FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, July 22

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, July 22 Bank of Canada Noon exchange rate was 1.3178 up 0.0121 Chicago soybeans closed slightly lower to lower. AUG16 HI 10.37 NOV16 HI 10.16 1/2 LOW 9.85 LOW 9.66 1/4 CLOSE10.06 1/2 Down 26 CLOSE 9.88 1/4 Down 24 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 2.65 12.72 467.202.30 12.18 447.63 CK High 2.80 12.87 472.712.45 12.33 453.14 CK Average 2.71 -0.3512.78 469.402.38 -0.5612.26 450.51 Essex Cty 2.80 12.87 472.712.45 12.33 453.14 Mdsx Low 2.65 12.72 467.202.30 12.18 447.63 Mdsx High 2.69 12.76 468.672.35 12.23 449.47 Mdsx Average 2.67 -0.3812.74 467.932.33 -0.6012.21 448.55 Hensall 2.65 12.72 467.202.33 12.21 448.55 Bruce 2.65 12.72 467.202.30 12.18 447.63 Putnam 2.75 12.82 470.872.40 12.28 451.30 Burford 2.72 12.79 469.772.38 12.26 450.57 Port Perry 2.69 12.76 468.672.35 12.23 449.47 Norfolk 2.75 12.82 470.872.35 12.23 449.47 Palmerston 2.80 12.87 472.712.45 12.33 453.14 Varna 2.65 12.72 467.202.35 12.23 449.47 Trenton 2.67 12.74 467.932.70 12.58 462.33 Winchester N/A 2.34 12.22 449.10 North Gower 2.45 12.52 459.852.48 12.36 454.24 Huron FOB 2.85 12.92 474.552.50 12.38 454.98 Kent FOB 2.90 12.97 476.382.45 12.33 453.14 Lambton FOB 2.65 12.72 467.202.65 12.53 460.49 Middlesex FOB2.59 2.86 N/A N/A 12.66 464.992.52 12.40 455.71 PROCESSORS Hamilton 3.26 3.32 N/A 2.86 13.33 489.612.86 12.74 468.21 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 1.85 11.92 437.803.00 12.88 473.35 Toledo El. -0.14 9.92 364.51-0.42 9.46 347.65 Bank of Canada Noon exchange rate was 1.3178 up 0.0121 Chicago wheat closed moderately higher. SEP16 HI 4.27 JUL17 HI 4.95 1/2 LOW 4.07 LOW 4.77 CLOSE 4.25 1/4 Up 7 1/2 CLOSE 4.94 3/4 Up 9 1/2 Minni wheat closed moderately higher. SEP16 HI 4.97 SEP17 HI 5.56 LOW 4.82 1/4 LOW 5.45 1/4 CLOSE 4.95 1/4 Up 9 CLOSE 5.56 Up 8 3/4 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.62 0.48 0.62 0.77 CAD $/bu 4.87 4.74 4.87 5.72 CAD $/tonne 178.85 174.02 178.85 210.25 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 0.30 0.45 N/A N/A N/A 0.35 N/A London 0.47 0.30 0.44 N/A 0.49 0.43 0.36 N/A Hensall 0.50 N/A 0.45 N/A 0.60 N/A 0.40 N/A Trenton N/A N/A 0.50 N/A N/A N/A 0.40 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A 0.40 N/A N/A N/A 0.42 N/A Norwich 0.50 N/A 0.45 N/A 0.60 N/A 0.40 N/A Port Hope N/A 0.50 0.45 0.50 N/A 0.35 0.40 N/A Kent Bridge 0.50 N/A 0.45 N/A 0.60 N/A 0.40 N/A Chatham N/A 0.30 0.45 N/A N/A N/A 0.35 N/A Brigden N/A N/A 0.45 N/A N/A N/A 0.35 N/A Palmerston N/A 0.40 0.45 0.60 N/A 0.40 0.55 0.55 Varna 0.65 0.40 0.45 N/A 0.55 0.45 0.45 N/A Mitchell 0.50 0.25 0.45 N/A 0.60 0.35 0.40 N/A Thornton N/A N/A N/A 0.24 N/A N/A N/A N/A North Gower N/A 0.44 0.57 0.72 N/A N/A N/A N/A TERMINAL Prescott N/A 0.75 0.75 0.45 N/A 0.60 0.65 0.45 PROCESSORS Toledo FM 1.60 N/A 1.34 N/A N/A N/A 1.56 N/A Toledo El. 4.18US 5.50CA 4.75US 6.25CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.03 0.97 0.44 CAD $/bu 5.98 5.92 5.39 CAD $/tonne 219.80 217.38 198.05 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 547.53 DDG's FOB Srn & Aylm 225.00 - 230.00