Grain News

Northeastern Minnesota Grain News

Effective May 1st:

Due to an increase in cost, we are changing our price spread between locations, in addition to custom hauling rates.

The WCAS Felton location will be -12 the Ulen/Beltrami rate.
The WCAS Ada location will be -15 the Ulen/Beltrami rate. 

For custom hauling, please call for a quote. 218-596-8821


 

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, August 8

8/8/2022 - 14:54:00

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, August 8
Exchange rate was 1.2858 down 0.0074
Chicago soybeans closed slightly lower.

      NOV22   HI 14.21                   NOV22     HI 14.21
             LOW 13.91  1/4                       LOW 13.91  1/4
            CLOSE14.00   Down 8 3/4             CLOSE 14.00   Down 8 3/4

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +NOV22+NOV22+NOV22
CK Low      4.50                         18.50 679.76  3.60        17.60 646.69
CK High     5.35                         19.35 710.99  3.70        17.70 650.36
CK Average  5.17                    0.91 19.17 704.43  3.63 -0.29  17.63 647.84
Essex Cty   5.30                         19.30 709.15  3.60        17.60 646.69
Mdsx Low    5.15                         19.15 703.64  3.60        17.60 646.69
Mdsx High   5.30                         19.30 709.15  3.67        17.67 649.26
Mdsx Average5.22                    0.95 19.22 706.09  3.64 -0.28  17.64 648.16
Hensall     5.52                         19.52 717.11  3.65        17.65 648.53
Bruce       5.20                         19.20 705.48  3.60        17.60 646.69
Putnam      5.35                         19.35 710.99  3.65        17.65 648.53
Burford     5.21                         19.21 705.85  3.73        17.73 651.47
Port Perry  5.09                         19.09 701.44  3.61        17.61 647.06
Norfolk     5.30                         19.30 709.15  3.70        17.70 650.36
Palmerston   N/A                                       3.61        17.61 647.06
Varna       5.35                         19.35 710.99  3.65        17.65 648.53
Trenton      N/A                                       3.75        17.75 652.20
Winchester   N/A                                       3.77        17.77 652.94
North Gower  N/A                                       3.60        17.60 646.69
Vankleek Hil5.73                         19.73 724.95  3.44        17.44 640.81
Huron FOB   5.27  N/A   N/A   3.76       19.27 708.05  3.76        17.76 652.57
Kent FOB    5.30                         19.30 709.15  3.65        17.65 648.53
Lambton FOB 5.47                         19.47 715.40  3.89        17.89 657.34
Mdsx FOB    5.38  N/A   N/A   N/A        19.38 712.09  3.87        17.87 656.61

PROCESSORS
Windsor      N/A                                       4.03        18.03 662.49

TRANSFER
Hamilton     N/A                                       4.35        18.35 674.25
Prescott     N/A                                       4.01        18.01 661.75
Port Colborn N/A                                       4.40        18.40 676.08

Toledo El.  0.64                         14.64 538.03 -0.45        13.55 497.88


Exchange rate was 1.2858 down 0.0074
Chicago wheat closed slightly higher.
SEP22      HI     7.93  3/4            JUL23   HI         8.40
           LOW    7.60  3/4                    LOW     8.13  3/4
           CLOSE  7.79  3/4  Up 4              CLOSE   8.30   Up 2 1/2

Minni wheat closed mixed.
SEP22      HI        8.99              SEP23   HI      9.01  3/4
           LOW    8.74  1/4                    LOW        9.01
           CLOSE  8.80  3/4  Down 5 3/4        CLOSE   9.01  3/4  Up  3/4



Direct MarkHarvest 2022                Harvest 2023
           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   1.30    N/A    N/A     N/A    1.40    N/A
London      2.64   1.93   1.16    N/A    2.14    1.76   1.37    N/A
Hensall     2.80    N/A   1.30    N/A    2.50    N/A    1.40    N/A
Trenton      N/A    N/A   1.20    N/A    N/A     N/A    1.40    N/A
Bruce       2.60   2.00   1.30   1.30    2.30    1.80   1.40    N/A
Essex        N/A    N/A   1.30    N/A    N/A     N/A    1.35    N/A
Norwich     2.80    N/A   1.30    N/A    2.50    N/A    1.40    N/A
Port Hope    N/A    N/A   1.20    N/A    N/A     N/A    1.40    N/A
Kent Bridge 2.80    N/A   1.30    N/A    2.50    N/A    1.40    N/A
Chatham      N/A    N/A   1.30    N/A    N/A     N/A    1.40    N/A
Brigden      N/A    N/A   1.30    N/A    N/A     N/A    1.40    N/A
Palmerston   N/A   2.22   1.52   2.13    N/A     N/A    1.52    N/A
Varna       2.70   2.15   1.30    N/A    2.45    1.95   1.40    N/A
Mitchell    2.80   2.00   1.30    N/A    2.50    1.80   1.40    N/A
Thornton    2.64   1.93   1.16   1.94    2.14    1.76   1.37    N/A
North Gower  N/A   0.90   1.30   1.07    N/A     0.90   1.30   0.82
W O Feed                  2.01

TERMINAL
Port Colbor  N/A    N/A   1.68    N/A    N/A     N/A    1.77    N/A

PROCESSORS
Toledo FM    N/A    N/A   2.16    N/A    N/A     N/A    2.24    N/A

Toledo El. 7.60US        9.77CA         8.20US         10.54CA


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

FEED GRAINS
FOB Hm Soymeal            748.92
DDG's FOB Srn & Aylm     310.00 - 315.00