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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, August 28

28 Aug 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, August 28 Exchange rate was 1.3473 up 0.0032 Chicago soybeans closed slightly lower. NOV24 HI 9.88 NOV24 HI 9.88 LOW 9.72 3/4 LOW 9.72 3/4 CLOSE9.77 Down 9 1/2 CLOSE 9.77 Down 9 1/2 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 12.42 456.36 2.39 12.16 446.80 CK High 2.90 12.67 465.54 2.55 12.32 452.68 CK Average 2.78 -0.45 12.55 461.29 2.45 -0.70 12.22 448.96 Essex Cty 2.80 12.57 461.87 2.45 12.22 449.01 Mdsx Low 2.75 12.52 460.03 2.37 12.14 446.07 Mdsx High 2.80 12.57 461.87 2.55 12.32 452.68 Mdsx Average2.77 -0.46 12.54 460.67 2.44 -0.71 12.21 448.73 Hensall 2.78 12.55 461.26 2.37 12.14 445.95 Bruce 2.75 12.52 460.03 2.40 12.17 447.17 Putnam 2.75 12.52 460.03 2.55 12.32 452.68 Guelph 2.83 12.60 462.97 2.43 12.20 448.27 Burford 2.83 12.60 462.97 2.43 12.20 448.27 Port Perry 2.67 12.44 457.09 2.27 12.04 442.39 Norfolk 2.80 12.57 461.87 2.45 12.22 449.01 Palmerston 2.80 12.57 461.87 2.30 12.07 443.50 Varna 2.80 12.57 461.87 2.35 12.12 445.33 Trenton N/A 2.30 12.07 443.50 Winchester N/A 2.29 12.06 443.13 North Gower 2.62 12.39 455.25 2.30 12.07 443.50 Vankleek Hil2.21 11.98 440.19 2.21 11.98 440.19 Huron FOB 2.85 N/A 2.35 2.35 12.62 463.71 2.35 12.12 445.33 Kent FOB 2.75 12.52 460.03 2.40 12.17 447.17 Lambton FOB 3.00 12.77 469.22 2.45 12.22 449.01 Mdsx FOB 2.59 2.73 2.36 2.36 12.36 454.15 2.36 12.13 445.70 PROCESSORS Windsor 3.09 12.86 472.52 2.77 12.54 460.77 TRANSFER Hamilton 3.30 13.07 480.24 2.95 12.72 467.38 Prescott N/A 2.62 12.39 455.25 Port Colborn2.97 12.74 468.11 2.97 12.74 468.11 Toledo El. -0.47 9.30 341.66 -0.94 8.83 324.33 Exchange rate was 1.3473 up 0.0032 Chicago wheat closed slightly higher. DEC24 HI 5.43 3/4 JUL25 HI 5.81 1/2 LOW 5.33 LOW 5.71 1/2 CLOSE 5.41 1/2 Up 6 CLOSE 5.79 1/2 Up 6 1/2 Minni wheat closed moderately higher. DEC24 HI 5.85 3/4 SEP25 HI 6.40 LOW 5.71 1/4 LOW 6.32 CLOSE 5.83 3/4 Up 9 1/2 CLOSE 6.38 3/4 Up 7 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 0.60 N/A N/A N/A 0.95 N/A London 1.29 1.49 0.59 N/A 1.65 1.79 0.98 N/A Hensall 1.48 1.48 0.58 1.01 1.65 1.80 0.95 N/A Trenton N/A N/A 0.60 N/A N/A N/A 1.05 N/A Bruce 1.40 1.35 0.60 0.85 1.60 1.70 1.00 1.10 Essex N/A N/A 0.55 N/A N/A N/A 0.95 N/A Norwich 1.55 N/A 0.60 N/A 1.75 N/A 0.95 N/A Winchester N/A N/A 1.00 N/A N/A N/A N/A N/A Belmore 1.03 1.43 0.63 0.76 N/A 1.55 0.95 N/A Kent Bridge 1.55 N/A 0.60 N/A 1.75 N/A 0.95 N/A Chatham N/A N/A 0.55 N/A N/A N/A 0.95 N/A Brigden N/A N/A 0.55 N/A N/A N/A 0.95 N/A Palmerston 1.03 1.43 0.63 0.76 N/A 1.55 0.95 N/A Varna 1.48 1.48 0.58 N/A 1.65 1.80 0.95 N/A Mitchell 1.55 1.50 0.60 N/A 1.75 1.80 0.95 N/A Thornton 1.29 1.49 0.59 1.00 1.65 1.79 0.98 N/A North Gower N/A 0.68 0.98 0.63 N/A 0.92 1.22 0.62 W O Feed 1.25 TERMINAL Port Colbor N/A N/A 0.98 N/A N/A N/A 1.31 N/A PROCESSORS Toledo FM N/A N/A N/A N/A N/A N/A N/A N/A Toledo El. 4.80US 6.46CA 5.55US 7.47CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 609.37 DDG's FOB Aylm 205.00