FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, May 24

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, May 24 Exchange rate was 1.3419 down 0.0079 Chicago soybeans closed narrowly mixed. JUL17 HI 9.52 NOV17 HI 9.51 1/2 LOW 9.43 LOW 9.43 1/4 CLOSE9.48 1/4 Unchanged CLOSE 9.48 Down 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+JUL1+NOV17 CK Low 2.65 12.13 445.792.39 11.87 436.15 CK High 2.75 12.23 449.472.42 11.90 437.25 CK Average 2.71 -0.4012.19 448.062.40 -0.6311.88 436.58 Essex Cty 2.75 12.23 449.472.40 11.88 436.52 Mdsx Low 2.72 12.20 448.372.40 11.88 436.52 Mdsx High 2.75 12.23 449.472.45 11.93 438.35 Mdsx Average 2.74 -0.3812.22 448.922.43 -0.6111.91 437.43 Hensall 2.75 12.23 449.472.45 11.93 438.35 Bruce 2.75 12.23 449.472.45 11.93 438.35 Putnam 2.90 12.38 454.982.60 12.08 443.86 Burford 2.81 12.29 451.672.49 11.97 439.82 Port Perry 2.72 12.20 448.372.40 11.88 436.52 Norfolk 2.70 12.18 447.632.44 11.92 437.99 Palmerston 2.80 12.28 451.302.45 11.93 438.35 Varna 2.75 12.23 449.472.45 11.93 438.35 Trenton 2.75 12.23 449.472.50 11.98 440.19 Winchester 2.46 11.94 438.812.54 12.02 441.66 North Gower 2.54 12.02 441.752.64 12.12 445.33 Huron FOB 2.87 12.35 453.882.55 12.03 442.03 Kent FOB 2.80 12.28 451.302.39 11.87 436.15 Lambton FOB 2.85 12.33 453.142.65 12.13 445.70 Middlesex FOB2.89 2.89 N/A N/A 12.37 454.612.57 12.05 442.76 PROCESSORS Hamilton 3.20 3.20 3.12 N/A 12.68 466.002.90 12.38 454.89 N/A N/A N/A TRANSFER Prescott 2.77 12.25 450.202.89 12.37 454.52 Sarnia 2.52 12.00 441.022.76 12.24 449.74 Toledo El. -0.31 9.17 337.08-0.56 8.92 327.62 Exchange rate was 1.3419 down 0.0079 Chicago wheat closed slightly higher. JUL17 HI 4.33 JUL17 HI 4.33 LOW 4.27 1/2 LOW 4.27 1/2 CLOSE 4.32 1/2 Up 3 CLOSE 4.32 1/2 Up 3 Minni wheat closed moderately higher. JUL17 HI 5.61 3/4 SEP17 HI 5.67 1/2 LOW 5.53 3/4 LOW 5.59 3/4 CLOSE 5.61 Up 6 3/4 CLOSE 5.66 3/4 Up 6 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.54 0.54 0.54 0.24 CAD $/bu 4.86 4.86 4.86 5.85 CAD $/tonne 178.74 178.74 178.74 214.98 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 0.75 N/A N/A N/A 0.90 N/A London 0.84 0.77 0.77 N/A 1.04 0.91 0.87 N/A Hensall 0.85 N/A 0.75 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 0.85 0.50 0.75 0.30 1.05 0.85 0.90 0.65 Essex N/A N/A 0.54 N/A N/A N/A 0.63 N/A Norwich 0.85 N/A 0.75 N/A 1.05 N/A 0.90 N/A Port Hope N/A N/A 0.85 N/A N/A 0.90 1.00 N/A Kent Bridge 0.85 N/A 0.75 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 0.75 0.70 0.45 N/A 0.90 0.90 0.65 Varna 0.90 0.85 0.80 N/A 1.15 0.85 0.85 N/A Mitchell 0.85 0.75 0.75 N/A 1.05 0.90 0.90 N/A Thornton N/A N/A N/A 0.17 N/A N/A N/A N/A North Gower N/A 0.46 0.46 0.05 N/A 1.14 1.14 0.44 W O Feed 1.45 TERMINAL Sarnia 1.12 N/A 1.10 N/A 1.26 N/A 1.16 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 1.34N/A N/A N/A 1.41N/A Toledo El. 4.18US 5.60CA 4.18US 5.60CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.08 1.08 1.08 0.53 CAD $/bu 5.40 5.40 5.40 6.20 CAD $/tonne 198.46 198.46 198.46 227.68 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 451.29 DDG's FOB Srn & Aylm 175.00 - 180.00