Portland Grain Review 10/15
October 15, 2019
Portland Price Trends
10-01-18 01-01-19 09-01-19 10-08-19 10-15-19
#1 SWW (bu) 6.15 6.15 5.70 6.05 6.10
White Club 6.15 6.15 5.70 6.45 6.60
DNS 14% 6.67 6.59 5.67 6.78 7.07
HRW 11.5% 6.36 6.39 5.20 5.60 5.76
#2 Corn (ton) 157.00 168.00 162.00 176.00 180.00
#2 Barley 140.00 140.00 140.00 150.00 150.00
Wheat...West coast wheat prices held to the top end of recent trading
ranges as the week got underway, with firm basis levels being bolstered
by recent demand. Hard red spring wheat broke above the $7 mark for the
first time in over a year and soft white is holding above $6. Carries are
also being posted for all classes of wheat.
Shipments...Weekly export inspections showed another relatively steady
week of U.S. wheat loadings, coming in just under 17 mb to put the current
year total at 348 mb and 21% ahead of a year ago. Hard red winter was the
top shipper at 6.2 mb, followed by hard red spring at 4.9 mb. Soft white
also had a relatively strong week at 3.7 mb. Top destinations off the PNW
ports were Japan with 3.1 mb, China with 2.3 mb and Indonesia with 1.9 mb.
Crop Progress...USDA shows winter wheat planting progress lagging the
five-year pace for both Idaho and Washington, while Oregon is sets well-
above average. Idaho sets 10% behind average with 72% planted, Washington
is 5% behind at 79% sown, while Oregon sets 16% above average at 76% in.
-Norm Ruhoff Contributing Analyst
Copyright 2019 DTN/Telvent. All Rights Reserved.
DTN Early Word Grains 10/18 05:55
DTN Early Word Grains 10/18 05:55 Grain Mixed as Harvest Resumes into Weekend December corn is down 1 3/4 cents per bushel, November soybeans are up 1 1/4 cents, and December K.C. wheat is down 2 1/2 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: December corn is down 1 3/4 cents per bushel, November soybeans are up 1 1/4 cents, and December K.C. wheat is down 2 1/2 cents. CME Globex Recap: Equity markets are mostly lower overnight with the big news being China's economy expanding at the slowest pace in about 30 years at 6% in the third quarter vs. a year earlier. Economists were expecting growth of 6.1% but missed expectations due to manufacturing and investment sentiment. The other big headline this week was a deal on Brexit between Prime Minister Boris Johnson and the European Union with a monumental vote expected in Parliament on Saturday. A passing vote could see the drama which began back in 2016 finally sees resolution. Grains are mostly lower with only soybeans and meal posting overnight gains. Market drivers remain the same with bushels lost in the winter storm and a lack of harvest progress supportive while demand news remains mostly bearish. On Thursday, White House economic advisor Larry Kudlow said China's $40-50 billion in agriculture purchases would "depend in part on private companies and market conditions." Not exactly the answer our markets are looking for, or the tone of the deal set forth by the President last week. Export sales are delayed until later Friday morning and should help set the early tone. OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average up 23.90 at 27,025.88 and the S&P 500 up 8.26 at 2,989.69 while the 10-Year Treasury yield ended at 1.757%. Early Friday, the December DJIA futures are down 17 points. Asian markets are mixed with Japan's Nikkei 225 up 40.82 (0.18%) and China's Shanghai Composite down 39.19 points (-1.32%). European markets are lower with London's FTSE 100 down 17.51 points (-0.24%), Germany's DAX up 0.72 points (0.01%) and France's CAC 40 down 23.82 points (-0.42%). The December Euro is up 0.000 at 1.120 and the December U.S. dollar index is down 0.055 at 97.280. The December 30-Year T-Bond is down 8/32nds, while December gold is down $6.70 at $1,491.60 and November crude oil is up $0.20 at $54.13. Soybeans on China's Dalian Exchange were up 0.41% while soybean meal was up 0.6%.
USDA Daily Market Rates 10/18 06:48
USDA Daily Market Rates 10/18 06:48
DAILY MARKET RATES(GRAIN/MISCELLANEOUS COMMODITIES)
Effective: October 18, 2019
The following Market Rates are established to aid in the development of the
Posted
County Prices (PCPs) which are used by county Farm Services Agency (FSA)
Offices for loan redemption
purposes. Uses of these rates for other purposes may not be appropriate.
Questions concerning the grain, pulses and oilseed market values should be
directed to:
Agricultural Marketing Service/Warehouse & Commodity Management
Division/Commodity Management Branch
at: (816) 926-3816
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 10/18/2019
COMMODITIES
Wheat (BU) Wheat (BU) Wheat (BU) Wheat
(BU)
MARKET HRW HRS SRW SWW
AMA 4.11 */(17)
CIN 5.18 */(37)
EVN 5.46 */(38)
GLF 5.71 */(18) */(19) 5.91 */(39)
*/(20) */(21)
*/(22)
KCM 5.16 */(23) 5.06 */(40)
MEM 5.56 */(41)
MIN 5.21 */(24) */(25) 6.12 */(15)
PNW 5.81 */(26) 6.57 */(16) 6.20
*/(43) */(44)
TOL 5.47 */(42) 5.47
*/(45)
WCD 5.81 */(27) */(28) 6.05
*/(46)
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 10/18/2019
COMMODITIES
Wheat (BU) Corn (BU) Barley (BU)
MARKET HAD YC BRL
AMA 4.36 */(47)
CIN 3.99 */(48)
GLF 4.29 */(49) */(50) 3.85 */(1)
KCM 3.90 */(51) 3.50 */(2)
LOS 6.95 */(11) */A
MEM 3.91 */(52)
MIN 6.50 */(12) */B 3.60 */(53) 3.30 */(3) */(4)
*/(5)
PNW 6.60 */(13) */C 4.95 */(54) */(55) 3.81 */(6) */(7)
TKO 4.07 */(56) */(57)
TOL 4.20 */(58)
WCD 7.00 */(14) */D 5.40 */(59) 5.24 */(8) */(9)
*/(10)
DURUM DISCOUNTS
*/A LOS DISCOUNT ($-0.55) FOR AMBER DURUM AND ($-0.90) FOR DURUM
*/B MIN DISCOUNT ($-0.95) FOR AMBER DURUM AND ($-1.30) FOR DURUM
*/C PNW DISCOUNT ($-0.95) FOR AMBER DURUM AND ($-1.30) FOR DURUM
*/D WCD DISCOUNT ($-0.55) FOR AMBER DURUM AND ($-0.90) FOR DURUM
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 10/18/2019
COMMODITIES
Oats (BU) Soybeans (BU) Grain Sorghum (CWT)
MARKET OAT YSB SOR
CIN 9.15 */(60) 6.72 */(31)
GLF 9.66 */(61) */(62) 7.64 */(32)
*/(63) */(64)
*/(65)
KCM 8.92 */(66)
MEM 9.22 */(67) 6.28 */(33)
MIN 3.49 */(29) 8.76 */(68) */(69)
NCD 6.51 */(34)
PNW 3.66 */(30) 10.17 */(70)
SCD 6.69 */(35)
TKO 9.22 */(71)
TOL 9.07 */(72)
WCD 9.41 */(36)
COMMODITIES
YC - Yellow Corn
YSB - Yellow Soybeans
SOR - Sorghum
HRW - Hard Red Winter
SRW - Soft Red Winter
SWW - Soft White Wheat
HRS - Hard Red Spring
HAD - Durum
OAT - Oats
BRL - Barley
MARKET REGIONS
MIN - Minnesota Marketing Area
PNW - Pacific Northwest
TKO - Decatur, IL
CIN - Cincinnati, OH
AMA - Amarillo, TX
TOL - Toledo, OH
WCD - West Coast Domestic
KCM - Kansas City Marketing Area
MEM - Memphis, TN
GLF - Gulf Marketing Area
SCD - South Central Domestic
NCD - North Central Domestic
EVN - Evansville, IN
LOS - Los Angeles, CA
****NOTE CHANGES TO DIFFERENTIAL INFORMATION EFFECTIVE 10/18/2019 *****
POSTED COUNTY PRICE DIFFERENTIAL INFORMATION (Cents per bushel except as noted)
UNTIL FURTHER NOTICE THE TERMINAL MARKETS LISTED BELOW WILL HAVE DIFFERENTIALS
ADJUSTED AS FOLLOWS:
(1) GLF BRL differentials add 0.03 cents/bu (Effective 10/1/2019)
(2) KCM BRL differentials add 0.03 cents/bu (Effective 10/1/2019)
(3) MIN BRL differentials in WY add -0.02 cents/bu (Effective 7/31/2017)
(4) MIN BRL differentials in MT add 0.04 cents/bu (Effective 8/28/2017)
(5) MIN BRL differentials add 0.22 cents/bu (Effective 10/1/2019)
(6) PNW BRL differentials in MT add -0.06 cents/bu (Effective 2/15/2013)
(7) PNW BRL differentials add 0.20 cents/bu (Effective 10/15/2019)
(8) WCD BRL differentials in ID add 0.03 cents/bu (Effective 3/7/2016)
(9) WCD BRL differentials in MT add -0.02 cents/bu (Effective 8/2/2017)
(10) WCD BRL differentials add -0.70 cents/bu (Effective 10/15/2019)
(11) LOS HAD differentials add -0.40 cents/bu (Effective 6/13/2018)
(12) MIN HAD differentials add -0.53 cents/bu (Effective 10/1/2019)
(13) PNW HAD differentials add -0.20 cents/bu (Effective 6/13/2018)
(14) WCD HAD differentials add -0.40 cents/bu (Effective 6/13/2018)
(15) MIN HRS differentials add -0.57 cents/bu (Effective 10/15/2019)
(16) PNW HRS differentials add -0.68 cents/bu (Effective 10/15/2019)
(17) AMA HRW differentials add 0.00 cents/bu (Effective 10/4/2018)
(18) GLF HRW differentials in KS add 0.00 cents/bu (Effective 10/5/2017)
(19) GLF HRW differentials in CO add -0.05 cents/bu (Effective 7/17/2018)
(20) GLF HRW differentials in NE add -0.05 cents/bu (Effective 7/17/2018)
(21) GLF HRW differentials in OK add 0.00 cents/bu (Effective 7/17/2018)
(22) GLF HRW differentials add -0.71 cents/bu (Effective 10/10/2019)
(23) KCM HRW differentials add -0.58 cents/bu (Effective 10/3/2019)
(24) MIN HRW differentials in SD add 0.00 cents/bu (Effective 9/21/2017)
(25) MIN HRW differentials add -0.57 cents/bu (Effective 9/25/2019)
(26) PNW HRW differentials add -0.87 cents/bu (Effective 10/10/2019)
(27) WCD HRW differentials in CA add 0.03 cents/bu (Effective 8/22/2016)
(28) WCD HRW differentials add -1.07 cents/bu (Effective 9/23/2019)
(29) MIN OAT differentials add -0.40 cents/bu (Effective 10/8/2019)
(30) PNW OAT differentials add -0.40 cents/bu (Effective 8/27/2019)
(31) CIN SOR differentials add -0.43 cents/cwt (Effective 8/8/2019)
(32) GLF SOR differentials add -0.58 cents/cwt (Effective 10/1/2019)
(33) MEM SOR differentials add 0.00 cents/cwt (Effective 3/26/2019)
(34) NCD SOR differentials add -0.12 cents/cwt (Effective 9/10/2019)
(35) SCD SOR differentials add 0.00 cents/cwt (Effective 10/8/2019)
(36) WCD SOR differentials add -1.75 cents/cwt (Effective 10/11/2019)
(37) CIN SRW differentials add -0.02 cents/bu (Effective 9/17/2019)
(38) EVN SRW differentials add -0.30 cents/bu (Effective 10/10/2019)
(39) GLF SRW differentials add -0.44 cents/bu (Effective 10/8/2019)
(40) KCM SRW differentials add 0.18 cents/bu (Effective 10/17/2019)
(41) MEM SRW differentials add -0.40 cents/bu (Effective 10/1/2019)
(42) TOL SRW differentials add -0.35 cents/bu (Effective 7/11/2019)
(43) PNW SWW differentials in ID add 0.00 cents/bu (Effective 6/2/2017)
(44) PNW SWW differentials add -0.28 cents/bu (Effective 11/8/2017)
(45) TOL SWW differentials add -0.05 cents/bu (Effective 9/30/2019)
(46) WCD SWW differentials add -0.27 cents/bu (Effective 6/15/2016)
(47) AMA YC differentials add -0.10 cents/bu (Effective 7/23/2019)
(48) CIN YC differentials add 0.00 cents/bu (Effective 10/8/2019)
(49) GLF YC differentials in MN add -0.02 cents/bu (Effective 9/3/2019)
(50) GLF YC differentials add -0.02 cents/bu (Effective 10/17/2019)
(51) KCM YC differentials add -0.04 cents/bu (Effective 9/10/2019)
(52) MEM YC differentials add 0.00 cents/bu (Effective 10/8/2019)
(53) MIN YC differentials add 0.00 cents/bu (Effective 11/20/2018)
(54) PNW YC differentials in ND add -0.02 cents/bu (Effective 2/27/2017)
(55) PNW YC differentials add -0.50 cents/bu (Effective 10/11/2019)
(56) TKO YC differentials in WI add -0.03 cents/bu (Effective 4/3/2018)
(57) TKO YC differentials add -0.07 cents/bu (Effective 10/10/2019)
(58) TOL YC differentials add -0.32 cents/bu (Effective 9/12/2019)
(59) WCD YC differentials add -0.80 cents/bu (Effective 6/18/2019)
(60) CIN YSB differentials add -0.15 cents/bu (Effective 10/18/2019)
(61) GLF YSB differentials in AL add 0.04 cents/bu (Effective 10/17/2017)
(62) GLF YSB differentials in LA add 0.04 cents/bu (Effective 10/17/2017)
(63) GLF YSB differentials in MS add 0.04 cents/bu (Effective 10/17/2017)
(64) GLF YSB differentials in MN add 0.04 cents/bu (Effective 12/27/2017)
(65) GLF YSB differentials add -0.35 cents/bu (Effective 10/18/2019)
(66) KCM YSB differentials add -0.18 cents/bu (Effective 10/8/2019)
(67) MEM YSB differentials add -0.26 cents/bu (Effective 8/20/2019)
(68) MIN YSB differentials in WI add 0.10 cents/bu (Effective 6/13/2019)
(69) MIN YSB differentials add -0.05 cents/bu (Effective 10/11/2019)
(70) PNW YSB differentials add -0.79 cents/bu (Effective 10/10/2019)
(71) TKO YSB differentials add -0.39 cents/bu (Effective 9/9/2019)
(72) TOL YSB differentials add -0.46 cents/bu (Effective 8/5/2019)
MINOR OILSEEDS
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (ET)
10/18/2019 ALL PRICES PER CWT.
MARKET CAN CRA RAP FLX MUS SAF SEM SUN
ARL 13.34
AUG 13.34
CAR 14.00
COL 19.00
COR 19.00
FAR 16.96 18.66
GFK 26.00
GLD 18.20
GRF 22.00 16.07 26.00
PAR 20.00
RDW 14.54 16.96
RIC 19.00
VEL 14.69
COMMODITIES: MARKETS:
CAN - CANOLA ARL - ARLINGTON, GA
CRA - CRAMBE AUG - AUGUSTA, GA
RAP - RAPESEED CAR - CARRINGTON, ND
FLX - FLAX COL - COLUSA, CA
SEM - SESAME SEED COR - CORCORAN, CA
SUN - SUNFLOWER SEEDS (OIL TYPE) FAR - FARGO, ND
SAF - SAFFLOWER GLD - GOODLAND, KS
MUS - MUSTARD (INCLUDES): GFK - GRAND FORKS, ND
YMU - YELLOW GRF - GREAT FALLS, MT
BMU - BROWN PAR - PARIS, TX
CMU - ORIENTAL RDW - RED WING, MN
XMU - MIXED RIC - RICHMOND, CA
VEL - VELVA, ND
PULSES
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (ET)
10/18/2019. ALL PRICES PER CWT.
MARKET CHL CHK LEN PEA
USP 13.75 9.75 13.00 7.90
COMMODITIES: MARKETS:
CHL - LARGE CHICKPEAS
CHK - SMALL CHICKPEAS USP - United States Pulses
LEN - LENTILS
PEA - PEAS*
YPE - YELLOW
GPE - GREEN
* ALSO INCLUDES, WRINKLED, DRY, WINTER DRY (AUSTRIAN WINTER),
MISCELLANEOUS (MARROWFAT - TYPE PEAS), MIXED.
COTTON PRICES
UPLAND COTTON ADJUSTED WORLD PRICE (AWP), FINE COUNT ADJUSTMENT (FCA), COARSE
COUNT ADJUSTMENT (CCA), and
MARKET GAIN/LOAN DEFICIENCY PAY RATE (LDP) Effective 12:01 a.m. Eastern Time,
Friday, 10/18/19, through
midnight Eastern Time, Thursday, 10/24/19:
AWP = 55.26 cents per pound
FCA 2018 crop = 0.00 cents per pound
FCA 2019 crop = 0.00 cents per pound
CCA = 0.00 cents per pound
LDP Rate = 0.00 cents per pound, subject to allowable fine count or coarse
count adjustment.
The next scheduled AWP, FCA, and CCA announcement will be at 4:00 p.m.Eastern
Time, Thursday, 10/24/19.
The following world prices of rice are effective from 10/16/19 at
7:00 am eastern time until the next announcement occurs. The next
price announcement is scheduled for 10/23/19 at 7:00 am eastern time.
. Rates Per Hundredweight Rough
Rates Per Pound For . Rice for Farm-Stored and
Milled Rice Kernels . Warehouse Loans and LDPs
_____________________________________________________________________
.
2018 CROP
. World Loan Market
World Loan . Market Gain and
Price Rate . Index LDP Rate
----Cents/Pound---- . ---$/Hundredweight---
.
Long 14.01 10.08 . 12.51 0.00
Med/Short 13.49 9.67 . 12.30 0.00
Broken 8.45 6.14 . na na
_____________________________________________________________________
.
2019 CROP . World Loan Market
World Loan . Market Gain and
Price Rate . Index LDP Rate
----Cents/Pound---- . ---$/Hundredweight---
.
Long 14.62 11.09 . 13.42 0.00
Med/Short 14.29 10.50 . 13.07 0.00
Broken 8.82 6.11 . na na
_____________________________________________________________________
The above prices are based on the following loan rates, world prices
and milling yields per hundredweight of rough rice:
2018 CROP
Loan Rate World Price . Whole/Broken Yield
------ $/Cwt ------ . (Pounds/Cwt)
.
Long 6.26 8.69 . 53.56/14.05
Med/Short 6.68 9.31 . 64.00/8.00
2019 CROP
Loan Rate World Price . Whole/Broken Yield
------ $/Cwt ------ . (Pounds/Cwt)
.
Long 7.00 9.33 . 55.55/13.69
Med/Short 7.00 9.57 . 61.11/9.51
DTN Weather Trend Indicators 10/18 09:05
DTN Weather Trend Indicators 10/18 09:05
Weather Indicator status values are:
Corn=Neutral
Soybeans=Neutral
Wheat=Neutral
LEGEND:
The indicator choices are: Corn, Soybeans, Wheat
The status choices are: Up, Down, Neutral
For example: Corn=Neutral
(ES)
Cotton AWP/LDP 10/18 10:54
Cotton AWP/LDP 10/18 10:54
Weekly cotton Fine Count Price and Adjustment data.
| Fine Fine
FE Trans | Count Count
FE Fine Coarse & | Adj Adj Adj
Week Count FE Count Qual | World 2018 2019 CCA LDP
Date Price Price Price Adj | Price Crop** Crop**
10/18/19 74.95 72.51 70.80 17.25 | 55.26 0.00 0.00 0.00 0.00
10/11/19 73.45 71.15 69.45 17.25 | 53.90 0.00 0.00 0.00 0.00
10/04/19 72.87 70.61 68.97 17.25 | 53.36 0.00 0.00 0.00 0.00
09/27/19 72.65 70.44 68.85 17.25 | 53.19 0.00 0.00 0.00 0.00
09/20/19 74.03 71.87 70.50 17.25 | 54.62 0.04 0.00 0.00 0.00
**Fine Count Adjustment cannot be less than zero.
NA = not available.
DTN Midday Grain Comments 10/18 11:28
DTN Midday Grain Comments 10/18 11:28 Grains Mixed at Midday Soybeans and wheat lead mixed trade at midday. By David Fiala DTN Contributing Analyst General Comments The U.S. stock market is flat to lower with the Dow down 80. The dollar index is 15 lower. Interest rate products are weaker. Energies are flat with crude up $0.05. Livestock trade is weaker. Precious metals are mixed with gold down $2.80. CORN Corn trade is 3 cents lower at midday with range-bound action continuing ahead of the weekend. Fresh bullish news lacking and light harvest pressure is noted. Harvest will remain slow but should show progress through the end of the week before wetter weather returns to the east with beans getting more attention this week. Ethanol futures are flat at midday keeping margins stable. Basis remains flat to weaker with anticipation of more inbound bushels soon. South American corn planting but is running behind normal with mixed weather views at this early juncture in the Southern Hemisphere growing season. The weekly export sales were soft at 368,800 metric tons. On the December contract support is at the 20-day moving average at $3.86 1/2; the market is flirting with the $3.92 10-day here at midday. Chart resistance is at the upper Bollinger Band at 4.02. SOYBEANS Soybeans are 4 to 6 cents higher at midday gaining back some of the noted long profit-taking losses seen earlier this week. Meal is $2.50 higher with soybean oil up 12 points. The soybean market is overbought and seeing consolidation after the September into October strength with the momentum into Monday following the friendly USDA report last week. Crush margins remain solidly positive. The ral has gained slightly against the dollar this week. Bean basis should see pressure as combines continue to roll. South America should make more progress this week and into the second half of the months with some weather issues remaining and planting pace solidly behind. The weekly export sales were strong at 1.6 million metric tons, 152,900 of meal, and 4,000 pounds of oil. On the November chart, support is the 10-day at $9.28 with the upper Bollinger Band at $9.49 as resistance. WHEAT Wheat trade is 2 cents lower to 2 cents higher with light selling overnight after new highs were scored for the move on the back of Chicago strength. The Chicago/Kansas City December spread is 97 cents with trade hitting new highs again. Remaining spring wheat will likely not be cut at this point. The corn/HRW spread has widened back to 38 cents from 13 cents at the recent low, working wheat back out of rations. Export action continues to be dominated by Black Sea origin with more sales to Egypt and neighboring countries this week. The weekly export sales remained in the recent range at 395,100 metric tons. The December Kansas City chart support is the 10-day at $4.18 with the 100-day at 4.40 the next level up with the upper Bollinger Band right at overnight trade at $4.31. David Fiala is a DTN contributing analyst and the President of FuturesOne and a registered adviser. He can be reached at dfiala@futuresone.com Follow him on Twitter @davidfiala (CZ) Copyright 2019 DTN/The Progressive Farmer. All rights reserved.
DTN Closing Grain Comments 10/18 13:54
DTN Closing Grain Comments 10/18 13:54 Grains Finish Week Mixed; U.S. Dollar Lower Friday finished with modest gains in soybeans and winter wheat, while corn and spring wheat closed lower. Chicago wheat posted the biggest gain among grain contracts this week with some help from a 1% drop in the U.S. dollar index.
FARM MARKET NEWS - CORN REPORT FOR Fri, October 18
FARM MARKET NEWS - CORN REPORT FOR Fri, October 18
Bank of Canada Noon exchange rate was 1.3121 down 0.0007
Chicago corn closed slightly lower.
DEC19 HI 3.95 3/4 DEC20 HI 4.11 1/4
LOW 3.89 3/4 LOW 4.08 3/4
CLOSE3.91 Down 3 3/4 CLOSE 4.10 1/4 Down 1/2
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +DEC19+MAR20+MAR20
CK Low 1.25 5.16 203.14 0.90 5.00 196.94
CK High 1.25 5.16 203.14 0.90 5.00 196.94
CK Avg 1.25 0.02 5.16 203.14 0.90 -0.29 5.00 196.94
Essex Cty 1.25 5.16 203.14 0.90 5.00 196.94
Mdsx Low 1.25 5.16 203.14 0.90 5.00 196.94
Mdsx High 1.25 5.16 203.14 0.90 5.00 196.94
Mdsx Avg 1.25 0.02 5.16 203.14 0.90 -0.29 5.00 196.94
Hensall 1.28 5.19 204.12 0.90 5.00 196.94
Bruce 1.25 5.16 203.14 0.90 5.00 196.94
Putnam 1.25 5.16 203.14 0.90 5.00 196.94
Burford 1.25 5.16 203.14 0.90 5.00 196.94
Port Perry 1.35 5.26 207.08 0.90 5.00 196.94
Norfolk 1.25 5.16 203.14 0.90 5.00 196.94
Palmerston 1.16 5.07 199.60 0.83 4.93 194.18
Varna 1.25 5.16 203.14 0.85 4.95 194.97
Trenton 1.30 5.21 205.11 0.90 5.00 196.94
Winchester 1.40 5.31 209.05 1.10 5.20 204.81
North Gower 1.35 5.26 207.08 1.05 5.15 202.84
Huron FOB 1.35 5.26 207.08 0.90 5.00 196.94
Kent FOB 1.30 5.21 205.11 0.95 5.05 198.91
Lamb FOB 1.30 5.21 205.11 1.05 5.15 202.84
Mdsx FOB 1.30 1.30 1.40 1.45 5.21 205.11 1.00 5.10 200.88
FOB SW Que 2.52 6.43 253.14N/A
Track 1.93 5.84 229.71N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A 1.18 5.28 207.96
Jhnstwn-Eth N/A N/A N/A N/A 1.36 5.46 215.05
Aylmer-Eth N/A N/A 1.50 1.55 1.20 5.30 208.75
Sarn-Eth 1.40 1.40N/A N/A 5.31 209.05N/A
London-Ing N/A N/A 1.70 1.70 1.25 5.35 210.72
Pt.Colb-Ing N/A N/A N/A N/A N/A*
Cardnl-Ing 1.95N/A 1.70N/A 5.86 230.70 1.30 5.40 212.69
W O Feed 2.44 6.35 250.07
US Rep 2.22 6.13 241.33
Toledo El. 0.39 4.30 169.43 -0.26 3.84 151.18
TRANSFER
Pt. Colb 1.50 5.41 212.98N/A
Prescott 1.60 5.51 216.92N/A
MID SD CRN 1.25 5.16
HI SD CRN 1.25 5.16
*Wet Bid
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, October 18
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, October 18
Exchange rate was 1.3121 down 0.0007
Chicago soybeans closed slightly higher.
NOV19 HI 9.38 1/2 NOV20 HI 9.76
LOW 9.30 1/2 LOW 9.68 3/4
CLOSE9.34 Up 2 1/2 CLOSE 9.72 3/4 Up 2 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt
ELEVATORS +NOV1+JAN2+JAN20
CK Low 2.11 11.45 420.721.99 11.72 430.54
CK High 2.15 11.49 422.192.10 11.83 434.59
CK Average 2.14 -0.5911.48 421.942.07 -0.7311.80 433.61
Essex Cty 2.15 11.49 422.192.10 11.83 434.59
Mdsx Low 2.09 11.43 419.981.97 11.70 429.81
Mdsx High 2.15 11.49 422.192.10 11.83 434.59
Mdsx Average 2.12 -0.6111.46 421.082.04 -0.7611.76 432.20
Hensall 2.15 11.49 422.192.10 11.83 434.59
Bruce 2.15 11.49 422.192.10 11.83 434.59
Putnam 2.15 11.49 422.192.10 11.83 434.59
Burford 2.16 11.50 422.552.04 11.77 432.38
Port Perry 2.01 11.35 417.041.99 11.72 430.54
Norfolk 2.15 11.49 422.192.10 11.83 434.59
Palmerston 2.07 11.41 419.252.08 11.81 433.85
Varna 2.15 11.49 422.192.10 11.83 434.59
Trenton 2.15 11.49 422.192.10 11.83 434.59
Winchester 2.20 11.54 424.022.10 11.83 434.59
North Gower 2.22 11.56 424.762.15 11.88 436.42
Huron FOB 2.25 11.59 425.862.20 11.93 438.26
Kent FOB 2.15 11.49 422.192.10 11.83 434.59
Lambton FOB 2.30 11.64 427.702.20 11.93 438.26
Middlesex FOB2.20 2.20 N/A N/A 11.54 424.022.10 11.83 434.59
PROCESSORS
Windsor 2.46 11.80 433.582.45 12.18 447.45
TRANSFER
Hamilton 2.60 11.94 438.722.55 12.28 451.12
Prescott 2.63 11.97 439.82 N/A
Port Colborne2.60 11.94 438.72 N/A
Toledo El. -0.24 9.10 334.51-0.46 9.27 340.55
Exchange rate was 1.3121 down 0.0007
Chicago wheat closed moderately higher.
DEC19 HI 5.32 3/4 JUL20 HI 5.44
LOW 5.21 LOW 5.32
CLOSE 5.32 1/4 Up 6 3/4 CLOSE 5.44 Up 8
Minni wheat closed slightly to moderately lower.
DEC19 HI 5.51 1/2 SEP20 HI 5.81 1/2
LOW 5.42 1/4 LOW 5.79 3/4
CLOSE 5.44 1/2 Down 7 1/2 CLOSE 5.80 3/4 Down 5 1/4
GFO Cash Wheat Prices - DEL Terminal
Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 2.12 2.32 1.99 1.31
CAD $/bu 7.44 7.64 7.31 6.75
CAD $/tonne 273.47 280.71 268.65 248.04
Direct MarkHarvest 2019 Harvest 2020
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 1.65 N/A N/A N/A 1.20 N/A
London 1.76 2.03 1.63 N/A 1.34 1.54 1.21 N/A
Hensall 1.75 N/A 1.65 N/A 1.40 N/A 1.20 N/A
Trenton N/A N/A 1.65 N/A N/A N/A 1.30 N/A
Bruce 1.75 2.00 1.60 1.50 1.40 1.60 1.20 1.05
Essex N/A N/A 1.60 N/A N/A N/A 1.20 N/A
Norwich 1.75 N/A 1.65 N/A 1.40 N/A 1.20 N/A
Port Hope N/A N/A 1.65 N/A N/A N/A 1.30 N/A
Kent Bridge 1.75 N/A 1.65 N/A 1.40 N/A 1.20 N/A
Chatham N/A N/A 1.60 N/A N/A N/A 1.20 N/A
Brigden N/A N/A 1.60 N/A N/A N/A 1.20 N/A
Palmerston N/A N/A 1.64 1.32 N/A N/A 1.25 0.98
Varna 1.75 2.05 1.65 N/A 1.40 1.60 1.20 N/A
Mitchell 1.75 1.95 1.65 N/A 1.40 1.60 1.20 N/A
Thornton N/A N/A N/A 1.60 N/A N/A N/A N/A
North Gower N/A 1.80 1.55 1.00 N/A 1.78 1.48 0.95
W O Feed 2.26
TERMINAL
Port Colbor 2.11 2.37 2.04 N/A N/A N/A N/A N/A
PROCESSORS
Toledo FM N/A N/A 2.25 N/A N/A N/A 1.70 N/A
Toledo El. 5.50US 7.22CA 5.44US 7.14CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.63 1.89 1.57 1.02
CAD $/bu 7.07 7.33 7.01 6.83
CAD $/tonne 259.80 269.44 257.39 251.01
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 521.95
DDG's FOB Srn & Aylm 225.00
DTN National HRS Index 10/18
