Portland Grain Review 12/05
December 5 2019
Portland Price Trends
12-01-18 01-01-19 11-01-19 11-29-19 12-05-19
#1 SWW (bu) 6.25 6.15 6.00 5.95 5.90
White Club 6.25 6.15 7.50 7.75 7.65
DNS 14% 6.97 6.59 7.06 6.84 6.88
HRW 11.5% 6.56 6.39 5.96 6.07 6.00
#2 Corn (ton) 170.00 168.00 177.00 135.00 140.00
#2 Barley 140.00 140.00 135.00 172.00 176.00
Wheat..Announcement of a USDA donation tender put some footing under
west coast white wheat prices this week, with the agency seeking offers
next week on 2.1 mb to be shipped in January. Nearby basis levels have
otherwise been defensive while basis on protein wheat markets have held
firm over the past month.
Weekly Sales...USDA showed export sales for U.S. wheat took a major
setback over the past week, coming in 63% below the prior week and 44%
below the four-week average. Sales of 8.4 mb put the year-to-date total
at 8.4 mb; 5% ahead of a year ago but 3% below the 5-year average pace.
Top seller was hard red winter with 5.9 mb, holding above the four-week
average, to put total sales for the year at 224 mb; 35% ahead of a year
ago and 6% above average. Hard red spring saw 1.3 mb in new commitments
to put sales at 167 mb, which sets 9% behind a year ago and 13% behind
average. Soft white garnered 1.1 mb and with 147 mb in commitments sets
14% behind a year ago and 5% below average.
-Norm Ruhoff Contributing Analyst
Copyright 2019 DTN/Telvent. All Rights Reserved.
Cotton AWP/LDP 12/06 11:35
Cotton AWP/LDP 12/06 11:35
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**
12/02/19 75.10 73.22 72.73 17.25 | 55.97 0.32 0.17 0.00 0.00
11/29/19 75.28 73.45 72.91 17.25 | 56.20 0.37 0.22 0.00 0.00
11/22/19 75.47 73.61 72.85 17.25 | 56.36 0.34 0.19 0.00 0.00
11/15/19 75.95 74.31 73.07 17.25 | 57.06 0.56 0.41 0.00 0.00
11/08/19 75.12 73.88 72.14 17.25 | 56.63 0.96 0.81 0.00 0.00
**Fine Count Adjustment cannot be less than zero.
NA = not available.
DTN Early Word Grains 12/10 05:58
DTN Early Word Grains 12/10 05:58 Grains Weaker as Trade Agreements Eyed March corn is up 1/4 cent, January soybeans are down 1/2 cent, and March KC wheat is down 1 1/2 cents. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: March corn is up 1/4 cent, January soybeans are down 1/2 cent, and March KC wheat is down 1 1/2 cents. CME Globex Recap: Global equity markets are weaker overnight, particularly in Europe, with analysts pointing toward softer Chinese export data and the looming tariff deadline. Chinese exports fell 1.1% in November, the fourth consecutive monthly drop, with exports to the U.S. down 23%, the worst result since February and the twelfth consecutive monthly drop. More salient to us seems to be comments suggesting the tariff deadline of December 15 will get moved further down the road, allowing more negotiation time. With the USMCA expected to be signed later Tuesday in Mexico City, deal making could be in the air. Nothing trade related is giving grain markets much of a boost as bears continue to point to the fact the USMCA and any potential deal with China would more than likely just solidify demand we already had as opposed to creating additional demand. Harvest continues to drag out in the Northern Plains and will do so well into 2020. With the excessively wet soil conditions, it looks more than likely a difficult spring lies ahead for many. OUTSIDE MARKETS: Previous closes on Monday showed the Dow Jones Industrial Average down 105.46 at 27,909.60 and the S&P 500 down 9.95 at 3,145.91 while the 10-Year Treasury yield ended at 1.829%. Early Tuesday, the December DJIA futures are down 114 points. Asian markets are mixed with Japan's Nikkei 225 down 20.51 (-0.09%) and China's Shanghai Composite up 2.84 points (0.1%). European markets are lower with London's FTSE 100 down 83.6 points (-1.16%), Germany's DAX down 181.48 points (-1.38%) and France's CAC 40 down 35.68 points (-0.84%). The December Euro is up 0.002 at 1.110 and the December U.S. dollar index is down 0.129 at 97.480. The March 30-Year T-Bond is up 16/32nds, while February gold is up $6.40 at $1,471.30 and January crude oil is down $0.31 at $58.71. Soybeans on China's Dalian Exchange were up 0.2% while soybean meal was up 0.57%.
USDA Daily Market Rates 12/10 06:48
USDA Daily Market Rates 12/10 06:48
DAILY MARKET RATES(GRAIN/MISCELLANEOUS COMMODITIES)
Effective: December 10, 2019
The following Market Rates are established to aid in the development of the
Posted
County Prices (PCPs) which are used by county Farm Services Agency (FSA)
Offices for loan redemption
purposes. Uses of these rates for other purposes may not be appropriate.
Questions concerning the grain, pulses and oilseed market values should be
directed to:
Agricultural Marketing Service/Warehouse & Commodity Management
Division/Commodity Management Branch
at: (816) 926-3816
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 12/10/2019
COMMODITIES
Wheat (BU) Wheat (BU) Wheat (BU) Wheat
(BU)
MARKET HRW HRS SRW SWW
AMA 4.06 */(17)
CIN 5.23 */(37)
EVN 5.77 */(38)
GLF 5.61 */(18) */(19) 6.32 */(39)
*/(20) */(21)
*/(22)
KCM 5.38 */(23) 5.32 */(40)
MEM 5.97 */(41)
MIN 5.26 */(24) */(25) 5.93 */(15)
PNW 5.81 */(26) 6.38 */(16) 5.89
*/(43) */(44)
TOL 5.41 */(42) 5.41
*/(45)
WCD 5.81 */(27) */(28) 5.74
*/(46)
THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 12/10/2019
COMMODITIES
Wheat (BU) Corn (BU) Barley (BU)
MARKET HAD YC BRL
AMA 4.11 */(47)
CIN 3.86 */(48)
GLF 4.16 */(49) */(50) 3.67 */(1)
KCM 3.83 */(51) 3.32 */(2)
LOS 7.30 */(11) */A
MEM 3.89 */(52)
MIN 6.85 */(12) */B 3.39 */(53) 3.12 */(3) */(4)
*/(5)
PNW 6.95 */(13) */C 4.83 */(54) */(55) 3.47 */(6) */(7)
TKO 3.91 */(56) */(57)
TOL 3.96 */(58)
WCD 7.35 */(14) */D 5.27 */(59) 4.85 */(8) */(9)
*/(10)
DURUM DISCOUNTS
*/A LOS DISCOUNT ($-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.) 12/10/2019
COMMODITIES
Oats (BU) Soybeans (BU) Grain Sorghum (CWT)
MARKET OAT YSB SOR
CIN 9.09 */(60) 6.50 */(31)
GLF 9.51 */(61) */(62) 7.42 */(32)
*/(63) */(64)
*/(65)
KCM 8.82 */(66)
MEM 9.19 */(67) 5.97 */(33)
MIN 3.45 */(29) 8.82 */(68) */(69)
NCD 6.08 */(34)
PNW 3.60 */(30) 9.72 */(70)
SCD 6.26 */(35)
TKO 9.07 */(71)
TOL 8.91 */(72)
WCD 9.21 */(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 12/10/2019 *****
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 -0.19 cents/bu (Effective 12/3/2019)
(2) KCM BRL differentials add -0.19 cents/bu (Effective 12/3/2019)
(3) MIN BRL differentials in WY add -0.02 cents/bu (Effective 7/31/2017)
(4) MIN BRL differentials in MT add 0.02 cents/bu (Effective 11/13/2019)
(5) MIN BRL differentials add 0.01 cents/bu (Effective 12/3/2019)
(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 12/9/2019)
(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 -0.58 cents/bu (Effective 12/3/2019)
(16) PNW HRS differentials add -0.75 cents/bu (Effective 12/3/2019)
(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 -0.73 cents/bu (Effective 12/3/2019)
(23) KCM HRW differentials add -0.98 cents/bu (Effective 12/3/2019)
(24) MIN HRW differentials in SD add 0.00 cents/bu (Effective 9/21/2017)
(25) MIN HRW differentials add -0.74 cents/bu (Effective 12/3/2019)
(26) PNW HRW differentials add -1.04 cents/bu (Effective 11/22/2019)
(27) WCD HRW differentials in CA add 0.03 cents/bu (Effective 8/22/2016)
(28) WCD HRW differentials add -1.29 cents/bu (Effective 11/18/2019)
(29) MIN OAT differentials add -0.53 cents/bu (Effective 12/6/2019)
(30) PNW OAT differentials add -0.55 cents/bu (Effective 12/10/2019)
(31) CIN SOR differentials add -0.43 cents/cwt (Effective 8/8/2019)
(32) GLF SOR differentials add -0.80 cents/cwt (Effective 12/2/2019)
(33) MEM SOR differentials add 0.00 cents/cwt (Effective 3/26/2019)
(34) NCD SOR differentials add -0.22 cents/cwt (Effective 10/24/2019)
(35) SCD SOR differentials add 0.00 cents/cwt (Effective 10/8/2019)
(36) WCD SOR differentials add -1.87 cents/cwt (Effective 12/3/2019)
(37) CIN SRW differentials add 0.05 cents/bu (Effective 11/6/2019)
(38) EVN SRW differentials add -0.34 cents/bu (Effective 12/10/2019)
(39) GLF SRW differentials add -0.66 cents/bu (Effective 12/5/2019)
(40) KCM SRW differentials add 0.11 cents/bu (Effective 12/5/2019)
(41) MEM SRW differentials add -0.51 cents/bu (Effective 11/13/2019)
(42) TOL SRW differentials add -0.09 cents/bu (Effective 12/10/2019)
(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 -0.13 cents/bu (Effective 11/13/2019)
(49) GLF YC differentials in MN add -0.02 cents/bu (Effective 9/3/2019)
(50) GLF YC differentials add -0.16 cents/bu (Effective 11/29/2019)
(51) KCM YC differentials add -0.04 cents/bu (Effective 9/10/2019)
(52) MEM YC differentials add -0.13 cents/bu (Effective 11/18/2019)
(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 -0.60 cents/bu (Effective 11/25/2019)
(56) TKO YC differentials in WI add -0.03 cents/bu (Effective 4/3/2018)
(57) TKO YC differentials add -0.13 cents/bu (Effective 12/5/2019)
(58) TOL YC differentials add -0.32 cents/bu (Effective 9/12/2019)
(59) WCD YC differentials add -0.83 cents/bu (Effective 11/25/2019)
(60) CIN YSB differentials add -0.36 cents/bu (Effective 11/19/2019)
(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 -0.47 cents/bu (Effective 12/5/2019)
(66) KCM YSB differentials add -0.13 cents/bu (Effective 12/9/2019)
(67) MEM YSB differentials add -0.40 cents/bu (Effective 11/4/2019)
(68) MIN YSB differentials in WI add 0.10 cents/bu (Effective 6/13/2019)
(69) MIN YSB differentials add -0.34 cents/bu (Effective 12/10/2019)
(70) PNW YSB differentials add -0.64 cents/bu (Effective 12/9/2019)
(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)
12/10/2019 ALL PRICES PER CWT.
MARKET CAN CRA RAP FLX MUS SAF SEM SUN
ARL 13.57
AUG 13.57
CAR 14.23
COL 19.00
COR 19.00
FAR 17.41 18.65
GFK 26.00
GLD 18.85
GRF 22.00 16.07 26.00
PAR 20.00
RDW 14.77 17.23
RIC 19.00
VEL 14.92
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)
12/10/2019. ALL PRICES PER CWT.
MARKET CHL CHK LEN PEA
USP 13.75 9.75 13.10 8.40
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, 12/06/19, through
midnight Eastern Time, Thursday, 12/12/19:
AWP = 55.97 cents per pound
FCA 2018 crop = 0.32 cents per pound
FCA 2019 crop = 0.17 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, 12/12/19.
The following world prices of rice are effective from 12/04/19 at
7:00 am eastern time until the next announcement occurs. The next
price announcement is scheduled for 12/11/19 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 13.64 10.08 . 12.28 0.00
Med/Short 13.14 9.67 . 12.06 0.00
Broken 8.23 6.14 . na na
_____________________________________________________________________
.
2019 CROP . World Loan Market
World Loan . Market Gain and
Price Rate . Index LDP Rate
----Cents/Pound---- . ---$/Hundredweight---
.
Long 14.28 11.09 . 13.20 0.00
Med/Short 13.94 10.50 . 12.84 0.00
Broken 8.61 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 8.46 . 53.56/14.05
Med/Short 6.68 9.07 . 64.00/8.00
2019 CROP
Loan Rate World Price . Whole/Broken Yield
------ $/Cwt ------ . (Pounds/Cwt)
.
Long 7.00 9.11 . 55.55/13.69
Med/Short 7.00 9.34 . 61.11/9.51
DTN Weather Trend Indicators 12/10 09:15
DTN Weather Trend Indicators 12/10 09:15
Weather Indicator status values are:
Corn=Up
Soybeans=Down
Wheat=Neutral
LEGEND:
The indicator choices are: Corn, Soybeans, Wheat
The status choices are: Up, Down, Neutral
For example: Corn=Neutral
(ES)
DTN Midday Grain Comments 12/10 10:51
DTN Midday Grain Comments 12/10 10:51 Grains Mixed at Midday Soybeans lead quiet pre-report trade. By David Fiala DTN Contributing Analyst General Comments The U.S. stock market is mixed with the Dow down 10. The dollar index is 17 lower. Interest rate products are firmer. Energies are firmer with crude up $0.24. Livestock trade is mostly higher. Precious metals are mostly higher with gold up 2.00. CORN Corn trade is narrowly mixed with quiet trade at the lower end of the range continuing ahead of the report this a.m. On the report, production is expected to be unchanged from last month, with the domestic carryout at 1.919 billion up just slightly from last month. Ethanol margins have remained steady with corn and ethanol futures sideways, and unleaded at the upper end of the range overall boosting blender margins. Basis has held up well with some strength showing up at processors again. The last weekly report showed harvest at 92% complete vs. 100% on average. On the March contract, support is the lower Bollinger Band at $3.73 which we have held just above, with resistance the 20-day at $3.79. SOYBEANS Soybeans trade is 2 to 4 cents higher at midday, hanging right at $9.00 with trade trying to consolidate gains ahead of the report with reports of a delay in further tariffs with China. Meal is flat to $1.00 higher and oil is 5 to 15 points higher. The real remains cheap vs. the dollar with Brazilian weather still in good shape, with Argentina more mixed short term and coming off a dry week. Bean basis has moved to a more sideways trend short term with the futures rally likely to soften basis in some areas this week. On the WASDE report production is expected to be unchanged, with domestic carryout at 476 million bushels, inline with last month. January chart support is the lower Bollinger band at $8.65 which we are finally pulling away from, with trade just above the 20-day at $8.96, with the upper Bollinger Band at 9.27. WHEAT Wheat trade is narrowly mixed at midday with trade seeing choppy action so far. The Chicago/KC March spread is back to 97 cents near the highs. Chicago also holding a 97 cent premium to Minneapolis which has narrowed to start the week. The dollar remains rangebound. Export business remains quiet with Russian values rising again and some midweek tenders. The forecast dries the Plains out short term, with little change to world conditions north and south this week. The WASDE report is expected to show carryout at 1.01 billion, down just slightly from last month. The March KC chart support is the lower Bollinger Band at $4.23, and resistance the 20-day at 4.33. 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 (AG) Copyright 2019 DTN/The Progressive Farmer. All rights reserved.
DTN Closing Grain Comments 12/10 13:43
DTN Closing Grain Comments 12/10 13:43 Soybeans Close Higher Again; Wheat Rallies on Bullish WASDE Change Soybeans rose Tuesday after only minor changes in the USDA WASDE report and despite word U.S.-China trade negotiators might again extend the deadline for new tariffs. The later a new deal is finalized, the less the U.S. benefits, as we get closer to new-crop South American harvest. Wheat and corn overcame early pressure to finish higher on the heels of slightly bullish WASDE changes in wheat.
FARM MARKET NEWS - CORN REPORT FOR Tue, December 10
FARM MARKET NEWS - CORN REPORT FOR Tue, December 10
Exchange rate was 1.3234 up 0.0000
Chicago corn closed slightly higher.
MAR20 HI 3.78 DEC20 HI 3.91 1/2
LOW 3.75 LOW 3.88 1/2
CLOSE3.77 Up 1 1/4 CLOSE 3.91 Up 2
OLD CROP BASIS NEW CROP BASIS
Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt
ELEVATORS +MAR20+MAR20+MAY20
CK Low 1.25 5.02 197.63 0.90 4.81 189.36
CK High 1.25 5.02 197.63 0.95 4.86 191.33
CK Avg 1.25 0.02 5.02 197.63 0.91 -0.27 4.82 189.69
Essex Cty 1.25 5.02 197.63 0.90 4.81 189.36
Mdsx Low 1.25 5.02 197.63 0.90 4.81 189.36
Mdsx High 1.25 5.02 197.63 0.90 4.81 189.36
Mdsx Avg 1.25 0.02 5.02 197.63 0.90 -0.27 4.81 189.36
Hensall 1.28 5.05 198.61 0.93 4.84 190.35
Bruce 1.25 5.02 197.63 0.90 4.81 189.36
Putnam 1.25 5.02 197.63 0.90 4.81 189.36
Burford 1.25 5.02 197.63 0.90 4.81 189.36
Port Perry 1.30 5.07 199.60 0.90 4.81 189.36
Norfolk 1.25 5.02 197.63 0.90 4.81 189.36
Palmerston 1.28 5.05 198.81 0.87 4.78 188.18
Varna 1.25 5.02 197.63 0.90 4.81 189.36
Trenton 1.40 5.17 203.53 0.90 4.81 189.36
Winchester 1.40 5.17 203.53 0.91 4.82 189.76
North Gower 1.37 5.14 202.35 1.07 4.98 196.05
Huron FOB 1.42 5.19 204.32 0.92 4.83 190.15
Kent FOB 1.35 5.12 201.57 0.95 4.86 191.33
Lamb FOB 1.35 5.12 201.57 1.00 4.91 193.30
Mdsx FOB 1.45 1.45N/A N/A 5.22 205.50 0.90 4.81 189.36
FOB SW Que 2.21 5.98 235.42N/A
Track 1.69 5.46 214.75N/A
PROCESSORS
Chat-Eth N/A N/A N/A N/A 1.13 5.04 198.42
Jhnstwn-Eth N/A N/A N/A N/A 1.38 5.29 208.26
Aylmer-Eth N/A N/A 1.69 1.68 1.15 5.06 199.20
Sarn-Eth N/A 1.55 1.60 1.60 N/A
London-Ing N/A 1.75 1.75 1.75 1.25 5.16 203.14
Pt.Colb-Ing N/A N/A N/A N/A N/A
Cardnl-Ing N/A 1.75 1.75 1.75 1.30 5.21 205.11
W O Feed 1.81 5.58 219.48
US Rep 2.21 5.98 235.42
Toledo El. 0.26 4.03 158.84 -0.26 3.65 143.52
TRANSFER
Pt. Colb 1.60 5.37 211.41N/A
Prescott 1.60 5.37 211.41N/A
MID SD CRN 1.25 5.021
HI SD CRN 1.25 5.021
*Wet Bid
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, December 10
FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, December 10
Exchange rate was 1.3234 up 0.0000
Chicago soybeans closed slightly higher.
JAN20 HI 9.02 1/4 NOV20 HI 9.48
LOW 8.96 1/4 LOW 9.43 1/2
CLOSE9.01 1/4 Up 4 CLOSE 9.46 3/4 Up 2 3/4
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt
ELEVATORS +JAN2+MAR2+MAR20
CK Low 2.27 11.28 414.562.20 11.67 428.71
CK High 2.30 11.31 415.662.27 11.74 431.28
CK Average 2.30 -0.4711.31 415.482.25 -0.6111.71 430.36
Essex Cty 2.25 11.26 413.832.25 11.72 430.54
Mdsx Low 2.25 11.26 413.832.25 11.72 430.54
Mdsx High 2.30 11.31 415.662.25 11.72 430.54
Mdsx Average 2.28 -0.4811.29 414.742.25 -0.6111.72 430.54
Hensall 2.30 11.31 415.662.25 11.72 430.54
Bruce 2.30 11.31 415.662.25 11.72 430.54
Putnam 2.30 11.31 415.662.25 11.72 430.54
Burford 2.32 11.33 416.402.32 11.79 433.12
Port Perry 2.27 11.28 414.562.27 11.74 431.28
Norfolk 2.30 11.31 415.662.25 11.72 430.54
Palmerston 2.24 11.25 413.462.26 11.73 430.91
Varna 2.25 11.26 413.832.20 11.67 428.71
Trenton 2.30 11.31 415.662.25 11.72 430.54
Winchester 2.25 11.26 413.832.20 11.67 428.71
North Gower 2.23 11.24 413.092.22 11.69 429.44
Huron FOB 2.45 11.46 421.172.35 11.82 434.22
Kent FOB 2.45 11.46 421.172.25 11.72 430.54
Lambton FOB 2.50 11.51 423.012.30 11.77 432.38
Middlesex FOB2.47 2.41 N/A N/A 11.48 421.912.47 11.94 438.63
PROCESSORS
Windsor 2.80 11.81 434.042.53 12.00 440.83
TRANSFER
Hamilton 2.90 11.91 437.712.65 12.12 445.24
Prescott N/A N/A
Port Colborne2.79 11.80 433.672.71 12.18 447.45
Toledo El. -0.03 8.99 330.18-0.46 9.00 330.86
Exchange rate was 1.3234 up 0.0000
Chicago wheat closed slightly higher.
MAR20 HI 5.28 JUL20 HI 5.33 1/4
LOW 5.19 1/4 LOW 5.25 1/4
CLOSE 5.23 3/4 Up 1 CLOSE 5.29 3/4 Up 1
Minni wheat closed slightly higher.
MAR20 HI 5.18 1/2 SEP20 HI 5.45 1/4
LOW 5.12 LOW 5.40
CLOSE 5.18 Up 4 3/4 CLOSE 5.45 1/4 Up 4 1/4
GFO Cash Wheat Prices - DEL Terminal
Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 2.16 2.36 2.02 1.28
CAD $/bu 7.39 7.59 7.26 6.46
CAD $/tonne 271.69 278.99 266.83 237.29
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 1.85 N/A N/A N/A 1.25 N/A
London 1.84 2.24 1.71 N/A 1.37 1.63 1.17 N/A
Hensall 1.85 N/A 1.85 N/A 1.40 N/A 1.25 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.40 N/A
Bruce 1.75 2.15 1.75 1.65 1.40 1.60 1.20 1.10
Essex N/A N/A 1.75 N/A N/A N/A 1.20 N/A
Norwich 1.85 N/A 1.85 N/A 1.40 N/A 1.25 N/A
Port Hope N/A N/A 1.80 N/A N/A N/A 1.40 N/A
Kent Bridge 1.85 N/A 1.85 N/A 1.40 N/A 1.25 N/A
Chatham N/A N/A 1.75 N/A N/A N/A 1.20 N/A
Brigden N/A N/A 1.75 N/A N/A N/A 1.20 N/A
Palmerston N/A N/A 1.76 1.34 N/A N/A 1.28 0.95
Varna 1.85 2.15 1.75 N/A 1.40 1.60 1.20 N/A
Mitchell 1.85 2.20 1.85 N/A 1.40 1.65 1.25 N/A
Thornton N/A N/A N/A 1.85 N/A N/A N/A N/A
North Gower N/A 1.75 1.75 1.00 N/A 1.67 1.47 0.90
W O Feed 2.38
TERMINAL
Port Colbor N/A N/A 2.12 N/A N/A N/A 1.57 N/A
PROCESSORS
Toledo FM N/A N/A 2.09 N/A N/A N/A 1.71 N/A
Toledo El. 5.39US 7.13CA 5.40US 7.14CA
GFO Contract Wheat Prices - DEL Terminal
Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.51 1.77 1.44 0.97
CAD $/bu 6.81 7.07 6.74 6.42
CAD $/tonne 250.15 259.87 247.72 235.81
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 478.08
DDG's FOB Srn & Aylm 205.00 - 210.00
DTN National HRS Index 12/10
