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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, June 7

7 Jun 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, June 7 Exchange rate was 1.3744 up 0.0077 Chicago soybeans closed slightly to moderately lower. JUL24 HI 12.02 1/2 NOV24 HI 11.69 3/4 LOW 11.74 1/4 LOW 11.51 1/4 CLOSE11.79 1/4 Down 20 3/4 CLOSE 11.57 3/4 Down 9 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JUL24+AUG24+NOV24 CK Low 3.35 15.14 556.39 3.20 14.78 542.98 CK High 3.40 15.19 558.23 3.35 14.93 548.49 CK Average 3.37 -0.76 15.16 557.18 3.22 -0.81 14.80 543.82 Essex Cty 3.40 15.19 558.23 3.20 14.78 542.98 Mdsx Low 3.30 15.09 554.55 3.16 14.74 541.51 Mdsx High 3.35 15.14 556.39 3.25 14.83 544.82 Mdsx Average3.34 -0.78 15.13 555.93 3.20 -0.82 14.78 543.07 Hensall 3.28 15.08 553.94 3.10 14.68 539.31 Bruce 3.25 15.04 552.72 3.10 14.68 539.31 Putnam 3.35 15.14 556.39 3.25 14.83 544.82 Guelph 3.30 15.09 554.55 3.11 14.69 539.67 Burford 3.35 15.14 556.39 3.21 14.79 543.35 Port Perry 3.19 14.98 550.51 3.05 14.63 537.47 Norfolk 3.35 15.14 556.39 3.25 14.83 544.82 Palmerston 3.25 15.04 552.72 3.10 14.68 539.31 Varna 3.30 15.09 554.55 3.10 14.68 539.31 Trenton N/A 3.05 14.63 537.47 Winchester 3.17 14.96 549.78 2.79 14.37 527.92 North Gower 3.00 14.79 543.53 2.95 14.53 533.79 Vankleek Hil3.26 15.05 553.08 2.74 14.32 526.08 Huron FOB 3.27 3.42 3.44 N/A 15.06 553.45 3.10 14.68 539.31 Kent FOB 3.50 15.29 561.90 3.20 14.78 542.98 Lambton FOB 3.42 15.21 558.96 N/A Mdsx FOB 3.44 3.64 3.00 N/A 15.23 559.70 3.27 14.85 545.55 PROCESSORS Windsor 3.87 15.66 575.50 3.68 15.26 560.62 TRANSFER Hamilton 3.90 15.69 576.60 3.70 15.28 561.35 Prescott N/A 3.61 15.19 558.05 Port Colborn3.59 15.38 565.21 3.82 15.40 565.76 Toledo El. -0.48 11.31 415.63 -0.82 10.75 395.10 Exchange rate was 1.3744 up 0.0077 Chicago wheat closed moderately lower. JUL24 HI 6.39 1/2 JUL24 HI 6.39 1/2 LOW 6.18 1/4 LOW 6.18 1/4 CLOSE 6.27 1/2 Down 12 CLOSE 6.27 1/2 Down 12 Minni wheat closed moderately lower. JUL24 HI 7.07 3/4 SEP24 HI 7.16 1/2 LOW 6.90 1/4 LOW 7.00 1/4 CLOSE 6.94 1/2 Down 12 1/4 CLOSE 7.03 1/2 Down 12 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 1.50 N/A N/A N/A 1.50 N/A London 1.50 1.91 1.43 N/A 1.70 1.91 1.43 N/A Hensall 1.65 2.10 1.50 1.65 2.10 2.15 1.50 1.60 Trenton N/A N/A N/A N/A N/A N/A 1.45 N/A Bruce N/A 1.90 1.50 N/A 1.80 1.90 1.50 0.95 Essex N/A N/A 1.45 N/A N/A N/A 1.40 N/A Norwich N/A N/A 1.50 N/A 2.10 N/A 1.50 N/A Belmore N/A N/A N/A N/A 1.30 1.70 1.50 0.96 Kent Bridge N/A N/A 1.50 N/A 2.10 N/A 1.50 N/A Chatham N/A N/A N/A N/A N/A N/A 1.40 N/A Brigden N/A N/A 1.45 N/A N/A N/A 1.40 N/A Palmerston N/A N/A N/A N/A 1.30 1.70 1.50 0.96 Varna 1.65 2.10 1.50 N/A 2.10 2.15 1.50 N/A Mitchell N/A N/A 1.50 N/A 2.10 2.05 1.60 N/A Thornton 1.50 1.91 1.43 1.24 1.70 1.91 1.43 N/A North Gower N/A 1.20 1.50 1.12 N/A 1.32 1.62 0.97 W O Feed 1.99 TERMINAL Port Colbor N/A N/A 1.83 N/A N/A N/A 1.90 N/A PROCESSORS Toledo FM N/A N/A 2.01 N/A N/A N/A 2.14 N/A Toledo El. 6.03US 8.28CA 6.08US 8.35CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 634.61 DDG's FOB Aylm 230.00