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

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, July 15 Exchange rate was 1.3503 down 0.0113 Chicago soybeans closed slightly higher. AUG20 HI 8.87 1/2 NOV20 HI 8.84 LOW 8.77 1/2 LOW 8.76 1/2 CLOSE8.86 1/4 Up 8 1/4 CLOSE 8.82 3/4 Up 5 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +AUG20+NOV20+NOV20 CK Low 2.70 11.56 424.85 2.55 11.38 418.05 CK High 2.80 11.66 428.52 2.65 11.48 421.73 CK Average 2.78 -0.24 11.64 427.85 2.61 -0.39 11.44 420.19 Essex Cty 2.80 11.66 428.52 2.60 11.43 419.89 Mdsx Low 2.77 11.63 427.42 2.53 11.36 417.32 Mdsx High 2.80 11.66 428.52 2.65 11.48 421.73 Mdsx Average2.79 -0.24 11.65 427.97 2.59 -0.41 11.42 419.52 Hensall 2.80 11.66 428.52 2.62 11.44 420.50 Bruce 2.80 11.66 428.52 2.60 11.43 419.89 Putnam 2.80 11.66 428.52 2.65 11.48 421.73 Burford 2.84 11.70 429.99 2.60 11.43 419.89 Port Perry 2.79 11.65 428.16 2.55 11.38 418.05 Norfolk 2.80 11.66 428.52 2.65 11.48 421.73 Palmerston 2.82 11.68 429.26 2.59 11.42 419.52 Varna 2.80 11.66 428.52 2.60 11.43 419.89 Trenton 2.80 11.66 428.52 2.60 11.43 419.89 Winchester 2.75 11.61 426.69 2.65 11.48 421.73 North Gower 2.75 11.61 426.69 2.67 11.50 422.46 Vankleek Hil N/A 2.91 11.74 431.28 Huron FOB 2.81 11.67 428.89 2.63 11.46 420.99 Kent FOB 2.90 11.76 432.20 2.60 11.43 419.89 Lambton FOB 2.85 11.71 430.36 2.75 11.58 425.40 Mdsx FOB 2.80 3.00 N/A N/A 11.66 428.52 2.72 11.55 424.30 PROCESSORS Windsor 3.06 11.92 438.08 2.82 11.65 427.97 TRANSFER Hamilton 3.30 12.16 446.90 3.10 11.93 438.26 Prescott N/A 2.99 11.82 434.22 Port Colborn3.14 12.00 441.02 3.13 11.96 439.36 Toledo El. 0.00 8.86 325.64 -0.34 8.49 311.90 Exchange rate was 1.3503 down 0.0113 Chicago wheat closed moderately to sharply higher. SEP20 HI 5.51 3/4 JUL21 HI 5.54 LOW 5.26 3/4 LOW 5.38 CLOSE 5.50 3/4 Up 24 CLOSE 5.53 Up 14 3/4 Minni wheat closed moderately higher. SEP20 HI 5.28 1/4 SEP21 HI 5.72 1/2 LOW 5.16 3/4 LOW 5.70 CLOSE 5.27 3/4 Up 9 CLOSE 5.72 1/4 Up 7 GFO Cash Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.66 1.93 1.66 1.24 CAD $/bu 7.17 7.44 7.17 6.52 CAD $/tonne 263.34 273.26 263.34 239.53 Direct MarkHarvest 2020 Harvest 2021 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 1.20 N/A N/A N/A 1.20 N/A London 1.34 1.61 1.14 N/A 1.58 1.64 1.17 N/A Hensall 1.35 N/A 1.20 N/A 1.30 N/A 1.15 N/A Trenton N/A N/A 1.20 N/A N/A N/A 1.20 N/A Bruce 1.30 1.60 1.20 0.95 1.25 1.55 1.15 N/A Essex N/A N/A 1.20 N/A N/A N/A 1.20 N/A Norwich 1.35 N/A 1.20 N/A 1.30 N/A 1.15 N/A Port Hope N/A N/A 1.20 N/A N/A N/A 1.20 N/A Kent Bridge 1.35 N/A 1.20 N/A 1.30 N/A 1.15 N/A Chatham N/A N/A 1.20 N/A N/A N/A 1.20 N/A Brigden N/A N/A 1.20 N/A N/A N/A 1.20 N/A Palmerston N/A 1.66 1.19 1.18 N/A 1.83 1.35 0.91 Varna 1.45 1.60 1.20 N/A 1.40 1.55 1.15 N/A Mitchell 1.35 1.55 1.20 N/A 1.30 1.50 1.15 N/A Thornton N/A N/A N/A 1.37 N/A N/A N/A N/A North Gower N/A 1.55 1.38 1.12 N/A 1.63 1.37 1.00 W O Feed 1.94 TERMINAL Port Colbor N/A N/A 1.61 N/A N/A N/A 1.57 N/A PROCESSORS Toledo FM N/A N/A 2.20 N/A N/A N/A N/A N/A Toledo El. 5.61US 7.57CA 5.48US 7.43CA GFO Contract Wheat Prices - DEL Terminal Harvest 21 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.70 1.83 1.63 1.22 CAD $/bu 7.23 7.36 7.16 6.95 CAD $/tonne 265.55 270.53 263.06 255.21 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 475.77 DDG's FOB Srn & Aylm 185.00 - 195.00