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

3/8/2021 - 14:49:00

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, March 8
Exchange rate was 1.266 down 0.0003
Chicago soybeans closed slightly higher.

      MAY21   HI 14.60                   NOV21     HI 12.65  1/4
             LOW 14.31  1/2                       LOW 12.48  1/4
            CLOSE14.33  3/4  Up 3 3/4           CLOSE 12.54  1/4  Up 7

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +MAY21+MAY21+JUL21
CK Low      3.53                         17.87 656.52  2.86        15.40 565.94
CK High     3.60                         17.94 659.09  3.00        15.54 571.09
CK Average  3.56                   -0.20 17.90 657.74  2.94 -0.31  15.49 569.01
Essex Cty   3.60                         17.94 659.09  2.95        15.49 569.25
Mdsx Low    3.51                         17.85 655.78  2.84        15.38 565.21
Mdsx High   3.55                         17.89 657.25  2.95        15.49 569.25
Mdsx Average3.53                   -0.22 17.87 656.52  2.90 -0.34  15.44 567.23
Hensall     3.55                         17.89 657.25  2.92        15.46 568.03
Bruce       3.55                         17.89 657.25  2.95        15.49 569.25
Putnam      3.55                         17.89 657.25  2.95        15.49 569.25
Burford     3.58                         17.92 658.36  2.91        15.45 567.78
Port Perry  3.50                         17.84 655.42  2.83        15.37 564.84
Norfolk     3.60                         17.94 659.09  3.00        15.54 571.09
Palmerston  3.52                         17.86 656.15  3.03        15.57 572.19
Varna       3.55                         17.89 657.25  2.90        15.44 567.41
Trenton     3.50                         17.84 655.42  2.95        15.49 569.25
Winchester  3.47                         17.81 654.31  2.84        15.38 565.21
North Gower 3.35                         17.69 649.90  2.80        15.34 563.74
Vankleek Hil3.41                         17.75 652.11  2.94        15.48 568.88
Huron FOB   3.65  3.80  3.84  3.79       17.99 660.93  2.95        15.49 569.25
Kent FOB    3.75                         18.09 664.60  3.00        15.54 571.09
Lambton FOB 3.70                         18.04 662.76  3.15        15.69 576.60
Mdsx FOB    3.74  3.74  N/A   N/A        18.08 664.23  2.97        15.51 569.99

PROCESSORS
Windsor     4.11                         18.45 677.83  3.18        15.72 577.70

TRANSFER
Hamilton    4.10                         18.44 677.46  3.45        15.99 587.62
Prescott     N/A                                       3.45        15.99 587.62
Port Colborn3.90                         18.24 670.11  3.38        15.92 585.05

Toledo El.  0.00                         14.34 526.81 -0.44        12.10 444.58


Exchange rate was 1.266 down 0.0003
Chicago wheat closed mixed.
MAY21      HI     6.62  3/4             JUL21   HI         6.52
           LOW    6.39  1/2                     LOW        6.33
           CLOSE  6.46  1/2  Down 6 1/2         CLOSE   6.40  1/2  Down 2 3/4

Minni wheat closed slightly lower.
MAY21      HI     6.52  1/4             SEP21   HI      6.62  1/4
           LOW    6.35  1/2                     LOW     6.47  1/4
           CLOSE  6.41  3/4  Down 3 1/2         CLOSE   6.53  1/4  Down 2



Direct MarkHarvest 2020                 Harvest 2021
           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    1.35    N/A    N/A     N/A    1.05    N/A
London      1.42    1.36   1.36    N/A    1.29    1.23   1.04    N/A
Hensall      N/A    N/A     N/A    N/A    1.30    N/A    1.05    N/A
Trenton      N/A    N/A     N/A    N/A    N/A     N/A    1.05    N/A
Bruce       1.35    1.45   1.35   1.45    1.25    1.30   1.05   1.30
Essex        N/A    N/A    1.35    N/A    N/A     N/A    1.05    N/A
Norwich      N/A    N/A     N/A    N/A    1.30    N/A    1.05    N/A
Port Hope    N/A    N/A     N/A    N/A    N/A     N/A    1.05    N/A
Kent Bridge  N/A    N/A     N/A    N/A    1.30    N/A    1.05    N/A
Chatham      N/A    N/A    1.35    N/A    N/A     N/A    1.05    N/A
Brigden      N/A    N/A    1.35    N/A    N/A     N/A    1.05    N/A
Palmerston   N/A    N/A    1.35   1.33    N/A     1.26   1.07   1.29
Varna       1.35    1.40   1.35    N/A    1.25    1.25   1.05    N/A
Mitchell     N/A    N/A     N/A    N/A    1.30    1.25   1.05    N/A
Thornton    1.42    1.36   1.36   0.96    1.29    1.23   1.04    N/A
North Gower  N/A    1.30   1.30   1.00    N/A     1.00   1.00   1.02
W O Feed                   2.04

TERMINAL
Port Colbor  N/A    N/A    1.81    N/A    N/A     N/A    1.39    N/A

PROCESSORS
Toledo FM    N/A    N/A    1.72    N/A    N/A     N/A    1.70    N/A

Toledo El. 6.47US         8.18CA         6.36US         8.04CA


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

FEED GRAINS
FOB Hm Soymeal             613.23
DDG's FOB Srn & Aylm      350.00 - 360.00