FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, December 29

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, December 29 Bank of Canada Noon exchange rate was 1.385 up 0.0005 Chicago soybeans closed slightly higher. MAR16 HI 8.72 NOV16 HI 8.90 LOW 8.61 LOW 8.80 CLOSE8.65 3/4 Up 4 1/2 CLOSE 8.85 1/4 Up 5 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY16 CK Low 2.80 11.46 420.992.55 11.40 418.97 CK High 2.85 11.51 422.832.65 11.50 422.64 CK Average 2.84 -0.4711.49 422.282.60 -0.7911.45 420.68 Essex Cty 2.85 11.51 422.832.65 11.50 422.64 Mdsx Low 2.78 11.44 420.262.56 11.41 419.34 Mdsx High 2.85 11.51 422.832.60 11.45 420.81 Mdsx Average 2.82 -0.4911.47 421.542.58 -0.8111.43 420.07 Hensall 2.87 11.53 423.562.60 11.45 420.81 Bruce 2.89 11.55 424.302.60 11.45 420.81 Putnam 2.89 11.55 424.302.60 11.45 420.81 Burford 2.84 11.50 422.462.62 11.47 421.54 Port Perry 2.75 11.41 419.152.53 11.38 418.24 Norfolk 2.82 11.48 421.732.60 11.45 420.81 Palmerston 2.80 11.46 420.992.60 11.45 420.81 Varna 2.89 11.55 424.302.60 11.45 420.81 Trenton 2.94 11.60 426.142.70 11.55 424.48 Winchester 3.00 11.66 428.342.80 11.65 428.16 North Gower 2.66 11.32 415.852.52 11.37 417.87 Huron FOB 3.04 11.70 429.812.70 11.55 424.48 Kent FOB 2.82 11.48 421.732.60 11.45 420.81 Lambton FOB 2.82 11.48 421.732.60 11.45 420.81 Middlesex FOB2.92 2.92 2.99 2.99 11.58 425.402.70 11.55 424.48 PROCESSORS Hamilton 3.32 3.32 3.38 N/A 11.98 440.103.09 11.94 438.81 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Hamilton N/A N/A Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC N/A N/A Toledo El. -0.29 8.37 307.45-0.39 8.47 311.05 Bank of Canada Noon exchange rate was 1.385 up 0.0005 Chicago wheat closed moderately higher to higher. MAR16 HI 4.76 3/4 JUL16 HI 4.90 1/4 LOW 4.67 LOW 4.81 CLOSE 4.75 3/4 Up 9 1/4 CLOSE 4.89 Up 8 Minni wheat closed moderately higher. MAR16 HI 5.00 3/4 SEP16 HI 5.30 1/2 LOW 4.90 3/4 LOW 5.24 1/2 CLOSE 4.97 1/2 Up 5 3/4 CLOSE 5.29 1/4 Up 5 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 3.75 1.26 1.26 0.93 CAD $/bu 8.51 6.02 6.02 5.91 CAD $/tonne 312.67 221.27 221.27 217.08 Direct MarkHarvest 2015 Harvest 2016 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 1.05 N/A N/A 1.00 0.65 N/A London 3.76 0.92 1.06 N/A 1.39 0.84 0.56 N/A Hensall 3.60 N/A 1.25 N/A 1.25 N/A 0.60 N/A Trenton N/A N/A N/A N/A N/A N/A 0.60 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A 1.05 N/A N/A N/A 0.70 N/A Norwich 3.60 N/A 1.25 N/A 1.35 N/A 0.60 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge 3.60 N/A 0.55 N/A 1.35 N/A 0.60 N/A Chatham N/A 0.95 0.55 N/A N/A 0.85 0.65 N/A Brigden N/A N/A 0.55 N/A N/A N/A 0.65 N/A Palmerston N/A 0.90 1.20 0.70 N/A 0.85 0.60 0.60 Varna 3.55 1.00 1.20 N/A 1.25 0.85 0.55 N/A Mitchell 3.60 0.90 1.25 N/A 1.25 0.85 0.60 N/A Thornton N/A N/A N/A 0.71 N/A N/A N/A N/A North Gower N/A 1.16 1.16 0.84 N/A 1.20 0.80 1.11 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A N/A N/A N/A N/A N/A N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 4.58N/A 2.16N/A 2.91N/A 1.87N/A Toledo El. 4.93US 6.81CA 4.86US 6.72CA GFO Contract Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.73 1.46 0.90 1.20 CAD $/bu 6.62 6.35 5.79 6.49 CAD $/tonne 243.40 233.24 212.91 238.45 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 270.00 Bayport Oats 265.00 Bayport Barley 270.00 FOB Hm Soymeal 472.90 DDG's FOB Srn & Aylm 230.00