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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, May 25
Exchange rate was 1.2819 down 0.0007
Chicago soybeans closed mixed.

      JUL22   HI 16.97  3/4              NOV22     HI 15.24
             LOW 16.65  1/2                       LOW 14.95  1/4
            CLOSE16.81   Down 12                CLOSE 15.12  3/4  Down 4 3/4

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +JUL22+JUL22+SEP22
CK Low      4.70                         21.51 790.36  3.73        18.86 692.89
CK High     4.80                         21.61 794.03  3.75        18.88 693.63
CK Average  4.79                    0.04 21.60 793.51  3.75 -0.40  18.87 693.52
Essex Cty   4.80                         21.61 794.03  3.75        18.88 693.63
Mdsx Low    4.75                         21.56 792.19  3.70        18.83 691.79
Mdsx High   4.82                         21.63 794.77  3.75        18.88 693.63
Mdsx Average4.79                    0.04 21.60 793.66  3.73 -0.41  18.86 693.02
Hensall     4.80                         21.61 794.03  3.73        18.86 693.02
Bruce       4.70                         21.51 790.36  3.70        18.83 691.79
Putnam      4.80                         21.61 794.03  3.80        18.93 695.47
Burford     4.88                         21.69 796.97  3.81        18.94 695.83
Port Perry  4.73                         21.54 791.46  3.66        18.79 690.32
Norfolk     4.80                         21.61 794.03  3.80        18.93 695.47
Palmerston  4.75                         21.56 792.19  3.77        18.90 694.36
Varna       4.80                         21.61 794.03  3.70        18.83 691.79
Trenton     4.50                         21.31 783.01  3.75        18.88 693.63
Winchester  4.50                         21.31 783.01  3.77        18.90 694.36
North Gower 4.70                         21.51 790.36  3.70        18.83 691.79
Vankleek Hil4.73                         21.54 791.46  3.55        18.68 686.28
Huron FOB   4.87  4.92  4.98  4.99       21.68 796.60  3.73        18.86 692.89
Kent FOB    5.00                         21.81 801.38  3.75        18.88 693.63
Lambton FOB 4.90                         21.71 797.71  N/A
Mdsx FOB    4.99  5.05  5.11  N/A        21.80 801.01  3.92        19.05 699.88

PROCESSORS
Windsor     5.59                         22.40 823.06  4.08        19.21 705.75

TRANSFER
Hamilton    5.45                         22.26 817.91  4.40        19.53 717.51
Prescott     N/A                                       4.18        19.31 709.43
Port Colborn N/A                                       4.05        19.18 704.65

Toledo El.  0.19                         17.00 624.73 -0.45        14.68 539.36


Exchange rate was 1.2819 down 0.0007
Chicago wheat closed slightly to moderately lower.
JUL22      HI     11.58  1/2           SEP22   HI      11.66  1/4
           LOW    11.14  1/2                   LOW     11.23  1/4
           CLOSE  11.48  1/4  Down 6 1/2       CLOSE   11.56  3/4  Down 6 1/2

Minni wheat closed slightly higher.
JUL22      HI     12.84  3/4           SEP22   HI      12.84  3/4
           LOW    12.39  1/4                   LOW     12.37  3/4
           CLOSE  12.80  1/2  Up 3 1/4         CLOSE   12.80  1/2  Up 3 1/2



Direct MarkHarvest 2021                Harvest 2022
           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    2.35    N/A
London      2.38   2.44   1.99    N/A    2.94    2.49   2.10    N/A
Hensall     2.35    N/A   2.25    N/A    3.35    N/A    2.35    N/A
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    2.35    N/A
Bruce        N/A    N/A   2.20    N/A    3.25    2.65   2.35   1.60
Essex        N/A    N/A   2.15    N/A    N/A     N/A    2.30    N/A
Norwich     2.35    N/A   2.25    N/A    3.35    N/A    2.35    N/A
Port Hope    N/A    N/A    N/A    N/A    N/A     N/A    2.45    N/A
Kent Bridge 2.35    N/A   2.25    N/A    3.35    N/A    2.35    N/A
Chatham      N/A    N/A   2.15    N/A    N/A     N/A    2.30    N/A
Brigden      N/A    N/A   2.15    N/A    N/A     N/A    2.30    N/A
Palmerston   N/A   2.47   2.02   2.84    N/A     3.01   2.43    N/A
Varna       2.45   2.95   2.20    N/A    3.25    2.70   2.35    N/A
Mitchell    2.35   2.80   2.25    N/A    3.35    2.65   2.35    N/A
Thornton    2.38   2.44   1.99   1.96    2.94    2.49   2.10    N/A
North Gower  N/A    N/A    N/A    N/A    N/A     N/A    2.25    N/A
W O Feed                  2.87

TERMINAL
Port Colbor  N/A    N/A   2.45    N/A    N/A     N/A    2.50    N/A

PROCESSORS
Toledo FM    N/A    N/A   3.35    N/A    N/A     N/A    3.26    N/A

Toledo El. 11.33US       14.53CA       11.33US         14.52CA


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

FEED GRAINS
FOB Hm Soymeal            666.03
DDG's FOB Srn & Aylm     375.00 - 385.00

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