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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, December 2

2 Dec 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, December 2 Exchange rate was 1.3459 up 0.0036 Chicago soybeans closed slightly higher. JAN23 HI 14.43 NOV23 HI 13.82 LOW 14.25 1/2 LOW 13.68 CLOSE14.38 1/2 Up 8 3/4 CLOSE 13.77 3/4 Up 8 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JAN23+MAR23+MAR23 CK Low 4.22 18.61 683.62 3.90 17.68 649.54 CK High 4.60 18.99 697.58 4.05 17.83 655.05 CK Average 4.47 -0.37 18.86 692.96 3.96 -0.60 17.74 651.74 Essex Cty 4.55 18.94 695.74 3.90 17.68 649.54 Mdsx Low 4.54 18.93 695.37 3.95 17.73 651.37 Mdsx High 4.55 18.94 695.74 4.01 17.79 653.58 Mdsx Average4.55 -0.32 18.93 695.65 3.98 -0.59 17.76 652.38 Hensall 4.45 18.84 692.07 3.95 17.73 651.37 Bruce 4.45 18.84 692.07 3.95 17.73 651.37 Putnam 4.45 18.84 692.07 3.95 17.73 651.37 Burford 4.61 19.00 697.95 4.08 17.86 656.15 Port Perry 4.45 18.84 692.07 3.92 17.70 650.27 Norfolk 4.55 18.94 695.74 3.95 17.73 651.37 Palmerston 4.57 18.96 696.48 N/A Varna 4.45 18.84 692.07 3.95 17.73 651.37 Trenton 4.50 18.89 693.90 4.05 17.83 655.05 Winchester 4.50 18.89 693.90 4.05 17.83 655.05 North Gower 4.35 18.74 688.39 4.00 17.78 653.21 Vankleek Hil4.54 18.93 695.37 4.11 17.89 657.25 Huron FOB 4.52 4.67 4.67 N/A 18.91 694.64 N/A Kent FOB 4.80 19.19 704.93 3.95 17.73 651.37 Lambton FOB 4.75 19.14 703.09 N/A Mdsx FOB 4.78 4.92 4.94 N/A 19.17 704.19 N/A PROCESSORS Windsor 5.51 19.90 731.02 4.66 18.44 677.46 TRANSFER Hamilton 5.30 19.69 723.30 4.40 18.18 667.91 Prescott 4.82 19.21 705.66 4.25 18.03 662.40 Port Colborn4.95 19.34 710.44 4.49 18.27 671.22 Toledo El. -0.27 14.12 518.67 -0.61 13.17 483.98 Exchange rate was 1.3459 up 0.0036 Chicago wheat closed moderately lower. MAR23 HI 7.83 JUL23 HI 8.00 LOW 7.55 3/4 LOW 7.75 1/2 CLOSE 7.61 Down 22 CLOSE 7.79 3/4 Down 20 3/4 Minni wheat closed slightly to moderately lower. MAR23 HI 9.38 SEP23 HI 9.08 LOW 9.19 1/4 LOW 9.00 1/4 CLOSE 9.21 1/4 Down 16 3/4 CLOSE 9.01 1/4 Down 6 1/2 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 1.15 N/A N/A N/A 1.40 N/A London 2.83 1.62 1.15 N/A 2.80 1.72 1.32 N/A Hensall N/A N/A N/A N/A 2.95 N/A 1.40 N/A Trenton N/A N/A N/A N/A N/A N/A 1.50 N/A Bruce 2.20 1.70 1.20 1.15 2.45 1.95 1.45 1.15 Essex N/A N/A 1.15 N/A N/A N/A 1.35 N/A Norwich N/A N/A N/A N/A 2.95 N/A 1.40 N/A Port Hope N/A N/A 1.21 N/A N/A N/A 1.40 N/A Kent Bridge N/A N/A N/A N/A 2.95 N/A 1.40 N/A Chatham N/A N/A 1.15 N/A N/A N/A 1.35 N/A Brigden N/A N/A 1.15 N/A N/A N/A 1.35 N/A Palmerston N/A N/A 0.89 2.11 N/A N/A N/A N/A Varna 4.00 2.05 1.20 N/A 2.70 1.95 1.40 N/A Mitchell N/A N/A N/A N/A 2.95 1.95 1.40 N/A Thornton 2.83 1.62 1.15 2.36 2.80 1.72 1.32 N/A North Gower N/A 0.75 1.15 1.32 N/A 1.10 1.50 1.17 W O Feed 2.06 TERMINAL Port Colbor N/A N/A 1.35 N/A N/A N/A 1.85 N/A PROCESSORS Toledo FM N/A N/A 2.24 N/A N/A N/A 2.56 N/A Toledo El. 7.26US 9.77CA 7.55US 10.16CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 693.48 DDG's FOB Aylm 360.00