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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, November 23

23 Nov 2023
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, November 23 Exchange rate was 1.3688 down 0.0016 Markets in the U.S. were closed for the Thanksgiving holiday. On Nov. 22, Chicago soybeans closed slightly to moderately lower. JAN24 HI 13.78 1/2 NOV24 HI 13.13 3/4 LOW 13.54 1/4 LOW 12.97 CLOSE13.56 1/2 Down 20 3/4 CLOSE 13.01 1/4 Down 12 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JAN24+JAN24+MAR24 CK Low 3.50 17.07 627.03 3.50 16.51 606.73 CK High 3.60 17.17 630.71 3.60 16.61 610.40 CK Average 3.55 -1.06 17.11 628.71 3.55 -0.91 16.56 608.52 Essex Cty 3.50 17.07 627.03 3.60 16.61 610.40 Mdsx Low 3.50 17.07 627.03 3.47 16.48 605.63 Mdsx High 3.55 17.12 628.87 3.60 16.61 610.40 Mdsx Average3.51 -1.09 17.08 627.49 3.52 -0.94 16.53 607.37 Hensall 3.45 17.02 625.19 3.47 16.48 605.51 Bruce 3.45 17.02 625.19 3.50 16.51 606.73 Putnam 3.55 17.12 628.87 3.60 16.61 610.40 Guelph 3.49 17.06 626.66 3.51 16.52 607.10 Burford 3.66 17.23 632.91 3.63 16.64 611.51 Port Perry 3.44 17.01 624.83 3.41 16.42 603.42 Norfolk 3.50 17.07 627.03 3.55 16.56 608.57 Palmerston 3.45 17.02 625.19 3.45 16.46 604.89 Varna 3.45 17.02 625.19 3.45 16.46 604.89 Trenton 3.35 16.92 621.52 3.45 16.46 604.89 Winchester 3.18 16.75 615.27 3.55 16.56 608.57 North Gower 2.95 16.52 606.82 3.40 16.41 603.06 Vankleek Hil3.21 16.78 616.38 3.73 16.74 615.18 Huron FOB 3.50 3.62 3.89 N/A 17.07 627.03 N/A Kent FOB 3.60 17.17 630.71 3.50 16.51 606.73 Lambton FOB 3.70 17.27 634.38 N/A Mdsx FOB 3.75 3.75 3.89 4.02 17.32 636.22 N/A PROCESSORS Windsor 3.98 17.55 644.67 N/A TRANSFER Hamilton 4.05 17.62 647.24 4.10 17.11 628.78 Prescott 3.25 16.82 617.85 4.14 17.15 630.25 Port Colborn4.28 17.85 655.69 4.25 17.26 634.29 Toledo El. -0.82 12.74 468.25 -0.75 12.26 450.46 Exchange rate was 1.3688 down 0.0016 On Nov. 22, Chicago wheat closed slightly higher. DEC23 HI 5.63 1/2 JUL24 HI 6.17 3/4 LOW 5.54 1/2 LOW 6.10 1/4 CLOSE 5.55 3/4 Up 3/4 CLOSE 6.12 1/4 Up 1 3/4 On Nov. 22, Minni wheat closed slightly lower. DEC23 HI 7.23 1/4 SEP24 HI 7.62 LOW 7.10 LOW 7.51 1/4 CLOSE 7.10 3/4 Down 6 3/4 CLOSE 7.51 1/4 Down 5 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 1.15 N/A N/A N/A 1.15 N/A London 1.61 1.61 1.20 N/A 1.54 1.54 1.20 N/A Hensall 1.60 1.60 1.15 1.25 1.65 1.55 1.15 N/A Trenton N/A N/A N/A N/A N/A N/A 1.10 N/A Bruce N/A 1.45 1.15 1.00 1.45 1.45 1.15 N/A Essex N/A N/A 1.15 N/A N/A N/A 1.15 N/A Norwich 1.60 N/A 1.15 N/A 1.70 N/A 1.15 N/A Belmore 1.60 1.10 1.15 1.10 1.70 1.15 1.15 N/A Kent Bridge 1.60 N/A 1.15 N/A 1.70 N/A 1.15 N/A Chatham N/A N/A 1.15 N/A N/A N/A 1.15 N/A Brigden N/A N/A 1.15 N/A N/A N/A 1.15 N/A Palmerston 1.60 1.10 1.15 1.10 1.70 1.15 1.15 N/A Varna 1.60 1.60 1.15 N/A 1.65 1.55 1.15 N/A Mitchell 1.60 1.40 1.15 N/A 1.70 1.50 1.15 N/A Thornton 1.61 1.61 1.20 1.18 1.54 1.54 1.20 N/A North Gower N/A 0.90 1.10 1.02 N/A 1.10 1.40 0.97 W O Feed 1.94 TERMINAL Port Colbor N/A N/A 1.67 N/A N/A N/A 1.60 N/A PROCESSORS Toledo FM N/A N/A 1.64 N/A N/A N/A 2.12 N/A Toledo El. 5.01US 6.85CA 5.88US 8.05CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 771.74 DDG's FOB Aylm 315.00