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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, March 23
Exchange rate was 1.3695 up 0.0026
Chicago soybeans closed slightly to moderately lower.
JUL23 HI 14.31 NOV23 HI 12.78 1/2
LOW 13.93 3/4 LOW 12.50
CLOSE13.98 1/2 Down 26 1/2 CLOSE 12.58 Down 14 1/2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +JUL23+JUL23+JUL23
CK Low 4.87 18.86 692.80 3.98 16.56 608.48
CK High 4.95 18.94 695.74 4.10 16.68 612.89
CK Average 4.90 -0.19 18.89 694.01 4.01 -0.46 16.59 609.63
Essex Cty 4.90 18.89 693.90 4.00 16.58 609.21
Mdsx Low 4.90 18.89 693.90 4.00 16.58 609.21
Mdsx High 4.95 18.94 695.74 4.10 16.68 612.89
Mdsx Average4.92 -0.18 18.90 694.46 4.03 -0.45 16.61 610.31
Hensall 4.90 18.89 693.90 4.00 16.58 609.21
Bruce 4.90 18.89 693.90 4.00 16.58 609.21
Putnam 4.90 18.89 693.90 4.00 16.58 609.21
Burford 4.98 18.97 696.84 4.09 16.67 612.52
Port Perry 4.82 18.81 690.97 3.93 16.51 606.64
Norfolk 4.90 18.89 693.90 4.00 16.58 609.21
Palmerston N/A N/A
Varna 4.90 18.89 693.90 4.00 16.58 609.21
Trenton 4.90 18.89 693.90 4.00 16.58 609.21
Winchester 4.85 18.84 692.07 3.95 16.53 607.37
North Gower 5.20 19.19 704.93 4.15 16.73 614.72
Vankleek Hil4.64 18.63 684.35 3.76 16.34 600.39
Huron FOB 4.90 5.00 5.13 N/A 18.89 693.90 N/A
Kent FOB 5.25 19.24 706.77 4.15 16.73 614.72
Lambton FOB 4.98 18.97 696.84 N/A
Mdsx FOB 4.96 5.17 N/A N/A 18.95 696.11 4.14 16.72 614.35
PROCESSORS
Windsor 5.69 19.68 722.93 4.77 17.35 637.50
TRANSFER
Hamilton 5.40 19.39 712.28 4.70 17.28 634.93
Prescott N/A 4.36 16.94 622.44
Port Colborn N/A 4.63 17.21 632.36
Toledo El. -0.18 13.81 507.32 -0.62 11.96 439.59
Exchange rate was 1.3695 up 0.0026
Chicago wheat closed narrowly mixed.
MAY23 HI 6.75 1/2 JUL23 HI 6.86 1/2
LOW 6.57 1/4 LOW 6.69 1/4
CLOSE 6.62 Down 1 1/2 CLOSE 6.74 Down 3/4
Minni wheat closed slightly higher.
MAY23 HI 8.51 3/4 SEP23 HI 8.45 3/4
LOW 8.32 3/4 LOW 8.30 1/4
CLOSE 8.41 1/4 Up 7 1/2 CLOSE 8.38 1/2 Up 8 1/4
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 1.50 N/A N/A N/A 1.30 N/A
London 2.37 1.89 1.28 N/A 2.62 1.76 1.12 N/A
Hensall 4.20 N/A 1.50 N/A 2.90 N/A 1.30 N/A
Trenton N/A N/A N/A N/A N/A N/A N/A N/A
Bruce 2.50 2.00 1.50 1.15 2.30 1.80 1.30 1.15
Essex N/A N/A 1.45 N/A N/A N/A 1.30 N/A
Norwich 4.20 N/A 1.50 N/A 2.90 N/A 1.30 N/A
Belmore 2.50 1.75 1.50 1.15 2.00 1.90 1.30 N/A
Kent Bridge 4.20 N/A 1.50 N/A 2.90 N/A 1.30 N/A
Chatham N/A N/A 1.45 N/A N/A N/A 1.30 N/A
Brigden N/A N/A 1.45 N/A N/A N/A 1.30 N/A
Palmerston N/A 1.69 1.14 N/A N/A N/A N/A N/A
Varna 4.10 2.15 1.50 N/A 2.80 1.90 1.30 N/A
Mitchell 4.20 N/A 1.50 N/A 2.90 1.95 1.30 N/A
Thornton 2.37 1.89 1.28 1.76 2.62 1.73 1.12 N/A
North Gower N/A 1.40 1.70 1.92 N/A 1.10 1.40 1.52
W O Feed 2.17
TERMINAL
Port Colbor N/A N/A 2.09 N/A N/A N/A 1.79 N/A
PROCESSORS
Toledo FM N/A N/A N/A N/A N/A N/A 2.22 N/A
Toledo El. 6.27US 8.59CA 6.49US 8.89CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 730.07
DDG's FOB Aylm 370.00
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