 549.23 Varna 3.05 15.55 571.46 2.65 14.97 549.96 Trenton 2.90 15.40 565.94 2.65 14.97 549.96 Winchester 2.91 15.41 566.31 2.68 15.00 551.06 North Gower 2.95 15.45 567.78 2.90 15.22 559.15 Vankleek Hil2.89 15.39 565.58 2.71 15.03 552.17 Huron FOB 3.18 3.25 3.31 3.33 15.68 576.23 N/A Kent FOB 3.30 15.80 580.64 2.60 14.92 548.12 Lambton FOB 3.20 15.70 576.97 2.65 14.97 549.96 Mdsx FOB 3.23 3.30 3.25 3.25 15.73 578.07 2.71 15.03 552.17 PROCESSORS Windsor 3.78 16.28 598.28 N/A TRANSFER Hamilton 3.65 16.15 593.50 3.00 15.32 562.82 Prescott 3.14 15.64 574.76 3.12 15.44 567.23 Port Colborn3.39 15.89 583.95 3.13 15.45 567.60 Toledo El. -0.25 12.25 450.09 -0.51 11.81 433.99 Exchange rate was 1.2655 down 0.0111 Chicago wheat closed slightly higher. MAR22 HI 8.13 1/2 JUL22 HI 8.05 1/2 LOW 7.97 1/2 LOW 7.91 3/4 CLOSE 8.08 1/2 Up 2 1/4 CLOSE 8.01 1/2 Up 2 3/4 Minni wheat closed slightly to moderately higher. MAR22 HI 10.38 3/4 SEP22 HI 9.22 1/2 LOW 10.23 1/4 LOW 9.12 1/4 CLOSE 10.36 1/2 Up 8 3/4 CLOSE 9.20 Up 3 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 1.10 N/A N/A N/A 1.70 N/A London 1.12 1.50 1.06 N/A 1.68 1.68 1.49 N/A Hensall 1.10 N/A 1.10 N/A 2.30 N/A 1.70 N/A Trenton N/A N/A N/A N/A N/A N/A 1.70 N/A Bruce 1.00 1.25 1.00 N/A 2.05 1.85 1.70 1.30 Essex N/A N/A 1.10 N/A N/A N/A 1.60 N/A Norwich 1.10 N/A 1.10 N/A 2.30 N/A 1.70 N/A Port Hope N/A N/A 1.10 N/A N/A N/A 1.70 N/A Kent Bridge 1.10 N/A 1.10 N/A 2.30 N/A 1.70 N/A Chatham N/A N/A 1.10 N/A N/A N/A 1.60 N/A Brigden N/A N/A 1.10 N/A N/A N/A 1.60 N/A Palmerston N/A N/A 1.07 1.87 N/A N/A 1.71 1.51 Varna 1.35 1.85 1.10 N/A 2.25 1.90 1.70 N/A Mitchell 1.10 1.65 1.10 N/A 2.30 1.90 1.70 N/A Thornton 1.12 1.50 1.06 1.19 1.68 1.68 1.49 N/A North Gower N/A 0.90 1.30 1.26 N/A N/A 1.61 N/A W O Feed 2.00 TERMINAL Port Colbor N/A N/A 1.64 N/A N/A N/A 1.81 N/A PROCESSORS Toledo FM N/A N/A 2.53 N/A N/A N/A 2.25 N/A Toledo El. 7.94US 10.04CA 7.97US 10.08CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 594.05 DDG's FOB Srn & Aylm 205.00 - 225.00