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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, March 3

3 Mar 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, March 3 Exchange rate was 1.2685 up 0.0031 Chicago soybeans closed mixed. MAY22 HI 16.99 NOV22 HI 14.83 1/2 LOW 16.65 1/2 LOW 14.50 CLOSE16.67 3/4 Up 4 3/4 CLOSE 14.54 Up 1 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAY22+MAY22+JUL22 CK Low 3.82 20.50 753.15 3.15 17.69 650.00 CK High 4.05 20.73 761.61 3.25 17.79 653.67 CK Average 3.92 -0.44 20.60 756.99 3.20 -0.56 17.74 651.78 Essex Cty 3.90 20.58 756.09 3.15 17.69 650.00 Mdsx Low 3.81 20.49 752.79 3.18 17.72 651.10 Mdsx High 3.90 20.58 756.09 3.20 17.74 651.83 Mdsx Average3.86 -0.49 20.53 754.44 3.19 -0.56 17.73 651.59 Hensall 3.98 20.66 759.16 3.23 17.77 653.06 Bruce 3.95 20.63 757.93 3.20 17.74 651.83 Putnam 3.95 20.63 757.93 3.20 17.74 651.83 Burford 3.88 20.56 755.36 3.25 17.79 653.67 Port Perry 3.78 20.46 751.68 3.15 17.69 650.00 Norfolk 3.90 20.58 756.09 3.20 17.74 651.83 Palmerston 3.99 20.67 759.40 3.16 17.70 650.36 Varna 4.00 20.68 759.77 3.25 17.79 653.67 Trenton 4.00 20.68 759.77 3.25 17.79 653.67 Winchester 4.13 20.81 764.54 3.35 17.89 657.34 North Gower 3.95 20.63 757.93 3.25 17.79 653.67 Vankleek Hil4.21 20.89 767.48 3.26 17.80 654.04 Huron FOB 3.90 4.02 4.09 4.21 20.58 756.09 N/A Kent FOB 4.05 20.73 761.61 3.20 17.74 651.83 Lambton FOB 3.90 20.58 756.09 3.25 17.79 653.67 Mdsx FOB 3.97 4.09 N/A N/A 20.65 758.67 3.34 17.88 656.98 PROCESSORS Windsor N/A 3.58 18.12 665.80 TRANSFER Hamilton 4.30 20.98 770.79 3.70 18.24 670.21 Prescott N/A 3.64 18.18 668.00 Port Colborn4.25 20.93 768.95 3.75 18.29 672.04 Toledo El. -0.32 16.36 601.14 -0.44 14.10 517.94 Exchange rate was 1.2685 up 0.0031 Chicago wheat closed sharply higher to limit up. MAY22 HI 11.34 JUL22 HI 11.16 1/4 LOW 10.70 LOW 10.43 3/4 CLOSE 11.34 Up 75 CLOSE 11.16 1/4 Up 75 Minni wheat closed higher to limit up. MAY22 HI 11.18 1/4 SEP22 HI 10.56 1/2 LOW 10.52 1/4 LOW 9.72 CLOSE 11.18 1/4 Up 60 CLOSE 10.24 3/4 Up 28 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 N/A N/A N/A N/A 0.54 N/A London 1.97 2.03 1.40 N/A 2.47 1.58 0.38 N/A Hensall 1.30 N/A 1.30 N/A 1.54 N/A 0.54 N/A Trenton N/A N/A N/A N/A N/A N/A 0.39 N/A Bruce 1.20 1.85 1.20 N/A 1.34 0.84 0.54 1.50 Essex N/A N/A 1.30 N/A N/A N/A 0.30 N/A Norwich 1.30 N/A 1.30 N/A 1.54 N/A 0.54 N/A Port Hope N/A N/A 1.30 N/A N/A N/A 0.54 N/A Kent Bridge 1.30 N/A 1.30 N/A 1.54 N/A 0.54 N/A Chatham N/A N/A 1.30 N/A N/A N/A 0.40 N/A Brigden N/A N/A 1.30 N/A N/A N/A 0.40 N/A Palmerston N/A 3.03 1.26 2.36 N/A N/A 1.20 1.87 Varna 1.45 1.95 1.30 N/A 1.34 0.84 0.54 N/A Mitchell 1.30 1.95 1.30 N/A 1.54 0.84 0.54 N/A Thornton 1.97 2.03 1.40 2.32 2.47 1.58 0.38 N/A North Gower N/A 0.90 1.25 1.02 N/A N/A 0.69 N/A W O Feed 2.86 TERMINAL Port Colbor N/A N/A 1.66 N/A N/A N/A 2.04 N/A PROCESSORS Toledo FM N/A N/A 1.74 N/A N/A N/A 1.91 N/A Toledo El. 11.24US 14.26CA 11.11US 14.10CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 681.68 DDG's FOB Srn & Aylm 320.00 - 370.00