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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, September 18

18 Sep 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, September 18 Exchange rate was 1.3545 down 0.0016 Chicago soybeans closed slightly higher. NOV24 HI 10.22 NOV24 HI 10.22 LOW 10.06 1/4 LOW 10.06 1/4 CLOSE10.14 Up 8 CLOSE 10.14 Up 8 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV24+NOV24+JAN25 CK Low 2.70 12.84 471.79 2.70 12.84 471.79 CK High 2.74 12.88 473.26 2.80 12.94 475.46 CK Average 2.72 -0.65 12.86 472.52 2.72 -0.65 12.86 472.43 Essex Cty N/A 2.70 12.84 471.79 Mdsx Low 2.72 12.86 472.52 2.70 12.84 471.79 Mdsx High 2.72 12.86 472.52 2.72 12.86 472.52 Mdsx Average2.72 -0.65 12.86 472.52 2.71 -0.66 12.85 471.97 Hensall N/A 2.70 12.84 471.79 Bruce N/A 2.65 12.79 469.95 Putnam N/A 2.70 12.84 471.79 Guelph N/A 2.69 12.83 471.42 Burford 2.78 12.92 474.73 2.78 12.92 474.73 Port Perry 2.62 12.76 468.85 2.62 12.76 468.85 Norfolk 2.75 12.89 473.63 2.75 12.89 473.63 Palmerston N/A 2.65 12.79 469.95 Varna N/A 2.70 12.84 471.79 Trenton N/A 2.60 12.74 468.11 Winchester N/A 2.52 12.66 465.18 North Gower N/A 2.40 12.54 460.77 Vankleek Hil2.54 12.68 465.91 2.54 12.68 465.91 Huron FOB N/A 2.60 2.60 2.70 2.60 12.74 468.11 Kent FOB 2.70 12.84 471.79 2.70 12.84 471.79 Lambton FOB N/A 2.70 12.84 471.79 Mdsx FOB 2.68 2.78 2.78 2.78 12.82 471.05 2.78 12.92 474.73 PROCESSORS Windsor 3.19 13.33 489.79 2.98 13.12 482.08 TRANSFER Hamilton 3.25 13.39 492.00 3.25 13.39 492.00 Prescott N/A 3.08 13.22 485.75 Port Colborn3.33 13.47 494.94 3.33 13.47 494.94 Toledo El. -0.74 9.40 345.21 -0.88 9.26 340.23 Exchange rate was 1.3545 down 0.0016 Chicago wheat closed steady. DEC24 HI 5.82 3/4 JUL25 HI 6.18 1/4 LOW 5.73 LOW 6.09 3/4 CLOSE 5.75 3/4 Unchanged CLOSE 6.12 1/4 Unchanged Minni wheat closed slightly lower. DEC24 HI 6.25 1/4 SEP25 HI 6.68 1/2 LOW 6.15 1/2 LOW 6.61 CLOSE 6.16 1/2 Down 4 1/2 CLOSE 6.61 Down 3 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 1.74 1.61 0.70 N/A 1.87 1.87 1.06 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 0.70 0.85 N/A 1.55 1.05 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 0.70 0.85 N/A 1.55 1.05 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 1.74 1.61 0.70 1.11 1.87 1.87 1.06 N/A North Gower N/A 0.60 0.85 0.62 N/A 1.01 1.31 0.67 W O Feed 1.34 TERMINAL Port Colbor N/A N/A 1.26 N/A N/A N/A 1.46 N/A PROCESSORS Toledo FM N/A N/A 1.57 N/A N/A N/A N/A N/A Toledo El. N/A 5.87US 7.95CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 619.40 DDG's FOB Aylm 215.00