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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, January 22

22 Jan 2021
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, January 22 Exchange rate was 1.2723 up 0.0094 Chicago soybeans closed lower to sharply lower. MAR21 HI 13.67 NOV21 HI 11.65 LOW 13.05 1/4 LOW 11.03 1/4 CLOSE13.11 3/4 Down 58 1/2 CLOSE 11.12 Down 56 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAR21+MAR21+MAY21 CK Low 3.19 16.31 599.20 2.57 13.69 503.02 CK High 3.20 16.32 599.57 2.65 13.77 505.96 CK Average 3.20 -0.29 16.32 599.50 2.62 -0.32 13.74 504.86 Essex Cty 3.20 16.32 599.57 2.60 13.72 504.12 Mdsx Low 3.17 16.29 598.46 2.55 13.67 502.29 Mdsx High 3.20 16.32 599.57 2.60 13.72 504.12 Mdsx Average3.19 -0.30 16.30 599.01 2.58 -0.36 13.70 503.21 Hensall 3.20 16.32 599.57 2.60 13.72 504.12 Bruce 3.20 16.32 599.57 2.60 13.72 504.12 Putnam 3.20 16.32 599.57 2.60 13.72 504.12 Burford 3.24 16.36 601.04 2.62 13.74 504.86 Port Perry 3.16 16.28 598.10 2.54 13.66 501.92 Norfolk 3.20 16.32 599.57 2.65 13.77 505.96 Palmerston 3.14 16.26 597.36 2.51 13.63 500.82 Varna 3.20 16.32 599.57 2.60 13.72 504.12 Trenton 3.20 16.32 599.57 2.60 13.72 504.12 Winchester 3.20 16.32 599.57 2.61 13.73 504.49 North Gower 3.35 16.47 605.08 2.73 13.85 508.90 Vankleek Hil3.13 16.25 596.99 2.58 13.70 503.39 Huron FOB 3.39 3.45 3.45 3.51 16.51 606.55 2.67 13.79 506.70 Kent FOB 3.20 16.32 599.57 2.65 13.77 505.96 Lambton FOB 3.25 16.37 601.40 2.80 13.92 511.47 Mdsx FOB 3.30 3.37 3.37 N/A 16.42 603.24 2.76 13.88 510.00 PROCESSORS Windsor 3.53 16.65 611.69 2.80 13.92 511.47 TRANSFER Hamilton 3.65 16.77 616.10 3.10 14.22 522.50 Prescott N/A 2.96 14.08 517.35 Port Colborn3.71 16.83 618.30 3.15 14.27 524.33 Toledo El. -0.13 12.99 477.31 -0.45 10.67 392.22 Exchange rate was 1.2723 up 0.0094 Chicago wheat closed lower to sharply lower. MAR21 HI 6.59 JUL21 HI 6.45 1/2 LOW 6.33 LOW 6.22 CLOSE 6.34 1/2 Down 26 1/4 CLOSE 6.24 Down 23 3/4 Minni wheat closed lower. MAR21 HI 6.34 1/2 SEP21 HI 6.51 LOW 6.11 LOW 6.31 CLOSE 6.12 1/2 Down 22 3/4 CLOSE 6.31 3/4 Down 21 Direct MarkHarvest 2020 Harvest 2021 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 1.30 N/A N/A N/A 1.05 N/A London 1.35 1.29 1.22 N/A 1.25 1.25 1.00 N/A Hensall 1.35 N/A 1.30 N/A 1.35 N/A 1.05 N/A Trenton N/A N/A N/A N/A N/A N/A 1.10 N/A Bruce 1.30 1.40 1.30 1.40 1.25 1.30 1.10 1.30 Essex N/A N/A 1.30 N/A N/A N/A 1.05 N/A Norwich 1.35 N/A 1.30 N/A 1.35 N/A 1.05 N/A Port Hope N/A N/A N/A N/A N/A N/A 1.10 N/A Kent Bridge 1.35 N/A 1.30 N/A 1.35 N/A 1.05 N/A Chatham N/A N/A 1.30 N/A N/A N/A 1.05 N/A Brigden N/A N/A 1.30 N/A N/A N/A 1.05 N/A Palmerston N/A 1.16 1.23 N/A N/A 1.26 1.07 N/A Varna 1.30 1.35 1.30 N/A 1.25 1.25 1.05 N/A Mitchell 1.35 1.45 1.30 N/A 1.35 1.30 1.05 N/A Thornton N/A N/A N/A 1.13 N/A N/A N/A N/A North Gower N/A 1.12 1.12 0.75 N/A 1.20 1.20 0.75 W O Feed 1.97 TERMINAL Port Colbor N/A N/A 1.74 N/A N/A N/A 1.39 N/A PROCESSORS Toledo FM N/A N/A 1.73 N/A N/A N/A 1.70 N/A Toledo El. 6.35US 8.07CA 6.19US 7.88CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 630.09 DDG's FOB Srn & Aylm 330.00 - 340.00