FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, July 5

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, July 5 Bank of Canada Noon exchange rate was 1.2949 up 0.0105 Chicago soybeans closed lower to sharply lower. AUG16 HI 11.49 3/4 NOV16 HI 11.20 LOW 11.05 LOW 10.73 1/2 CLOSE11.10 Down 54 1/4 CLOSE 10.77 1/4 Down 60 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +AUG1+AUG1+NOV16 CK Low 2.62 13.72 504.122.44 13.21 485.48 CK High 2.80 13.90 510.742.60 13.37 491.36 CK Average 2.72 -0.4613.82 507.612.52 -0.5313.29 488.23 Essex Cty 2.70 13.80 507.062.50 13.27 487.68 Mdsx Low 2.60 13.70 503.392.42 13.19 484.74 Mdsx High 2.75 13.85 508.902.55 13.32 489.52 Mdsx Average 2.68 -0.4913.78 506.142.49 -0.5613.26 487.13 Hensall 2.75 13.85 508.902.58 13.35 490.44 Bruce 2.75 13.85 508.902.55 13.32 489.52 Putnam N/A 2.50 13.27 487.68 Burford 2.63 13.73 504.492.45 13.22 485.84 Port Perry 2.60 13.70 503.392.42 13.19 484.74 Norfolk 2.70 13.80 507.062.50 13.27 487.68 Palmerston N/A 2.55 13.32 489.52 Varna 2.75 13.85 508.902.60 13.37 491.36 Trenton 2.57 13.67 502.292.45 13.22 485.84 Winchester 2.57 13.67 502.292.57 13.34 490.25 North Gower 2.53 13.63 500.822.72 13.49 495.76 Huron FOB 2.85 13.95 512.572.70 13.47 495.03 Kent FOB 2.80 13.90 510.742.60 13.37 491.36 Lambton FOB 2.75 13.85 508.902.75 13.52 496.87 Middlesex FOB2.91 3.17 3.13 N/A 14.01 514.782.75 13.52 496.87 PROCESSORS Hamilton N/A 3.36 N/A 2.93 2.93 13.70 503.48 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott N/A 3.00 13.77 506.05 Toledo El. -0.14 10.96 402.61-0.42 10.36 380.56 Bank of Canada Noon exchange rate was 1.2949 up 0.0105 Chicago wheat closed slightly higher. SEP16 HI 4.34 1/2 JUL17 HI 4.93 1/4 LOW 4.15 3/4 LOW 4.75 CLOSE 4.33 1/2 Up 3 1/4 CLOSE 4.92 1/4 Up 3 3/4 Minni wheat closed moderately higher. SEP16 HI 5.09 1/4 SEP17 HI 5.65 3/4 LOW 4.93 3/4 LOW 5.54 CLOSE 5.08 1/4 Up 8 1/4 CLOSE 5.65 3/4 Up 7 3/4 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.58 0.45 0.51 0.74 CAD $/bu 4.91 4.78 4.85 5.82 CAD $/tonne 180.57 175.80 178.18 213.85 Direct MarkHarvest 2016 Harvest 2017 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 0.12 0.20 N/A N/A N/A 0.30 N/A London 0.36 0.23 0.23 N/A 0.47 0.34 0.34 N/A Hensall 0.45 N/A 0.20 N/A 0.50 N/A 0.30 N/A Trenton N/A N/A 0.30 N/A N/A N/A N/A 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 0.18 N/A Norwich 0.45 N/A 0.20 N/A 0.50 N/A 0.30 N/A Port Hope N/A 0.35 0.35 0.50 N/A 0.35 0.40 N/A Kent Bridge 0.45 N/A 0.20 N/A 0.50 N/A 0.30 N/A Chatham N/A 0.12 0.20 N/A N/A N/A 0.30 N/A Brigden N/A N/A 0.20 N/A N/A N/A 0.30 N/A Palmerston N/A 0.45 0.40 1.00 N/A 0.50 0.60 N/A Varna 0.45 0.25 0.25 N/A 0.45 0.40 0.25 N/A Mitchell 0.45 0.10 0.20 N/A 0.50 0.35 0.30 N/A Thornton N/A N/A N/A -0.32 N/A N/A N/A N/A North Gower N/A 0.14 0.39 0.56 N/A N/A N/A N/A TERMINAL Prescott N/A 0.75 0.75 1.25 N/A 0.60 0.65 N/A PROCESSORS Toledo FM 1.55 N/A 1.16 N/A N/A N/A 1.47 N/A Toledo El. 4.27US 5.54CA 4.72US 6.13CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.95 0.88 0.36 CAD $/bu 5.87 5.80 5.29 CAD $/tonne 215.67 213.29 194.21 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 576.74 DDG's FOB Srn & Aylm 230.00 - 235.00