FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, May 20
Exchange rate was 1.2855 up 0.0053
Chicago soybeans closed slightly higher.
JUL22 HI 17.10 3/4 NOV22 HI 15.26 3/4
LOW 16.83 1/4 LOW 15.06
CLOSE17.05 1/4 Up 14 3/4 CLOSE 15.21 3/4 Up 7 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +JUL22+JUL22+SEP22
CK Low 4.70 21.75 799.27 3.61 18.83 691.79
CK High 4.75 21.80 801.10 3.70 18.92 695.10
CK Average 4.73 -0.11 21.78 800.32 3.67 -0.52 18.89 694.10
Essex Cty 4.70 21.75 799.27 3.65 18.87 693.26
Mdsx Low 4.70 21.75 799.27 3.63 18.85 692.53
Mdsx High 4.77 21.82 801.84 3.70 18.92 695.10
Mdsx Average4.74 -0.10 21.79 800.74 3.66 -0.53 18.88 693.63
Hensall 4.75 21.80 801.10 3.72 18.93 695.71
Bruce 4.70 21.75 799.27 3.70 18.92 695.10
Putnam 4.75 21.80 801.10 3.75 18.97 696.94
Burford 4.79 21.84 802.57 3.65 18.87 693.26
Port Perry 4.68 21.73 798.53 3.54 18.76 689.22
Norfolk 4.70 21.75 799.27 3.70 18.92 695.10
Palmerston 4.87 21.92 805.51 3.84 19.06 700.24
Varna 4.75 21.80 801.10 3.70 18.92 695.10
Trenton 4.50 21.55 791.92 3.70 18.92 695.10
Winchester 4.46 21.51 790.45 3.72 18.94 695.83
North Gower 4.80 21.85 802.94 3.75 18.97 696.94
Vankleek Hil5.00 22.05 810.29 3.48 18.70 687.02
Huron FOB 4.80 4.91 4.98 5.08 21.85 802.94 3.72 18.94 695.83
Kent FOB 4.90 21.95 806.62 3.65 18.87 693.26
Lambton FOB 4.95 22.00 808.45 N/A
Mdsx FOB 4.94 5.00 5.06 N/A 21.99 808.09 3.86 19.08 700.98
PROCESSORS
Windsor 5.67 22.72 834.91 4.12 19.34 710.53
TRANSFER
Hamilton 5.35 22.40 823.15 4.30 19.52 717.15
Prescott N/A 4.10 19.32 709.80
Port Colborn N/A 3.99 19.21 705.75
Toledo El. 0.06 17.12 628.93 -0.45 14.77 542.62
Exchange rate was 1.2855 up 0.0053
Chicago wheat closed moderately lower to lower.
JUL22 HI 12.08 SEP22 HI 12.13 3/4
LOW 11.68 LOW 11.74
CLOSE 11.68 3/4 Down 31 3/4 CLOSE 11.74 1/2 Down 31 1/2
Minni wheat closed sharply lower.
JUL22 HI 13.30 SEP22 HI 13.30
LOW 12.76 LOW 12.75 1/2
CLOSE 12.79 Down 51 1/2 CLOSE 12.78 3/4 Down 50 1/4
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 N/A N/A N/A N/A 2.35 N/A
London 2.49 2.55 1.98 N/A 3.07 2.36 2.24 N/A
Hensall 2.35 N/A 2.25 N/A 3.35 N/A 2.35 N/A
Trenton N/A N/A N/A N/A N/A N/A 2.35 N/A
Bruce N/A N/A 2.20 N/A 3.25 2.65 2.35 1.60
Essex N/A N/A 2.15 N/A N/A N/A 2.30 N/A
Norwich 2.35 N/A 2.25 N/A 3.35 N/A 2.35 N/A
Port Hope N/A N/A N/A N/A N/A N/A 2.45 N/A
Kent Bridge 2.35 N/A 2.25 N/A 3.35 N/A 2.35 N/A
Chatham N/A N/A 2.15 N/A N/A N/A 2.30 N/A
Brigden N/A N/A 2.15 N/A N/A N/A 2.30 N/A
Palmerston N/A 2.58 2.13 2.88 N/A 2.98 2.27 N/A
Varna 2.45 2.95 2.20 N/A 3.25 2.70 2.35 N/A
Mitchell 2.35 2.80 2.25 N/A 3.35 2.65 2.35 N/A
Thornton 2.49 2.55 1.98 2.03 3.07 2.36 2.24 N/A
North Gower N/A N/A N/A N/A N/A N/A 2.25 N/A
W O Feed 2.92
TERMINAL
Port Colbor N/A N/A 2.43 N/A N/A N/A 2.63 N/A
PROCESSORS
Toledo FM N/A N/A 3.41 N/A N/A N/A 3.35 N/A
Toledo El. 11.54US 14.83CA 11.54US 14.83CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 666.80
DDG's FOB Srn & Aylm 405.00 - 410.00
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