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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, July 16

16 Jul 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, July 16 Exchange rate was 1.3653 up 0.0002 Chicago soybeans closed slightly higher. AUG24 HI 10.96 1/2 NOV24 HI 10.52 LOW 10.76 3/4 LOW 10.37 1/4 CLOSE10.90 1/2 Up 12 1/2 CLOSE 10.43 1/4 Up 3 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 3.30 14.21 521.94 2.75 13.18 484.37 CK High 3.30 14.21 521.94 2.90 13.33 489.89 CK Average 3.30 -0.50 14.21 521.94 2.79 -0.74 13.23 486.00 Essex Cty 3.30 14.21 521.94 2.80 13.23 486.21 Mdsx Low 3.25 14.16 520.11 2.75 13.18 484.37 Mdsx High 3.30 14.21 521.94 2.80 13.23 486.21 Mdsx Average3.29 -0.51 14.19 521.49 2.77 -0.77 13.20 484.93 Hensall 3.30 14.21 521.94 2.75 13.18 484.37 Bruce 3.10 14.01 514.60 2.75 13.18 484.37 Putnam 3.30 14.21 521.94 2.80 13.23 486.21 Guelph 3.04 13.95 512.39 2.86 13.29 488.42 Burford 3.30 14.21 521.94 2.81 13.24 486.58 Port Perry 3.14 14.05 516.07 2.65 13.08 480.70 Norfolk 3.30 14.21 521.94 2.80 13.23 486.21 Palmerston 3.30 14.21 521.94 2.75 13.18 484.37 Varna 3.30 14.21 521.94 2.75 13.18 484.37 Trenton N/A 2.65 13.08 480.70 Winchester 3.10 14.01 514.60 2.75 13.18 484.37 North Gower 2.95 13.86 509.08 2.70 13.13 482.54 Vankleek Hil2.33 13.24 486.30 2.57 13.00 477.76 Huron FOB 3.30 3.40 N/A N/A 14.21 521.94 2.75 13.18 484.37 Kent FOB 3.50 14.41 529.29 2.75 13.18 484.37 Lambton FOB 3.60 14.51 532.97 N/A Mdsx FOB 2.38 2.85 N/A N/A 13.29 488.14 2.81 13.24 486.58 PROCESSORS Windsor 4.07 14.98 550.24 3.19 13.62 500.54 TRANSFER Hamilton 3.60 14.51 532.97 3.30 13.73 504.58 Prescott N/A 3.14 13.57 498.70 Port Colborn N/A 3.35 13.78 506.42 Toledo El. -0.14 10.77 395.67 -0.82 9.61 353.23 Exchange rate was 1.3653 up 0.0002 Chicago wheat closed slightly lower. SEP24 HI 5.37 1/2 JUL25 HI 6.02 3/4 LOW 5.25 1/4 LOW 5.92 CLOSE 5.30 3/4 Down 1 3/4 CLOSE 5.95 1/2 Down 3 Minni wheat closed slightly lower. SEP24 HI 5.85 3/4 SEP25 HI 6.40 LOW 5.75 1/4 LOW 6.35 3/4 CLOSE 5.75 3/4 Down 5 CLOSE 6.35 3/4 Down 5 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 0.90 N/A N/A N/A 1.05 N/A London 1.76 1.76 0.88 N/A 1.45 1.66 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 0.95 N/A N/A N/A 1.05 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 1.10 N/A Norwich 1.85 N/A 0.90 N/A 1.85 N/A 1.05 N/A Winchester N/A N/A 0.90 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 1.85 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 1.10 N/A Brigden N/A N/A 0.90 N/A N/A N/A 1.10 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 1.85 1.85 0.90 N/A 1.85 1.90 1.05 N/A Thornton 1.76 1.76 0.88 1.25 1.45 1.66 1.04 N/A North Gower N/A 1.00 1.30 1.02 N/A 1.02 1.32 0.52 W O Feed 1.50 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. 4.96US 6.77CA 5.71US 7.79CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 595.70 DDG's FOB Aylm 205.00