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

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, December 23 Bank of Canada Noon exchange rate was 1.3535 up 0.0067 Chicago soybeans closed slightly lower. JAN17 HI 9.96 3/4 NOV17 HI 9.87 3/4 LOW 9.87 3/4 LOW 9.80 3/4 CLOSE9.89 Down 5 1/2 CLOSE 9.81 1/4 Down 6 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JAN1+MAR1+MAR17 CK Low 2.75 12.64 464.442.60 12.41 456.08 CK High 2.77 12.66 465.182.70 12.51 459.76 CK Average 2.75 -0.5512.64 464.562.66 -0.5812.47 458.10 Essex Cty 2.75 12.64 464.442.65 12.46 457.92 Mdsx Low 2.75 12.64 464.442.65 12.46 457.92 Mdsx High 2.77 12.66 465.182.66 12.47 458.29 Mdsx Average 2.76 -0.5412.65 464.812.66 -0.5812.47 458.10 Hensall 2.78 12.67 465.362.68 12.49 458.84 Bruce 2.75 12.64 464.442.65 12.46 457.92 Putnam 2.60 12.49 458.932.55 12.36 454.24 Burford 2.84 12.73 467.752.73 12.54 460.86 Port Perry 2.77 12.66 465.182.66 12.47 458.29 Norfolk 2.80 12.69 466.282.70 12.51 459.76 Palmerston 2.80 12.69 466.282.70 12.51 459.76 Varna 2.80 12.69 466.282.70 12.51 459.76 Trenton 2.75 12.64 464.442.70 12.51 459.76 Winchester 2.69 12.58 462.242.65 12.46 457.92 North Gower 2.76 12.65 464.812.74 12.55 461.23 Huron FOB 2.95 12.84 471.792.80 12.61 463.43 Kent FOB 2.85 12.74 468.112.65 12.46 457.92 Lambton FOB 2.80 12.69 466.282.85 12.66 465.27 Middlesex FOB2.90 2.90 N/A N/A 12.79 469.952.77 12.58 462.33 PROCESSORS Hamilton 3.31 3.31 N/A N/A 13.20 485.023.17 12.98 477.03 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 2.95 12.84 471.793.10 12.91 474.45 Toledo El. -0.38 9.51 349.47-0.53 9.29 341.19 Bank of Canada Noon exchange rate was 1.3535 up 0.0067 Chicago wheat closed slightly lower. MAR17 HI 3.98 1/4 JUL17 HI 4.24 1/2 LOW 3.92 3/4 LOW 4.20 CLOSE 3.93 1/2 Down 3 1/2 CLOSE 4.20 3/4 Down 3 1/4 Minni wheat closed slightly lower. MAR17 HI 5.35 SEP17 HI 5.41 LOW 5.30 LOW 5.38 CLOSE 5.30 3/4 Down 4 1/4 CLOSE 5.38 1/4 Down 2 1/4 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.65 0.58 0.71 0.59 CAD $/bu 4.58 4.51 4.65 5.90 CAD $/tonne 168.29 165.81 170.78 216.64 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 0.70 N/A N/A 0.60 0.60 N/A London 0.72 0.72 0.72 N/A 0.75 0.62 0.62 N/A Hensall 0.70 N/A 0.70 N/A 0.70 N/A 0.60 N/A Trenton N/A N/A N/A N/A N/A N/A 0.80 N/A Bruce 0.70 0.65 0.70 0.40 0.70 0.60 0.60 0.60 Essex N/A N/A N/A N/A N/A N/A 0.45 N/A Norwich 0.70 N/A 0.70 N/A 0.70 N/A 0.60 N/A Port Hope N/A 0.70 0.70 N/A N/A 0.55 0.60 N/A Kent Bridge 0.70 N/A 0.70 N/A 0.70 N/A 0.60 N/A Chatham N/A N/A 0.72 N/A N/A N/A 0.62 N/A Brigden N/A N/A 0.72 N/A N/A N/A 0.62 N/A Palmerston N/A 0.65 0.55 0.40 N/A 0.60 0.60 0.60 Varna 0.70 0.70 0.70 N/A 0.65 0.60 0.60 N/A Mitchell 0.70 0.70 0.70 N/A 0.70 0.55 0.60 N/A Thornton N/A N/A N/A 0.09 N/A N/A N/A N/A North Gower N/A 0.47 0.61 0.38 N/A 0.86 0.92 0.70 W O Feed 1.51 TERMINAL Prescott N/A N/A 0.80 N/A N/A N/A 1.00 N/A PROCESSORS Toledo FM N/A N/A 1.39 N/A N/A N/A 1.47 N/A Toledo El. 3.79US 5.12CA 4.01US 5.41CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.93 0.87 0.87 0.81 CAD $/bu 5.14 5.07 5.07 6.19 CAD $/tonne 188.94 186.46 186.46 227.40 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 518.10 DDG's FOB Srn & Aylm 135.00 - 140.00