FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, September 16
16 Sep 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, September 16 Exchange rate was 1.3557 down 0.0005 Chicago soybeans closed slightly lower. NOV24 HI 10.12 NOV24 HI 10.12 LOW 9.99 LOW 9.99 CLOSE10.04 1/2 Down 1 3/4 CLOSE 10.04 1/2 Down 1 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV24+NOV24+JAN25 CK Low 2.64 12.69 466.09 2.64 12.69 466.09 CK High 2.70 12.75 468.30 2.75 12.80 470.14 CK Average 2.67 -0.67 12.72 467.20 2.69 -0.65 12.74 468.02 Essex Cty N/A 2.70 12.75 468.30 Mdsx Low 2.62 12.67 465.36 2.62 12.67 465.36 Mdsx High 2.62 12.67 465.36 2.70 12.75 468.30 Mdsx Average2.62 -0.70 12.67 465.36 2.66 -0.68 12.70 466.65 Hensall N/A 2.65 12.70 466.46 Bruce N/A 2.65 12.70 466.46 Putnam N/A 2.65 12.70 466.46 Guelph N/A 2.64 12.69 466.09 Burford 2.68 12.73 467.56 2.68 12.73 467.56 Port Perry 2.52 12.57 461.68 2.52 12.57 461.68 Norfolk N/A 2.75 12.80 470.14 Palmerston N/A 2.55 12.60 462.79 Varna 2.60 12.65 464.62 2.65 12.70 466.46 Trenton N/A 2.55 12.60 462.79 Winchester N/A 2.52 12.57 461.68 North Gower N/A 2.40 12.45 457.28 Vankleek Hil2.51 12.56 461.32 2.51 12.56 461.32 Huron FOB N/A 2.55 2.55 2.68 2.55 12.60 462.79 Kent FOB 2.70 12.75 468.30 2.70 12.75 468.30 Lambton FOB N/A 2.70 12.75 468.30 Mdsx FOB 2.60 2.71 2.71 2.70 12.65 464.62 2.71 12.76 468.67 PROCESSORS Windsor 3.19 13.24 486.30 2.98 13.03 478.59 TRANSFER Hamilton 3.25 13.30 488.51 3.25 13.30 488.51 Prescott N/A 2.94 12.99 477.12 Port Colborn3.25 13.30 488.51 3.25 13.30 488.51 Toledo El. -0.88 9.16 336.71 -0.88 9.16 336.71 Exchange rate was 1.3557 down 0.0005 Chicago wheat closed moderately lower to lower. DEC24 HI 5.96 JUL25 HI 6.27 1/2 LOW 5.74 1/4 LOW 6.09 1/4 CLOSE 5.78 1/2 Down 16 1/4 CLOSE 6.13 3/4 Down 13 1/4 Minni wheat closed moderately lower to lower. DEC24 HI 6.33 SEP25 HI 6.62 LOW 6.13 1/4 LOW 6.58 1/4 CLOSE 6.19 3/4 Down 15 3/4 CLOSE 6.62 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 0.70 N/A N/A N/A 1.05 N/A London 1.75 1.58 0.70 N/A 1.86 1.86 1.05 N/A Hensall 1.60 1.60 0.70 1.10 1.75 1.90 1.05 1.25 Trenton N/A N/A 0.60 N/A N/A N/A 1.05 N/A Bruce 1.50 1.50 0.70 0.85 1.75 1.85 1.05 1.10 Essex N/A N/A 0.70 N/A N/A N/A 1.05 N/A Norwich 1.65 N/A 0.70 N/A 1.90 N/A 1.05 N/A Winchester N/A N/A 0.85 N/A N/A N/A N/A N/A Belmore 1.20 1.40 0.65 0.85 N/A 1.55 1.00 N/A Kent Bridge 1.65 N/A 0.70 N/A 1.90 N/A 1.05 N/A Chatham N/A N/A 0.70 N/A N/A N/A 1.05 N/A Brigden N/A N/A 0.70 N/A N/A N/A 1.05 N/A Palmerston 1.20 1.40 0.65 0.85 N/A 1.55 1.00 N/A Varna 1.60 1.60 0.70 N/A 1.75 2.15 1.05 N/A Mitchell 1.65 1.60 0.70 N/A 1.90 1.90 1.05 N/A Thornton 1.75 1.58 0.70 1.05 1.86 1.86 1.05 N/A North Gower N/A 0.60 0.85 0.62 N/A 1.01 1.31 0.67 W O Feed 1.36 TERMINAL Port Colbor N/A N/A 1.27 N/A N/A N/A 1.45 N/A PROCESSORS Toledo FM N/A N/A 1.58 N/A N/A N/A N/A N/A Toledo El. 5.54US 7.50CA 5.89US 7.98CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 633.95 DDG's FOB Aylm NA