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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, October 16

16 Oct 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, October 16 Exchange rate was 1.3738 down 0.0033 Chicago soybeans closed slightly lower. NOV24 HI 10.01 1/2 NOV25 HI 10.41 3/4 LOW 9.78 1/4 LOW 10.27 1/2 CLOSE9.80 Down 11 CLOSE 10.29 1/4 Down 6 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV24+JAN25+JAN25 CK Low 2.75 12.55 461.13 2.70 12.99 477.39 CK High 2.80 12.60 462.97 2.80 13.09 481.07 CK Average 2.76 -0.66 12.56 461.55 2.76 -0.79 13.06 479.69 Essex Cty 2.75 12.55 461.13 2.80 13.09 481.07 Mdsx Low 2.75 12.55 461.13 2.68 12.97 476.66 Mdsx High 2.77 12.57 461.87 2.85 13.14 482.90 Mdsx Average2.75 -0.66 12.55 461.28 2.77 -0.79 13.06 479.82 Hensall 2.75 12.55 461.13 2.73 13.03 478.62 Bruce 2.75 12.55 461.13 2.75 13.04 479.23 Putnam 2.75 12.55 461.13 2.85 13.14 482.90 Guelph 2.80 12.60 462.97 2.70 12.99 477.39 Burford 2.83 12.63 464.07 2.74 13.03 478.86 Port Perry 2.64 12.44 457.09 2.55 12.84 471.88 Norfolk 2.80 12.60 462.97 2.80 13.09 481.07 Palmerston 2.75 12.55 461.13 2.75 13.04 479.23 Varna 2.75 12.55 461.13 2.75 13.04 479.23 Trenton 2.60 12.40 455.62 2.70 12.99 477.39 Winchester 2.65 12.45 457.46 2.65 12.94 475.56 North Gower 2.55 12.35 453.78 2.55 12.84 471.88 Vankleek Hil2.71 12.51 459.66 2.53 12.82 471.15 Huron FOB 2.75 2.75 2.88 2.95 12.55 461.13 N/A Kent FOB 2.75 12.55 461.13 2.75 13.04 479.23 Lambton FOB 2.80 12.60 462.97 2.75 13.04 479.23 Mdsx FOB 2.89 2.96 2.94 3.01 12.69 466.28 2.98 13.27 487.68 PROCESSORS Windsor 3.06 12.86 472.52 3.14 13.43 493.56 TRANSFER Hamilton 3.30 13.10 481.34 3.20 13.49 495.76 Prescott 3.01 12.81 470.69 N/A Port Colborn3.40 13.20 485.02 3.35 13.64 501.28 Toledo El. -0.69 9.11 334.85 -0.76 9.54 350.42 Exchange rate was 1.3738 down 0.0033 Chicago wheat closed slightly higher. DEC24 HI 5.87 1/2 JUL25 HI 6.22 3/4 LOW 5.75 1/4 LOW 6.13 1/4 CLOSE 5.85 Up 5 1/2 CLOSE 6.21 Up 4 1/2 Minni wheat closed slightly higher. DEC24 HI 6.23 3/4 SEP25 HI 6.68 LOW 6.16 LOW 6.62 1/2 CLOSE 6.20 3/4 Up 4 1/2 CLOSE 6.63 1/2 Up 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 0.75 N/A N/A N/A 1.05 N/A London 1.78 1.64 0.75 N/A 1.91 1.82 1.05 N/A Hensall 1.65 1.65 0.75 1.15 1.75 1.90 1.05 1.25 Trenton N/A N/A N/A N/A N/A N/A 1.15 N/A Bruce 1.60 1.60 0.80 0.85 1.75 1.85 1.05 1.10 Essex N/A N/A 0.75 N/A N/A N/A 1.10 N/A Norwich 1.70 N/A 0.75 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 0.75 0.85 N/A 1.55 1.05 N/A Kent Bridge 1.70 N/A 0.75 N/A 1.90 N/A 1.05 N/A Chatham N/A N/A 0.75 N/A N/A N/A 1.10 N/A Brigden N/A N/A 0.75 N/A N/A N/A 1.10 N/A Palmerston 1.20 1.40 0.75 0.85 N/A 1.55 1.05 N/A Varna 1.65 1.65 0.75 N/A 1.75 2.15 1.05 N/A Mitchell 1.70 1.65 0.75 N/A 1.90 1.90 1.05 N/A Thornton 1.78 1.64 0.75 1.09 1.91 1.82 1.05 N/A North Gower N/A 0.60 0.80 0.62 N/A 0.93 1.23 0.62 W O Feed 1.47 TERMINAL Port Colbor N/A N/A 1.36 N/A N/A N/A 1.56 N/A PROCESSORS Toledo FM N/A N/A 1.98 N/A N/A N/A 2.12 N/A Toledo El. 5.60US 7.69CA 5.96US 8.19CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 524.38 DDG's FOB Aylm 218.00