News & Resources

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, February 22

22 Feb 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, February 22 Exchange rate was 1.3483 down 0.0021 Chicago soybeans closed slightly lower. MAR24 HI 11.67 1/4 NOV24 HI 11.52 1/4 LOW 11.46 3/4 LOW 11.34 1/2 CLOSE11.47 3/4 Down 13 CLOSE 11.35 Down 10 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAR24+MAY24+MAY24 CK Low 3.05 14.53 533.79 2.85 14.20 521.76 CK High 3.20 14.68 539.31 3.00 14.35 527.27 CK Average 3.13 -0.65 14.60 536.63 2.94 -0.75 14.29 524.96 Essex Cty 3.20 14.68 539.31 3.00 14.35 527.27 Mdsx Low 3.02 14.50 532.69 2.80 14.15 519.92 Mdsx High 3.10 14.58 535.63 2.90 14.25 523.60 Mdsx Average3.06 -0.70 14.53 533.98 2.85 -0.82 14.20 521.67 Hensall 3.05 14.53 533.79 2.80 14.15 519.92 Bruce 3.15 14.63 537.47 2.90 14.25 523.60 Putnam 3.05 14.53 533.79 2.80 14.15 519.92 Guelph 3.06 14.54 534.16 2.86 14.21 522.13 Burford 3.12 14.60 536.37 2.94 14.29 525.07 Port Perry 2.96 14.44 530.49 2.78 14.13 519.19 Norfolk 3.10 14.58 535.63 2.90 14.25 523.60 Palmerston 3.05 14.53 533.79 2.80 14.15 519.92 Varna 3.05 14.53 533.79 2.80 14.15 519.92 Trenton 2.90 14.38 528.28 2.80 14.15 519.92 Winchester 3.09 14.57 535.26 2.72 14.07 516.98 North Gower 2.85 14.33 526.45 2.85 14.20 521.76 Vankleek Hil2.97 14.45 530.85 2.81 14.16 520.29 Huron FOB 3.18 3.22 3.17 N/A 14.66 538.57 N/A Kent FOB 3.40 14.88 546.65 2.90 14.25 523.60 Lambton FOB 3.24 14.72 540.78 N/A Mdsx FOB 3.10 3.10 3.24 3.31 14.58 535.63 3.01 14.36 527.64 PROCESSORS Windsor 3.80 15.28 561.35 3.44 14.79 543.44 TRANSFER Hamilton 3.75 15.23 559.51 3.45 14.80 543.81 Prescott N/A 3.32 14.67 539.03 Port Colborn3.39 14.87 546.29 3.55 14.90 547.48 Toledo El. -0.40 11.07 406.86 -0.74 10.61 389.79 Exchange rate was 1.3483 down 0.0021 Chicago wheat closed steady to slightly higher. MAR24 HI 6.00 JUL24 HI 5.93 LOW 5.79 3/4 LOW 5.74 1/2 CLOSE 5.83 1/4 Unchanged CLOSE 5.80 Up 2 Minni wheat closed slightly lower. MAR24 HI 6.72 SEP24 HI 6.84 3/4 LOW 6.50 1/4 LOW 6.66 CLOSE 6.51 1/4 Down 8 CLOSE 6.67 Down 4 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 1.15 N/A N/A N/A 1.20 N/A London 1.40 1.46 1.13 N/A 1.44 1.44 1.11 N/A Hensall 1.30 1.55 1.15 1.10 1.65 1.65 1.15 1.05 Trenton N/A N/A N/A N/A N/A N/A 1.15 N/A Bruce N/A 1.45 1.15 0.95 1.45 1.45 1.15 0.95 Essex N/A N/A 1.15 N/A N/A N/A 1.15 N/A Norwich 1.30 N/A 1.15 N/A 1.75 N/A 1.15 N/A Belmore N/A 1.00 1.15 0.90 1.20 1.15 1.15 N/A Kent Bridge 1.30 N/A 1.15 N/A 1.75 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 N/A 1.00 1.15 0.90 1.20 1.15 1.15 N/A Varna 1.30 1.55 1.15 N/A 1.65 1.65 1.15 N/A Mitchell 1.30 1.55 1.15 N/A 1.75 1.65 1.15 N/A Thornton 1.40 1.46 1.13 0.99 1.44 1.44 1.11 N/A North Gower N/A 1.20 1.50 1.02 N/A 1.17 1.47 0.97 W O Feed 1.92 TERMINAL Port Colbor N/A N/A 1.87 N/A N/A N/A 1.58 N/A PROCESSORS Toledo FM N/A N/A N/A N/A N/A N/A 1.89 N/A Toledo El. 5.48US 7.39CA 5.56US 7.50CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 564.28 DDG's FOB Aylm 260.00