News & Resources

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, May 30

30 May 2023
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, May 30 Exchange rate was 1.3597 up 0.0017 Chicago soybeans closed moderately lower to lower. AUG23 HI 12.61 1/4 NOV23 HI 11.91 1/2 LOW 12.16 1/2 LOW 11.51 CLOSE12.19 1/2 Down 41 1/2 CLOSE 11.53 1/4 Down 36 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +AUG23+AUG23+AUG23 CK Low 4.79 16.99 624.09 2.90 14.43 530.30 CK High 5.12 17.32 636.22 3.00 14.53 533.98 CK Average 4.88 0.36 17.08 627.40 2.94 -0.89 14.47 531.83 Essex Cty 4.85 17.05 626.30 2.95 14.48 532.14 Mdsx Low 4.77 16.97 623.36 2.85 14.38 528.47 Mdsx High 4.85 17.05 626.30 2.92 14.45 531.04 Mdsx Average4.82 0.32 17.01 625.10 2.89 -0.92 14.43 530.03 Hensall 4.82 17.01 625.07 2.90 14.43 530.30 Bruce 4.80 17.00 624.46 2.90 14.43 530.30 Putnam 4.85 17.05 626.30 2.90 14.43 530.30 Burford 4.87 17.07 627.03 3.02 14.55 534.71 Port Perry 4.71 16.91 621.15 2.86 14.39 528.83 Norfolk 4.85 17.05 626.30 2.95 14.48 532.14 Palmerston 4.80 17.00 624.46 2.90 14.43 530.30 Varna 4.80 17.00 624.46 2.90 14.43 530.30 Trenton 4.90 17.10 628.13 2.90 14.43 530.30 Winchester N/A 3.20 14.73 541.33 North Gower 4.92 17.12 628.87 3.20 14.73 541.33 Vankleek Hil4.92 17.12 628.87 3.19 14.72 540.96 Huron FOB 4.94 5.21 5.21 5.28 17.14 629.60 N/A Kent FOB 5.05 17.25 633.65 2.95 14.48 532.14 Lambton FOB 4.73 16.93 621.89 N/A Mdsx FOB 5.06 5.19 5.33 N/A 17.26 634.01 3.14 14.67 539.12 PROCESSORS Windsor 5.49 17.69 649.81 3.62 15.15 556.76 TRANSFER Hamilton 5.40 17.60 646.51 3.60 15.13 556.02 Prescott N/A 3.57 15.10 554.92 Port Colborn N/A 3.66 15.19 558.23 Toledo El. 1.35 13.54 497.55 -0.61 10.92 401.26 Exchange rate was 1.3597 up 0.0017 Chicago wheat closed moderately lower to lower. JUL23 HI 6.16 3/4 JUL23 HI 6.16 3/4 LOW 5.88 3/4 LOW 5.88 3/4 CLOSE 5.91 Down 25 CLOSE 5.91 Down 25 Minni wheat closed lower. JUL23 HI 8.21 SEP23 HI 8.19 1/2 LOW 7.88 1/4 LOW 7.90 1/4 CLOSE 7.93 Down 25 CLOSE 7.94 1/2 Down 24 3/4 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 1.30 N/A N/A N/A 0.85 N/A London 2.09 1.62 1.21 N/A 2.30 1.41 0.87 N/A Hensall 2.60 2.00 1.30 1.60 2.50 1.55 0.85 1.35 Trenton N/A N/A N/A N/A N/A N/A 0.85 N/A Bruce 2.30 1.80 1.30 1.25 1.85 1.35 0.85 1.15 Essex N/A N/A 1.30 N/A N/A N/A 0.85 N/A Norwich N/A N/A 1.30 N/A 2.65 N/A 0.85 N/A Belmore 2.50 1.65 1.30 1.15 2.00 1.50 0.85 1.15 Kent Bridge N/A N/A 1.30 N/A 2.65 N/A 0.85 N/A Chatham N/A N/A 1.30 N/A N/A N/A 0.85 N/A Brigden N/A N/A 1.30 N/A N/A N/A 0.85 N/A Palmerston 2.30 1.80 1.30 1.25 1.85 1.35 0.85 1.15 Varna 2.60 2.00 1.30 N/A 2.50 1.55 0.85 N/A Mitchell N/A N/A 1.30 N/A 2.65 1.60 0.85 N/A Thornton 2.09 1.62 1.21 1.53 2.30 1.41 0.87 N/A North Gower N/A 1.00 1.30 1.42 N/A 0.90 1.10 1.17 W O Feed 2.07 TERMINAL Port Colbor N/A N/A 1.88 N/A N/A N/A 1.41 N/A PROCESSORS Toledo FM N/A N/A N/A N/A N/A N/A 1.92 N/A Toledo El. 5.66US 7.70CA 5.66US 7.70CA (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 642.22 DDG's FOB Aylm 335.00