FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, July 26

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, July 26 Bank of Canada Noon exchange rate was 1.3209 down 0.0016 Chicago soybeans closed slightly higher. AUG16 HI 10.02 3/4 NOV16 HI 9.83 LOW 9.80 1/2 LOW 9.63 CLOSE9.93 1/2 Up 9 3/4 CLOSE 9.73 3/4 Up 7 1/2 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 12.59 462.422.30 12.04 442.30 CK High 2.80 12.74 467.932.50 12.24 449.65 CK Average 2.73 -0.3312.67 465.422.40 -0.5312.14 445.98 Essex Cty 2.80 12.74 467.932.50 12.24 449.65 Mdsx Low 2.65 12.59 462.422.30 12.04 442.30 Mdsx High 2.77 12.71 466.832.38 12.12 445.24 Mdsx Average 2.71 -0.3512.65 464.622.34 -0.5712.08 443.77 Hensall 2.70 12.64 464.262.38 12.11 445.06 Bruce 2.65 12.59 462.422.30 12.04 442.30 Putnam 2.75 12.69 466.092.40 12.14 445.98 Burford 2.80 12.74 467.932.41 12.15 446.34 Port Perry 2.77 12.71 466.832.38 12.12 445.24 Norfolk 2.80 12.74 467.932.40 12.14 445.98 Palmerston 2.80 12.74 467.932.45 12.19 447.81 Varna 2.75 12.69 466.092.45 12.19 447.81 Trenton 2.65 12.59 462.422.60 12.34 453.33 Winchester N/A 2.50 12.24 449.65 North Gower 2.40 12.34 453.232.57 12.31 452.22 Huron FOB 2.90 12.84 471.612.55 12.29 451.49 Kent FOB 2.95 12.89 473.442.50 12.24 449.65 Lambton FOB 2.65 12.59 462.422.70 12.44 457.00 Middlesex FOB2.68 2.94 N/A N/A 12.62 463.522.68 12.42 456.27 PROCESSORS Hamilton 3.32 3.39 N/A 2.93 13.26 487.042.93 12.67 465.45 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott N/A 3.00 12.74 468.02 Toledo El. -0.15 9.79 359.72-0.42 9.32 342.30 Bank of Canada Noon exchange rate was 1.3209 down 0.0016 Chicago wheat closed lower. SEP16 HI 4.29 1/4 JUL17 HI 5.01 3/4 LOW 4.14 LOW 4.89 1/4 CLOSE 4.15 Down 14 CLOSE 4.89 1/4 Down 13 1/2 Minni wheat closed moderately lower. SEP16 HI 4.96 SEP17 HI 5.54 LOW 4.85 1/2 LOW 5.48 CLOSE 4.86 1/2 Down 10 1/2 CLOSE 5.48 Down 9 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.60 0.47 0.60 0.76 CAD $/bu 4.75 4.62 4.75 5.63 CAD $/tonne 174.50 169.65 174.50 206.73 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 0.30 0.45 N/A N/A N/A 0.40 N/A London 0.57 0.39 0.46 N/A 0.68 0.54 0.54 N/A Hensall 0.50 N/A 0.45 N/A 0.60 N/A 0.45 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 0.45 N/A Port Hope N/A 0.50 0.45 0.50 N/A 0.35 0.45 N/A Kent Bridge 0.50 N/A 0.45 N/A 0.60 N/A 0.45 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 0.55 0.40 0.45 N/A 0.55 0.45 0.45 N/A Mitchell 0.50 0.35 0.45 N/A 0.60 0.35 0.45 N/A Thornton N/A N/A N/A 0.32 N/A N/A N/A N/A North Gower N/A 0.52 0.65 0.81 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 1.59 N/A 1.32 N/A N/A N/A 1.55 N/A Toledo El. 4.08US 5.38CA 4.69US 6.18CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.03 0.96 0.43 CAD $/bu 5.92 5.85 5.33 CAD $/tonne 217.51 215.09 195.73 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 540.58 DDG's FOB Srn & Aylm 215.00 - 230.00