FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, May 3
Exchange rate was 1.3671 up 0.0007
Chicago soybeans closed slightly to moderately higher.
JUL24 HI 12.16 1/2 NOV24 HI 12.02
LOW 11.97 3/4 LOW 11.85 1/2
CLOSE12.15 Up 16 CLOSE 12.01 Up 13 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +JUL24+JUL24+AUG24
CK Low 3.33 15.48 568.79 3.21 15.22 559.24
CK High 3.50 15.65 575.04 3.40 15.41 566.22
CK Average 3.40 -0.77 15.55 571.52 3.28 -0.83 15.29 561.81
Essex Cty 3.50 15.65 575.04 3.30 15.31 562.55
Mdsx Low 3.26 15.41 566.22 3.14 15.15 556.67
Mdsx High 3.40 15.55 571.36 3.25 15.26 560.71
Mdsx Average3.34 -0.82 15.49 569.16 3.22 -0.87 15.23 559.70
Hensall 3.30 15.45 567.69 3.17 15.18 557.65
Bruce 3.30 15.45 567.69 3.15 15.16 557.03
Putnam 3.35 15.50 569.53 3.25 15.26 560.71
Guelph 3.33 15.48 568.79 3.23 15.24 559.97
Burford 3.36 15.51 569.89 3.24 15.25 560.34
Port Perry 3.20 15.35 564.02 3.08 15.09 554.46
Norfolk 3.40 15.55 571.36 3.30 15.31 562.55
Palmerston 3.30 15.45 567.69 3.15 15.16 557.03
Varna 3.30 15.45 567.69 3.15 15.16 557.03
Trenton 3.05 15.20 558.50 3.15 15.16 557.03
Winchester 3.13 15.28 561.44 3.00 15.01 551.52
North Gower 2.80 14.95 549.32 2.90 14.91 547.85
Vankleek Hil3.25 15.40 565.85 2.91 14.92 548.22
Huron FOB 3.49 3.47 3.50 N/A 15.64 574.67 3.20 15.21 558.87
Kent FOB 3.75 15.90 584.22 3.25 15.26 560.71
Lambton FOB 3.61 15.76 579.08 N/A
Mdsx FOB 3.40 3.47 3.68 3.61 15.55 571.36 3.30 15.31 562.55
PROCESSORS
Windsor 4.25 16.40 602.60 3.89 15.90 584.22
TRANSFER
Hamilton 3.95 16.10 591.57 3.80 15.81 580.92
Prescott N/A 3.61 15.62 573.94
Port Colborn3.50 15.65 575.04 N/A
Toledo El. -0.55 11.60 426.34 -0.75 11.26 413.66
Exchange rate was 1.3671 up 0.0007
Chicago wheat closed moderately higher to higher.
JUL24 HI 6.32 1/2 JUL24 HI 6.32 1/2
LOW 6.03 LOW 6.03
CLOSE 6.22 1/2 Up 18 1/4 CLOSE 6.22 1/2 Up 18 1/4
Minni wheat closed slightly higher.
JUL24 HI 7.24 SEP24 HI 7.29
LOW 7.03 1/4 LOW 7.09
CLOSE 7.14 1/2 Up 5 1/4 CLOSE 7.19 1/2 Up 4 3/4
Direct MarkHarvest 2023 Harvest 2024
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 1.30 N/A
London 1.56 1.82 1.29 N/A 1.90 1.84 1.29 N/A
Hensall 1.40 1.75 1.30 1.25 1.75 1.75 1.30 1.15
Trenton N/A N/A N/A N/A N/A N/A 1.35 N/A
Bruce N/A 1.70 1.30 N/A 1.60 1.70 1.30 0.95
Essex N/A N/A 1.30 N/A N/A N/A 1.30 N/A
Norwich N/A N/A 1.30 N/A 1.85 N/A 1.30 N/A
Belmore N/A 1.00 1.30 1.05 1.30 1.40 1.30 N/A
Kent Bridge N/A N/A 1.30 N/A 1.85 N/A 1.30 N/A
Chatham N/A N/A 1.30 N/A N/A N/A 1.30 N/A
Brigden N/A N/A 1.30 N/A N/A N/A 1.30 N/A
Palmerston N/A 1.00 1.30 1.05 1.30 1.40 1.30 N/A
Varna 1.40 1.75 1.30 N/A 1.75 1.75 1.30 N/A
Mitchell N/A N/A 1.30 N/A 1.85 1.80 1.30 N/A
Thornton 1.56 1.82 1.29 1.24 1.90 1.84 1.29 N/A
North Gower N/A 1.20 1.50 1.12 N/A 1.21 1.51 0.97
W O Feed 2.18
TERMINAL
Port Colbor N/A N/A 1.97 N/A N/A N/A 1.83 N/A
PROCESSORS
Toledo FM N/A N/A 1.94 N/A N/A N/A 2.08 N/A
Toledo El. N/A 6.03US 8.24CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 605.40
DDG's FOB Aylm 255.00
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