FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, June 20
20 Jun 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, June 20 Exchange rate was 1.3662 down 0.0024 Chicago soybeans closed slightly to moderately lower. AUG24 HI 11.58 1/4 NOV24 HI 11.36 LOW 11.39 1/4 LOW 11.15 CLOSE11.39 3/4 Down 16 1/4 CLOSE 11.16 3/4 Down 15 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +AUG24+AUG24+NOV24 CK Low 3.30 14.70 540.04 3.03 14.20 521.67 CK High 3.48 14.88 546.65 3.20 14.37 527.92 CK Average 3.40 -0.57 14.79 543.61 3.11 -0.72 14.28 524.66 Essex Cty 3.45 14.85 545.55 3.10 14.27 524.24 Mdsx Low 3.30 14.70 540.04 2.98 14.15 519.83 Mdsx High 3.43 14.83 544.82 3.10 14.27 524.24 Mdsx Average3.36 -0.60 14.76 542.15 3.07 -0.75 14.24 523.14 Hensall 3.28 14.68 539.43 3.03 14.20 521.79 Bruce 3.26 14.66 538.57 3.05 14.22 522.40 Putnam 3.30 14.70 540.04 3.10 14.27 524.24 Guelph 3.25 14.65 538.20 3.05 14.22 522.40 Burford 3.48 14.88 546.65 3.03 14.20 521.67 Port Perry 3.32 14.72 540.78 2.87 14.04 515.79 Norfolk 3.40 14.80 543.72 3.10 14.27 524.24 Palmerston 3.30 14.70 540.04 3.05 14.22 522.40 Varna 3.30 14.70 540.04 3.05 14.22 522.40 Trenton N/A 2.90 14.07 516.89 Winchester 3.09 14.49 532.32 2.96 14.13 519.10 North Gower 3.26 14.66 538.57 2.95 14.12 518.73 Vankleek Hil3.36 14.76 542.25 2.71 13.88 509.91 Huron FOB 3.17 3.38 3.31 N/A 14.57 535.26 3.05 14.22 522.40 Kent FOB 3.50 14.90 547.39 3.10 14.27 524.24 Lambton FOB 3.21 14.61 536.73 N/A Mdsx FOB 3.46 3.59 3.11 N/A 14.86 545.92 3.16 14.33 526.45 PROCESSORS Windsor 3.99 15.39 565.39 3.47 14.64 537.84 TRANSFER Hamilton 3.85 15.25 560.25 3.60 14.77 542.61 Prescott N/A 3.42 14.59 536.00 Port Colborn3.54 14.94 548.86 3.70 14.87 546.29 Toledo El. -0.26 11.14 409.25 -0.82 10.35 380.22 Exchange rate was 1.3662 down 0.0024 Chicago wheat closed moderately lower. JUL24 HI 5.82 3/4 JUL24 HI 5.82 3/4 LOW 5.65 1/2 LOW 5.65 1/2 CLOSE 5.72 3/4 Down 9 1/4 CLOSE 5.72 3/4 Down 9 1/4 Minni wheat closed moderately lower. JUL24 HI 6.33 1/2 SEP24 HI 6.42 LOW 6.18 1/4 LOW 6.25 1/2 CLOSE 6.18 3/4 Down 14 CLOSE 6.25 3/4 Down 14 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 1.35 N/A N/A N/A 1.35 N/A London 1.31 1.93 1.24 N/A 1.79 1.93 1.24 N/A Hensall 1.55 2.00 1.30 1.50 2.00 2.05 1.30 1.45 Trenton N/A N/A N/A N/A N/A N/A 1.35 N/A Bruce N/A 1.85 1.35 N/A 1.85 1.85 1.35 1.05 Essex N/A N/A 1.10 N/A N/A N/A 1.10 N/A Norwich N/A N/A 1.35 N/A 2.10 N/A 1.35 N/A Belmore N/A N/A N/A N/A 1.30 1.70 1.30 0.98 Kent Bridge N/A N/A 1.35 N/A 2.10 N/A 1.35 N/A Chatham N/A N/A N/A 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 N/A N/A N/A 1.30 1.70 1.30 0.98 Varna 1.55 2.00 1.30 N/A 2.00 2.05 1.30 N/A Mitchell N/A N/A 1.35 N/A 2.10 2.15 1.35 N/A Thornton 1.31 1.93 1.24 1.44 1.79 1.93 1.24 N/A North Gower N/A 1.30 1.60 1.22 N/A 1.33 1.63 0.97 W O Feed 1.80 TERMINAL Port Colbor N/A N/A 1.65 N/A N/A N/A 1.71 N/A PROCESSORS Toledo FM N/A N/A 1.76 N/A N/A N/A 1.89 N/A Toledo El. 5.48US 7.48CA 5.53US 7.55CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 601.43 DDG's FOB Aylm 205.00