FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, March 10

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, March 10 Bank of Canada Noon exchange rate was 1.3373 up 0.0137 Chicago soybeans closed slightly higher. MAY16 HI 8.90 NOV16 HI 9.01 1/4 LOW 8.81 1/4 LOW 8.92 1/2 CLOSE8.89 1/4 Up 3 1/2 CLOSE 9.00 3/4 Up 3 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAY1+MAY1+JUL16 CK Low 2.50 11.39 418.602.24 11.25 413.27 CK High 2.60 11.49 422.282.35 11.36 417.32 CK Average 2.52 -0.3411.41 419.222.27 -0.5611.27 414.19 Essex Cty 2.60 11.49 422.282.35 11.36 417.32 Mdsx Low 2.48 11.37 417.872.22 11.23 412.54 Mdsx High 2.50 11.39 418.602.30 11.31 415.48 Mdsx Average 2.49 -0.3611.38 418.242.26 -0.5611.27 414.01 Hensall 2.50 11.39 418.602.30 11.31 415.48 Bruce 2.50 11.39 418.602.25 11.26 413.64 Putnam 2.50 11.39 418.602.25 11.26 413.64 Burford 2.51 11.40 418.972.25 11.26 413.64 Port Perry 2.48 11.37 417.872.22 11.23 412.54 Norfolk 2.50 11.39 418.602.25 11.26 413.64 Palmerston 2.60 11.49 422.282.30 11.31 415.48 Varna 2.60 11.49 422.282.40 11.41 419.15 Trenton 2.60 11.49 422.282.35 11.36 417.32 Winchester 2.60 11.49 422.282.47 11.48 421.73 North Gower 2.36 11.25 413.462.32 11.33 416.21 Huron FOB 2.60 11.49 422.282.35 11.36 417.32 Kent FOB 2.65 11.54 424.112.30 11.31 415.48 Lambton FOB 2.65 11.54 424.112.40 11.41 419.15 Middlesex FOB2.65 2.65 2.71 N/A 11.54 424.112.30 11.31 415.48 PROCESSORS Hamilton 3.11 3.11 3.11 3.12 12.00 441.022.73 11.74 431.28 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 2.50 11.39 418.602.75 11.76 432.01 Toledo El. -0.21 8.68 318.90-0.33 8.67 318.71 Bank of Canada Noon exchange rate was 1.3373 up 0.0137 Chicago wheat closed higher. MAY16 HI 4.77 1/2 JUL16 HI 4.83 3/4 LOW 4.65 LOW 4.71 1/4 CLOSE 4.77 Up 8 3/4 CLOSE 4.83 1/4 Up 8 1/2 Minni wheat closed moderately higher. MAY16 HI 5.13 1/2 SEP16 HI 5.30 1/2 LOW 5.04 3/4 LOW 5.22 1/4 CLOSE 5.12 1/2 Up 7 1/2 CLOSE 5.30 1/4 Up 7 GFO Cash Wheat Prices - DEL Terminal Current Crop 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 3.46 1.19 1.19 0.91 CAD $/bu 8.23 5.96 5.96 6.04 CAD $/tonne 302.48 219.14 219.14 221.83 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 0.80 N/A N/A 0.55 0.55 N/A London 3.11 0.59 0.79 N/A 0.87 0.54 0.54 N/A Hensall 3.25 N/A 1.05 N/A 0.95 N/A 0.55 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 0.95 N/A N/A N/A 0.55 N/A Norwich 3.25 N/A 1.05 N/A 0.95 N/A 0.55 N/A Port Hope N/A 0.90 1.05 N/A N/A 0.55 0.55 0.80 Kent Bridge 3.25 N/A 0.30 N/A 0.95 N/A 0.55 N/A Chatham N/A 0.75 0.25 N/A N/A 0.60 0.55 N/A Brigden N/A N/A 0.25 N/A N/A N/A 0.55 N/A Palmerston N/A 0.60 0.95 0.80 N/A 0.70 0.65 0.70 Varna 3.20 0.65 1.05 N/A 1.00 0.60 0.60 N/A Mitchell 3.25 0.55 1.05 N/A 0.95 0.55 0.55 N/A Thornton N/A N/A N/A 0.31 N/A N/A N/A N/A North Gower N/A 1.02 1.02 0.75 N/A 0.58 0.58 0.81 TERMINAL Prescott N/A 1.00 N/A N/A N/A 1.05 1.00 1.30 PROCESSORS Toledo FM 4.00 N/A 1.73 N/A 2.42 N/A 1.41 N/A Toledo El. 4.69US 6.26CA 4.73US 6.31CA GFO Contract Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.88 0.88 0.75 0.97 CAD $/bu 5.71 5.71 5.58 6.27 CAD $/tonne 209.95 209.95 205.04 230.54 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 441.92 DDG's FOB Srn & Aylm 210.00 - 215.00