FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, February 16

02/16/2017
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, February 16 Bank of Canada Noon exchange rate was 1.3058 down 0.0026 Chicago soybeans closed slightly to moderately lower. MAR17 HI 10.62 3/4 NOV17 HI 10.34 1/2 LOW 10.42 1/4 LOW 10.20 1/2 CLOSE10.43 3/4 Down 17 1/2 CLOSE 10.24 Down 10 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAR1+MAY1+MAY17 CK Low 2.45 12.89 473.532.32 12.56 461.50 CK High 2.55 12.99 477.212.45 12.69 466.28 CK Average 2.53 -0.5112.96 476.352.36 -0.5912.60 463.03 Essex Cty 2.45 12.89 473.532.35 12.59 462.60 Mdsx Low 2.54 12.98 476.842.33 12.57 461.87 Mdsx High 2.60 13.04 479.052.40 12.64 464.44 Mdsx Average 2.57 -0.4813.01 477.942.37 -0.5812.61 463.15 Hensall 2.58 13.01 478.132.40 12.64 464.44 Bruce 2.60 13.04 479.052.40 12.64 464.44 Putnam 2.50 12.94 475.372.35 12.59 462.60 Burford 2.63 13.07 480.152.42 12.66 465.18 Port Perry 2.54 12.98 476.842.33 12.57 461.87 Norfolk 2.57 13.01 477.942.47 12.71 467.01 Palmerston 2.50 12.94 475.372.40 12.64 464.44 Varna 2.55 12.99 477.212.40 12.64 464.44 Trenton 2.55 12.99 477.212.35 12.59 462.60 Winchester 2.57 13.01 477.942.60 12.84 471.79 North Gower 2.48 12.92 474.642.50 12.74 468.11 Huron FOB 2.65 13.09 480.882.50 12.74 468.11 Kent FOB 2.62 13.06 479.782.32 12.56 461.50 Lambton FOB 2.70 13.14 482.722.60 12.84 471.79 Middlesex FOB2.64 2.71 2.66 N/A 13.08 480.522.49 12.73 467.75 PROCESSORS Hamilton 3.07 3.10 3.06 N/A 13.51 496.322.85 13.09 480.98 N/A N/A N/A TRANSFER Prescott 2.71 13.15 483.092.80 13.04 479.14 Sarnia 2.43 12.87 472.802.68 12.92 474.73 Toledo El. -0.54 9.90 363.83-0.51 9.73 357.55 Bank of Canada Noon exchange rate was 1.3058 down 0.0026 Chicago wheat closed moderately lower. MAR17 HI 4.64 1/4 JUL17 HI 4.88 3/4 LOW 4.45 1/4 LOW 4.71 1/4 CLOSE 4.47 3/4 Down 7 CLOSE 4.73 3/4 Down 6 1/4 Minni wheat closed moderately lower to lower. MAR17 HI 5.67 1/2 SEP17 HI 5.78 LOW 5.48 1/2 LOW 5.64 3/4 CLOSE 5.50 1/4 Down 17 3/4 CLOSE 5.66 Down 11 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.85 0.85 0.85 0.38 CAD $/bu 5.33 5.33 5.33 5.88 CAD $/tonne 195.72 195.72 195.72 216.12 Direct MarkHarvest 2016 Harvest 2017 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 0.70 N/A N/A N/A 0.60 N/A London 0.73 0.73 0.73 N/A 0.74 0.67 0.67 N/A Hensall 0.70 N/A 0.70 N/A 0.65 N/A 0.60 N/A Trenton N/A N/A N/A N/A N/A N/A 0.85 N/A Bruce 0.70 0.70 0.70 0.40 0.65 0.65 0.60 0.60 Essex N/A N/A 0.51 N/A N/A N/A 0.50 N/A Norwich 0.70 N/A 0.70 N/A 0.65 N/A 0.60 N/A Port Hope N/A N/A 0.70 N/A N/A 0.60 0.60 N/A Kent Bridge 0.70 N/A 0.70 N/A 0.65 N/A 0.60 N/A Chatham N/A N/A 0.70 N/A N/A N/A 0.60 N/A Brigden N/A N/A 0.70 N/A N/A N/A 0.60 N/A Palmerston N/A 0.70 0.70 0.40 N/A 0.65 0.60 0.60 Varna 0.75 0.70 0.70 N/A 0.95 0.65 0.65 N/A Mitchell 0.70 0.70 0.70 N/A 0.65 0.60 0.60 N/A Thornton N/A N/A N/A 0.42 N/A N/A N/A N/A North Gower N/A 0.78 0.78 0.24 N/A 1.13 1.13 0.63 W O Feed 1.45 TERMINAL Sarnia 1.14 0.79 0.94 N/A 1.11 0.76 0.88 N/A Prescott N/A N/A 0.80 N/A N/A N/A 1.00 N/A PROCESSORS Toledo FM N/A N/A 1.50N/A N/A N/A 1.45N/A Toledo El. 4.38US 5.72CA 4.54US 5.92CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.06 1.06 1.06 0.68 CAD $/bu 5.79 5.79 5.79 6.34 CAD $/tonne 212.85 212.85 212.85 233.11 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 511.48 DDG's FOB Srn & Aylm 145.00 - 155.00