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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, March 1

1 Mar 2021
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, March 1 Exchange rate was 1.2647 down 0.0051 Chicago soybeans closed mixed. MAY21 HI 14.22 1/2 NOV21 HI 12.37 1/4 LOW 13.89 1/2 LOW 12.15 1/2 CLOSE13.91 1/4 Down 13 CLOSE 12.19 1/4 Down 3 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAY21+MAY21+JUL21 CK Low 3.40 17.31 636.13 2.80 14.99 550.88 CK High 3.50 17.41 639.80 2.90 15.09 554.55 CK Average 3.43 -0.20 17.35 637.35 2.86 -0.29 15.05 552.96 Essex Cty 3.50 17.41 639.80 2.85 15.04 552.72 Mdsx Low 3.40 17.31 636.13 2.85 15.04 552.72 Mdsx High 3.48 17.39 639.06 2.87 15.06 553.45 Mdsx Average3.44 -0.19 17.35 637.60 2.86 -0.29 15.05 553.08 Hensall 3.40 17.31 636.13 2.82 15.01 551.49 Bruce 3.40 17.31 636.13 2.85 15.04 552.72 Putnam 3.40 17.31 636.13 2.85 15.04 552.72 Burford 3.55 17.46 641.64 2.94 15.13 556.02 Port Perry 3.47 17.38 638.70 2.86 15.05 553.08 Norfolk 3.50 17.41 639.80 2.90 15.09 554.55 Palmerston 3.33 17.24 633.55 2.94 15.13 556.02 Varna 3.40 17.31 636.13 2.80 14.99 550.88 Trenton 3.40 17.31 636.13 2.85 15.04 552.72 Winchester 3.30 17.21 632.45 2.85 15.04 552.72 North Gower 3.25 17.16 630.61 2.83 15.02 551.98 Vankleek Hil3.28 17.19 631.72 2.85 15.04 552.72 Huron FOB 3.50 3.65 3.71 3.68 17.41 639.80 2.85 15.04 552.72 Kent FOB 3.70 17.61 647.15 2.90 15.09 554.55 Lambton FOB 3.70 17.61 647.15 3.15 15.34 563.74 Mdsx FOB 3.61 3.67 N/A N/A 17.52 643.84 3.00 15.19 558.23 PROCESSORS Windsor 3.95 17.86 656.33 3.11 15.30 562.27 TRANSFER Hamilton 4.05 17.96 660.01 3.35 15.54 571.09 Prescott N/A 3.35 15.54 571.09 Port Colborn3.83 17.74 651.93 3.41 15.60 573.29 Toledo El. 0.00 13.91 511.20 -0.44 11.75 431.74 Exchange rate was 1.2647 down 0.0051 Chicago wheat closed slightly to moderately lower. MAY21 HI 6.66 3/4 JUL21 HI 6.56 1/2 LOW 6.47 3/4 LOW 6.40 1/2 CLOSE 6.50 1/4 Down 10 CLOSE 6.42 1/2 Down 7 1/2 Minni wheat closed slightly lower. MAY21 HI 6.44 1/2 SEP21 HI 6.59 LOW 6.30 3/4 LOW 6.46 3/4 CLOSE 6.33 1/2 Down 5 1/4 CLOSE 6.48 1/2 Down 5 1/4 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 1.35 N/A N/A N/A 1.00 N/A London 1.43 1.37 1.37 N/A 1.28 1.28 1.02 N/A Hensall 1.35 N/A 1.30 N/A 1.25 N/A 1.00 N/A Trenton N/A N/A N/A N/A N/A N/A 1.00 N/A Bruce 1.35 1.45 1.35 1.45 1.25 1.30 1.05 1.30 Essex N/A N/A 1.35 N/A N/A N/A 1.05 N/A Norwich 1.35 N/A 1.30 N/A 1.25 N/A 1.00 N/A Port Hope N/A N/A N/A N/A N/A N/A 1.05 N/A Kent Bridge 1.35 N/A 1.30 N/A 1.25 N/A 1.00 N/A Chatham N/A N/A 1.35 N/A N/A N/A 1.05 N/A Brigden N/A N/A 1.35 N/A N/A N/A 1.05 N/A Palmerston N/A N/A 1.35 1.31 N/A 1.24 1.05 1.28 Varna 1.35 1.40 1.35 N/A 1.25 1.25 1.05 N/A Mitchell 1.35 1.45 1.30 N/A 1.25 1.20 1.00 N/A Thornton 1.43 1.37 1.37 1.09 1.28 1.28 1.02 N/A North Gower N/A 1.30 1.30 1.00 N/A 0.98 0.98 1.10 W O Feed 1.97 TERMINAL Port Colbor N/A N/A 1.82 N/A N/A N/A 1.37 N/A PROCESSORS Toledo FM N/A N/A 1.72 N/A N/A N/A 1.70 N/A Toledo El. 6.50US 8.22CA 6.38US 8.06CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 615.43 DDG's FOB Srn & Aylm 350.00 - 360.00