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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, September 23

23 Sep 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, September 23 Exchange rate was 1.3473 down 0.0062 Chicago soybeans closed moderately higher. NOV24 HI 10.41 3/4 NOV24 HI 10.41 3/4 LOW 10.12 LOW 10.12 CLOSE10.39 1/4 Up 27 1/4 CLOSE 10.39 1/4 Up 27 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 13.09 481.07 2.70 13.09 481.07 CK High 2.70 13.09 481.07 2.80 13.19 484.74 CK Average 2.70 -0.67 13.09 481.07 2.71 -0.66 13.11 481.57 Essex Cty N/A 2.70 13.09 481.07 Mdsx Low 2.70 13.09 481.07 2.69 13.08 480.70 Mdsx High 2.70 13.09 481.07 2.70 13.09 481.07 Mdsx Average2.70 -0.67 13.09 481.07 2.70 -0.68 13.09 481.01 Hensall N/A 2.70 13.09 481.07 Bruce N/A 2.65 13.04 479.23 Putnam N/A 2.70 13.09 481.07 Guelph N/A 2.69 13.08 480.70 Burford N/A 2.75 13.14 482.90 Port Perry N/A 2.59 12.98 477.03 Norfolk 2.75 13.14 482.90 2.75 13.14 482.90 Palmerston N/A 2.70 13.09 481.07 Varna N/A 2.70 13.09 481.07 Trenton N/A 2.60 12.99 477.39 Winchester N/A 2.52 12.91 474.45 North Gower N/A 2.40 12.79 470.04 Vankleek Hil2.43 12.82 471.15 2.43 12.82 471.15 Huron FOB N/A 2.70 2.70 2.79 2.70 13.09 481.07 Kent FOB 2.70 13.09 481.07 2.70 13.09 481.07 Lambton FOB N/A 2.70 13.09 481.07 Mdsx FOB 2.68 2.72 2.72 2.72 13.07 480.33 2.72 13.11 481.80 PROCESSORS Windsor 3.13 13.52 496.87 3.01 13.40 492.46 TRANSFER Hamilton 3.25 13.64 501.28 3.25 13.64 501.28 Prescott N/A 2.98 13.37 491.36 Port Colborn N/A 3.26 13.65 501.64 Toledo El. -0.74 9.65 354.63 -0.88 9.52 349.68 Exchange rate was 1.3473 down 0.0062 Chicago wheat closed moderately higher to higher. DEC24 HI 5.86 1/2 JUL25 HI 6.20 LOW 5.69 LOW 6.04 1/2 CLOSE 5.82 1/2 Up 14 CLOSE 6.17 Up 13 1/4 Minni wheat closed moderately higher. DEC24 HI 6.21 1/4 SEP25 HI 6.65 1/2 LOW 6.07 1/2 LOW 6.60 1/4 CLOSE 6.19 Up 11 CLOSE 6.64 1/2 Up 10 1/4 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 1.69 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 0.88 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 1.69 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 1.32 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 1.55 N/A N/A N/A N/A N/A Toledo El. N/A 5.92US 7.98CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 628.88 DDG's FOB Aylm 215.00