FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, August 29
29 Aug 2023
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, August 29 Exchange rate was 1.354 down 0.0041 Chicago soybeans closed mixed. NOV23 HI 14.05 NOV23 HI 14.05 LOW 13.92 LOW 13.92 CLOSE13.92 1/2 Down 13 1/4 CLOSE 13.92 1/2 Down 13 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV23+NOV23+NOV23 CK Low 5.00 18.93 695.37 3.70 17.63 647.61 CK High 5.06 18.99 697.58 3.90 17.83 654.96 CK Average 5.01 0.06 18.94 695.74 3.84 -0.80 17.77 652.86 Essex Cty 5.00 18.93 695.37 3.90 17.83 654.96 Mdsx Low 5.00 18.93 695.37 3.80 17.73 651.28 Mdsx High 5.04 18.97 696.84 3.88 17.81 654.22 Mdsx Average5.01 0.06 18.94 695.74 3.85 -0.80 17.77 652.94 Hensall 5.03 18.96 696.60 3.88 17.81 654.34 Bruce 4.80 18.73 688.03 3.90 17.83 654.96 Putnam 5.00 18.93 695.37 3.85 17.78 653.12 Guelph 4.97 18.90 694.27 3.85 17.78 653.12 Burford 5.14 19.07 700.52 3.98 17.91 657.90 Port Perry 4.98 18.91 694.64 3.82 17.75 652.02 Norfolk 5.00 18.93 695.37 3.85 17.78 653.12 Palmerston 5.05 18.98 697.21 3.90 17.83 654.96 Varna 5.05 18.98 697.21 3.90 17.83 654.96 Trenton N/A 3.85 17.78 653.12 Winchester N/A 3.80 17.73 651.28 North Gower 4.50 18.43 677.00 3.80 17.73 651.28 Vankleek Hil4.78 18.71 687.29 3.78 17.71 650.55 Huron FOB N/A 5.21 3.90 3.90 3.90 17.83 654.96 Kent FOB 5.00 18.93 695.37 3.85 17.78 653.12 Lambton FOB 5.00 18.93 695.37 4.12 18.05 663.04 Mdsx FOB 5.26 N/A 4.14 4.27 19.19 704.93 4.14 18.07 663.78 PROCESSORS Windsor 5.16 19.09 701.25 4.41 18.34 673.70 TRANSFER Hamilton 5.45 19.38 711.91 4.55 18.48 678.84 Prescott N/A 4.39 18.32 672.96 Port Colborn N/A 4.80 18.73 688.03 Toledo El. -0.47 13.45 494.24 -0.95 12.98 476.83 Exchange rate was 1.354 down 0.0041 Chicago wheat closed moderately lower. SEP23 HI 5.89 JUL24 HI 6.70 LOW 5.68 3/4 LOW 6.56 CLOSE 5.69 3/4 Down 18 1/4 CLOSE 6.56 1/2 Down 12 1/4 Minni wheat closed slightly lower. SEP23 HI 7.70 SEP24 HI 8.06 1/2 LOW 7.55 LOW 8.06 1/2 CLOSE 7.55 3/4 Down 9 1/2 CLOSE 8.06 1/2 Down 1 1/2 Direct MarkHarvest 2023 Harvest 2024 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 0.65 N/A N/A N/A 0.85 N/A London 1.49 1.15 0.53 N/A 1.92 1.38 0.76 N/A Hensall 2.11 1.66 0.86 1.55 1.75 1.55 0.90 N/A Trenton N/A N/A 0.65 N/A N/A N/A N/A N/A Bruce 1.61 1.31 0.81 1.30 1.40 1.20 0.90 N/A Essex N/A N/A 0.66 N/A N/A N/A 0.90 N/A Norwich 1.90 N/A 0.65 N/A 1.80 N/A 0.85 N/A Belmore 2.06 1.46 0.86 1.50 1.90 1.15 0.90 N/A Kent Bridge 1.90 N/A 0.55 N/A 1.80 N/A 0.85 N/A Chatham N/A N/A 0.66 N/A N/A N/A 0.90 N/A Brigden N/A N/A 0.51 N/A N/A N/A 0.90 N/A Palmerston 2.06 1.46 0.86 1.50 1.90 1.15 0.90 N/A Varna 2.11 1.66 0.86 N/A 1.75 1.55 0.90 N/A Mitchell 1.90 1.50 0.65 N/A 1.80 1.50 0.85 N/A Thornton 1.49 1.15 0.53 1.16 1.92 1.38 0.76 N/A North Gower N/A 0.60 0.85 1.22 N/A 0.53 0.83 0.82 W O Feed 1.46 TERMINAL Port Colbor N/A N/A 1.21 N/A N/A N/A 0.94 N/A PROCESSORS Toledo FM N/A N/A 1.61 N/A N/A N/A N/A N/A Toledo El. 5.32US 7.20CA 6.33US 8.56CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 698.11 DDG's FOB Aylm 310.00