News & Information

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, October 17 - Oct 17, 2017

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, October 17
Exchange rate was 1.2528 up 0.0010
Chicago soybeans closed slightly lower.

       NOV17   HI 9.90  1/2           NOV18    HI 10.04
              LOW 9.82  1/2                   LOW 9.97  3/4
             CLOSE9.84  3/4  Down 6 1/4     CLOSE 10.00   Down 4 3/4

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt
ELEVATORS         +NOV1+JAN1+JAN18
CK Low       1.80                     11.65 427.971.60      11.60 426.23
CK High      1.90                     11.75 431.651.75      11.75 431.74
CK Average   1.84                -0.5211.68 429.321.68 -0.7011.68 429.17
Essex Cty    1.75                     11.60 426.141.60      11.60 426.23
Mdsx Low     1.82                     11.67 428.711.68      11.68 429.17
Mdsx High    1.90                     11.75 431.651.70      11.70 429.90
Mdsx Average 1.86                -0.5011.71 430.181.69 -0.6911.69 429.53
Hensall      1.90                     11.75 431.651.73      11.73 430.82
Bruce        1.85                     11.70 429.811.70      11.70 429.90
Putnam       1.65                     11.50 422.461.45      11.45 420.72
Burford      1.89                     11.74 431.281.75      11.75 431.74
Port Perry   1.79                     11.64 427.601.65      11.65 428.06
Norfolk      1.90                     11.75 431.651.80      11.80 433.58
Palmerston   1.80                     11.65 427.971.60      11.60 426.23
Varna        1.90                     11.75 431.651.75      11.75 431.74
Trenton      1.85                     11.70 429.811.70      11.70 429.90
Winchester   1.90                     11.75 431.651.80      11.80 433.58
North Gower  1.87                     11.72 430.541.70      11.70 429.90
Huron FOB    2.00                     11.85 435.321.85      11.85 435.41
Kent FOB     1.80                     11.65 427.971.75      11.75 431.74
Lambton FOB  1.95                     11.80 433.481.80      11.80 433.58
Middlesex FOB1.90 1.96 2.05 2.10      11.75 431.651.78      11.78 432.84


TRANSFER
Prescott      N/A                                  N/A
Sarnia        N/A                                  N/A

Toledo El.   -0.55                     9.30 341.58-0.38      9.62 353.60


Exchange rate was 1.2528 up 0.0010
Chicago wheat closed slightly lower.
DEC17      HI     4.40  3/4             JUL18   HI         4.86
           LOW    4.33  1/2                     LOW     4.79  3/4
           CLOSE  4.34  3/4  Down 1 3/4         CLOSE   4.81   Down  1/2

Minni wheat closed slightly higher.
DEC17      HI     6.14  3/4             SEP18   HI         6.36
           LOW    6.08  3/4                     LOW        6.33
           CLOSE  6.11   Up 1 1/2               CLOSE   6.33  1/4  Up 4

GFO Cash Wheat Prices - DEL Terminal
Harvest 17        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 0.72          0.97            0.85          0.42
CAD $/bu              5.07          5.32            5.20          6.53
CAD $/tonne         186.32        195.53          190.92        239.83


Direct MarkHarvest 2017                 Harvest 2018
           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    0.60    N/A    N/A     N/A    0.60    N/A
London      0.54    0.67   0.67    N/A    0.90    0.83   0.58    N/A
Hensall     0.60    N/A    0.60    N/A    0.85    N/A    0.60    N/A
Trenton      N/A    N/A    0.65    N/A    N/A     N/A    0.80    N/A
Bruce       0.60    0.60   0.60   0.25    0.85    0.65   0.60   0.35
Essex        N/A    N/A     N/A    N/A    N/A     N/A    0.65    N/A
Norwich     0.60    N/A    0.60    N/A    0.85    N/A    0.60    N/A
Port Hope    N/A    0.70   0.70    N/A    N/A     0.65   0.70    N/A
Kent Bridge 0.60    N/A    0.60    N/A    0.85    N/A    0.60    N/A
Chatham      N/A    N/A    0.65    N/A    N/A     N/A    0.60    N/A
Brigden      N/A    N/A    0.65    N/A    N/A     N/A    0.60    N/A
Palmerston   N/A    0.60   0.60   0.25    N/A     0.65   0.60   0.35
Varna       0.95    0.65   0.65    N/A    0.85    0.65   0.65    N/A
Mitchell    0.60    0.60   0.60    N/A    0.85    0.65   0.60    N/A
Thornton     N/A    N/A     N/A   0.28    N/A     N/A     N/A    N/A
North Gower  N/A    0.70   0.70   0.30    N/A     0.86   0.81   0.10
W O Feed                   1.35

TERMINAL
Sarnia       N/A    N/A     N/A    N/A    N/A     N/A     N/A    N/A
Prescott     N/A    N/A     N/A    N/A    N/A     N/A     N/A    N/A

PROCESSORS
Toledo FM  N/A    N/A        1.29N/A    N/A     N/A        1.23N/A

Toledo El. 4.27US         5.35CA        4.61US          5.79CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 18        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 0.85          0.85            0.79          0.24
CAD $/bu              5.66          5.66            5.60          6.57
CAD $/tonne         208.03        208.03          205.72        241.35

(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange

FEED GRAINS
FOB Hm Soymeal            466.95
DDG's FOB Srn & Aylm      145.00