Grain News

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, October 19


FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, October 19
Exchange rate was 1.317 down 0.0012
Chicago soybeans closed slightly higher.

NOV20 HI 10.58 1/4 NOV21 HI 9.75 1/4
LOW 10.47 3/4 LOW 9.68 3/4
CLOSE10.54 1/4 Up 4 1/4 CLOSE 9.73 Up 2 3/4

OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +NOV20+JAN21+JAN21
CK Low 2.75 13.29 488.42 2.40 12.13 445.70
CK High 2.80 13.34 490.25 2.45 12.18 447.54
CK Average 2.79 -0.42 13.33 489.89 2.44 -0.48 12.17 447.23
Essex Cty 2.70 13.24 486.58 2.45 12.18 447.54
Mdsx Low 2.80 13.34 490.25 2.41 12.14 446.07
Mdsx High 2.80 13.34 490.25 2.45 12.18 447.54
Mdsx Average2.80 -0.41 13.34 490.25 2.43 -0.48 12.16 446.80
Hensall 2.88 13.43 493.31 2.48 12.21 448.76
Bruce 2.85 13.39 492.09 2.50 12.23 449.38
Putnam 2.80 13.34 490.25 2.45 12.18 447.54
Burford 2.87 13.41 492.83 2.48 12.21 448.64
Port Perry 2.79 13.33 489.89 2.40 12.13 445.70
Norfolk 2.80 13.34 490.25 2.45 12.18 447.54
Palmerston 2.85 13.39 492.09 2.50 12.23 449.38
Varna 2.90 13.44 493.93 2.50 12.23 449.38
Trenton 2.75 13.29 488.42 2.45 12.18 447.54
Winchester 3.00 13.54 497.60 2.63 12.36 454.15
North Gower 2.88 13.42 493.19 2.54 12.27 450.85
Vankleek Hil2.81 13.35 490.62 2.41 12.14 446.07
Huron FOB 3.03 3.16 3.16 2.90 13.57 498.70 N/A
Kent FOB 2.80 13.34 490.25 2.45 12.18 447.54
Lambton FOB 2.90 13.44 493.93 2.50 12.23 449.38
Mdsx FOB 2.94 3.13 3.06 2.93 13.48 495.40 2.53 12.26 450.48

PROCESSORS
Windsor 3.00 13.54 497.60 2.58 12.31 452.32

TRANSFER
Hamilton 3.25 13.79 506.79 2.85 12.58 462.24
Prescott 3.07 13.61 500.17 2.79 12.52 460.03
Port Colborn3.40 13.94 512.30 N/A

Toledo El. -0.16 10.38 381.56 -0.46 9.27 340.60


Exchange rate was 1.317 down 0.0012
Chicago wheat closed slightly higher.
DEC20 HI 6.36 3/4 JUL21 HI 6.13 3/4
LOW 6.20 1/4 LOW 6.03
CLOSE 6.27 Up 1 3/4 CLOSE 6.10 3/4 Up 1 3/4

Minni wheat closed slightly to moderately higher.
DEC20 HI 5.69 3/4 SEP21 HI 5.89
LOW 5.59 1/2 LOW 5.82 1/2
CLOSE 5.69 1/4 Up 9 1/2 CLOSE 5.88 Up 2 3/4

GFO Cash Wheat Prices - DEL Terminal
Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.53 1.72 1.53 1.34
CAD $/bu 7.80 7.99 7.80 7.04
CAD $/tonne 286.48 293.74 286.48 258.53


Direct MarkHarvest 2020 Harvest 2021
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 1.10 N/A N/A N/A 1.15 N/A
London 1.35 1.41 1.15 N/A 1.60 1.60 1.18 N/A
Hensall 1.35 N/A 1.10 N/A 1.40 N/A 1.15 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.20 N/A
Bruce 1.10 1.25 1.10 1.25 1.25 1.35 1.15 1.05
Essex N/A N/A 1.10 N/A N/A N/A 1.15 N/A
Norwich 1.35 N/A 1.10 N/A 1.40 N/A 1.15 N/A
Port Hope N/A N/A 1.10 N/A N/A N/A 1.15 N/A
Kent Bridge 1.35 N/A 1.10 N/A 1.40 N/A 1.15 N/A
Chatham N/A N/A 1.10 N/A N/A N/A 1.15 N/A
Brigden N/A N/A 1.10 N/A N/A N/A 1.20 N/A
Palmerston N/A 1.66 1.26 1.21 N/A 1.57 1.24 0.94
Varna 1.15 1.30 1.10 N/A 1.35 1.40 1.15 N/A
Mitchell 1.35 1.40 1.10 N/A 1.40 1.45 1.15 N/A
Thornton N/A N/A N/A 1.80 N/A N/A N/A N/A
North Gower N/A 1.35 1.20 0.95 N/A 1.67 1.41 0.90
W O Feed 1.76

TERMINAL
Port Colbor N/A N/A 1.75 N/A N/A N/A 1.58 N/A

PROCESSORS
Toledo FM N/A N/A 1.99 N/A N/A N/A 2.06 N/A

Toledo El. 6.07US 7.99CA 6.06US 7.97CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 21 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.65 1.78 1.48 1.06
CAD $/bu 7.76 7.89 7.59 6.94
CAD $/tonne 285.01 289.85 278.73 255.17

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

FEED GRAINS
FOB Hm Soymeal 576.74
DDG's FOB Srn & Aylm 250.00 - 275.00