FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, July 14

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, July 14 Bank of Canada Noon exchange rate was 1.2915 down 0.0050 Chicago soybeans closed moderately lower to lower. AUG16 HI 11.41 NOV16 HI 11.23 LOW 10.79 1/2 LOW 10.59 1/4 CLOSE10.83 3/4 Down 39 CLOSE 10.62 1/4 Down 43 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV16 CK Low 2.80 13.64 501.092.50 13.12 482.17 CK High 2.85 13.69 502.932.60 13.22 485.84 CK Average 2.83 -0.2313.67 502.262.54 -0.4013.16 483.52 Essex Cty 2.80 13.64 501.092.55 13.17 484.01 Mdsx Low 2.80 13.64 501.092.50 13.12 482.17 Mdsx High 2.83 13.67 502.192.50 13.12 482.17 Mdsx Average 2.82 -0.2413.65 501.642.50 -0.4313.12 482.17 Hensall 2.83 13.66 502.012.53 13.15 483.09 Bruce 2.80 13.64 501.092.50 13.12 482.17 Putnam 2.80 13.64 501.092.50 13.12 482.17 Burford 2.86 13.70 503.302.53 13.15 483.27 Port Perry 2.83 13.67 502.192.50 13.12 482.17 Norfolk 2.85 13.69 502.932.55 13.17 484.01 Palmerston 2.80 13.64 501.092.55 13.17 484.01 Varna 2.85 13.69 502.932.55 13.17 484.01 Trenton 2.69 13.53 497.052.50 13.12 482.17 Winchester N/A 2.50 13.12 482.17 North Gower 2.65 13.49 495.582.69 13.31 489.15 Huron FOB 3.00 13.84 508.442.65 13.27 487.68 Kent FOB 3.00 13.84 508.442.60 13.22 485.84 Lambton FOB 2.70 13.54 497.422.70 13.32 489.52 Middlesex FOB2.80 3.05 3.03 N/A 13.64 501.092.74 13.36 490.99 PROCESSORS Hamilton 3.31 3.44 N/A 3.00 14.15 519.833.00 13.62 500.54 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 1.95 12.79 469.863.10 13.72 504.22 Toledo El. -0.14 10.70 393.00-0.41 10.21 375.17 Bank of Canada Noon exchange rate was 1.2915 down 0.0050 Chicago wheat closed slightly lower. SEP16 HI 4.47 3/4 JUL17 HI 5.09 1/2 LOW 4.31 LOW 4.96 3/4 CLOSE 4.34 Down 5 3/4 CLOSE 5.00 1/2 Down 1 1/2 Minni wheat closed slightly lower. SEP16 HI 5.09 1/4 SEP17 HI 5.65 LOW 4.97 3/4 LOW 5.55 1/4 CLOSE 5.00 Down 2 1/2 CLOSE 5.57 1/2 Down 2 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.54 0.41 0.54 0.67 CAD $/bu 4.88 4.75 4.88 5.67 CAD $/tonne 179.45 174.71 179.45 208.33 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 0.40 N/A N/A N/A 0.35 N/A London 0.51 0.18 0.42 N/A 0.50 0.43 0.37 N/A Hensall 0.50 N/A 0.35 N/A 0.55 N/A 0.40 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 0.46 N/A Norwich 0.50 N/A 0.40 N/A 0.55 N/A 0.40 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 0.55 N/A 0.40 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 0.60 0.40 0.40 N/A 0.50 0.45 0.40 N/A Mitchell 0.50 0.25 0.35 N/A 0.55 0.35 0.40 N/A Thornton N/A N/A N/A -0.21 N/A N/A N/A N/A North Gower N/A 0.36 0.42 0.61 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 1.51 N/A 1.25 N/A N/A N/A 1.44 N/A Toledo El. 4.27US 5.50CA 4.81US 6.19CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.93 0.86 0.35 CAD $/bu 5.93 5.87 5.35 CAD $/tonne 217.91 215.54 196.61 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 564.61 DDG's FOB Srn & Aylm 230.00