FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, August 11

08/11/2017
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, August 11 Exchange rate was 1.2674 down 0.0040 Chicago soybeans closed slightly higher. NOV17 HI 9.46 1/2 NOV17 HI 9.46 1/2 LOW 9.37 LOW 9.37 CLOSE9.45 Up 4 3/4 CLOSE 9.45 Up 4 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV17 CK Low 1.94 11.39 418.511.65 11.10 407.86 CK High 2.08 11.53 423.651.82 11.27 414.10 CK Average 2.00 -0.4211.45 420.531.73 -0.6111.18 410.92 Essex Cty 2.00 11.45 420.721.70 11.15 409.69 Mdsx Low 2.00 11.45 420.721.75 11.20 411.53 Mdsx High 2.00 11.45 420.721.79 11.24 413.00 Mdsx Average 2.00 -0.4211.45 420.721.77 -0.5911.22 412.26 Hensall 1.99 11.44 420.351.78 11.23 412.45 Bruce 2.00 11.45 420.721.75 11.20 411.53 Putnam 2.00 11.45 420.721.85 11.30 415.20 Burford 2.07 11.52 423.291.86 11.31 415.57 Port Perry 2.00 11.45 420.721.79 11.24 413.00 Norfolk N/A 1.75 11.20 411.53 Palmerston 1.85 11.30 415.201.80 11.25 413.37 Varna 1.98 11.43 419.981.80 11.25 413.37 Trenton 2.00 11.45 420.721.80 11.25 413.37 Winchester 1.80 11.25 413.371.80 11.25 413.37 North Gower 1.83 11.28 414.471.98 11.43 419.98 Huron FOB 2.08 11.53 423.651.90 11.35 417.04 Kent FOB 2.05 11.50 422.551.70 11.15 409.69 Lambton FOB 2.20 11.65 428.061.95 11.40 418.88 Middlesex FOB2.24 2.17 N/A N/A 11.69 429.531.97 11.42 419.61 PROCESSORS Hamilton 2.60 2.40 2.30 2.35 12.05 442.762.30 11.75 431.74 N/A N/A N/A TRANSFER Prescott 2.00 11.45 420.722.31 11.76 432.11 Sarnia 2.27 11.72 430.642.17 11.62 426.96 Toledo El. -0.33 9.12 335.12-0.65 8.80 323.51 Exchange rate was 1.2674 down 0.0040 Chicago wheat closed slightly lower. SEP17 HI 4.44 JUL18 HI 5.17 1/2 LOW 4.34 1/2 LOW 5.09 1/2 CLOSE 4.39 1/4 Down 1 1/4 CLOSE 5.13 1/4 Down 1 Minni wheat closed moderately to sharply lower. SEP17 HI 7.12 3/4 SEP18 HI 6.37 LOW 6.66 LOW 6.20 1/4 CLOSE 6.74 Down 29 1/4 CLOSE 6.23 1/4 Down 6 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.79 0.79 0.73 -0.10 CAD $/bu 5.19 5.19 5.12 6.64 CAD $/tonne 190.59 190.59 188.26 244.03 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 0.73 0.67 0.54 N/A 0.86 0.67 0.61 N/A Hensall 0.70 N/A 0.60 N/A 0.90 N/A 0.60 N/A Trenton N/A N/A 0.90 N/A N/A N/A 0.90 N/A Bruce 0.75 0.60 0.60 0.25 0.90 0.65 0.60 0.35 Essex N/A N/A 0.52 N/A N/A N/A 0.74 N/A Norwich 0.70 N/A 0.60 N/A 0.90 N/A 0.60 N/A Port Hope N/A 0.75 0.75 N/A N/A 0.65 0.70 N/A Kent Bridge 0.70 N/A 0.60 N/A 0.90 N/A 0.60 N/A Chatham N/A N/A 0.60 N/A N/A N/A 0.60 N/A Brigden N/A N/A 0.60 N/A N/A N/A 0.60 N/A Palmerston N/A 0.60 0.55 0.25 N/A 0.65 0.60 0.35 Varna 0.90 0.65 0.60 N/A 0.85 0.65 0.60 N/A Mitchell 0.70 0.60 0.60 N/A 0.90 0.65 0.60 N/A Thornton N/A N/A N/A -0.22 N/A N/A N/A N/A North Gower N/A 0.81 0.75 0.00 N/A 1.01 1.01 0.30 W O Feed 1.13 TERMINAL Sarnia N/A N/A 0.87 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 1.30N/A N/A N/A N/A N/A Toledo El. 4.34US 5.50CA 4.93US 6.24CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.86 0.86 0.86 0.26 CAD $/bu 5.99 5.99 5.99 6.50 CAD $/tonne 220.09 220.09 220.09 238.69 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 432.66 DDG's FOB Srn & Aylm 140.00 - 155.00