FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, June 1
Exchange rate was 1.3585 down 0.0214
Chicago soybeans closed narrowly mixed.
JUL20 HI 8.49 NOV20 HI 8.59 3/4
LOW 8.34 LOW 8.45 3/4
CLOSE8.40 1/2 Down 1/4 CLOSE 8.52 1/4 Up 1/2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt
ELEVATORS +AUG2+JUL2+NOV20
CK Low 2.68 11.09 407.302.50 11.02 405.01
CK High 2.75 11.16 409.882.60 11.12 408.68
CK Average 2.72 -0.2111.13 408.842.56 -0.3711.08 407.15
Essex Cty 2.70 11.11 408.042.50 11.02 405.01
Mdsx Low 2.66 11.07 406.572.48 11.00 404.27
Mdsx High 2.75 11.16 409.882.60 11.12 408.68
Mdsx Average 2.71 -0.2311.11 408.222.54 -0.3811.06 406.48
Hensall 2.75 11.16 409.882.60 11.12 408.68
Bruce 2.75 11.16 409.882.60 11.12 408.68
Putnam 2.75 11.16 409.882.60 11.12 408.68
Burford 2.73 11.14 409.142.55 11.07 406.84
Port Perry 2.68 11.09 407.302.50 11.02 405.01
Norfolk 2.70 11.11 408.042.55 11.07 406.84
Palmerston 2.61 11.02 404.732.49 11.01 404.64
Varna 2.75 11.16 409.882.60 11.12 408.68
Trenton 2.75 11.16 409.882.60 11.12 408.68
Winchester 2.75 11.16 409.882.50 11.02 405.01
North Gower 2.75 11.16 409.882.75 11.27 414.19
Vankleek Hill N/A 2.85 11.37 417.87
Huron FOB 2.90 11.31 415.392.70 11.22 412.36
Kent FOB 2.95 11.36 417.222.55 11.07 406.84
Lambton FOB 3.00 11.41 419.062.60 11.12 408.68
Middlesex FOB2.85 2.92 N/A N/A 11.26 413.552.60 11.12 408.68
PROCESSORS
Windsor 3.09 11.50 422.372.72 11.24 413.09
TRANSFER
Hamilton 3.30 11.71 430.093.00 11.52 423.38
Prescott N/A 3.14 11.66 428.52
Port Colborne3.12 11.53 423.472.94 11.46 421.17
Toledo El. -0.11 8.30 304.84-0.41 8.11 298.17
Exchange rate was 1.3585 down 0.0214
Chicago wheat closed slightly lower.
JUL20 HI 5.20 3/4 SEP20 HI 5.23 1/4
LOW 5.11 1/2 LOW 5.14 1/2
CLOSE 5.15 1/4 Down 5 1/2 CLOSE 5.18 1/4 Down 5 1/4
Minni wheat closed slightly lower.
JUL20 HI 5.25 SEP20 HI 5.36
LOW 5.14 1/4 LOW 5.25 1/2
CLOSE 5.21 1/4 Down 3 3/4 CLOSE 5.32 Down 4
GFO Cash Wheat Prices - DEL Terminal
Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.98 2.19 1.98 1.26
CAD $/bu 7.14 7.34 7.14 6.47
CAD $/tonne 262.19 269.68 262.19 237.73
Direct MarkHarvest 2019 Harvest 2020
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 1.27 N/A
London 1.92 2.12 1.64 N/A 1.47 1.68 1.27 N/A
Hensall 1.65 N/A 1.65 N/A 1.42 N/A 1.27 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.42 N/A
Bruce 1.55 2.05 1.65 1.70 1.32 1.67 1.27 1.25
Essex N/A N/A N/A N/A N/A N/A 1.17 N/A
Norwich 1.65 N/A 1.65 N/A 1.42 N/A 1.27 N/A
Port Hope N/A N/A 1.65 N/A N/A N/A 1.42 N/A
Kent Bridge 1.65 N/A 1.65 N/A 1.42 N/A 1.27 N/A
Chatham N/A N/A N/A N/A N/A N/A 1.22 N/A
Brigden N/A N/A N/A N/A N/A N/A 1.22 N/A
Palmerston N/A 1.99 1.58 1.67 N/A 1.66 1.24 1.17
Varna 1.85 2.05 1.65 N/A 1.37 1.67 1.27 N/A
Mitchell 1.65 1.80 1.65 N/A 1.42 1.62 1.27 N/A
Thornton N/A N/A N/A 1.66 N/A N/A N/A N/A
North Gower N/A 2.00 1.80 1.05 N/A 1.80 1.30 1.05
W O Feed 2.13
TERMINAL
Port Colbor N/A N/A 1.98 N/A N/A N/A 1.61 N/A
PROCESSORS
Toledo FM N/A N/A 1.85 N/A N/A N/A 1.82 N/A
Toledo El. 5.15US 7.00CA 5.15US 7.00CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.52 1.86 1.52 1.23
CAD $/bu 6.70 7.04 6.70 6.55
CAD $/tonne 246.26 258.75 246.26 240.65
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 486.24
DDG's FOB Srn & Aylm 260.00
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