FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, May 15

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, May 15 Exchange rate was 1.4113 up 0.0033 Chicago soybeans closed slightly higher. JUL20 HI 8.43 NOV20 HI 8.50 1/4 LOW 8.36 1/2 LOW 8.43 3/4 CLOSE8.38 1/2 Up 1 1/2 CLOSE 8.45 1/2 Up 1 3/4 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 11.29 414.652.70 11.16 409.88 CK High 3.00 11.39 418.332.80 11.26 413.55 CK Average 2.97 -0.3411.35 417.042.78 -0.4911.24 412.94 Essex Cty 3.00 11.39 418.332.75 11.21 411.71 Mdsx Low 2.95 11.34 416.492.78 11.24 412.82 Mdsx High 2.97 11.36 417.222.80 11.26 413.55 Mdsx Average 2.96 -0.3511.35 416.862.79 -0.4811.25 413.18 Hensall 2.98 11.36 417.412.80 11.26 413.55 Bruce 2.95 11.34 416.492.80 11.26 413.55 Putnam 2.95 11.34 416.492.80 11.26 413.55 Burford 3.04 11.43 419.802.85 11.31 415.39 Port Perry 2.99 11.38 417.962.80 11.26 413.55 Norfolk 3.00 11.39 418.332.80 11.26 413.55 Palmerston 2.96 11.35 416.862.83 11.29 414.65 Varna 2.95 11.34 416.492.80 11.26 413.55 Trenton 2.95 11.34 416.492.80 11.26 413.55 Winchester 2.90 11.29 414.652.70 11.16 409.88 North Gower 2.85 11.24 412.822.71 11.17 410.24 Vankleek Hill N/A 2.74 11.20 411.35 Huron FOB 3.15 11.54 423.842.90 11.36 417.22 Kent FOB 3.20 11.59 425.682.80 11.26 413.55 Lambton FOB 3.20 11.59 425.682.80 11.26 413.55 Middlesex FOB3.17 3.17 N/A N/A 11.56 424.572.91 11.37 417.59 PROCESSORS Windsor 3.45 11.84 434.863.05 11.51 422.74 TRANSFER Hamilton 3.55 11.94 438.543.25 11.71 430.09 Prescott N/A 3.16 11.62 426.78 Port Colborne3.57 11.96 439.273.24 11.70 429.72 Toledo El. -0.14 8.24 302.91-0.42 8.03 295.12 Exchange rate was 1.4113 up 0.0033 Chicago wheat closed slightly lower. JUL20 HI 5.08 SEP20 HI 5.10 1/4 LOW 4.97 1/2 LOW 5.00 1/2 CLOSE 5.00 1/4 Down 2 CLOSE 5.03 Down 2 1/4 Minni wheat closed slightly lower. JUL20 HI 5.12 1/2 SEP20 HI 5.24 LOW 5.06 LOW 5.17 1/2 CLOSE 5.06 1/4 Down 1 3/4 CLOSE 5.18 Down 1 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 7.20 7.41 7.20 6.51 CAD $/tonne 264.60 272.38 264.60 239.19 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 2.06 2.34 1.85 N/A 1.61 1.82 1.33 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 1.71 1.87 N/A 1.86 1.37 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 1.85 1.50 1.10 W O Feed 2.36 TERMINAL Port Colbor N/A N/A 2.19 N/A N/A N/A 1.67 N/A PROCESSORS Toledo FM N/A N/A 2.06 N/A N/A N/A 2.02 N/A Toledo El. 5.00US 7.06CA 5.00US 7.05CA GFO Contract Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.71 2.06 1.71 1.28 CAD $/bu 6.74 7.09 6.74 6.46 CAD $/tonne 247.70 260.66 247.70 237.34 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 499.91 DDG's FOB Srn & Aylm -