FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, July 16

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, July 16 Exchange rate was 1.3562 up 0.0059 Chicago soybeans closed slightly higher. AUG20 HI 8.96 NOV20 HI 8.93 1/2 LOW 8.86 3/4 LOW 8.83 CLOSE8.93 1/2 Up 7 1/4 CLOSE 8.91 Up 8 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 11.64 427.51 2.59 11.50 422.55 CK High 2.80 11.74 431.19 2.65 11.56 424.76 CK Average 2.78 -0.29 11.72 430.58 2.62 -0.41 11.53 423.47 Essex Cty 2.80 11.74 431.19 2.60 11.51 422.92 Mdsx Low 2.78 11.72 430.45 2.57 11.48 421.82 Mdsx High 2.80 11.74 431.19 2.65 11.56 424.76 Mdsx Average2.79 -0.29 11.73 430.82 2.61 -0.41 11.52 423.29 Hensall 2.80 11.74 431.19 2.62 11.53 423.53 Bruce 2.80 11.74 431.19 2.60 11.51 422.92 Putnam 2.80 11.74 431.19 2.65 11.56 424.76 Burford 2.85 11.79 433.02 2.64 11.55 424.39 Port Perry 2.80 11.74 431.19 2.59 11.50 422.55 Norfolk 2.80 11.74 431.19 2.65 11.56 424.76 Palmerston 2.88 11.82 434.13 2.66 11.57 425.12 Varna 2.80 11.74 431.19 2.60 11.51 422.92 Trenton N/A 2.60 11.51 422.92 Winchester 2.75 11.69 429.35 2.65 11.56 424.76 North Gower 2.75 11.69 429.35 2.67 11.58 425.49 Vankleek Hil N/A 2.91 11.82 434.31 Huron FOB 2.81 11.75 431.55 2.63 11.54 424.02 Kent FOB 2.90 11.84 434.86 2.60 11.51 422.92 Lambton FOB 2.85 11.79 433.02 2.75 11.66 428.43 Mdsx FOB 2.80 3.01 N/A N/A 11.74 431.19 2.71 11.62 426.96 PROCESSORS Windsor 3.15 12.09 444.05 2.90 11.81 433.94 TRANSFER Hamilton 3.30 12.24 449.56 3.10 12.01 441.29 Prescott N/A 2.99 11.90 437.25 Port Colborn3.15 12.09 444.05 3.12 12.03 442.03 Toledo El. 0.00 8.94 328.31 -0.34 8.57 314.93 Exchange rate was 1.3562 up 0.0059 Chicago wheat closed moderately lower to lower. SEP20 HI 5.51 1/2 JUL21 HI 5.54 3/4 LOW 5.34 LOW 5.43 CLOSE 5.35 1/4 Down 15 1/2 CLOSE 5.44 1/2 Down 8 1/2 Minni wheat closed moderately lower to lower. SEP20 HI 5.27 1/2 SEP21 HI 5.65 1/4 LOW 5.14 3/4 LOW 5.64 CLOSE 5.15 1/4 Down 12 1/2 CLOSE 5.64 1/2 Down 7 3/4 GFO Cash Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.64 1.91 1.64 1.23 CAD $/bu 6.99 7.26 6.99 6.38 CAD $/tonne 256.76 266.73 256.76 234.34 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 1.15 N/A London 1.38 1.65 1.18 N/A 1.60 1.66 1.19 N/A Hensall 1.45 N/A 1.20 N/A 1.40 N/A 1.15 N/A Trenton N/A N/A 1.15 N/A N/A N/A 1.15 N/A Bruce 1.30 1.60 1.20 0.95 1.25 1.55 1.15 N/A Essex N/A N/A 1.15 N/A N/A N/A 1.15 N/A Norwich 1.45 N/A 1.20 N/A 1.40 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 1.45 N/A 1.20 N/A 1.40 N/A 1.15 N/A Chatham N/A N/A 1.15 N/A N/A N/A 1.15 N/A Brigden N/A N/A 1.15 N/A N/A N/A 1.15 N/A Palmerston N/A 1.64 1.20 1.16 N/A 1.74 1.26 0.85 Varna 1.45 1.60 1.20 N/A 1.40 1.55 1.15 N/A Mitchell 1.45 1.55 1.20 N/A 1.40 1.50 1.15 N/A Thornton N/A N/A N/A 1.38 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 1.92 TERMINAL Port Colbor N/A N/A 1.65 N/A N/A N/A 1.59 N/A PROCESSORS Toledo FM N/A N/A 2.04 N/A N/A N/A N/A N/A Toledo El. 5.45US 7.39CA 5.40US 7.31CA GFO Contract Wheat Prices - DEL Terminal Harvest 21 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.66 1.80 1.60 1.19 CAD $/bu 7.11 7.25 7.04 6.84 CAD $/tonne 261.25 266.23 258.76 251.28 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 476.98 DDG's FOB Srn & Aylm 185.00 - 195.00