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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, March 31

31 Mar 2023
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, March 31 Exchange rate was 1.3516 up 0.0009 Chicago soybeans closed slightly to moderately higher. JUL23 HI 14.83 NOV23 HI 13.34 1/2 LOW 14.40 1/4 LOW 12.98 CLOSE14.75 1/2 Up 28 1/2 CLOSE 13.19 3/4 Up 16 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JUL23+JUL23+JUL23 CK Low 4.75 19.51 716.69 3.87 17.07 627.12 CK High 4.90 19.66 722.20 3.95 17.15 630.06 CK Average 4.86 -0.25 19.61 720.57 3.92 -0.53 17.12 629.12 Essex Cty 4.90 19.66 722.20 3.95 17.15 630.06 Mdsx Low 4.85 19.61 720.36 3.90 17.10 628.23 Mdsx High 4.90 19.66 722.20 3.95 17.15 630.06 Mdsx Average4.88 -0.23 19.64 721.55 3.93 -0.53 17.13 629.24 Hensall 4.88 19.64 721.59 3.95 17.15 630.06 Bruce 4.85 19.61 720.36 3.95 17.15 630.06 Putnam 4.85 19.61 720.36 3.90 17.10 628.23 Burford 4.95 19.71 724.03 3.98 17.18 631.17 Port Perry 4.79 19.55 718.16 3.82 17.02 625.29 Norfolk 4.90 19.66 722.20 3.95 17.15 630.06 Palmerston N/A N/A Varna 4.90 19.66 722.20 3.95 17.15 630.06 Trenton 4.70 19.46 714.85 3.90 17.10 628.23 Winchester 4.75 19.51 716.69 3.95 17.15 630.06 North Gower 5.10 19.86 729.55 4.00 17.20 631.90 Vankleek Hil4.56 19.32 709.70 3.74 16.94 622.35 Huron FOB 4.90 4.97 5.04 N/A 19.66 722.20 N/A Kent FOB 5.15 19.91 731.38 3.95 17.15 630.06 Lambton FOB 5.11 19.87 729.91 N/A Mdsx FOB 5.07 N/A N/A N/A 19.83 728.44 4.10 17.30 635.57 PROCESSORS Windsor 5.31 20.07 737.26 4.44 17.64 648.07 TRANSFER Hamilton 5.40 20.16 740.57 4.65 17.85 655.78 Prescott N/A 4.34 17.54 644.39 Port Colborn4.96 19.72 724.40 4.59 17.79 653.58 Toledo El. 0.23 14.98 550.60 -0.61 12.59 462.58 Exchange rate was 1.3516 up 0.0009 Chicago wheat closed steady. MAY23 HI 7.01 1/4 JUL23 HI 7.13 LOW 6.81 LOW 6.93 CLOSE 6.92 1/4 Unchanged CLOSE 7.04 1/2 Unchanged Minni wheat closed moderately higher. MAY23 HI 8.96 1/2 SEP23 HI 8.97 1/2 LOW 8.70 1/2 LOW 8.72 3/4 CLOSE 8.95 3/4 Up 16 CLOSE 8.96 3/4 Up 16 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 1.50 N/A N/A N/A 1.30 N/A London 2.35 1.88 1.47 N/A 2.60 1.72 1.18 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 1.25 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 1.25 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 1.25 N/A Brigden N/A N/A 1.45 N/A N/A N/A 1.25 N/A Palmerston N/A 1.70 1.16 N/A N/A N/A N/A N/A Varna 4.10 2.15 1.50 N/A 2.75 1.85 1.25 N/A Mitchell 4.20 N/A 1.50 N/A 2.90 1.95 1.30 N/A Thornton 2.35 1.88 1.47 1.73 2.60 1.72 1.18 N/A North Gower N/A 1.40 1.70 1.92 N/A 1.10 1.40 1.52 W O Feed 2.19 TERMINAL Port Colbor N/A N/A 2.15 N/A N/A N/A 1.92 N/A PROCESSORS Toledo FM N/A N/A 2.16 N/A N/A N/A 2.27 N/A Toledo El. 6.57US 8.88CA 6.80US 9.18CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 763.91 DDG's FOB Aylm 370.00