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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, July 5

5 Jul 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, July 5 Exchange rate was 1.3035 up 0.0172 Chicago soybeans closed sharply lower. AUG22 HI 14.95 NOV22 HI 13.74 1/2 LOW 14.31 3/4 LOW 13.04 CLOSE14.39 1/4 Down 70 1/2 CLOSE 13.16 Down 79 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +AUG22+NOV22+NOV22 CK Low 5.00 19.39 712.55 3.65 16.81 617.66 CK High 5.41 19.80 727.62 3.75 16.91 621.34 CK Average 5.32 0.73 19.72 724.42 3.69 -0.23 16.85 619.24 Essex Cty 5.35 19.74 725.41 3.65 16.81 617.66 Mdsx Low 5.35 19.74 725.41 3.67 16.83 618.40 Mdsx High 5.43 19.82 728.35 3.75 16.91 621.34 Mdsx Average5.38 0.77 19.77 726.39 3.71 -0.22 16.87 619.74 Hensall 5.37 19.76 726.03 3.78 16.94 622.56 Bruce 5.20 19.59 719.90 3.75 16.91 621.34 Putnam 5.40 19.79 727.25 3.75 16.91 621.34 Burford 5.49 19.88 730.56 3.73 16.89 620.60 Port Perry 5.40 19.79 727.25 3.64 16.80 617.29 Norfolk 5.35 19.74 725.41 3.75 16.91 621.34 Palmerston 5.17 19.56 718.80 3.62 16.78 616.56 Varna N/A 3.80 16.96 623.17 Trenton N/A 3.75 16.91 621.34 Winchester N/A 3.71 16.87 619.87 North Gower 4.50 18.89 694.18 3.70 16.86 619.50 Vankleek Hil3.07 17.46 641.64 3.37 16.53 607.37 Huron FOB 5.44 5.44 N/A N/A 19.83 728.72 3.77 16.93 622.07 Kent FOB 5.45 19.84 729.09 3.70 16.86 619.50 Lambton FOB 5.06 19.45 714.76 N/A Mdsx FOB 5.56 5.56 N/A N/A 19.95 733.13 3.90 17.06 626.85 PROCESSORS Windsor 5.91 20.30 745.99 3.94 17.10 628.32 TRANSFER Hamilton 5.85 20.24 743.78 4.40 17.56 645.22 Prescott N/A 3.97 17.13 629.42 Port Colborn N/A 4.34 17.50 643.01 Toledo El. 1.11 15.50 569.55 -0.46 12.70 466.78 Exchange rate was 1.3035 up 0.0172 Chicago wheat closed lower. SEP22 HI 8.42 1/2 JUL23 HI 8.70 1/2 LOW 8.04 1/2 LOW 8.28 1/2 CLOSE 8.07 Down 39 CLOSE 8.38 1/4 Down 36 3/4 Minni wheat closed sharply lower. SEP22 HI 9.46 1/2 SEP23 HI 9.56 LOW 8.88 LOW 9.08 1/2 CLOSE 8.90 Down 58 CLOSE 9.13 3/4 Down 54 3/4 Direct MarkHarvest 2022 Harvest 2023 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 1.80 N/A N/A N/A 1.80 N/A London 2.66 2.40 1.62 N/A 2.10 2.03 1.51 N/A Hensall 3.00 N/A 1.75 N/A 2.50 N/A 1.75 N/A Trenton N/A N/A 2.00 N/A N/A N/A 1.85 N/A Bruce 2.85 2.40 1.80 1.70 2.35 2.15 1.80 N/A Essex N/A N/A 1.65 N/A N/A N/A 1.70 N/A Norwich 3.00 N/A 1.75 N/A 2.50 N/A 1.75 N/A Port Hope N/A N/A 1.80 N/A N/A N/A 1.80 N/A Kent Bridge 3.00 N/A 1.75 N/A 2.50 N/A 1.75 N/A Chatham N/A N/A 1.65 N/A N/A N/A 1.75 N/A Brigden N/A N/A 1.75 N/A N/A N/A 1.75 N/A Palmerston N/A 2.19 1.86 N/A N/A N/A 1.42 N/A Varna 2.85 2.35 1.75 N/A 2.35 2.10 1.75 N/A Mitchell 3.00 2.35 1.75 N/A 2.50 2.10 1.75 N/A Thornton 2.66 2.40 1.62 2.27 2.10 2.03 1.51 N/A North Gower N/A 1.40 1.80 1.12 N/A 1.30 1.70 0.82 W O Feed 2.12 TERMINAL Port Colbor N/A N/A 2.08 N/A N/A N/A 1.91 N/A PROCESSORS Toledo FM N/A N/A 2.45 N/A N/A N/A N/A N/A Toledo El. 7.79US 10.15CA 8.28US 10.80CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 727.98 DDG's FOB Srn & Aylm 340.00