FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, November 28
28 Nov 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, November 28 Exchange rate was 1.4004 down 0.0015 Markets in the U.S. were closed for the Thanksgiving holiday. Chicago soybeans closed slightly higher on Nov. 27. JAN25 HI 9.94 1/4 NOV25 HI 10.20 LOW 9.83 1/4 LOW 10.12 CLOSE9.88 3/4 Up 5 1/4 CLOSE 10.14 Up 1 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 3.15 13.04 479.05 2.80 12.94 475.46 CK High 3.25 13.14 482.72 2.95 13.09 480.98 CK Average 3.17 -0.56 13.06 479.92 2.85 -0.87 12.99 477.12 Essex Cty 3.15 13.04 479.05 2.80 12.94 475.46 Mdsx Low 3.15 13.04 479.05 2.80 12.94 475.46 Mdsx High 3.20 13.09 480.88 2.90 13.04 479.14 Mdsx Average3.17 -0.56 13.06 479.71 2.84 -0.87 12.98 476.86 Hensall 3.15 13.04 479.05 2.80 12.94 475.46 Bruce 3.15 13.04 479.05 2.80 12.94 475.46 Putnam 3.20 13.09 480.88 2.90 13.04 479.14 Guelph 3.12 13.01 477.94 2.84 12.98 476.93 Burford 3.23 13.12 481.99 2.90 13.04 479.14 Port Perry 3.04 12.93 475.00 2.71 12.85 472.16 Norfolk 3.15 13.04 479.05 2.80 12.94 475.46 Palmerston 3.15 13.04 479.05 2.80 12.94 475.46 Varna 3.15 13.04 479.05 2.80 12.94 475.46 Trenton 3.00 12.89 473.53 2.75 12.89 473.63 Winchester 2.78 12.67 465.45 2.73 12.87 472.89 North Gower 2.40 12.29 451.49 2.55 12.69 466.28 Vankleek Hil2.85 12.74 468.02 2.65 12.79 469.95 Huron FOB N/A 3.43 3.29 N/A N/A Kent FOB 3.35 13.24 486.39 2.85 12.99 477.30 Lambton FOB N/A 3.00 13.14 482.81 Mdsx FOB 3.40 3.47 3.47 3.44 13.29 488.23 3.21 13.35 490.53 PROCESSORS Windsor 3.87 13.76 505.50 3.25 13.39 492.00 TRANSFER Hamilton 3.85 13.74 504.77 3.40 13.54 497.51 Prescott 2.96 12.85 472.06 N/A Port Colborn3.69 13.58 498.89 3.58 13.72 504.12 Toledo El. -0.14 9.75 358.16 -0.77 9.37 344.28 Exchange rate was 1.4004 down 0.0015 Chicago wheat closed moderately lower. MAR25 HI 5.58 JUL25 HI 5.74 1/4 LOW 5.47 1/2 LOW 5.65 CLOSE 5.48 1/2 Down 9 1/2 CLOSE 5.65 3/4 Down 9 1/4 Minni wheat closed moderately lower. MAR25 HI 6.02 1/4 SEP25 HI 6.25 1/4 LOW 5.90 LOW 6.17 CLOSE 5.91 1/4 Down 10 1/4 CLOSE 6.17 Down 9 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 1.15 N/A London 1.67 1.60 0.73 N/A 1.91 1.82 1.14 N/A Hensall 1.75 1.75 0.85 1.15 1.90 2.05 1.20 1.40 Trenton N/A N/A N/A N/A N/A N/A 1.20 N/A Bruce 1.55 1.65 0.85 1.10 1.90 2.00 1.20 1.10 Essex N/A N/A 0.85 N/A N/A N/A 1.15 N/A Norwich 1.75 N/A 0.75 N/A 2.00 N/A 1.15 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 1.20 N/A Kent Bridge 1.75 N/A 0.75 N/A 2.00 N/A 1.15 N/A Chatham N/A N/A 0.85 N/A N/A N/A 1.15 N/A Brigden N/A N/A 0.85 N/A N/A N/A 1.15 N/A Palmerston 1.20 1.40 0.85 0.85 N/A 1.55 1.20 N/A Varna 1.75 1.75 0.85 N/A 1.90 2.30 1.20 N/A Mitchell 1.75 1.70 0.75 N/A 2.00 2.00 1.15 N/A Thornton 1.67 1.60 0.73 0.83 1.91 1.82 1.14 N/A North Gower N/A 0.49 0.69 0.35 N/A 0.98 1.28 0.62 W O Feed 1.75 TERMINAL Port Colbor N/A N/A 1.31 N/A N/A N/A 1.55 N/A PROCESSORS Toledo FM N/A N/A 1.99 N/A N/A N/A 2.06 N/A Toledo El. 5.14US 7.19CA 5.41US 7.57CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 523.06 DDG's FOB Aylm -