FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, August 26
26 Aug 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, August 26 Exchange rate was 1.3468 down 0.0028 Chicago soybeans closed slightly higher. NOV24 HI 9.82 1/4 NOV24 HI 9.82 1/4 LOW 9.60 1/2 LOW 9.60 1/2 CLOSE9.80 3/4 Up 7 3/4 CLOSE 9.80 3/4 Up 7 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV24+NOV24+NOV24 CK Low 2.65 12.46 457.73 2.37 12.18 447.45 CK High 2.80 12.61 463.25 2.50 12.31 452.22 CK Average 2.77 -0.47 12.57 462.04 2.43 -0.72 12.24 449.70 Essex Cty 2.80 12.61 463.25 2.45 12.26 450.39 Mdsx Low 2.75 12.56 461.41 2.35 12.16 446.71 Mdsx High 2.80 12.61 463.25 2.55 12.36 454.06 Mdsx Average2.76 -0.47 12.57 461.87 2.43 -0.72 12.23 449.47 Hensall 2.78 12.59 462.63 2.37 12.17 447.32 Bruce 2.75 12.56 461.41 2.40 12.21 448.55 Putnam 2.75 12.56 461.41 2.55 12.36 454.06 Guelph 2.85 12.66 465.08 2.43 12.24 449.65 Burford 2.81 12.62 463.61 2.41 12.22 448.92 Port Perry 2.65 12.46 457.73 2.25 12.06 443.04 Norfolk 2.80 12.61 463.25 2.45 12.26 450.39 Palmerston 2.90 12.71 466.92 2.45 12.26 450.39 Varna 2.80 12.61 463.25 2.35 12.16 446.71 Trenton N/A 2.30 12.11 444.87 Winchester N/A 2.28 12.09 444.14 North Gower 3.08 12.89 473.53 2.50 12.31 452.22 Vankleek Hil2.28 12.09 444.14 2.28 12.09 444.14 Huron FOB 2.85 N/A 2.35 2.35 12.66 465.08 2.35 12.16 446.71 Kent FOB 2.75 12.56 461.41 2.40 12.21 448.55 Lambton FOB 3.00 12.81 470.60 2.60 12.41 455.90 Mdsx FOB 2.57 2.71 2.34 2.34 12.38 454.80 2.34 12.15 446.34 PROCESSORS Windsor 3.17 12.98 476.84 2.78 12.59 462.51 TRANSFER Hamilton 3.30 13.11 481.62 2.95 12.76 468.76 Prescott N/A 2.72 12.53 460.31 Port Colborn2.95 12.76 468.76 2.95 12.76 468.76 Toledo El. -0.27 9.54 350.47 -0.94 8.86 325.72 Exchange rate was 1.3468 down 0.0028 Chicago wheat closed slightly lower. SEP24 HI 5.06 JUL25 HI 5.69 3/4 LOW 4.95 1/2 LOW 5.60 3/4 CLOSE 4.98 Down 4 1/4 CLOSE 5.63 3/4 Down 3 1/4 Minni wheat closed mixed. SEP24 HI 5.51 SEP25 HI 6.27 1/4 LOW 5.37 1/2 LOW 6.20 CLOSE 5.41 1/2 Down 10 1/4 CLOSE 6.27 1/4 Up 3 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 0.90 N/A N/A N/A 0.95 N/A London 1.53 1.73 0.83 N/A 1.62 1.75 0.95 N/A Hensall 1.75 1.75 0.85 1.30 1.65 1.80 0.95 N/A Trenton N/A N/A 1.00 N/A N/A N/A 1.10 N/A Bruce 1.76 1.70 0.95 1.10 1.65 1.75 1.05 N/A Essex N/A N/A 0.80 N/A N/A N/A 0.95 N/A Norwich 1.80 N/A 0.85 N/A 1.75 N/A 0.95 N/A Winchester N/A N/A 1.20 N/A N/A N/A N/A N/A Belmore 1.30 1.70 1.00 1.05 N/A 1.55 1.05 N/A Kent Bridge 1.80 N/A 0.85 N/A 1.75 N/A 0.95 N/A Chatham N/A N/A 0.80 N/A N/A N/A 0.95 N/A Brigden N/A N/A 0.80 N/A N/A N/A 0.95 N/A Palmerston 1.30 1.70 1.00 1.05 N/A 1.55 1.05 N/A Varna 1.75 1.75 0.85 N/A 1.65 1.80 0.95 N/A Mitchell 1.80 1.75 0.85 N/A 1.75 1.80 0.95 N/A Thornton 1.53 1.73 0.83 1.00 1.62 1.75 0.95 N/A North Gower N/A 1.05 1.35 1.02 N/A 1.02 1.32 0.67 W O Feed 1.31 TERMINAL Port Colbor N/A N/A 1.22 N/A N/A N/A 1.28 N/A PROCESSORS Toledo FM N/A N/A N/A N/A N/A N/A N/A N/A Toledo El. 4.63US 6.24CA 5.39US 7.26CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 652.69 DDG's FOB Aylm 205.00