News & Resources

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, July 2

2 Jul 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, July 2 Exchange rate was 1.3657 down 0.0062 Chicago soybeans closed mixed. AUG24 HI 11.61 3/4 NOV24 HI 11.24 LOW 11.43 3/4 LOW 11.08 3/4 CLOSE11.50 1/4 Up 4 1/4 CLOSE 11.13 Up 2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +AUG24+AUG24+NOV24 CK Low 3.45 14.95 549.41 3.05 14.18 521.03 CK High 3.55 15.05 553.08 3.20 14.33 526.54 CK Average 3.52 -0.50 15.02 551.93 3.08 -0.73 14.21 522.08 Essex Cty 3.55 15.05 553.08 3.10 14.23 522.86 Mdsx Low 3.48 14.98 550.51 3.00 14.13 519.19 Mdsx High 3.55 15.05 553.08 3.10 14.23 522.86 Mdsx Average3.51 -0.51 15.01 551.52 3.05 -0.75 14.18 521.03 Hensall 3.50 15.00 551.25 3.05 14.18 521.03 Bruce 3.40 14.90 547.57 3.00 14.13 519.19 Putnam 3.50 15.00 551.25 3.10 14.23 522.86 Guelph 3.35 14.85 545.74 3.00 14.13 519.19 Burford 3.53 15.03 552.35 3.05 14.18 521.03 Port Perry 3.37 14.87 546.47 2.89 14.02 515.15 Norfolk 3.55 15.05 553.08 3.10 14.23 522.86 Palmerston 3.50 15.00 551.25 3.05 14.18 521.03 Varna 3.50 15.00 551.25 3.05 14.18 521.03 Trenton N/A 2.80 13.93 511.84 Winchester 3.23 14.73 541.33 2.85 13.98 513.68 North Gower 3.25 14.75 542.06 2.85 13.98 513.68 Vankleek Hil3.16 14.66 538.75 2.85 13.98 513.68 Huron FOB 3.58 3.63 N/A N/A 15.08 554.19 3.05 14.18 521.03 Kent FOB 3.80 15.30 562.27 3.05 14.18 521.03 Lambton FOB 3.60 15.10 554.92 N/A Mdsx FOB 3.50 3.02 N/A N/A 15.00 551.25 3.11 14.24 523.23 PROCESSORS Windsor 4.08 15.58 572.56 3.45 14.58 535.72 TRANSFER Hamilton 4.10 15.60 573.29 3.65 14.78 543.07 Prescott N/A 3.42 14.55 534.62 Port Colborn3.45 14.95 549.41 3.66 14.79 543.44 Toledo El. -0.14 11.37 417.63 -0.82 10.31 378.85 Exchange rate was 1.3657 down 0.0062 Chicago wheat closed slightly to moderately lower. SEP24 HI 5.90 1/4 JUL25 HI 6.41 LOW 5.78 1/2 LOW 6.33 3/4 CLOSE 5.81 Down 9 1/4 CLOSE 6.34 3/4 Down 7 Minni wheat closed mixed. SEP24 HI 6.36 1/4 SEP25 HI 6.79 LOW 6.25 1/4 LOW 6.71 1/2 CLOSE 6.31 Down 1 1/4 CLOSE 6.79 Up 5 1/2 Direct MarkHarvest 2024 Harvest 2025 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 1.00 N/A N/A N/A 1.20 N/A London 1.96 1.82 1.00 N/A 1.33 1.81 1.26 N/A Hensall 1.90 1.85 1.00 1.40 1.80 1.95 1.20 N/A Trenton N/A N/A 1.10 N/A N/A N/A 1.30 N/A Bruce 1.50 1.50 1.00 1.05 1.50 1.70 1.20 N/A Essex N/A N/A 1.00 N/A N/A N/A 1.15 N/A Norwich 1.90 N/A 1.00 N/A 1.85 N/A 1.20 N/A Belmore 1.30 1.60 1.00 1.05 N/A 1.55 1.00 N/A Kent Bridge 1.90 N/A 1.00 N/A 1.85 N/A 1.20 N/A Chatham N/A N/A 1.00 N/A N/A N/A 1.15 N/A Brigden N/A N/A 1.00 N/A N/A N/A 1.15 N/A Palmerston 1.30 1.60 1.00 1.05 N/A 1.55 1.00 N/A Varna 1.90 1.85 1.00 N/A 1.80 1.95 1.20 N/A Mitchell 1.90 2.00 1.00 N/A 1.85 1.90 1.20 N/A Thornton 1.96 1.82 1.00 1.40 1.33 1.81 1.26 N/A North Gower N/A 1.10 1.40 0.87 N/A N/A N/A N/A W O Feed 1.65 TERMINAL Port Colbor N/A N/A 1.47 N/A N/A N/A 1.53 N/A PROCESSORS Toledo FM N/A N/A 1.78 N/A N/A N/A N/A N/A Toledo El. 5.46US 7.46CA 6.10US 8.33CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 616.09 DDG's FOB Aylm 205.00