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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, July 15

15 Jul 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, July 15 Exchange rate was 1.3651 up 0.0043 Chicago soybeans closed moderately lower. AUG24 HI 11.01 NOV24 HI 10.64 LOW 10.75 3/4 LOW 10.38 1/2 CLOSE10.78 Down 27 CLOSE 10.40 Down 25 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 3.25 14.03 515.51 2.75 13.15 483.18 CK High 3.30 14.08 517.35 2.90 13.30 488.69 CK Average 3.29 -0.47 14.07 517.09 2.79 -0.74 13.19 484.60 Essex Cty 3.30 14.08 517.35 2.80 13.20 485.02 Mdsx Low 3.20 13.98 513.68 2.72 13.12 482.08 Mdsx High 3.30 14.08 517.35 2.80 13.20 485.02 Mdsx Average3.28 -0.48 14.06 516.43 2.76 -0.76 13.16 483.36 Hensall 3.30 14.08 517.35 2.75 13.15 483.18 Bruce 3.10 13.88 510.00 2.75 13.15 483.18 Putnam 3.30 14.08 517.35 2.80 13.20 485.02 Guelph 3.15 13.93 511.84 2.83 13.23 486.12 Burford 3.25 14.03 515.51 2.77 13.17 483.91 Port Perry 3.09 13.87 509.64 2.61 13.01 478.04 Norfolk 3.30 14.08 517.35 2.80 13.20 485.02 Palmerston 3.30 14.08 517.35 2.75 13.15 483.18 Varna 3.30 14.08 517.35 2.75 13.15 483.18 Trenton N/A 2.70 13.10 481.34 Winchester 3.41 14.19 521.39 2.75 13.15 483.18 North Gower 3.00 13.78 506.33 2.80 13.20 485.02 Vankleek Hil2.32 13.10 481.34 2.54 12.94 475.46 Huron FOB 3.30 3.40 N/A N/A 14.08 517.35 2.75 13.15 483.18 Kent FOB 3.50 14.28 524.70 2.75 13.15 483.18 Lambton FOB 3.60 14.38 528.37 N/A Mdsx FOB 2.43 2.37 N/A N/A 13.21 485.38 2.77 13.17 483.91 PROCESSORS Windsor 4.02 14.80 543.81 3.17 13.57 498.61 TRANSFER Hamilton 3.70 14.48 532.05 3.30 13.70 503.39 Prescott N/A 3.11 13.51 496.41 Port Colborn N/A 3.31 13.71 503.76 Toledo El. -0.14 10.64 391.08 -0.82 9.58 352.04 Exchange rate was 1.3651 up 0.0043 Chicago wheat closed lower. SEP24 HI 5.52 1/2 JUL25 HI 6.15 1/2 LOW 5.31 LOW 5.97 1/4 CLOSE 5.32 1/2 Down 18 1/4 CLOSE 5.98 1/2 Down 17 3/4 Minni wheat closed moderately lower to lower. SEP24 HI 5.98 SEP25 HI 6.42 1/2 LOW 5.79 1/4 LOW 6.41 CLOSE 5.80 3/4 Down 16 3/4 CLOSE 6.41 Down 11 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 1.15 N/A London 1.75 1.75 0.88 N/A 1.45 1.65 1.04 N/A Hensall 1.80 1.75 0.90 1.30 1.65 1.80 1.05 N/A Trenton N/A N/A 1.05 N/A N/A N/A 1.15 N/A Bruce 1.70 1.75 1.10 1.20 1.45 1.80 1.05 N/A Essex N/A N/A 0.85 N/A N/A N/A 1.00 N/A Norwich 1.95 N/A 0.90 N/A 1.85 N/A 1.05 N/A Winchester N/A N/A 1.30 N/A N/A N/A N/A N/A Belmore 1.30 1.70 0.90 1.05 N/A 1.55 1.05 N/A Kent Bridge 1.95 N/A 0.90 N/A 1.85 N/A 1.05 N/A Chatham N/A N/A 0.90 N/A N/A N/A 1.00 N/A Brigden N/A N/A 0.90 N/A N/A N/A 1.00 N/A Palmerston 1.30 1.70 0.90 1.05 N/A 1.55 1.05 N/A Varna 1.80 1.75 0.90 N/A 1.65 1.80 1.05 N/A Mitchell 1.95 1.85 0.90 N/A 1.85 1.90 1.05 N/A Thornton 1.75 1.75 0.88 1.25 1.45 1.65 1.04 N/A North Gower N/A 1.00 1.25 0.97 N/A 1.03 1.38 0.52 W O Feed 1.51 TERMINAL Port Colbor N/A N/A 1.27 N/A N/A N/A 1.38 N/A PROCESSORS Toledo FM N/A N/A N/A N/A N/A N/A N/A N/A Toledo El. 4.98US 6.79CA 5.74US 7.83CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 593.94 DDG's FOB Aylm 205.00