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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, September 13

9/13/2019 - 15:05:00

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, September 13
Exchange rate was 1.3263 up 0.0066
Chicago soybeans closed steady to slightly higher.

       NOV19   HI 9.03  1/2           NOV19    HI 9.03  1/2
              LOW 8.93                        LOW 8.93
             CLOSE8.98  3/4  Up 3 1/4       CLOSE 8.98  3/4  Up 3 1/4

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt
ELEVATORS         +NOV1+NOV1+JAN20
CK Low       2.00                     10.99 403.722.00      10.99 403.72
CK High      2.10                     11.09 407.402.10      11.09 407.40
CK Average   2.05                -0.6711.03 405.372.05 -0.6511.03 405.37
Essex Cty    2.10                     11.09 407.402.10      11.09 407.40
Mdsx Low     2.00                     10.99 403.722.00      10.99 403.72
Mdsx High    2.02                     11.01 404.462.02      11.01 404.46
Mdsx Average 2.01                -0.7011.00 404.092.01 -0.6811.00 404.09
Hensall      2.05                     11.04 405.562.05      11.04 405.56
Bruce        2.05                     11.04 405.562.05      11.04 405.56
Putnam       2.00                     10.99 403.722.00      10.99 403.72
Burford      2.07                     11.06 406.292.07      11.06 406.29
Port Perry   2.04                     11.03 405.192.04      11.03 405.19
Norfolk      2.10                     11.09 407.402.10      11.09 407.40
Palmerston   2.00                     10.99 403.722.00      10.99 403.72
Varna        2.10                     11.09 407.402.10      11.09 407.40
Trenton      2.00                     10.99 403.722.00      10.99 403.72
Winchester    N/A                                 2.10      11.09 407.40
North Gower  2.10                     11.09 407.402.10      11.09 407.40
Huron FOB    2.20                     11.19 411.072.20      11.19 411.07
Kent FOB     2.20                     11.19 411.072.10      11.09 407.40
Lambton FOB  2.05                     11.04 405.562.10      11.09 407.40
Middlesex FOB2.24 2.24  N/A  N/A      11.23 412.542.24      11.23 412.54

PROCESSORS
Windsor      2.68                     11.67 428.712.57      11.56 424.67

TRANSFER
Hamilton     2.55                     11.54 423.932.55      11.54 423.93
Prescott      N/A                                 2.30      11.29 414.74
Port Colborne N/A                                 2.62      11.61 426.50

Toledo El.   -0.42                     8.56 314.64-0.42      8.56 314.67


Exchange rate was 1.3263 up 0.0066
Chicago wheat closed narrowly mixed.
DEC19      HI         4.91              JUL20   HI      5.03  1/4
           LOW    4.80  1/2                     LOW        4.94
           CLOSE  4.83  1/2  Down  1/4          CLOSE   4.97  1/2  Up 1 1/4

Minni wheat closed slightly lower.
DEC19      HI         5.10              SEP20   HI      5.57  1/2
           LOW    5.02  1/4                     LOW        5.52
           CLOSE  5.05  1/2  Down 1 3/4         CLOSE   5.54   Down 1 1/4

GFO Cash Wheat Prices - DEL Terminal
Harvest 19        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 2.04          2.31            1.98          1.25
CAD $/bu              6.88          7.14            6.81          6.31
CAD $/tonne         252.69        262.44          250.25        231.73


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    1.10    N/A
London      1.69    1.96   1.63    N/A    1.28    1.47   1.14    N/A
Hensall     1.70    N/A    1.60    N/A    1.30    N/A    1.10    N/A
Trenton      N/A    N/A    1.65    N/A    N/A     N/A    1.30    N/A
Bruce       1.70    2.00   1.60   1.45    1.35    1.55   1.15   1.00
Essex        N/A    N/A    1.60    N/A    N/A     N/A    1.15    N/A
Norwich     1.70    N/A    1.60    N/A    1.30    N/A    1.10    N/A
Port Hope    N/A    N/A    1.70    N/A    N/A     N/A    1.30    N/A
Kent Bridge 1.70    N/A    1.60    N/A    1.30    N/A    1.10    N/A
Chatham      N/A    N/A    1.60    N/A    N/A     N/A    1.15    N/A
Brigden      N/A    N/A    1.60    N/A    N/A     N/A    1.15    N/A
Palmerston   N/A    N/A    1.65   1.39    N/A     N/A    1.11    N/A
Varna       1.70    2.00   1.60    N/A    1.35    1.55   1.15    N/A
Mitchell    1.70    1.90   1.60    N/A    1.30    1.50   1.10    N/A
Thornton     N/A    N/A     N/A   1.42    N/A     N/A     N/A    N/A
North Gower  N/A    2.10   1.80   1.12    N/A     1.67   1.37   0.85
W O Feed                   2.21

TERMINAL
Port Colbor 2.03    2.29   1.96    N/A    N/A     N/A     N/A    N/A

PROCESSORS
Toledo FM    N/A    N/A    1.91    N/A    N/A     N/A     N/A    N/A

Toledo El. 5.02US         6.65CA        4.98US          6.59CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 20        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.54          1.81            1.48          1.00
CAD $/bu              6.52          6.78            6.45          6.54
CAD $/tonne         239.56        249.29          237.13        240.29

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

FEED GRAINS
FOB Hm Soymeal            482.71
DDG's FOB Srn & Aylm      205.00 - 210.00