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Northeastern Minnesota Grain News

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, June 21

6/21/2019 - 14:52:00

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, June 21
Exchange rate was 1.3187 up 0.0014
Chicago soybeans closed moderately lower.

       JUL19   HI 9.17  1/4           NOV19    HI 9.42  3/4
              LOW 9.02  1/2                   LOW 9.27  1/4
             CLOSE9.02  3/4  Down 12 3/4    CLOSE 9.27  1/2  Down 13 1/2

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt
ELEVATORS         +JUL1+AUG1+NOV19
CK Low       2.10                     11.13 408.872.00      11.28 414.29
CK High      2.30                     11.33 416.212.10      11.38 417.96
CK Average   2.23                -0.4911.26 413.702.08 -0.6711.35 417.16
Essex Cty    2.25                     11.28 414.382.10      11.38 417.96
Mdsx Low     2.09                     11.12 408.502.02      11.30 415.02
Mdsx High    2.30                     11.33 416.212.10      11.38 417.96
Mdsx Average 2.20                -0.5211.22 412.362.06 -0.6811.34 416.49
Hensall      2.25                     11.28 414.382.05      11.33 416.12
Bruce        2.15                     11.18 410.702.00      11.28 414.29
Putnam       2.30                     11.33 416.212.10      11.38 417.96
Burford      2.14                     11.17 410.342.07      11.35 416.86
Port Perry   2.11                     11.14 409.232.04      11.32 415.76
Norfolk      2.25                     11.28 414.382.10      11.38 417.96
Palmerston   2.15                     11.18 410.702.05      11.33 416.12
Varna        2.25                     11.28 414.382.10      11.38 417.96
Trenton      2.25                     11.28 414.382.10      11.38 417.96
Winchester   2.25                     11.28 414.382.25      11.53 423.47
North Gower  2.05                     11.08 407.032.10      11.38 417.96
Huron FOB    2.40                     11.43 419.892.20      11.48 421.63
Kent FOB     2.45                     11.48 421.732.10      11.38 417.96
Lambton FOB  2.45                     11.48 421.732.15      11.43 419.80
Middlesex FOB2.36 2.36 2.38  N/A      11.39 418.422.15      11.43 419.80

PROCESSORS
Windsor      2.85                     11.88 436.422.40      11.68 428.98

TRANSFER
Hamilton     2.80                     11.83 434.592.55      11.83 434.49
Prescott      N/A                                 2.45      11.73 430.82
Port Colborne N/A                                 2.53      11.81 433.76

Toledo El.   -0.26                     8.76 322.01-0.66      8.62 316.57


Exchange rate was 1.3187 up 0.0014
Chicago wheat closed slightly lower.
JUL19      HI     5.29  3/4             JUL19   HI      5.29  3/4
           LOW        5.23                      LOW        5.23
           CLOSE  5.26   Down  1/2              CLOSE   5.26   Down  1/2

Minni wheat closed slightly lower.
JUL19      HI     5.40  3/4             SEP19   HI      5.48  3/4
           LOW    5.35  1/2                     LOW     5.43  1/2
           CLOSE  5.36   Down 2 1/4             CLOSE   5.44   Down 1 1/2

GFO Cash Wheat Prices - DEL Terminal
Harvest 18        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.68          1.74            1.54          0.79
CAD $/bu              6.94          7.00            6.80          6.15
CAD $/tonne         254.88        257.30          250.03        225.80


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     N/A    N/A    N/A     N/A    1.55    N/A
London      1.60    1.99   1.53    N/A    1.66    1.98   1.52    N/A
Hensall     1.65    N/A    1.55    N/A    1.65    N/A    1.55    N/A
Trenton      N/A    N/A     N/A    N/A    N/A     N/A    1.65    N/A
Bruce       1.55    1.90   1.50    N/A    1.50    1.85   1.45   1.20
Essex        N/A    N/A    1.45    N/A    N/A     N/A    1.50    N/A
Norwich     1.65    N/A    1.55    N/A    1.65    N/A    1.55    N/A
Port Hope    N/A    N/A     N/A    N/A    N/A     1.90   1.60    N/A
Kent Bridge 1.65    N/A    1.55    N/A    1.65    N/A    1.55    N/A
Chatham      N/A    N/A    1.45    N/A    N/A     N/A    1.50    N/A
Brigden      N/A    N/A    1.45    N/A    N/A     N/A    1.50    N/A
Palmerston   N/A    1.90   1.50   1.40    N/A     1.90   1.55   1.20
Varna       1.75    1.95   1.55    N/A    1.60    1.90   1.50    N/A
Mitchell    1.65    1.90   1.55    N/A    1.65    1.90   1.55    N/A
Thornton     N/A    N/A     N/A   1.91    N/A     N/A     N/A    N/A
North Gower  N/A    N/A     N/A    N/A    N/A     2.10   1.70   1.10
W O Feed                   2.27

TERMINAL
Port Colbor  N/A    N/A     N/A    N/A    2.00    2.33   1.86    N/A

PROCESSORS
Toledo FM    N/A    N/A    1.87    N/A    N/A     N/A    1.81    N/A

Toledo El. 5.51US         7.27CA        5.51US          7.27CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 19        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.94          2.20            1.81          1.21
CAD $/bu              7.20          7.46            7.07          6.65
CAD $/tonne         264.57        274.26          259.72        244.22

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

FEED GRAINS
FOB Hm Soymeal            508.84
DDG's FOB Srn & Aylm      190.00