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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, September 22

22 Sep 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, September 22 Exchange rate was 1.3491 up 0.0059 Chicago soybeans closed mixed. NOV22 HI 14.76 NOV23 HI 13.94 1/2 LOW 14.48 3/4 LOW 13.72 1/2 CLOSE14.57 Down 4 1/4 CLOSE 13.84 1/2 Up 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV22+NOV22+JAN23 CK Low 4.68 19.25 707.32 4.00 17.85 655.69 CK High 4.80 19.37 711.73 4.15 18.00 661.20 CK Average 4.76 -0.24 19.33 710.31 4.12 -0.53 17.97 660.15 Essex Cty 4.75 19.32 709.89 4.10 17.95 659.37 Mdsx Low 4.60 19.17 704.38 4.00 17.85 655.69 Mdsx High 4.80 19.37 711.73 4.15 18.00 661.20 Mdsx Average4.72 -0.27 19.29 708.79 4.09 -0.55 17.93 658.91 Hensall 4.68 19.25 707.44 4.08 17.93 658.75 Bruce 4.75 19.32 709.89 4.15 18.00 661.20 Putnam 4.75 19.32 709.89 4.15 18.00 661.20 Burford 4.79 19.36 711.36 4.11 17.96 659.73 Port Perry 4.60 19.17 704.38 3.92 17.77 652.75 Norfolk 4.80 19.37 711.73 4.15 18.00 661.20 Palmerston 4.63 19.20 705.48 N/A Varna 4.65 19.22 706.21 4.05 17.90 657.53 Trenton 4.65 19.22 706.21 4.10 17.95 659.37 Winchester 4.70 19.27 708.05 4.06 17.91 657.90 North Gower 4.30 18.87 693.35 3.70 17.55 644.67 Vankleek Hil4.38 18.95 696.29 3.90 17.75 652.02 Huron FOB N/A 4.69 4.86 4.64 N/A Kent FOB 4.80 19.37 711.73 4.15 18.00 661.20 Lambton FOB 4.90 19.47 715.40 N/A Mdsx FOB 5.02 4.93 4.93 N/A 19.59 719.81 N/A PROCESSORS Windsor 5.20 19.77 726.42 4.34 18.19 668.18 TRANSFER Hamilton 5.45 20.02 735.61 4.65 18.50 679.57 Prescott 5.12 19.69 723.48 4.09 17.94 659.00 Port Colborn5.46 20.03 735.98 4.52 18.37 674.80 Toledo El. -0.40 14.17 520.48 -0.61 13.24 486.41 Exchange rate was 1.3491 up 0.0059 Chicago wheat closed slightly higher. DEC22 HI 9.22 1/2 JUL23 HI 9.20 3/4 LOW 8.91 LOW 8.96 3/4 CLOSE 9.10 3/4 Up 7 CLOSE 9.13 1/2 Up 3 1/4 Minni wheat closed slightly to moderately higher. DEC22 HI 9.83 1/4 SEP23 HI 9.47 LOW 9.52 1/4 LOW 9.30 1/2 CLOSE 9.77 3/4 Up 13 1/2 CLOSE 9.46 Up 10 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 1.25 N/A N/A N/A 1.55 N/A London 3.57 2.23 1.31 N/A 3.18 2.37 1.57 N/A Hensall 3.85 N/A 1.25 N/A 2.75 N/A 1.55 N/A Trenton N/A N/A 0.95 N/A N/A N/A 1.45 N/A Bruce 2.25 2.00 1.25 1.15 2.55 2.10 1.55 1.00 Essex N/A N/A 1.40 N/A N/A N/A 1.65 N/A Norwich 3.85 N/A 1.25 N/A 2.75 N/A 1.55 N/A Port Hope N/A N/A 1.10 N/A N/A N/A 1.55 N/A Kent Bridge 3.85 N/A 1.25 N/A 2.75 N/A 1.55 N/A Chatham N/A N/A 1.40 N/A N/A N/A 1.70 N/A Brigden N/A N/A 1.40 N/A N/A N/A 1.70 N/A Palmerston N/A 2.31 1.51 2.34 N/A N/A N/A N/A Varna 3.60 2.10 1.25 N/A 2.65 2.10 1.55 N/A Mitchell 3.85 2.10 1.25 N/A 2.75 2.10 1.55 N/A Thornton 3.57 2.23 1.31 2.27 3.18 2.37 1.57 N/A North Gower N/A 0.80 1.20 1.22 N/A 1.10 1.50 1.12 W O Feed 2.36 TERMINAL Port Colbor N/A N/A 1.82 N/A N/A N/A 2.04 N/A PROCESSORS Toledo FM N/A N/A 2.91 N/A N/A N/A 3.05 N/A Toledo El. 8.76US 11.81CA 9.04US 12.19CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 769.32 DDG's FOB Srn & Aylm 280.00