Portland Grain Review 10/22
October 22, 2020
Portland Price Trends
10-01-19 01-01-20 09-01-20 10-15-20 10-22-20
#1 SWW (bu) 5.90 6.15 5.35 5.90 6.20
White Club 5.90 7.65 5.70 6.25 6.55
DNS 14% 6.58 7.21 6.51 6.79 6.97
HRW 11.5% 5.61 6.26 6.20 6.93 6.99
#2 Corn (ton) 173.00 172.00 163.00 170.00 170.00
#2 Barley 150.00 140.00 130.00 130.00 130.00
Wheat...Relative values for U.S. white wheat continue to attract the
interest of global buyers, as word of South Korea booking another 4.8 mb
overnight helped bolster cash bids today. Nearby cash prices remain at
a marketing year high even with basis levels holding negative values to
Chicago futures. Hard red winter also remains at a rare premium to hard
red spring wheat on the west coast.
Weekly Sales...USDA reported overall U.S. wheat export demand slipped
well below the four-week average last week, coming in at 13.5 mb to put
yeat-to-date sales at 566 mb; 9% above both year-ago and average levels.
Top seller was hard red winter with 5.8 mb, putting sales 9% ahead of a
year ago and 17% above the five-year average pace at 213 mb. Soft red
winter posted the second best week of the marketing year with 3.3 mb in
sales, setting 28% behind a year ago and 23% below average. White wheat
saw 2.4 mb in new bookings and with 125 mb sold, stands 26% ahead of a
year ago and 18% above average. Red spring wheat sales of 2.1 mb placed
year-to-date commitments at 162 mb; 16% ahead of a year ago and 4% ahead
of the five-year pace.
-Norm Ruhoff Contributing Analyst
Copyright 2020 DTN/Telvent. All Rights Reserved.
DTN Early Word Grains 10/23 06:00
DTN Early Word Grains 10/23 06:00 Grains Closing Week Higher December corn is up 1 3/4 cents per bushel, November soybeans are up 3/4 cent, and December KC wheat is up 7 cents. Tregg Cronin DTN Contributing Analyst Pre-6 a.m. Globex Prices: December corn is up 1 3/4 cents per bushel, November soybeans are up 3/4 cent, and December KC wheat is up 7 cents. CME Globex Recap: Global equities were stronger overnight with U.S. futures also staring at a higher open Friday morning. House Speaker Pelosi and Treasury Secretary Mnuchin continued their stimulus-package talks Thursday with Speaker Pelosi saying they're "just about there." There is still uncertainty that Senate Majority Leader McConnel would allow a vote on a stimulus bill before the presidential elections, especially if he tries to get Supreme Court justice nominee Amy Coney Barrett approved on the Senate floor. The energy markets were stronger overnight, although natural gas is down over 2.0%. Grains were stronger overnight with gains being led by Kansas City and Chicago wheat after a couple day breather midweek. Corn futures are making new highs daily while soybean futures rest just below contract highs. There still does not seem to be a compelling enough reason to get sideways with the trend, and the trend remains up in the ag space. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average up 152.84 at 28,363.66 and the S&P 500 up 17.93 at 3,435.56 while the 10-year Treasury yield ended at 0.848%. Early Friday, the December DJIA futures are up 94 points. Asian markets are mixed with Japan's Nikkei 225 up 42.32 (0.18%) and China's Shanghai Composite down 34.5 points (1.04%). European markets are higher with London's FTSE 100 up 85.43 points (1.48%), Germany's DAX up 130.01 points (1.04%) and France's CAC 40 down 65.82 points (1.36%). The December euro is up 0.002 at 1.190 and the December U.S. Dollar Index is down 0.234 at 92.730. The December 30-year T-Bond is down 10/32nds, while December gold is up $7.90 at $1,912.50 and December crude oil is up $0.23 at $40.87. Soybeans on China's Dalian Exchange were up 0.32% while soybean meal was down 0.49%.
USDA Daily Market Rates 10/23 06:54
USDA Daily Market Rates 10/23 06:54
DAILY MARKET RATES(GRAIN/MISCELLANEOUS COMMODITIES)
Effective: October 23, 2020
The following Market Rates are established to aid in the development of
the Posted
County Prices (PCPs) which are used by county Farm Services Agency (FSA)
Offices for loan redemption
purposes. Uses of these rates for other purposes may not be appropriate.
Questions concerning the grain, pulses and oilseed market values should
be directed to:
Agricultural Marketing Service/Warehouse & Commodity Management
Division/Commodity Management Branch
at: (816) 926-3816
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 10/23/2020
COMMODITIES
Wheat (BU) Wheat (BU) Wheat (BU)
Wheat (BU)
MARKET HRW HRS SRW
SWW
AMA 5.35 */(17)
CIN 6.05 */(37)
EVN 6.33 */(38)
GLF 7.00 */(18) */(19) 6.83 */(39)
*/(20) */(21)
*/(22)
KCM 6.65 */(23) 6.38 */(40)
MEM 6.38 */(41)
MIN 6.55 */(24) */(25) 6.50 */(15)
PNW 7.00 */(26) 6.63 */(16)
6.07 */(43) */(44)
TOL 6.03 */(42)
6.03 */(45)
WCD 7.00 */(27) */(28)
5.92 */(46)
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 10/23/2020
COMMODITIES
Wheat (BU) Corn (BU) Barley (BU)
MARKET HAD YC BRL
AMA 4.71 */(47)
CIN 4.28 */(48)
GLF 4.93 */(49) */(50) 3.49 */(1)
KCM 4.06 */(51) 3.14 */(2)
LOS 7.90 */(11) */A
MEM 4.38 */(52)
MIN 7.25 */(12) */B 3.82 */(53) 2.94 */(3) */(4)
*/(5)
PNW 7.55 */(13) */C 5.28 */(54) */(55) 3.41 */(6) */(7)
TKO 4.21 */(56) */(57)
TOL 4.03 */(58)
WCD 7.95 */(14) */D 5.57 */(59) 4.79 */(8) */(9)
*/(10)
DURUM DISCOUNTS
*/A LOS DISCOUNT ($-0.55) FOR AMBER DURUM AND ($-1.30) FOR DURUM
*/B MIN DISCOUNT ($-0.95) FOR AMBER DURUM AND ($-1.65) FOR DURUM
*/C PNW DISCOUNT ($-0.95) FOR AMBER DURUM AND ($-1.70) FOR DURUM
*/D WCD DISCOUNT ($-0.55) FOR AMBER DURUM AND ($-1.30) FOR DURUM
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 10/23/2020
COMMODITIES
Oats (BU) Soybeans (BU) Grain Sorghum (CWT)
MARKET OAT YSB SOR
CIN 10.89 */(60) 9.74 */(31)
GLF 11.63 */(61) */(62) 10.66 */(32)
*/(63) */(64)
*/(65)
KCM 10.44 */(66)
MEM 10.99 */(67) 6.73 */(33)
MIN 3.39 */(29) 10.24 */(68) */(69)
NCD 9.04 */(34)
PNW 3.62 */(30) 12.14 */(70)
SCD 8.59 */(35)
TKO 10.84 */(71)
TOL 10.62 */(72)
WCD 10.61 */(36)
COMMODITIES
BRL - Barley
HAD - Durum
HRS - Hard Red Spring
HRW - Hard Red Winter
OAT - Oats
SOR - Sorghum
SRW - Soft Red Winter
SWW - Soft White Wheat
YC - Yellow Corn
YSB - Yellow Soybeans
MARKET REGIONS
MIN - Minnesota Marketing Area
PNW - Pacific Northwest
WCD - West Coast Domestic
KCM - Kansas City Marketing Area
GLF - Gulf Marketing Area
LOS - Los Angeles, CA
AMA - Amarillo, TX
SCD - South Central Domestic
CIN - Cincinnati, OH
NCD - North Central Domestic
MEM - Memphis, TN
TOL - Toledo, OH
EVN - Evansville, IN
TKO - Decatur, IL
****NOTE CHANGES TO DIFFERENTIAL INFORMATION EFFECTIVE 10/23/2020 *****
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 -0.10 cents/bu (Effective
3/12/2020)
(2) KCM BRL differentials add -0.10 cents/bu (Effective
3/12/2020)
(3) MIN BRL differentials in WY add -0.02 cents/bu (Effective
7/31/2017)
(4) MIN BRL differentials in MT add 0.00 cents/bu (Effective
6/25/2020)
(5) MIN BRL differentials add 0.05 cents/bu (Effective
3/12/2020)
(6) PNW BRL differentials in MT add -0.06 cents/bu (Effective
2/15/2013)
(7) PNW BRL differentials add 0.07 cents/bu (Effective
3/18/2020)
(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 -0.80 cents/bu (Effective
3/18/2020)
(11) LOS HAD differentials add -0.55 cents/bu (Effective
1/13/2020)
(12) MIN HAD differentials add -0.53 cents/bu (Effective
3/23/2020)
(13) PNW HAD differentials add -0.40 cents/bu (Effective
8/14/2020)
(14) WCD HAD differentials add -0.55 cents/bu (Effective
1/13/2020)
(15) MIN HRS differentials add -0.65 cents/bu (Effective
10/15/2020)
(16) PNW HRS differentials add -0.44 cents/bu (Effective
9/28/2020)
(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 NE add -0.05 cents/bu (Effective
7/17/2018)
(20) GLF HRW differentials in OK add 0.00 cents/bu (Effective
7/17/2018)
(21) GLF HRW differentials in CO add 0.00 cents/bu (Effective
5/6/2020)
(22) GLF HRW differentials add -0.75 cents/bu (Effective
10/2/2020)
(23) KCM HRW differentials add -0.77 cents/bu (Effective
10/8/2020)
(24) MIN HRW differentials in SD add 0.00 cents/bu (Effective
9/21/2017)
(25) MIN HRW differentials add -0.63 cents/bu (Effective
9/30/2020)
(26) PNW HRW differentials add -0.83 cents/bu (Effective
10/14/2020)
(27) WCD HRW differentials in CA add 0.00 cents/bu (Effective
6/25/2020)
(28) WCD HRW differentials add -1.08 cents/bu (Effective
10/14/2020)
(29) MIN OAT differentials add -0.39 cents/bu (Effective
9/22/2020)
(30) PNW OAT differentials add -0.49 cents/bu (Effective
8/27/2020)
(31) CIN SOR differentials add -0.35 cents/cwt (Effective
7/8/2020)
(32) GLF SOR differentials add -0.65 cents/cwt (Effective
9/18/2020)
(33) MEM SOR differentials add 0.00 cents/cwt (Effective
3/26/2019)
(34) NCD SOR differentials add 0.00 cents/cwt (Effective
4/23/2020)
(35) SCD SOR differentials add 0.00 cents/cwt (Effective
10/8/2019)
(36) WCD SOR differentials add -0.09 cents/cwt (Effective
10/13/2020)
(37) CIN SRW differentials add 0.00 cents/bu (Effective
9/3/2020)
(38) EVN SRW differentials add 0.00 cents/bu (Effective
8/27/2020)
(39) GLF SRW differentials add -0.29 cents/bu (Effective
10/15/2020)
(40) KCM SRW differentials add -0.03 cents/bu (Effective
10/7/2020)
(41) MEM SRW differentials add -0.07 cents/bu (Effective
7/30/2020)
(42) TOL SRW differentials add 0.19 cents/bu (Effective
10/22/2020)
(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 -0.30 cents/bu (Effective
9/22/2020)
(48) CIN YC differentials add -0.27 cents/bu (Effective
10/15/2020)
(49) GLF YC differentials in MN add 0.00 cents/bu (Effective
6/25/2020)
(50) GLF YC differentials add -0.53 cents/bu (Effective
10/23/2020)
(51) KCM YC differentials add -0.05 cents/bu (Effective
9/14/2020)
(52) MEM YC differentials add -0.23 cents/bu (Effective
10/1/2020)
(53) MIN YC differentials add 0.00 cents/bu (Effective
8/19/2020)
(54) PNW YC differentials in ND add 0.00 cents/bu (Effective
6/25/2020)
(55) PNW YC differentials add -0.70 cents/bu (Effective
10/15/2020)
(56) TKO YC differentials in WI add -0.02 cents/bu (Effective
7/29/2020)
(57) TKO YC differentials add -0.05 cents/bu (Effective
10/23/2020)
(58) TOL YC differentials add 0.00 cents/bu (Effective
10/23/2020)
(59) WCD YC differentials add -0.84 cents/bu (Effective
7/30/2020)
(60) CIN YSB differentials add -0.34 cents/bu (Effective
10/20/2020)
(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 -0.73 cents/bu (Effective
10/23/2020)
(66) KCM YSB differentials add -0.13 cents/bu (Effective
10/8/2020)
(67) MEM YSB differentials add -0.43 cents/bu (Effective
9/17/2020)
(68) MIN YSB differentials in WI add 0.04 cents/bu (Effective
7/31/2020)
(69) MIN YSB differentials add 0.07 cents/bu (Effective
10/19/2020)
(70) PNW YSB differentials add -1.12 cents/bu (Effective
10/1/2020)
(71) TKO YSB differentials add -0.33 cents/bu (Effective
9/15/2020)
(72) TOL YSB differentials add -0.20 cents/bu (Effective
9/9/2020)
MINOR OILSEEDS
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (ET)
10/23/2020 ALL PRICES PER CWT.
MARKET CAN CRA RAP FLX MUS SAF SEM SUN
ARL 16.92
AUG 16.92
CAR 17.58
COL 19.00
COR 19.00
FAR 18.93 17.60
GFK 26.00
GLD 18.60
GRF 22.00 16.07 26.00
PAR 20.00
RDW 18.12 21.43
RIC 19.00
VEL 18.27
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)
10/23/2020. ALL PRICES PER CWT.
MARKET CHL CHK LEN PEA
USP 18.38 14.38 16.80 7.70
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
MARKETING LOAN GAIN/LOAN DEFICIENCY PAY RATE (LDP) Effective 12:01 a.m.
Eastern Time, Friday, 10/23/20,
through midnight Eastern Time, Thursday, 10/29/20:
AWP = 55.71 cents per pound
FCA 2019 crop = 0.44 cents per pound
FCA 2020 crop = 0.39 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, CCA, and LDP announcement will be at 4:00
p.m.Eastern Time, Thursday, 10/29/20.
The following world prices of rice are effective from 10/21/20 at
7:00 am eastern time until the next announcement occurs. The next
price announcement is scheduled for 10/28/20 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
_____________________________________________________________________
.
2019 CROP
. World Loan Market
World Loan . Market Gain and
Price Rate . Index LDP Rate
----Cents/Pound---- . ---$/Hundredweight---
.
Long 16.91 11.09 . 14.91 0.00
Med/Short 16.57 10.50 . 14.72 0.00
Broken 10.73 6.11 . na na
_____________________________________________________________________
.
2020 CROP . World Loan Market
World Loan . Market Gain and
Price Rate . Index LDP Rate
----Cents/Pound---- . ---$/Hundredweight---
.
Long 16.98 11.10 . 14.94 0.00
Med/Short 16.67 10.45 . 14.67 0.00
Broken 10.77 6.45 . na na
_____________________________________________________________________
The above prices are based on the following loan rates, world prices
and milling yields per hundredweight of rough rice:
2019 CROP
Loan Rate World Price . Whole/Broken Yield
------ $/Cwt ------ . (Pounds/Cwt)
.
Long 6.86 10.68 . 53.46/15.26
Med/Short 7.16 11.38 . 63.50/8.00
2020 CROP
Loan Rate World Price . Whole/Broken Yield
------ $/Cwt ------ . (Pounds/Cwt)
.
Long 7.00 10.84 . 54.76/14.31
Med/Short 7.00 11.22 . 61.12/9.55
DTN Weather Trend Indicators 10/23 09:04
DTN Weather Trend Indicators 10/23 09:04 Weather Indicator status values are: Corn=Neutral Soybeans=Down Wheat=Up LEGEND: The indicator choices are: Corn, Soybeans, Wheat The status choices are: Up, Down, Neutral For example: Corn=Neutral
Cotton AWP/LDP 10/23 10:18
Cotton AWP/LDP 10/23 10:18
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 2019.00 2020 CCA LDP
Date Price Price Price Adj | Price Crop** Crop**
10/23/20 76.57 74.96 77.52 19.25 | 55.71 0.44 0.39 0.00 0.00
10/16/20 74.40 72.68 75.27 19.25 | 53.43 0.33 0.28 0.00 0.00
10/09/20 72.41 70.73 73.27 19.25 | 51.48 0.37 0.32 0.00 0.52
10/02/20 71.55 69.92 72.53 19.25 | 50.67 0.42 0.37 0.00 1.33
09/25/20 71.37 69.70 72.37 19.25 | 50.45 0.38 0.33 0.00 1.55
**Fine Count Adjustment cannot be less than zero.
NA = not available.
DTN Midday Grain Comments 10/23 11:05
DTN Midday Grain Comments 10/23 11:05 Grains Mixed at Midday Corn is flat to 1 cents higher, soybeans are 3 to 5 cents lower, and wheat is 4 to 9 cents higher. David M. Fiala DTN Contributing Analyst The U.S. stock market is weaker with the Dow down 65. The dollar index is 7 points lower. Interest rate products are mixed. Energies are flat with crude down $0.15. Livestock trade is mixed. Precious metals are weaker with gold down $3.30. CORN Corn trade is flat to 1 cent higher at midday with steady spread action up front as we stay near the fresh highs. The export wire showed 100,000 metric tons sold to unknown. Ethanol margins remain under pressure with corn values elevated as ethanol retains its premium to unleaded. Basis will likely remain solid with rains slowing harvest along with the upfront demand. On the December contract resistance is the fresh high at $4.19 3/4 with support the 20-day at $3.92. SOYBEANS Soybean trade is 3 to 5 cents lower at midday with light two-sided action so far with trade pulling back from the fresh highs scored earlier in the week with the export market quiet. Meal is $1.50 to $2.50 lower and oil is flat to 10 points lower. Brazil should continue to make planting progress with the better rains short term, while Argentina continues to remain slow in moving soybeans to crushers. Basis remains strong as we continue to work to max out our logistics capacity to ship the needed export bushels. The export wire was quiet today. The November chart has resistance at the fresh high at 10.85 1/4 with support the 20-day at 10.43. WHEAT Wheat trade is 4 to 8 cents higher at midday with winter wheat trade leading as we try to find buying again after lower closes the last two days with firmer spread trade overall. The ruble action continues to favor Russia a bit in the export markets but their domestic prices are now elevated with growing winter kill concerns, along with too much rain in Australia as harvest starts. Middle East buyers are becoming more active with tenders as well. Kansas City is at a 65-cent discount to Chicago with spreads backing off the recent highs, while Minneapolis is back to 52 cent discount with very active spread action. Rains look to be more wide spread for U.S. growing areas over the next seven-10 days. Kansas City December chart resistance is the fresh high at $5.79 1/2, and support is the 20-day at $5.35. 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 (c) Copyright 2020 DTN, LLC. All rights reserved.
DTN Closing Grain Comments 10/23 13:52
DTN Closing Grain Comments 10/23 13:52 Grains Finish Higher Friday; More Demand Anticipated Active contracts of corn, soybeans and all three wheats closed higher Friday with strong demand expectations for corn and soybeans. Wheat prices also got help from the anticipation of sub-freezing temperatures coming to the Southern Plains this weekend.
FARM MARKET NEWS - CORN REPORT FOR Fri, October 23
FARM MARKET NEWS - CORN REPORT FOR Fri, October 23
Exchange rate was 1.3141 up 0.0001
Chicago corn closed mixed.
DEC20 HI 4.20 DEC21 HI 3.96 3/4
LOW 4.14 LOW 3.93 1/4
CLOSE4.19 1/4 Up 3 CLOSE 3.94 Down 2 1/2
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +DEC20+MAR21+MAR21
CK Low 1.20 5.39 212.29 0.90 4.84 190.54
CK High 1.20 5.39 212.29 0.90 4.84 190.54
CK Avg 1.20 -0.09 5.39 212.29 0.90 -0.26 4.84 190.54
Essex Cty 1.20 5.39 212.29 0.90 4.84 190.54
Mdsx Low 1.20 5.39 212.29 0.90 4.84 190.54
Mdsx High 1.20 5.39 212.29 0.90 4.84 190.54
Mdsx Avg 1.20 -0.09 5.39 212.29 0.90 -0.26 4.84 190.54
Hensall 1.22 5.41 212.95 0.88 4.82 189.89
Bruce 1.20 5.39 212.29 0.85 4.79 188.57
Putnam 1.20 5.39 212.29 0.90 4.84 190.54
Burford 1.20 5.39 212.29 0.90 4.84 190.54
Port Perry 1.35 5.54 218.20 0.95 4.89 192.51
Norfolk 1.20 5.39 212.29 0.90 4.84 190.54
Palmerston 1.16 5.35 210.72 0.84 4.78 188.18
Varna 1.20 5.39 212.29 0.85 4.79 188.57
Trenton 1.35 5.54 218.20 0.95 4.89 192.51
Winchester 1.55 5.74 226.07 1.25 5.19 204.32
North Gower 1.46 5.65 222.53 1.28 5.22 205.50
Vankleek Hil 1.44 5.63 221.74 1.07 5.01 197.23
Huron FOB 1.31 1.31 1.38 1.43 5.50 216.62N/A
Kent FOB N/A 0.95 4.89 192.51
Lamb FOB N/A 1.00 4.94 194.48
Mdsx FOB 1.30 1.30 1.40 1.45 5.49 216.23N/A
FOB SW Que 1.66 5.85 230.40N/A
Track 1.62 5.81 228.83N/A
PROCESSORS
Chat-Eth N/A N/A 1.55 1.57 1.18 5.12 201.57
Jhnstwn-Eth N/A N/A 1.57 1.64 1.38 5.32 209.44
Aylmer-Eth N/A 1.60 1.60 1.60 1.20 5.14 202.35
Sarn-Eth N/A 1.40 1.45 1.50 N/A
London-Ing N/A 1.60 1.65 1.65 1.25 5.19 204.32
Pt.Colb-Ing N/A N/A N/A N/A N/A
Cardnl-Ing N/A 1.70 1.65 1.65 1.35 5.29 208.26
W O Feed 1.84 6.03 237.57
US Rep 1.97 6.16 242.61
Toledo El. -0.20 4.00 157.29 -0.26 3.68 144.77
TRANSFER
Pt. Colb 1.70 5.89 231.98 1.00 4.94 194.48
Prescott 1.70 5.89 231.98 1.42 5.36 211.01
HI SD CRN 1.20 5.39 1/4
*Wet Bid
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, October 23
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, October 23
Exchange rate was 1.3141 up 0.0001
Chicago soybeans closed slightly higher.
NOV20 HI 10.88 1/2 NOV21 HI 9.86 3/4
LOW 10.65 3/4 LOW 9.74 1/4
CLOSE10.83 3/4 Up 10 CLOSE 9.82 3/4 Up 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +NOV20+JAN21+JAN21
CK Low 2.75 13.59 499.26 2.42 12.25 450.02
CK High 2.85 13.69 502.93 2.45 12.28 451.12
CK Average 2.82 -0.44 13.66 501.95 2.45 -0.49 12.27 450.94
Essex Cty 2.75 13.59 499.26 2.45 12.28 451.12
Mdsx Low 2.86 13.70 503.30 2.43 12.26 450.39
Mdsx High 2.87 13.71 503.66 2.45 12.28 451.12
Mdsx Average2.87 -0.41 13.70 503.48 2.44 -0.49 12.27 450.75
Hensall 2.89 13.73 504.40 2.48 12.31 452.35
Bruce 2.85 13.69 502.93 2.50 12.33 452.96
Putnam 2.87 13.71 503.66 2.45 12.28 451.12
Burford 2.93 13.77 505.87 2.50 12.33 452.96
Port Perry 2.85 13.69 502.93 2.42 12.25 450.02
Norfolk 2.85 13.69 502.93 2.45 12.28 451.12
Palmerston 2.91 13.75 505.13 2.49 12.32 452.59
Varna 2.90 13.74 504.77 2.50 12.33 452.96
Trenton 2.80 13.64 501.09 2.45 12.28 451.12
Winchester 3.00 13.84 508.44 2.63 12.46 457.73
North Gower 2.92 13.76 505.50 2.58 12.41 455.90
Vankleek Hil2.92 13.76 505.50 2.46 12.29 451.49
Huron FOB 3.09 3.22 3.22 2.96 13.93 511.75 N/A
Kent FOB 2.85 13.69 502.93 2.45 12.28 451.12
Lambton FOB 2.95 13.79 506.60 2.40 12.23 449.28
Mdsx FOB 2.95 3.14 3.14 2.94 13.79 506.60 2.52 12.35 453.69
PROCESSORS
Windsor 3.01 13.85 508.81 2.60 12.43 456.63
TRANSFER
Hamilton 3.35 14.19 521.30 2.85 12.68 465.82
Prescott 3.12 13.96 512.85 2.82 12.65 464.72
Port Colborn3.42 14.26 523.87 N/A
Toledo El. -0.16 10.68 392.42 -0.46 9.37 344.20
Exchange rate was 1.3141 up 0.0001
Chicago wheat closed slightly to moderately higher.
DEC20 HI 6.35 1/2 JUL21 HI 6.19 1/2
LOW 6.19 1/2 LOW 6.09 1/2
CLOSE 6.32 3/4 Up 10 CLOSE 6.18 Up 5
Minni wheat closed slightly higher.
DEC20 HI 5.81 3/4 SEP21 HI 5.95
LOW 5.72 1/2 LOW 5.89 3/4
CLOSE 5.77 1/2 Up 3 CLOSE 5.94 Up 2 1/2
GFO Cash Wheat Prices - DEL Terminal
Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.53 1.72 1.53 1.35
CAD $/bu 7.85 8.05 7.85 7.13
CAD $/tonne 288.61 295.86 288.61 261.94
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 1.10 N/A N/A N/A 1.15 N/A
London 1.31 1.37 1.11 N/A 1.59 1.59 1.14 N/A
Hensall 1.35 N/A 1.10 N/A 1.40 N/A 1.15 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.20 N/A
Bruce 1.10 1.25 1.10 1.25 1.25 1.35 1.15 1.05
Essex N/A N/A 1.10 N/A N/A N/A 1.15 N/A
Norwich 1.35 N/A 1.10 N/A 1.40 N/A 1.15 N/A
Port Hope N/A N/A 1.10 N/A N/A N/A 1.15 N/A
Kent Bridge 1.35 N/A 1.10 N/A 1.40 N/A 1.15 N/A
Chatham N/A N/A 1.10 N/A N/A N/A 1.15 N/A
Brigden N/A N/A 1.10 N/A N/A N/A 1.20 N/A
Palmerston N/A 1.39 1.13 1.22 N/A 1.50 1.17 0.94
Varna 1.15 1.30 1.10 N/A 1.35 1.40 1.15 N/A
Mitchell 1.35 1.40 1.10 N/A 1.40 1.45 1.15 N/A
Thornton N/A N/A N/A 1.73 N/A N/A N/A N/A
North Gower N/A 1.35 1.20 0.95 N/A 1.62 1.37 0.90
W O Feed 1.77
TERMINAL
Port Colbor N/A N/A 1.70 N/A N/A N/A 1.57 N/A
PROCESSORS
Toledo FM N/A N/A 1.99 N/A N/A N/A 2.07 N/A
Toledo El. 6.13US 8.05CA 6.13US 8.05CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 21 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.66 1.79 1.49 1.08
CAD $/bu 7.84 7.97 7.67 7.02
CAD $/tonne 288.18 293.00 281.90 257.77
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 596.80
DDG's FOB Srn & Aylm 250.00 - 275.00
DTN National HRS Index 10/23
