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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, September 28

28 Sep 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, September 28 Exchange rate was 1.362 down 0.0098 Chicago soybeans closed slightly higher. NOV22 HI 14.12 1/2 NOV23 HI 13.59 1/2 LOW 13.90 3/4 LOW 13.40 3/4 CLOSE14.08 3/4 Up 3/4 CLOSE 13.58 1/2 Up 8 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV22+NOV22+JAN23 CK Low 4.90 18.99 697.67 4.23 17.82 654.59 CK High 5.00 19.09 701.35 4.30 17.89 657.16 CK Average 4.95 -0.11 19.03 699.35 4.28 -0.47 17.87 656.53 Essex Cty 4.90 18.99 697.67 4.25 17.84 655.32 Mdsx Low 4.95 19.04 699.51 4.25 17.84 655.32 Mdsx High 4.97 19.06 700.24 4.30 17.89 657.16 Mdsx Average4.96 -0.11 19.04 699.69 4.28 -0.47 17.87 656.52 Hensall 4.98 19.07 700.73 4.30 17.89 657.16 Bruce 4.95 19.04 699.51 4.30 17.89 657.16 Putnam 4.95 19.04 699.51 4.30 17.89 657.16 Burford 5.03 19.12 702.45 4.34 17.93 658.63 Port Perry 4.84 18.93 695.47 4.15 17.74 651.65 Norfolk 4.95 19.04 699.51 4.30 17.89 657.16 Palmerston 4.69 18.78 689.96 N/A Varna 5.00 19.09 701.35 4.30 17.89 657.16 Trenton 4.95 19.04 699.51 4.30 17.89 657.16 Winchester 4.87 18.96 696.57 4.29 17.88 656.79 North Gower 4.85 18.94 695.83 4.15 17.74 651.65 Vankleek Hil4.78 18.87 693.26 4.06 17.65 648.34 Huron FOB N/A 5.01 5.04 4.79 N/A Kent FOB 4.95 19.04 699.51 4.30 17.89 657.16 Lambton FOB 4.96 19.05 699.88 N/A Mdsx FOB 5.20 5.11 5.11 N/A 19.29 708.69 N/A PROCESSORS Windsor 5.22 19.31 709.43 4.42 18.01 661.57 TRANSFER Hamilton 5.60 19.69 723.39 4.75 18.34 673.70 Prescott 5.24 19.33 710.16 4.28 17.87 656.43 Port Colborn5.64 19.73 724.86 4.75 18.34 673.70 Toledo El. -0.41 13.68 502.61 -0.61 12.97 476.64 Exchange rate was 1.362 down 0.0098 Chicago wheat closed higher. DEC22 HI 9.05 JUL23 HI 9.04 3/4 LOW 8.62 LOW 8.65 1/2 CLOSE 9.03 1/4 Up 31 3/4 CLOSE 9.03 3/4 Up 27 3/4 Minni wheat closed moderately higher to higher. DEC22 HI 9.73 SEP23 HI 9.44 1/2 LOW 9.36 3/4 LOW 9.14 CLOSE 9.72 1/2 Up 29 1/4 CLOSE 9.42 1/4 Up 23 1/4 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 1.70 N/A N/A N/A 1.85 N/A London 3.78 2.41 1.72 N/A 3.37 2.55 1.86 N/A Hensall 4.60 N/A 1.70 N/A 3.10 N/A 1.85 N/A Trenton N/A N/A N/A N/A N/A N/A 1.70 N/A Bruce 2.50 2.25 1.60 1.15 2.80 2.25 1.80 1.00 Essex N/A N/A 1.70 N/A N/A N/A 1.85 N/A Norwich 4.60 N/A 1.70 N/A 3.10 N/A 1.85 N/A Port Hope N/A N/A 1.40 N/A N/A N/A 1.80 N/A Kent Bridge 4.60 N/A 1.70 N/A 3.10 N/A 1.85 N/A Chatham N/A N/A 1.70 N/A N/A N/A 1.85 N/A Brigden N/A N/A 1.70 N/A N/A N/A 1.85 N/A Palmerston N/A 2.38 1.56 2.35 N/A N/A N/A N/A Varna 4.00 2.55 1.70 N/A 2.95 2.40 1.85 N/A Mitchell 4.60 2.45 1.70 N/A 3.10 2.35 1.85 N/A Thornton 3.78 2.41 1.71 2.47 3.37 2.55 1.86 N/A North Gower N/A 1.05 1.45 1.37 N/A 1.35 1.75 1.37 W O Feed 2.49 TERMINAL Port Colbor N/A N/A 2.06 N/A N/A N/A 2.20 N/A PROCESSORS Toledo FM N/A N/A 3.00 N/A N/A N/A 3.14 N/A Toledo El. 8.68US 11.83CA 8.94US 12.17CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 735.03 DDG's FOB Srn & Aylm 280.00 - 345.00