News & Resources

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, December 27

27 Dec 2023
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, December 27 Exchange rate was 1.3197 up 0.0011 Chicago soybeans closed steady to slightly higher. MAR24 HI 13.22 3/4 NOV24 HI 12.66 LOW 13.09 LOW 12.55 3/4 CLOSE13.20 1/2 Up 1 1/2 CLOSE 12.65 1/4 Unchanged OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAR24+MAR24+MAR24 CK Low 2.99 16.20 595.06 2.83 15.48 568.88 CK High 3.10 16.31 599.11 3.10 15.75 578.81 CK Average 3.05 -0.89 16.25 597.22 2.95 -0.83 15.61 573.45 Essex Cty 3.05 16.26 597.27 3.00 15.65 575.13 Mdsx Low 2.92 16.13 592.49 2.76 15.41 566.31 Mdsx High 3.05 16.26 597.27 2.95 15.60 573.29 Mdsx Average3.02 -0.91 16.22 596.07 2.88 -0.88 15.53 570.63 Hensall 2.93 16.14 592.98 2.83 15.49 569.01 Bruce 2.90 16.11 591.76 2.80 15.45 567.78 Putnam 3.05 16.26 597.27 2.95 15.60 573.29 Guelph 2.90 16.11 591.76 2.74 15.39 565.58 Burford 3.08 16.29 598.37 2.92 15.57 572.19 Port Perry 2.86 16.07 590.29 2.70 15.35 564.11 Norfolk 3.05 16.26 597.27 2.95 15.60 573.29 Palmerston 2.90 16.11 591.76 2.80 15.45 567.78 Varna 2.90 16.11 591.76 2.80 15.45 567.78 Trenton 2.91 16.12 592.12 2.80 15.45 567.78 Winchester 2.41 15.62 573.75 2.95 15.60 573.29 North Gower 2.81 16.02 588.45 3.20 15.85 582.48 Vankleek Hil2.97 16.18 594.33 2.90 15.55 571.46 Huron FOB 2.90 2.90 2.96 N/A 16.11 591.76 N/A Kent FOB 3.25 16.46 604.62 2.90 15.55 571.46 Lambton FOB 3.10 16.31 599.11 N/A Mdsx FOB 3.10 3.10 3.25 3.32 16.31 599.11 2.93 15.58 572.56 PROCESSORS Windsor 3.69 16.90 620.78 3.55 16.20 595.34 TRANSFER Hamilton 3.65 16.86 619.32 3.45 16.10 591.67 Prescott N/A 3.29 15.94 585.79 Port Colborn3.50 16.71 613.80 N/A Toledo El. -0.51 12.69 466.29 -0.73 11.93 438.23 Exchange rate was 1.3197 up 0.0011 Chicago wheat closed moderately lower. MAR24 HI 6.37 1/2 JUL24 HI 6.53 1/4 LOW 6.19 1/4 LOW 6.37 3/4 CLOSE 6.23 Down 13 1/4 CLOSE 6.39 1/2 Down 13 1/2 Minni wheat closed slightly lower. MAR24 HI 7.27 3/4 SEP24 HI 7.51 LOW 7.18 1/4 LOW 7.46 1/2 CLOSE 7.21 3/4 Down 7 1/2 CLOSE 7.47 3/4 Down 8 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 1.05 N/A N/A N/A 1.15 N/A London 1.33 1.33 0.98 N/A 1.32 1.46 1.06 N/A Hensall 1.15 1.45 1.05 1.05 1.55 1.55 1.10 N/A Trenton N/A N/A N/A N/A N/A N/A 1.15 N/A Bruce N/A 1.35 1.05 1.00 1.40 1.40 1.10 N/A Essex N/A N/A 1.05 N/A N/A N/A 1.00 N/A Norwich 1.20 N/A 1.05 N/A 1.65 N/A 1.15 N/A Belmore N/A 0.90 1.05 0.90 1.70 1.15 1.15 N/A Kent Bridge 1.20 N/A 1.05 N/A 1.65 N/A 1.15 N/A Chatham N/A N/A 1.05 N/A N/A N/A 1.00 N/A Brigden N/A N/A 1.05 N/A N/A N/A 1.00 N/A Palmerston N/A 0.90 1.05 0.90 1.70 1.15 1.15 N/A Varna 1.15 1.45 1.05 N/A 1.55 1.55 1.10 N/A Mitchell 1.20 1.30 1.05 N/A 1.65 1.55 1.15 N/A Thornton 1.33 1.33 0.98 0.84 1.32 1.46 1.06 N/A North Gower N/A 0.60 0.80 0.72 N/A 1.00 1.30 0.92 W O Feed 1.93 TERMINAL Port Colbor N/A N/A 1.60 N/A N/A N/A 1.46 N/A PROCESSORS Toledo FM N/A N/A N/A N/A N/A N/A 1.91 N/A Toledo El. 5.53US 7.30CA 6.16US 8.12CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 686.64 DDG's FOB Aylm 280.00