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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, November 4

4 Nov 2021
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, November 4 Exchange rate was 1.2466 up 0.0075 Chicago soybeans closed slightly to moderately lower. JAN22 HI 12.47 1/2 NOV22 HI 12.43 1/2 LOW 12.16 LOW 12.18 CLOSE12.22 3/4 Down 21 1/2 CLOSE 12.22 1/2 Down 16 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JAN22+JAN22+MAR22 CK Low 2.60 14.83 544.82 2.31 14.54 534.07 CK High 2.66 14.89 547.02 2.40 14.63 537.38 CK Average 2.64 -0.30 14.86 546.18 2.37 -0.52 14.59 536.12 Essex Cty 2.65 14.88 546.65 2.35 14.58 535.54 Mdsx Low 2.65 14.88 546.65 2.35 14.58 535.54 Mdsx High 2.70 14.93 548.49 2.35 14.58 535.54 Mdsx Average2.68 -0.27 14.90 547.57 2.35 -0.53 14.58 535.54 Hensall 2.68 14.91 547.88 2.38 14.61 536.76 Bruce 2.65 14.88 546.65 2.40 14.63 537.38 Putnam 2.65 14.88 546.65 2.35 14.58 535.54 Burford 2.77 15.00 551.06 2.42 14.65 538.11 Port Perry 2.65 14.88 546.65 2.30 14.53 533.70 Norfolk 2.70 14.93 548.49 2.40 14.63 537.38 Palmerston 2.64 14.87 546.29 2.38 14.61 536.64 Varna 2.70 14.93 548.49 2.40 14.63 537.38 Trenton 2.65 14.88 546.65 2.35 14.58 535.54 Winchester 2.69 14.92 548.12 2.32 14.55 534.44 North Gower 2.55 14.78 542.98 2.50 14.73 541.05 Vankleek Hil2.69 14.92 548.12 2.56 14.79 543.26 Huron FOB 2.93 3.00 3.02 2.99 15.16 556.94 N/A Kent FOB 2.95 15.18 557.68 2.40 14.63 537.38 Lambton FOB 2.90 15.13 555.84 2.30 14.53 533.70 Mdsx FOB 2.93 3.05 2.86 2.89 15.16 556.94 2.42 14.65 538.11 PROCESSORS Windsor 3.31 15.54 570.91 2.57 14.80 543.62 TRANSFER Hamilton 3.35 15.58 572.38 2.80 15.03 552.07 Prescott 2.99 15.22 559.15 2.74 14.97 549.87 Port Colborn3.27 15.50 569.44 2.83 15.06 553.18 Toledo El. -0.25 11.98 440.12 -0.50 11.73 430.87 Exchange rate was 1.2466 up 0.0075 Chicago wheat closed slightly to moderately lower. DEC21 HI 7.94 1/4 JUL22 HI 7.96 3/4 LOW 7.72 1/4 LOW 7.77 CLOSE 7.73 3/4 Down 7 1/4 CLOSE 7.79 Down 7 1/2 Minni wheat closed moderately lower to lower. DEC21 HI 10.60 1/2 SEP22 HI 8.74 1/2 LOW 10.16 3/4 LOW 8.55 1/4 CLOSE 10.17 Down 27 CLOSE 8.55 1/4 Down 8 Direct MarkHarvest 2021 Harvest 2022 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 0.90 N/A N/A N/A 1.35 N/A London 0.91 1.29 0.91 N/A 1.48 1.48 1.36 N/A Hensall 0.90 N/A 0.90 N/A 1.90 N/A 1.35 N/A Trenton N/A N/A N/A N/A N/A N/A 1.35 N/A Bruce 0.90 N/A 0.90 N/A 1.90 1.60 1.30 1.20 Essex N/A N/A 0.95 N/A N/A N/A 1.30 N/A Norwich 0.90 N/A 0.90 N/A 1.90 N/A 1.35 N/A Port Hope N/A N/A 0.90 N/A N/A N/A 1.35 N/A Kent Bridge 0.90 N/A 0.90 N/A 1.90 N/A 1.35 N/A Chatham N/A N/A 0.95 N/A N/A N/A 1.35 N/A Brigden N/A N/A 0.95 N/A N/A N/A 1.35 N/A Palmerston N/A 1.60 0.79 1.65 N/A N/A 1.25 1.45 Varna 1.15 1.65 0.90 N/A 1.85 1.65 1.30 N/A Mitchell 0.90 1.40 0.90 N/A 1.90 1.60 1.35 N/A Thornton 0.91 1.29 0.91 0.78 1.48 1.48 1.36 N/A North Gower N/A 0.55 0.95 1.02 N/A N/A 1.10 N/A W O Feed 1.68 TERMINAL Port Colbor N/A N/A 1.42 N/A N/A N/A 1.68 N/A PROCESSORS Toledo FM N/A N/A 2.28 N/A N/A N/A 2.05 N/A Toledo El. 7.59US 9.46CA 7.74US 9.65CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 555.35 DDG's FOB Srn & Aylm 285.00