FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, May 18

05/18/2017
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, May 18 Exchange rate was 1.3609 down 0.0013 Chicago soybeans closed moderately lower to lower. JUL17 HI 9.72 1/2 NOV17 HI 9.65 3/4 LOW 9.42 3/4 LOW 9.42 1/4 CLOSE9.44 3/4 Down 31 CLOSE 9.44 3/4 Down 23 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+JUL1+NOV17 CK Low 2.81 12.26 450.392.50 11.95 439.00 CK High 2.90 12.35 453.692.65 12.10 444.51 CK Average 2.85 -0.4112.30 451.922.55 -0.6411.99 440.65 Essex Cty 2.90 12.35 453.692.55 12.00 440.83 Mdsx Low 2.81 12.26 450.392.50 11.95 439.00 Mdsx High 2.90 12.35 453.692.60 12.05 442.67 Mdsx Average 2.86 -0.4112.30 452.042.55 -0.6312.00 440.83 Hensall 2.90 12.35 453.692.60 12.05 442.67 Bruce 2.90 12.35 453.692.60 12.05 442.67 Putnam 2.90 12.35 453.692.60 12.05 442.67 Burford 2.90 12.35 453.692.59 12.04 442.30 Port Perry 2.81 12.26 450.392.50 11.95 439.00 Norfolk 2.85 12.30 451.862.55 12.00 440.83 Palmerston 2.95 12.40 455.532.55 12.00 440.83 Varna 2.90 12.35 453.692.60 12.05 442.67 Trenton 2.90 12.35 453.692.70 12.15 446.34 Winchester 2.92 12.37 454.432.80 12.25 450.02 North Gower 2.62 12.07 443.402.69 12.14 445.98 Huron FOB 3.05 12.50 459.202.70 12.15 446.34 Kent FOB 2.95 12.40 455.532.50 11.95 439.00 Lambton FOB 3.00 12.45 457.372.75 12.20 448.18 Middlesex FOB2.98 2.98 N/A N/A 12.43 456.632.67 12.12 445.24 PROCESSORS Hamilton 3.30 3.15 3.15 N/A 12.75 468.393.06 12.51 459.57 N/A N/A N/A TRANSFER Prescott 2.98 12.43 456.633.08 12.53 460.31 Sarnia 2.66 12.11 444.872.90 12.35 453.69 Toledo El. -0.31 9.13 335.64-0.57 8.88 326.13 Exchange rate was 1.3609 down 0.0013 Chicago wheat closed slightly lower. JUL17 HI 4.29 1/4 JUL17 HI 4.29 1/4 LOW 4.21 1/4 LOW 4.21 1/4 CLOSE 4.25 3/4 Down 1 1/4 CLOSE 4.25 3/4 Down 1 1/4 Minni wheat closed slightly higher. JUL17 HI 5.45 3/4 SEP17 HI 5.52 1/2 LOW 5.39 1/4 LOW 5.46 1/4 CLOSE 5.44 3/4 Up 3 3/4 CLOSE 5.51 1/2 Up 3 3/4 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.58 0.58 0.58 0.26 CAD $/bu 4.84 4.84 4.84 5.71 CAD $/tonne 177.89 177.89 177.89 209.90 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 0.80 N/A N/A N/A 0.95 N/A London 0.85 0.78 0.78 N/A 1.06 0.78 0.88 N/A Hensall 0.85 N/A 0.75 N/A 1.05 N/A 0.90 N/A Trenton N/A N/A N/A N/A N/A N/A 1.05 N/A Bruce 0.85 0.50 0.75 0.30 1.05 0.85 0.90 0.65 Essex N/A N/A 0.58 N/A N/A N/A 0.73 N/A Norwich 0.85 N/A 0.75 N/A 1.05 N/A 0.90 N/A Port Hope N/A N/A 0.85 N/A N/A 0.90 1.05 N/A Kent Bridge 0.85 N/A 0.75 N/A 1.05 N/A 0.90 N/A Chatham N/A N/A 0.75 N/A N/A N/A 0.90 N/A Brigden N/A N/A 0.75 N/A N/A N/A 0.90 N/A Palmerston N/A 0.50 0.70 0.30 N/A 0.85 0.90 0.65 Varna 0.90 0.85 0.80 N/A 1.25 0.90 0.95 N/A Mitchell 0.85 0.75 0.75 N/A 1.05 0.90 0.90 N/A Thornton N/A N/A N/A 0.27 N/A N/A N/A N/A North Gower N/A 0.49 0.49 0.06 N/A 1.18 1.18 0.45 W O Feed 1.46 TERMINAL Sarnia 1.12 N/A 1.10 N/A 1.36 N/A 1.22 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 1.40N/A N/A N/A 1.47N/A Toledo El. 4.11US 5.59CA 4.11US 5.59CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.13 1.13 1.13 0.56 CAD $/bu 5.39 5.39 5.39 6.08 CAD $/tonne 197.89 197.89 197.89 223.27 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 452.51 DDG's FOB Srn & Aylm 175.00 - 180.00