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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, July 9

9 Jul 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, July 9 Exchange rate was 1.361 down 0.0006 Chicago soybeans closed slightly to moderately lower. AUG24 HI 11.53 NOV24 HI 11.01 LOW 11.28 1/2 LOW 10.77 1/2 CLOSE11.31 1/4 Down 17 3/4 CLOSE 10.80 Down 19 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 3.40 14.71 540.59 2.90 13.70 503.39 CK High 3.41 14.72 540.96 3.05 13.85 508.90 CK Average 3.40 -0.50 14.71 540.64 2.98 -0.68 13.78 506.33 Essex Cty 3.40 14.71 540.59 2.95 13.75 505.23 Mdsx Low 3.36 14.67 539.12 2.90 13.70 503.39 Mdsx High 3.40 14.71 540.59 3.00 13.80 507.06 Mdsx Average3.39 -0.51 14.70 540.22 2.93 -0.71 13.73 504.40 Hensall 3.40 14.71 540.59 2.90 13.70 503.39 Bruce 3.30 14.61 536.92 2.90 13.70 503.39 Putnam 3.40 14.71 540.59 3.00 13.80 507.06 Guelph 3.13 14.44 530.67 2.95 13.75 505.23 Burford 3.41 14.72 540.96 2.96 13.76 505.59 Port Perry 3.25 14.56 535.08 2.80 13.60 499.71 Norfolk 3.40 14.71 540.59 2.95 13.75 505.23 Palmerston 3.40 14.71 540.59 2.95 13.75 505.23 Varna 3.40 14.71 540.59 2.90 13.70 503.39 Trenton N/A 2.80 13.60 499.71 Winchester 3.25 14.56 535.08 2.85 13.65 501.55 North Gower 3.25 14.56 535.08 2.85 13.65 501.55 Vankleek Hil3.03 14.34 527.00 2.67 13.47 494.94 Huron FOB 3.40 3.50 N/A N/A 14.71 540.59 2.90 13.70 503.39 Kent FOB 3.60 14.91 547.94 2.85 13.65 501.55 Lambton FOB 3.60 14.91 547.94 N/A Mdsx FOB 2.49 2.42 N/A N/A 13.80 507.16 2.95 13.75 505.23 PROCESSORS Windsor 3.97 15.28 561.54 3.28 14.08 517.35 TRANSFER Hamilton 3.80 15.11 555.29 3.50 14.30 525.44 Prescott N/A 3.27 14.07 516.98 Port Colborn N/A 3.50 14.30 525.44 Toledo El. -0.14 11.18 410.66 -0.82 9.98 366.83 Exchange rate was 1.361 down 0.0006 Chicago wheat closed slightly higher. SEP24 HI 5.78 3/4 JUL25 HI 6.36 LOW 5.69 1/4 LOW 6.27 3/4 CLOSE 5.72 Up 1 1/2 CLOSE 6.30 Up 1/2 Minni wheat closed steady to slightly higher. SEP24 HI 6.23 3/4 SEP25 HI 6.71 1/2 LOW 6.13 1/2 LOW 6.66 3/4 CLOSE 6.17 1/2 Unchanged CLOSE 6.67 Up 1/4 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 1.10 N/A N/A N/A 1.15 N/A London 1.89 1.75 0.99 N/A 1.56 1.76 1.15 N/A Hensall 1.90 1.85 0.95 1.40 1.75 1.90 1.15 N/A Trenton N/A N/A 1.10 N/A N/A N/A 1.30 N/A Bruce 1.70 1.80 1.05 1.05 1.60 1.90 1.15 N/A Essex N/A N/A 0.95 N/A N/A N/A 1.10 N/A Norwich 1.90 N/A 1.00 N/A 1.85 N/A 1.15 N/A Belmore 1.30 1.70 0.95 1.05 N/A 1.55 1.15 N/A Kent Bridge 1.90 N/A 1.00 N/A 1.85 N/A 1.15 N/A Chatham N/A N/A 1.05 N/A N/A N/A 1.10 N/A Brigden N/A N/A 1.05 N/A N/A N/A 1.10 N/A Palmerston 1.30 1.70 0.95 1.05 N/A 1.55 1.15 N/A Varna 1.90 1.85 0.95 N/A 1.75 1.90 1.15 N/A Mitchell 1.90 1.90 1.00 N/A 1.85 1.90 1.15 N/A Thornton 1.89 1.75 0.99 1.37 1.56 1.76 1.15 N/A North Gower N/A 1.10 1.40 0.87 N/A N/A N/A N/A W O Feed 1.73 TERMINAL Port Colbor N/A N/A 1.41 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. 5.37US 7.31CA 6.05US 8.23CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 603.31 DDG's FOB Aylm 205.00