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Northeastern Minnesota Grain News

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, February 22

2/22/2019 - 14:39:00

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, February 22
Exchange rate was 1.3138 down 0.0080
Chicago soybeans closed narrowly mixed.

       MAR19   HI 9.14  3/4           NOV19    HI 9.57
              LOW 9.07  1/2                   LOW 9.50  3/4
             CLOSE9.10  1/4  Down  3/4      CLOSE 9.54  1/2  Up  1/4

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt
ELEVATORS         +MAR1+MAY1+MAY19
CK Low       2.14                     11.24 413.092.20      11.75 431.55
CK High      2.20                     11.30 415.302.25      11.80 433.39
CK Average   2.16                -0.5311.26 413.892.21 -0.5711.76 431.92
Essex Cty    2.20                     11.30 415.302.20      11.75 431.55
Mdsx Low     2.15                     11.25 413.462.20      11.75 431.55
Mdsx High    2.22                     11.32 416.032.25      11.80 433.39
Mdsx Average 2.19                -0.5111.29 414.742.23 -0.5611.77 432.47
Hensall      2.15                     11.25 413.462.20      11.75 431.55
Bruce        2.15                     11.25 413.462.20      11.75 431.55
Putnam       2.15                     11.25 413.462.20      11.75 431.55
Burford      2.22                     11.32 416.032.25      11.80 433.39
Port Perry   2.18                     11.28 414.562.21      11.76 431.92
Norfolk      2.15                     11.25 413.462.20      11.75 431.55
Palmerston   2.15                     11.25 413.462.25      11.80 433.39
Varna        2.15                     11.25 413.462.20      11.75 431.55
Trenton      2.09                     11.19 411.252.25      11.80 433.39
Winchester   2.15                     11.25 413.462.25      11.80 433.39
North Gower  2.10                     11.20 411.622.28      11.83 434.49
Huron FOB    2.25                     11.35 417.132.30      11.85 435.23
Kent FOB     2.40                     11.50 422.642.20      11.75 431.55
Lambton FOB  2.20                     11.30 415.302.30      11.85 435.23
Middlesex FOB2.27 2.27 2.25 2.32      11.37 417.872.30      11.85 435.23

PROCESSORS
Windsor      2.73  N/A  N/A  N/A      11.83 434.772.54      12.09 444.05

TRANSFER
Hamilton     2.50                     11.60 426.322.65      12.20 448.09
Prescott      N/A                                 2.65      12.20 448.09
Port Colborne N/A                                 2.65      12.20 448.09

Toledo El.   -0.46                     8.64 317.56-0.66      8.89 326.65


Exchange rate was 1.3138 down 0.0080
Chicago wheat closed narrowly mixed.
MAR19      HI         4.93              JUL19   HI         5.00
           LOW    4.84  1/2                     LOW     4.91  3/4
           CLOSE  4.86  3/4  Up  1/4            CLOSE   4.95   Up 1 1/2

Minni wheat closed slightly to moderately higher.
MAR19      HI         5.73              SEP19   HI      5.79  1/2
           LOW    5.57  3/4                     LOW     5.70  3/4
           CLOSE  5.66  3/4  Up 9               CLOSE   5.74   Up 5 3/4

GFO Cash Wheat Prices - DEL Terminal
Harvest 18        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.53          1.59            1.40          0.86
CAD $/bu              6.39          6.46            6.26          6.53
CAD $/tonne         234.97        237.39          230.15        239.80


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      1.35    1.54   1.22    N/A    1.42    1.42   1.22    N/A
Hensall     1.40    N/A    1.25    N/A    1.45    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    1.55   1.25    N/A    1.45    1.45   1.15   1.00
Essex        N/A    N/A    1.25    N/A    N/A     N/A    1.10    N/A
Norwich     1.40    N/A    1.25    N/A    1.45    N/A    1.20    N/A
Port Hope    N/A    N/A    1.20    N/A    N/A     1.30   1.20    N/A
Kent Bridge 1.40    N/A    1.25    N/A    1.45    N/A    1.20    N/A
Chatham      N/A    N/A    1.25    N/A    N/A     N/A    1.10    N/A
Brigden      N/A    N/A    1.25    N/A    N/A     N/A    1.10    N/A
Palmerston   N/A    1.55   1.05   1.10    N/A     1.60   1.15   1.00
Varna       1.45    1.55   1.25    N/A    1.45    1.45   1.15    N/A
Mitchell    1.40    1.20   1.25    N/A    1.45    1.25   1.20    N/A
Thornton     N/A    N/A     N/A   0.43    N/A     N/A     N/A    N/A
North Gower  N/A    1.45   1.30   0.60    N/A     1.55   1.35   0.65
W O Feed                   1.78

TERMINAL
Port Colbor  N/A    N/A     N/A    N/A    1.77    1.77   1.57    N/A

PROCESSORS
Toledo FM    N/A    N/A    1.72    N/A    N/A     N/A    1.67    N/A

Toledo El. 4.82US         6.33CA        4.80US          6.29CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 19        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.47          1.54            1.34          0.80
CAD $/bu              6.42          6.49            6.29          6.54
CAD $/tonne         235.89        238.30          231.08        240.22

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

FEED GRAINS
FOB Hm Soymeal            464.74
DDG's FOB Srn & Aylm      170.00 - 180.00