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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, August 21

8/21/2019 - 14:47:00

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, August 21
Exchange rate was 1.3282 down 0.0034
Chicago soybeans closed slightly higher.

       NOV19   HI 8.76  1/2           NOV19    HI 8.76  1/2
              LOW 8.66  3/4                   LOW 8.66  3/4
             CLOSE8.73   Up 4 3/4           CLOSE 8.73   Up 4 3/4

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt
ELEVATORS         +NOV1+NOV1+NOV19
CK Low       2.20                     10.93 401.612.05      10.78 396.10
CK High      2.30                     11.03 405.282.14      10.87 399.40
CK Average   2.25                -0.4610.98 403.512.10 -0.5610.83 397.87
Essex Cty    2.25                     10.98 403.452.10      10.83 397.93
Mdsx Low     2.14                     10.87 399.402.07      10.80 396.83
Mdsx High    2.30                     11.03 405.282.10      10.83 397.93
Mdsx Average 2.22                -0.4910.95 402.342.09 -0.5710.82 397.38
Hensall      2.30                     11.03 405.282.10      10.83 397.93
Bruce        2.25                     10.98 403.452.05      10.78 396.10
Putnam       2.30                     11.03 405.282.10      10.83 397.93
Burford      2.19                     10.92 401.242.12      10.85 398.67
Port Perry   2.16                     10.89 400.142.09      10.82 397.57
Norfolk      2.25                     10.98 403.452.10      10.83 397.93
Palmerston   2.25                     10.98 403.452.05      10.78 396.10
Varna        2.30                     11.03 405.282.10      10.83 397.93
Trenton      2.15                     10.88 399.772.15      10.88 399.77
Winchester    N/A                                 2.03      10.76 395.36
North Gower  2.01                     10.74 394.632.18      10.91 400.87
Huron FOB    2.40                     11.13 408.962.20      10.93 401.61
Kent FOB     2.30                     11.03 405.282.10      10.83 397.93
Lambton FOB  2.15                     10.88 399.772.25      10.98 403.45
Middlesex FOB2.53 2.53  N/A  N/A      11.26 413.732.19      10.92 401.24

PROCESSORS
Windsor      2.60                     11.33 416.312.40      11.13 408.96

TRANSFER
Hamilton     2.80                     11.53 423.652.55      11.28 414.47
Prescott      N/A                                 2.40      11.13 408.96
Port Colborne N/A                                  N/A

Toledo El.   -0.33                     8.40 308.57-0.49      8.24 302.75


Exchange rate was 1.3282 down 0.0034
Chicago wheat closed mixed.
SEP19      HI         4.63              JUL20   HI      4.85  1/2
           LOW        4.56                      LOW     4.78  1/2
           CLOSE  4.62  1/2  Up 2 1/2           CLOSE   4.83  3/4  Down  1/4

Minni wheat closed slightly lower.
SEP19      HI         5.05              SEP20   HI         5.60
           LOW    5.00  1/4                     LOW        5.57
           CLOSE  5.02  1/4  Down 1 3/4         CLOSE   5.58  1/4  Down 1 3/4

GFO Cash Wheat Prices - DEL Terminal
Harvest 19        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.98          2.25            1.92          1.25
CAD $/bu              6.61          6.87            6.54          6.27
CAD $/tonne         242.79        252.56          240.35        230.47


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      1.64    1.90   1.57    N/A    1.25    1.38   1.05    N/A
Hensall     1.70    N/A    1.60    N/A    1.30    N/A    1.10    N/A
Trenton      N/A    N/A    1.60    N/A    N/A     N/A    1.20    N/A
Bruce       1.70    2.00   1.60   1.30    1.30    1.50   1.10    N/A
Essex        N/A    N/A    1.55    N/A    N/A     N/A    1.10    N/A
Norwich     1.70    N/A    1.60    N/A    1.30    N/A    1.10    N/A
Port Hope    N/A    1.85   1.65    N/A    N/A     1.45   1.20    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    1.10    N/A
Brigden      N/A    N/A    1.60    N/A    N/A     N/A    1.10    N/A
Palmerston   N/A    2.00   1.60   1.30    N/A     1.58   1.23   0.95
Varna       1.70    2.00   1.60    N/A    1.30    1.50   1.10    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   1.44    N/A     N/A     N/A    N/A
North Gower  N/A    2.15   1.88   1.15    N/A     1.78   1.46   0.90
W O Feed                   2.24

TERMINAL
Port Colbor 1.97    2.24   1.91    N/A    N/A     N/A     N/A    N/A

PROCESSORS
Toledo FM    N/A    N/A    1.78    N/A    N/A     N/A     N/A    N/A

Toledo El. 4.83US         6.41CA        4.79US          6.35CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 20        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.51          1.77            1.44          1.02
CAD $/bu              6.35          6.61            6.28          6.60
CAD $/tonne         233.15        242.89          230.71        242.64

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

FEED GRAINS
FOB Hm Soymeal            461.44
DDG's FOB Srn & Aylm      190.00 - 195.00

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