FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, January 11

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, January 11 Bank of Canada Noon exchange rate was 1.3232 up 0.0024 Chicago soybeans closed slightly lower. MAR17 HI 10.16 1/2 NOV17 HI 10.00 LOW 10.01 LOW 9.87 1/4 CLOSE10.11 1/2 Down 2 1/4 CLOSE 9.98 Down 2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY17 CK Low 2.45 12.57 461.682.39 12.37 454.52 CK High 2.50 12.62 463.522.50 12.48 458.56 CK Average 2.49 -0.5412.61 463.222.42 -0.5412.40 455.74 Essex Cty 2.50 12.62 463.522.40 12.38 454.89 Mdsx Low 2.50 12.62 463.522.37 12.35 453.78 Mdsx High 2.50 12.62 463.522.45 12.43 456.72 Mdsx Average 2.50 -0.5312.62 463.522.41 -0.5512.39 455.25 Hensall 2.53 12.64 464.442.48 12.46 457.64 Bruce 2.45 12.57 461.682.40 12.38 454.89 Putnam 2.50 12.62 463.522.45 12.43 456.72 Burford 2.56 12.68 465.732.43 12.41 455.99 Port Perry 2.50 12.62 463.522.37 12.35 453.78 Norfolk 2.55 12.67 465.362.45 12.43 456.72 Palmerston 2.55 12.67 465.362.45 12.43 456.72 Varna 2.55 12.67 465.362.50 12.48 458.56 Trenton 2.48 12.60 462.792.45 12.43 456.72 Winchester 2.57 12.69 466.092.51 12.49 458.93 North Gower 2.46 12.58 462.052.54 12.52 460.03 Huron FOB 2.70 12.82 470.872.60 12.58 462.24 Kent FOB 2.60 12.72 467.202.40 12.38 454.89 Lambton FOB 2.50 12.62 463.522.60 12.58 462.24 Middlesex FOB2.67 2.71 N/A N/A 12.79 469.772.54 12.52 460.03 PROCESSORS Hamilton 2.90 2.95 N/A N/A 13.02 478.222.82 12.80 470.32 N/A N/A N/A TRANSFER Prescott 2.75 12.87 472.712.87 12.85 472.16 Sarnia 2.57 12.69 466.092.83 12.81 470.69 Toledo El. -0.46 9.65 354.73-0.51 9.47 347.86 Bank of Canada Noon exchange rate was 1.3232 up 0.0024 Chicago wheat closed moderately lower. MAR17 HI 4.26 1/4 JUL17 HI 4.53 1/2 LOW 4.12 LOW 4.39 3/4 CLOSE 4.18 3/4 Down 8 CLOSE 4.47 1/4 Down 7 Minni wheat closed steady to slightly higher. MAR17 HI 5.63 3/4 SEP17 HI 5.51 3/4 LOW 5.56 LOW 5.44 3/4 CLOSE 5.61 1/2 Up 1/4 CLOSE 5.50 Unchanged 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 0.67 0.53 CAD $/bu 4.79 4.72 4.85 6.14 CAD $/tonne 175.95 173.54 178.37 225.66 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 0.70 0.70 0.70 N/A 0.72 0.59 0.59 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 N/A 0.75 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 0.65 N/A N/A N/A 0.60 N/A Brigden N/A N/A 0.65 N/A N/A N/A 0.60 N/A Palmerston N/A 0.65 0.70 N/A N/A 0.60 0.60 0.60 Varna 0.65 0.65 0.65 N/A 0.60 0.55 0.55 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 0.03 N/A N/A N/A N/A North Gower N/A 0.48 0.61 0.35 N/A 0.90 0.90 0.61 W O Feed 1.51 TERMINAL Sarnia N/A N/A 0.84 N/A 1.15 0.80 0.90 N/A Prescott N/A N/A 0.76 N/A N/A N/A 0.97 0.71 PROCESSORS Toledo FM N/A N/A 1.33N/A N/A N/A 1.41N/A Toledo El. 4.04US 5.32CA 4.27US 5.62CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.88 0.82 0.82 0.68 CAD $/bu 5.35 5.29 5.29 6.18 CAD $/tonne 196.71 194.30 194.30 227.02 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 484.91 DDG's FOB Srn & Aylm 135.00 - 140.00