Dakotaland Feeds, LLC

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, April 23


FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, April 23
Exchange rate was 1.2829 up 0.0094
Chicago soybeans closed slightly lower.

MAY18 HI 10.33 1/4 NOV18 HI 10.39 1/2
LOW 10.17 1/4 LOW 10.25 3/4
CLOSE10.20 3/4 Down 8 CLOSE 10.28 1/4 Down 6 3/4

OLD CROP NEW CROP
Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt
ELEVATORS +MAY1+JUL1+JUL18
CK Low 2.10 12.31 452.222.25 12.53 460.49
CK High 2.35 12.56 461.412.40 12.68 466.00
CK Average 2.26 -0.4912.47 458.162.33 -0.4512.61 463.37
Essex Cty 2.35 12.56 461.412.30 12.58 462.33
Mdsx Low 2.27 12.48 458.472.35 12.63 464.16
Mdsx High 2.30 12.51 459.572.37 12.65 464.90
Mdsx Average 2.29 -0.4712.49 459.022.36 -0.4312.64 464.53
Hensall 2.28 12.48 458.652.35 12.63 464.16
Bruce 2.30 12.51 459.572.30 12.58 462.33
Putnam 2.30 12.51 459.572.35 12.63 464.16
Burford 2.34 12.55 461.042.44 12.72 467.47
Port Perry 2.27 12.48 458.472.37 12.65 464.90
Norfolk 2.25 12.46 457.732.40 12.68 466.00
Palmerston 2.15 12.36 454.062.40 12.68 466.00
Varna 2.20 12.41 455.902.25 12.53 460.49
Trenton 2.15 12.36 454.062.30 12.58 462.33
Winchester 2.10 12.31 452.222.34 12.62 463.80
North Gower 1.99 12.20 448.182.18 12.46 457.92
Huron FOB 2.35 12.56 461.412.45 12.73 467.84
Kent FOB 2.40 12.61 463.252.35 12.63 464.16
Lambton FOB 2.40 12.61 463.252.50 12.78 469.68
Middlesex FOB2.44 2.52 2.52 2.59 12.65 464.722.54 12.82 471.15


TRANSFER
Hamilton N/A 2.80 13.08 480.70
Prescott 2.10 12.31 452.222.63 12.91 474.45

Toledo El. -0.27 9.94 365.16-0.32 9.96 366.03


Exchange rate was 1.2829 up 0.0094
Chicago wheat closed slightly lower.
MAY18 HI 4.69 JUL18 HI 4.83 1/4
LOW 4.58 3/4 LOW 4.72 1/4
CLOSE 4.61 1/2 Down 1 3/4 CLOSE 4.74 1/2 Down 2 3/4

Minni wheat closed moderately lower to lower.
MAY18 HI 6.03 1/2 SEP18 HI 6.13 1/4
LOW 5.87 3/4 LOW 6.01 3/4
CLOSE 5.88 Down 12 CLOSE 6.02 Down 9 1/2

GFO Cash Wheat Prices - DEL Terminal
Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.24 1.18 0.98 0.32
CAD $/bu 5.86 5.79 5.60 6.20
CAD $/tonne 215.18 212.83 205.76 227.67


Direct MarkHarvest 2017 Harvest 2018
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 0.85 N/A
London 1.10 1.10 0.91 N/A 1.20 1.00 0.94 N/A
Hensall 1.10 N/A 0.85 N/A 1.15 N/A 0.90 N/A
Trenton N/A N/A N/A N/A N/A N/A 1.00 N/A
Bruce 1.10 1.10 0.85 0.25 1.15 1.00 0.90 0.50
Essex N/A N/A 0.47 N/A N/A N/A 0.81 N/A
Norwich 1.10 N/A 0.85 N/A 1.15 N/A 0.90 N/A
Port Hope N/A N/A 0.85 N/A N/A 1.00 1.00 N/A
Kent Bridge 1.10 N/A 0.85 N/A 1.15 N/A 0.90 N/A
Chatham N/A N/A 0.90 N/A N/A N/A 0.95 N/A
Brigden N/A N/A 0.90 N/A N/A N/A 0.95 N/A
Palmerston N/A 1.00 0.90 0.25 N/A 0.90 0.85 0.35
Varna 1.15 1.20 0.85 N/A 1.10 1.10 0.90 N/A
Mitchell 1.10 1.10 0.85 N/A 1.15 1.00 0.90 N/A
Thornton N/A N/A N/A 1.13 N/A N/A N/A N/A
North Gower N/A 1.04 0.90 0.10 N/A 1.19 1.13 0.22
W O Feed 1.44


PROCESSORS
Toledo FM N/A N/A 1.43 N/A N/A N/A 1.34 N/A

Toledo El. 4.80US 6.15CA 4.80US 6.15CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)
Basis 1.21 1.09 1.02 0.29
CAD $/bu 5.96 5.83 5.77 6.31
CAD $/tonne 218.95 214.24 211.88 231.92

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

FEED GRAINS
FOB Hm Soymeal 548.08
DDG's FOB Srn & Aylm 245.00 - 250.00

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