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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, July 4

4 Jul 2022
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, July 4 Exchange rate was 1.2863 down 0.0088 Markets in the U.S. were closed for the Independence Day holiday On Friday, July 1, Chicago soybeans closed lower to sharply lower. AUG22 HI 15.73 1/4 NOV22 HI 14.70 3/4 LOW 15.05 1/4 LOW 13.91 1/4 CLOSE15.09 3/4 Down 50 3/4 CLOSE 13.95 1/4 Down 62 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +AUG22+NOV22+NOV22 CK Low 4.80 19.90 731.11 3.70 17.65 648.62 CK High 5.41 20.51 753.52 3.80 17.75 652.29 CK Average 5.28 0.74 20.38 748.74 3.75 -0.19 17.70 650.46 Essex Cty 5.30 20.40 749.48 3.70 17.65 648.62 Mdsx Low 5.30 20.40 749.48 3.75 17.70 650.46 Mdsx High 5.43 20.53 754.26 3.82 17.77 653.03 Mdsx Average5.37 0.81 20.46 751.87 3.77 -0.17 17.73 651.31 Hensall 5.37 20.46 751.93 3.80 17.75 652.29 Bruce N/A 3.75 17.70 650.46 Putnam 5.40 20.50 753.15 3.80 17.75 652.29 Burford 5.49 20.59 756.46 3.88 17.83 655.23 Port Perry 5.40 20.50 753.15 3.79 17.74 651.93 Norfolk 5.30 20.40 749.48 3.80 17.75 652.29 Palmerston 5.10 20.20 742.13 4.11 18.06 663.68 Varna N/A 3.80 17.75 652.29 Trenton N/A 3.75 17.70 650.46 Winchester N/A 3.60 17.55 644.94 North Gower 4.50 19.60 720.08 3.70 17.65 648.62 Vankleek Hil3.30 18.40 675.99 3.53 17.48 642.37 Huron FOB 5.56 5.56 3.95 N/A 20.66 759.03 3.95 17.90 657.80 Kent FOB 5.35 20.45 751.32 3.75 17.70 650.46 Lambton FOB 5.25 20.35 747.64 N/A Mdsx FOB 5.31 5.50 N/A N/A 20.41 749.85 3.95 17.90 657.80 PROCESSORS Windsor 5.81 20.91 768.22 3.92 17.87 656.70 TRANSFER Hamilton 5.90 21.00 771.53 4.45 18.40 676.18 Prescott N/A 4.10 18.05 663.32 Port Colborn N/A 4.49 18.44 677.65 Toledo El. 1.09 16.19 594.91 -0.45 13.50 496.12 Exchange rate was 1.2863 down 0.0088 Chicago wheat closed lower. SEP22 HI 8.96 1/4 JUL23 HI 9.13 1/4 LOW 8.40 1/2 LOW 8.68 1/2 CLOSE 8.46 Down 38 CLOSE 8.75 Down 26 3/4 Minni wheat closed moderately lower to lower. SEP22 HI 9.98 1/4 SEP23 HI 9.88 LOW 9.46 LOW 9.66 1/2 CLOSE 9.48 Down 42 CLOSE 9.68 1/2 Down 19 1/2 Direct MarkHarvest 2022 Harvest 2023 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 2.00 N/A N/A N/A 1.85 N/A London 2.81 2.29 1.77 N/A 2.21 2.01 1.63 N/A Hensall 3.05 N/A 1.80 N/A 2.55 N/A 1.80 N/A Trenton N/A N/A 2.00 N/A N/A N/A 1.85 N/A Bruce 2.85 2.40 2.00 1.70 2.20 2.15 1.85 N/A Essex N/A N/A 1.75 N/A N/A N/A 1.60 N/A Norwich 3.05 N/A 1.80 N/A 2.55 N/A 1.80 N/A Port Hope N/A N/A 2.00 N/A N/A N/A 1.85 N/A Kent Bridge 3.05 N/A 1.80 N/A 2.55 N/A 1.80 N/A Chatham N/A N/A 1.75 N/A N/A N/A 1.65 N/A Brigden N/A N/A 1.75 N/A N/A N/A 1.65 N/A Palmerston N/A 2.15 1.83 N/A N/A N/A 1.38 N/A Varna 3.05 2.55 2.00 N/A 2.40 2.15 1.85 N/A Mitchell 3.05 2.40 1.80 N/A 2.55 2.15 1.80 N/A Thornton 2.81 2.29 1.77 2.40 2.21 2.01 1.63 N/A North Gower N/A 1.40 1.80 1.12 N/A 1.30 1.70 0.82 W O Feed 2.19 TERMINAL Port Colbor N/A N/A 2.23 N/A N/A N/A 2.02 N/A PROCESSORS Toledo FM N/A N/A 2.42 N/A N/A N/A N/A N/A Toledo El. 8.16US 10.50CA 8.65US 11.13CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 743.74 DDG's FOB Srn & Aylm 340.00