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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, January 4

4 Jan 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, January 4 Exchange rate was 1.334 up 0.0000 Chicago soybeans closed slightly lower. MAR24 HI 12.80 3/4 NOV24 HI 12.27 3/4 LOW 12.65 LOW 12.17 CLOSE12.67 1/2 Down 9 1/2 CLOSE 12.20 3/4 Down 4 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAR24+MAR24+MAY24 CK Low 3.10 15.78 579.63 2.90 15.11 555.11 CK High 3.15 15.83 581.47 3.10 15.31 562.45 CK Average 3.13 -0.82 15.81 580.89 2.94 -0.85 15.15 556.73 Essex Cty 3.10 15.78 579.63 3.00 15.21 558.78 Mdsx Low 3.07 15.75 578.53 2.84 15.05 552.90 Mdsx High 3.15 15.83 581.47 2.90 15.11 555.11 Mdsx Average3.11 -0.85 15.78 579.82 2.89 -0.89 15.09 554.55 Hensall 3.07 15.74 578.41 2.85 15.06 553.27 Bruce 3.05 15.73 577.79 2.85 15.06 553.27 Putnam 3.10 15.78 579.63 2.90 15.11 555.11 Guelph 2.98 15.66 575.22 2.90 15.11 555.11 Burford 3.23 15.91 584.41 3.00 15.21 558.78 Port Perry 3.01 15.69 576.33 2.78 14.99 550.70 Norfolk 3.10 15.78 579.63 2.95 15.16 556.94 Palmerston 3.05 15.73 577.79 2.85 15.06 553.27 Varna 3.05 15.73 577.79 2.85 15.06 553.27 Trenton 2.80 15.48 568.61 2.80 15.01 551.43 Winchester 2.40 15.08 553.91 2.85 15.06 553.27 North Gower 2.83 15.51 569.71 3.10 15.31 562.45 Vankleek Hil3.05 15.73 577.79 2.98 15.19 558.05 Huron FOB 3.10 3.24 3.37 N/A 15.78 579.63 N/A Kent FOB 3.35 16.03 588.82 2.90 15.11 555.11 Lambton FOB 3.10 15.78 579.63 N/A Mdsx FOB 3.25 3.32 3.39 3.48 15.93 585.14 3.01 15.22 559.15 PROCESSORS Windsor 3.84 16.52 606.82 3.58 15.79 580.09 TRANSFER Hamilton 3.70 16.38 601.68 3.45 15.66 575.31 Prescott N/A 3.38 15.59 572.74 Port Colborn3.58 16.26 597.27 3.48 15.69 576.42 Toledo El. -0.53 12.14 446.12 -0.73 11.47 421.59 Exchange rate was 1.334 up 0.0000 Chicago wheat closed slightly to moderately higher. MAR24 HI 6.14 1/2 JUL24 HI 6.33 LOW 5.91 1/4 LOW 6.14 CLOSE 6.13 1/2 Up 13 1/4 CLOSE 6.32 Up 10 Minni wheat closed slightly higher. MAR24 HI 7.12 3/4 SEP24 HI 7.38 1/4 LOW 7.03 LOW 7.32 CLOSE 7.11 1/4 Up 2 3/4 CLOSE 7.37 3/4 Up 1 3/4 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 0.97 N/A 1.34 1.47 1.07 N/A Hensall 1.15 1.45 1.10 1.05 1.60 1.60 1.15 N/A Trenton N/A N/A N/A N/A N/A N/A 1.15 N/A Bruce N/A 1.40 1.10 0.95 1.45 1.45 1.15 0.85 Essex N/A N/A 1.10 N/A N/A N/A 1.10 N/A Norwich 1.20 N/A 1.10 N/A 1.70 N/A 1.15 N/A Belmore N/A 0.90 1.10 0.90 1.70 1.15 1.15 N/A Kent Bridge 1.20 N/A 1.10 N/A 1.70 N/A 1.15 N/A Chatham N/A N/A 1.10 N/A N/A N/A 1.10 N/A Brigden N/A N/A 1.10 N/A N/A N/A 1.10 N/A Palmerston N/A 0.90 1.10 0.90 1.70 1.15 1.15 N/A Varna 1.15 1.45 1.10 N/A 1.60 1.60 1.15 N/A Mitchell 1.20 1.45 1.10 N/A 1.70 1.60 1.15 N/A Thornton 1.33 1.33 0.97 0.90 1.34 1.47 1.07 N/A North Gower N/A 0.80 1.00 0.82 N/A 1.10 1.40 0.92 W O Feed 1.94 TERMINAL Port Colbor N/A N/A 1.60 N/A N/A N/A 1.47 N/A PROCESSORS Toledo FM N/A N/A 1.58 N/A N/A N/A 1.98 N/A Toledo El. N/A 6.08US 8.11CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 612.01 DDG's FOB Aylm 280.00