FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, November 12
12 Nov 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, November 12 Exchange rate was 1.3931 up 0.0020 Chicago soybeans closed slightly lower. JAN25 HI 10.27 1/2 NOV25 HI 10.49 LOW 10.03 3/4 LOW 10.25 3/4 CLOSE10.10 1/2 Down 11 3/4 CLOSE 10.31 3/4 Down 13 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JAN25+JAN25+JAN25 CK Low 2.80 12.91 474.18 2.80 13.12 481.99 CK High 2.85 12.96 476.01 2.95 13.27 487.50 CK Average 2.82 -0.82 12.93 475.05 2.85 -0.86 13.17 483.96 Essex Cty 2.80 12.91 474.18 2.80 13.12 481.99 Mdsx Low 2.80 12.91 474.18 2.80 13.12 481.99 Mdsx High 2.82 12.93 474.91 2.90 13.22 485.66 Mdsx Average2.80 -0.84 12.91 474.32 2.84 -0.87 13.16 483.53 Hensall 2.80 12.91 474.18 2.85 13.17 483.82 Bruce 2.80 12.91 474.18 2.85 13.17 483.82 Putnam 2.80 12.91 474.18 2.90 13.22 485.66 Guelph 2.90 13.01 477.85 2.87 13.19 484.56 Burford 2.88 12.99 477.12 2.92 13.24 486.39 Port Perry 2.69 12.80 470.14 2.73 13.05 479.41 Norfolk 2.80 12.91 474.18 2.80 13.12 481.99 Palmerston 2.75 12.86 472.34 2.80 13.12 481.99 Varna 2.80 12.91 474.18 2.85 13.17 483.82 Trenton 2.70 12.81 470.50 2.75 13.07 480.15 Winchester 2.89 13.00 477.48 2.77 13.09 480.88 North Gower 2.40 12.51 459.48 2.55 12.87 472.80 Vankleek Hil3.03 13.14 482.63 2.51 12.83 471.33 Huron FOB 2.90 3.10 3.17 N/A 13.01 477.85 N/A Kent FOB 2.95 13.06 479.69 2.80 13.12 481.99 Lambton FOB 2.95 13.06 479.69 2.95 13.27 487.50 Mdsx FOB 3.15 3.36 3.43 3.34 13.26 487.04 3.16 13.48 495.21 PROCESSORS Windsor 3.34 13.45 494.02 3.33 13.65 501.46 TRANSFER Hamilton 3.65 13.76 505.41 3.40 13.72 504.03 Prescott N/A N/A Port Colborn3.59 13.70 503.21 3.53 13.85 508.81 Toledo El. -0.49 9.62 353.38 -0.77 9.55 350.95 Exchange rate was 1.3931 up 0.0020 Chicago wheat closed moderately lower to lower. DEC24 HI 5.68 3/4 JUL25 HI 6.01 LOW 5.49 LOW 5.82 1/2 CLOSE 5.52 1/4 Down 13 1/4 CLOSE 5.84 3/4 Down 13 1/2 Minni wheat closed moderately lower to lower. DEC24 HI 5.95 3/4 SEP25 HI 6.48 LOW 5.77 1/4 LOW 6.32 CLOSE 5.77 3/4 Down 14 1/4 CLOSE 6.32 1/4 Down 11 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 0.85 N/A N/A N/A 1.10 N/A London 1.81 1.67 0.84 N/A 1.94 1.84 1.10 N/A Hensall 1.75 1.75 0.85 1.25 1.80 1.95 1.10 1.30 Trenton N/A N/A N/A N/A N/A N/A 1.10 N/A Bruce 1.65 1.65 0.85 0.85 1.80 1.90 1.10 1.10 Essex N/A N/A 0.85 N/A N/A N/A 1.10 N/A Norwich 1.85 N/A 0.85 N/A 1.95 N/A 1.10 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Belmore 1.20 1.40 0.85 0.85 N/A 1.55 1.10 N/A Kent Bridge 1.85 N/A 0.85 N/A 1.95 N/A 1.10 N/A Chatham N/A N/A 0.85 N/A N/A N/A 1.10 N/A Brigden N/A N/A 0.85 N/A N/A N/A 1.10 N/A Palmerston 1.20 1.40 0.85 0.85 N/A 1.55 1.10 N/A Varna 1.75 1.75 0.85 N/A 1.80 2.20 1.10 N/A Mitchell 1.85 1.80 0.85 N/A 1.95 2.00 1.10 N/A Thornton 1.81 1.67 0.84 1.08 1.94 1.84 1.10 N/A North Gower N/A 0.60 0.80 0.62 N/A 0.98 1.28 0.62 W O Feed 1.55 TERMINAL Port Colbor N/A N/A 1.38 N/A N/A N/A 1.58 N/A PROCESSORS Toledo FM N/A N/A N/A N/A N/A N/A 2.09 N/A Toledo El. 5.27US 7.35CA 5.60US 7.80CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 520.19 DDG's FOB Aylm 205.00