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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, September 27

27 Sep 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, September 27 Exchange rate was 1.3493 up 0.0047 Chicago soybeans closed moderately higher. NOV24 HI 10.69 1/2 NOV24 HI 10.69 1/2 LOW 10.34 1/4 LOW 10.34 1/4 CLOSE10.65 3/4 Up 24 3/4 CLOSE 10.65 3/4 Up 24 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 2.75 13.41 492.64 2.70 13.36 490.80 CK High 2.75 13.41 492.64 2.90 13.56 498.15 CK Average 2.75 -0.72 13.41 492.64 2.76 -0.72 13.41 492.87 Essex Cty N/A 2.75 13.41 492.64 Mdsx Low 2.75 13.41 492.64 2.68 13.34 490.07 Mdsx High 2.75 13.41 492.64 2.85 13.51 496.32 Mdsx Average2.75 -0.72 13.41 492.64 2.76 -0.72 13.41 492.86 Hensall N/A 2.72 13.37 491.42 Bruce N/A 2.70 13.36 490.80 Putnam N/A 2.85 13.51 496.32 Guelph N/A 2.72 13.38 491.54 Burford N/A 2.74 13.40 492.27 Port Perry N/A 2.58 13.24 486.39 Norfolk 2.80 13.46 494.48 2.80 13.46 494.48 Palmerston N/A 2.70 13.36 490.80 Varna N/A 2.70 13.36 490.80 Trenton N/A 2.60 13.26 487.13 Winchester N/A 2.55 13.21 485.29 North Gower N/A 2.40 13.06 479.78 Vankleek Hil N/A 2.45 13.11 481.62 Huron FOB N/A 2.70 2.70 2.82 2.70 13.36 490.80 Kent FOB 2.75 13.41 492.64 2.75 13.41 492.64 Lambton FOB N/A 2.70 13.36 490.80 Mdsx FOB 2.67 2.64 2.71 2.71 13.33 489.70 2.64 13.30 488.60 PROCESSORS Windsor 3.26 13.92 511.38 3.20 13.86 509.18 TRANSFER Hamilton 3.30 13.96 512.85 3.30 13.96 512.85 Prescott N/A 2.83 13.49 495.58 Port Colborn N/A 3.32 13.98 513.59 Toledo El. -0.57 10.09 370.77 -0.88 9.78 359.37 Exchange rate was 1.3493 up 0.0047 Chicago wheat closed slightly lower. DEC24 HI 5.83 1/2 JUL25 HI 6.18 1/2 LOW 5.75 1/2 LOW 6.11 1/4 CLOSE 5.80 Down 4 1/4 CLOSE 6.16 1/4 Down 3 3/4 Minni wheat closed slightly lower. DEC24 HI 6.11 1/2 SEP25 HI 6.55 1/2 LOW 6.06 1/4 LOW 6.55 CLOSE 6.08 1/4 Down 3 1/4 CLOSE 6.55 1/2 Down 2 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 1.00 N/A London 1.67 1.60 0.70 N/A 1.79 1.79 0.98 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 1.70 1.80 1.00 1.10 Essex N/A N/A 0.70 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 0.70 N/A N/A N/A 1.00 N/A Brigden N/A N/A 0.70 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 1.67 1.60 0.70 0.98 1.79 1.79 0.98 N/A North Gower N/A 0.60 0.85 0.62 N/A 1.01 1.31 0.67 W O Feed 1.34 TERMINAL Port Colbor N/A N/A 1.19 N/A N/A N/A 1.38 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 5.91US 7.98CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 582.80 DDG's FOB Aylm 215.00