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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, August 29

29 Aug 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, August 29 Exchange rate was 1.3468 down 0.0005 Chicago soybeans closed slightly to moderately higher. NOV24 HI 9.92 3/4 NOV24 HI 9.92 3/4 LOW 9.75 LOW 9.75 CLOSE9.92 1/2 Up 15 1/2 CLOSE 9.92 1/2 Up 15 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 12.58 462.05 2.40 12.33 452.87 CK High 2.90 12.83 471.24 2.55 12.48 458.38 CK Average 2.79 -0.49 12.71 467.04 2.46 -0.73 12.38 454.91 Essex Cty 2.80 12.73 467.56 2.45 12.38 454.70 Mdsx Low 2.75 12.68 465.73 2.40 12.33 452.87 Mdsx High 2.80 12.73 467.56 2.55 12.48 458.38 Mdsx Average2.77 -0.50 12.70 466.46 2.46 -0.73 12.38 454.89 Hensall 2.78 12.71 466.95 2.40 12.33 452.87 Bruce 2.75 12.68 465.73 2.40 12.33 452.87 Putnam 2.75 12.68 465.73 2.55 12.48 458.38 Guelph 2.83 12.76 468.67 2.43 12.36 453.97 Burford 2.84 12.77 469.03 2.48 12.41 455.81 Port Perry 2.68 12.61 463.15 2.32 12.25 449.93 Norfolk 2.80 12.73 467.56 2.45 12.38 454.70 Palmerston 2.80 12.73 467.56 2.40 12.33 452.87 Varna 2.80 12.73 467.56 2.40 12.33 452.87 Trenton N/A 2.30 12.23 449.19 Winchester N/A 2.33 12.26 450.29 North Gower 2.61 12.54 460.58 2.30 12.23 449.19 Vankleek Hil2.34 12.27 450.66 2.34 12.27 450.66 Huron FOB 2.85 N/A 2.40 2.40 12.78 469.40 2.40 12.33 452.87 Kent FOB 2.70 12.63 463.89 2.40 12.33 452.87 Lambton FOB N/A 2.45 12.38 454.70 Mdsx FOB N/A 2.64 2.47 2.47 2.47 12.40 455.44 PROCESSORS Windsor 3.14 13.07 480.06 2.82 12.75 468.30 TRANSFER Hamilton 3.30 13.23 485.94 2.95 12.88 473.08 Prescott N/A 2.78 12.71 466.83 Port Colborn3.02 12.95 475.65 3.09 13.02 478.22 Toledo El. -0.47 9.45 347.36 -0.94 8.98 330.04 Exchange rate was 1.3468 down 0.0005 Chicago wheat closed slightly to moderately higher. DEC24 HI 5.49 1/2 JUL25 HI 5.86 LOW 5.35 LOW 5.74 3/4 CLOSE 5.48 3/4 Up 7 1/4 CLOSE 5.85 3/4 Up 6 1/4 Minni wheat closed slightly to moderately higher. DEC24 HI 5.92 SEP25 HI 6.41 1/4 LOW 5.80 1/2 LOW 6.34 3/4 CLOSE 5.90 1/2 Up 6 3/4 CLOSE 6.41 1/4 Up 2 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 1.33 1.53 0.63 N/A 1.66 1.80 0.99 N/A Hensall 1.50 1.50 0.60 1.00 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 1.55 1.65 0.95 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 0.65 N/A N/A N/A N/A N/A Belmore 1.20 1.40 0.60 0.85 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 1.20 1.40 0.60 0.85 N/A 1.55 0.95 N/A Varna 1.50 1.50 0.60 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 1.33 1.53 0.63 0.91 1.66 1.80 0.99 N/A North Gower N/A 0.71 1.01 0.64 N/A 0.91 1.21 0.62 W O Feed 1.43 TERMINAL Port Colbor N/A N/A 1.02 N/A N/A N/A 1.32 N/A PROCESSORS Toledo FM N/A N/A N/A N/A N/A N/A N/A N/A Toledo El. 5.05US 6.80CA 5.61US 7.55CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 606.94 DDG's FOB Aylm 205.00