FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, May 3

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, May 3 Bank of Canada Noon exchange rate was 1.2686 up 0.0138 Chicago soybeans closed slightly to moderately lower. JUL16 HI 10.57 NOV16 HI 10.30 3/4 LOW 10.23 LOW 10.03 CLOSE10.30 Down 13 3/4 CLOSE 10.10 1/4 Down 7 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG16 CK Low 1.95 12.25 450.111.81 11.91 437.71 CK High 2.10 12.40 455.621.95 12.05 442.85 CK Average 2.03 -0.6112.33 452.991.89 -0.6712.00 440.77 Essex Cty 2.00 12.30 451.951.85 11.95 439.18 Mdsx Low 1.93 12.23 449.381.79 11.89 436.97 Mdsx High 2.05 12.35 453.781.90 12.00 441.02 Mdsx Average 1.99 -0.6412.29 451.581.85 -0.7111.95 439.00 Hensall 2.00 12.30 451.951.85 11.95 439.18 Bruce 2.05 12.35 453.781.90 12.00 441.02 Putnam 1.95 12.25 450.111.80 11.90 437.34 Burford 1.96 12.26 450.481.82 11.92 438.08 Port Perry 1.93 12.23 449.381.79 11.89 436.97 Norfolk 2.05 12.35 453.781.90 12.00 441.02 Palmerston 1.95 12.25 450.111.80 11.90 437.34 Varna 1.95 12.25 450.111.80 11.90 437.34 Trenton 2.00 12.30 451.951.85 11.95 439.18 Winchester 1.96 12.26 450.482.15 12.25 450.20 North Gower 1.85 12.15 446.441.99 12.09 444.32 Huron FOB 2.05 12.35 453.781.90 12.00 441.02 Kent FOB 2.10 12.40 455.622.00 12.10 444.69 Lambton FOB 2.00 12.30 451.951.90 12.00 441.02 Middlesex FOB2.10 2.13 2.38 N/A 12.40 455.621.96 12.06 443.22 PROCESSORS Hamilton 2.51 2.57 2.76 2.83 12.81 470.692.38 12.48 458.65 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 1.70 12.00 440.922.40 12.50 459.39 Toledo El. -0.33 9.97 366.31-0.41 9.70 356.24 Bank of Canada Noon exchange rate was 1.2686 up 0.0138 Chicago wheat closed lower. JUL16 HI 4.92 3/4 JUL16 HI 4.92 3/4 LOW 4.68 1/4 LOW 4.68 1/4 CLOSE 4.70 3/4 Down 17 CLOSE 4.70 3/4 Down 17 Minni wheat closed lower. JUL16 HI 5.51 1/4 SEP16 HI 5.58 3/4 LOW 5.34 1/2 LOW 5.43 1/4 CLOSE 5.36 1/4 Down 12 1/2 CLOSE 5.44 1/4 Down 13 GFO Cash Wheat Prices - DEL Terminal Current Crop 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 2.73 0.57 0.51 0.65 CAD $/bu 7.44 5.28 5.21 6.01 CAD $/tonne 273.36 193.89 191.55 220.77 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 0.25 N/A N/A 0.25 0.25 N/A London 2.76 0.30 0.37 N/A 0.62 0.24 0.24 N/A Hensall 2.70 N/A 0.55 N/A 0.65 N/A 0.25 N/A Trenton N/A N/A N/A N/A N/A N/A 0.30 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A 0.15 N/A N/A N/A 0.15 N/A Norwich 2.70 N/A 0.55 N/A 0.65 N/A 0.25 N/A Port Hope N/A 0.25 0.60 N/A N/A 0.30 0.30 0.27 Kent Bridge 2.70 N/A -0.15 N/A 0.65 N/A 0.25 N/A Chatham N/A N/A N/A N/A N/A 0.25 0.25 N/A Brigden N/A N/A N/A N/A N/A N/A 0.25 N/A Palmerston N/A 0.30 0.45 0.50 N/A 0.25 0.25 0.50 Varna 2.70 0.35 0.50 N/A 0.60 0.30 0.25 N/A Mitchell 2.70 0.25 0.55 N/A 0.65 0.25 0.25 N/A Thornton N/A N/A N/A -0.22 N/A N/A N/A N/A North Gower N/A 0.44 0.38 0.49 N/A 0.36 0.45 0.57 TERMINAL Prescott N/A 0.30 N/A N/A N/A 0.25 0.70 0.95 PROCESSORS Toledo FM 3.05 N/A 1.09 N/A 1.79 N/A 1.09 N/A Toledo El. N/A 4.56US 5.80CA GFO Contract Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.71 0.65 0.58 0.72 CAD $/bu 5.42 5.35 5.29 6.16 CAD $/tonne 199.03 196.69 194.35 226.38 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 506.85 DDG's FOB Srn & Aylm 180.00