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MFA Incorporated 201 Ray Young Drive Columbia, MO 65201 573-874-5111 |
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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, May 8
Exchange rate was 1.3901 up 0.0137
Chicago soybeans closed slightly higher.
JUL25 HI 10.48 NOV25 HI 10.28 1/2
LOW 10.36 1/2 LOW 10.18 1/2
CLOSE10.45 Up 5 3/4 CLOSE 10.25 Up 3
OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt
ELEVATORS +JUL25+JUL25+AUG25
CK Low 3.05 13.50 496.04 2.89 13.14 482.81
CK High 3.10 13.55 497.88 2.95 13.20 485.02
CK Average 3.06 -0.73 13.51 496.27 2.91 -0.78 13.16 483.59
Essex Cty 3.10 13.55 497.88 2.90 13.15 483.18
Mdsx Low 3.05 13.50 496.04 2.89 13.14 482.81
Mdsx High 3.05 13.50 496.04 3.00 13.25 486.85
Mdsx Average3.05 -0.74 13.50 496.04 2.92 -0.78 13.17 483.84
Hensall 3.02 13.47 494.82 2.82 13.07 480.12
Bruce 3.05 13.50 496.04 2.90 13.15 483.18
Putnam 3.05 13.50 496.04 3.00 13.25 486.85
Guelph 2.90 13.35 490.53 2.77 13.02 478.40
Burford 3.09 13.54 497.51 2.93 13.18 484.28
Port Perry 2.89 13.34 490.16 2.73 12.98 476.93
Norfolk 3.05 13.50 496.04 2.90 13.15 483.18
Palmerston 3.00 13.45 494.20 2.80 13.05 479.51
Varna 3.00 13.45 494.20 2.80 13.05 479.51
Trenton 2.85 13.30 488.69 2.75 13.00 477.67
Winchester 2.93 13.38 491.63 3.01 13.26 487.22
North Gower 2.90 13.35 490.53 2.90 13.15 483.18
Vankleek Hil3.01 13.46 494.57 2.78 13.03 478.77
Huron FOB 3.15 3.17 3.23 N/A 13.60 499.71 N/A
Kent FOB 3.35 13.80 507.06 2.85 13.10 481.34
Lambton FOB 3.25 13.70 503.39 2.90 13.15 483.18
Mdsx FOB 3.18 3.32 3.32 3.30 13.63 500.82 3.05 13.30 488.69
PROCESSORS
Windsor 3.78 14.23 522.86 3.27 13.52 496.77
TRANSFER
Hamilton 3.70 14.15 519.92 3.40 13.65 501.55
Prescott N/A 3.10 13.35 490.53
Port Colborn3.61 14.06 516.62 3.54 13.79 506.70
Toledo El. 0.07 10.52 386.53 -0.76 9.49 348.53
Exchange rate was 1.3901 up 0.0137
Chicago wheat closed slightly lower.
JUL25 HI 5.38 1/2 JUL25 HI 5.38 1/2
LOW 5.25 1/2 LOW 5.25 1/2
CLOSE 5.29 1/4 Down 5 CLOSE 5.29 1/4 Down 5
Minni wheat closed slightly lower.
JUL25 HI 6.07 SEP25 HI 6.18 3/4
LOW 5.98 LOW 6.10
CLOSE 6.00 3/4 Down 2 1/4 CLOSE 6.12 1/2 Down 2 1/2
Direct MarkHarvest 2024 Harvest 2025
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 0.85 N/A N/A N/A 0.95 N/A
London N/A 1.86 0.82 N/A N/A 1.86 0.96 N/A
Hensall 1.85 1.80 0.85 1.50 2.00 1.90 0.95 1.55
Trenton N/A N/A N/A N/A N/A N/A 1.20 N/A
Bruce 1.55 1.85 0.85 1.40 1.65 1.75 0.95 1.20
Essex N/A N/A 0.90 N/A N/A N/A 1.00 N/A
Norwich 1.85 N/A 0.85 N/A 2.15 N/A 0.95 N/A
Winchester N/A N/A N/A N/A N/A N/A N/A N/A
Belmore 1.20 1.40 0.85 0.90 N/A 1.75 0.95 N/A
Kent Bridge 1.85 N/A 0.85 N/A 2.15 N/A 0.95 N/A
Chatham N/A N/A 0.90 N/A N/A N/A 1.00 N/A
Brigden N/A N/A 0.90 N/A N/A N/A 1.00 N/A
Palmerston 1.20 1.40 0.85 0.90 N/A 1.75 0.95 N/A
Varna 1.85 1.80 0.85 N/A 2.00 N/A 0.95 N/A
Mitchell 1.85 N/A 0.85 N/A 2.15 N/A 0.95 N/A
Thornton N/A 1.86 0.82 1.57 N/A 1.86 0.96 N/A
North Gower N/A 0.90 1.10 0.92 N/A 1.30 1.50 0.97
W O Feed 1.77
TERMINAL
Port Colbor N/A N/A 1.57 N/A N/A N/A 1.64 N/A
PROCESSORS
Toledo FM N/A N/A 1.65 N/A N/A N/A 1.72 N/A
Toledo El. 4.89US 6.80CA 4.99US 6.94CA
(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange
FEED GRAINS
FOB Hm Soymeal 473.67
DDG's FOB Aylm 250.00
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