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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, September 19

19 Sep 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, September 19 Exchange rate was 1.3528 down 0.0017 Chicago soybeans closed slightly lower. NOV24 HI 10.18 1/4 NOV24 HI 10.18 1/4 LOW 10.06 3/4 LOW 10.06 3/4 CLOSE10.13 1/4 Down 3/4 CLOSE 10.13 1/4 Down 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 2.70 12.83 471.51 2.70 12.83 471.51 CK High 2.74 12.87 472.98 2.80 12.93 475.19 CK Average 2.72 -0.63 12.85 472.25 2.72 -0.63 12.85 472.16 Essex Cty N/A 2.70 12.83 471.51 Mdsx Low 2.72 12.85 472.25 2.70 12.83 471.51 Mdsx High 2.72 12.85 472.25 2.72 12.85 472.25 Mdsx Average2.72 -0.63 12.85 472.25 2.71 -0.64 12.84 471.70 Hensall N/A 2.68 12.82 470.90 Bruce N/A 2.65 12.78 469.68 Putnam N/A 2.70 12.83 471.51 Guelph N/A 2.67 12.80 470.41 Burford 2.78 12.91 474.45 2.78 12.91 474.45 Port Perry 2.62 12.75 468.57 2.62 12.75 468.57 Norfolk 2.75 12.88 473.35 2.75 12.88 473.35 Palmerston N/A 2.65 12.78 469.68 Varna N/A 2.65 12.78 469.68 Trenton N/A 2.60 12.73 467.84 Winchester N/A 2.54 12.67 465.63 North Gower N/A 2.40 12.53 460.49 Vankleek Hil2.50 12.63 464.16 2.50 12.63 464.16 Huron FOB N/A 2.50 2.50 2.68 2.50 12.63 464.16 Kent FOB 2.70 12.83 471.51 2.70 12.83 471.51 Lambton FOB N/A 2.70 12.83 471.51 Mdsx FOB 2.67 2.77 2.77 2.77 12.80 470.41 2.77 12.90 474.09 PROCESSORS Windsor 3.10 13.23 486.21 2.98 13.11 481.80 TRANSFER Hamilton 3.25 13.38 491.72 3.25 13.38 491.72 Prescott N/A 3.04 13.17 484.01 Port Colborn3.32 13.45 494.29 3.32 13.45 494.29 Toledo El. -0.74 9.39 344.97 -0.88 9.25 340.00 Exchange rate was 1.3528 down 0.0017 Chicago wheat closed moderately lower. DEC24 HI 5.77 1/4 JUL25 HI 6.12 1/4 LOW 5.64 LOW 6.00 3/4 CLOSE 5.65 1/2 Down 10 1/4 CLOSE 6.02 Down 10 1/4 Minni wheat closed slightly to moderately lower. DEC24 HI 6.16 SEP25 HI 6.60 1/2 LOW 6.06 1/4 LOW 6.55 1/4 CLOSE 6.07 3/4 Down 8 3/4 CLOSE 6.56 Down 5 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 1.71 1.58 0.66 N/A 1.84 1.84 1.03 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 0.65 N/A N/A N/A 1.00 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 0.65 N/A N/A N/A 1.00 N/A Brigden N/A N/A 0.65 N/A N/A N/A 1.00 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 1.71 1.58 0.66 1.07 1.84 1.84 1.03 N/A North Gower N/A 0.60 0.85 0.62 N/A 1.01 1.31 0.67 W O Feed 1.28 TERMINAL Port Colbor N/A N/A 1.23 N/A N/A N/A 1.43 N/A PROCESSORS Toledo FM N/A N/A 1.52 N/A N/A N/A N/A N/A Toledo El. N/A 5.77US 7.81CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 621.60 DDG's FOB Aylm 215.00