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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, January 3

3 Jan 2023
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, January 3 Exchange rate was 1.3677 up 0.0143 Chicago soybeans closed slightly to moderately lower. MAR23 HI 15.29 NOV23 HI 14.15 3/4 LOW 14.90 LOW 13.92 1/4 CLOSE14.92 1/4 Down 31 3/4 CLOSE 13.97 Down 19 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAR23+MAR23+MAY23 CK Low 4.95 19.87 730.19 4.35 18.32 673.14 CK High 5.05 19.97 733.86 4.45 18.42 676.82 CK Average 4.99 -0.36 19.92 731.76 4.39 -0.55 18.36 674.46 Essex Cty 4.95 19.87 730.19 4.35 18.32 673.14 Mdsx Low 4.80 19.72 724.68 4.20 18.17 667.63 Mdsx High 5.04 19.96 733.50 4.44 18.41 676.45 Mdsx Average4.95 -0.39 19.87 730.10 4.35 -0.58 18.32 673.05 Hensall 4.90 19.82 728.35 4.28 18.25 670.70 Bruce 5.00 19.92 732.03 4.35 18.32 673.14 Putnam 5.00 19.92 732.03 4.35 18.32 673.14 Burford 5.11 20.03 736.07 4.51 18.48 679.02 Port Perry 4.95 19.87 730.19 4.35 18.32 673.14 Norfolk 4.95 19.87 730.19 4.40 18.37 674.98 Palmerston 4.84 19.76 726.15 N/A Varna 4.80 19.72 724.68 4.20 18.17 667.63 Trenton 4.90 19.82 728.35 4.20 18.17 667.63 Winchester 4.75 19.67 722.84 4.20 18.17 667.63 North Gower 4.62 19.54 718.06 4.35 18.32 673.14 Vankleek Hil5.28 20.20 742.31 4.19 18.16 667.27 Huron FOB 5.09 5.26 5.33 N/A 20.01 735.33 N/A Kent FOB 5.30 20.22 743.05 4.40 18.37 674.98 Lambton FOB 5.00 19.92 732.03 N/A Mdsx FOB 5.43 N/A N/A N/A 20.35 747.83 4.49 18.46 678.29 PROCESSORS Windsor 5.64 20.56 755.54 4.64 18.61 683.80 TRANSFER Hamilton 5.75 20.67 759.58 4.85 18.82 691.52 Prescott N/A 4.52 18.49 679.39 Port Colborn5.37 20.29 745.62 4.98 18.95 696.29 Toledo El. -0.27 14.65 538.26 -0.62 13.35 490.70 Exchange rate was 1.3677 up 0.0143 Chicago wheat closed moderately lower. MAR23 HI 7.94 1/2 JUL23 HI 8.04 1/2 LOW 7.69 3/4 LOW 7.80 1/4 CLOSE 7.75 1/2 Down 16 1/2 CLOSE 7.86 1/2 Down 16 1/2 Minni wheat closed slightly to moderately lower. MAR23 HI 9.38 SEP23 HI 8.99 1/2 LOW 9.15 1/4 LOW 8.84 CLOSE 9.19 1/4 Down 19 1/2 CLOSE 8.88 Down 10 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 1.30 N/A N/A N/A 1.40 N/A London 2.84 1.88 1.40 N/A 3.01 1.92 1.51 N/A Hensall 4.20 N/A 1.30 N/A 2.95 N/A 1.40 N/A Trenton N/A N/A N/A N/A N/A N/A 1.45 N/A Bruce 2.30 1.80 1.30 1.15 2.40 1.90 1.40 1.15 Essex N/A N/A 1.40 N/A N/A N/A 1.50 N/A Norwich 4.20 N/A 1.30 N/A 2.95 N/A 1.40 N/A Port Hope N/A N/A 1.30 N/A N/A N/A 1.40 N/A Kent Bridge 4.20 N/A 1.30 N/A 2.95 N/A 1.40 N/A Chatham N/A N/A 1.40 N/A N/A N/A 1.50 N/A Brigden N/A N/A 1.40 N/A N/A N/A 1.50 N/A Palmerston N/A N/A 1.06 2.27 N/A N/A N/A N/A Varna 4.15 2.15 1.35 N/A 2.70 1.95 1.40 N/A Mitchell 4.20 N/A 1.30 N/A 2.95 1.90 1.40 N/A Thornton 2.84 1.88 1.40 2.28 3.01 1.92 1.51 N/A North Gower N/A 1.00 1.40 1.47 N/A 1.25 1.65 1.37 W O Feed 2.38 TERMINAL Port Colbor N/A N/A 1.88 N/A N/A N/A 2.12 N/A PROCESSORS Toledo FM N/A N/A 2.92 N/A N/A N/A 2.76 N/A Toledo El. 7.51US 10.26CA 7.62US 10.42CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 737.57 DDG's FOB Aylm 360.00