FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, June 2

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, June 2 Bank of Canada Noon exchange rate was 1.308 down 0.0011 Chicago soybeans closed steady to sharply higher. JUL16 HI 11.46 NOV16 HI 10.88 1/4 LOW 11.00 3/4 LOW 10.68 1/2 CLOSE11.44 1/4 Up 44 1/2 CLOSE 10.81 3/4 Up 13 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+AUG1+NOV16 CK Low 2.65 14.09 517.812.35 13.17 483.82 CK High 2.85 14.29 525.162.60 13.42 493.01 CK Average 2.76 -0.6114.20 521.732.51 -0.6613.32 489.58 Essex Cty 2.70 14.14 519.652.45 13.27 487.50 Mdsx Low 2.77 14.21 522.222.52 13.34 490.07 Mdsx High 2.80 14.24 523.322.55 13.37 491.17 Mdsx Average 2.79 -0.5914.23 522.772.54 -0.6313.35 490.62 Hensall 2.73 14.17 520.572.50 13.32 489.33 Bruce 2.80 14.24 523.322.55 13.37 491.17 Putnam 2.65 14.09 517.812.45 13.27 487.50 Burford 2.80 14.24 523.322.55 13.37 491.17 Port Perry 2.77 14.21 522.222.52 13.34 490.07 Norfolk 2.80 14.24 523.322.55 13.37 491.17 Palmerston 2.65 14.09 517.812.45 13.27 487.50 Varna 2.65 14.09 517.812.45 13.27 487.50 Trenton 2.75 14.19 521.492.50 13.32 489.33 Winchester 2.67 14.11 518.552.62 13.44 493.74 North Gower 2.31 13.75 505.322.49 13.31 488.97 Huron FOB 2.80 14.24 523.322.55 13.37 491.17 Kent FOB 2.95 14.39 528.832.65 13.47 494.85 Lambton FOB 2.85 14.29 525.162.80 13.62 500.36 Middlesex FOB2.95 3.02 N/A N/A 14.39 528.832.76 13.58 498.89 PROCESSORS Hamilton 3.43 3.49 3.60 N/A 14.87 546.473.10 13.92 511.38 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 2.25 13.69 503.113.00 13.82 507.71 Toledo El. -0.30 11.14 409.36-0.42 10.40 382.06 Bank of Canada Noon exchange rate was 1.308 down 0.0011 Chicago wheat closed higher. JUL16 HI 4.87 JUL16 HI 4.87 LOW 4.72 3/4 LOW 4.72 3/4 CLOSE 4.85 1/2 Up 11 3/4 CLOSE 4.85 1/2 Up 11 3/4 Minni wheat closed slightly higher. JUL16 HI 5.37 3/4 SEP16 HI 5.45 1/2 LOW 5.28 LOW 5.37 1/4 CLOSE 5.32 1/4 Up 3 1/2 CLOSE 5.40 3/4 Up 4 GFO Cash Wheat Prices - DEL Terminal Current Crop 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 3.01 0.78 0.71 0.82 CAD $/bu 7.86 5.63 5.57 6.14 CAD $/tonne 288.85 206.94 204.53 225.61 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 0.45 0.45 N/A London 2.85 0.42 0.62 N/A 0.75 0.42 0.42 N/A Hensall 2.70 N/A 0.55 N/A 0.70 N/A 0.45 N/A Trenton N/A N/A N/A N/A N/A N/A 0.45 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A 0.34 N/A N/A N/A 0.40 N/A Norwich 2.70 N/A 0.55 N/A 0.70 N/A 0.45 N/A Port Hope N/A 0.40 0.60 N/A N/A 0.60 0.50 0.60 Kent Bridge 2.70 N/A -0.10 N/A 0.70 N/A 0.45 N/A Chatham N/A N/A N/A N/A N/A 0.45 0.45 N/A Brigden N/A N/A N/A N/A N/A N/A 0.45 N/A Palmerston N/A 0.30 0.45 0.55 N/A 0.00 0.00 0.55 Varna 2.65 0.35 0.50 N/A 0.70 0.45 0.45 N/A Mitchell 2.70 0.35 0.55 N/A 0.70 0.45 0.45 N/A Thornton N/A N/A N/A 0.17 N/A N/A N/A N/A North Gower N/A 0.52 0.46 0.59 N/A 0.42 0.57 0.76 TERMINAL Prescott N/A 0.30 N/A 0.45 N/A 0.25 0.75 0.75 PROCESSORS Toledo FM N/A N/A 1.31 N/A 1.97 N/A 1.31 N/A Toledo El. 4.76US 6.24CA 4.76US 6.24CA GFO Contract Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.86 0.72 0.72 0.90 CAD $/bu 5.71 5.58 5.58 6.30 CAD $/tonne 209.83 205.02 205.02 231.64 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 635.27 DDG's FOB Srn & Aylm 210.00