FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, January 15

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, January 15 Exchange rate was 1.3043 down 0.0012 Chicago soybeans closed slightly to moderately lower. MAR20 HI 9.43 1/4 NOV20 HI 9.70 1/4 LOW 9.28 1/4 LOW 9.58 CLOSE9.28 3/4 Down 13 1/2 CLOSE 9.58 3/4 Down 10 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAR2+MAR2+MAY20 CK Low 2.28 11.57 425.032.19 11.78 432.75 CK High 2.30 11.59 425.772.20 11.79 433.12 CK Average 2.30 -0.4111.58 425.652.20 -0.5511.79 433.06 Essex Cty 2.30 11.59 425.772.20 11.79 433.12 Mdsx Low 2.29 11.58 425.402.17 11.76 432.01 Mdsx High 2.30 11.59 425.772.20 11.79 433.12 Mdsx Average 2.30 -0.4111.58 425.582.19 -0.5611.77 432.57 Hensall 2.30 11.59 425.772.20 11.79 433.12 Bruce 2.30 11.59 425.772.20 11.79 433.12 Putnam 2.30 11.59 425.772.20 11.79 433.12 Burford 2.36 11.65 427.972.24 11.83 434.59 Port Perry 2.28 11.57 425.032.16 11.75 431.65 Norfolk 2.30 11.59 425.772.20 11.79 433.12 Palmerston 2.30 11.59 425.772.13 11.72 430.54 Varna 2.30 11.59 425.772.20 11.79 433.12 Trenton 2.30 11.59 425.772.20 11.79 433.12 Winchester 2.20 11.49 422.092.25 11.84 434.95 North Gower 2.12 11.41 419.152.22 11.81 433.85 Huron FOB 2.45 11.74 431.282.30 11.89 436.79 Kent FOB 2.55 11.84 434.952.20 11.79 433.12 Lambton FOB 2.40 11.69 429.442.35 11.94 438.63 Middlesex FOB2.48 2.48 N/A N/A 11.77 432.382.30 11.89 436.79 PROCESSORS Windsor 2.76 12.05 442.672.46 12.05 442.67 TRANSFER Hamilton 2.85 12.14 445.982.65 12.24 449.65 Prescott N/A 2.45 12.04 442.30 Port Colborne2.69 11.98 440.102.71 12.30 451.86 Toledo El. -0.07 9.22 338.86-0.46 9.13 335.51 Exchange rate was 1.3043 down 0.0012 Chicago wheat closed mixed. MAR20 HI 5.78 3/4 JUL20 HI 5.79 1/2 LOW 5.68 1/4 LOW 5.71 1/2 CLOSE 5.73 1/4 Up 4 3/4 CLOSE 5.74 3/4 Up 3 Minni wheat closed slightly higher. MAR20 HI 5.63 SEP20 HI 5.85 LOW 5.52 LOW 5.75 1/4 CLOSE 5.56 1/4 Up 1/4 CLOSE 5.79 1/4 Up 1/4 GFO Cash Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 2.14 2.33 2.01 1.30 CAD $/bu 7.87 8.06 7.74 6.86 CAD $/tonne 289.10 296.29 284.31 252.20 Direct MarkHarvest 2019 Harvest 2020 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 N/A N/A N/A N/A 1.25 N/A London 1.88 2.27 1.88 N/A 1.43 1.69 1.23 N/A Hensall 1.80 N/A 1.80 N/A 1.40 N/A 1.25 N/A Trenton N/A N/A N/A N/A N/A N/A 1.30 N/A Bruce 1.90 2.25 1.90 1.75 1.45 1.65 1.25 1.15 Essex N/A N/A 1.85 N/A N/A N/A 1.25 N/A Norwich 1.80 N/A 1.80 N/A 1.40 N/A 1.25 N/A Port Hope N/A N/A 1.75 N/A N/A N/A 1.30 N/A Kent Bridge 1.80 N/A 1.80 N/A 1.40 N/A 1.25 N/A Chatham N/A N/A 1.85 N/A N/A N/A 1.25 N/A Brigden N/A N/A 1.85 N/A N/A N/A 1.25 N/A Palmerston N/A N/A 1.81 1.76 N/A N/A 1.29 1.11 Varna 1.95 2.25 1.85 N/A 1.45 1.65 1.25 N/A Mitchell 1.80 2.15 1.80 N/A 1.40 1.60 1.25 N/A Thornton N/A N/A N/A 1.99 N/A N/A N/A N/A North Gower N/A 1.70 1.70 0.90 N/A 1.65 1.40 0.87 W O Feed 2.40 TERMINAL Port Colbor N/A N/A 2.21 N/A N/A N/A 1.63 N/A PROCESSORS Toledo FM N/A N/A 2.14 N/A N/A N/A 1.88 N/A Toledo El. 5.88US 7.67CA 5.85US 7.63CA GFO Contract Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.55 1.81 1.49 0.98 CAD $/bu 7.30 7.56 7.23 6.77 CAD $/tonne 268.22 277.81 265.83 248.82 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 450.96 DDG's FOB Srn & Aylm 215.00 - 220.00