Portland Grain Review 05/13
May 13, 2021
Portland Price Trends
05-01-20 08-01-20 04-01-21 05-06-21 05-13-21
#1 SWW (bu) 6.06 5.60 6.70 8.40 8.30
White Club 7.56 6.00 6.70 8.40 8.30
DNS 14% 6.77 6.21 6.99 8.82 8.30
HRW 11.5% 6.33 5.71 6.85 8.30 7.68
#2 Corn (ton) 144.00 151.00 240.00 313.00 301.00
#2 Barley 130.00 130.00 180.00 180.00 180.00
Wheat...A weaker futures complex took a big toll on west coast protein
wheat markets this week, while a tightening white wheat balance sheet put
some relative support under that market. Old crop white wheat basis has
nearly doubled from a week ago, climbing back to 115 over the Chicago July
futures. New crop basis also strengthened 50 cents from a week ago which
is welcome news to producers who established hedge to arrive contracts.
Weekly Sales...USDA reported a more subdued pace of export demand for
U.S. wheat, with new crop sales coming in at 9.8 mb to put commitments at
120 mb for the coming year. This sets 43% ahead of a year ago, on strong
interest in all classes of wheat except hard red winter. Sales for soft
red winter set at 28 mb versus 12 mb a year ago, hard red spring is at 33
mb versus 19 mb and soft white is at 25 mb versus 10 mb at this time last
year. Hard red winter is the laggard with 28 mb versus 39 mb.
Crop Report...USDA showed an overall increase in U.S. wheat stocks but
tightened the white wheat balance sheet. A record pace of exports for that
class of wheat is expected to pull stocks down to 53 mb, which would place
stocks-to-use on par with the lowest of the past 30 years; a level of 15%
last seen in 2006.
-Norm Ruhoff Contributing Analyst
Copyright 2021 DTN/Telvent. All Rights Reserved.
Cotton AWP/LDP 05/14 10:34
Cotton AWP/LDP 05/14 10:34
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**
05/14/21 93.14 92.16 95.72 19.25 | 72.91 1.07 1.02 0.00 0.00
05/07/21 91.69 90.64 93.98 19.25 | 71.39 1.00 0.95 0.00 0.00
04/30/21 94.27 92.96 95.92 19.25 | 73.71 0.74 0.69 0.00 0.00
04/23/21 91.23 89.74 92.42 19.25 | 70.49 0.56 0.51 0.00 0.00
04/16/21 88.98 87.41 90.03 19.25 | 68.16 0.48 0.43 0.00 0.00
**Fine Count Adjustment cannot be less than zero.
NA = not available.
DTN National HRS Index 05/17
USDA Daily Market Rates 05/18 06:15
USDA Daily Market Rates 05/18 06:15
Effective: May 18, 2021
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.) 05/18/2021
COMMODITIES
Wheat (BU) Wheat (BU) Wheat (BU)
Wheat (BU)
MARKET HRW HRS SRW
SWW
AMA 6.57 */(17)
CIN 7.10 */(37)
EVN 7.15 */(38)
GLF 7.72 */(18) */(19) 7.90 */(39)
*/(20) */(21)
*/(22)
KCM 8.02 */(23) 7.00 */(40)
MEM 7.24 */(41)
MIN 7.37 */(24) */(25) 7.70 */(15)
PNW 7.57 */(26) 7.72 */(16)
7.86 */(43) */(44)
TOL 7.10 */(42)
7.10 */(45)
WCD 7.57 */(27) */(28)
7.71 */(46)
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 05/18/2021
COMMODITIES
Wheat (BU) Corn (BU) Barley (BU)
MARKET HAD YC BRL
AMA 7.43 */(47)
CIN 6.97 */(48)
GLF 7.43 */(49) */(50) 5.80 */(1)
KCM 7.03 */(51) 5.45 */(2)
LOS 8.65 */(11) */A
MEM 7.08 */(52)
MIN 7.95 */(12) */B 6.74 */(53) 5.25 */(3) */(4)
*/(5)
PNW 8.30 */(13) */C 8.24 */(54) */(55) 4.32 */(6) */(7)
TKO 6.88 */(56) */(57)
TOL 6.78 */(58)
WCD 8.70 */(14) */D 8.50 */(59) 5.70 */(8) */(9)
*/(10)
DURUM DISCOUNTS
*/A LOS DISCOUNT ($-0.50) FOR AMBER DURUM AND ($-0.75) FOR DURUM
*/B MIN DISCOUNT ($-0.75) FOR AMBER DURUM AND ($-1.15) FOR DURUM
*/C PNW DISCOUNT ($-0.85) FOR AMBER DURUM AND ($-1.25) FOR DURUM
*/D WCD DISCOUNT ($-0.50) FOR AMBER DURUM AND ($-0.75) FOR DURUM
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 05/18/2021
COMMODITIES
Oats (BU) Soybeans (BU) Grain Sorghum (CWT)
MARKET OAT YSB SOR
CIN 16.23 */(60) 14.20 */(31)
GLF 16.75 */(61) */(62) 15.12 */(32)
*/(63) */(64)
*/(65)
KCM 16.33 */(66)
MEM 16.48 */(67) 12.63 */(33)
MIN 3.81 */(29) 16.08 */(68) */(69)
NCD 12.54 */(34)
PNW 4.13 */(30) 17.27 */(70)
SCD 12.81 */(35)
TKO 16.33 */(71)
TOL 16.23 */(72)
WCD 16.40 */(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 05/18/2021 *****
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 -1.40 cents/bu (Effective 5/18/2021)
(2) KCM BRL differentials add -1.40 cents/bu (Effective 5/18/2021)
(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 -1.20 cents/bu (Effective 5/18/2021)
(6) PNW BRL differentials in MT add -0.06 cents/bu (Effective 2/15/2013)
(7) PNW BRL differentials add 0.18 cents/bu (Effective 5/17/2021)
(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 -0.67 cents/bu (Effective 5/17/2021)
(11) LOS HAD differentials add -0.65 cents/bu (Effective 2/1/2021)
(12) MIN HAD differentials add -0.48 cents/bu (Effective 3/4/2021)
(13) PNW HAD differentials add -0.40 cents/bu (Effective 8/14/2020)
(14) WCD HAD differentials add -0.65 cents/bu (Effective 2/1/2021)
(15) MIN HRS differentials add -0.57 cents/bu (Effective 5/18/2021)
(16) PNW HRS differentials add -0.25 cents/bu (Effective 5/12/2021)
(17) AMA HRW differentials add -0.07 cents/bu (Effective 5/12/2021)
(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 -0.52 cents/bu (Effective 5/4/2021)
(23) KCM HRW differentials add -1.19 cents/bu (Effective 5/13/2021)
(24) MIN HRW differentials in SD add 0.00 cents/bu (Effective 9/21/2017)
(25) MIN HRW differentials add -0.52 cents/bu (Effective 5/7/2021)
(26) PNW HRW differentials add -0.50 cents/bu (Effective 5/7/2021)
(27) WCD HRW differentials in CA add 0.00 cents/bu (Effective 6/25/2020)
(28) WCD HRW differentials add -0.80 cents/bu (Effective 4/12/2021)
(29) MIN OAT differentials add -0.55 cents/bu (Effective 5/11/2021)
(30) PNW OAT differentials add -0.78 cents/bu (Effective 5/18/2021)
(31) CIN SOR differentials add -1.55 cents/cwt (Effective 5/11/2021)
(32) GLF SOR differentials add -2.05 cents/cwt (Effective 5/14/2021)
(33) MEM SOR differentials add 0.00 cents/cwt (Effective 3/26/2019)
(34) NCD SOR differentials add -0.25 cents/cwt (Effective 5/11/2021)
(35) SCD SOR differentials add -0.35 cents/cwt (Effective 5/11/2021)
(36) WCD SOR differentials add -2.63 cents/cwt (Effective 5/18/2021)
(37) CIN SRW differentials add -0.06 cents/bu (Effective 5/14/2021)
(38) EVN SRW differentials add -0.06 cents/bu (Effective 4/30/2021)
(39) GLF SRW differentials add -0.58 cents/bu (Effective 5/18/2021)
(40) KCM SRW differentials add 0.12 cents/bu (Effective 5/11/2021)
(41) MEM SRW differentials add -0.09 cents/bu (Effective 5/5/2021)
(42) TOL SRW differentials add -0.08 cents/bu (Effective 5/5/2021)
(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 -0.32 cents/bu (Effective 5/13/2021)
(48) CIN YC differentials add -0.40 cents/bu (Effective 5/18/2021)
(49) GLF YC differentials in MN add 0.00 cents/bu (Effective 6/25/2020)
(50) GLF YC differentials add -0.30 cents/bu (Effective 5/17/2021)
(51) KCM YC differentials add -0.13 cents/bu (Effective 5/18/2021)
(52) MEM YC differentials add -0.23 cents/bu (Effective 4/19/2021)
(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 -0.89 cents/bu (Effective 5/3/2021)
(56) TKO YC differentials in WI add -0.03 cents/bu (Effective 12/4/2020)
(57) TKO YC differentials add -0.01 cents/bu (Effective 5/18/2021)
(58) TOL YC differentials add -0.05 cents/bu (Effective 5/18/2021)
(59) WCD YC differentials add -0.94 cents/bu (Effective 5/3/2021)
(60) CIN YSB differentials add -0.17 cents/bu (Effective 5/17/2021)
(61) GLF YSB differentials in MN add 0.04 cents/bu (Effective 12/27/2017)
(62) GLF YSB differentials in MS add 0.05 cents/bu (Effective 12/2/2020)
(63) GLF YSB differentials in LA add 0.05 cents/bu (Effective 12/2/2020)
(64) GLF YSB differentials in AL add 0.05 cents/bu (Effective 12/2/2020)
(65) GLF YSB differentials add -0.12 cents/bu (Effective 5/17/2021)
(66) KCM YSB differentials add -0.34 cents/bu (Effective 4/27/2021)
(67) MEM YSB differentials add -0.06 cents/bu (Effective 5/17/2021)
(68) MIN YSB differentials in WI add 0.05 cents/bu (Effective 4/16/2021)
(69) MIN YSB differentials add 0.00 cents/bu (Effective 5/4/2021)
(70) PNW YSB differentials add -0.59 cents/bu (Effective 5/14/2021)
(71) TKO YSB differentials add -0.12 cents/bu (Effective 5/17/2021)
(72) TOL YSB differentials add -0.08 cents/bu (Effective 5/18/2021)
MINOR OILSEEDS
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (ET)
05/18/2021 ALL PRICES PER CWT.
MARKET CAN CRA RAP FLX MUS SAF SEM SUN
ARL 30.87
AUG 30.87
CAR 31.53
COL 19.00
COR 19.00
FAR 24.11 27.13
GFK 28.00
GLD 18.65
GRF 22.00 18.75 28.00
PAR 20.00
RDW 32.07 36.61
RIC 19.00
VEL 32.22
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)
05/18/2021. ALL PRICES PER CWT.
MARKET CHL CHK LEN PEA
USP 24.25 20.25 21.80 9.70
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, 05/14/21,
through midnight Eastern Time, Thursday, 05/20/21:
AWP = 72.91 cents per pound
FCA 2019 crop = 1.07 cents per pound
FCA 2020 crop = 1.02 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, 05/20/21.
The following world prices of rice are effective from 05/12/21 at
7:00 am eastern time until the next announcement occurs. The next
price announcement is scheduled for 05/19/21 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---- . ---$/Hundredweight---
.
Long 17.53 11.09 . 15.30 0.00
Med/Short 17.20 10.50 . 15.15 0.00
Broken 11.12 6.11 . na na
_____________________________________________________________________
.
2020 CROP . World Loan Market
World Loan . Market Gain and
Price Rate . Index LDP Rate
----Cents/Pound---- . ---$/Hundredweight---
.
Long 17.59 11.10 . 15.33 0.00
Med/Short 17.22 10.45 . 15.01 0.00
Broken 11.16 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 11.07 . 53.46/15.26
Med/Short 7.16 11.81 . 63.50/8.00
2020 CROP
Loan Rate World Price . Whole/Broken Yield
------ $/Cwt ------ . (Pounds/Cwt)
.
Long 7.02 11.25 . 55.65/13.10
Med/Short 6.94 11.50 . 59.40/11.40
DTN Early Word Grains 05/18 05:58
DTN Early Word Grains 05/18 05:58 Grains Higher With Less Rain in the Forecast July corn is up 10 1/2 cents, July soybeans are up 13 cents and July KC wheat is up 9 cents. Todd Hultman DTN Lead Analyst Pre-6 a.m. Globex Prices: July corn is up 10 1/2 cents, July soybeans are up 13 cents and July KC wheat is up 9 cents. CME Globex Recap: Early Tuesday, Dow Jones futures are trading higher, in line with higher stocks overseas. Investors continue to waffle between recognizing an economic rebound, accompanied by improving coronavirus statistics on one hand and being concerned about inflation and the possibility of higher interest rates on the other. A report on April U.S. housing starts is due out at 7:30 a.m. CDT. OUTSIDE MARKETS: Previous closes Monday showed the Dow Jones Industrial Average down 54.34 at 34,327.79 and the S&P 500 down 10.56 at 4,163.29 while the 10-Year Treasury yield ended at 1.64%. Early Monday, June Dow Jones futures are trading up 93 points. Asian markets are higher with Japan's Nikkei 225 index up 2.09% and China's Shanghai Composite Index up 0.32%. European markets are higher with the spot futures of the London FTSE 100 trading up 0.29%, spot futures of Germany's DAX trading up 0.34% and spot futures of France's CAC Index trading up 0.37%. The June euro is up $0.0059 at $1.2225. The June U.S. Dollar Index is down 0.39 at 89.76. The June 30-year T-bond is down 7/32nds, while June gold is up $2.20 at $1,869.80 and June crude oil is up $0.52 at $66.79. On China's Dalian exchange, September corn was down 0.4%, July soybeans were up 0.1%, September soybean meal was up 0.6% and September soybean oil was up 0.1%. July common wheat on China's Zhengzhou exchange was unchanged. July Malaysian palm oil is trading up 4.1%.
DTN Weather Trend Indicators 05/18 09:26
DTN Weather Trend Indicators 05/18 09:26 Weather Indicator status values are: Corn=Neutral Soybeans=Neutral Wheat=Down LEGEND: The indicator choices are: Corn, Soybeans, Wheat The status choices are: Up, Down, Neutral For example: Corn=Neutral
DTN Midday Grain Comments 05/18 10:46
DTN Midday Grain Comments 05/18 10:46 Corn Headed Higher Midday Tuesday Corn is 9 to 11 cents higher, soybeans are 2 to 3 cents lower with new crop 4 to 5 cents higher and wheat 3 to 6 cents higher. David M. Fiala DTN Contributing Analyst MARKET SUMMARY: The U.S. stock market is mixed with the Dow down 60 points. The U.S. Dollar Index is 0.30 lower. Interest rate products are mixed. Energies are mixed with crude down $0.50. Livestock trade is mixed. Precious metals are flat with $1.50 higher. CORN: Corn trade is 9 to 11 cents higher at midday with slightly stronger spread action as the July contract continues to lead with little surprise on the weekly crop progress report and good demand. Trade looks for more new-crop sales with another 1.36 million metric tons sold to China. Ethanol margins should remain solid with ethanol values offsetting the corn rebound. Weather looks to warm up with better moisture for many areas. Brazil continues to struggle with dryness during pollination and crop estimates still falling but time running out to change the crop size much in either direction, albeit with some relief rains out there. Corn basis wobbled a little bit with the river issues. Weekly crop progress put corn planting at 80% complete versus 68% on average, with emergence at 41% versus 35% on average. On the July contract, chart resistance is the 20-day at $6.69, with support the fresh low at $6.33. SOYBEANS: Soybeans is 2 to 3 cents lower at midday with weaker spread trade after testing $16.00 again overnight, while new crop holds on to 4- to 5-cent better action; meal is $1.00 to $2.00 lower and oil 0.20 cent to 0.30 cent lower. Planters will continue to roll short term with some areas of rain slowing action and warmer temps to boost emergence by the end of the week, with planting well ahead of average at 61% versus 37% on average and emergence at 20% versus 12%. South America should continue to see shipping progress short term, while domestic crush will carry U.S. basis with oil continuing to lead action but notable processor weakness in some areas. On the July soybean chart, support is the 20-day at $15.53, with resistance at the upper Bollinger Band at $16.36. WHEAT: Wheat trade is 3 to 6 cents higher at midday with support from the dollar making new lows and spillover from the row crops. Seasonal weather on the Plains should boost growth with big rains in parts of Kansas and a better forecast for the North, with conditions down 1% at 48% good to excellent and 19% poor to very poor, and heading at 53% versus 58% on average. Spring wheat is 85% planted versus 71% good to excellent, and 47% emerged versus 36% on average with better rains expected. Other Northern Hemisphere weather will continue to be watched as well with little fresh news on the front. The dollar remaining at the lower end of the range should add support as well. KC July on the chart has remains below the 20-day at $6.90 with the lower Bollinger Band below that at $6.38. David Fiala can be reached at dfiala@futuresone.com Follow him on Twitter @davidfiala (c) Copyright 2021 DTN, LLC. All rights reserved.
DTN Closing Grain Comments 05/18 13:47
DTN Closing Grain Comments 05/18 13:47 China Comes Calling Again for New Crop Corn China again showed up in the Foreign Agricultural Service' Tuesday morning flash sales with another 1.360 million metric tons (mmt) of U.S. corn bought, raising the total in the past two weeks to 321.2 mb of new crop corn. Soybeans soared early on the heels of more new contract highs in both palm oil and soybean oil markets, but sold off late as crude oil and bean oil reversed early gains to close lower. Dana Mantini Senior Market Analyst GENERAL COMMENTS: July corn closed up 5 3/4 cents per bushel, December corn finished 6 cents higher, July soybeans finished down 13 1/4 cents, and November was up 2 1/2 cents. July KC wheat was down 4 1/2 cents, July Chicago wheat closed down 1 3/4 cents and July Minneapolis wheat settled down 1 1/2 cents. The June U.S. Dollar Index is trading down 0.397 at 89.745. The Dow Jones Industrial Average is down 86.53 points at 34,241.26. June gold is up $1.70 at $1,869.30, July silver is up $0.10 at $28.37 and July copper is up $0.0235 at $4.7350. June crude oil is down $0.82 at $65.45, June heating oil is down $0.0050, June RBOB is down $0.0025 and June natural gas is down $0.095.
FARM MARKET NEWS - CORN REPORT FOR Tue, May 18
FARM MARKET NEWS - CORN REPORT FOR Tue, May 18
Exchange rate was 1.206 down 0.0005
Chicago corn closed slightly higher.
JUL21 HI 6.69 1/2 DEC21 HI 5.49 3/4
LOW 6.52 1/2 LOW 5.37 3/4
CLOSE6.58 1/4 Up 5 3/4 CLOSE 5.43 1/4 Up 6
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +JUL21+SEP21+SEP21
CK Low 1.65 8.23 324.10 0.90 6.33 249.30
CK High 1.75 8.33 328.04 0.95 6.38 251.27
CK Avg 1.70 0.29 8.28 326.07 0.91 -0.17 6.34 249.63
Essex Cty 1.70 8.28 326.07 0.90 6.33 249.30
Mdsx Low 1.65 8.23 324.10 0.90 6.33 249.30
Mdsx High 1.75 8.33 328.04 0.95 6.38 251.27
Mdsx Avg 1.70 0.29 8.28 326.07 0.93 -0.16 6.36 250.28
Hensall 1.70 8.28 326.07 0.93 6.37 250.61
Bruce 1.75 8.33 328.04 0.90 6.33 249.30
Putnam 1.65 8.23 324.10 0.90 6.33 249.30
Burford 1.75 8.33 328.04 0.90 6.33 249.30
Port Perry 1.75 8.33 328.04 0.95 6.38 251.27
Norfolk 1.70 8.28 326.07 0.90 6.33 249.30
Palmerston 1.59 8.17 321.74 0.87 6.30 248.12
Varna 1.70 8.28 326.07 0.90 6.33 249.30
Trenton 1.75 8.33 328.04 1.00 6.43 253.24
Winchester 1.80 8.38 330.00 1.40 6.83 268.98
North Gower 1.70 8.28 326.07 1.30 6.73 265.05
Vankleek Hil 1.47 8.05 317.01 0.81 6.24 245.76
Huron FOB 1.72 1.75N/A N/A 8.30 326.85 0.90 6.33 249.30
Kent FOB 1.80 8.38 330.00 1.02 6.45 254.02
Lamb FOB 1.70 8.28 326.07 0.95 6.38 251.27
Mdsx FOB 1.80 1.80N/A N/A 8.38 330.00 0.95 6.38 251.27
FOB SW Que 2.87 9.45 372.13N/A
Track 1.96 8.54 336.11N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A 1.18 6.61 260.32
Jhnstwn-Eth N/A N/A N/A N/A N/A
Aylmer-Eth N/A N/A N/A 2.28 1.17 6.60 259.93
Sarn-Eth N/A N/A N/A N/A N/A
London-Ing N/A N/A N/A N/A 1.30 6.73 265.05
Pt.Colb-Ing N/A N/A N/A N/A N/A
Cardnl-Ing N/A N/A 2.50 2.55 1.60 7.03 276.86
W O Feed 2.07 8.65 340.71
US Rep 1.78 8.36 329.22
Toledo El. 0.30 6.88 271.01 -0.24 5.19 204.37
TRANSFER
Pt. Colb 2.00 8.58 337.88 1.30 6.73 265.05
Prescott 1.53 8.11 319.38 1.25 6.68 263.08
HI SD CRN 0.95 6.38 1/4
*Wet Bid
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, May 18
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, May 18
Exchange rate was 1.206 down 0.0005
Chicago soybeans closed mixed.
JUL21 HI 16.04 3/4 NOV21 HI 14.13
LOW 15.69 LOW 13.91 1/4
CLOSE15.74 1/4 Down 13 1/4 CLOSE 13.99 1/2 Up 2 1/2
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +JUL21+JUL21+AUG21
CK Low 3.77 19.51 716.96 2.52 16.52 606.82
CK High 3.85 19.59 719.90 2.60 16.60 609.76
CK Average 3.82 0.48 19.56 718.80 2.55 -0.27 16.55 608.05
Essex Cty 3.80 19.54 718.06 2.50 16.50 606.09
Mdsx Low 3.75 19.49 716.23 2.50 16.50 606.09
Mdsx High 3.85 19.59 719.90 2.55 16.55 607.92
Mdsx Average3.80 0.46 19.54 718.06 2.53 -0.30 16.52 607.01
Hensall 3.85 19.59 719.90 2.58 16.58 609.15
Bruce 3.85 19.59 719.90 2.60 16.60 609.76
Putnam 3.85 19.59 719.90 2.55 16.55 607.92
Burford 3.82 19.56 718.80 2.57 16.57 608.66
Port Perry 3.77 19.51 716.96 2.52 16.52 606.82
Norfolk 3.80 19.54 718.06 2.55 16.55 607.92
Palmerston 3.77 19.51 716.96 2.57 16.57 608.66
Varna 3.85 19.59 719.90 2.60 16.60 609.76
Trenton 3.85 19.59 719.90 2.65 16.65 611.60
Winchester 3.85 19.59 719.90 2.65 16.65 611.60
North Gower 3.40 19.14 703.37 2.60 16.60 609.76
Vankleek Hil3.14 18.88 693.81 2.51 16.51 606.45
Huron FOB 3.93 4.05 4.05 N/A 19.67 722.84 2.65 16.65 611.60
Kent FOB 3.90 19.64 721.74 2.55 16.55 607.92
Lambton FOB 3.90 19.64 721.74 2.65 16.65 611.60
Mdsx FOB 3.88 4.00 N/A N/A 19.62 721.00 2.51 16.51 606.45
PROCESSORS
Windsor 3.89 19.63 721.37 2.73 16.73 614.54
TRANSFER
Hamilton 4.30 20.04 736.44 3.00 17.00 624.46
Prescott N/A 2.75 16.75 615.27
Port Colborn3.75 19.49 716.23 2.98 16.98 623.72
Toledo El. 0.42 16.16 593.95 -0.42 13.57 498.72
Exchange rate was 1.206 down 0.0005
Chicago wheat closed mixed.
JUL21 HI 7.18 1/2 JUL21 HI 7.18 1/2
LOW 6.92 1/2 LOW 6.92 1/2
CLOSE 6.98 Down 1 3/4 CLOSE 6.98 Down 1 3/4
Minni wheat closed slightly lower.
JUL21 HI 7.26 1/4 SEP21 HI 7.32 1/4
LOW 7.10 LOW 7.16 1/4
CLOSE 7.14 Down 1 CLOSE 7.20 3/4 Down 1/4
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 N/A N/A N/A N/A 1.00 N/A
London 1.55 1.55 1.55 N/A 1.17 1.05 0.87 N/A
Hensall N/A N/A N/A N/A 1.30 N/A 1.00 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.00 N/A
Bruce 1.65 1.70 1.65 1.40 1.25 1.25 1.00 1.40
Essex N/A N/A 1.70 N/A N/A N/A 1.00 N/A
Norwich N/A N/A N/A N/A 1.30 N/A 1.00 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 1.00 N/A
Chatham N/A N/A 1.70 N/A N/A N/A 1.00 N/A
Brigden N/A N/A 1.70 N/A N/A N/A 1.00 N/A
Palmerston N/A N/A 1.79 1.65 N/A 1.14 0.90 1.24
Varna 1.80 1.80 1.80 N/A 1.20 1.20 1.00 N/A
Mitchell N/A N/A N/A N/A 1.30 1.25 1.00 N/A
Thornton 1.55 1.55 1.55 1.45 1.17 1.05 0.87 N/A
North Gower N/A 1.25 1.40 0.90 N/A 0.79 0.89 0.75
W O Feed 2.59
TERMINAL
Port Colbor N/A N/A 1.93 N/A N/A N/A 1.25 N/A
PROCESSORS
Toledo FM N/A N/A 1.62 N/A N/A N/A 1.62 N/A
Toledo El. 7.08US 8.54CA 7.08US 8.54CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 585.12
DDG's FOB Srn & Aylm 350.00 - 355.00
