FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, July 3
U.S. markets were closed for Independence Day
Exchange rate and futures values are from July 2.
Exchange rate was 1.3586 up 0.0000
Chicago soybeans closed slightly lower.
AUG20 HI 8.95 3/4 NOV20 HI 9.03
LOW 8.89 LOW 8.95 1/2
CLOSE8.91 1/4 Down 1/4 CLOSE 8.96 3/4 Down 2 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +AUG20+NOV20+NOV20
CK Low 2.85 11.76 432.20 2.55 11.52 423.20
CK High 2.85 11.76 432.20 2.65 11.62 426.87
CK Average 2.85 -0.25 11.76 432.20 2.58 -0.48 11.54 424.11
Essex Cty 2.85 11.76 432.20 2.55 11.52 423.20
Mdsx Low 2.83 11.74 431.46 2.53 11.50 422.46
Mdsx High 2.85 11.76 432.20 2.60 11.57 425.03
Mdsx Average2.84 -0.26 11.75 431.83 2.57 -0.49 11.53 423.75
Hensall 2.85 11.76 432.20 2.60 11.57 425.03
Bruce 2.85 11.76 432.20 2.55 11.52 423.20
Putnam 2.85 11.76 432.20 2.60 11.57 425.03
Burford 2.90 11.81 434.04 2.60 11.57 425.03
Port Perry 2.85 11.76 432.20 2.55 11.52 423.20
Norfolk 2.85 11.76 432.20 2.60 11.57 425.03
Palmerston 2.83 11.74 431.46 2.59 11.56 424.67
Varna 2.85 11.76 432.20 2.60 11.57 425.03
Trenton 2.85 11.76 432.20 2.60 11.57 425.03
Winchester 2.85 11.76 432.20 2.60 11.57 425.03
North Gower 2.80 11.71 430.36 2.65 11.62 426.87
Vankleek Hil N/A 2.77 11.74 431.28
Huron FOB 3.19 12.10 444.69 2.74 11.71 430.18
Kent FOB 2.95 11.86 435.87 2.55 11.52 423.20
Lambton FOB 3.00 11.91 437.71 2.70 11.67 428.71
Mdsx FOB 2.96 3.03 N/A N/A 11.87 436.24 2.82 11.79 433.12
PROCESSORS
Windsor 3.31 12.22 449.10 2.92 11.89 436.79
TRANSFER
Hamilton 3.35 12.26 450.57 3.05 12.02 441.57
Prescott N/A 3.09 12.06 443.04
Port Colborn3.20 12.11 445.06 3.22 12.19 447.81
Toledo El. 0.00 8.91 327.48 -0.34 8.63 317.00
Exchange rate was 1.3586 up 0.0000
Chicago wheat closed slightly to moderately lower.
SEP20 HI 4.99 1/4 JUL21 HI 5.18
LOW 4.88 1/2 LOW 5.10 3/4
CLOSE 4.92 Down 6 3/4 CLOSE 5.13 3/4 Down 4 1/2
Minni wheat closed slightly to moderately lower.
SEP20 HI 5.18 SEP21 HI 5.64
LOW 5.10 LOW 5.63 3/4
CLOSE 5.10 1/4 Down 7 1/4 CLOSE 5.64 Down 3 1/2
GFO Cash Wheat Prices - DEL Terminal
Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.42 1.76 1.42 1.22
CAD $/bu 6.34 6.68 6.34 6.32
CAD $/tonne 233.13 245.61 233.13 232.25
Direct MarkHarvest 2020 Harvest 2021
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 1.10 N/A N/A N/A 1.10 N/A
London 1.37 1.57 1.16 N/A 1.51 1.58 1.10 N/A
Hensall 1.25 N/A 1.10 N/A 1.25 N/A 1.10 N/A
Trenton N/A N/A 1.20 N/A N/A N/A 1.25 N/A
Bruce 1.20 1.50 1.10 1.20 1.20 1.50 1.10 N/A
Essex N/A N/A 1.10 N/A N/A N/A 1.05 N/A
Norwich 1.25 N/A 1.10 N/A 1.25 N/A 1.10 N/A
Port Hope N/A N/A 1.20 N/A N/A N/A 1.20 N/A
Kent Bridge 1.25 N/A 1.10 N/A 1.25 N/A 1.10 N/A
Chatham N/A N/A 1.10 N/A N/A N/A 1.10 N/A
Brigden N/A N/A 1.10 N/A N/A N/A 1.10 N/A
Palmerston N/A 1.55 1.13 1.14 N/A 1.62 1.21 0.87
Varna 1.25 1.50 1.10 N/A 1.25 1.50 1.10 N/A
Mitchell 1.25 1.45 1.10 N/A 1.25 1.45 1.10 N/A
Thornton N/A N/A N/A 0.98 N/A N/A N/A N/A
North Gower N/A 1.60 1.35 1.10 N/A 1.68 1.38 1.00
W O Feed 1.92
TERMINAL
Port Colbor N/A N/A 1.50 N/A N/A N/A 1.50 N/A
PROCESSORS
Toledo FM N/A N/A 2.04 N/A N/A N/A N/A N/A
Toledo El. 5.02US 6.82CA 5.09US 6.92CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 21 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.58 1.72 1.44 1.22
CAD $/bu 6.72 6.85 6.58 6.86
CAD $/tonne 246.82 251.81 241.82 251.94
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 490.76
DDG's FOB Srn & Aylm 185.00 - 195.00
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