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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, August 29

29 Aug 2019
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, August 29 Exchange rate was 1.3293 down 0.0004 Chicago soybeans closed slightly higher. NOV19 HI 8.73 NOV19 HI 8.73 LOW 8.65 1/4 LOW 8.65 1/4 CLOSE8.68 1/2 Up 2 3/4 CLOSE 8.68 1/2 Up 2 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV19 CK Low 2.15 10.84 398.122.05 10.74 394.44 CK High 2.25 10.94 401.792.10 10.79 396.28 CK Average 2.20 -0.5010.89 399.962.07 -0.5810.75 395.06 Essex Cty 2.20 10.89 399.962.05 10.74 394.44 Mdsx Low 2.15 10.84 398.122.05 10.74 394.44 Mdsx High 2.20 10.89 399.962.05 10.74 394.44 Mdsx Average 2.18 -0.5210.86 399.042.05 -0.5910.74 394.44 Hensall 2.20 10.89 399.962.03 10.71 393.53 Bruce 2.15 10.84 398.122.00 10.69 392.61 Putnam 2.20 10.89 399.962.05 10.74 394.44 Burford 2.20 10.89 399.962.10 10.79 396.28 Port Perry 2.17 10.86 398.852.07 10.76 395.18 Norfolk 2.20 10.89 399.962.05 10.74 394.44 Palmerston 2.25 10.94 401.792.05 10.74 394.44 Varna 2.20 10.89 399.962.00 10.69 392.61 Trenton 2.15 10.84 398.122.05 10.74 394.44 Winchester N/A 2.09 10.78 395.91 North Gower 2.14 10.83 397.752.13 10.82 397.38 Huron FOB 2.35 11.04 405.472.00 10.69 392.61 Kent FOB 2.30 10.99 403.632.05 10.74 394.44 Lambton FOB 2.40 11.09 407.302.15 10.84 398.12 Middlesex FOB2.54 2.54 N/A N/A 11.23 412.452.18 10.87 399.22 PROCESSORS Windsor 2.80 11.49 422.002.53 11.22 412.08 TRANSFER Hamilton 2.70 11.39 418.332.45 11.14 409.14 Prescott N/A 2.40 11.09 407.30 Port Colborne N/A N/A Toledo El. -0.33 8.35 306.91-0.49 8.19 301.08 Exchange rate was 1.3293 down 0.0004 Chicago wheat closed slightly lower. SEP19 HI 4.73 3/4 JUL20 HI 4.87 3/4 LOW 4.68 1/2 LOW 4.82 3/4 CLOSE 4.69 3/4 Down 2 1/2 CLOSE 4.83 1/2 Down 2 3/4 Minni wheat closed slightly to moderately lower. SEP19 HI 4.87 3/4 SEP20 HI 5.52 1/2 LOW 4.79 LOW 5.45 1/2 CLOSE 4.79 1/2 Down 8 CLOSE 5.45 3/4 Down 3 GFO Cash Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 2.01 2.28 1.95 1.18 CAD $/bu 6.71 6.98 6.64 5.98 CAD $/tonne 246.55 256.31 244.10 219.56 Direct MarkHarvest 2019 Harvest 2020 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 1.60 N/A N/A N/A 1.10 N/A London 1.67 1.94 1.61 N/A 1.25 1.39 1.06 N/A Hensall 1.73 N/A 1.63 N/A 1.30 N/A 1.10 N/A Trenton N/A N/A 1.68 N/A N/A N/A 1.20 N/A Bruce 1.73 2.03 1.63 1.62 1.30 1.50 1.10 0.95 Essex N/A N/A 1.58 N/A N/A N/A 1.10 N/A Norwich 1.73 N/A 1.63 N/A 1.30 N/A 1.10 N/A Port Hope N/A 1.88 1.73 N/A N/A 1.45 1.25 N/A Kent Bridge 1.73 N/A 1.63 N/A 1.30 N/A 1.10 N/A Chatham N/A N/A 1.58 N/A N/A N/A 1.10 N/A Brigden N/A N/A 1.58 N/A N/A N/A 1.10 N/A Palmerston N/A 2.00 1.60 1.30 N/A 1.58 1.23 0.95 Varna 1.73 2.03 1.63 N/A 1.30 1.50 1.10 N/A Mitchell 1.73 1.93 1.63 N/A 1.30 1.50 1.10 N/A Thornton N/A N/A N/A 1.79 N/A N/A N/A N/A North Gower N/A 2.21 1.93 1.37 N/A 1.78 1.48 0.90 W O Feed 2.24 TERMINAL Port Colbor 2.02 2.29 1.96 N/A N/A N/A N/A N/A PROCESSORS Toledo FM N/A N/A 1.92 N/A N/A N/A N/A N/A Toledo El. 4.91US 6.52CA 4.79US 6.35CA GFO Contract Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.51 1.78 1.45 0.99 CAD $/bu 6.35 6.61 6.28 6.44 CAD $/tonne 233.27 243.02 230.84 236.81 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 461.10 DDG's FOB Srn & Aylm 190.00 - 195.00