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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, March 22

22 Mar 2023
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, March 22 Exchange rate was 1.3669 down 0.0037 Chicago soybeans closed moderately lower. JUL23 HI 14.52 1/2 NOV23 HI 12.99 LOW 14.22 1/2 LOW 12.70 1/2 CLOSE14.25 Down 23 1/2 CLOSE 12.72 1/2 Down 23 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JUL23+JUL23+JUL23 CK Low 4.87 19.12 702.54 4.00 16.73 614.54 CK High 4.95 19.20 705.48 4.10 16.83 618.21 CK Average 4.92 -0.22 19.17 704.53 4.07 -0.44 16.80 617.11 Essex Cty 4.95 19.20 705.48 4.10 16.83 618.21 Mdsx Low 4.90 19.15 703.64 4.00 16.73 614.54 Mdsx High 4.98 19.23 706.58 4.13 16.86 619.32 Mdsx Average4.95 -0.21 19.20 705.30 4.08 -0.43 16.81 617.57 Hensall 4.93 19.18 704.87 4.07 16.79 616.99 Bruce 4.95 19.20 705.48 4.10 16.83 618.21 Putnam 4.90 19.15 703.64 4.00 16.73 614.54 Burford 4.98 19.23 706.58 4.20 16.93 621.89 Port Perry 4.82 19.07 700.70 4.04 16.77 616.01 Norfolk 4.95 19.20 705.48 4.10 16.83 618.21 Palmerston N/A N/A Varna 4.95 19.20 705.48 4.10 16.83 618.21 Trenton 4.95 19.20 705.48 4.10 16.83 618.21 Winchester 4.90 19.15 703.64 4.00 16.73 614.54 North Gower 5.20 19.45 714.67 4.15 16.88 620.05 Vankleek Hil4.89 19.14 703.27 3.94 16.67 612.33 Huron FOB 4.95 5.05 5.18 N/A 19.20 705.48 N/A Kent FOB 5.25 19.50 716.50 4.15 16.88 620.05 Lambton FOB 4.98 19.23 706.58 N/A Mdsx FOB 5.10 N/A N/A N/A 19.35 710.99 4.25 16.98 623.72 PROCESSORS Windsor 5.69 19.94 732.67 4.77 17.50 642.83 TRANSFER Hamilton 5.45 19.70 723.85 4.80 17.53 643.93 Prescott N/A 4.70 17.43 640.26 Port Colborn5.18 19.43 713.93 4.74 17.47 641.73 Toledo El. -0.18 14.07 517.07 -0.62 12.11 444.96 Exchange rate was 1.3669 down 0.0037 Chicago wheat closed moderately lower. MAY23 HI 6.84 JUL23 HI 6.93 1/2 LOW 6.54 LOW 6.65 CLOSE 6.63 1/2 Down 19 3/4 CLOSE 6.73 3/4 Down 18 3/4 Minni wheat closed slightly to moderately lower. MAY23 HI 8.46 SEP23 HI 8.38 LOW 8.27 LOW 8.21 1/4 CLOSE 8.33 3/4 Down 12 CLOSE 8.30 1/4 Down 9 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 1.50 N/A N/A N/A 1.30 N/A London 1.91 1.91 1.30 N/A 1.75 1.75 1.13 N/A Hensall 4.20 N/A 1.50 N/A 2.90 N/A 1.30 N/A Trenton N/A N/A N/A N/A N/A N/A 1.30 N/A Bruce 2.50 2.00 1.50 1.15 2.30 1.80 1.30 1.15 Essex N/A N/A 1.45 N/A N/A N/A 1.30 N/A Norwich 4.20 N/A 1.50 N/A 2.90 N/A 1.30 N/A Belmore 2.50 1.75 1.50 1.15 2.00 1.90 1.30 N/A Kent Bridge 4.20 N/A 1.50 N/A 2.90 N/A 1.30 N/A Chatham N/A N/A 1.45 N/A N/A N/A 1.30 N/A Brigden N/A N/A 1.45 N/A N/A N/A 1.30 N/A Palmerston N/A 1.69 1.14 N/A N/A N/A N/A N/A Varna 4.10 2.15 1.50 N/A 2.80 1.90 1.30 N/A Mitchell 4.20 N/A 1.50 N/A 2.90 1.95 1.30 N/A Thornton 2.39 1.91 1.30 1.78 2.64 1.75 1.13 N/A North Gower N/A 1.40 1.70 1.92 N/A 1.10 1.40 1.52 W O Feed 2.17 TERMINAL Port Colbor N/A N/A 2.11 N/A N/A N/A 1.81 N/A PROCESSORS Toledo FM N/A N/A N/A N/A N/A N/A 2.20 N/A Toledo El. 6.29US 8.59CA 6.49US 8.87CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 744.73 DDG's FOB Aylm 370.00