FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, May 9
Exchange rate was 1.3671 down 0.0047
Chicago soybeans closed slightly to moderately lower.

      JUL24   HI 12.36  3/4              NOV24     HI 12.19  1/2
             LOW 12.06  1/4                       LOW 11.98
            CLOSE12.08  1/2  Down 19 1/4        CLOSE 12.00  1/2  Down 12 1/2

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +JUL24+JUL24+AUG24
CK Low      3.45                         15.54 570.81  3.30        15.31 562.36
CK High     3.55                         15.64 574.49  3.50        15.51 569.71
CK Average  3.49                   -0.69 15.58 572.39  3.35 -0.77  15.36 564.36
Essex Cty   3.55                         15.64 574.49  3.35        15.36 564.20
Mdsx Low    3.40                         15.49 568.98  3.28        15.29 561.63
Mdsx High   3.45                         15.54 570.81  3.30        15.31 562.36
Mdsx Average3.44                   -0.73 15.52 570.35  3.30 -0.81  15.30 562.18
Hensall     3.43                         15.52 570.20  3.28        15.29 561.75
Bruce       3.40                         15.49 568.98  3.20        15.21 558.69
Putnam      3.45                         15.54 570.81  3.30        15.31 562.36
Guelph      3.40                         15.49 568.98  3.25        15.26 560.53
Burford     3.45                         15.54 570.81  3.33        15.34 563.46
Port Perry  3.29                         15.38 564.93  3.17        15.18 557.59
Norfolk     3.45                         15.54 570.81  3.35        15.36 564.20
Palmerston  3.45                         15.54 570.81  3.30        15.31 562.36
Varna       3.45                         15.54 570.81  3.30        15.31 562.36
Trenton     3.15                         15.24 559.79  3.25        15.26 560.53
Winchester  3.29                         15.38 564.93  3.05        15.06 553.18
North Gower 2.90                         14.99 550.60  2.95        14.96 549.50
Vankleek Hil3.38                         15.47 568.24  3.20        15.21 558.69
Huron FOB   3.64  3.62  3.65  N/A        15.73 577.79  3.30        15.31 562.36
Kent FOB    3.75                         15.84 581.84  3.30        15.31 562.36
Lambton FOB 3.61                         15.70 576.69  N/A
Mdsx FOB    3.56  3.62  3.76  3.76       15.65 574.86  3.39        15.40 565.67

PROCESSORS
Windsor     4.09                         16.18 594.33  3.83        15.84 581.84

TRANSFER
Hamilton    3.95                         16.04 589.19  3.85        15.86 582.57
Prescott     N/A                                       3.77        15.78 579.63
Port Colborn N/A                                       3.94        15.95 585.88

Toledo El.  -0.55                        11.54 423.95 -0.75        11.25 413.48


Exchange rate was 1.3671 down 0.0047
Chicago wheat closed slightly higher.
JUL24      HI     6.47  1/2            JUL24   HI      6.47  1/2
           LOW    6.31  1/2                    LOW     6.31  1/2
           CLOSE  6.37  1/2  Up 3 1/2          CLOSE   6.37  1/2  Up 3 1/2

Minni wheat closed slightly higher.
JUL24      HI        7.16              SEP24   HI      7.22  1/4
           LOW    6.99  3/4                    LOW        7.06
           CLOSE  7.03  3/4  Up 1              CLOSE   7.10  1/4  Up 1 1/2



Direct MarkHarvest 2023                Harvest 2024
           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   1.40    N/A    N/A     N/A    1.40    N/A
London      1.72   1.93   1.38    N/A    2.06    1.97   1.38    N/A
Hensall     1.50   1.85   1.40   1.35    1.85    1.85   1.40   1.25
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.40    N/A
Bruce        N/A   1.80   1.40    N/A    1.70    1.80   1.40   0.95
Essex        N/A    N/A   1.40    N/A    N/A     N/A    1.40    N/A
Norwich      N/A    N/A   1.40    N/A    1.95    N/A    1.40    N/A
Belmore      N/A    N/A    N/A   1.05    1.30    1.50   1.40    N/A
Kent Bridge  N/A    N/A   1.40    N/A    1.95    N/A    1.40    N/A
Chatham      N/A    N/A   1.40    N/A    N/A     N/A    1.40    N/A
Brigden      N/A    N/A   1.40    N/A    N/A     N/A    1.40    N/A
Palmerston   N/A    N/A    N/A   1.05    1.30    1.50   1.40    N/A
Varna       1.50   1.85   1.40    N/A    1.85    1.85   1.40    N/A
Mitchell     N/A    N/A   1.40    N/A    1.95    1.80   1.40    N/A
Thornton    1.72   1.93   1.38   1.28    2.06    1.97   1.38    N/A
North Gower  N/A   1.20   1.50   1.12    N/A     1.20   1.50   0.97
W O Feed                  2.28

TERMINAL
Port Colbor  N/A    N/A   2.06    N/A    N/A     N/A    1.92    N/A

PROCESSORS
Toledo FM    N/A    N/A   2.00    N/A    N/A     N/A    2.14    N/A

Toledo El. 6.10US        8.33CA         6.13US         8.37CA


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

FEED GRAINS
FOB Hm Soymeal            620.50
DDG's FOB Aylm            255.00