FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, October 13

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, October 13 Bank of Canada Noon exchange rate was 1.3219 down 0.0058 Chicago soybeans closed slightly to moderately higher. NOV16 HI 9.59 1/2 NOV17 HI 9.66 3/4 LOW 9.37 1/4 LOW 9.48 CLOSE9.56 1/4 Up 10 3/4 CLOSE 9.64 1/4 Up 9 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+JAN1+JAN17 CK Low 2.37 11.93 438.442.20 11.84 435.14 CK High 2.55 12.11 445.062.30 11.94 438.81 CK Average 2.42 -0.4711.98 440.282.25 -0.6511.89 437.04 Essex Cty 2.55 12.11 445.062.25 11.89 436.97 Mdsx Low 2.35 11.91 437.712.19 11.83 434.77 Mdsx High 2.40 11.96 439.552.25 11.89 436.97 Mdsx Average 2.38 -0.5111.94 438.632.22 -0.6811.86 435.87 Hensall 2.43 11.99 440.472.23 11.87 436.06 Bruce 2.50 12.06 443.222.25 11.89 436.97 Putnam 2.50 12.06 443.222.25 11.89 436.97 Burford 2.41 11.97 439.912.25 11.89 436.97 Port Perry 2.32 11.88 436.612.16 11.80 433.67 Norfolk 2.45 12.01 441.382.20 11.84 435.14 Palmerston 2.55 12.11 445.062.25 11.89 436.97 Varna 2.45 12.01 441.382.20 11.84 435.14 Trenton 2.60 12.16 446.902.15 11.79 433.30 Winchester 2.63 12.19 448.002.29 11.93 438.44 North Gower 2.75 12.31 452.412.39 12.03 442.12 Huron FOB 2.55 12.11 445.062.30 11.94 438.81 Kent FOB 2.40 11.96 439.552.20 11.84 435.14 Lambton FOB 2.45 12.01 441.382.50 12.14 446.16 Middlesex FOB2.52 2.59 2.62 N/A 12.08 443.962.36 12.00 441.02 PROCESSORS Hamilton 2.92 2.99 3.01 N/A 12.48 458.65 N/A Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 3.00 12.56 461.592.71 12.35 453.88 Toledo El. -0.49 9.07 333.44-0.33 9.31 342.15 Bank of Canada Noon exchange rate was 1.3219 down 0.0058 Chicago wheat closed higher. DEC16 HI 4.17 JUL17 HI 4.60 1/4 LOW 3.96 1/2 LOW 4.42 1/2 CLOSE 4.16 Up 19 1/4 CLOSE 4.60 1/4 Up 18 1/4 Minni wheat closed moderately higher. DEC16 HI 5.35 SEP17 HI 5.51 3/4 LOW 5.20 1/2 LOW 5.46 1/2 CLOSE 5.32 Up 10 1/4 CLOSE 5.50 Up 7 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.60 0.53 0.60 0.38 CAD $/bu 4.76 4.69 4.76 5.70 CAD $/tonne 174.90 172.48 174.90 209.30 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 0.25 N/A N/A 0.40 0.50 N/A London 0.19 0.22 0.26 N/A 0.59 0.46 0.53 N/A Hensall 0.25 N/A 0.25 N/A 0.60 N/A 0.50 N/A Trenton N/A N/A 0.20 N/A N/A N/A 0.40 N/A Bruce 0.25 0.10 0.25 0.30 0.60 0.35 0.50 0.45 Essex N/A N/A 0.15 N/A N/A N/A 0.40 N/A Norwich 0.25 N/A 0.25 N/A 0.60 N/A 0.50 N/A Port Hope N/A 0.25 0.25 N/A N/A 0.45 0.50 N/A Kent Bridge 0.25 N/A 0.25 N/A 0.60 N/A 0.50 N/A Chatham N/A N/A 0.25 N/A N/A N/A 0.45 N/A Brigden N/A N/A 0.25 N/A N/A N/A 0.45 N/A Palmerston N/A 0.24 0.25 0.30 N/A 0.40 0.45 0.40 Varna 0.25 0.25 0.25 N/A 0.55 0.45 0.45 N/A Mitchell 0.25 0.25 0.25 N/A 0.60 0.45 0.50 N/A Thornton N/A N/A N/A 0.16 N/A N/A N/A N/A North Gower N/A 0.46 0.46 0.17 N/A 0.75 0.75 0.47 TERMINAL Prescott N/A N/A 0.60 N/A N/A N/A 0.60 N/A PROCESSORS Toledo FM N/A N/A 1.33 N/A N/A N/A 1.49 N/A Toledo El. 4.02US 5.30CA 4.40US 5.82CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.83 0.76 0.76 0.59 CAD $/bu 5.43 5.36 5.36 6.09 CAD $/tonne 199.45 197.01 197.01 223.63 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 464.41 DDG's FOB Srn & Aylm 200.00 - 205.00