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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, April 25

4/25/2019 - 15:05:00

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, April 25
Exchange rate was 1.3476 up 0.0011
Chicago soybeans closed slightly higher.

       MAY19   HI 8.62  3/4           NOV19    HI 8.97
              LOW 8.53  1/2                   LOW 8.88
             CLOSE8.59  1/4  Up 4           CLOSE 8.93  1/4  Up 3 3/4

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt
ELEVATORS         +MAY1+JUL1+JUL19
CK Low       2.10                     10.69 392.882.10      11.03 405.37
CK High      2.20                     10.79 396.562.20      11.13 409.05
CK Average   2.13                -0.6410.72 393.982.13 -0.7211.06 406.54
Essex Cty    2.15                     10.74 394.722.15      11.08 407.21
Mdsx Low     2.10                     10.69 392.882.10      11.03 405.37
Mdsx High    2.11                     10.70 393.252.12      11.05 406.11
Mdsx Average 2.11                -0.6510.70 393.072.11 -0.7411.04 405.74
Hensall      2.13                     10.72 393.802.10      11.03 405.37
Bruce        2.15                     10.74 394.722.10      11.03 405.37
Putnam       2.10                     10.69 392.882.10      11.03 405.37
Burford      2.11                     10.70 393.252.12      11.05 406.11
Port Perry   2.10                     10.69 392.882.11      11.04 405.74
Norfolk      2.15                     10.74 394.722.10      11.03 405.37
Palmerston   2.10                     10.69 392.882.15      11.08 407.21
Varna        2.15                     10.74 394.722.10      11.03 405.37
Trenton      2.24                     10.83 398.032.20      11.13 409.05
Winchester   2.22                     10.81 397.292.25      11.18 410.89
North Gower  2.05                     10.64 391.042.20      11.13 409.05
Huron FOB    2.30                     10.89 400.232.20      11.13 409.05
Kent FOB     2.30                     10.89 400.232.10      11.03 405.37
Lambton FOB  2.15                     10.74 394.722.20      11.13 409.05
Middlesex FOB2.17 2.30 2.28 2.35      10.76 395.452.17      11.10 407.95

PROCESSORS
Windsor       N/A                                 2.58      11.51 423.01

TRANSFER
Hamilton     2.60                     11.19 411.252.55      11.48 421.91
Prescott      N/A                                 2.55      11.48 421.91
Port Colborne N/A                                 2.58      11.51 423.01

Toledo El.   -0.51                     8.08 296.90-0.74      8.19 300.98


Exchange rate was 1.3476 up 0.0011
Chicago wheat closed slightly higher.
MAY19      HI     4.37  1/2             JUL19   HI      4.43  1/2
           LOW    4.28  1/4                     LOW     4.34  1/2
           CLOSE  4.34  3/4  Up 2 1/2           CLOSE   4.41  1/2  Up 3

Minni wheat closed slightly higher.
MAY19      HI         5.09              SEP19   HI      5.25  3/4
           LOW    5.02  1/4                     LOW     5.20  3/4
           CLOSE  5.05   Up 1 3/4               CLOSE   5.23   Up 2

GFO Cash Wheat Prices - DEL Terminal
Harvest 18        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.51          1.58            1.38          0.81
CAD $/bu              5.86          5.93            5.72          5.86
CAD $/tonne         215.27        217.75          210.32        215.40


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    1.25    N/A    N/A     N/A    1.20    N/A
London      1.30    1.71   1.30    N/A    1.38    1.65   1.31    N/A
Hensall     1.40    N/A    1.25    N/A    1.50    N/A    1.20    N/A
Trenton      N/A    N/A     N/A    N/A    N/A     N/A    1.25    N/A
Bruce       1.45    1.80   1.25    N/A    1.60    1.70   1.25   1.00
Essex        N/A    N/A    1.25    N/A    N/A     N/A    1.30    N/A
Norwich     1.40    N/A    1.25    N/A    1.50    N/A    1.20    N/A
Port Hope    N/A    N/A     N/A    N/A    N/A     1.60   1.25    N/A
Kent Bridge 1.40    N/A    1.25    N/A    1.50    N/A    1.20    N/A
Chatham      N/A    N/A    1.25    N/A    N/A     N/A    1.30    N/A
Brigden      N/A    N/A    1.25    N/A    N/A     N/A    1.30    N/A
Palmerston   N/A    1.75   1.25   1.10    N/A     1.58   1.28   1.00
Varna       1.50    1.80   1.30    N/A    1.45    1.65   1.25    N/A
Mitchell    1.40    1.45   1.25    N/A    1.50    1.60   1.20    N/A
Thornton     N/A    N/A     N/A   1.02    N/A     N/A     N/A    N/A
North Gower  N/A    1.50   1.25   0.70    N/A     1.93   1.46   0.80
W O Feed                   1.75

TERMINAL
Port Colbor  N/A    N/A     N/A    N/A    1.73    2.00   1.59    N/A

PROCESSORS
Toledo FM    N/A    N/A    1.71    N/A    N/A     N/A    1.67    N/A

Toledo El. 4.30US         5.79CA        4.27US          5.75CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 19        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.60          1.94            1.47          1.08
CAD $/bu              6.02          6.35            5.88          6.31
CAD $/tonne         221.09        233.47          216.14        231.74

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

FEED GRAINS
FOB Hm Soymeal            471.80
DDG's FOB Srn & Aylm      200.00