Hoffman Ag Services Thursday, October 6, 2022  
 
 
 
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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, October 6
Exchange rate was 1.374 up 0.0129
Chicago soybeans closed slightly lower.

      NOV22   HI 13.76  3/4              NOV23     HI 13.61
             LOW 13.50                            LOW 13.41  1/4
            CLOSE13.58   Down 11 3/4            CLOSE 13.51   Down 2 1/4

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +NOV22+JAN23+JAN23
CK Low      4.50                         18.08 664.33  3.95        17.46 641.55
CK High     4.65                         18.23 669.84  4.25        17.76 652.57
CK Average  4.59                   -0.35 18.17 667.79  4.10 -0.69  17.61 647.16
Essex Cty   4.65                         18.23 669.84  4.10        17.61 647.06
Mdsx Low    4.60                         18.18 668.00  4.15        17.66 648.89
Mdsx High   4.70                         18.28 671.68  4.21        17.72 651.10
Mdsx Average4.65                   -0.31 18.23 669.84  4.17 -0.65  17.68 649.45
Hensall     4.58                         18.16 667.39  4.15        17.66 648.89
Bruce       4.60                         18.18 668.00  4.10        17.61 647.06
Putnam      4.55                         18.13 666.16  4.05        17.56 645.22
Burford     4.72                         18.30 672.41  4.28        17.79 653.67
Port Perry  4.56                         18.14 666.53  4.12        17.63 647.79
Norfolk     4.65                         18.23 669.84  4.15        17.66 648.89
Palmerston  4.69                         18.27 671.31  N/A
Varna       4.60                         18.18 668.00  4.10        17.61 647.06
Trenton     4.60                         18.18 668.00  4.10        17.61 647.06
Winchester  4.70                         18.28 671.68  4.11        17.62 647.42
North Gower 4.85                         18.43 677.19  4.15        17.66 648.89
Vankleek Hil4.94                         18.52 680.49  4.16        17.67 649.26
Huron FOB   4.72  4.89  4.80  4.59       18.30 672.41  N/A
Kent FOB    4.60                         18.18 668.00  4.15        17.66 648.89
Lambton FOB 4.80                         18.38 675.35  N/A
Mdsx FOB    4.96  5.01  N/A   N/A        18.54 681.23  N/A

PROCESSORS
Windsor     5.25                         18.83 691.88  4.54        18.05 663.22

TRANSFER
Hamilton    5.30                         18.88 693.72  4.55        18.06 663.59
Prescott    4.97                         18.55 681.60  4.16        17.67 649.26
Port Colborn5.54                         19.12 702.54  4.68        18.19 668.37

Toledo El.  -0.34                        13.24 486.36 -0.62        12.89 473.69


Exchange rate was 1.374 up 0.0129
Chicago wheat closed moderately lower.
DEC22      HI     9.07  3/4            JUL23   HI      9.13  3/4
           LOW    8.73  1/4                    LOW        8.85
           CLOSE  8.79   Down 23               CLOSE   8.91  1/4  Down 18

Minni wheat closed moderately lower.
DEC22      HI        9.87              SEP23   HI      9.57  3/4
           LOW    9.58  1/2                    LOW     9.35  1/4
           CLOSE  9.62  1/2  Down 19           CLOSE   9.41   Down 17



Direct MarkHarvest 2022                Harvest 2023
           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   1.75    N/A    N/A     N/A    1.85    N/A
London      3.77   2.40   1.56    N/A    3.38    2.42   1.85    N/A
Hensall     4.70    N/A   1.75    N/A    3.10    N/A    1.85    N/A
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.85    N/A
Bruce       2.75   2.35   1.75   1.15    2.85    2.35   1.85   1.00
Essex        N/A    N/A   1.70    N/A    N/A     N/A    1.85    N/A
Norwich     4.70    N/A   1.75    N/A    3.10    N/A    1.85    N/A
Port Hope    N/A    N/A   1.55    N/A    N/A     N/A    1.85    N/A
Kent Bridge 4.70    N/A   1.75    N/A    3.10    N/A    1.85    N/A
Chatham      N/A    N/A   1.70    N/A    N/A     N/A    1.85    N/A
Brigden      N/A    N/A   1.70    N/A    N/A     N/A    1.85    N/A
Palmerston   N/A    N/A    N/A    N/A    N/A     N/A     N/A    N/A
Varna       4.25   2.60   1.75    N/A    3.05    2.40   1.85    N/A
Mitchell    4.70   2.45   1.75    N/A    3.10    2.35   1.85    N/A
Thornton    3.77   2.40   1.56   2.51    3.38    2.42   1.85    N/A
North Gower  N/A   1.05   1.45   1.37    N/A     1.35   1.75   1.37
W O Feed                  2.53

TERMINAL
Port Colbor  N/A    N/A   2.05    N/A    N/A     N/A    2.15    N/A

PROCESSORS
Toledo FM    N/A    N/A   3.36    N/A    N/A     N/A    3.20    N/A

Toledo El. 8.49US        11.67CA        8.81US         12.11CA


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

FEED GRAINS
FOB Hm Soymeal            703.73
DDG's FOB Srn & Aylm     300.00 - 345.00

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