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

7/18/2019 - 15:04:00

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, July 18
Exchange rate was 1.3035 up 0.0001
Chicago soybeans closed narrowly mixed.

       AUG19   HI 8.85  3/4           NOV19    HI 9.03  1/2
              LOW 8.75  1/2                   LOW 8.93
             CLOSE8.81  1/4  Down 1 1/4     CLOSE 8.99   Down 1 1/2

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt
ELEVATORS         +AUG1+NOV1+NOV19
CK Low       2.10                     10.91 400.971.90      10.89 400.14
CK High      2.15                     10.96 402.802.00      10.99 403.81
CK Average   2.14                -0.4110.95 402.251.94 -0.6010.93 401.43
Essex Cty    2.25                     11.06 406.481.90      10.89 400.14
Mdsx Low     2.06                     10.87 399.501.86      10.85 398.67
Mdsx High    2.15                     10.96 402.801.90      10.89 400.14
Mdsx Average 2.11                -0.4410.92 401.151.88 -0.6410.87 399.40
Hensall      2.15                     10.96 402.801.90      10.89 400.14
Bruce        2.10                     10.91 400.971.85      10.84 398.30
Putnam       2.15                     10.96 402.801.90      10.89 400.14
Burford      2.11                     10.92 401.331.91      10.90 400.51
Port Perry   2.08                     10.89 400.231.88      10.87 399.40
Norfolk      2.15                     10.96 402.801.90      10.89 400.14
Palmerston   2.20                     11.01 404.641.95      10.94 401.98
Varna        2.15                     10.96 402.801.90      10.89 400.14
Trenton      2.10                     10.91 400.971.90      10.89 400.14
Winchester    N/A                                 1.83      10.82 397.57
North Gower  2.05                     10.86 399.132.00      10.99 403.81
Huron FOB    2.25                     11.06 406.482.00      10.99 403.81
Kent FOB     2.35                     11.16 410.151.90      10.89 400.14
Lambton FOB  2.25                     11.06 406.482.00      10.99 403.81
Middlesex FOB2.27 2.34 2.23  N/A      11.08 407.211.99      10.98 403.45

PROCESSORS
Windsor      2.71                     11.52 423.382.31      11.30 415.20

TRANSFER
Hamilton     2.65                     11.46 421.172.35      11.34 416.67
Prescott      N/A                                 2.45      11.44 420.35
Port Colborne N/A                                 2.30      11.29 414.84

Toledo El.   -0.07                     8.75 321.41-0.52      8.47 311.19


Exchange rate was 1.3035 up 0.0001
Chicago wheat closed moderately lower to lower.
SEP19      HI     5.05  1/4             JUL10   HI      5.33  1/2
           LOW        4.93                      LOW     5.23  1/2
           CLOSE  4.93  1/2  Down 12            CLOSE   5.24  1/4  Down 11

Minni wheat closed slightly lower.
SEP19      HI     5.29  1/4             SEP10   HI      5.75  1/2
           LOW    5.25  1/4                     LOW     5.75  1/4
           CLOSE  5.25  1/2  Down 2 1/4         CLOSE   5.75  1/2  Down 2 1/2

GFO Cash Wheat Prices - DEL Terminal
Harvest 19        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.95          2.21            1.89          1.20
CAD $/bu              6.89          7.15            6.82          6.46
CAD $/tonne         253.13        262.71          250.74        237.33


Direct MarkHarvest 2019                 Harvest 2020
           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    1.60    N/A    N/A     N/A    1.15    N/A
London      1.64    1.90   1.51    N/A    1.28    1.41   1.08    N/A
Hensall     1.70    N/A    1.60    N/A    1.35    N/A    1.15    N/A
Trenton      N/A    N/A    1.60    N/A    N/A     N/A    1.15    N/A
Bruce       1.65    1.95   1.60   1.20    1.35    1.50   1.15    N/A
Essex        N/A    N/A    1.50    N/A    N/A     N/A    1.10    N/A
Norwich     1.70    N/A    1.60    N/A    1.35    N/A    1.15    N/A
Port Hope    N/A    1.90   1.65    N/A    N/A     1.50   1.15    N/A
Kent Bridge 1.70    N/A    1.60    N/A    1.35    N/A    1.15    N/A
Chatham      N/A    N/A    1.55    N/A    N/A     N/A    1.10    N/A
Brigden      N/A    N/A    1.55    N/A    N/A     N/A    1.10    N/A
Palmerston   N/A    1.95   1.55   1.20    N/A     1.57   1.17   0.90
Varna       1.65    1.95   1.55    N/A    1.35    1.50   1.10    N/A
Mitchell    1.70    1.90   1.60    N/A    1.35    1.50   1.15    N/A
Thornton     N/A    N/A     N/A   1.53    N/A     N/A     N/A    N/A
North Gower  N/A    1.80   1.70   1.05    N/A     1.47   1.37    N/A
W O Feed                   2.20

TERMINAL
Port Colbor 1.98    2.24   1.85    N/A    N/A     N/A     N/A    N/A

PROCESSORS
Toledo FM    N/A    N/A    1.76    N/A    N/A     N/A     N/A    N/A

Toledo El. 5.19US         6.76CA        5.19US          6.76CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 20        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.52          1.78            1.45          0.96
CAD $/bu              6.76          7.02            6.70          6.71
CAD $/tonne         248.41        257.98          246.02        246.62

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

FEED GRAINS
FOB Hm Soymeal            487.23
DDG's FOB Srn & Aylm      190.00