Hoffman Ag Services Wednesday, July 24, 2024  
 
 
 
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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, July 23
Exchange rate was 1.3754 up 0.0025
Chicago soybeans closed slightly higher.

      NOV24   HI 10.86  3/4              NOV24     HI 10.86  3/4
             LOW 10.63  3/4                       LOW 10.63  3/4
            CLOSE10.75  1/2  Up 6 3/4           CLOSE 10.75  1/2  Up 6 3/4

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +NOV24+NOV24+NOV24
CK Low      3.72                         14.48 531.87  2.95        13.71 503.57
CK High     3.85                         14.61 536.64  3.10        13.86 509.08
CK Average  3.80                   -0.17 14.56 534.80  2.99 -0.76  13.75 505.20
Essex Cty   3.85                         14.61 536.64  3.00        13.76 505.41
Mdsx Low    3.75                         14.51 532.97  2.95        13.71 503.57
Mdsx High   3.85                         14.61 536.64  3.10        13.86 509.08
Mdsx Average3.78                   -0.19 14.54 534.16  3.00 -0.75  13.76 505.50
Hensall     3.74                         14.50 532.60  2.85        13.61 499.90
Bruce       3.65                         14.41 529.29  2.85        13.61 499.90
Putnam      3.75                         14.51 532.97  3.10        13.86 509.08
Guelph      3.75                         14.51 532.97  3.00        13.76 505.41
Burford     3.83                         14.59 535.91  3.01        13.77 505.78
Port Perry  3.67                         14.43 530.03  2.85        13.61 499.90
Norfolk     3.85                         14.61 536.64  3.00        13.76 505.41
Palmerston  3.72                         14.48 531.87  2.80        13.56 498.06
Varna       3.72                         14.48 531.87  2.80        13.56 498.06
Trenton      N/A                                       2.75        13.51 496.22
Winchester  3.11                         13.87 509.45  2.70        13.46 494.39
North Gower 3.42                         14.18 520.84  2.75        13.51 496.22
Vankleek Hil2.90                         13.66 501.74  2.72        13.48 495.12
Huron FOB   3.75  3.80  N/A   N/A        14.51 532.97  2.80        13.56 498.06
Kent FOB    3.85                         14.61 536.64  2.95        13.71 503.57
Lambton FOB 3.58                         14.34 526.72  N/A
Mdsx FOB    3.46  3.79  N/A   N/A        14.22 522.31  3.00        13.76 505.41

PROCESSORS
Windsor     4.15                         14.91 547.66  3.40        14.16 520.11

TRANSFER
Hamilton    4.35                         15.11 555.01  3.50        14.26 523.78
Prescott     N/A                                       3.32        14.08 517.17
Port Colborn3.62                         14.38 528.19  3.62        14.38 528.19

Toledo El.  0.55                         11.31 415.39 -0.83        9.93  364.86


Exchange rate was 1.3754 up 0.0025
Chicago wheat closed slightly lower.
SEP24      HI     5.52                 JUL25   HI         6.12
           LOW    5.40  1/2                    LOW     6.02  1/2
           CLOSE  5.42  3/4  Down 5 1/4        CLOSE   6.04   Down 4 1/4

Minni wheat closed slightly to moderately lower.
SEP24      HI     6.29  1/2            SEP25   HI      6.68  1/4
           LOW    6.12  3/4                    LOW     6.56  1/4
           CLOSE  6.15  1/2  Down 7 1/4        CLOSE   6.64  1/2  Down 1 3/4



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   1.00    N/A    N/A     N/A    1.15    N/A
London      1.84   1.84   0.96    N/A    1.52    1.72   1.10    N/A
Hensall     1.85   1.85   1.10   1.45    1.80    1.95   1.15    N/A
Trenton      N/A    N/A   0.95    N/A    N/A     N/A    1.05    N/A
Bruce       1.75   1.85   1.15   1.20    1.75    1.85   1.15    N/A
Essex        N/A    N/A   0.95    N/A    N/A     N/A    1.15    N/A
Norwich     1.90    N/A   1.00    N/A    1.85    N/A    1.15    N/A
Winchester   N/A    N/A   1.11    N/A    N/A     N/A     N/A    N/A
Belmore     1.30   1.70   1.15   1.05    N/A     1.55   1.15    N/A
Kent Bridge 1.90    N/A   1.00    N/A    1.85    N/A    1.15    N/A
Chatham      N/A    N/A   1.00    N/A    N/A     N/A    1.15    N/A
Brigden      N/A    N/A   1.00    N/A    N/A     N/A    1.15    N/A
Palmerston  1.30   1.70   1.15   1.05    N/A     1.55   1.15    N/A
Varna       1.85   1.85   1.10    N/A    1.80    1.95   1.15    N/A
Mitchell    1.90   1.85   1.00    N/A    1.85    1.90   1.15    N/A
Thornton    1.84   1.84   0.96   1.43    1.52    1.72   1.10    N/A
North Gower  N/A   1.05   1.35   1.02    N/A     1.00   1.30   0.67
W O Feed                  1.60

TERMINAL
Port Colbor  N/A    N/A   1.35    N/A    N/A     N/A    1.44    N/A

PROCESSORS
Toledo FM    N/A    N/A    N/A    N/A    N/A     N/A     N/A    N/A

Toledo El. 5.08US        6.98CA         5.79US         7.96CA


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

FEED GRAINS
FOB Hm Soymeal            603.75
DDG's FOB Aylm            205.00

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