FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, March 14
14 Mar 2023
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, March 14 Exchange rate was 1.3668 down 0.0046 Chicago soybeans closed narrowly mixed. MAY23 HI 14.96 3/4 NOV23 HI 13.43 1/2 LOW 14.84 LOW 13.32 1/2 CLOSE14.93 3/4 Up 2 1/2 CLOSE 13.38 1/2 Down 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAY23+MAY23+JUL23 CK Low 4.94 19.88 730.37 4.15 17.54 644.30 CK High 5.00 19.94 732.58 4.20 17.59 646.14 CK Average 4.99 -0.36 19.93 732.26 4.18 -0.53 17.57 645.56 Essex Cty 5.00 19.94 732.58 4.20 17.59 646.14 Mdsx Low 4.98 19.92 731.84 4.15 17.54 644.30 Mdsx High 5.10 20.04 736.25 4.35 17.74 651.65 Mdsx Average5.02 -0.34 19.96 733.31 4.23 -0.50 17.62 647.33 Hensall 5.00 19.94 732.58 4.18 17.57 645.53 Bruce 5.00 19.94 732.58 4.20 17.59 646.14 Putnam 5.00 19.94 732.58 4.15 17.54 644.30 Burford 5.05 19.99 734.41 4.30 17.69 649.81 Port Perry 4.89 19.83 728.54 4.14 17.53 643.93 Norfolk 5.00 19.94 732.58 4.20 17.59 646.14 Palmerston N/A N/A Varna 5.00 19.94 732.58 4.20 17.59 646.14 Trenton 5.00 19.94 732.58 4.15 17.54 644.30 Winchester 5.03 19.97 733.68 4.10 17.49 642.46 North Gower 5.20 20.14 739.93 4.25 17.64 647.98 Vankleek Hil4.84 19.78 726.70 4.01 17.40 639.16 Huron FOB 5.00 5.01 5.22 N/A 19.94 732.58 N/A Kent FOB 5.25 20.19 741.76 4.20 17.59 646.14 Lambton FOB 5.44 20.38 748.74 N/A Mdsx FOB 5.25 N/A N/A N/A 20.19 741.76 4.43 17.82 654.59 PROCESSORS Windsor 5.58 20.52 753.89 4.72 18.11 665.24 TRANSFER Hamilton 5.50 20.44 750.95 4.90 18.29 671.86 Prescott N/A 4.63 18.02 661.94 Port Colborn5.33 20.27 744.70 4.91 18.30 672.23 Toledo El. -0.27 14.66 538.82 -0.62 12.77 469.22 Exchange rate was 1.3668 down 0.0046 Chicago wheat closed slightly to moderately higher. MAY23 HI 6.99 3/4 JUL23 HI 7.10 LOW 6.77 1/2 LOW 6.88 CLOSE 6.96 1/4 Up 11 3/4 CLOSE 7.06 3/4 Up 11 1/4 Minni wheat closed moderately higher. MAY23 HI 8.51 1/4 SEP23 HI 8.43 1/4 LOW 8.24 1/4 LOW 8.19 1/4 CLOSE 8.50 Up 17 1/2 CLOSE 8.40 1/2 Up 15 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 1.45 N/A N/A N/A 1.30 N/A London 2.47 1.99 1.31 N/A 2.72 1.83 1.28 N/A Hensall 4.20 N/A 1.45 N/A 2.90 N/A 1.30 N/A Trenton N/A N/A N/A N/A N/A N/A 1.40 N/A Bruce 2.45 1.95 1.45 1.15 2.30 1.80 1.30 1.15 Essex N/A N/A 1.35 N/A N/A N/A 1.25 N/A Norwich 4.20 N/A 1.45 N/A 2.90 N/A 1.30 N/A Belmore 2.50 1.75 1.45 1.15 2.00 1.90 1.25 N/A Kent Bridge 4.20 N/A 1.45 N/A 2.90 N/A 1.30 N/A Chatham N/A N/A 1.35 N/A N/A N/A 1.25 N/A Brigden N/A N/A 1.35 N/A N/A N/A 1.25 N/A Palmerston N/A 1.80 1.26 N/A N/A N/A N/A N/A Varna 4.10 2.15 1.45 N/A 2.80 1.90 1.25 N/A Mitchell 4.20 N/A 1.45 N/A 2.90 1.95 1.30 N/A Thornton 2.47 1.99 1.31 1.90 2.72 1.83 1.28 N/A North Gower N/A 1.40 1.70 1.92 N/A 1.10 1.40 1.52 W O Feed 2.12 TERMINAL Port Colbor N/A N/A 2.19 N/A N/A N/A 1.89 N/A PROCESSORS Toledo FM N/A N/A N/A N/A N/A N/A 2.32 N/A Toledo El. 6.61US 9.04CA 6.82US 9.32CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 789.49 DDG's FOB Aylm 360.00