FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, May 13

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, May 13 Exchange rate was 1.4104 up 0.0054 Chicago soybeans closed slightly to moderately lower. JUL20 HI 8.54 NOV20 HI 8.58 1/2 LOW 8.36 1/2 LOW 8.43 CLOSE8.39 1/2 Down 12 1/2 CLOSE 8.45 1/2 Down 11 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL2+JUL2+SEP20 CK Low 2.90 11.30 415.022.70 11.16 409.88 CK High 2.99 11.39 418.332.80 11.26 413.55 CK Average 2.95 -0.3511.34 416.802.78 -0.4811.24 412.82 Essex Cty 2.95 11.35 416.862.75 11.21 411.71 Mdsx Low 2.95 11.35 416.862.76 11.22 412.08 Mdsx High 2.97 11.37 417.592.80 11.26 413.55 Mdsx Average 2.96 -0.3411.36 417.222.78 -0.4811.24 412.82 Hensall 2.93 11.32 415.942.78 11.23 412.63 Bruce 2.95 11.35 416.862.80 11.26 413.55 Putnam 2.95 11.35 416.862.80 11.26 413.55 Burford 3.04 11.44 420.162.83 11.29 414.65 Port Perry 2.99 11.39 418.332.78 11.24 412.82 Norfolk 2.95 11.35 416.862.80 11.26 413.55 Palmerston 2.88 11.28 414.292.83 11.29 414.65 Varna 2.95 11.35 416.862.80 11.26 413.55 Trenton 2.95 11.35 416.862.80 11.26 413.55 Winchester 2.90 11.30 415.022.70 11.16 409.88 North Gower 2.82 11.22 412.082.75 11.21 411.71 Vankleek Hill N/A 2.74 11.20 411.35 Huron FOB 3.10 11.50 422.372.90 11.36 417.22 Kent FOB 3.15 11.55 424.212.80 11.26 413.55 Lambton FOB 3.15 11.55 424.212.80 11.26 413.55 Middlesex FOB3.16 3.16 N/A N/A 11.56 424.572.88 11.34 416.49 PROCESSORS Windsor 3.44 11.84 434.863.04 11.50 422.37 TRANSFER Hamilton 3.55 11.95 438.903.25 11.71 430.09 Prescott N/A 3.16 11.62 426.78 Port Colborne3.57 11.97 439.643.22 11.68 428.98 Toledo El. -0.14 8.25 303.28-0.42 8.03 295.14 Exchange rate was 1.4104 up 0.0054 Chicago wheat closed moderately lower to lower. JUL20 HI 5.14 1/4 SEP20 HI 5.17 LOW 5.00 1/4 LOW 5.04 1/4 CLOSE 5.01 3/4 Down 12 3/4 CLOSE 5.05 1/4 Down 12 1/4 Minni wheat closed moderately lower to lower. JUL20 HI 5.20 3/4 SEP20 HI 5.30 1/4 LOW 5.07 1/4 LOW 5.18 3/4 CLOSE 5.08 1/4 Down 12 3/4 CLOSE 5.19 3/4 Down 11 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 2.20 2.41 2.20 1.45 CAD $/bu 7.22 7.43 7.22 6.53 CAD $/tonne 265.21 272.99 265.21 240.08 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 1.37 N/A London 2.05 2.33 1.84 N/A 1.60 1.81 1.32 N/A Hensall 1.85 N/A 1.85 N/A 1.52 N/A 1.37 N/A Trenton N/A N/A N/A N/A N/A N/A 1.47 N/A Bruce 1.80 2.30 1.85 1.95 1.42 1.77 1.37 1.35 Essex N/A N/A 1.80 N/A N/A N/A 1.32 N/A Norwich 1.85 N/A 1.85 N/A 1.52 N/A 1.37 N/A Port Hope N/A N/A 1.85 N/A N/A N/A 1.42 N/A Kent Bridge 1.85 N/A 1.85 N/A 1.52 N/A 1.37 N/A Chatham N/A N/A N/A N/A N/A N/A 1.37 N/A Brigden N/A N/A N/A N/A N/A N/A 1.37 N/A Palmerston N/A 2.27 1.70 1.87 N/A 1.86 1.36 1.36 Varna 2.05 2.25 1.85 N/A 1.47 1.77 1.37 N/A Mitchell 1.85 2.00 1.85 N/A 1.52 1.72 1.37 N/A Thornton N/A N/A N/A 1.79 N/A N/A N/A N/A North Gower N/A 2.10 1.90 1.05 N/A 1.90 1.50 1.10 W O Feed 2.36 TERMINAL Port Colbor N/A N/A 2.18 N/A N/A N/A 1.66 N/A PROCESSORS Toledo FM N/A N/A 2.06 N/A N/A N/A 2.02 N/A Toledo El. 5.02US 7.08CA 5.02US 7.08CA GFO Contract Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.71 2.07 1.71 1.28 CAD $/bu 6.77 7.12 6.77 6.48 CAD $/tonne 248.64 261.59 248.64 238.03 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 503.32 DDG's FOB Srn & Aylm -