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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, April 16

16 Apr 2021
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, April 16 Exchange rate was 1.2503 down 0.0031 Chicago soybeans closed slightly to moderately higher. MAY21 HI 14.37 3/4 NOV21 HI 12.82 1/4 LOW 14.18 LOW 12.66 3/4 CLOSE14.33 1/4 Up 15 CLOSE 12.74 Up 5 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +MAY21+JUL21+JUL21 CK Low 3.69 18.02 662.21 2.80 15.54 571.00 CK High 3.70 18.03 662.58 2.85 15.59 572.83 CK Average 3.70 0.09 18.03 662.52 2.83 -0.28 15.57 572.22 Essex Cty 3.70 18.03 662.58 2.80 15.54 571.00 Mdsx Low 3.67 18.00 661.48 2.78 15.52 570.26 Mdsx High 3.70 18.03 662.58 2.85 15.59 572.83 Mdsx Average3.69 0.08 18.02 662.03 2.82 -0.30 15.56 571.55 Hensall 3.70 18.03 662.58 2.85 15.59 572.83 Bruce 3.70 18.03 662.58 2.85 15.59 572.83 Putnam 3.70 18.03 662.58 2.85 15.59 572.83 Burford 3.74 18.07 664.05 2.85 15.59 572.83 Port Perry 3.66 17.99 661.11 2.77 15.51 569.89 Norfolk 3.70 18.03 662.58 2.85 15.59 572.83 Palmerston 3.71 18.04 662.95 2.87 15.61 573.57 Varna 3.70 18.03 662.58 2.85 15.59 572.83 Trenton 3.70 18.03 662.58 2.85 15.59 572.83 Winchester 3.70 18.03 662.58 2.85 15.59 572.83 North Gower 3.35 17.68 649.72 2.80 15.54 571.00 Vankleek Hil3.43 17.76 652.66 2.93 15.67 575.77 Huron FOB 3.85 3.85 3.70 3.70 18.18 668.09 2.90 15.64 574.67 Kent FOB 3.85 18.18 668.09 2.85 15.59 572.83 Lambton FOB 3.75 18.08 664.42 3.05 15.79 580.18 Mdsx FOB 3.80 3.80 N/A N/A 18.13 666.26 2.91 15.65 575.04 PROCESSORS Windsor 4.16 18.49 679.48 3.05 15.79 580.18 TRANSFER Hamilton 4.20 18.53 680.95 3.35 16.09 591.21 Prescott N/A 3.05 15.79 580.18 Port Colborn3.71 18.04 662.95 3.32 16.06 590.10 Toledo El. 0.25 14.58 535.82 -0.44 12.30 452.04 Exchange rate was 1.2503 down 0.0031 Chicago wheat closed narrowly mixed. MAY21 HI 6.59 3/4 JUL21 HI 6.60 3/4 LOW 6.48 1/4 LOW 6.49 1/2 CLOSE 6.52 1/2 Down 1 1/4 CLOSE 6.55 Down 1/2 Minni wheat closed steady to slightly higher. MAY21 HI 6.67 1/2 SEP21 HI 6.80 LOW 6.59 1/2 LOW 6.73 1/2 CLOSE 6.64 1/4 Up 1 CLOSE 6.76 1/2 Unchanged 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 1.40 N/A N/A N/A 1.00 N/A London 1.33 1.39 1.39 N/A 1.27 1.20 1.02 N/A Hensall N/A N/A N/A 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 1.40 1.50 1.40 1.50 1.20 1.20 1.00 1.30 Essex N/A N/A 1.40 N/A N/A N/A 1.00 N/A Norwich N/A N/A N/A N/A 1.25 N/A 1.00 N/A Port Hope N/A N/A N/A N/A N/A N/A 1.00 N/A Kent Bridge N/A N/A N/A N/A 1.25 N/A 1.00 N/A Chatham N/A N/A N/A N/A N/A N/A 1.00 N/A Brigden N/A N/A 1.40 N/A N/A N/A 1.00 N/A Palmerston N/A N/A 1.44 1.60 N/A 1.41 1.09 1.44 Varna 1.40 1.50 1.40 N/A 1.20 1.20 1.00 N/A Mitchell N/A N/A N/A N/A 1.25 1.20 1.00 N/A Thornton 1.33 1.39 1.39 0.90 1.27 1.20 1.02 N/A North Gower N/A 1.30 1.30 0.90 N/A 0.94 0.94 0.85 W O Feed 2.13 TERMINAL Port Colbor N/A N/A 1.84 N/A N/A N/A 1.34 N/A PROCESSORS Toledo FM N/A N/A 1.63 N/A N/A N/A 1.64 N/A Toledo El. 6.65US 8.31CA 6.65US 8.31CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 578.94 DDG's FOB Srn & Aylm 290.00 - 295.00