Portland Grain Review 08/22
August 22, 2019
Portland Price Trends
08-01-18 01-01-19 07-01-19 08-15-19 08-22-19
#1 SWW (bu) 6.05 6.15 6.00 5.85 5.75
White Club 6.05 6.15 6.00 5.85 5.75
DNS 14% 7.08 6.59 6.24 5.84 5.80
HRW 11.5% 6.89 6.39 5.59 5.08 5.23
#2 Corn (ton) 160.00 168.00 182.00 167.00 163.00
#2 Barley 140.00 140.00 140.00 140.00 140.00
Wheat..West coast wheat markets saw further drift this week against a
weaker futures complex. Lower prices did improve export demand over the
past week and hard red winter has seen basis strengthen 15 cents in spot
delivery months over the past week.
Weekly Sales...USDA reported an improved pace of export demand for U.S.
wheat last week, coming in 20% above the four-week average to put overall
sales at 383 mb; 22% ahead of a year ago but 1% behind the 5-year average
pace. Top seller was hard red winter with 8.9 mb, putting sales at 148 mb,
which is 64% ahead of a year ago and 14% ahead of average. Red spring saw
6.8 mb in new business to put sales at 103 mb, standing 7% ahead of a year
ago but 12% behind average. Soft white garnered 2.4 mb and with 67 mb sets
17% behind a year ago and 14% below average.
Top Buyers...Mexico registered as top buyer for the week with 4.2 mb in
purchases, followed by Guatemala and Thailand with 2.2 mb each. Rounding
out the top five were Peru with 1.9 mb and Taiwan with 1.7 mb.
-Norm Ruhoff Contributing Analyst
Copyright 2019 DTN/Telvent. All Rights Reserved.
USDA Daily Market Rates 08/23 06:48
USDA Daily Market Rates 08/23 06:48
DAILY MARKET RATES(GRAIN/MISCELLANEOUS COMMODITIES)
Effective: August 23, 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.) 08/23/2019
COMMODITIES
Wheat (BU) Wheat (BU) Wheat (BU) Wheat
(BU)
MARKET HRW HRS SRW SWW
AMA 3.83 */(17)
CIN 4.67 */(37)
EVN 4.62 */(38)
GLF 5.18 */(18) */(19) 5.27 */(39)
*/(20) */(21)
KCM 4.88 */(23) 4.67 */(40)
MEM 4.67 */(41)
MIN 4.83 */(24) */(25) 5.64 */(15)
PNW 5.13 */(26) 5.63 */(16) 5.79
*/(43) */(44)
TOL 4.92 */(42) 4.92
*/(45)
WCD 5.13 */(27) */(28) 5.64
*/(46)
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 08/23/2019
COMMODITIES
Wheat (BU) Corn (BU) Barley (BU)
MARKET HAD YC BRL
AMA 4.03 */(47)
CIN 3.98 */(48)
GLF 3.93 */(49) */(50) 3.50 */(1)
KCM 3.78 */(51) 3.15 */(2)
LOS 6.65 */(11) */C
MEM 3.53 */(52)
MIN 6.30 */(12) */B 3.24 */(53) 2.95 */(3) */(4)
*/(5)
PNW 6.30 */(13) */A 4.53 */(54) */(55) 3.59 */(6) */(7)
TKO 3.91 */(56) */(57)
TOL 4.03 */(58)
WCD 6.70 */(14) */D 4.96 */(59) 5.02 */(8) */(9)
*/(10)
DURUM DISCOUNTS
*/A PNW DISCOUNT ($-0.95) FOR AMBER DURUM AND ($-1.20) FOR DURUM
*/B MIN DISCOUNT ($-0.95) FOR AMBER DURUM AND ($-1.20) FOR DURUM
*/C LOS DISCOUNT ($-0.55) FOR AMBER DURUM AND ($-0.80) FOR DURUM
*/D WCD DISCOUNT ($-0.55) FOR AMBER DURUM AND ($-0.80) FOR DURUM
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 08/23/2019
COMMODITIES
Oats (BU) Soybeans (BU) Grain Sorghum (CWT)
MARKET OAT YSB SOR
CIN 8.60 */(60) 6.10 */(31)
GLF 9.02 */(61) */(62) 7.02 */(32)
*/(63) */(64)
KCM 8.29 */(66)
MEM 8.56 */(67) 5.68 */(33)
MIN 3.15 */(29) 8.11 */(68) */(69)
NCD 5.84 */(34)
PNW 3.40 */(30) 9.19 */(70)
SCD 6.22 */(35)
TKO 8.54 */(71)
TOL 8.49 */(72)
WCD 8.68 */(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 08/23/2019 *****
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 0.14 cents/bu (Effective 8/22/2019)
(2) KCM BRL differentials add 0.14 cents/bu (Effective 8/22/2019)
(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 0.28 cents/bu (Effective 8/22/2019)
(6) PNW BRL differentials in MT add -0.06 cents/bu (Effective 2/15/2013)
(7) PNW BRL differentials add 0.15 cents/bu (Effective 8/16/2019)
(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 -0.75 cents/bu (Effective 8/16/2019)
(11) LOS HAD differentials add -0.40 cents/bu (Effective 6/13/2018)
(12) MIN HAD differentials add -0.58 cents/bu (Effective 6/13/2018)
(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 -0.77 cents/bu (Effective 8/20/2019)
(16) PNW HRS differentials add -0.47 cents/bu (Effective 8/19/2019)
(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 -0.62 cents/bu (Effective 7/2/2019)
(23) KCM HRW differentials add -0.95 cents/bu (Effective 7/18/2019)
(24) MIN HRW differentials in SD add 0.00 cents/bu (Effective 9/21/2017)
(25) MIN HRW differentials add -0.67 cents/bu (Effective 7/3/2019)
(26) PNW HRW differentials add -0.70 cents/bu (Effective 7/29/2019)
(27) WCD HRW differentials in CA add 0.03 cents/bu (Effective 8/22/2016)
(28) WCD HRW differentials add -0.97 cents/bu (Effective 7/29/2019)
(29) MIN OAT differentials add -0.30 cents/bu (Effective 8/19/2019)
(30) PNW OAT differentials add -0.47 cents/bu (Effective 7/1/2019)
(31) CIN SOR differentials add -0.43 cents/cwt (Effective 8/8/2019)
(32) GLF SOR differentials add -0.86 cents/cwt (Effective 8/22/2019)
(33) MEM SOR differentials add 0.00 cents/cwt (Effective 3/26/2019)
(34) NCD SOR differentials add -0.25 cents/cwt (Effective 8/19/2019)
(35) SCD SOR differentials add -0.28 cents/cwt (Effective 8/19/2019)
(36) WCD SOR differentials add -1.74 cents/cwt (Effective 7/29/2019)
(37) CIN SRW differentials add -0.05 cents/bu (Effective 8/15/2019)
(38) EVN SRW differentials add 0.09 cents/bu (Effective 8/12/2019)
(39) GLF SRW differentials add -0.36 cents/bu (Effective 8/8/2019)
(40) KCM SRW differentials add 0.05 cents/bu (Effective 8/12/2019)
(41) MEM SRW differentials add -0.25 cents/bu (Effective 7/16/2019)
(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 -0.10 cents/bu (Effective 8/5/2019)
(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 -0.31 cents/bu (Effective 8/15/2019)
(49) GLF YC differentials in MN add 0.00 cents/bu (Effective 8/2/2019)
(50) GLF YC differentials add 0.03 cents/bu (Effective 8/22/2019)
(51) KCM YC differentials add -0.14 cents/bu (Effective 7/2/2019)
(52) MEM YC differentials add -0.13 cents/bu (Effective 7/23/2019)
(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 -0.34 cents/bu (Effective 8/8/2019)
(56) TKO YC differentials in WI add -0.03 cents/bu (Effective 4/3/2018)
(57) TKO YC differentials add -0.19 cents/bu (Effective 7/30/2019)
(58) TOL YC differentials add -0.38 cents/bu (Effective 7/9/2019)
(59) WCD YC differentials add -0.80 cents/bu (Effective 6/18/2019)
(60) CIN YSB differentials add -0.38 cents/bu (Effective 8/20/2019)
(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 -0.55 cents/bu (Effective 8/22/2019)
(66) KCM YSB differentials add -0.18 cents/bu (Effective 8/12/2019)
(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 -0.20 cents/bu (Effective 8/20/2019)
(70) PNW YSB differentials add -0.65 cents/bu (Effective 8/22/2019)
(71) TKO YSB differentials add -0.33 cents/bu (Effective 8/20/2019)
(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)
08/23/2019 ALL PRICES PER CWT.
MARKET CAN CRA RAP FLX MUS SAF SEM SUN
ARL 12.93
AUG 12.93
CAR 13.59
COL 19.00
COR 19.00
FAR 16.61 18.53
GFK 25.00
GLD 17.55
GRF 22.00 16.96 25.00
PAR 20.00
RDW 14.13 16.96
RIC 19.00
VEL 14.28
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)
08/23/2019. ALL PRICES PER CWT.
MARKET CHL CHK LEN PEA
USP 16.50 11.50 14.80 8.60
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, 08/23/19, through
midnight Eastern Time, Thursday, 08/29/19:
AWP = 52.57 cents per pound
FCA 2018 crop = 0.11 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, 08/29/19.
The following world prices of rice are effective from 08/21/19 at
7:00 am eastern time until the next announcement occurs. The next
price announcement is scheduled for 08/28/19 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---- . ---$/Hundredweight---
.
Long 13.75 10.08 . 12.35 0.00
Med/Short 13.24 9.67 . 12.13 0.00
Broken 8.29 6.14 . na na
_____________________________________________________________________
.
2019 CROP . World Loan Market
World Loan . Market Gain and
Price Rate . Index LDP Rate
----Cents/Pound---- . ---$/Hundredweight---
.
Long 14.40 11.09 . 13.28 0.00
Med/Short 14.06 10.50 . 12.92 0.00
Broken 8.69 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 8.53 . 53.56/14.05
Med/Short 6.68 9.14 . 64.00/8.00
2019 CROP
Loan Rate World Price . Whole/Broken Yield
------ $/Cwt ------ . (Pounds/Cwt)
.
Long 7.00 9.19 . 55.55/13.69
Med/Short 7.00 9.42 . 61.11/9.51
DTN Early Word Grains 08/23 05:57
DTN Early Word Grains 08/23 05:57 Grains Mixed as Price Limps into Weekend December corn is down 2 1/4 cents per bushel, November soybeans are up 1 1/2 cents, and December K.C. wheat is up 1/4 cents. By Todd Hultman DTN Lead Analyst 6:00 a.m. CME Globex: December corn is down 2 1/4 cents per bushel, November soybeans are up 1 1/2 cents, and December K.C. wheat is up 1/4 cents. CME Globex Recap: Mostly higher global equity markets overnight as the U.S. continues its recovery from the early August meltdown. Investors were counting on the Federal Reserve to provide another rate cut at its September meeting following one at its August meeting, but comments from Fed officials surrounding the Jackson Hole symposium seem to suggest opinions are much more split about further cuts. Grains are mixed on the final trading session of the week with most contracts carrying losses into the weekend. The Ag space has witnessed lower weekly closes in five of the last six weeks, bringing prices down to the spring lows before any of the late-planting premium was added. Bulls desperately need to see signs of fresh demand at this lower price structure to avoid further losses. Regardless of how small this crop is, there will be no shortage of grain anywhere in the United States on November 1. What the producer chooses to sell vs. store at harvest will have a big impact on cash and spreads, signals the market will need in coming weeks. OUTSIDE MARKETS: Previous closes Thursday showed the Dow Jones Industrial Average up 49.51 at 26,252.24 and the S&P 500 down 1.48 at 2,924.43 while the 10-Year Treasury yield ended at 1.61%. Early Friday, the September DJIA futures are up 89 points. Asian markets are higher with Japan's Nikkei 225 up 82.9 (0.4%) and China's Shanghai Composite up 13.99 points (0.49%). European markets are higher with London's FTSE 100 up 54.04 points (0.76%), Germany's DAX up 61.46 points (0.52%) and France's CAC 40 up 31.11 points (0.58%). The September Euro is down 0.002 at 1.110 and the September U.S. dollar index is up 0.206 at 98.270. The September 30-Year T-Bond is down 23/32nds, while December gold is down $2.90 at $1,505.60 and October crude oil is down $0.06 at $55.29. Soybeans on China's Dalian Exchange were up 0.53% while soybean meal was up 1.03%.
DTN Weather Trend Indicators 08/23 09:54
DTN Weather Trend Indicators 08/23 09:54
Weather Indicator status values are:
Corn=Down
Soybeans=Down
Wheat=Down
LEGEND:
The indicator choices are: Corn, Soybeans, Wheat
The status choices are: Up, Down, Neutral
For example: Corn=Neutral
(ES)
DTN Midday Grain Comments 08/22 11:03
DTN Midday Grain Comments 08/22 11:03 Corn, Beans Lower at Midday Broad selling at midday except for wheat. By David Fiala DTN Contributing Analyst General Comments The U.S. stock market indices are weaker with the Dow 380 lower. The dollar index is 40 points lower. Interest rate products are lower. Energies are weaker with crude down 1.50. Livestock trade is sharply lower. Precious metals are mixed with gold 27.30 higher. CORN Corn is 3 to 4 cents lower with choppy trade continuing amid fresh intensification of the trade war. Weather should continue to remain a short-term non-issue with continued cool weather the biggest concern at this point. Ethanol margins remain poor with blenders in the best position currently, with more plants likely to be idled with rumors of the refinery waivers to be reversed again refuted. Basis remains mixed overall with harvest getting closer. On the September nearby chart support is likely the $3.57 1/2 low with the lower Bollinger Band at $3.47 below that with resistance the 10-day at $3.65. SOYBEANS Soybean trade is 8 to 11 cents lower with early buying disappearing again with trade slipping further into the lower end of the range amid the trade war intensification. Meal is 2.00 to 3.00 lower, and oil is 15 to 25 points lower. Crush margins remain positive overall, with oil staying towards the upper end of the range, and meal finding support at $2.90. Basis remains flat overall. The Brazilian real is at the lows again with the dollar strength, ensuring strong prices to domestic producers there, even with the midday dollar reversal. The weather looks to be a short-term non-issue for soybeans as well coming forward. The trade situation remains little changed as well. September chart support is the lower Bollinger band at $8.41, with the next round up the 10-day $8.61 which we tested again today. WHEAT Wheat trade is narrowly mixed at midday with trade seeing light choppy action after the strong finish yesterday. The Kansas City/Chicago spread is at 78 after a high of 90 cents last week and a low of 71 cents this week with Kansas City gaining slightly overnight. The corn/HRW spread is wider, back to 31 cents. Kansas City wheat is now back to competitive on the world market trading as well as into feed rations, although that has faded in recent days. Spring wheat harvest should expand with winter wheat just about wrapped up, with Europe progressing as well. The dollar remains near the upper end of the range, limiting upside potential. The September Kansas City chart support is the new low at 3.80 3/4 with the first resistance the 10-day at $3.89 which we are just above at midday, and the 20-day at $4.06. 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.
Cotton AWP/LDP 08/23 13:02
Cotton AWP/LDP 08/23 13:02
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**
08/23/19 71.91 69.82 68.50 17.25 | 52.57 0.11 0.00 0.00 0.00
08/16/19 71.50 69.47 68.15 17.25 | 52.22 0.17 0.02 0.00 0.00
08/09/19 71.97 69.92 N/A 17.25 | 52.67 0.15 0.00 0.00 0.00
08/02/19 76.66 74.20 69.98 17.24 | 56.96 0.00 0.00 0.00 0.00
07/26/19 75.88 73.31 68.89 17.24 | 56.07 0.00 0.00 0.00 0.00
**Fine Count Adjustment cannot be less than zero.
NA = not available.
DTN Closing Grain Comments 08/23 13:45
DTN Closing Grain Comments 08/23 13:45 China Retaliates; Soybeans, Other Commodities Mostly Lower Friday's trading in grains was dominated by China's announcement of a new tariff on $75 billion of U.S. goods and by concerns as to how the U.S. will respond. Not only were November soybeans 12 1/4 cents lower and December corn 3 1/4 cents lower, most other commodities and U.S. stocks were also trading lower.
FARM MARKET NEWS - CORN REPORT FOR Fri, August 23
FARM MARKET NEWS - CORN REPORT FOR Fri, August 23
Bank of Canada Noon exchange rate was 1.3287 down 0.0006
Chicago corn closed slightly lower.
SEP19 HI 3.63 DEC19 HI 3.71 1/2
LOW 3.57 1/2 LOW 3.65 1/2
CLOSE3.59 3/4 Down 3 1/2 CLOSE 3.67 3/4 Down 3 1/4
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +DEC19+DEC19+DEC19
CK Low 1.95 5.55 218.40 1.25 4.93 193.99
CK High 2.00 5.60 220.36 1.30 4.98 195.96
CK Avg 1.96 0.58 5.56 218.72 1.28 0.07 4.96 195.30
Essex Cty 2.00 5.60 220.36 1.30 4.98 195.96
Mdsx Low 1.95 5.55 218.40 1.30 4.98 195.96
Mdsx High 1.95 5.55 218.40 1.30 4.98 195.96
Mdsx Avg 1.95 0.58 5.55 218.40 1.30 0.08 4.98 195.96
Hensall 1.95 5.55 218.40 1.33 5.00 196.94
Bruce 1.95 5.55 218.40 1.30 4.98 195.96
Putnam 1.95 5.55 218.40 1.30 4.98 195.96
Burford 1.95 5.55 218.40 1.30 4.98 195.96
Port Perry 1.95 5.55 218.40 1.30 4.98 195.96
Norfolk 2.00 5.60 220.36 1.30 4.98 195.96
Palmerston 1.80 5.40 212.49 1.30 4.98 195.96
Varna 1.90 5.50 216.43 1.30 4.98 195.96
Trenton 2.00 5.60 220.36 1.30 4.98 195.96
Winchester N/A 1.35 5.03 197.92
North Gower 1.55 5.15 202.65 1.40 5.08 199.89
Huron FOB 2.10 5.70 224.30 1.30 4.98 195.96
Kent FOB 2.15 5.75 226.27 1.35 5.03 197.92
Lamb FOB 2.10 5.70 224.30 1.35 5.03 197.92
Mdsx FOB 2.15N/A N/A N/A 5.75 226.27 1.30 4.98 195.96
FOB SW Que 2.68 6.28 247.13 1.33 5.01 197.14
Track 2.33 5.92 233.16N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A N/A
Jhnstwn-Eth N/A N/A N/A N/A N/A
Aylmer-Eth N/A N/A 2.25N/A N/A
Sarn-Eth N/A N/A N/A N/A 1.40 5.08 199.89
London-Ing N/A N/A 1.95N/A N/A
Pt.Colb-Ing N/A N/A N/A N/A N/A*
Cardnl-Ing N/A N/A 1.55 1.50 1.50 5.18 203.83
W O Feed 2.56 6.15 242.25
US Rep 2.54 6.14 241.62
Toledo El. 0.50 4.10 161.50 0.20 3.88 152.60
TRANSFER
Pt. Colb N/A 1.65 5.33 209.73
Prescott 2.05 5.65 222.33 1.50 5.18203 5/6
MID SD CRN 1.27 1/2 4.95 1/4
HI SD CRN 1.30 4.97 3/4
*Wet Bid
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, August 23
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, August 23
Exchange rate was 1.3287 down 0.0006
Chicago soybeans closed slightly to moderately lower.
NOV19 HI 8.72 NOV19 HI 8.72
LOW 8.55 LOW 8.55
CLOSE8.56 1/2 Down 12 1/4 CLOSE 8.56 1/2 Down 12 1/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt
ELEVATORS +NOV1+NOV1+NOV19
CK Low 2.19 10.76 395.182.05 10.62 390.03
CK High 2.25 10.82 397.382.10 10.67 391.87
CK Average 2.23 -0.4410.80 396.712.08 -0.5310.64 390.95
Essex Cty 2.25 10.82 397.382.10 10.67 391.87
Mdsx Low 2.12 10.69 392.612.03 10.60 389.30
Mdsx High 2.25 10.82 397.382.05 10.62 390.03
Mdsx Average 2.19 -0.4710.75 394.992.04 -0.5610.61 389.67
Hensall 2.28 10.84 398.302.08 10.64 390.95
Bruce 2.25 10.82 397.382.05 10.62 390.03
Putnam 2.25 10.82 397.382.05 10.62 390.03
Burford 2.17 10.74 394.442.08 10.65 391.14
Port Perry 2.14 10.71 393.342.05 10.62 390.03
Norfolk 2.25 10.82 397.382.10 10.67 391.87
Palmerston 2.25 10.82 397.382.05 10.62 390.03
Varna 2.25 10.82 397.382.05 10.62 390.03
Trenton 2.15 10.72 393.712.15 10.72 393.71
Winchester N/A 2.03 10.60 389.30
North Gower 2.00 10.57 388.202.18 10.75 394.81
Huron FOB 2.35 10.92 401.062.15 10.72 393.71
Kent FOB 2.35 10.92 401.062.10 10.67 391.87
Lambton FOB 2.15 10.72 393.712.25 10.82 397.38
Middlesex FOB2.51 2.51 N/A N/A 11.08 406.942.16 10.73 394.08
PROCESSORS
Windsor 2.55 11.12 408.412.35 10.92 401.06
TRANSFER
Hamilton 2.80 11.37 417.592.55 11.12 408.41
Prescott N/A 2.40 10.97 402.89
Port Colborne N/A N/A
Toledo El. -0.33 8.23 302.50-0.49 8.07 296.70
Exchange rate was 1.3287 down 0.0006
Chicago wheat closed slightly to moderately higher.
SEP19 HI 4.75 3/4 JUL20 HI 4.91 1/4
LOW 4.61 1/4 LOW 4.79 1/2
CLOSE 4.75 1/4 Up 8 CLOSE 4.90 1/2 Up 4 3/4
Minni wheat closed slightly higher.
SEP19 HI 4.99 1/4 SEP20 HI 5.57 1/2
LOW 4.97 LOW 5.54 1/4
CLOSE 4.98 3/4 Up 1/4 CLOSE 5.57 Up 1 1/4
GFO Cash Wheat Prices - DEL Terminal
Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 2.03 2.29 1.96 1.24
CAD $/bu 6.78 7.05 6.71 6.23
CAD $/tonne 249.12 258.88 246.67 228.85
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 1.60 N/A N/A N/A 1.10 N/A
London 1.65 1.92 1.59 N/A 1.24 1.38 1.05 N/A
Hensall 1.70 N/A 1.60 N/A 1.30 N/A 1.10 N/A
Trenton N/A N/A 1.65 N/A N/A N/A 1.25 N/A
Bruce 1.70 2.00 1.60 1.30 1.30 1.50 1.10 0.95
Essex N/A N/A 1.55 N/A N/A N/A 1.10 N/A
Norwich 1.70 N/A 1.60 N/A 1.30 N/A 1.10 N/A
Port Hope N/A 1.85 1.65 N/A N/A 1.45 1.20 N/A
Kent Bridge 1.70 N/A 1.60 N/A 1.30 N/A 1.10 N/A
Chatham N/A N/A 1.60 N/A N/A N/A 1.10 N/A
Brigden N/A N/A 1.60 N/A N/A N/A 1.10 N/A
Palmerston N/A 2.00 1.60 1.30 N/A 1.58 1.23 0.95
Varna 1.70 2.00 1.60 N/A 1.30 1.50 1.10 N/A
Mitchell 1.70 1.90 1.60 N/A 1.30 1.50 1.10 N/A
Thornton N/A N/A N/A 1.64 N/A N/A N/A N/A
North Gower N/A 2.15 1.88 1.15 N/A 1.78 1.46 0.90
W O Feed 2.27
TERMINAL
Port Colbor 2.00 2.27 1.94 N/A N/A N/A N/A N/A
PROCESSORS
Toledo FM N/A N/A 1.83 N/A N/A N/A N/A N/A
Toledo El. 4.95US 6.58CA 4.86US 6.43CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.53 1.79 1.46 1.01
CAD $/bu 6.43 6.70 6.37 6.58
CAD $/tonne 236.34 246.08 233.91 241.94
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 456.14
DDG's FOB Srn & Aylm 190.00 - 195.00
DTN National HRS Index 08/23
