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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, October 31

31 Oct 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, October 31 Exchange rate was 1.3633 up 0.0023 Chicago soybeans closed slightly to moderately higher. JAN23 HI 14.24 NOV23 HI 13.77 1/2 LOW 13.97 3/4 LOW 13.56 1/2 CLOSE14.19 1/2 Up 19 1/4 CLOSE 13.73 1/2 Up 14 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JAN23+JAN23+MAR23 CK Low 4.70 18.90 694.27 4.15 17.89 657.16 CK High 4.90 19.10 701.62 4.30 18.04 662.67 CK Average 4.75 -0.30 18.95 696.11 4.27 -0.53 18.01 661.57 Essex Cty 4.75 18.95 696.11 4.25 17.99 660.84 Mdsx Low 4.70 18.90 694.27 4.20 17.94 659.00 Mdsx High 4.75 18.95 696.11 4.33 18.07 663.78 Mdsx Average4.72 -0.32 18.92 695.10 4.28 -0.52 18.02 662.03 Hensall 4.73 18.92 695.25 4.30 18.04 662.67 Bruce 4.70 18.90 694.27 4.30 18.04 662.67 Putnam 4.70 18.90 694.27 4.30 18.04 662.67 Burford 4.81 19.01 698.31 4.40 18.14 666.35 Port Perry 4.65 18.85 692.44 4.24 17.98 660.47 Norfolk 4.75 18.95 696.11 4.30 18.04 662.67 Palmerston 4.56 18.76 689.13 N/A Varna 4.80 19.00 697.95 4.30 18.04 662.67 Trenton 4.70 18.90 694.27 4.25 17.99 660.84 Winchester 4.99 19.19 704.93 4.13 17.87 656.43 North Gower 4.45 18.65 685.09 4.05 17.79 653.49 Vankleek Hil4.53 18.73 688.03 4.37 18.11 665.24 Huron FOB 4.85 4.85 4.85 N/A 19.05 699.78 N/A Kent FOB 4.75 18.95 696.11 4.30 18.04 662.67 Lambton FOB 4.84 19.04 699.42 N/A Mdsx FOB 5.14 N/A N/A N/A 19.34 710.44 N/A PROCESSORS Windsor 5.20 19.40 712.64 4.61 18.35 674.06 TRANSFER Hamilton 5.45 19.65 721.83 4.80 18.54 681.04 Prescott 4.94 19.14 703.09 4.45 18.19 668.18 Port Colborn5.40 19.60 719.99 4.63 18.37 674.80 Toledo El. -0.37 13.83 508.05 -0.61 13.12 482.13 Exchange rate was 1.3633 up 0.0023 Chicago wheat closed higher to sharply higher. DEC22 HI 8.93 1/4 JUL23 HI 9.12 1/4 LOW 8.53 3/4 LOW 8.78 1/4 CLOSE 8.82 1/4 Up 53 CLOSE 9.03 3/4 Up 42 1/4 Minni wheat closed higher. DEC22 HI 9.90 SEP23 HI 9.60 1/2 LOW 9.57 LOW 9.33 CLOSE 9.81 1/4 Up 36 1/4 CLOSE 9.58 1/2 Up 28 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 1.65 N/A N/A N/A 1.75 N/A London 3.62 2.40 1.75 N/A 3.30 2.21 1.66 N/A Hensall 4.50 N/A 1.65 N/A 3.10 N/A 1.70 N/A Trenton N/A N/A N/A N/A N/A N/A 1.75 N/A Bruce 2.65 2.15 1.70 1.15 2.70 2.20 1.70 1.15 Essex N/A N/A 1.65 N/A N/A N/A 1.70 N/A Norwich 4.50 N/A 1.65 N/A 3.10 N/A 1.70 N/A Port Hope N/A N/A 1.45 N/A N/A N/A 1.70 N/A Kent Bridge 4.50 N/A 1.65 N/A 3.10 N/A 1.70 N/A Chatham N/A N/A 1.65 N/A N/A N/A 1.70 N/A Brigden N/A N/A 1.65 N/A N/A N/A 1.70 N/A Palmerston N/A 2.58 1.76 2.33 N/A N/A N/A N/A Varna 4.20 2.55 1.70 N/A 2.95 2.30 1.75 N/A Mitchell 4.50 N/A 1.65 N/A 3.10 2.30 1.70 N/A Thornton 3.62 2.40 1.75 2.38 3.30 2.21 1.66 N/A North Gower N/A 1.05 1.45 1.32 N/A 1.20 1.65 1.27 W O Feed 2.44 TERMINAL Port Colbor N/A N/A 1.92 N/A N/A N/A 1.93 N/A PROCESSORS Toledo FM N/A N/A 3.14 N/A N/A N/A 3.15 N/A Toledo El. 8.52US 11.62CA 8.94US 12.18CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 725.44 DDG's FOB Aylm -