FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, May 16

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, May 16 Exchange rate was 1.3574 down 0.0070 Chicago soybeans closed slightly to moderately higher. JUL17 HI 9.77 1/4 NOV17 HI 9.68 1/4 LOW 9.64 LOW 9.58 3/4 CLOSE9.76 1/4 Up 11 CLOSE 9.67 3/4 Up 7 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+JUL1+NOV17 CK Low 2.85 12.61 463.432.50 12.18 447.45 CK High 2.90 12.66 465.272.65 12.33 452.96 CK Average 2.86 -0.4612.62 463.862.56 -0.6712.23 449.47 Essex Cty 2.90 12.66 465.272.55 12.23 449.28 Mdsx Low 2.87 12.63 464.162.51 12.19 447.81 Mdsx High 2.90 12.66 465.272.60 12.28 451.12 Mdsx Average 2.89 -0.4512.65 464.722.56 -0.6712.23 449.47 Hensall 2.90 12.66 465.272.60 12.28 451.12 Bruce 2.90 12.66 465.272.60 12.28 451.12 Putnam 3.00 12.76 468.942.70 12.38 454.80 Burford 2.96 12.72 467.472.60 12.28 451.12 Port Perry 2.87 12.63 464.162.51 12.19 447.81 Norfolk 2.90 12.66 465.272.60 12.28 451.12 Palmerston 2.95 12.71 467.102.55 12.23 449.28 Varna 2.90 12.66 465.272.60 12.28 451.12 Trenton 2.90 12.66 465.272.70 12.38 454.80 Winchester 2.70 12.46 457.922.80 12.48 458.47 North Gower 2.58 12.34 453.512.69 12.37 454.43 Huron FOB 3.05 12.81 470.782.70 12.38 454.80 Kent FOB 3.00 12.76 468.942.55 12.23 449.28 Lambton FOB 2.95 12.71 467.102.70 12.38 454.80 Middlesex FOB2.97 2.97 N/A N/A 12.73 467.842.71 12.39 455.16 PROCESSORS Hamilton 3.37 3.23 3.23 N/A 13.13 482.543.11 12.79 469.86 N/A N/A N/A TRANSFER Prescott 2.98 12.74 468.213.08 12.76 468.76 Sarnia 2.68 12.44 457.182.90 12.58 462.14 Toledo El. -0.31 9.45 347.24-0.57 9.11 334.64 Exchange rate was 1.3574 down 0.0070 Chicago wheat closed slightly higher. JUL17 HI 4.26 JUL17 HI 4.26 LOW 4.20 1/4 LOW 4.20 1/4 CLOSE 4.24 1/4 Up 1 CLOSE 4.24 1/4 Up 1 Minni wheat closed slightly lower. JUL17 HI 5.44 SEP17 HI 5.51 1/2 LOW 5.37 1/2 LOW 5.44 1/2 CLOSE 5.39 3/4 Down 1/4 CLOSE 5.46 3/4 Down 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.57 0.57 0.57 0.23 CAD $/bu 4.81 4.81 4.81 5.63 CAD $/tonne 176.69 176.69 176.69 206.86 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 0.95 N/A London 0.88 0.81 0.81 N/A 1.08 0.81 0.90 N/A Hensall 0.90 N/A 0.80 N/A 1.10 N/A 0.95 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 1.10 0.85 0.95 0.65 Essex N/A N/A 0.58 N/A N/A N/A 0.73 N/A Norwich 0.90 N/A 0.80 N/A 1.10 N/A 0.95 N/A Port Hope N/A N/A 0.85 N/A N/A 0.95 1.05 N/A Kent Bridge 0.90 N/A 0.80 N/A 1.10 N/A 0.95 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 0.30 N/A 0.85 0.90 0.65 Varna 0.90 0.85 0.80 N/A 1.25 0.90 0.95 N/A Mitchell 0.90 0.80 0.80 N/A 1.10 0.95 0.95 N/A Thornton N/A N/A N/A 0.34 N/A N/A N/A N/A North Gower N/A 0.49 0.49 0.06 N/A 1.17 1.17 0.46 W O Feed 1.46 TERMINAL Sarnia 1.12 N/A 1.10 N/A 1.36 N/A 1.22 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 1.38N/A N/A N/A 1.45N/A Toledo El. 4.09US 5.56CA 4.09US 5.56CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.11 1.11 1.11 0.53 CAD $/bu 5.35 5.35 5.35 6.00 CAD $/tonne 196.64 196.64 196.64 220.33 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 462.98 DDG's FOB Srn & Aylm 175.00 - 180.00