News & Resources

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, September 25

25 Sep 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, September 25 Exchange rate was 1.345 up 0.0032 Chicago soybeans closed slightly higher. NOV24 HI 10.54 1/2 NOV24 HI 10.54 1/2 LOW 10.31 1/4 LOW 10.31 1/4 CLOSE10.53 1/4 Up 11 CLOSE 10.53 1/4 Up 11 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV24+NOV24+JAN25 CK Low 2.65 13.18 484.37 2.65 13.18 484.37 CK High 2.65 13.18 484.37 2.70 13.23 486.21 CK Average 2.65 -0.73 13.18 484.37 2.66 -0.72 13.20 484.88 Essex Cty N/A 2.65 13.18 484.37 Mdsx Low 2.65 13.18 484.37 2.60 13.13 482.54 Mdsx High 2.65 13.18 484.37 2.65 13.18 484.37 Mdsx Average2.65 -0.73 13.18 484.37 2.64 -0.74 13.17 483.93 Hensall N/A 2.62 13.15 483.15 Bruce N/A 2.60 13.13 482.54 Putnam N/A 2.65 13.18 484.37 Guelph N/A 2.69 13.22 485.84 Burford N/A 2.70 13.23 486.21 Port Perry N/A 2.54 13.07 480.33 Norfolk 2.70 13.23 486.21 2.70 13.23 486.21 Palmerston N/A 2.70 13.23 486.21 Varna N/A 2.60 13.13 482.54 Trenton N/A 2.55 13.08 480.70 Winchester N/A 2.50 13.03 478.86 North Gower N/A 2.40 12.93 475.19 Vankleek Hil2.53 13.06 479.96 2.53 13.06 479.96 Huron FOB N/A 2.60 2.60 2.72 2.60 13.13 482.54 Kent FOB 2.65 13.18 484.37 2.65 13.18 484.37 Lambton FOB N/A 2.70 13.23 486.21 Mdsx FOB 2.63 2.74 2.74 2.67 13.16 483.64 2.74 13.27 487.68 PROCESSORS Windsor 3.16 13.69 503.11 3.11 13.64 501.28 TRANSFER Hamilton 3.25 13.78 506.42 3.25 13.78 506.42 Prescott N/A 2.92 13.45 494.29 Port Colborn N/A 3.28 13.81 507.52 Toledo El. -0.56 9.97 366.25 -0.87 9.66 354.88 Exchange rate was 1.345 up 0.0032 Chicago wheat closed moderately higher. DEC24 HI 5.91 1/4 JUL25 HI 6.24 LOW 5.73 3/4 LOW 6.09 3/4 CLOSE 5.89 1/4 Up 11 1/4 CLOSE 6.23 1/4 Up 9 1/2 Minni wheat closed slightly higher. DEC24 HI 6.18 1/2 SEP25 HI 6.62 1/2 LOW 6.05 LOW 6.52 1/2 CLOSE 6.17 Up 5 1/4 CLOSE 6.62 1/2 Up 4 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 0.65 N/A N/A N/A 1.05 N/A London 1.65 1.51 0.61 N/A 1.77 1.77 0.96 N/A Hensall 1.60 1.60 0.70 1.10 1.70 1.85 1.00 1.20 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 1.00 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 1.00 N/A Varna 1.60 1.60 0.70 N/A 1.70 2.10 1.00 N/A Mitchell 1.65 1.60 0.70 N/A 1.90 1.90 1.05 N/A Thornton 1.65 1.51 0.61 0.97 1.77 1.77 0.96 N/A North Gower N/A 0.60 0.85 0.62 N/A 1.01 1.31 0.67 W O Feed 1.33 TERMINAL Port Colbor N/A N/A 1.18 N/A N/A N/A 1.36 N/A PROCESSORS Toledo FM N/A N/A 1.56 N/A N/A N/A N/A N/A Toledo El. N/A 5.98US 8.05CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 563.40 DDG's FOB Aylm 215.00