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

4 Jul 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, July 4 Exchange rate was 1.3588 down 0.0026 Markets in the U.S. were closed for the July 4 holiday. Chicago soybeans closed slightly higher on July 3. AUG24 HI 11.62 1/2 NOV24 HI 11.26 1/4 LOW 11.46 LOW 11.10 3/4 CLOSE11.57 3/4 Up 7 1/2 CLOSE 11.21 1/2 Up 8 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +AUG24+AUG24+NOV24 CK Low 3.31 14.89 547.02 2.98 14.20 521.58 CK High 3.45 15.03 552.17 3.15 14.37 527.82 CK Average 3.42 -0.54 15.00 551.17 3.03 -0.73 14.25 523.52 Essex Cty 3.45 15.03 552.17 3.05 14.27 524.15 Mdsx Low 3.26 14.84 545.18 2.93 14.15 519.74 Mdsx High 3.45 15.03 552.17 3.05 14.27 524.15 Mdsx Average3.40 -0.55 14.98 550.42 3.00 -0.76 14.21 522.13 Hensall 3.45 15.03 552.17 2.97 14.18 521.09 Bruce 3.45 15.03 552.17 3.00 14.22 522.31 Putnam 3.45 15.03 552.17 3.05 14.27 524.15 Guelph 3.25 14.83 544.82 3.03 14.25 523.41 Burford 3.31 14.89 547.02 2.98 14.20 521.58 Port Perry 3.15 14.73 541.14 2.82 14.04 515.70 Norfolk 3.45 15.03 552.17 3.05 14.27 524.15 Palmerston 3.50 15.08 554.00 3.05 14.27 524.15 Varna 3.45 15.03 552.17 2.95 14.17 520.47 Trenton N/A 2.90 14.12 518.64 Winchester 3.41 14.99 550.70 2.67 13.89 510.19 North Gower 3.25 14.83 544.82 2.85 14.07 516.80 Vankleek Hil3.07 14.65 538.20 2.78 14.00 514.23 Huron FOB 3.35 3.40 N/A N/A 14.93 548.49 2.95 14.17 520.47 Kent FOB 3.70 15.28 561.35 2.95 14.17 520.47 Lambton FOB 3.60 15.18 557.68 N/A Mdsx FOB 3.23 3.03 N/A N/A 14.81 544.08 3.05 14.27 524.15 PROCESSORS Windsor 4.03 15.61 573.48 3.41 14.63 537.38 TRANSFER Hamilton 4.00 15.58 572.38 3.55 14.77 542.52 Prescott N/A 3.38 14.60 536.27 Port Colborn N/A 3.59 14.81 543.99 Toledo El. -0.14 11.44 420.41 -0.82 10.40 382.12 Exchange rate was 1.3588 down 0.0026 Chicago wheat closed slightly lower on July 3. SEP24 HI 5.88 1/2 JUL25 HI 6.42 LOW 5.72 3/4 LOW 6.30 1/4 CLOSE 5.74 Down 7 CLOSE 6.32 1/2 Down 2 1/4 Minni wheat closed slightly to moderately lower on July 3. SEP24 HI 6.34 3/4 SEP25 HI 6.78 3/4 LOW 6.20 3/4 LOW 6.65 3/4 CLOSE 6.22 3/4 Down 8 1/4 CLOSE 6.67 Down 12 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 1.91 1.77 1.00 N/A 1.28 1.76 1.22 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 1.60 1.70 1.10 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 1.70 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 1.70 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 1.91 1.77 1.00 1.35 1.28 1.76 1.22 N/A North Gower N/A 1.10 1.40 0.87 N/A N/A N/A N/A W O Feed 1.75 TERMINAL Port Colbor N/A N/A 1.42 N/A N/A N/A 1.48 N/A PROCESSORS Toledo FM N/A N/A 1.72 N/A N/A N/A N/A N/A Toledo El. 5.39US 7.32CA 6.08US 8.25CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 608.60 DDG's FOB Aylm 205.00