FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, February 22

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, February 22 Bank of Canada Noon exchange rate was 1.3685 down 0.0116 Chicago soybeans closed slightly higher. MAR16 HI 8.87 1/2 NOV16 HI 8.96 1/4 LOW 8.80 1/4 LOW 8.89 3/4 CLOSE8.81 Up 2 3/4 CLOSE 8.91 1/2 Up 3 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAR1+MAY1+MAY16 CK Low 2.74 11.55 424.392.60 11.52 423.10 CK High 2.90 11.71 430.272.65 11.57 424.94 CK Average 2.83 -0.3211.64 427.762.61 -0.5111.53 423.53 Essex Cty 2.80 11.61 426.592.60 11.52 423.10 Mdsx Low 2.72 11.53 423.652.60 11.52 423.10 Mdsx High 2.85 11.66 428.432.60 11.52 423.10 Mdsx Average 2.79 -0.3511.60 426.042.60 -0.5111.52 423.10 Hensall 2.83 11.64 427.512.63 11.54 424.02 Bruce 2.85 11.66 428.432.65 11.57 424.94 Putnam 2.80 11.61 426.592.60 11.52 423.10 Burford 2.75 11.56 424.762.63 11.55 424.21 Port Perry 2.69 11.50 422.552.57 11.49 422.00 Norfolk 2.85 11.66 428.432.60 11.52 423.10 Palmerston 2.80 11.61 426.592.60 11.52 423.10 Varna 2.80 11.61 426.592.65 11.57 424.94 Trenton 2.85 11.66 428.432.50 11.42 419.43 Winchester 2.80 11.61 426.592.47 11.39 418.33 North Gower 2.69 11.50 422.552.67 11.59 425.68 Huron FOB 2.90 11.71 430.272.70 11.62 426.78 Kent FOB 3.00 11.81 433.942.70 11.62 426.78 Lambton FOB 2.95 11.76 432.112.85 11.77 432.29 Middlesex FOB2.89 2.89 N/A N/A 11.70 429.902.70 11.62 426.78 PROCESSORS Hamilton 3.28 3.28 3.28 3.35 12.09 444.233.02 11.94 438.54 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 2.90 11.71 430.273.00 11.92 437.80 Toledo El. -0.29 8.52 313.13-0.38 8.53 313.47 Bank of Canada Noon exchange rate was 1.3685 down 0.0116 Chicago wheat closed slightly lower. MAR16 HI 4.63 1/4 JUL16 HI 4.76 3/4 LOW 4.58 LOW 4.70 3/4 CLOSE 4.58 1/2 Down 3 1/4 CLOSE 4.71 3/4 Down 2 1/4 Minni wheat closed narrowly mixed. MAR16 HI 4.95 1/2 SEP16 HI 5.17 1/4 LOW 4.91 3/4 LOW 5.15 1/2 CLOSE 4.92 3/4 Down 1/2 CLOSE 5.16 Up 1/2 GFO Cash Wheat Prices - DEL Terminal Current Crop 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 3.62 1.15 1.15 0.87 CAD $/bu 8.20 5.74 5.74 5.80 CAD $/tonne 301.45 210.79 210.79 212.93 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 0.80 0.70 N/A London 3.39 0.78 0.98 N/A 1.04 0.69 0.69 N/A Hensall 3.45 N/A 1.35 N/A 1.10 N/A 0.70 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 0.85 N/A N/A N/A 0.75 N/A Norwich 3.45 N/A 1.35 N/A 1.10 N/A 0.70 N/A Port Hope N/A 0.90 1.35 1.25 N/A 0.65 0.70 0.75 Kent Bridge 3.45 N/A 0.65 N/A 1.10 N/A 0.70 N/A Chatham N/A 0.80 0.60 N/A N/A 0.80 0.70 N/A Brigden N/A N/A 0.60 N/A N/A N/A 0.70 N/A Palmerston N/A 0.60 1.25 0.95 N/A 0.70 0.75 0.75 Varna 3.45 0.75 1.35 N/A 1.15 0.65 0.70 N/A Mitchell 3.45 0.75 1.35 N/A 1.10 0.70 0.70 N/A Thornton N/A N/A N/A 0.48 N/A N/A N/A N/A North Gower N/A 1.09 1.09 0.80 N/A 0.78 0.79 1.01 TERMINAL Prescott N/A 1.10 N/A 1.10 N/A 1.25 1.15 1.35 PROCESSORS Toledo FM 4.30 N/A 1.97 N/A 2.64 N/A 1.61 N/A Toledo El. 4.56US 6.24CA 4.59US 6.29CA GFO Contract Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.99 0.99 0.86 1.09 CAD $/bu 5.71 5.71 5.57 6.25 CAD $/tonne 209.88 209.88 204.85 229.65 (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 441.04 DDG's FOB Srn & Aylm 230.00