FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, February 24

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, February 24 Bank of Canada Noon exchange rate was 1.3766 down 0.0026 Chicago soybeans closed narrowly mixed. MAR16 HI 8.70 1/2 NOV16 HI 8.85 LOW 8.64 1/2 LOW 8.78 1/2 CLOSE8.67 1/2 Down 1 3/4 CLOSE 8.82 3/4 Up 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAY1+MAY1+MAY16 CK Low 2.85 11.53 423.472.64 11.47 421.36 CK High 2.90 11.58 425.312.70 11.53 423.56 CK Average 2.88 -0.2511.55 424.452.66 -0.4411.48 421.97 Essex Cty 2.90 11.58 425.312.70 11.53 423.56 Mdsx Low 2.84 11.52 423.102.62 11.45 420.62 Mdsx High 2.90 11.58 425.312.65 11.48 421.73 Mdsx Average 2.87 -0.2511.55 424.212.64 -0.4611.46 421.17 Hensall 2.88 11.55 424.392.68 11.50 422.64 Bruce 2.90 11.58 425.312.65 11.48 421.73 Putnam 2.85 11.53 423.472.60 11.43 419.89 Burford 2.87 11.55 424.212.65 11.48 421.73 Port Perry 2.81 11.49 422.002.59 11.42 419.52 Norfolk 2.85 11.53 423.472.65 11.48 421.73 Palmerston 2.85 11.53 423.472.65 11.48 421.73 Varna 2.85 11.53 423.472.70 11.53 423.56 Trenton 2.90 11.58 425.312.55 11.38 418.05 Winchester 2.73 11.41 419.062.75 11.58 425.40 North Gower 2.64 11.32 415.762.70 11.53 423.56 Huron FOB 2.95 11.63 427.152.75 11.58 425.40 Kent FOB 3.00 11.68 428.982.75 11.58 425.40 Lambton FOB 2.95 11.63 427.152.85 11.68 429.07 Middlesex FOB2.96 2.96 3.08 N/A 11.64 427.512.72 11.55 424.30 PROCESSORS Hamilton 3.35 3.30 3.30 3.36 12.03 441.843.05 11.88 436.42 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 2.95 11.63 427.153.10 11.93 438.26 Toledo El. -0.29 8.39 308.18-0.38 8.44 310.26 Bank of Canada Noon exchange rate was 1.3766 down 0.0026 Chicago wheat closed moderately lower. MAR16 HI 4.48 JUL16 HI 4.64 3/4 LOW 4.38 LOW 4.55 CLOSE 4.42 3/4 Down 5 1/4 CLOSE 4.59 3/4 Down 4 1/4 Minni wheat closed narrowly mixed. MAR16 HI 4.90 SEP16 HI 5.11 1/4 LOW 4.81 1/4 LOW 5.09 CLOSE 4.85 1/4 Down 1/2 CLOSE 5.10 1/4 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 3.56 1.09 1.09 0.84 CAD $/bu 7.99 5.52 5.52 5.69 CAD $/tonne 293.44 202.80 202.80 209.10 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 1.00 N/A N/A 0.70 0.70 N/A London 3.38 0.75 0.96 N/A 1.02 0.67 0.67 N/A Hensall 3.45 N/A 1.25 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 1.25 N/A 1.10 N/A 0.70 N/A Port Hope N/A 0.90 1.25 1.25 N/A 0.65 0.70 0.75 Kent Bridge 3.45 N/A 0.55 N/A 1.10 N/A 0.70 N/A Chatham N/A 0.80 0.50 N/A N/A 0.70 0.70 N/A Brigden N/A N/A 0.50 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 1.25 N/A 1.10 0.70 0.70 N/A Thornton N/A N/A N/A 0.40 N/A N/A N/A N/A North Gower N/A 1.08 1.08 0.76 N/A 0.76 0.76 0.99 TERMINAL Prescott N/A 1.10 N/A 1.10 N/A 1.25 1.15 1.35 PROCESSORS Toledo FM 4.24 N/A 1.91 N/A 2.59 N/A 1.56 N/A Toledo El. 4.40US 6.03CA 4.47US 6.12CA GFO Contract Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.95 0.95 0.81 1.07 CAD $/bu 5.54 5.54 5.41 6.17 CAD $/tonne 203.73 203.73 198.69 226.63 (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 440.49 DDG's FOB Srn & Aylm 220.00 - 230.00