FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, October 16

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, October 16 Exchange rate was 1.3182 down 0.0044 Chicago soybeans closed mixed. NOV20 HI 10.70 3/4 NOV21 HI 9.78 3/4 LOW 10.48 3/4 LOW 9.70 CLOSE10.50 Down 12 1/4 CLOSE 9.70 1/4 Down 3 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +NOV20+JAN21+JAN21 CK Low 2.75 13.25 486.85 2.45 12.15 446.53 CK High 2.90 13.40 492.37 2.50 12.20 448.37 CK Average 2.85 -0.37 13.35 490.47 2.48 -0.45 12.19 447.75 Essex Cty 2.70 13.20 485.02 2.45 12.15 446.53 Mdsx Low 2.85 13.35 490.53 2.46 12.16 446.90 Mdsx High 2.90 13.40 492.37 2.50 12.20 448.37 Mdsx Average2.88 -0.35 13.38 491.45 2.48 -0.45 12.18 447.63 Hensall 2.93 13.43 493.59 2.50 12.20 448.37 Bruce 2.90 13.40 492.37 2.50 12.20 448.37 Putnam 2.90 13.40 492.37 2.50 12.20 448.37 Burford 2.92 13.42 493.10 2.53 12.23 449.47 Port Perry 2.84 13.34 490.16 2.45 12.15 446.53 Norfolk 2.80 13.30 488.69 2.45 12.15 446.53 Palmerston 2.75 13.25 486.85 2.48 12.18 447.63 Varna 2.95 13.45 494.20 2.50 12.20 448.37 Trenton 2.80 13.30 488.69 2.45 12.15 446.53 Winchester 3.00 13.50 496.04 2.63 12.33 453.14 North Gower 2.88 13.38 491.63 2.54 12.24 449.83 Vankleek Hil2.90 13.40 492.37 2.43 12.13 445.79 Huron FOB 3.11 3.24 3.24 2.98 13.61 500.08 N/A Kent FOB 2.80 13.30 488.69 2.50 12.20 448.37 Lambton FOB 2.95 13.45 494.20 2.50 12.20 448.37 Mdsx FOB 3.01 3.21 3.14 3.01 13.51 496.41 2.58 12.28 451.30 PROCESSORS Windsor 3.01 13.51 496.41 2.60 12.30 452.04 TRANSFER Hamilton 3.35 13.85 508.90 2.90 12.60 463.06 Prescott 3.20 13.70 503.39 2.80 12.50 459.39 Port Colborn3.49 13.99 514.04 N/A Toledo El. -0.24 10.26 377.09 -0.46 9.24 339.57 Exchange rate was 1.3182 down 0.0044 Chicago wheat closed slightly to moderately higher. DEC20 HI 6.30 3/4 JUL21 HI 6.12 LOW 6.15 1/2 LOW 6.01 1/2 CLOSE 6.25 1/4 Up 7 CLOSE 6.09 Up 2 1/4 Minni wheat closed mixed. DEC20 HI 5.66 SEP21 HI 5.93 LOW 5.57 LOW 5.82 1/4 CLOSE 5.59 3/4 Up 1 CLOSE 5.85 1/4 Down 4 3/4 GFO Cash Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.53 1.73 1.53 1.32 CAD $/bu 7.78 7.98 7.78 6.92 CAD $/tonne 285.89 293.16 285.89 254.17 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 1.10 N/A N/A N/A 1.15 N/A London 1.34 1.41 1.15 N/A 1.62 1.62 1.19 N/A Hensall 1.35 N/A 1.10 N/A 1.40 N/A 1.15 N/A Trenton N/A N/A N/A N/A N/A N/A 1.20 N/A Bruce 1.10 1.25 1.10 1.25 1.25 1.35 1.15 1.05 Essex N/A N/A 1.10 N/A N/A N/A 1.15 N/A Norwich 1.35 N/A 1.10 N/A 1.40 N/A 1.15 N/A Port Hope N/A N/A 1.10 N/A N/A N/A 1.15 N/A Kent Bridge 1.35 N/A 1.10 N/A 1.40 N/A 1.15 N/A Chatham N/A N/A 1.10 N/A N/A N/A 1.15 N/A Brigden N/A N/A 1.10 N/A N/A N/A 1.20 N/A Palmerston N/A 1.65 1.25 1.19 N/A 1.55 1.22 0.93 Varna 1.15 1.30 1.10 N/A 1.35 1.40 1.15 N/A Mitchell 1.35 1.40 1.10 N/A 1.40 1.45 1.15 N/A Thornton N/A N/A N/A 1.88 N/A N/A N/A N/A North Gower N/A 1.35 1.20 0.95 N/A 1.67 1.41 0.90 W O Feed 1.75 TERMINAL Port Colbor N/A N/A 1.74 N/A N/A N/A 1.59 N/A PROCESSORS Toledo FM N/A N/A 1.99 N/A N/A N/A 2.06 N/A Toledo El. 6.15US 8.11CA 6.04US 7.95CA GFO Contract Wheat Prices - DEL Terminal Harvest 21 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.72 1.85 1.55 1.06 CAD $/bu 7.81 7.94 7.64 6.92 CAD $/tonne 286.92 291.76 280.63 254.14 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 570.46 DDG's FOB Srn & Aylm 250.00 - 265.00