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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, October 13

13 Oct 2015
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, October 13 Bank of Canada Noon exchange rate was 1.2986 up 0.0040 Chicago soybeans closed moderately higher to higher. NOV15 HI 9.15 NOV16 HI 9.15 3/4 LOW 8.86 LOW 8.95 CLOSE9.14 Up 26 1/2 CLOSE 9.15 Up 20 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +NOV1+JAN1+JAN16 CK Low 2.05 11.19 411.161.55 10.70 393.16 CK High 2.15 11.29 414.841.70 10.85 398.67 CK Average 2.08 -0.6811.22 412.391.64 -1.1310.79 396.28 Essex Cty 2.10 11.24 413.001.63 10.78 396.10 Mdsx Low 2.03 11.17 410.431.56 10.71 393.53 Mdsx High 2.05 11.19 411.161.65 10.80 396.83 Mdsx Average 2.04 -0.7211.18 410.791.61 -1.1610.76 395.18 Hensall 2.08 11.22 412.081.65 10.80 396.83 Bruce 2.05 11.19 411.161.65 10.80 396.83 Putnam 2.05 11.19 411.161.65 10.80 396.83 Burford 2.06 11.20 411.531.59 10.74 394.63 Port Perry 2.03 11.17 410.431.56 10.71 393.53 Norfolk 2.15 11.29 414.841.63 10.78 396.10 Palmerston 2.00 11.14 409.321.60 10.75 394.99 Varna 2.10 11.24 413.001.65 10.80 396.83 Trenton 2.03 11.17 410.431.65 10.80 396.83 Winchester 2.14 11.28 414.471.96 11.11 408.22 North Gower 2.15 11.29 414.842.02 11.17 410.43 Huron FOB 2.20 11.34 416.671.75 10.90 400.51 Kent FOB 2.10 11.24 413.001.63 10.78 396.10 Lambton FOB 2.10 11.24 413.001.63 10.78 396.10 Middlesex FOB2.26 2.32 N/A N/A 11.40 418.881.79 10.94 401.98 PROCESSORS Hamilton 2.66 2.66 2.67 2.67 11.80 433.582.16 11.31 415.57 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Hamilton N/A N/A Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC N/A N/A Toledo El. -0.36 8.78 322.44-0.49 8.66 318.02 Bank of Canada Noon exchange rate was 1.2986 up 0.0040 Chicago wheat closed higher. DEC15 HI 5.21 3/4 JUL16 HI 5.37 3/4 LOW 5.05 LOW 5.22 1/2 CLOSE 5.19 Up 12 1/4 CLOSE 5.35 1/2 Up 12 1/4 Minni wheat closed moderately higher. DEC15 HI 5.39 3/4 SEP16 HI 5.80 1/4 LOW 5.27 1/4 LOW 5.68 3/4 CLOSE 5.36 1/4 Up 8 CLOSE 5.77 Up 8 GFO Cash Wheat Prices - DEL Terminal Current Crop 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 3.65 1.44 1.18 0.71 CAD $/bu 8.84 6.63 6.37 6.07 CAD $/tonne 324.86 243.52 233.95 223.07 Direct MarkHarvest 2015 Harvest 2016 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 0.70 N/A N/A 1.05 0.50 N/A London 3.38 0.83 0.83 N/A 1.59 1.01 0.48 N/A Hensall 3.40 N/A 0.95 N/A 1.60 N/A 0.45 N/A Trenton N/A N/A 0.90 N/A N/A N/A 0.45 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A 0.30 N/A N/A N/A 0.50 N/A Norwich 3.40 N/A 0.95 N/A 1.70 N/A 0.45 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge 3.40 N/A 0.35 N/A 1.70 N/A 0.45 N/A Chatham N/A 1.05 0.30 N/A N/A 1.10 0.50 N/A Brigden N/A N/A 0.30 N/A N/A N/A 0.50 N/A Palmerston N/A 1.05 0.95 0.50 N/A 1.15 0.50 0.30 Varna 3.55 1.00 1.00 N/A 1.70 1.05 0.50 N/A Mitchell 3.40 1.00 0.95 N/A 1.60 1.00 0.45 N/A Thornton N/A N/A N/A 0.55 N/A N/A N/A N/A North Gower N/A 1.40 1.14 0.68 N/A 1.71 0.79 1.19 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A N/A N/A N/A N/A N/A N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 4.37N/A 1.96N/A 3.25N/A 1.94N/A Toledo El. 5.36US 6.98CA 5.18US 6.74CA GFO Contract Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.62 1.75 0.84 1.22 CAD $/bu 6.97 7.10 6.19 6.99 CAD $/tonne 256.20 260.99 227.50 256.92 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 260.00 - 265.00 Bayport Oats 265.00 Bayport Barley 250.00 FOB Hm Soymeal 491.31 - 510.05 DDG's FOB Srn & Aylm 210.00