Soybean News


FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, February 23

  • 23 Feb, 2018
  • 14:55:00

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, February 23 Exchange rate was 1.2661 down 0.0042 Chicago soybeans closed slightly higher. MAR18 HI 10.39 1/2 NOV18 HI 10.31 1/4 LOW 10.28 LOW 10.24 3/4 CLOSE10.36 1/4 Up 4 1/4 CLOSE 10.28 Up 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAR1+MAY1+MAY18 CK Low 1.95 12.31 452.411.95 12.23 449.38 CK High 2.00 12.36 454.242.05 12.33 453.05 CK Average 1.98 -0.6212.34 453.331.98 -0.5812.26 450.29 Essex Cty 2.05 12.41 456.081.95 12.23 449.38 Mdsx Low 1.95 12.31 452.411.95 12.23 449.38 Mdsx High 2.00 12.36 454.242.00 12.28 451.21 Mdsx Average 1.98 -0.6212.34 453.331.98 -0.5812.26 450.29 Hensall 2.03 12.39 455.162.03 12.31 452.13 Bruce 2.05 12.41 456.082.05 12.33 453.05 Putnam 2.00 12.36 454.242.00 12.28 451.21 Burford 2.02 12.38 454.982.02 12.30 451.95 Port Perry 1.95 12.31 452.411.95 12.23 449.38 Norfolk 2.00 12.36 454.242.00 12.28 451.21 Palmerston 2.00 12.36 454.242.00 12.28 451.21 Varna 2.05 12.41 456.082.05 12.33 453.05 Trenton 2.00 12.36 454.241.95 12.23 449.38 Winchester 1.95 12.31 452.412.00 12.28 451.21 North Gower 1.98 12.34 453.511.98 12.26 450.48 Huron FOB 2.15 12.51 459.762.00 12.28 451.21 Kent FOB 2.15 12.51 459.761.95 12.23 449.38 Lambton FOB 2.10 12.46 457.922.15 12.43 456.72 Middlesex FOB2.12 2.12 2.13 2.20 12.48 458.652.07 12.35 453.78 TRANSFER Hamilton N/A 2.47 12.75 468.48 Prescott 2.20 12.56 461.592.35 12.63 464.07 Toledo El. -0.24 10.12 371.92-0.38 9.90 363.79 Exchange rate was 1.2661 down 0.0042 Chicago wheat closed steady to slightly higher. MAR18 HI 4.56 1/4 JUL18 HI 4.84 LOW 4.51 1/2 LOW 4.78 1/2 CLOSE 4.52 1/4 Up 1 CLOSE 4.79 Unchanged Minni wheat closed slightly lower. MAR18 HI 6.06 SEP18 HI 6.35 3/4 LOW 6.00 1/4 LOW 6.29 1/2 CLOSE 6.00 3/4 Down 2 1/4 CLOSE 6.30 Down 2 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.14 1.08 1.01 0.27 CAD $/bu 5.66 5.60 5.54 6.28 CAD $/tonne 208.06 205.73 203.41 230.62 Direct MarkHarvest 2017 Harvest 2018 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 0.90 N/A N/A N/A 0.80 N/A London 0.99 1.37 0.87 N/A 1.13 0.87 0.81 N/A Hensall 1.05 N/A 0.90 N/A 1.00 N/A 0.80 N/A Trenton N/A N/A N/A N/A N/A N/A 0.85 N/A Bruce 1.05 1.05 0.95 0.25 1.00 0.85 0.85 0.35 Essex N/A N/A 0.74 N/A N/A N/A 0.83 N/A Norwich 1.05 N/A 0.90 N/A 1.00 N/A 0.80 N/A Port Hope N/A N/A 0.90 N/A N/A 0.85 0.80 N/A Kent Bridge 1.00 N/A 0.90 N/A 1.00 N/A 0.80 N/A Chatham N/A N/A 0.90 N/A N/A N/A 0.85 N/A Brigden N/A N/A 0.90 N/A N/A N/A 0.85 N/A Palmerston N/A 0.80 0.80 0.25 N/A 0.75 0.80 0.35 Varna 1.20 1.05 0.90 N/A 1.00 0.85 0.85 N/A Mitchell 1.05 1.05 0.90 N/A 1.00 0.85 0.80 N/A Thornton N/A N/A N/A 0.77 N/A N/A N/A N/A North Gower N/A 1.07 1.01 0.26 N/A 1.17 1.10 0.26 W O Feed 1.45 PROCESSORS Toledo FM N/A N/A 1.33 N/A N/A N/A 1.26 N/A Toledo El. 4.57US 5.79CA 4.74US 5.99CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.14 1.01 0.95 0.27 CAD $/bu 5.93 5.80 5.74 6.57 CAD $/tonne 217.79 213.15 210.83 241.48 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 526.14 DDG's FOB Srn & Aylm 220.00 - 245.00