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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, September 24

24 Sep 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, September 24 Exchange rate was 1.3418 down 0.0055 Chicago soybeans closed slightly higher. NOV24 HI 10.58 1/4 NOV24 HI 10.58 1/4 LOW 10.32 3/4 LOW 10.32 3/4 CLOSE10.42 1/4 Up 3 CLOSE 10.42 1/4 Up 3 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 13.12 482.17 2.70 13.12 482.17 CK High 2.70 13.12 482.17 2.80 13.22 485.84 CK Average 2.70 -0.64 13.12 482.17 2.73 -0.62 13.15 483.09 Essex Cty N/A 2.70 13.12 482.17 Mdsx Low 2.70 13.12 482.17 2.70 13.12 482.17 Mdsx High 2.70 13.12 482.17 2.73 13.15 483.27 Mdsx Average2.70 -0.64 13.12 482.17 2.71 -0.64 13.13 482.39 Hensall N/A 2.70 13.12 482.17 Bruce N/A 2.70 13.12 482.17 Putnam N/A 2.70 13.12 482.17 Guelph N/A 2.72 13.14 482.90 Burford N/A 2.79 13.21 485.48 Port Perry N/A 2.63 13.05 479.60 Norfolk 2.75 13.17 484.01 2.75 13.17 484.01 Palmerston N/A 2.70 13.12 482.17 Varna N/A 2.70 13.12 482.17 Trenton N/A 2.60 13.02 478.49 Winchester N/A 2.50 12.92 474.82 North Gower N/A 2.40 12.82 471.15 Vankleek Hil2.55 12.97 476.66 2.60 13.02 478.49 Huron FOB N/A 2.70 2.70 2.80 2.70 13.12 482.17 Kent FOB 2.70 13.12 482.17 2.70 13.12 482.17 Lambton FOB N/A 2.75 13.17 484.01 Mdsx FOB 2.72 2.83 2.83 2.75 13.14 482.90 2.83 13.25 486.95 PROCESSORS Windsor 3.09 13.51 496.50 2.97 13.39 492.09 TRANSFER Hamilton 3.25 13.67 502.38 3.25 13.67 502.38 Prescott N/A 2.99 13.41 492.83 Port Colborn N/A 3.37 13.79 506.79 Toledo El. -0.56 9.86 362.25 -0.87 9.55 350.91 Exchange rate was 1.3418 down 0.0055 Chicago wheat closed slightly lower. DEC24 HI 5.89 1/4 JUL25 HI 6.23 LOW 5.75 1/4 LOW 6.11 CLOSE 5.78 Down 4 1/2 CLOSE 6.13 3/4 Down 3 1/4 Minni wheat closed slightly to moderately lower. DEC24 HI 6.24 SEP25 HI 6.58 LOW 6.09 LOW 6.54 1/4 CLOSE 6.11 3/4 Down 7 1/4 CLOSE 6.58 Down 6 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 1.70 1.56 0.66 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 N/A 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 0.66 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 1.27 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 1.51 N/A N/A N/A N/A N/A Toledo El. N/A 5.89US 7.90CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 625.68 DDG's FOB Aylm 215.00