FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, May 17
Exchange rate was 1.3433 down 0.0023
Chicago soybeans closed moderately lower.
JUL19 HI 8.41 3/4 NOV19 HI 8.66 1/2
LOW 8.20 1/2 LOW 8.46
CLOSE8.21 3/4 Down 18 CLOSE 8.47 1/4 Down 17 1/2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt
ELEVATORS +JUL1+JUL1+AUG19
CK Low 1.97 10.19 374.332.00 10.47 384.80
CK High 2.05 10.27 377.272.01 10.48 385.17
CK Average 2.04 -0.5810.25 376.782.00 -0.6810.47 384.86
Essex Cty 2.05 10.27 377.272.00 10.47 384.80
Mdsx Low 1.92 10.14 372.491.96 10.43 383.33
Mdsx High 2.05 10.27 377.272.00 10.47 384.80
Mdsx Average 1.99 -0.6210.20 374.881.98 -0.6910.45 384.06
Hensall 2.05 10.27 377.272.00 10.47 384.80
Bruce 2.05 10.27 377.272.00 10.47 384.80
Putnam 2.05 10.27 377.272.00 10.47 384.80
Burford 1.97 10.19 374.332.01 10.48 385.17
Port Perry 1.94 10.16 373.221.98 10.45 384.06
Norfolk 2.05 10.27 377.272.00 10.47 384.80
Palmerston 1.95 10.17 373.591.95 10.42 382.96
Varna 2.00 10.22 375.431.95 10.42 382.96
Trenton 2.00 10.22 375.432.00 10.47 384.80
Winchester N/A 2.00 10.47 384.80
North Gower 1.99 10.21 375.061.99 10.46 384.43
Huron FOB 2.15 10.37 380.942.10 10.57 388.47
Kent FOB 2.25 10.47 384.612.10 10.57 388.47
Lambton FOB 2.25 10.47 384.612.15 10.62 390.31
Middlesex FOB2.17 2.24 2.31 N/A 10.39 381.682.01 10.48 385.17
PROCESSORS
Windsor 2.35 10.57 388.292.24 10.71 393.62
TRANSFER
Hamilton 2.45 10.67 391.962.40 10.87 399.50
Prescott N/A 2.30 10.77 395.82
Port Colborne N/A 2.38 10.85 398.76
Toledo El. -0.60 7.61 279.73-0.74 7.73 284.16
Exchange rate was 1.3433 down 0.0023
Chicago wheat closed slightly lower.
JUL19 HI 4.73 1/4 JUL19 HI 4.73 1/4
LOW 4.62 1/2 LOW 4.62 1/2
CLOSE 4.65 Down 2 CLOSE 4.65 Down 2
Minni wheat closed slightly higher.
JUL19 HI 5.43 3/4 SEP19 HI 5.53
LOW 5.25 3/4 LOW 5.34 3/4
CLOSE 5.27 3/4 Up 1 CLOSE 5.36 3/4 Up 1
GFO Cash Wheat Prices - DEL Terminal
Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.60 1.66 1.46 0.87
CAD $/bu 6.25 6.31 6.11 6.15
CAD $/tonne 229.51 231.98 224.57 225.93
Direct MarkHarvest 2018 Harvest 2019
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 1.44 1.85 1.37 N/A 1.49 1.83 1.42 N/A
Hensall 1.60 N/A 1.30 N/A 1.60 N/A 1.30 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.30 N/A
Bruce 1.60 1.75 1.25 N/A 1.60 1.70 1.30 1.00
Essex N/A N/A 1.25 N/A N/A N/A 1.30 N/A
Norwich 1.60 N/A 1.30 N/A 1.60 N/A 1.30 N/A
Port Hope N/A N/A N/A N/A N/A 1.60 1.30 N/A
Kent Bridge 1.60 N/A 1.30 N/A 1.60 N/A 1.30 N/A
Chatham N/A N/A 1.25 N/A N/A N/A 1.30 N/A
Brigden N/A N/A 1.25 N/A N/A N/A 1.30 N/A
Palmerston N/A 1.85 1.45 1.10 N/A 1.81 1.41 1.00
Varna 1.50 1.75 1.30 N/A 1.50 1.70 1.30 N/A
Mitchell 1.60 1.60 1.30 N/A 1.60 1.60 1.30 N/A
Thornton N/A N/A N/A 1.36 N/A N/A N/A N/A
North Gower N/A 1.42 1.20 0.70 N/A 1.81 1.36 0.85
W O Feed 1.90
TERMINAL
Port Colbor N/A N/A N/A N/A 1.84 2.18 1.71 N/A
PROCESSORS
Toledo FM N/A N/A 1.60 N/A N/A N/A 1.60 N/A
Toledo El. 4.53US 6.09CA 4.53US 6.09CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.66 2.00 1.53 1.10
CAD $/bu 6.31 6.65 6.18 6.47
CAD $/tonne 231.98 244.32 227.04 237.78
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 458.90
DDG's FOB Srn & Aylm 205.00
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