FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, April 20

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, April 20 Bank of Canada Noon exchange rate was 1.348 up 0.0011 Chicago soybeans closed slightly lower. MAY17 HI 9.55 3/4 NOV17 HI 9.62 1/2 LOW 9.46 LOW 9.53 CLOSE9.46 3/4 Down 3 1/2 CLOSE 9.53 3/4 Down 4 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAY1+JUL1+JUL17 CK Low 2.60 12.07 443.402.35 11.89 436.79 CK High 2.65 12.12 445.242.40 11.94 438.63 CK Average 2.64 -0.4812.11 444.812.39 -0.6811.93 438.32 Essex Cty 2.65 12.12 445.242.35 11.89 436.79 Mdsx Low 2.63 12.10 444.512.38 11.92 437.89 Mdsx High 2.70 12.17 447.082.45 11.99 440.47 Mdsx Average 2.67 -0.4612.13 445.792.42 -0.6611.95 439.18 Hensall 2.68 12.14 446.162.45 11.99 440.47 Bruce 2.70 12.17 447.082.45 11.99 440.47 Putnam 2.70 12.17 447.082.45 11.99 440.47 Burford 2.74 12.21 448.552.49 12.03 441.93 Port Perry 2.63 12.10 444.512.38 11.92 437.89 Norfolk 2.70 12.17 447.082.50 12.04 442.30 Palmerston 2.65 12.12 445.242.40 11.94 438.63 Varna 2.65 12.12 445.242.45 11.99 440.47 Trenton 2.55 12.02 441.572.45 11.99 440.47 Winchester 2.48 11.95 439.002.73 12.27 450.75 North Gower 2.53 12.00 440.832.66 12.20 448.18 Huron FOB 2.80 12.27 450.752.55 12.09 444.14 Kent FOB 2.75 12.22 448.922.40 11.94 438.63 Lambton FOB 2.60 12.07 443.402.50 12.04 442.30 Middlesex FOB2.80 2.87 N/A N/A 12.27 450.752.59 12.13 445.61 PROCESSORS Hamilton 3.12 3.05 N/A N/A 12.59 462.513.05 12.59 462.51 N/A N/A N/A TRANSFER Prescott 2.76 12.23 449.282.96 12.50 459.20 Sarnia 2.55 12.02 441.572.79 12.33 452.96 Toledo El. -0.31 9.16 336.49-0.57 8.97 329.66 Bank of Canada Noon exchange rate was 1.348 up 0.0011 Chicago wheat closed lower. MAY17 HI 4.21 3/4 JUL17 HI 4.37 LOW 4.05 1/4 LOW 4.21 CLOSE 4.06 1/4 Down 12 3/4 CLOSE 4.21 3/4 Down 12 3/4 Minni wheat closed moderately lower. MAY17 HI 5.37 1/4 SEP17 HI 5.52 LOW 5.26 1/2 LOW 5.41 1/4 CLOSE 5.27 Down 10 1/4 CLOSE 5.42 Down 10 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.67 0.67 0.67 0.35 CAD $/bu 4.73 4.73 4.73 5.62 CAD $/tonne 173.80 173.80 173.80 206.33 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 N/A 0.75 N/A London 0.80 0.80 0.73 N/A 0.98 0.78 0.78 N/A Hensall 0.80 N/A 0.70 N/A 0.90 N/A 0.75 N/A Trenton N/A N/A N/A N/A N/A N/A 0.90 N/A Bruce 0.80 0.70 0.70 0.40 0.90 0.75 0.75 0.60 Essex N/A N/A 0.51 N/A N/A N/A 0.66 N/A Norwich 0.80 N/A 0.70 N/A 0.90 N/A 0.75 N/A Port Hope N/A N/A 0.70 N/A N/A 0.75 0.85 N/A Kent Bridge 0.80 N/A 0.70 N/A 0.90 N/A 0.75 N/A Chatham N/A N/A 0.70 N/A N/A N/A 0.75 N/A Brigden N/A N/A 0.70 N/A N/A N/A 0.75 N/A Palmerston N/A 0.70 0.70 0.40 N/A 0.75 0.75 0.60 Varna 0.80 0.70 0.70 N/A 1.05 0.75 0.75 N/A Mitchell 0.80 0.70 0.70 N/A 0.90 0.75 0.75 N/A Thornton N/A N/A N/A 0.19 N/A N/A N/A N/A North Gower N/A 0.61 0.61 0.18 N/A 1.16 1.16 0.74 W O Feed 1.39 TERMINAL Sarnia N/A N/A 1.02 N/A 1.36 N/A 1.13 N/A Prescott N/A N/A N/A N/A N/A N/A 1.04 N/A PROCESSORS Toledo FM N/A N/A 1.41N/A N/A N/A 1.46N/A Toledo El. 3.96US 5.34CA 4.07US 5.48CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.06 1.06 1.06 0.80 CAD $/bu 5.28 5.28 5.28 6.22 CAD $/tonne 193.84 193.84 193.84 228.60 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 455.15 DDG's FOB Srn & Aylm 175.00