FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, May 8

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, May 8 Exchange rate was 1.3686 up 0.0005 Chicago soybeans closed slightly lower. JUL17 HI 9.74 3/4 NOV17 HI 9.68 1/2 LOW 9.63 1/4 LOW 9.58 1/2 CLOSE9.64 3/4 Down 8 1/4 CLOSE 9.61 1/4 Down 5 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+JUL1+NOV17 CK Low 2.80 12.45 457.372.60 12.21 448.73 CK High 2.95 12.60 462.882.70 12.31 452.41 CK Average 2.93 -0.4612.57 461.962.64 -0.6612.26 450.32 Essex Cty 2.95 12.60 462.882.65 12.26 450.57 Mdsx Low 2.80 12.45 457.372.62 12.23 449.47 Mdsx High 3.00 12.65 464.722.70 12.31 452.41 Mdsx Average 2.90 -0.4812.55 461.042.66 -0.6512.27 450.94 Hensall 3.00 12.65 464.722.70 12.31 452.41 Bruce 3.00 12.65 464.722.70 12.31 452.41 Putnam 2.70 12.35 453.692.60 12.21 448.73 Burford 2.91 12.56 461.412.73 12.34 453.51 Port Perry 2.80 12.45 457.372.62 12.23 449.47 Norfolk 3.00 12.65 464.722.70 12.31 452.41 Palmerston 2.95 12.60 462.882.70 12.31 452.41 Varna 2.90 12.55 461.042.70 12.31 452.41 Trenton 2.95 12.60 462.882.70 12.31 452.41 Winchester 2.83 12.48 458.472.80 12.41 456.08 North Gower 2.62 12.27 450.752.74 12.35 453.88 Huron FOB 3.15 12.80 470.232.80 12.41 456.08 Kent FOB 3.10 12.75 468.392.62 12.23 449.47 Lambton FOB 3.05 12.70 466.552.85 12.46 457.92 Middlesex FOB3.05 3.05 N/A N/A 12.70 466.552.80 12.41 456.08 PROCESSORS Hamilton 3.45 3.30 3.30 N/A 13.10 481.253.20 12.81 470.78 N/A N/A N/A TRANSFER Prescott 3.11 12.76 468.763.19 12.80 470.41 Sarnia 2.75 12.40 455.532.98 12.59 462.70 Toledo El. -0.31 9.33 342.92-0.57 9.04 332.08 Exchange rate was 1.3686 up 0.0005 Chicago wheat closed moderately lower. JUL17 HI 4.41 1/2 JUL17 HI 4.41 1/2 LOW 4.32 3/4 LOW 4.32 3/4 CLOSE 4.33 1/2 Down 8 3/4 CLOSE 4.33 1/2 Down 8 3/4 Minni wheat closed moderately lower. JUL17 HI 5.54 1/4 SEP17 HI 5.61 LOW 5.43 3/4 LOW 5.51 3/4 CLOSE 5.44 3/4 Down 9 1/2 CLOSE 5.52 1/4 Down 9 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.64 0.64 0.64 0.30 CAD $/bu 4.98 4.98 4.98 5.74 CAD $/tonne 182.80 182.80 182.80 211.09 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 0.80 N/A N/A N/A 0.90 N/A London 0.87 0.87 0.73 N/A 0.94 0.87 0.87 N/A Hensall 0.90 N/A 0.80 N/A 1.05 N/A 0.90 N/A Trenton N/A N/A N/A N/A N/A N/A 1.05 N/A Bruce 0.90 0.50 0.80 0.30 1.05 0.75 0.90 0.60 Essex N/A N/A 0.61 N/A N/A N/A 0.71 N/A Norwich 0.90 N/A 0.80 N/A 1.05 N/A 0.90 N/A Port Hope N/A N/A 0.85 N/A N/A 0.90 1.05 N/A Kent Bridge 0.90 N/A 0.80 N/A 1.05 N/A 0.90 N/A Chatham N/A N/A 0.80 N/A N/A N/A 0.90 N/A Brigden N/A N/A 0.80 N/A N/A N/A 0.90 N/A Palmerston N/A 0.50 0.70 0.50 N/A 0.85 0.85 0.78 Varna 0.90 0.85 0.80 N/A 1.30 0.95 1.00 N/A Mitchell 0.90 0.80 0.80 N/A 1.05 0.90 0.90 N/A Thornton N/A N/A N/A 0.44 N/A N/A N/A N/A North Gower N/A 0.57 0.57 0.13 N/A 1.27 1.27 0.53 W O Feed 1.49 TERMINAL Sarnia 1.12 N/A 1.17 N/A 1.37 N/A 1.27 N/A Prescott N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM N/A N/A 1.46N/A N/A N/A 1.53N/A Toledo El. 4.19US 5.73CA 4.19US 5.73CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.19 1.19 1.19 0.60 CAD $/bu 5.52 5.52 5.52 6.12 CAD $/tonne 202.92 202.92 202.92 224.92 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 459.23 DDG's FOB Srn & Aylm 175.00