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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, August 14

8/14/2020 - 14:50:00

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, August 14
Exchange rate was 1.3247 up 0.0017
Chicago soybeans closed slightly lower.

      NOV20   HI 8.99  1/2               NOV20     HI 8.99  1/2
             LOW 8.94                             LOW 8.94
            CLOSE8.98  3/4  Down  3/4           CLOSE 8.98  3/4  Down  3/4

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +NOV20+NOV20+NOV20
CK Low      2.45                         11.44 420.26  2.40        11.39 418.42
CK High     2.50                         11.49 422.09  2.46        11.45 420.62
CK Average  2.49                   -0.32 11.48 421.73  2.44 -0.36  11.43 420.01
Essex Cty   2.50                         11.49 422.09  2.40        11.39 418.42
Mdsx Low    2.47                         11.46 420.99  2.44        11.43 419.89
Mdsx High   2.50                         11.49 422.09  2.45        11.44 420.26
Mdsx Average2.49                   -0.33 11.47 421.54  2.45 -0.36  11.43 420.07
Hensall     2.48                         11.47 421.48  2.43        11.42 419.64
Bruce       2.45                         11.44 420.26  2.40        11.39 418.42
Putnam      2.50                         11.49 422.09  2.45        11.44 420.26
Burford     2.54                         11.53 423.56  2.51        11.50 422.46
Port Perry  2.49                         11.48 421.73  2.46        11.45 420.62
Norfolk     2.50                         11.49 422.09  2.45        11.44 420.26
Palmerston  2.50                         11.49 422.09  2.46        11.45 420.62
Varna       2.45                         11.44 420.26  2.40        11.39 418.42
Trenton      N/A                                       2.40        11.39 418.42
Winchester   N/A                                       2.45        11.44 420.26
North Gower 2.58                         11.57 425.03  2.55        11.54 423.93
Vankleek Hil N/A                                       2.80        11.79 433.12
Huron FOB   2.60                         11.59 425.77  2.47        11.46 420.99
Kent FOB    2.60                         11.59 425.77  2.45        11.44 420.26
Lambton FOB 2.73                         11.72 430.54  2.60        11.59 425.77
Mdsx FOB    2.70  2.57  N/A   N/A        11.69 429.44  2.57        11.56 424.67

PROCESSORS
Windsor     2.92                         11.91 437.53  2.65        11.64 427.60

TRANSFER
Hamilton    3.05                         12.04 442.30  2.95        11.94 438.63
Prescott     N/A                                       3.00        11.99 440.47
Port Colborn2.91                         11.90 437.16  2.80        11.79 433.12

Toledo El.  0.00                          8.99 330.23 -0.33        8.66  318.06


Exchange rate was 1.3247 up 0.0017
Chicago wheat closed slightly higher.
SEP20      HI     5.07  3/4             JUL21   HI      5.30  3/4
           LOW    4.93  1/2                     LOW        5.20
           CLOSE  5.00   Up 3 1/4               CLOSE   5.24  3/4  Up 1 1/2

Minni wheat closed slightly higher.
SEP20      HI         5.05              SEP21   HI         5.55
           LOW    4.96  1/4                     LOW     5.50  3/4
           CLOSE  4.97  1/2  Up  1/2            CLOSE   5.51  1/2  Up 1

GFO Cash Wheat Prices - DEL Terminal
Harvest 20        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.49          1.69            1.36          1.28
CAD $/bu              6.49          6.69            6.36          6.26
CAD $/tonne         238.50        245.80          233.63        229.98


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    0.95    N/A    N/A     N/A    1.00    N/A
London      1.10    1.34   0.97    N/A    1.38    1.44   0.98    N/A
Hensall     1.25    N/A    0.95    N/A    1.30    N/A    1.00    N/A
Trenton      N/A    N/A    1.05    N/A    N/A     N/A    1.05    N/A
Bruce       1.00    1.40   0.95   0.95    1.05    1.45   0.95    N/A
Essex        N/A    N/A    0.95    N/A    N/A     N/A    1.00    N/A
Norwich     1.25    N/A    0.95    N/A    1.30    N/A    1.00    N/A
Port Hope    N/A    N/A    1.00    N/A    N/A     N/A    1.00    N/A
Kent Bridge 1.25    N/A    0.95    N/A    1.30    N/A    1.00    N/A
Chatham      N/A    N/A    0.95    N/A    N/A     N/A    1.00    N/A
Brigden      N/A    N/A    0.95    N/A    N/A     N/A    1.00    N/A
Palmerston   N/A    1.36   1.03   0.95    N/A     1.52   1.06   0.65
Varna       1.20    1.35   0.95    N/A    1.25    1.40   1.00    N/A
Mitchell    1.25    1.35   0.95    N/A    1.30    1.40   1.00    N/A
Thornton     N/A    N/A     N/A   1.00    N/A     N/A     N/A    N/A
North Gower  N/A    1.65   1.40   1.22    N/A     1.72   1.37   0.95
W O Feed                   1.52

TERMINAL
Port Colbor  N/A    N/A    1.36    N/A    N/A     N/A    1.38    N/A

PROCESSORS
Toledo FM    N/A    N/A    1.62    N/A    N/A     N/A     N/A    N/A

Toledo El. 5.00US         6.62CA        5.20US          6.89CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 21        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.57          1.70            1.37          1.00
CAD $/bu              6.82          6.95            6.62          6.51
CAD $/tonne         250.58        255.45          243.28        239.26

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

FEED GRAINS
FOB Hm Soymeal            453.94
DDG's FOB Srn & Aylm      185.00 - 205.00