FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, September 23

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, September 23 Bank of Canada Noon exchange rate was 1.3165 up 0.0126 Chicago soybeans closed moderately lower. NOV16 HI 9.76 1/4 NOV17 HI 9.63 1/4 LOW 9.52 1/2 LOW 9.47 1/2 CLOSE9.55 Down 21 1/2 CLOSE 9.49 1/4 Down 15 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+NOV1+JAN17 CK Low 2.55 12.10 444.602.05 11.54 424.11 CK High 2.70 12.25 450.112.20 11.69 429.63 CK Average 2.59 -0.3312.14 446.132.12 -0.6511.61 426.69 Essex Cty 2.55 12.10 444.602.10 11.59 425.95 Mdsx Low 2.53 12.08 443.862.10 11.59 425.95 Mdsx High 2.65 12.20 448.272.15 11.64 427.79 Mdsx Average 2.59 -0.3312.14 446.072.13 -0.6411.62 426.87 Hensall 2.60 12.15 446.442.10 11.59 425.95 Bruce 2.55 12.10 444.602.05 11.54 424.11 Putnam 2.55 12.10 444.60 N/A Burford 2.59 12.14 446.072.16 11.65 428.16 Port Perry 2.53 12.08 443.862.10 11.59 425.95 Norfolk 2.60 12.15 446.442.10 11.59 425.95 Palmerston 2.55 12.10 444.602.10 11.59 425.95 Varna 2.55 12.10 444.602.05 11.54 424.11 Trenton 2.70 12.25 450.112.15 11.64 427.79 Winchester 2.61 12.16 446.802.18 11.67 428.89 North Gower 2.56 12.11 444.972.25 11.74 431.46 Huron FOB 2.65 12.20 448.272.15 11.64 427.79 Kent FOB 2.65 12.20 448.272.10 11.59 425.95 Lambton FOB 2.70 12.25 450.112.30 11.79 433.30 Middlesex FOB2.70 2.70 2.77 N/A 12.25 450.112.27 11.76 432.20 PROCESSORS Hamilton 3.10 3.10 3.16 N/A 12.65 464.81 N/A Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 3.07 12.62 463.712.46 11.95 439.18 Toledo El. -0.42 9.13 335.42-0.33 9.16 336.73 Bank of Canada Noon exchange rate was 1.3165 up 0.0126 Chicago wheat closed slightly lower to steady. DEC16 HI 4.09 1/2 JUL17 HI 4.53 3/4 LOW 4.01 1/4 LOW 4.46 CLOSE 4.04 3/4 Down 3/4 CLOSE 4.50 Unchanged Minni wheat closed narrowly mixed. DEC16 HI 5.09 1/2 SEP17 HI 5.41 1/2 LOW 4.98 LOW 5.35 1/2 CLOSE 5.03 3/4 Up 2 1/2 CLOSE 5.35 1/2 Down 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.56 0.49 0.62 0.28 CAD $/bu 4.60 4.54 4.67 5.32 CAD $/tonne 169.18 166.76 171.60 195.30 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 N/A 0.20 N/A N/A 0.40 0.40 N/A London 0.15 0.18 0.15 N/A 0.55 0.42 0.48 N/A Hensall 0.15 N/A 0.15 N/A 0.55 N/A 0.45 N/A Trenton N/A N/A 0.20 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 0.15 N/A N/A N/A 0.38 N/A Norwich 0.15 N/A 0.15 N/A 0.55 N/A 0.45 N/A Port Hope N/A 0.17 0.17 N/A N/A 0.40 0.45 N/A Kent Bridge 0.15 N/A 0.15 N/A 0.55 N/A 0.45 N/A Chatham N/A 0.15 0.20 N/A N/A N/A 0.45 N/A Brigden N/A N/A 0.20 N/A N/A N/A 0.45 N/A Palmerston N/A 0.21 0.15 0.30 N/A 0.40 0.35 0.40 Varna 0.20 0.15 0.15 N/A 0.55 0.45 0.45 N/A Mitchell 0.15 0.15 0.15 N/A 0.55 0.40 0.45 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 0.49 0.13 N/A N/A N/A N/A TERMINAL Prescott N/A 0.60 0.60 0.38 N/A 0.60 0.60 0.45 PROCESSORS Toledo FM N/A N/A 1.28 N/A N/A N/A 1.41 N/A Toledo El. 3.81US 5.01CA 4.30US 5.64CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.75 0.69 0.69 0.49 CAD $/bu 5.25 5.19 5.19 5.85 CAD $/tonne 192.93 190.52 190.52 214.88 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 474.33 DDG's FOB Srn & Aylm 180.00 - 185.00