FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, April 22

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, April 22 Bank of Canada Noon exchange rate was 1.2674 down 0.0036 Chicago soybeans closed slightly lower to lower. MAY16 HI 10.17 1/4 NOV16 HI 10.03 1/2 LOW 9.79 LOW 9.76 CLOSE9.87 Down 31 3/4 CLOSE 9.83 Down 15 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+MAY1+JUL16 CK Low 2.10 11.97 439.821.85 11.68 429.17 CK High 2.20 12.07 443.501.95 11.78 432.84 CK Average 2.15 -0.3912.02 441.721.89 -0.5911.72 430.45 Essex Cty 2.15 12.02 441.661.90 11.73 431.00 Mdsx Low 2.14 12.01 441.291.84 11.67 428.80 Mdsx High 2.15 12.02 441.661.85 11.68 429.17 Mdsx Average 2.15 -0.3912.02 441.481.85 -0.6211.68 428.98 Hensall 2.15 12.02 441.661.88 11.71 430.09 Bruce 2.15 12.02 441.661.85 11.68 429.17 Putnam 2.35 12.22 449.012.05 11.88 436.52 Burford 2.17 12.04 442.391.87 11.70 429.90 Port Perry 2.14 12.01 441.291.84 11.67 428.80 Norfolk 2.10 11.97 439.821.85 11.68 429.17 Palmerston 2.10 11.97 439.821.85 11.68 429.17 Varna 2.15 12.02 441.661.90 11.73 431.00 Trenton 2.25 12.12 445.331.95 11.78 432.84 Winchester 2.13 12.00 440.922.10 11.93 438.35 North Gower 2.20 12.07 443.502.06 11.89 436.88 Huron FOB 2.25 12.12 445.332.00 11.83 434.68 Kent FOB 2.20 12.07 443.501.95 11.78 432.84 Lambton FOB N/A 2.00 11.83 434.68 Middlesex FOB2.19 2.19 2.19 N/A 12.06 443.132.02 11.85 435.41 PROCESSORS Hamilton 2.53 2.53 2.55 2.68 12.40 455.622.31 12.14 446.07 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 1.80 11.67 428.802.35 12.18 447.54 Toledo El. -0.23 9.64 354.27-0.37 9.46 347.68 Bank of Canada Noon exchange rate was 1.2674 down 0.0036 Chicago wheat closed sharply lower. MAY16 HI 4.94 JUL16 HI 5.01 1/4 LOW 4.65 1/4 LOW 4.72 1/2 CLOSE 4.67 Down 28 3/4 CLOSE 4.74 Down 29 1/2 Minni wheat closed lower. MAY16 HI 5.40 SEP16 HI 5.55 1/4 LOW 5.21 LOW 5.36 3/4 CLOSE 5.25 1/2 Down 18 CLOSE 5.42 1/2 Down 16 GFO Cash Wheat Prices - DEL Terminal Current Crop 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 2.84 0.68 0.62 0.46 CAD $/bu 7.51 5.35 5.29 5.71 CAD $/tonne 275.80 196.60 194.27 209.88 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 0.30 N/A N/A 0.30 0.30 N/A London 2.78 0.32 0.51 N/A 0.65 0.27 0.27 N/A Hensall 2.90 N/A 0.70 N/A 0.70 N/A 0.30 N/A Trenton N/A N/A N/A N/A N/A N/A 0.40 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A 0.25 N/A N/A N/A 0.20 N/A Norwich 2.90 N/A 0.70 N/A 0.70 N/A 0.30 N/A Port Hope N/A 0.35 0.70 N/A N/A 0.30 0.30 0.46 Kent Bridge 2.90 N/A -0.05 N/A 0.70 N/A 0.30 N/A Chatham N/A 0.35 -0.05 N/A N/A 0.25 0.30 N/A Brigden N/A N/A -0.05 N/A N/A N/A 0.30 N/A Palmerston N/A 0.35 0.60 0.55 N/A 0.30 0.35 0.55 Varna 2.80 0.40 0.60 N/A 0.65 0.30 0.30 N/A Mitchell 2.90 0.35 0.70 N/A 0.70 0.30 0.30 N/A Thornton N/A N/A N/A -0.14 N/A N/A N/A N/A North Gower N/A 0.68 0.61 0.43 N/A 0.48 0.57 0.66 TERMINAL Prescott N/A 0.35 N/A N/A N/A 0.55 0.80 1.00 PROCESSORS Toledo FM 3.15 N/A 1.15 N/A 1.78 N/A 1.08 N/A Toledo El. 4.59US 5.82CA 4.59US 5.82CA GFO Contract Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.70 0.64 0.57 0.69 CAD $/bu 5.44 5.38 5.31 6.12 CAD $/tonne 199.86 197.53 195.20 224.79 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 477.97 DDG's FOB Srn & Aylm 180.00 - 183.00