FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, December 26
26 Dec 2024
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, December 26 Exchange rate was 1.4369 up 0.0042 Chicago soybeans closed slightly to moderately higher. JAN25 HI 9.89 3/4 NOV25 HI 10.10 1/4 LOW 9.75 LOW 9.93 3/4 CLOSE9.88 Up 12 3/4 CLOSE 10.09 1/2 Up 15 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAR25+MAR25+MAR25 CK Low 3.35 13.23 486.12 2.99 13.09 480.79 CK High 3.45 13.33 489.79 3.15 13.25 486.67 CK Average 3.38 -0.65 13.26 487.08 3.06 -0.94 13.15 483.18 Essex Cty 3.40 13.28 487.96 3.05 13.15 483.00 Mdsx Low 3.34 13.22 485.75 2.97 13.07 480.06 Mdsx High 3.35 13.23 486.12 3.05 13.15 483.00 Mdsx Average3.35 -0.67 13.23 486.05 3.03 -0.96 13.13 482.41 Hensall 3.33 13.21 485.51 3.03 13.13 482.38 Bruce 3.30 13.18 484.28 3.00 13.10 481.16 Putnam 3.35 13.23 486.12 3.05 13.15 483.00 Guelph 3.27 13.15 483.18 2.94 13.04 478.95 Burford 3.40 13.28 487.96 3.03 13.13 482.26 Port Perry 3.21 13.09 480.98 2.84 12.94 475.28 Norfolk 3.35 13.23 486.12 3.05 13.15 483.00 Palmerston 3.30 13.18 484.28 2.95 13.05 479.32 Varna 3.35 13.23 486.12 3.05 13.15 483.00 Trenton 3.20 13.08 480.61 2.80 12.90 473.81 Winchester 3.07 12.95 475.83 2.99 13.09 480.79 North Gower 2.85 12.73 467.75 2.90 13.00 477.48 Vankleek Hil3.05 12.93 475.10 2.99 13.09 480.79 Huron FOB 3.53 3.53 3.46 N/A 13.41 492.73 N/A Kent FOB 3.65 13.53 497.14 3.05 13.15 483.00 Lambton FOB 3.40 13.28 487.96 2.90 13.00 477.48 Mdsx FOB 3.55 3.24 3.42 3.49 13.43 493.47 3.38 13.48 495.12 PROCESSORS Windsor 4.15 14.03 515.51 3.62 13.72 503.94 TRANSFER Hamilton 3.95 13.83 508.17 3.60 13.70 503.21 Prescott N/A 2.99 13.09 480.79 Port Colborn3.83 13.71 503.76 3.75 13.85 508.72 Toledo El. -0.19 9.69 356.16 -0.79 9.30 341.89 Exchange rate was 1.4369 up 0.0042 Chicago wheat closed slightly to moderately higher. MAR25 HI 5.44 JUL25 HI 5.61 1/2 LOW 5.33 3/4 LOW 5.52 1/2 CLOSE 5.41 Up 6 1/4 CLOSE 5.59 1/2 Up 7 Minni wheat closed slightly higher. MAR25 HI 5.96 3/4 SEP25 HI 6.19 3/4 LOW 5.88 1/2 LOW 6.18 CLOSE 5.94 Up 4 1/2 CLOSE 6.19 Up 4 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 1.00 N/A N/A N/A 1.20 N/A London N/A 1.85 1.05 N/A N/A 1.92 1.21 N/A Hensall 1.95 1.95 1.05 1.35 1.90 2.05 1.20 1.40 Trenton N/A N/A N/A N/A N/A N/A 1.25 N/A Bruce 1.70 1.80 1.00 1.10 1.90 2.00 1.20 1.10 Essex N/A N/A 1.05 N/A N/A N/A 1.20 N/A Norwich 2.00 N/A 1.00 N/A 2.05 N/A 1.20 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Belmore 1.20 1.40 1.00 0.85 N/A 1.55 1.20 N/A Kent Bridge 2.00 N/A 1.00 N/A 2.05 N/A 1.20 N/A Chatham N/A N/A 1.05 N/A N/A N/A 1.20 N/A Brigden N/A N/A 1.05 N/A N/A N/A 1.20 N/A Palmerston 1.20 1.40 1.00 0.85 N/A 1.55 1.20 N/A Varna 1.95 1.95 1.05 N/A 1.90 2.30 1.20 N/A Mitchell 2.00 1.95 1.00 N/A 2.05 2.05 1.20 N/A Thornton N/A 1.85 1.05 1.32 N/A 1.92 1.21 N/A North Gower N/A 0.80 1.00 0.52 N/A 1.09 1.29 0.62 W O Feed 1.90 TERMINAL Port Colbor N/A N/A 1.62 N/A N/A N/A 1.62 N/A PROCESSORS Toledo FM N/A N/A 2.15 N/A N/A N/A 2.23 N/A Toledo El. 5.06US 7.27CA 5.35US 7.68CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 535.40 DDG's FOB Aylm 250.00 *Limited availability