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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, July 26

26 Jul 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, July 26 Exchange rate was 1.3818 up 0.0025 Chicago soybeans closed moderately lower to lower. NOV24 HI 10.80 1/2 NOV24 HI 10.80 1/2 LOW 10.45 LOW 10.45 CLOSE10.48 1/2 Down 31 CLOSE 10.48 1/2 Down 31 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV24+NOV24+NOV24 CK Low 3.80 14.29 524.88 2.95 13.44 493.65 CK High 3.85 14.34 526.72 3.10 13.59 499.16 CK Average 3.83 -0.12 14.32 526.14 3.01 -0.72 13.49 495.75 Essex Cty 3.85 14.34 526.72 3.05 13.54 497.33 Mdsx Low 3.79 14.28 524.52 2.90 13.39 491.81 Mdsx High 3.85 14.34 526.72 3.10 13.59 499.16 Mdsx Average3.81 -0.14 14.30 525.25 3.00 -0.73 13.49 495.49 Hensall 3.87 14.35 527.33 3.00 13.49 495.49 Bruce 3.80 14.29 524.88 2.95 13.44 493.65 Putnam 3.80 14.29 524.88 3.10 13.59 499.16 Guelph 3.85 14.34 526.72 3.10 13.59 499.16 Burford 3.84 14.33 526.35 2.95 13.44 493.65 Port Perry 3.68 14.17 520.47 2.79 13.28 487.77 Norfolk 3.85 14.34 526.72 3.05 13.54 497.33 Palmerston 3.90 14.39 528.56 3.00 13.49 495.49 Varna 3.90 14.39 528.56 3.00 13.49 495.49 Trenton N/A 2.85 13.34 489.98 Winchester 3.11 13.60 499.53 2.75 13.24 486.30 North Gower 3.29 13.78 506.14 2.75 13.24 486.30 Vankleek Hil2.87 13.36 490.71 2.87 13.36 490.71 Huron FOB N/A 4.00 N/A 3.00 3.00 13.49 495.49 Kent FOB 3.85 14.34 526.72 3.00 13.49 495.49 Lambton FOB 3.43 13.92 511.29 N/A Mdsx FOB 3.47 3.73 N/A 3.01 13.96 512.76 3.01 13.50 495.86 PROCESSORS Windsor 3.96 14.45 530.76 3.35 13.84 508.35 TRANSFER Hamilton 4.45 14.94 548.77 3.55 14.04 515.70 Prescott N/A 3.31 13.80 506.88 Port Colborn3.63 14.12 518.64 3.63 14.12 518.64 Toledo El. 0.35 10.83 397.95 -0.83 9.66 354.79 Exchange rate was 1.3818 up 0.0025 Chicago wheat closed moderately lower to lower. SEP24 HI 5.41 1/4 JUL25 HI 6.01 3/4 LOW 5.22 LOW 5.84 3/4 CLOSE 5.23 1/2 Down 14 1/4 CLOSE 5.86 3/4 Down 13 Minni wheat closed moderately lower to lower. SEP24 HI 6.12 3/4 SEP25 HI 6.40 3/4 LOW 5.86 1/2 LOW 6.40 3/4 CLOSE 5.88 1/2 Down 15 1/4 CLOSE 6.40 3/4 Down 12 1/2 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 1.05 N/A N/A N/A 1.15 N/A London 1.82 1.82 1.05 N/A 1.50 1.77 1.08 N/A Hensall 1.85 1.85 1.10 1.45 1.80 1.95 1.15 N/A Trenton N/A N/A 1.10 N/A N/A N/A 1.15 N/A Bruce 1.85 1.85 1.15 1.20 1.75 1.85 1.15 N/A Essex N/A N/A 1.05 N/A N/A N/A 1.20 N/A Norwich 1.90 N/A 1.05 N/A 1.85 N/A 1.15 N/A Winchester N/A N/A 1.30 N/A N/A N/A N/A N/A Belmore 1.30 1.70 1.20 1.05 N/A 1.55 1.15 N/A Kent Bridge 1.90 N/A 1.05 N/A 1.85 N/A 1.15 N/A Chatham N/A N/A 1.05 N/A N/A N/A 1.20 N/A Brigden N/A N/A 1.05 N/A N/A N/A 1.20 N/A Palmerston 1.30 1.70 1.20 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 1.10 N/A 1.85 1.90 1.15 N/A Thornton 1.82 1.82 1.05 1.41 1.50 1.77 1.08 N/A North Gower N/A 1.05 1.35 1.02 N/A 1.00 1.31 0.67 W O Feed 1.55 TERMINAL Port Colbor N/A N/A 1.51 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. 4.89US 6.75CA 5.62US 7.76CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 657.32 DDG's FOB Aylm 205.00