FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, May 24
Exchange rate was 1.2826 up 0.0046
Chicago soybeans closed mixed.
JUL22 HI 16.96 3/4 NOV22 HI 15.22 1/2
LOW 16.73 1/2 LOW 15.07 1/2
CLOSE16.93 Up 6 CLOSE 15.17 1/2 Down 1 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +JUL22+JUL22+SEP22
CK Low 4.70 21.63 794.77 3.63 18.81 690.97
CK High 4.75 21.68 796.60 3.75 18.93 695.37
CK Average 4.73 -0.04 21.66 795.82 3.68 -0.47 18.86 692.91
Essex Cty 4.70 21.63 794.77 3.65 18.83 691.70
Mdsx Low 4.70 21.63 794.77 3.65 18.83 691.70
Mdsx High 4.77 21.70 797.34 3.70 18.88 693.54
Mdsx Average4.74 -0.03 21.67 796.24 3.67 -0.49 18.84 692.31
Hensall 4.75 21.68 796.60 3.72 18.89 694.15
Bruce 4.70 21.63 794.77 3.70 18.88 693.54
Putnam 4.75 21.68 796.60 3.75 18.93 695.37
Burford 4.83 21.76 799.54 3.71 18.89 693.90
Port Perry 4.68 21.61 794.03 3.56 18.74 688.39
Norfolk 4.70 21.63 794.77 3.70 18.88 693.54
Palmerston 4.79 21.72 798.07 3.78 18.96 696.48
Varna 4.75 21.68 796.60 3.70 18.88 693.54
Trenton 4.50 21.43 787.42 3.75 18.93 695.37
Winchester 4.48 21.41 786.68 3.76 18.94 695.74
North Gower 4.80 21.73 798.44 3.75 18.93 695.37
Vankleek Hil4.64 21.57 792.56 3.47 18.65 685.09
Huron FOB 4.73 4.85 4.91 5.00 21.66 795.87 3.69 18.87 693.17
Kent FOB 4.90 21.83 802.12 3.65 18.83 691.70
Lambton FOB 4.95 21.88 803.95 N/A
Mdsx FOB 4.94 5.00 5.06 N/A 21.87 803.58 3.88 19.06 700.15
PROCESSORS
Windsor 5.63 22.56 828.94 4.10 19.28 708.24
TRANSFER
Hamilton 5.35 22.28 818.65 4.30 19.48 715.58
Prescott N/A 4.45 19.63 721.10
Port Colborn N/A 4.02 19.20 705.30
Toledo El. 0.19 17.12 629.14 -0.45 14.73 541.09
Exchange rate was 1.2826 up 0.0046
Chicago wheat closed moderately lower to lower.
JUL22 HI 12.08 3/4 SEP22 HI 12.16
LOW 11.38 LOW 11.46 3/4
CLOSE 11.54 3/4 Down 35 1/4 CLOSE 11.63 1/4 Down 34 1/4
Minni wheat closed moderately lower.
JUL22 HI 13.21 3/4 SEP22 HI 13.19 3/4
LOW 12.53 LOW 12.53
CLOSE 12.77 1/4 Down 21 1/4 CLOSE 12.77 Down 20 1/2
Direct MarkHarvest 2021 Harvest 2022
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 N/A N/A N/A N/A 2.35 N/A
London 2.53 2.59 2.15 N/A 3.09 2.64 2.26 N/A
Hensall 2.35 N/A 2.25 N/A 3.35 N/A 2.35 N/A
Trenton N/A N/A N/A N/A N/A N/A 2.35 N/A
Bruce N/A N/A 2.20 N/A 3.25 2.65 2.35 1.60
Essex N/A N/A 2.20 N/A N/A N/A 2.35 N/A
Norwich 2.35 N/A 2.25 N/A 3.35 N/A 2.35 N/A
Port Hope N/A N/A N/A N/A N/A N/A 2.45 N/A
Kent Bridge 2.35 N/A 2.25 N/A 3.35 N/A 2.35 N/A
Chatham N/A N/A 2.20 N/A N/A N/A 2.35 N/A
Brigden N/A N/A 2.20 N/A N/A N/A 2.35 N/A
Palmerston N/A 2.51 2.06 2.84 N/A 2.92 2.21 N/A
Varna 2.45 2.95 2.20 N/A 3.25 2.70 2.35 N/A
Mitchell 2.35 2.80 2.25 N/A 3.35 2.65 2.35 N/A
Thornton 2.53 2.59 2.15 2.21 3.09 2.64 2.26 N/A
North Gower N/A N/A N/A N/A N/A N/A 2.25 N/A
W O Feed 2.84
TERMINAL
Port Colbor N/A N/A 2.60 N/A N/A N/A 2.65 N/A
PROCESSORS
Toledo FM N/A N/A 3.38 N/A N/A N/A 3.29 N/A
Toledo El. 11.40US 14.62CA 11.39US 14.61CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 669.22
DDG's FOB Srn & Aylm 375.00 - 385.00
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