FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, January 17

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, January 17 Exchange rate was 1.3067 up 0.0018 Chicago soybeans closed slightly higher. MAR20 HI 9.33 1/2 NOV20 HI 9.64 LOW 9.20 LOW 9.53 1/2 CLOSE9.29 3/4 Up 5 3/4 CLOSE 9.60 1/2 Up 4 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAR2+MAR2+MAY20 CK Low 2.25 11.55 424.302.14 11.75 431.55 CK High 2.30 11.60 426.142.20 11.81 433.76 CK Average 2.27 -0.4511.57 424.972.17 -0.5911.77 432.47 Essex Cty 2.25 11.55 424.302.15 11.76 431.92 Mdsx Low 2.25 11.55 424.302.12 11.73 430.82 Mdsx High 2.27 11.57 425.032.15 11.76 431.92 Mdsx Average 2.26 -0.4511.56 424.672.14 -0.6211.74 431.37 Hensall 2.25 11.55 424.302.15 11.76 431.92 Bruce 2.25 11.55 424.302.15 11.76 431.92 Putnam 2.25 11.55 424.302.15 11.76 431.92 Burford 2.34 11.64 427.602.19 11.80 433.39 Port Perry 2.26 11.56 424.672.11 11.72 430.45 Norfolk 2.25 11.55 424.302.15 11.76 431.92 Palmerston 2.33 11.63 427.242.15 11.76 431.92 Varna 2.25 11.55 424.302.15 11.76 431.92 Trenton 2.30 11.60 426.142.20 11.81 433.76 Winchester 2.25 11.55 424.302.28 11.89 436.70 North Gower 2.12 11.42 419.522.22 11.83 434.49 Huron FOB 2.40 11.70 429.812.25 11.86 435.60 Kent FOB 2.50 11.80 433.482.15 11.76 431.92 Lambton FOB 2.45 11.75 431.652.30 11.91 437.43 Middlesex FOB2.42 2.42 N/A N/A 11.72 430.542.23 11.84 434.86 PROCESSORS Windsor 2.79 12.09 444.142.49 12.10 444.42 TRANSFER Hamilton 2.80 12.10 444.512.60 12.21 448.46 Prescott N/A 2.45 12.06 442.95 Port Colborne2.63 11.93 438.262.64 12.25 449.93 Toledo El. -0.07 9.23 339.22-0.46 9.15 336.12 Exchange rate was 1.3067 up 0.0018 Chicago wheat closed slightly higher. MAR20 HI 5.72 1/2 JUL20 HI 5.73 1/4 LOW 5.64 1/4 LOW 5.66 1/4 CLOSE 5.70 1/2 Up 5 1/4 CLOSE 5.70 1/2 Up 3 3/4 Minni wheat closed moderately higher. MAR20 HI 5.61 1/2 SEP20 HI 5.83 1/2 LOW 5.48 3/4 LOW 5.74 1/2 CLOSE 5.60 Up 9 3/4 CLOSE 5.83 Up 8 GFO Cash Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 2.14 2.34 2.01 1.33 CAD $/bu 7.85 8.04 7.72 6.93 CAD $/tonne 288.31 295.51 283.51 254.46 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 1.85 2.24 1.85 N/A 1.40 1.66 1.20 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 2.20 1.90 1.70 1.40 1.60 1.20 1.10 Essex N/A N/A 1.80 N/A N/A N/A 1.20 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 1.80 N/A N/A N/A 1.20 N/A Brigden N/A N/A 1.80 N/A N/A N/A 1.20 N/A Palmerston N/A N/A 1.82 1.78 N/A N/A 1.29 1.13 Varna 1.90 2.20 1.80 N/A 1.40 1.60 1.20 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 1.91 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 2.43 TERMINAL Port Colbor N/A N/A 2.18 N/A N/A N/A 1.60 N/A PROCESSORS Toledo FM N/A N/A 2.14 N/A N/A N/A 1.88 N/A Toledo El. 5.86US 7.65CA 5.81US 7.58CA 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 1.00 CAD $/bu 7.26 7.52 7.19 6.83 CAD $/tonne 266.62 276.22 264.22 251.02 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 440.49 DDG's FOB Srn & Aylm 215.00 - 220.00