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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, March 24
Exchange rate was 1.4264 down 0.0018
Chicago soybeans closed slightly lower.
MAY25 HI 10.11 1/2 NOV25 HI 10.09 1/4
LOW 10.03 1/4 LOW 10.02 1/2
CLOSE10.07 1/4 Down 2 1/2 CLOSE 10.06 1/2 Down 1 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +MAY25+MAY25+JUL25
CK Low 3.20 13.27 487.68 3.20 13.27 487.41
CK High 3.25 13.32 489.52 3.30 13.37 491.08
CK Average 3.22 -0.75 13.29 488.42 3.23 -0.75 13.29 488.32
Essex Cty 3.25 13.32 489.52 3.20 13.27 487.41
Mdsx Low 3.20 13.27 487.68 3.20 13.27 487.41
Mdsx High 3.30 13.37 491.36 3.30 13.37 491.08
Mdsx Average3.22 -0.75 13.29 488.49 3.23 -0.74 13.30 488.51
Hensall 3.22 13.29 488.29 3.18 13.25 486.79
Bruce 3.25 13.32 489.52 3.25 13.32 489.24
Putnam 3.30 13.37 491.36 3.30 13.37 491.08
Guelph 3.18 13.25 486.95 3.17 13.24 486.30
Burford 3.25 13.32 489.52 3.24 13.31 488.88
Port Perry 3.05 13.12 482.17 3.04 13.11 481.53
Norfolk 3.20 13.27 487.68 3.20 13.27 487.41
Palmerston 3.25 13.32 489.52 3.20 13.27 487.41
Varna 3.25 13.32 489.52 3.20 13.27 487.41
Trenton 3.05 13.12 482.17 3.10 13.17 483.73
Winchester 2.95 13.02 478.49 3.06 13.13 482.26
North Gower 2.95 13.02 478.49 3.05 13.12 481.89
Vankleek Hil2.59 12.66 465.27 2.76 12.83 471.24
Huron FOB 3.16 3.37 3.55 N/A 13.23 486.21 N/A
Kent FOB 3.55 13.62 500.54 3.20 13.27 487.41
Lambton FOB 3.35 13.42 493.19 3.35 13.42 492.92
Mdsx FOB N/A 3.43 3.51 3.48 3.36 13.43 493.28
PROCESSORS
Windsor 3.80 13.87 509.73 3.54 13.61 499.90
TRANSFER
Hamilton 3.85 13.92 511.56 3.75 13.82 507.61
Prescott N/A 3.38 13.45 494.02
Port Colborn N/A 3.85 13.92 511.29
Toledo El. -0.14 9.93 364.86 -0.78 9.28 341.00
Exchange rate was 1.4264 down 0.0018
Chicago wheat closed slightly to moderately lower.
MAY25 HI 5.63 JUL25 HI 5.79 1/4
LOW 5.45 1/4 LOW 5.62
CLOSE 5.48 1/4 Down 10 CLOSE 5.65 1/4 Down 9 1/4
Minni wheat closed moderately lower.
MAY25 HI 6.10 SEP25 HI 6.35 1/2
LOW 5.92 LOW 6.25
CLOSE 5.92 1/4 Down 12 3/4 CLOSE 6.25 1/4 Down 10
Direct MarkHarvest 2024 Harvest 2025
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 1.15 N/A N/A N/A 1.30 N/A
London N/A 1.95 0.96 N/A N/A 1.92 1.16 N/A
Hensall 2.00 2.05 1.15 1.65 2.00 2.10 1.30 1.65
Trenton N/A N/A N/A N/A N/A N/A 1.35 N/A
Bruce 1.90 2.00 1.20 1.20 2.00 2.10 1.30 1.20
Essex N/A N/A 1.15 N/A N/A N/A 1.30 N/A
Norwich 2.05 N/A 1.15 N/A 2.05 N/A 1.30 N/A
Winchester N/A N/A N/A N/A N/A N/A N/A N/A
Belmore 1.20 1.40 1.15 0.85 N/A 1.55 1.30 N/A
Kent Bridge 2.05 N/A 1.15 N/A 2.05 N/A 1.30 N/A
Chatham N/A N/A 1.15 N/A N/A N/A 1.30 N/A
Brigden N/A N/A 1.15 N/A N/A N/A 1.30 N/A
Palmerston 1.20 1.40 1.15 0.85 N/A 1.55 1.30 N/A
Varna 2.00 2.05 1.15 N/A 2.00 2.40 1.30 N/A
Mitchell 2.05 2.05 1.15 N/A 2.05 2.10 1.30 N/A
Thornton N/A 1.85 0.96 1.49 N/A 1.92 1.16 N/A
North Gower N/A 0.90 1.10 0.92 N/A 1.22 1.42 0.97
W O Feed 1.83
TERMINAL
Port Colbor N/A N/A 1.55 N/A N/A N/A 1.62 N/A
PROCESSORS
Toledo FM N/A N/A 1.84 N/A N/A N/A 2.20 N/A
Toledo El. 5.03US 7.18CA 5.40US 7.71CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 477.97
DDG's FOB Aylm 245.00
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