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DTN News

DTN Grain News

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, February 25

2/25/2020 - 14:45:00

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, February 25
Exchange rate was 1.327 down 0.0014
Chicago soybeans closed slightly higher.

       MAR20   HI 8.80  3/4           NOV20    HI 9.11
              LOW 8.73  1/4                   LOW 9.04
             CLOSE8.79   Up 4 3/4           CLOSE 9.10  1/2  Up 5 1/2

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt
ELEVATORS         +MAR2+MAY2+MAY20
CK Low       2.45                     11.24 413.002.25      11.36 417.22
CK High      2.50                     11.29 414.842.25      11.36 417.22
CK Average   2.49                -0.2911.28 414.532.25 -0.5511.36 417.22
Essex Cty    2.50                     11.29 414.842.25      11.36 417.22
Mdsx Low     2.46                     11.25 413.372.23      11.34 416.49
Mdsx High    2.50                     11.29 414.842.25      11.36 417.22
Mdsx Average 2.48                -0.3011.27 414.102.24 -0.5611.35 416.86
Hensall      2.50                     11.29 414.842.25      11.36 417.22
Bruce        2.50                     11.29 414.842.25      11.36 417.22
Putnam       2.50                     11.29 414.842.25      11.36 417.22
Burford      2.53                     11.32 415.942.30      11.41 419.06
Port Perry   2.45                     11.24 413.002.22      11.33 416.12
Norfolk      2.50                     11.29 414.842.25      11.36 417.22
Palmerston   2.47                     11.26 413.732.33      11.44 420.16
Varna        2.50                     11.29 414.842.25      11.36 417.22
Trenton      2.50                     11.29 414.842.25      11.36 417.22
Winchester   2.50                     11.29 414.842.30      11.41 419.06
North Gower  2.42                     11.21 411.902.33      11.44 420.16
Huron FOB    2.65                     11.44 420.352.35      11.46 420.90
Kent FOB     2.65                     11.44 420.352.25      11.36 417.22
Lambton FOB  2.70                     11.49 422.192.45      11.56 424.57
Middlesex FOB2.66 2.66 2.55  N/A      11.45 420.722.35      11.46 420.90

PROCESSORS
Windsor      3.01                     11.80 433.582.51      11.62 426.78

TRANSFER
Hamilton     3.05                     11.84 435.052.70      11.81 433.76
Prescott      N/A                                 2.45      11.56 424.57
Port Colborne2.68                     11.47 421.452.76      11.87 435.96

Toledo El.   0.13                      8.92 327.85-0.40      8.71 319.92


Exchange rate was 1.327 down 0.0014
Chicago wheat closed narrowly mixed.
MAR20      HI     5.41  1/4             JUL20   HI      5.40  3/4
           LOW    5.30  3/4                     LOW     5.30  1/4
           CLOSE  5.39   Up 2 3/4               CLOSE   5.37  1/4  Up  1/2

Minni wheat closed slightly higher.
MAR20      HI     5.16  3/4             SEP20   HI      5.49  1/4
           LOW    5.12  1/2                     LOW     5.45  1/4
           CLOSE  5.16   Up 2                   CLOSE   5.48  3/4  Up 2

GFO Cash Wheat Prices - DEL Terminal
Harvest 19        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 2.03          2.23            2.03          1.29
CAD $/bu              7.42          7.62            7.42          6.45
CAD $/tonne         272.55        279.87          272.55        236.96


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     N/A    N/A    N/A     N/A    1.30    N/A
London      1.87    2.14   1.80    N/A    1.40    1.67   1.20    N/A
Hensall     1.88    N/A    1.88    N/A    1.50    N/A    1.30    N/A
Trenton      N/A    N/A     N/A    N/A    N/A     N/A    1.30    N/A
Bruce       1.95    2.15   1.95   1.90    1.50    1.70   1.30   1.30
Essex        N/A    N/A    1.85    N/A    N/A     N/A    1.25    N/A
Norwich     1.88    N/A    1.88    N/A    1.50    N/A    1.30    N/A
Port Hope    N/A    N/A    1.80    N/A    N/A     N/A    1.30    N/A
Kent Bridge 1.88    N/A    1.88    N/A    1.50    N/A    1.30    N/A
Chatham      N/A    N/A    1.85    N/A    N/A     N/A    1.25    N/A
Brigden      N/A    N/A    1.85    N/A    N/A     N/A    1.25    N/A
Palmerston   N/A    2.29   1.83   1.75    N/A     1.64   1.24   1.20
Varna       2.00    2.15   1.90    N/A    1.50    1.70   1.30    N/A
Mitchell    1.88    2.13   1.88    N/A    1.50    1.65   1.30    N/A
Thornton     N/A    N/A     N/A   2.04    N/A     N/A     N/A    N/A
North Gower  N/A    2.00   1.85   1.00    N/A     1.81   1.56   0.95
W O Feed                   2.41

TERMINAL
Port Colbor  N/A    N/A    2.20    N/A    N/A     N/A    1.60    N/A

PROCESSORS
Toledo FM    N/A    N/A    2.09    N/A    N/A     N/A    1.89    N/A

Toledo El. 5.54US         7.35CA        5.47US          7.26CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 20        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.56          1.82            1.56          1.06
CAD $/bu              6.93          7.20            6.93          6.55
CAD $/tonne         254.65        264.41          254.65        240.76

(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange

FEED GRAINS
FOB Hm Soymeal            437.63
DDG's FOB Srn & Aylm      230.00 - 235.00

DTN Market Commentary