FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, February 25
Exchange rate was 1.327 down 0.0014
Chicago soybeans closed slightly higher.
MAR20 HI 8.80 3/4 NOV20 HI 9.11
LOW 8.73 1/4 LOW 9.04
CLOSE8.79 Up 4 3/4 CLOSE 9.10 1/2 Up 5 1/2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt
ELEVATORS +MAR2+MAY2+MAY20
CK Low 2.45 11.24 413.002.25 11.36 417.22
CK High 2.50 11.29 414.842.25 11.36 417.22
CK Average 2.49 -0.2911.28 414.532.25 -0.5511.36 417.22
Essex Cty 2.50 11.29 414.842.25 11.36 417.22
Mdsx Low 2.46 11.25 413.372.23 11.34 416.49
Mdsx High 2.50 11.29 414.842.25 11.36 417.22
Mdsx Average 2.48 -0.3011.27 414.102.24 -0.5611.35 416.86
Hensall 2.50 11.29 414.842.25 11.36 417.22
Bruce 2.50 11.29 414.842.25 11.36 417.22
Putnam 2.50 11.29 414.842.25 11.36 417.22
Burford 2.53 11.32 415.942.30 11.41 419.06
Port Perry 2.45 11.24 413.002.22 11.33 416.12
Norfolk 2.50 11.29 414.842.25 11.36 417.22
Palmerston 2.47 11.26 413.732.33 11.44 420.16
Varna 2.50 11.29 414.842.25 11.36 417.22
Trenton 2.50 11.29 414.842.25 11.36 417.22
Winchester 2.50 11.29 414.842.30 11.41 419.06
North Gower 2.42 11.21 411.902.33 11.44 420.16
Huron FOB 2.65 11.44 420.352.35 11.46 420.90
Kent FOB 2.65 11.44 420.352.25 11.36 417.22
Lambton FOB 2.70 11.49 422.192.45 11.56 424.57
Middlesex FOB2.66 2.66 2.55 N/A 11.45 420.722.35 11.46 420.90
PROCESSORS
Windsor 3.01 11.80 433.582.51 11.62 426.78
TRANSFER
Hamilton 3.05 11.84 435.052.70 11.81 433.76
Prescott N/A 2.45 11.56 424.57
Port Colborne2.68 11.47 421.452.76 11.87 435.96
Toledo El. 0.13 8.92 327.85-0.40 8.71 319.92
Exchange rate was 1.327 down 0.0014
Chicago wheat closed narrowly mixed.
MAR20 HI 5.41 1/4 JUL20 HI 5.40 3/4
LOW 5.30 3/4 LOW 5.30 1/4
CLOSE 5.39 Up 2 3/4 CLOSE 5.37 1/4 Up 1/2
Minni wheat closed slightly higher.
MAR20 HI 5.16 3/4 SEP20 HI 5.49 1/4
LOW 5.12 1/2 LOW 5.45 1/4
CLOSE 5.16 Up 2 CLOSE 5.48 3/4 Up 2
GFO Cash Wheat Prices - DEL Terminal
Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 2.03 2.23 2.03 1.29
CAD $/bu 7.42 7.62 7.42 6.45
CAD $/tonne 272.55 279.87 272.55 236.96
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 N/A N/A N/A N/A 1.30 N/A
London 1.87 2.14 1.80 N/A 1.40 1.67 1.20 N/A
Hensall 1.88 N/A 1.88 N/A 1.50 N/A 1.30 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.30 N/A
Bruce 1.95 2.15 1.95 1.90 1.50 1.70 1.30 1.30
Essex N/A N/A 1.85 N/A N/A N/A 1.25 N/A
Norwich 1.88 N/A 1.88 N/A 1.50 N/A 1.30 N/A
Port Hope N/A N/A 1.80 N/A N/A N/A 1.30 N/A
Kent Bridge 1.88 N/A 1.88 N/A 1.50 N/A 1.30 N/A
Chatham N/A N/A 1.85 N/A N/A N/A 1.25 N/A
Brigden N/A N/A 1.85 N/A N/A N/A 1.25 N/A
Palmerston N/A 2.29 1.83 1.75 N/A 1.64 1.24 1.20
Varna 2.00 2.15 1.90 N/A 1.50 1.70 1.30 N/A
Mitchell 1.88 2.13 1.88 N/A 1.50 1.65 1.30 N/A
Thornton N/A N/A N/A 2.04 N/A N/A N/A N/A
North Gower N/A 2.00 1.85 1.00 N/A 1.81 1.56 0.95
W O Feed 2.41
TERMINAL
Port Colbor N/A N/A 2.20 N/A N/A N/A 1.60 N/A
PROCESSORS
Toledo FM N/A N/A 2.09 N/A N/A N/A 1.89 N/A
Toledo El. 5.54US 7.35CA 5.47US 7.26CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.56 1.82 1.56 1.06
CAD $/bu 6.93 7.20 6.93 6.55
CAD $/tonne 254.65 264.41 254.65 240.76
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 437.63
DDG's FOB Srn & Aylm 230.00 - 235.00
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