FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, December 27

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, December 27 Bank of Canada Noon exchange rate was 1.3535 up 0.0000 Chicago soybeans closed moderately higher to higher. JAN17 HI 10.15 1/4 NOV17 HI 10.02 3/4 LOW 9.89 1/4 LOW 9.80 3/4 CLOSE10.14 3/4 Up 25 3/4 CLOSE 10.02 1/2 Up 21 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 12.90 473.902.60 12.63 463.89 CK High 2.77 12.92 474.642.70 12.73 467.56 CK Average 2.75 -0.6312.90 474.022.66 -0.6612.68 465.91 Essex Cty 2.75 12.90 473.902.65 12.68 465.73 Mdsx Low 2.75 12.90 473.902.65 12.68 465.73 Mdsx High 2.77 12.92 474.642.66 12.69 466.09 Mdsx Average 2.76 -0.6312.91 474.272.66 -0.6612.68 465.91 Hensall 2.78 12.92 474.822.68 12.70 466.65 Bruce 2.75 12.90 473.902.65 12.68 465.73 Putnam 2.60 12.75 468.392.55 12.58 462.05 Burford 2.84 12.99 477.212.73 12.76 468.67 Port Perry 2.77 12.92 474.642.66 12.69 466.09 Norfolk 2.80 12.95 475.742.70 12.73 467.56 Palmerston 2.80 12.95 475.742.70 12.73 467.56 Varna 2.80 12.95 475.742.70 12.73 467.56 Trenton 2.75 12.90 473.902.70 12.73 467.56 Winchester 2.69 12.84 471.702.65 12.68 465.73 North Gower 2.76 12.91 474.272.74 12.77 469.03 Huron FOB 2.95 13.10 481.252.80 12.83 471.24 Kent FOB 2.85 13.00 477.582.65 12.68 465.73 Lambton FOB 2.80 12.95 475.742.85 12.88 473.08 Middlesex FOB2.90 2.90 N/A N/A 13.05 479.412.77 12.80 470.14 PROCESSORS Hamilton 3.31 3.31 N/A N/A 13.46 494.483.17 13.20 484.83 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 2.95 13.10 481.253.10 13.13 482.26 Toledo El. -0.37 9.78 359.40-0.53 9.50 348.96 Bank of Canada Noon exchange rate was 1.3535 up 0.0000 Chicago wheat closed higher. MAR17 HI 4.11 JUL17 HI 4.36 LOW 3.94 1/2 LOW 4.21 3/4 CLOSE 4.09 1/2 Up 16 CLOSE 4.34 1/2 Up 13 3/4 Minni wheat closed slightly to moderately higher. MAR17 HI 5.41 SEP17 HI 5.45 1/4 LOW 5.30 3/4 LOW 5.42 CLOSE 5.39 Up 8 1/4 CLOSE 5.43 Up 4 3/4 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.71 0.64 0.78 0.63 CAD $/bu 4.81 4.74 4.87 6.02 CAD $/tonne 176.62 174.13 179.11 221.21 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 0.44 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 0.17 N/A N/A N/A N/A North Gower N/A 0.47 0.61 0.38 N/A 0.85 0.91 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 1.46 N/A N/A N/A 1.54 N/A Toledo El. 3.95US 5.35CA 4.15US 5.61CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.00 0.93 0.93 0.84 CAD $/bu 5.34 5.27 5.27 6.27 CAD $/tonne 196.23 193.74 193.74 230.30 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 528.90 DDG's FOB Srn & Aylm 135.00 - 140.00