FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, May 5
Exchange rate was 1.3785 up 0.0006
Chicago soybeans closed slightly to moderately lower.

      JUL25   HI 10.57                   NOV25     HI 10.30
             LOW 10.44  1/4                       LOW 10.20
            CLOSE10.45  1/2  Down 12 1/2        CLOSE 10.22  1/4  Down 8 1/4

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +JUL25+JUL25+AUG25
CK Low      3.00                         13.46 494.39  2.84        13.06 479.96
CK High     3.05                         13.51 496.22  2.90        13.12 482.17
CK Average  3.01                   -0.68 13.47 494.89  2.86 -0.73  13.08 480.75
Essex Cty   3.05                         13.51 496.22  2.85        13.07 480.33
Mdsx Low    3.00                         13.46 494.39  2.84        13.06 479.96
Mdsx High   3.01                         13.47 494.75  2.95        13.17 484.01
Mdsx Average3.00                   -0.69 13.46 494.46  2.87 -0.73  13.09 480.99
Hensall     3.03                         13.49 495.61  2.82        13.04 479.11
Bruce       3.00                         13.46 494.39  2.80        13.02 478.49
Putnam      3.00                         13.46 494.39  2.95        13.17 484.01
Guelph      3.00                         13.46 494.39  2.83        13.05 479.60
Burford     3.05                         13.51 496.22  2.88        13.10 481.43
Port Perry  2.85                         13.31 488.88  2.68        12.90 474.09
Norfolk     3.00                         13.46 494.39  2.85        13.07 480.33
Palmerston  3.05                         13.51 496.22  2.80        13.02 478.49
Varna       3.05                         13.51 496.22  2.80        13.02 478.49
Trenton     2.85                         13.31 488.88  2.65        12.87 472.98
Winchester  2.87                         13.33 489.61  2.87        13.09 481.07
North Gower 2.90                         13.36 490.71  2.90        13.12 482.17
Vankleek Hil2.95                         13.41 492.55  2.70        12.92 474.82
Huron FOB   3.09  3.11  3.18  N/A        13.55 497.69  N/A
Kent FOB    3.30                         13.76 505.41  2.80        13.02 478.49
Lambton FOB 3.25                         13.71 503.57  2.90        13.12 482.17
Mdsx FOB    3.13  3.27  3.27  3.24       13.59 499.16  2.98        13.20 485.11

PROCESSORS
Windsor     3.67                         14.13 519.00  3.15        13.37 491.36

TRANSFER
Hamilton    3.65                         14.11 518.27  3.35        13.57 498.70
Prescott     N/A                                       3.02        13.24 486.58
Port Colborn3.50                         13.96 512.76  3.46        13.68 502.75

Toledo El.  0.07                         10.52 386.69 -0.76        9.46  347.75


Exchange rate was 1.3785 up 0.0006
Chicago wheat closed moderately lower.
JUL25      HI     5.48                 JUL25   HI         5.48
           LOW    5.30  3/4                    LOW     5.30  3/4
           CLOSE  5.31  1/4  Down 11 3/4       CLOSE   5.31  1/4  Down 11 3/4

Minni wheat closed slightly lower.
JUL25      HI     6.16  3/4            SEP25   HI      6.27  1/2
           LOW    6.06  1/4                    LOW     6.17  3/4
           CLOSE  6.09  1/2  Down 1 1/2        CLOSE   6.20  3/4  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   0.85    N/A    N/A     N/A    0.95    N/A
London       N/A   1.84   0.80    N/A    N/A     1.84   0.94    N/A
Hensall     1.85   1.80   0.85   1.50    2.00    1.90   0.95   1.55
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.20    N/A
Bruce       1.55   1.85   0.85   1.20    1.65    1.75   0.95   1.20
Essex        N/A    N/A   0.85    N/A    N/A     N/A    0.95    N/A
Norwich     1.85    N/A   0.85    N/A    2.15    N/A    0.95    N/A
Winchester   N/A    N/A    N/A    N/A    N/A     N/A     N/A    N/A
Belmore     1.20   1.40   0.85   0.90    N/A     1.75   0.95    N/A
Kent Bridge 1.85    N/A   0.85    N/A    2.15    N/A    0.95    N/A
Chatham      N/A    N/A   0.85    N/A    N/A     N/A    0.95    N/A
Brigden      N/A    N/A   0.85    N/A    N/A     N/A    0.95    N/A
Palmerston  1.20   1.40   0.85   0.90    N/A     1.75   0.95    N/A
Varna       1.85   1.80   0.85    N/A    2.00    N/A    0.95    N/A
Mitchell    1.85    N/A   0.85    N/A    2.15    N/A    0.95    N/A
Thornton     N/A   1.84   0.80   1.56    N/A     1.84   0.94    N/A
North Gower  N/A   0.90   1.10   0.92    N/A     1.30   1.50   0.97
W O Feed                  1.72

TERMINAL
Port Colbor  N/A    N/A   1.56    N/A    N/A     N/A    1.62    N/A

PROCESSORS
Toledo FM    N/A    N/A   1.60    N/A    N/A     N/A    1.80    N/A

Toledo El. 4.91US        6.77CA         5.01US         6.91CA


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

FEED GRAINS
FOB Hm Soymeal            467.94
DDG's FOB Aylm            250.00