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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, July 22

22 Jul 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, July 22 Exchange rate was 1.3729 up 0.0017 Chicago soybeans closed moderately higher to higher. AUG24 HI 11.19 3/4 NOV24 HI 10.69 3/4 LOW 11.00 1/2 LOW 10.40 1/2 CLOSE11.17 3/4 Up 20 1/2 CLOSE 10.68 3/4 Up 32 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +AUG24+AUG24+NOV24 CK Low 3.16 14.34 526.81 2.80 13.49 495.58 CK High 3.45 14.63 537.47 3.00 13.69 502.93 CK Average 3.33 -0.61 14.50 532.90 2.93 -0.77 13.62 500.30 Essex Cty 3.45 14.63 537.47 3.00 13.69 502.93 Mdsx Low 3.16 14.34 526.81 2.85 13.54 497.42 Mdsx High 3.45 14.63 537.47 2.95 13.64 501.09 Mdsx Average3.26 -0.66 14.44 530.40 2.90 -0.79 13.59 499.26 Hensall 3.25 14.43 530.24 2.82 13.50 496.19 Bruce 3.16 14.34 526.81 2.80 13.49 495.58 Putnam 3.16 14.34 526.81 2.90 13.59 499.26 Guelph 3.23 14.41 529.39 2.87 13.56 498.15 Burford 3.31 14.49 532.32 2.90 13.59 499.26 Port Perry 3.15 14.33 526.45 2.74 13.43 493.38 Norfolk 3.45 14.63 537.47 3.00 13.69 502.93 Palmerston 3.30 14.48 531.96 2.80 13.49 495.58 Varna 3.30 14.48 531.96 2.80 13.49 495.58 Trenton N/A 2.75 13.44 493.74 Winchester 3.02 14.20 521.67 2.70 13.39 491.91 North Gower 2.95 14.13 519.10 2.70 13.39 491.91 Vankleek Hil2.25 13.43 493.38 2.65 13.34 490.07 Huron FOB 3.25 3.30 N/A N/A 14.43 530.12 2.80 13.49 495.58 Kent FOB 3.50 14.68 539.31 2.95 13.64 501.09 Lambton FOB 3.09 14.27 524.24 N/A Mdsx FOB 2.86 3.19 N/A N/A 14.04 515.79 2.89 13.58 498.89 PROCESSORS Windsor 3.74 14.92 548.12 3.35 14.04 515.79 TRANSFER Hamilton 3.85 15.03 552.17 3.50 14.19 521.30 Prescott N/A 3.22 13.91 511.01 Port Colborn N/A 3.51 14.20 521.67 Toledo El. -0.12 11.05 406.16 -0.82 9.86 362.43 Exchange rate was 1.3729 up 0.0017 Chicago wheat closed slightly higher. SEP24 HI 5.53 1/2 JUL25 HI 6.11 1/2 LOW 5.40 1/4 LOW 6.01 1/4 CLOSE 5.48 Up 5 1/4 CLOSE 6.08 1/4 Up 5 Minni wheat closed slightly to moderately higher. SEP24 HI 6.25 1/2 SEP25 HI 6.66 1/4 LOW 6.11 LOW 6.66 1/4 CLOSE 6.22 3/4 Up 13 CLOSE 6.66 1/4 Up 5 3/4 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 0.95 N/A N/A N/A 1.10 N/A London 1.82 1.82 0.95 N/A 1.50 1.71 1.09 N/A Hensall 1.85 1.85 1.10 1.45 1.80 1.95 1.15 N/A Trenton N/A N/A 0.95 N/A N/A N/A 1.05 N/A Bruce 1.70 1.80 1.10 1.20 1.75 1.85 1.15 N/A Essex N/A N/A 0.95 N/A N/A N/A 1.15 N/A Norwich 1.90 N/A 1.00 N/A 1.85 N/A 1.15 N/A Winchester N/A N/A 1.09 N/A N/A N/A N/A N/A Belmore 1.30 1.70 1.15 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 1.15 N/A Brigden N/A N/A 1.00 N/A N/A N/A 1.15 N/A Palmerston 1.30 1.70 1.15 1.05 N/A 1.55 1.15 N/A Varna 1.85 1.85 1.10 N/A 1.80 1.95 1.15 N/A Mitchell 1.90 1.85 1.00 N/A 1.85 1.90 1.15 N/A Thornton 1.82 1.82 0.95 1.41 1.50 1.71 1.09 N/A North Gower N/A 1.00 1.30 1.02 N/A 1.00 1.30 0.52 W O Feed 1.60 TERMINAL Port Colbor N/A N/A 1.34 N/A N/A N/A 1.43 N/A PROCESSORS Toledo FM N/A N/A N/A N/A N/A N/A N/A N/A Toledo El. 5.13US 7.04CA 5.83US 8.01CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 604.74 DDG's FOB Aylm 205.00