FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, May 16

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, May 16 Bank of Canada Noon exchange rate was 1.2887 down 0.0053 Chicago soybeans closed narrowly mixed. JUL16 HI 10.71 3/4 NOV16 HI 10.62 1/4 LOW 10.55 LOW 10.47 1/2 CLOSE10.64 1/2 Down 1/2 CLOSE 10.55 Up 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 2.36 13.01 477.852.25 12.80 470.32 CK High 2.45 13.10 481.162.30 12.85 472.16 CK Average 2.41 -0.5213.06 479.692.27 -0.6112.82 470.93 Essex Cty 2.40 13.05 479.322.25 12.80 470.32 Mdsx Low 2.34 12.99 477.122.23 12.78 469.58 Mdsx High 2.40 13.05 479.322.25 12.80 470.32 Mdsx Average 2.37 -0.5513.02 478.222.24 -0.6312.79 469.95 Hensall 2.40 13.05 479.322.25 12.80 470.32 Bruce 2.40 13.05 479.322.25 12.80 470.32 Putnam 2.40 13.05 479.322.25 12.80 470.32 Burford 2.37 13.02 478.222.26 12.81 470.69 Port Perry 2.34 12.99 477.122.23 12.78 469.58 Norfolk 2.40 13.05 479.322.25 12.80 470.32 Palmerston 2.40 13.05 479.322.25 12.80 470.32 Varna 2.40 13.05 479.322.25 12.80 470.32 Trenton 2.40 13.05 479.322.25 12.80 470.32 Winchester 2.29 12.94 475.282.40 12.95 475.83 North Gower 2.10 12.75 468.302.20 12.75 468.48 Huron FOB 2.55 13.20 484.832.35 12.90 473.99 Kent FOB 2.55 13.20 484.832.35 12.90 473.99 Lambton FOB 2.40 13.05 479.322.50 13.05 479.51 Middlesex FOB2.45 2.51 2.60 N/A 13.10 481.162.33 12.88 473.26 PROCESSORS Hamilton 2.82 2.88 2.94 3.02 13.47 494.752.73 13.28 487.96 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 1.95 12.60 462.792.70 13.25 486.85 Toledo El. -0.34 10.31 378.82-0.41 10.14 372.48 Bank of Canada Noon exchange rate was 1.2887 down 0.0053 Chicago wheat closed steady. JUL16 HI 4.76 1/2 JUL16 HI 4.76 1/2 LOW 4.67 1/2 LOW 4.67 1/2 CLOSE 4.74 3/4 Unchanged CLOSE 4.74 3/4 Unchanged Minni wheat closed slightly higher. JUL16 HI 5.38 1/2 SEP16 HI 5.45 LOW 5.31 1/4 LOW 5.38 CLOSE 5.37 1/4 Up 1 3/4 CLOSE 5.44 1/4 Up 2 GFO Cash Wheat Prices - DEL Terminal Current Crop 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 2.85 0.65 0.59 0.73 CAD $/bu 7.59 5.40 5.34 6.10 CAD $/tonne 278.99 198.43 196.06 224.26 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 N/A N/A N/A 0.30 0.35 N/A London 2.88 0.30 0.50 N/A 0.69 0.30 0.37 N/A Hensall 2.70 N/A 0.55 N/A 0.65 N/A 0.35 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 0.20 N/A N/A N/A 0.25 N/A Norwich 2.70 N/A 0.55 N/A 0.65 N/A 0.35 N/A Port Hope N/A 0.35 0.55 -0.15 N/A 0.35 0.35 0.28 Kent Bridge 2.70 N/A -0.15 N/A 0.65 N/A 0.35 N/A Chatham N/A N/A N/A N/A N/A 0.30 0.35 N/A Brigden N/A N/A N/A N/A N/A N/A 0.35 N/A Palmerston N/A 0.30 0.50 0.55 N/A 0.25 0.30 0.55 Varna 2.70 0.35 0.50 N/A 0.60 0.35 0.35 N/A Mitchell 2.70 0.25 0.55 N/A 0.65 0.35 0.35 N/A Thornton N/A N/A N/A -0.13 N/A N/A N/A N/A North Gower N/A 0.57 0.51 0.65 N/A 0.37 0.52 0.72 TERMINAL Prescott N/A 0.30 N/A N/A N/A 0.25 0.80 0.95 PROCESSORS Toledo FM N/A N/A 1.18 N/A 1.89 N/A 1.18 N/A Toledo El. 4.65US 5.99CA 4.65US 5.99CA GFO Contract Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.73 0.60 0.60 0.80 CAD $/bu 5.48 5.35 5.35 6.25 CAD $/tonne 201.28 196.54 196.54 229.47 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 544.77 DDG's FOB Srn & Aylm 200.00