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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, July 2

2 Jul 2018
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, July 2 Exchange rate was 1.3188 up 0.0049 Chicago soybeans closed slightly lower. AUG18 HI 8.68 NOV18 HI 8.85 LOW 8.50 1/2 LOW 8.66 1/4 CLOSE8.53 1/2 Down 10 CLOSE 8.69 1/2 Down 10 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +AUG1+AUG1+NOV18 CK Low 2.35 10.89 399.962.39 11.09 407.30 CK High 2.55 11.09 407.302.60 11.30 415.02 CK Average 2.48 -0.1911.01 404.552.49 -0.1911.19 410.98 Essex Cty 2.40 10.94 401.792.35 11.05 405.83 Mdsx Low 2.35 10.89 399.962.39 11.09 407.30 Mdsx High 2.50 11.04 405.472.55 11.25 413.18 Mdsx Average 2.43 -0.2210.96 402.712.47 -0.2111.17 410.24 Hensall 2.50 11.04 405.472.58 11.27 414.10 Bruce 2.50 11.04 405.472.55 11.25 413.18 Putnam 2.50 11.04 405.472.55 11.25 413.18 Burford 2.42 10.96 402.532.46 11.16 409.88 Port Perry 2.32 10.86 398.852.36 11.06 406.20 Norfolk 2.45 10.99 403.632.55 11.25 413.18 Palmerston 2.55 11.09 407.302.65 11.35 416.86 Varna 2.50 11.04 405.472.60 11.30 415.02 Trenton 2.50 11.04 405.472.50 11.20 411.35 Winchester 2.46 11.00 404.002.48 11.18 410.61 North Gower 2.18 10.72 393.712.30 11.00 404.00 Huron FOB 2.60 11.14 409.142.70 11.40 418.69 Kent FOB 2.50 11.04 405.472.50 11.20 411.35 Lambton FOB 2.55 11.09 407.302.60 11.30 415.02 Middlesex FOB2.52 2.54 2.54 N/A 11.06 406.202.49 11.19 410.98 PROCESSORS Windsor 2.86 11.40 418.692.65 11.35 416.86 TRANSFER Hamilton N/A 2.90 11.60 426.04 Prescott 2.25 10.79 396.282.84 11.54 423.84 Toledo El. -0.12 8.42 309.25-0.39 8.30 304.98 Exchange rate was 1.3188 up 0.0049 Chicago wheat closed lower. SEP18 HI 5.09 3/4 JUL19 HI 5.57 1/4 LOW 4.79 1/2 LOW 5.28 1/2 CLOSE 4.80 1/4 Down 21 CLOSE 5.29 1/2 Down 19 Minni wheat closed moderately lower. SEP18 HI 5.44 1/4 SEP19 HI 5.95 1/4 LOW 5.25 3/4 LOW 5.90 1/4 CLOSE 5.27 Down 9 3/4 CLOSE 5.91 Down 7 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.20 1.14 1.20 0.23 CAD $/bu 6.00 5.94 6.00 5.50 CAD $/tonne 220.61 218.18 220.61 202.07 Direct MarkHarvest 2018 Harvest 2019 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 1.00 N/A N/A N/A 1.00 N/A London 1.11 1.25 0.99 N/A 1.33 1.26 0.96 N/A Hensall 1.10 N/A 1.00 N/A 1.20 N/A 1.00 N/A Trenton N/A N/A 1.00 N/A N/A N/A 1.05 N/A Bruce 1.10 1.20 1.00 0.55 1.20 1.20 1.00 0.50 Essex N/A N/A 0.90 N/A N/A N/A 0.98 N/A Norwich 1.10 N/A 1.00 N/A 1.20 N/A 1.00 N/A Port Hope N/A 1.05 1.05 N/A N/A 1.05 1.05 N/A Kent Bridge 1.10 N/A 1.00 N/A 1.20 N/A 1.00 N/A Chatham N/A N/A 1.00 N/A N/A N/A 1.00 N/A Brigden N/A N/A 1.00 N/A N/A N/A 1.00 N/A Palmerston N/A 1.10 1.05 0.55 N/A 0.65 0.95 N/A Varna 1.20 1.20 1.00 N/A 1.00 1.10 0.90 N/A Mitchell 1.10 1.20 1.00 N/A 1.20 1.20 1.00 N/A Thornton N/A N/A N/A 0.78 N/A N/A N/A N/A North Gower N/A 1.02 1.04 0.19 N/A 1.19 1.19 0.12 W O Feed 1.55 PROCESSORS Toledo FM N/A N/A 1.66 N/A N/A N/A 1.80 N/A Toledo El. 4.80US 6.33CA 5.15US 6.77CA GFO Contract Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.34 1.28 1.28 0.42 CAD $/bu 6.64 6.57 6.57 6.33 CAD $/tonne 243.91 241.49 241.49 232.55 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 521.40 DDG's FOB Srn & Aylm 240.00 - 245.00