FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, January 23
Exchange rate was 1.4323 down 0.0015
Chicago soybeans closed slightly higher.

      MAR25   HI 10.76  1/4              NOV25     HI 10.61  3/4
             LOW 10.47  3/4                       LOW 10.42
            CLOSE10.65  1/2  Up 9 1/2           CLOSE 10.53  1/4  Up 6 1/2

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +MAR25+MAR25+MAY25
CK Low      3.43                         14.09 517.54  3.35        13.88 510.09
CK High     3.50                         14.16 520.11  3.40        13.93 511.93
CK Average  3.47                   -0.79 14.13 519.10  3.36 -0.83  13.89 510.37
Essex Cty   3.50                         14.16 520.11  3.35        13.88 510.09
Mdsx Low    3.43                         14.09 517.54  3.35        13.88 510.09
Mdsx High   3.50                         14.16 520.11  3.36        13.89 510.46
Mdsx Average3.47                   -0.80 14.12 518.86  3.35 -0.84  13.88 510.17
Hensall     3.45                         14.11 518.27  3.30        13.83 508.26
Bruce       3.45                         14.11 518.27  3.30        13.83 508.26
Putnam      3.50                         14.16 520.11  3.35        13.88 510.09
Guelph      3.40                         14.06 516.43  3.28        13.81 507.52
Burford     3.47                         14.13 519.00  3.40        13.93 511.93
Port Perry  3.27                         13.93 511.66  3.20        13.73 504.58
Norfolk     3.45                         14.11 518.27  3.35        13.88 510.09
Palmerston  3.45                         14.11 518.27  3.30        13.83 508.26
Varna       3.45                         14.11 518.27  3.30        13.83 508.26
Trenton     3.30                         13.96 512.76  3.20        13.73 504.58
Winchester  2.89                         13.55 497.69  3.07        13.60 499.81
North Gower 2.95                         13.61 499.90  3.00        13.53 497.23
Vankleek Hil3.30                         13.96 512.76  3.23        13.76 505.69
Huron FOB   3.51  3.62  3.70  N/A        14.17 520.47  N/A
Kent FOB    3.65                         14.31 525.62  3.35        13.88 510.09
Lambton FOB 3.55                         14.21 521.94  3.35        13.88 510.09
Mdsx FOB    3.55  3.69  3.76  3.74       14.21 521.94  3.49        14.02 515.24

PROCESSORS
Windsor     4.04                         14.70 539.95  3.77        14.30 525.53

TRANSFER
Hamilton    3.95                         14.61 536.64  3.90        14.43 530.30
Prescott     N/A                                       3.80        14.33 526.63
Port Colborn3.76                         14.42 529.66  4.01        14.54 534.35

Toledo El.  -0.26                        10.40 382.03 -0.79        9.74  358.06


Exchange rate was 1.4323 down 0.0015
Chicago wheat closed steady.
MAR25      HI     5.59                 JUL25   HI      5.82  3/4
           LOW    5.48                         LOW     5.72  1/2
           CLOSE  5.54   Unchanged             CLOSE   5.78  1/4  Unchanged

Minni wheat closed slightly lower.
MAR25      HI     6.07  3/4            SEP25   HI         6.37
           LOW       6.01                      LOW     6.33  1/4
           CLOSE  6.04  1/2  Down 2            CLOSE   6.34  3/4  Down 2 1/4



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   1.20    N/A    N/A     N/A    1.30    N/A
London       N/A   1.92   1.13    N/A    N/A     2.02   1.23    N/A
Hensall     2.10   2.10   1.20   1.70    2.00    2.10   1.30   1.65
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.30    N/A
Bruce       1.90   2.00   1.20   1.25    2.00    2.10   1.30   1.20
Essex        N/A    N/A   1.20    N/A    N/A     N/A    1.30    N/A
Norwich     2.15    N/A   1.20    N/A    2.05    N/A    1.30    N/A
Winchester   N/A    N/A    N/A    N/A    N/A     N/A     N/A    N/A
Belmore     1.20   1.40   1.20   0.85    N/A     1.55   1.30    N/A
Kent Bridge 2.15    N/A   1.20    N/A    2.05    N/A    1.30    N/A
Chatham      N/A    N/A   1.20    N/A    N/A     N/A    1.30    N/A
Brigden      N/A    N/A   1.20    N/A    N/A     N/A    1.30    N/A
Palmerston  1.20   1.40   1.20   0.85    N/A     1.55   1.30    N/A
Varna       2.10   2.10   1.20    N/A    2.00    2.40   1.30    N/A
Mitchell    2.15   2.10   1.20    N/A    2.05    2.10   1.30    N/A
Thornton     N/A   1.92   1.13   1.36    N/A     2.02   1.23    N/A
North Gower  N/A   0.80   1.00   0.77    N/A     1.09   1.29   0.77
W O Feed                  2.01

TERMINAL
Port Colbor  N/A    N/A   1.69    N/A    N/A     N/A    1.72    N/A

PROCESSORS
Toledo FM    N/A    N/A   2.18    N/A    N/A     N/A    2.28    N/A

Toledo El. 5.24US        7.51CA         5.53US         7.92CA


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

FEED GRAINS
FOB Hm Soymeal            529.45
DDG's FOB Aylm            250.00