FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, October 17

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, October 17 Bank of Canada Noon exchange rate was 1.3138 down 0.0030 Chicago soybeans closed moderately higher. NOV16 HI 9.79 NOV17 HI 9.82 LOW 9.61 LOW 9.66 1/2 CLOSE9.78 1/4 Up 15 3/4 CLOSE 9.81 1/4 Up 12 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+JAN1+JAN17 CK Low 2.25 12.03 442.122.19 12.00 441.02 CK High 2.40 12.18 447.632.30 12.11 445.06 CK Average 2.32 -0.5612.11 444.812.23 -0.6212.04 442.55 Essex Cty 2.35 12.13 445.792.25 12.06 443.22 Mdsx Low 2.29 12.07 443.592.17 11.98 440.28 Mdsx High 2.35 12.13 445.792.20 12.01 441.38 Mdsx Average 2.32 -0.5612.10 444.692.19 -0.6612.00 440.83 Hensall 2.35 12.13 445.792.20 12.01 441.38 Bruce 2.35 12.13 445.792.20 12.01 441.38 Putnam 2.30 12.08 443.962.20 12.01 441.38 Burford 2.36 12.14 446.162.24 12.05 442.85 Port Perry 2.26 12.04 442.492.14 11.95 439.18 Norfolk 2.30 12.08 443.962.20 12.01 441.38 Palmerston 2.35 12.13 445.792.25 12.06 443.22 Varna 2.35 12.13 445.792.20 12.01 441.38 Trenton 2.55 12.33 453.142.20 12.01 441.38 Winchester 2.61 12.39 455.352.28 12.09 444.32 North Gower 2.51 12.29 451.672.34 12.15 446.53 Huron FOB 2.45 12.23 449.472.30 12.11 445.06 Kent FOB 2.30 12.08 443.962.20 12.01 441.38 Lambton FOB 2.45 12.23 449.472.40 12.21 448.73 Middlesex FOB2.40 2.43 2.62 2.62 12.18 447.632.35 12.16 446.90 PROCESSORS Hamilton 2.79 2.86 2.94 N/A 12.57 461.96 N/A Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 2.97 12.75 468.572.67 12.48 458.65 Toledo El. -0.49 9.30 341.61-0.33 9.48 348.51 Bank of Canada Noon exchange rate was 1.3138 down 0.0030 Chicago wheat closed slightly higher. DEC16 HI 4.25 3/4 JUL17 HI 4.68 1/4 LOW 4.16 LOW 4.59 1/2 CLOSE 4.23 3/4 Up 2 3/4 CLOSE 4.67 Up 3 1/2 Minni wheat closed slightly higher. DEC16 HI 5.34 3/4 SEP17 HI 5.56 LOW 5.26 1/2 LOW 5.53 1/4 CLOSE 5.29 Up 1/2 CLOSE 5.53 3/4 Up 2 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.60 0.54 0.60 0.34 CAD $/bu 4.84 4.77 4.84 5.63 CAD $/tonne 177.80 175.39 177.80 206.85 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 0.21 0.24 0.27 N/A 0.60 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 0.35 N/A N/A N/A 0.55 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 0.50 N/A Brigden N/A N/A 0.25 N/A N/A N/A 0.50 N/A Palmerston N/A 0.27 0.25 0.30 N/A 2.40 0.45 0.40 Varna 0.25 0.25 0.25 N/A 0.55 0.50 0.50 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 0.24 N/A N/A N/A N/A North Gower N/A 0.43 0.49 0.14 N/A 0.62 0.62 0.43 TERMINAL Prescott N/A 0.86 0.60 N/A N/A 0.60 0.60 N/A PROCESSORS Toledo FM N/A N/A 1.32 N/A N/A N/A 1.45 N/A Toledo El. 4.10US 5.38CA 4.47US 5.86CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.79 0.73 0.73 0.54 CAD $/bu 5.46 5.40 5.40 6.08 CAD $/tonne 200.75 198.34 198.34 223.25 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 471.25 DDG's FOB Srn & Aylm 200.00 - 210.00