Soybean News

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, January 15

1/15/2019 - 14:44:00

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, January 15
Exchange rate was 1.327 up 0.0021
Chicago soybeans closed slightly lower.

       MAR19   HI 9.08                NOV19    HI 9.50
              LOW 8.92  1/2                   LOW 9.36  1/2
             CLOSE8.93  1/4  Down 10 1/4    CLOSE 9.37  1/2  Down 9

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt
ELEVATORS         +MAR1+MAR1+MAY19
CK Low       1.94                     10.87 399.502.16      11.54 423.84
CK High      2.10                     11.03 405.372.25      11.63 427.15
CK Average   2.05                -0.6610.98 403.462.23 -0.6111.61 426.48
Essex Cty    2.00                     10.93 401.702.30      11.68 428.98
Mdsx Low     1.98                     10.91 400.972.20      11.58 425.31
Mdsx High    2.10                     11.03 405.372.25      11.63 427.15
Mdsx Average 2.04                -0.6610.97 403.172.23 -0.6111.60 426.23
Hensall      2.05                     10.98 403.542.25      11.63 427.15
Bruce        2.00                     10.93 401.702.20      11.58 425.31
Putnam       2.10                     11.03 405.372.25      11.63 427.15
Burford      1.98                     10.91 400.972.20      11.58 425.31
Port Perry   1.94                     10.87 399.502.16      11.54 423.84
Norfolk      2.00                     10.93 401.702.25      11.63 427.15
Palmerston   1.90                     10.83 398.032.33      11.71 430.09
Varna        2.00                     10.93 401.702.20      11.58 425.31
Trenton      2.10                     11.03 405.372.25      11.63 427.15
Winchester   2.06                     10.99 403.912.22      11.60 426.04
North Gower  2.22                     11.15 409.782.25      11.63 427.15
Huron FOB    2.10                     11.03 405.372.35      11.73 430.82
Kent FOB     2.10                     11.03 405.372.25      11.63 427.15
Lambton FOB  1.95                     10.88 399.862.40      11.78 432.66
Middlesex FOB1.94 2.01 2.07 2.25      10.87 399.502.29      11.67 428.62

PROCESSORS
Windsor      2.47  N/A  N/A  N/A      11.40 418.972.68      12.06 442.95

TRANSFER
Hamilton     2.35                     11.28 414.562.65      12.03 441.84
Prescott     1.90                     10.83 398.032.60      11.98 440.01

Toledo El.   -0.60                     8.34 306.27-0.53      8.85 325.01


Exchange rate was 1.327 up 0.0021
Chicago wheat closed slightly lower.
MAR19      HI     5.18  1/4             JUL19   HI         5.28
           LOW        5.08                      LOW     5.18  3/4
           CLOSE  5.11   Down 3 1/4             CLOSE   5.20  1/2  Down 4

Minni wheat closed slightly lower.
MAR19      HI     5.67  1/4             SEP19   HI      5.84  1/2
           LOW        5.61                      LOW     5.80  1/2
           CLOSE  5.62   Down 3 1/2             CLOSE   5.80  3/4  Down 3 3/4

GFO Cash Wheat Prices - DEL Terminal
Harvest 18        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.54          1.60            1.41          0.78
CAD $/bu              6.65          6.71            6.52          6.40
CAD $/tonne         244.28        246.71          239.40        235.01


Direct MarkHarvest 2018                 Harvest 2019
           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    1.30    N/A    N/A     N/A    1.15    N/A
London      1.45    1.31   1.25    N/A    1.46    1.33   1.20    N/A
Hensall     1.50    N/A    1.30    N/A    1.55    N/A    1.15    N/A
Trenton      N/A    N/A     N/A    N/A    N/A     N/A    1.15    N/A
Bruce       1.50    1.55   1.30   1.10    1.50    1.45   1.20   1.00
Essex        N/A    N/A    1.25    N/A    N/A     N/A    1.20    N/A
Norwich     1.50    N/A    1.30    N/A    1.55    N/A    1.15    N/A
Port Hope    N/A    N/A    1.30    N/A    N/A     1.30   1.15    N/A
Kent Bridge 1.50    N/A    1.30    N/A    1.55    N/A    1.15    N/A
Chatham      N/A    N/A    1.25    N/A    N/A     N/A    1.20    N/A
Brigden      N/A    N/A    1.25    N/A    N/A     N/A    1.20    N/A
Palmerston   N/A    1.60   1.15   1.10    N/A     1.50   1.20   1.00
Varna       1.50    1.60   1.30    N/A    1.40    1.50   1.20    N/A
Mitchell    1.50    1.30   1.30    N/A    1.55    1.30   1.15    N/A
Thornton     N/A    N/A     N/A   0.55    N/A     N/A     N/A    N/A
North Gower  N/A    1.35   1.20   0.64    N/A     1.39   1.29   0.51
W O Feed                   1.90


PROCESSORS
Toledo FM    N/A    N/A    1.87    N/A    N/A     N/A    1.82    N/A

Toledo El. 5.06US         6.71CA         5.06US         6.69CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 19        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.49          1.55            1.35          0.76
CAD $/bu              6.69          6.76            6.56          6.56
CAD $/tonne         245.90        248.33          241.03        241.16

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

FEED GRAINS
FOB Hm Soymeal             486.46
DDG's FOB Srn & Aylm       185.00