Market News

Grain News

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, December 10

12/10/2018 - 15:09:00

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, December 10
Exchange rate was 1.34 up 0.0112
Chicago soybeans closed slightly lower.

       JAN19   HI 9.16  1/2           NOV19    HI 9.61  1/4
              LOW 9.08  1/2                   LOW 9.55
             CLOSE9.09  3/4  Down 7         CLOSE 9.57   Down 4 1/4

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt
ELEVATORS         +JAN1+MAR1+MAR19
CK Low       2.29                     11.39 418.422.20      11.77 432.47
CK High      2.35                     11.45 420.622.30      11.87 436.15
CK Average   2.33                -0.5711.43 419.822.28 -0.7011.85 435.34
Essex Cty    2.35                     11.45 420.622.30      11.87 436.15
Mdsx Low     2.33                     11.43 419.892.30      11.87 436.15
Mdsx High    2.35                     11.45 420.622.33      11.90 437.25
Mdsx Average 2.34                -0.5611.44 420.262.32 -0.6711.89 436.70
Hensall      2.30                     11.40 418.792.28      11.85 435.23
Bruce        2.30                     11.40 418.792.30      11.87 436.15
Putnam       2.35                     11.45 420.622.30      11.87 436.15
Burford      2.33                     11.43 419.892.33      11.90 437.25
Port Perry   2.29                     11.39 418.422.29      11.86 435.78
Norfolk      2.35                     11.45 420.622.30      11.87 436.15
Palmerston   2.35                     11.45 420.622.35      11.92 437.99
Varna        2.25                     11.35 416.952.25      11.82 434.31
Trenton      2.30                     11.40 418.792.25      11.82 434.31
Winchester   2.50                     11.60 426.142.40      11.97 439.82
North Gower  2.50                     11.60 426.142.30      11.87 436.15
Huron FOB    2.35                     11.45 420.622.35      11.92 437.99
Kent FOB     2.45                     11.55 424.302.30      11.87 436.15
Lambton FOB  2.25                     11.35 416.952.50      12.07 443.50
Middlesex FOB2.29 2.47 2.45 2.45      11.39 418.422.42      11.99 440.56

PROCESSORS
Windsor      2.89  N/A  N/A  N/A      11.99 440.472.85      12.42 456.36

TRANSFER
Hamilton     2.75                     11.85 435.322.70      12.27 450.85
Prescott      N/A                                 2.90      12.47 458.19

Toledo El.   -0.51                     8.59 315.57-0.40      9.17 336.92


Exchange rate was 1.34 up 0.0112
Chicago wheat closed slightly to moderately lower.
MAR19      HI         5.31              JUL19   HI         5.40
           LOW    5.24  1/2                     LOW     5.35  1/2
           CLOSE  5.25  1/4  Down 6             CLOSE   5.37  1/4  Down 2 3/4

Minni wheat closed slightly to moderately lower.
MAR19      HI         5.81              SEP19   HI      5.94  3/4
           LOW    5.73  1/2                     LOW     5.92  1/4
           CLOSE  5.75  1/4  Down 6 1/4         CLOSE   5.93  1/4  Down 4 3/4

GFO Cash Wheat Prices - DEL Terminal
Harvest 18        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.32          1.52            1.32          0.82
CAD $/bu              6.57          6.77            6.57          6.57
CAD $/tonne         241.39        248.77          241.39        241.39


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    1.20    N/A    N/A     N/A    1.15    N/A
London      1.28    1.41   1.28    N/A    1.29    1.42   1.22    N/A
Hensall     1.35    N/A    1.20    N/A    1.40    N/A    1.15    N/A
Trenton      N/A    N/A     N/A    N/A    N/A     N/A    1.10    N/A
Bruce       1.25    1.50   1.20   0.85    1.20    1.45   1.10   0.85
Essex        N/A    N/A    1.15    N/A    N/A     N/A    1.10    N/A
Norwich     1.35    N/A    1.20    N/A    1.40    N/A    1.15    N/A
Port Hope    N/A    N/A    1.20    N/A    N/A     1.20   1.20    N/A
Kent Bridge 1.35    N/A    1.20    N/A    1.40    N/A    1.15    N/A
Chatham      N/A    N/A    1.15    N/A    N/A     N/A    1.10    N/A
Brigden      N/A    N/A    1.15    N/A    N/A     N/A    1.10    N/A
Palmerston   N/A    1.50   1.20   0.80    N/A     1.45   1.10   0.80
Varna       1.40    1.50   1.20    N/A    1.20    1.45   1.10    N/A
Mitchell    1.35    1.20   1.20    N/A    1.40    1.30   1.15    N/A
Thornton     N/A    N/A     N/A   0.67    N/A     N/A     N/A    N/A
North Gower  N/A    1.25   1.08   0.60    N/A     1.31   1.24   0.45
W O Feed                   1.86


PROCESSORS
Toledo FM    N/A    N/A    1.99    N/A    N/A     N/A    1.93    N/A

Toledo El. 5.15US         6.90CA         5.22US         6.97CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 19        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.33          1.40            1.33          0.72
CAD $/bu              6.71          6.77            6.71          6.65
CAD $/tonne         246.39        248.84          246.39        244.43

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

FEED GRAINS
FOB Hm Soymeal             502.66
DDG's FOB Srn & Aylm      135.00 - 160.00