FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, February 27
27 Feb 2025
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, February 27 Exchange rate was 1.4425 up 0.0114 Chicago soybeans closed slightly lower. MAY25 HI 10.51 1/4 NOV25 HI 10.53 1/4 LOW 10.35 LOW 10.40 1/2 CLOSE10.37 1/4 Down 4 CLOSE 10.41 3/4 Down 3 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAY25+MAY25+MAY25 CK Low 3.20 13.57 498.70 3.35 13.77 505.87 CK High 3.30 13.67 502.38 3.45 13.87 509.54 CK Average 3.23 -0.94 13.60 499.81 3.37 -0.86 13.79 506.51 Essex Cty 3.25 13.62 500.54 3.35 13.77 505.87 Mdsx Low 3.20 13.57 498.70 3.35 13.77 505.87 Mdsx High 3.30 13.67 502.38 3.45 13.87 509.54 Mdsx Average3.24 -0.94 13.61 500.10 3.38 -0.85 13.80 506.90 Hensall 3.20 13.57 498.70 3.32 13.73 504.64 Bruce 3.20 13.57 498.70 3.30 13.72 504.03 Putnam 3.30 13.67 502.38 3.45 13.87 509.54 Guelph 3.12 13.49 495.76 3.28 13.70 503.30 Burford 3.28 13.65 501.64 3.43 13.85 508.81 Port Perry 3.08 13.45 494.29 3.23 13.65 501.46 Norfolk 3.20 13.57 498.70 3.35 13.77 505.87 Palmerston 3.20 13.57 498.70 3.30 13.72 504.03 Varna 3.20 13.57 498.70 3.30 13.72 504.03 Trenton 3.00 13.37 491.36 3.15 13.57 498.52 Winchester 2.93 13.30 488.78 3.09 13.51 496.32 North Gower 2.95 13.32 489.52 3.05 13.47 494.85 Vankleek Hil2.87 13.24 486.58 3.00 13.42 493.01 Huron FOB N/A 3.25 3.56 3.70 N/A Kent FOB 3.45 13.82 507.89 3.35 13.77 505.87 Lambton FOB 3.25 13.62 500.54 3.25 13.67 502.19 Mdsx FOB 3.17 3.39 3.75 3.82 13.54 497.60 3.62 14.04 515.79 PROCESSORS Windsor 3.74 14.11 518.55 3.78 14.20 521.67 TRANSFER Hamilton 3.75 14.12 518.91 3.90 14.32 526.08 Prescott N/A 3.79 14.21 522.04 Port Colborn3.60 13.97 513.40 4.04 14.46 531.22 Toledo El. -0.36 10.01 367.87 -0.79 9.62 353.63 Exchange rate was 1.4425 up 0.0114 Chicago wheat closed moderately lower to lower. MAY25 HI 5.80 1/4 JUL25 HI 5.94 1/4 LOW 5.60 LOW 5.74 3/4 CLOSE 5.62 1/2 Down 17 1/4 CLOSE 5.76 3/4 Down 17 Minni wheat closed moderately lower to lower. MAY25 HI 6.19 1/2 SEP25 HI 6.45 1/2 LOW 6.02 3/4 LOW 6.29 1/2 CLOSE 6.04 3/4 Down 13 CLOSE 6.30 3/4 Down 13 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 1.15 N/A N/A N/A 1.35 N/A London N/A 2.03 1.14 N/A N/A 2.09 1.33 N/A Hensall 2.00 2.05 1.15 1.65 2.05 2.15 1.35 1.70 Trenton N/A N/A N/A N/A N/A N/A 1.35 N/A Bruce 1.85 1.95 1.15 1.35 2.05 2.15 1.35 1.45 Essex N/A N/A 1.15 N/A N/A N/A 1.35 N/A Norwich 2.00 N/A 1.15 N/A 2.10 N/A 1.35 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 1.35 N/A Kent Bridge 2.00 N/A 1.15 N/A 2.10 N/A 1.35 N/A Chatham N/A N/A 1.15 N/A N/A N/A 1.35 N/A Brigden N/A N/A 1.15 N/A N/A N/A 1.35 N/A Palmerston 1.20 1.40 1.15 0.85 N/A 1.55 1.35 N/A Varna 2.00 2.05 1.15 N/A 2.05 2.45 1.35 N/A Mitchell 2.00 2.05 1.15 N/A 2.10 2.15 1.35 N/A Thornton N/A 2.03 1.14 1.57 N/A 2.09 1.33 N/A North Gower N/A 0.90 1.10 0.92 N/A 1.20 1.40 0.97 W O Feed 1.91 TERMINAL Port Colbor N/A N/A 1.72 N/A N/A N/A 1.79 N/A PROCESSORS Toledo FM N/A N/A N/A N/A N/A N/A 2.34 N/A Toledo El. 5.17US 7.45CA 5.52US 7.96CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 485.25 DDG's FOB Aylm 285.00