FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, September 20
20 Sep 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, September 20 Exchange rate was 1.3535 up 0.0007 Chicago soybeans closed slightly lower. NOV24 HI 10.19 NOV24 HI 10.19 LOW 10.01 1/4 LOW 10.01 1/4 CLOSE10.12 Down 1 1/4 CLOSE 10.12 Down 1 1/4 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 12.82 471.05 2.65 12.77 469.22 CK High 2.71 12.83 471.42 2.75 12.87 472.89 CK Average 2.71 -0.64 12.83 471.24 2.70 -0.65 12.82 471.10 Essex Cty N/A 2.70 12.82 471.05 Mdsx Low 2.69 12.81 470.69 2.65 12.77 469.22 Mdsx High 2.69 12.81 470.69 2.70 12.82 471.05 Mdsx Average2.69 -0.66 12.81 470.69 2.67 -0.67 12.79 470.04 Hensall N/A 2.68 12.80 470.44 Bruce N/A 2.65 12.77 469.22 Putnam N/A 2.65 12.77 469.22 Guelph N/A 2.69 12.81 470.69 Burford 2.75 12.87 472.89 2.75 12.87 472.89 Port Perry 2.59 12.71 467.01 2.59 12.71 467.01 Norfolk 2.75 12.87 472.89 2.75 12.87 472.89 Palmerston N/A 2.70 12.82 471.05 Varna N/A 2.70 12.82 471.05 Trenton N/A 2.60 12.72 467.38 Winchester N/A 2.48 12.60 462.97 North Gower N/A 2.40 12.52 460.03 Vankleek Hil2.46 12.58 462.24 2.46 12.58 462.24 Huron FOB N/A 2.70 2.70 2.72 2.70 12.82 471.05 Kent FOB 2.70 12.82 471.05 2.70 12.82 471.05 Lambton FOB N/A 2.70 12.82 471.05 Mdsx FOB 2.64 2.68 2.68 2.67 12.76 468.85 2.68 12.80 470.32 PROCESSORS Windsor 3.11 13.23 486.12 2.98 13.10 481.34 TRANSFER Hamilton 3.25 13.37 491.26 3.25 13.37 491.26 Prescott N/A 3.00 13.12 482.08 Port Colborn3.29 13.41 492.73 3.20 13.32 489.43 Toledo El. -0.74 9.38 344.49 -0.88 9.24 339.52 Exchange rate was 1.3535 up 0.0007 Chicago wheat closed slightly higher. DEC24 HI 5.75 3/4 JUL25 HI 6.10 1/4 LOW 5.65 1/4 LOW 6.01 3/4 CLOSE 5.68 1/2 Up 3 CLOSE 6.03 3/4 Up 1 3/4 Minni wheat closed narrowly mixed. DEC24 HI 6.14 3/4 SEP25 HI 6.61 1/4 LOW 6.06 1/4 LOW 6.54 1/4 CLOSE 6.08 Up 1/4 CLOSE 6.54 1/4 Down 1 3/4 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 1.70 1.56 0.65 N/A 1.82 1.82 1.01 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 1.70 1.56 0.65 1.04 1.82 1.82 1.01 N/A North Gower N/A 0.60 0.85 0.62 N/A 1.01 1.31 0.67 W O Feed 1.30 TERMINAL Port Colbor N/A N/A 1.22 N/A N/A N/A 1.41 N/A PROCESSORS Toledo FM N/A N/A 1.54 N/A N/A N/A N/A N/A Toledo El. N/A 5.79US 7.83CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 618.85 DDG's FOB Aylm 215.00