FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, July 13

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, July 13 Bank of Canada Noon exchange rate was 1.2965 down 0.0051 Chicago soybeans closed slightly to moderately higher. AUG16 HI 11.34 3/4 NOV16 HI 11.19 1/2 LOW 10.96 3/4 LOW 10.81 CLOSE11.22 3/4 Up 20 1/2 CLOSE 11.05 1/4 Up 18 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV16 CK Low 2.85 14.08 517.262.60 13.65 501.64 CK High 2.95 14.18 520.932.65 13.70 503.48 CK Average 2.91 -0.3214.14 519.402.62 -0.5813.67 502.26 Essex Cty 2.85 14.08 517.262.60 13.65 501.64 Mdsx Low 2.90 14.13 519.102.60 13.65 501.64 Mdsx High 2.90 14.13 519.102.63 13.68 502.75 Mdsx Average 2.90 -0.3314.13 519.102.62 -0.5813.67 502.19 Hensall 2.88 14.10 518.182.58 13.63 500.72 Bruce 2.90 14.13 519.102.60 13.65 501.64 Putnam 2.60 13.83 508.072.40 13.45 494.29 Burford 2.93 14.16 520.202.66 13.71 503.85 Port Perry 2.90 14.13 519.102.63 13.68 502.75 Norfolk 2.95 14.18 520.932.60 13.65 501.64 Palmerston 2.85 14.08 517.262.60 13.65 501.64 Varna 2.85 14.08 517.262.55 13.60 499.81 Trenton 2.73 13.96 512.852.55 13.60 499.81 Winchester N/A 2.50 13.55 497.97 North Gower 2.65 13.88 509.912.69 13.74 504.95 Huron FOB 3.00 14.23 522.772.65 13.70 503.48 Kent FOB 3.10 14.33 526.452.70 13.75 505.32 Lambton FOB 2.85 14.08 517.262.85 13.90 510.83 Middlesex FOB2.94 3.20 3.16 N/A 14.17 520.572.87 13.92 511.56 PROCESSORS Hamilton N/A 3.46 N/A 3.15 3.15 14.20 521.85 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 2.00 13.23 486.033.20 14.25 523.69 Toledo El. -0.14 11.08 407.30-0.42 10.63 390.77 Bank of Canada Noon exchange rate was 1.2965 down 0.0051 Chicago wheat closed slightly higher. SEP16 HI 4.51 3/4 JUL17 HI 5.10 LOW 4.36 3/4 LOW 4.97 3/4 CLOSE 4.39 3/4 Up 1 1/4 CLOSE 5.02 Up 2 3/4 Minni wheat closed slightly lower to steady. SEP16 HI 5.12 1/4 SEP17 HI 5.65 LOW 4.99 1/2 LOW 5.60 CLOSE 5.02 1/2 Unchanged CLOSE 5.60 Down 3/4 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.59 0.46 0.52 0.71 CAD $/bu 4.99 4.86 4.92 5.74 CAD $/tonne 183.23 178.47 180.85 210.73 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 0.20 0.30 N/A N/A N/A 0.35 N/A London 0.57 0.24 0.47 N/A 0.55 0.48 0.42 N/A Hensall 0.50 N/A 0.35 N/A 0.50 N/A 0.35 N/A Trenton N/A N/A 0.40 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 0.30 N/A N/A N/A 0.45 N/A Norwich 0.50 N/A 0.35 N/A 0.50 N/A 0.35 N/A Port Hope N/A 0.30 0.35 0.30 N/A 0.35 0.40 N/A Kent Bridge 0.50 N/A 0.40 N/A 0.50 N/A 0.35 N/A Chatham N/A 0.20 0.40 N/A N/A N/A 0.35 N/A Brigden N/A N/A 0.40 N/A N/A N/A 0.35 N/A Palmerston N/A 0.45 0.40 0.55 N/A 0.50 0.55 0.55 Varna 0.55 0.35 0.35 N/A 0.50 0.45 0.40 N/A Mitchell 0.50 0.25 0.35 N/A 0.50 0.35 0.35 N/A Thornton N/A N/A N/A -0.12 N/A N/A N/A N/A North Gower N/A 0.38 0.44 0.64 N/A N/A N/A N/A TERMINAL Prescott N/A 0.75 0.75 1.15 N/A 0.60 0.65 0.45 PROCESSORS Toledo FM 1.56 N/A 1.30 N/A N/A N/A 1.53 N/A Toledo El. 4.33US 5.61CA 4.82US 6.29CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.01 0.94 0.42 CAD $/bu 6.03 5.96 5.44 CAD $/tonne 221.51 219.11 199.94 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 581.04 DDG's FOB Srn & Aylm 230.00