FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, December 18

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, December 18 Exchange rate was 1.2863 down 0.0021 Chicago soybeans closed slightly lower. JAN18 HI 9.70 1/2 NOV18 HI 9.91 LOW 9.57 1/4 LOW 9.78 1/2 CLOSE9.61 1/2 Down 5 3/4 CLOSE 9.82 1/2 Down 5 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JAN1+MAR1+MAR18 CK Low 1.98 11.60 426.042.00 11.83 434.49 CK High 2.10 11.72 430.452.10 11.93 438.17 CK Average 2.03 -0.5611.65 427.882.03 -0.5711.86 435.72 Essex Cty 2.05 11.67 428.621.95 11.78 432.66 Mdsx Low 1.98 11.60 426.042.00 11.83 434.49 Mdsx High 2.05 11.67 428.622.10 11.93 438.17 Mdsx Average 2.02 -0.5711.63 427.332.05 -0.5611.88 436.33 Hensall 2.05 11.67 428.622.10 11.93 438.17 Bruce 2.05 11.67 428.622.05 11.88 436.33 Putnam 2.00 11.62 426.782.05 11.88 436.33 Burford 2.05 11.67 428.622.07 11.90 437.07 Port Perry 1.95 11.57 424.941.97 11.80 433.39 Norfolk 2.05 11.67 428.622.10 11.93 438.17 Palmerston 2.05 11.67 428.622.00 11.83 434.49 Varna 2.05 11.67 428.622.10 11.93 438.17 Trenton 1.90 11.52 423.101.90 11.73 430.82 Winchester 1.97 11.59 425.681.98 11.81 433.76 North Gower 1.91 11.53 423.471.92 11.75 431.55 Huron FOB 2.15 11.77 432.292.10 11.93 438.17 Kent FOB 2.10 11.72 430.452.05 11.88 436.33 Lambton FOB 2.05 11.67 428.622.20 12.03 441.84 Middlesex FOB2.08 2.15 2.16 2.23 11.70 429.722.17 12.00 440.74 TRANSFER Hamilton 2.42 12.04 442.21 N/A Prescott 2.16 11.78 432.662.34 12.17 446.99 Toledo El. -0.26 9.36 343.84-0.38 9.44 346.89 Exchange rate was 1.2863 down 0.0021 Chicago wheat closed slightly higher. MAR18 HI 4.23 1/2 JUL18 HI 4.48 1/2 LOW 4.19 1/2 LOW 4.45 1/2 CLOSE 4.20 1/2 Up 2 1/4 CLOSE 4.46 3/4 Up 2 3/4 Minni wheat closed slightly lower to steady. MAR18 HI 6.25 1/4 SEP18 HI 6.29 LOW 6.18 LOW 6.25 1/4 CLOSE 6.19 1/4 Down 3/4 CLOSE 6.26 1/4 Unchanged GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.62 0.88 0.75 0.42 CAD $/bu 4.83 5.09 4.96 6.61 CAD $/tonne 177.47 186.92 182.19 243.04 Direct MarkHarvest 2017 Harvest 2018 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 0.75 N/A London 0.87 1.20 0.87 N/A 0.94 0.88 0.75 N/A Hensall 0.90 N/A 0.80 N/A 1.00 N/A 0.75 N/A Trenton N/A N/A N/A N/A N/A N/A 0.85 N/A Bruce 0.90 0.80 0.80 0.10 1.00 0.75 0.75 0.30 Essex N/A N/A 0.65 N/A N/A N/A 0.70 N/A Norwich 0.90 N/A 0.80 N/A 1.00 N/A 0.75 N/A Port Hope N/A 1.00 0.80 N/A N/A 0.75 0.75 N/A Kent Bridge 0.90 N/A 0.80 N/A 1.00 N/A 0.75 N/A Chatham N/A N/A 0.80 N/A N/A N/A 0.75 N/A Brigden N/A N/A 0.80 N/A N/A N/A 0.75 N/A Palmerston N/A 0.80 0.80 0.25 N/A 0.75 0.80 0.35 Varna 1.10 0.80 0.80 N/A 0.95 0.75 0.75 N/A Mitchell 0.90 0.80 0.80 N/A 1.00 0.75 0.75 N/A Thornton N/A N/A N/A 0.13 N/A N/A N/A N/A North Gower N/A 0.60 0.60 0.30 N/A 0.94 0.84 0.20 W O Feed 1.45 PROCESSORS Toledo FM N/A N/A 1.33 N/A N/A N/A 1.13 N/A Toledo El. 3.96US 5.09CA 4.32US 5.53CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.87 0.87 0.81 0.35 CAD $/bu 5.34 5.34 5.27 6.61 CAD $/tonne 196.17 196.17 193.82 243.00 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 463.53 DDG's FOB Srn & Aylm 180.00 - 185.00