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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, July 10

10 Jul 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, July 10 Exchange rate was 1.3597 down 0.0013 Chicago soybeans closed slightly to moderately lower. AUG24 HI 11.38 NOV24 HI 10.85 1/2 LOW 11.12 LOW 10.66 CLOSE11.13 1/4 Down 18 CLOSE 10.67 Down 13 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 14.43 530.30 2.85 13.52 496.77 CK High 3.40 14.53 533.98 3.05 13.72 504.12 CK Average 3.35 -0.48 14.48 532.14 2.91 -0.68 13.58 498.98 Essex Cty 3.35 14.48 532.14 2.90 13.57 498.61 Mdsx Low 3.25 14.38 528.47 2.82 13.49 495.67 Mdsx High 3.35 14.48 532.14 2.90 13.57 498.61 Mdsx Average3.33 -0.50 14.46 531.22 2.86 -0.72 13.53 496.96 Hensall 3.35 14.48 532.14 2.85 13.52 496.77 Bruce 3.25 14.38 528.47 2.85 13.52 496.77 Putnam 3.35 14.48 532.14 2.90 13.57 498.61 Guelph 3.07 14.20 521.85 2.89 13.56 498.24 Burford 3.30 14.43 530.30 2.87 13.54 497.51 Port Perry 3.14 14.27 524.42 2.71 13.38 491.63 Norfolk 3.35 14.48 532.14 2.90 13.57 498.61 Palmerston 3.35 14.48 532.14 2.85 13.52 496.77 Varna 3.35 14.48 532.14 2.85 13.52 496.77 Trenton N/A 2.80 13.47 494.94 Winchester 3.15 14.28 524.79 2.73 13.40 492.37 North Gower 3.25 14.38 528.47 2.85 13.52 496.77 Vankleek Hil2.97 14.10 518.18 2.63 13.30 488.69 Huron FOB 3.35 3.45 N/A N/A 14.48 532.14 2.85 13.52 496.77 Kent FOB 3.55 14.68 539.49 2.80 13.47 494.94 Lambton FOB 3.60 14.73 541.33 N/A Mdsx FOB 2.45 2.38 N/A N/A 13.58 499.07 2.86 13.53 497.14 PROCESSORS Windsor 3.88 15.01 551.61 3.22 13.89 510.37 TRANSFER Hamilton 3.75 14.88 546.84 3.40 14.07 516.98 Prescott N/A 3.23 13.90 510.74 Port Colborn N/A 3.41 14.08 517.35 Toledo El. -0.14 11.00 404.05 -0.82 9.85 362.08 Exchange rate was 1.3597 down 0.0013 Chicago wheat closed moderately lower. SEP24 HI 5.72 1/4 JUL25 HI 6.29 LOW 5.56 1/4 LOW 6.16 1/2 CLOSE 5.61 1/2 Down 10 1/2 CLOSE 6.20 3/4 Down 9 1/4 Minni wheat closed slightly lower. SEP24 HI 6.18 1/2 SEP25 HI 6.61 LOW 6.06 1/2 LOW 6.61 CLOSE 6.11 Down 6 1/2 CLOSE 6.61 Down 6 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 1.82 1.82 1.00 N/A 1.49 1.69 1.08 N/A Hensall 1.90 1.85 1.00 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 Winchester N/A N/A 0.95 N/A N/A N/A N/A N/A Belmore 1.30 1.70 1.00 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 1.00 N/A N/A N/A 1.10 N/A Brigden N/A N/A 1.00 N/A N/A N/A 1.10 N/A Palmerston 1.30 1.70 1.00 1.05 N/A 1.55 1.15 N/A Varna 1.90 1.85 1.00 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 1.82 1.82 1.00 1.31 1.49 1.69 1.08 N/A North Gower N/A 1.10 1.40 0.87 N/A N/A N/A N/A W O Feed 1.70 TERMINAL Port Colbor N/A N/A 1.34 N/A N/A N/A 1.42 N/A PROCESSORS Toledo FM N/A N/A N/A N/A N/A N/A N/A N/A Toledo El. 5.27US 7.16CA 5.96US 8.10CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 599.89 DDG's FOB Aylm 205.00