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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, July 6

6 Jul 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, July 6 Exchange rate was 1.304 up 0.0005 Chicago soybeans closed slightly higher. AUG22 HI 14.61 1/2 NOV22 HI 13.40 LOW 14.24 1/4 LOW 13.02 1/2 CLOSE14.46 1/2 Up 7 1/4 CLOSE 13.22 3/4 Up 6 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +AUG22+NOV22+NOV22 CK Low 4.90 19.37 711.54 3.55 16.78 616.47 CK High 5.40 19.87 729.91 3.60 16.83 618.30 CK Average 5.26 0.66 19.72 724.61 3.59 -0.33 16.82 617.88 Essex Cty 5.25 19.72 724.40 3.55 16.78 616.47 Mdsx Low 5.25 19.72 724.40 3.59 16.82 617.94 Mdsx High 5.35 19.82 728.08 3.75 16.98 623.82 Mdsx Average5.29 0.68 19.75 725.75 3.65 -0.29 16.87 620.02 Hensall 5.37 19.83 728.69 3.70 16.93 621.98 Bruce 5.20 19.67 722.57 3.75 16.98 623.82 Putnam 5.40 19.87 729.91 3.65 16.88 620.14 Burford 5.32 19.79 726.97 3.65 16.88 620.14 Port Perry 5.23 19.70 723.67 3.56 16.79 616.84 Norfolk 5.25 19.72 724.40 3.65 16.88 620.14 Palmerston 5.20 19.67 722.57 3.64 16.87 619.77 Varna 5.35 19.82 728.08 3.65 16.88 620.14 Trenton N/A 3.65 16.88 620.14 Winchester N/A 3.71 16.94 622.35 North Gower 4.50 18.97 696.84 3.70 16.93 621.98 Vankleek Hil2.94 17.41 639.52 3.41 16.64 611.32 Huron FOB 5.47 5.47 N/A N/A 19.94 732.49 3.72 16.95 622.71 Kent FOB 5.35 19.82 728.08 3.60 16.83 618.30 Lambton FOB 5.40 19.87 729.91 N/A Mdsx FOB 5.49 5.49 N/A N/A 19.96 733.22 3.82 17.05 626.39 PROCESSORS Windsor 5.93 20.40 749.39 3.96 17.19 631.53 TRANSFER Hamilton 5.75 20.22 742.77 4.30 17.53 644.03 Prescott N/A 3.88 17.11 628.59 Port Colborn N/A 4.26 17.49 642.56 Toledo El. 1.11 15.57 572.22 -0.46 12.77 469.26 Exchange rate was 1.304 up 0.0005 Chicago wheat closed slightly lower. SEP22 HI 8.38 1/2 JUL23 HI 8.64 LOW 7.85 1/4 LOW 8.13 1/2 CLOSE 8.04 1/2 Down 2 1/2 CLOSE 8.30 3/4 Down 7 1/2 Minni wheat closed slightly to moderately lower. SEP22 HI 9.12 1/2 SEP23 HI 9.14 LOW 8.70 1/2 LOW 8.80 CLOSE 8.86 1/4 Down 3 3/4 CLOSE 8.98 Down 15 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 1.65 N/A N/A N/A 1.70 N/A London 2.69 2.43 1.65 N/A 2.12 2.05 1.53 N/A Hensall 3.00 N/A 1.65 N/A 2.50 N/A 1.70 N/A Trenton N/A N/A 1.65 N/A N/A N/A 1.65 N/A Bruce 2.85 2.40 1.80 1.70 2.35 2.15 1.80 N/A Essex N/A N/A 1.60 N/A N/A N/A 1.70 N/A Norwich 3.00 N/A 1.65 N/A 2.50 N/A 1.70 N/A Port Hope N/A N/A 1.75 N/A N/A N/A 1.75 N/A Kent Bridge 3.00 N/A 1.65 N/A 2.50 N/A 1.70 N/A Chatham N/A N/A 1.60 N/A N/A N/A 1.75 N/A Brigden N/A N/A 1.70 N/A N/A N/A 1.75 N/A Palmerston N/A 2.20 1.87 N/A N/A N/A 1.42 N/A Varna 2.75 2.25 1.65 N/A 2.30 2.05 1.70 N/A Mitchell 3.00 2.35 1.65 N/A 2.50 2.10 1.70 N/A Thornton 2.69 2.43 1.65 2.20 2.12 2.05 1.53 N/A North Gower N/A 1.40 1.80 1.12 N/A 1.30 1.70 0.82 W O Feed 2.21 TERMINAL Port Colbor N/A N/A 2.11 N/A N/A N/A 1.93 N/A PROCESSORS Toledo FM N/A N/A 2.45 N/A N/A N/A N/A N/A Toledo El. 7.78US 10.14CA 8.21US 10.70CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 733.71 DDG's FOB Srn & Aylm 340.00