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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, February 28

28 Feb 2025
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, February 28 Exchange rate was 1.4447 up 0.0022 Chicago soybeans closed slightly to moderately lower. MAY25 HI 10.45 3/4 NOV25 HI 10.48 3/4 LOW 10.25 LOW 10.28 3/4 CLOSE10.25 3/4 Down 11 1/2 CLOSE 10.29 1/2 Down 12 1/4 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 13.46 494.48 3.35 13.65 501.37 CK High 3.30 13.56 498.15 3.45 13.75 505.04 CK Average 3.23 -0.92 13.49 495.58 3.37 -0.84 13.66 502.01 Essex Cty 3.25 13.51 496.32 3.35 13.65 501.37 Mdsx Low 3.20 13.46 494.48 3.35 13.65 501.37 Mdsx High 3.30 13.56 498.15 3.45 13.75 505.04 Mdsx Average3.24 -0.92 13.50 495.87 3.38 -0.83 13.67 502.40 Hensall 3.22 13.47 495.09 3.32 13.61 500.14 Bruce 3.20 13.46 494.48 3.30 13.60 499.53 Putnam 3.30 13.56 498.15 3.45 13.75 505.04 Guelph 3.15 13.41 492.64 3.31 13.61 499.90 Burford 3.28 13.54 497.42 3.43 13.73 504.31 Port Perry 3.08 13.34 490.07 3.23 13.53 496.96 Norfolk 3.20 13.46 494.48 3.35 13.65 501.37 Palmerston 3.20 13.46 494.48 3.30 13.60 499.53 Varna 3.20 13.46 494.48 3.30 13.60 499.53 Trenton 3.10 13.36 490.80 3.20 13.50 495.86 Winchester 2.95 13.21 485.29 3.06 13.36 490.71 North Gower 2.95 13.21 485.29 3.05 13.35 490.34 Vankleek Hil2.88 13.14 482.72 3.02 13.32 489.24 Huron FOB N/A 3.25 3.56 3.70 N/A Kent FOB 3.45 13.71 503.66 3.35 13.65 501.37 Lambton FOB 3.35 13.61 499.99 3.35 13.65 501.37 Mdsx FOB 3.17 3.39 3.75 3.82 13.43 493.38 3.61 13.91 510.92 PROCESSORS Windsor 3.77 14.03 515.42 3.76 14.06 516.43 TRANSFER Hamilton 3.75 14.01 514.69 3.90 14.20 521.58 Prescott N/A 3.65 13.95 512.39 Port Colborn3.60 13.86 509.18 4.04 14.34 526.72 Toledo El. -0.36 9.90 363.63 -0.79 9.50 349.08 Exchange rate was 1.4447 up 0.0022 Chicago wheat closed moderately lower. MAY25 HI 5.70 1/4 JUL25 HI 5.84 1/2 LOW 5.55 LOW 5.68 1/2 CLOSE 5.55 3/4 Down 6 3/4 CLOSE 5.69 1/4 Down 7 1/2 Minni wheat closed moderately lower. MAY25 HI 6.09 1/2 SEP25 HI 6.35 3/4 LOW 5.97 1/4 LOW 6.22 3/4 CLOSE 5.97 3/4 Down 7 CLOSE 6.23 1/4 Down 7 1/2 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 2.02 1.13 N/A N/A 2.08 1.32 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 2.02 1.13 1.54 N/A 2.08 1.32 N/A North Gower N/A 0.90 1.10 0.92 N/A 1.20 1.40 0.97 W O Feed 1.90 TERMINAL Port Colbor N/A N/A 1.72 N/A N/A N/A 1.78 N/A PROCESSORS Toledo FM N/A N/A N/A N/A N/A N/A 2.31 N/A Toledo El. 5.07US 7.32CA 5.44US 7.86CA (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
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