FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, January 3
3 Jan 2025
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, January 3 Exchange rate was 1.4412 up 0.0039 Chicago soybeans closed moderately lower. MAR25 HI 10.15 1/2 NOV25 HI 10.29 1/4 LOW 9.88 LOW 10.04 CLOSE9.91 3/4 Down 20 1/4 CLOSE 10.08 1/4 Down 19 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAR25+MAR25+MAY25 CK Low 3.40 13.32 489.33 3.10 13.18 484.37 CK High 3.50 13.42 493.01 3.20 13.28 488.05 CK Average 3.42 -0.66 13.34 490.07 3.12 -0.93 13.20 484.93 Essex Cty 3.45 13.37 491.17 3.10 13.18 484.37 Mdsx Low 3.39 13.31 488.97 3.10 13.18 484.37 Mdsx High 3.40 13.32 489.33 3.10 13.18 484.37 Mdsx Average3.40 -0.68 13.32 489.26 3.10 -0.94 13.18 484.37 Hensall 3.35 13.27 487.50 3.05 13.13 482.54 Bruce 3.35 13.27 487.50 3.10 13.18 484.37 Putnam 3.40 13.32 489.33 3.10 13.18 484.37 Guelph 3.36 13.28 487.86 3.10 13.18 484.37 Burford 3.45 13.37 491.17 3.16 13.24 486.58 Port Perry 3.26 13.18 484.19 2.97 13.05 479.60 Norfolk 3.40 13.32 489.33 3.10 13.18 484.37 Palmerston 3.35 13.27 487.50 3.10 13.18 484.37 Varna 3.35 13.27 487.50 3.10 13.18 484.37 Trenton 3.25 13.17 483.82 3.00 13.08 480.70 Winchester 2.88 12.80 470.23 2.86 12.94 475.56 North Gower 2.85 12.77 469.13 2.90 12.98 477.03 Vankleek Hil3.29 13.21 485.29 3.19 13.27 487.68 Huron FOB 3.48 3.50 3.53 N/A 13.40 492.27 N/A Kent FOB 3.65 13.57 498.52 3.10 13.18 484.37 Lambton FOB 3.50 13.42 493.01 3.15 13.23 486.21 Mdsx FOB 3.38 3.56 3.64 3.76 13.30 488.60 3.54 13.62 500.54 PROCESSORS Windsor 4.09 14.01 514.69 3.66 13.74 504.95 TRANSFER Hamilton 3.90 13.82 507.71 3.65 13.73 504.58 Prescott N/A 3.71 13.79 506.79 Port Colborn3.88 13.80 506.97 3.84 13.92 511.56 Toledo El. -0.32 9.60 352.76 -0.79 9.29 341.34 Exchange rate was 1.4412 up 0.0039 Chicago wheat closed lower. MAR25 HI 5.47 JUL25 HI 5.65 LOW 5.27 1/2 LOW 5.48 1/2 CLOSE 5.29 1/4 Down 16 1/2 CLOSE 5.49 1/4 Down 15 1/4 Minni wheat closed moderately lower. MAR25 HI 5.89 1/2 SEP25 HI 6.14 3/4 LOW 5.77 1/4 LOW 6.05 CLOSE 5.77 3/4 Down 11 3/4 CLOSE 6.05 1/2 Down 10 1/4 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 1.10 N/A N/A N/A 1.20 N/A London N/A 1.89 1.09 N/A N/A 1.97 1.18 N/A Hensall 2.05 2.05 1.15 1.45 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 1.85 1.95 1.15 1.10 1.90 2.00 1.20 1.10 Essex N/A N/A 1.10 N/A N/A N/A 1.20 N/A Norwich 2.10 N/A 1.10 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 1.15 0.85 N/A 1.55 1.20 N/A Kent Bridge 2.10 N/A 1.10 N/A 2.05 N/A 1.20 N/A Chatham N/A N/A 1.10 N/A N/A N/A 1.20 N/A Brigden N/A N/A 1.10 N/A N/A N/A 1.20 N/A Palmerston 1.20 1.40 1.15 0.85 N/A 1.55 1.20 N/A Varna 2.05 2.05 1.15 N/A 1.90 2.30 1.20 N/A Mitchell 2.10 2.00 1.10 N/A 2.05 2.05 1.20 N/A Thornton N/A 1.89 1.09 1.38 N/A 1.97 1.18 N/A North Gower N/A 0.80 1.00 0.77 N/A 1.09 1.29 0.77 W O Feed 1.89 TERMINAL Port Colbor N/A N/A 1.65 N/A N/A N/A 1.67 N/A PROCESSORS Toledo FM N/A N/A 2.12 N/A N/A N/A 2.21 N/A Toledo El. 5.09US 7.34CA 5.24US 7.56CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 533.09 DDG's FOB Aylm 250.00