FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, August 10

08/10/2017
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, August 10 Exchange rate was 1.2714 up 0.0020 Chicago soybeans closed lower. NOV17 HI 9.88 1/2 NOV17 HI 9.88 1/2 LOW 9.38 1/2 LOW 9.38 1/2 CLOSE9.40 1/4 Down 33 CLOSE 9.40 1/4 Down 33 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV17 CK Low 1.95 11.35 417.131.74 11.14 409.42 CK High 2.05 11.45 420.811.90 11.30 415.30 CK Average 2.01 -0.4311.41 419.281.80 -0.5811.20 411.56 Essex Cty 2.00 11.40 418.971.70 11.10 407.95 Mdsx Low 2.00 11.40 418.971.80 11.20 411.62 Mdsx High 2.01 11.41 419.341.85 11.25 413.46 Mdsx Average 2.01 -0.4311.41 419.151.83 -0.5611.23 412.54 Hensall 2.00 11.40 418.791.85 11.25 413.46 Bruce 2.00 11.40 418.971.85 11.25 413.46 Putnam 2.00 11.40 418.971.85 11.25 413.46 Burford 2.08 11.48 421.911.87 11.27 414.19 Port Perry 2.01 11.41 419.341.80 11.20 411.62 Norfolk N/A 1.85 11.25 413.46 Palmerston 1.85 11.25 413.461.80 11.20 411.62 Varna 1.99 11.39 418.601.85 11.25 413.46 Trenton 2.00 11.40 418.971.80 11.20 411.62 Winchester 1.95 11.35 417.131.91 11.31 415.66 North Gower 1.84 11.24 413.091.94 11.34 416.77 Huron FOB 2.09 11.49 422.281.95 11.35 417.13 Kent FOB 2.15 11.55 424.481.80 11.20 411.62 Lambton FOB 2.20 11.60 426.321.95 11.35 417.13 Middlesex FOB2.25 2.18 N/A N/A 11.65 428.161.98 11.38 418.24 PROCESSORS Hamilton 2.70 2.52 2.40 2.45 12.10 444.692.40 11.80 433.67 N/A N/A N/A TRANSFER Prescott 2.00 11.40 418.972.31 11.71 430.36 Sarnia 2.27 11.67 428.892.17 11.57 425.22 Toledo El. -0.33 9.07 333.34-0.65 8.76 321.69 Exchange rate was 1.2714 up 0.0020 Chicago wheat closed lower. SEP17 HI 4.62 JUL18 HI 5.33 1/4 LOW 4.39 1/4 LOW 5.13 1/2 CLOSE 4.40 1/2 Down 19 CLOSE 5.14 1/4 Down 16 1/2 Minni wheat closed lower to limit down. SEP17 HI 7.41 3/4 SEP18 HI 6.50 3/4 LOW 7.02 1/2 LOW 6.29 3/4 CLOSE 7.03 1/4 Down 30 3/4 CLOSE 6.29 3/4 Down 15 1/4 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.81 0.81 0.75 0.00 CAD $/bu 5.22 5.22 5.16 7.03 CAD $/tonne 191.77 191.77 189.43 258.45 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 0.75 0.69 0.56 N/A 0.88 0.69 0.62 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 0.65 0.60 0.25 0.85 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 -0.48 N/A N/A N/A N/A North Gower N/A 0.86 0.79 0.07 N/A 1.05 1.05 0.34 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 1.32N/A N/A N/A N/A N/A Toledo El. 4.36US 5.54CA 4.94US 6.27CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.88 0.88 0.88 0.30 CAD $/bu 6.02 6.02 6.02 6.60 CAD $/tonne 221.22 221.22 221.22 242.45 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 435.20 DDG's FOB Srn & Aylm 155.00 - 160.00