FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, May 23

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, May 23 Exchange rate was 1.3475 up 0.0057 Chicago soybeans closed slightly lower. JUL19 HI 8.34 NOV19 HI 8.60 1/2 LOW 8.17 LOW 8.43 3/4 CLOSE8.21 1/2 Down 7 CLOSE 8.48 1/4 Down 7 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG19 CK Low 2.00 10.22 375.341.95 10.43 383.33 CK High 2.05 10.27 377.172.05 10.53 387.00 CK Average 2.02 -0.6210.23 375.952.00 -0.7110.48 384.98 Essex Cty 2.00 10.22 375.341.95 10.43 383.33 Mdsx Low 1.95 10.17 373.501.92 10.40 382.23 Mdsx High 2.00 10.22 375.341.95 10.43 383.33 Mdsx Average 1.98 -0.6510.19 374.421.94 -0.7510.42 382.78 Hensall 2.00 10.22 375.341.93 10.41 382.41 Bruce 2.00 10.22 375.341.90 10.38 381.49 Putnam 2.00 10.22 375.341.95 10.43 383.33 Burford 2.00 10.22 375.341.97 10.45 384.06 Port Perry 1.97 10.19 374.231.94 10.42 382.96 Norfolk 2.00 10.22 375.341.95 10.43 383.33 Palmerston 1.90 10.12 371.661.85 10.33 379.65 Varna 2.00 10.22 375.341.90 10.38 381.49 Trenton 2.00 10.22 375.342.00 10.48 385.17 Winchester N/A 2.09 10.57 388.47 North Gower 1.99 10.21 374.971.99 10.47 384.80 Huron FOB 2.10 10.32 379.012.00 10.48 385.17 Kent FOB 2.25 10.47 384.521.95 10.43 383.33 Lambton FOB 2.20 10.42 382.692.10 10.58 388.84 Middlesex FOB2.14 2.20 2.27 N/A 10.36 380.481.98 10.46 384.43 PROCESSORS Windsor 2.59 10.81 397.022.28 10.76 395.45 TRANSFER Hamilton 2.55 10.77 395.552.40 10.88 399.86 Prescott N/A 2.25 10.73 394.35 Port Colborne N/A 2.35 10.83 398.03 Toledo El. -0.61 7.61 279.57-0.74 7.74 284.45 Exchange rate was 1.3475 up 0.0057 Chicago wheat closed narrowly mixed. JUL19 HI 4.85 1/2 JUL19 HI 4.85 1/2 LOW 4.66 1/4 LOW 4.66 1/4 CLOSE 4.70 1/4 Down 2 1/2 CLOSE 4.70 1/4 Down 2 1/2 Minni wheat closed moderately lower. JUL19 HI 5.49 1/2 SEP19 HI 5.57 LOW 5.32 LOW 5.40 1/2 CLOSE 5.34 1/4 Down 9 1/2 CLOSE 5.42 1/4 Down 9 3/4 GFO Cash Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.63 1.70 1.50 0.91 CAD $/bu 6.34 6.40 6.20 6.26 CAD $/tonne 232.84 235.31 227.88 229.86 Direct MarkHarvest 2018 Harvest 2019 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 1.40 N/A N/A N/A 1.40 N/A London 1.46 1.86 1.39 N/A 1.52 1.85 1.45 N/A Hensall 1.60 N/A 1.40 N/A 1.60 N/A 1.35 N/A Trenton N/A N/A N/A N/A N/A N/A 1.30 N/A Bruce 1.60 1.80 1.35 N/A 1.60 1.75 1.35 1.10 Essex N/A N/A 1.40 N/A N/A N/A 1.40 N/A Norwich 1.60 N/A 1.40 N/A 1.60 N/A 1.35 N/A Port Hope N/A N/A N/A N/A N/A 1.75 1.40 N/A Kent Bridge 1.60 N/A 1.40 N/A 1.60 N/A 1.35 N/A Chatham N/A N/A 1.40 N/A N/A N/A 1.40 N/A Brigden N/A N/A 1.40 N/A N/A N/A 1.40 N/A Palmerston N/A 1.85 1.45 1.10 N/A 1.83 1.43 1.00 Varna 1.60 1.80 1.40 N/A 1.55 1.75 1.35 N/A Mitchell 1.60 1.80 1.40 N/A 1.60 1.75 1.35 N/A Thornton N/A N/A N/A 1.38 N/A N/A N/A N/A North Gower N/A 1.42 1.20 0.70 N/A 1.83 1.38 0.85 W O Feed 1.98 TERMINAL Port Colbor N/A N/A N/A N/A 1.86 2.20 1.73 N/A PROCESSORS Toledo FM N/A N/A 1.63 N/A N/A N/A 1.63 N/A Toledo El. 4.60US 6.20CA 4.60US 6.20CA GFO Contract Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.70 2.04 1.57 1.14 CAD $/bu 6.40 6.74 6.27 6.57 CAD $/tonne 235.31 247.69 230.36 241.25 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 468.71 DDG's FOB Srn & Aylm 205.00