FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, December 22

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, December 22 Exchange rate was 1.2705 up 0.0000 Chicago soybeans closed slightly higher. JAN18 HI 9.52 NOV18 HI 9.75 1/2 LOW 9.46 1/2 LOW 9.70 CLOSE9.49 1/2 Up 3/4 CLOSE 9.73 Up 1 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JAN1+MAR1+MAR18 CK Low 1.87 11.37 417.591.87 11.60 426.23 CK High 2.10 11.60 426.042.00 11.73 431.00 CK Average 1.95 -0.4911.44 420.351.93 -0.5511.66 428.37 Essex Cty 2.05 11.55 424.211.95 11.68 429.17 Mdsx Low 1.87 11.37 417.591.87 11.60 426.23 Mdsx High 1.95 11.45 420.532.00 11.73 431.00 Mdsx Average 1.91 -0.5211.41 419.061.94 -0.5411.67 428.62 Hensall 1.95 11.45 420.532.00 11.73 431.00 Bruce 1.95 11.45 420.531.95 11.68 429.17 Putnam 2.00 11.50 422.372.05 11.78 432.84 Burford 1.94 11.44 420.161.94 11.67 428.80 Port Perry 1.84 11.34 416.491.84 11.57 425.12 Norfolk 1.95 11.45 420.531.95 11.68 429.17 Palmerston 2.05 11.55 424.212.00 11.73 431.00 Varna 1.95 11.45 420.532.00 11.73 431.00 Trenton 1.90 11.40 418.691.95 11.68 429.17 Winchester 1.90 11.40 418.691.90 11.63 427.33 North Gower 1.98 11.48 421.631.92 11.65 428.06 Huron FOB 2.05 11.55 424.212.10 11.83 434.68 Kent FOB 2.00 11.50 422.371.90 11.63 427.33 Lambton FOB 2.00 11.50 422.372.05 11.78 432.84 Middlesex FOB1.98 2.05 2.00 2.07 11.48 421.632.02 11.75 431.74 TRANSFER Hamilton 2.27 11.77 432.29 N/A Prescott 2.16 11.66 428.252.34 12.07 443.50 Toledo El. -0.25 9.24 339.55-0.38 9.35 343.52 Exchange rate was 1.2705 up 0.0000 Chicago wheat closed slightly lower. MAR18 HI 4.29 JUL18 HI 4.53 1/2 LOW 4.24 1/4 LOW 4.48 3/4 CLOSE 4.24 3/4 Down 2 1/4 CLOSE 4.50 Down 1 3/4 Minni wheat closed slightly to moderately lower. MAR18 HI 6.22 1/4 SEP18 HI 6.29 LOW 6.11 LOW 6.21 3/4 CLOSE 6.11 3/4 Down 5 1/4 CLOSE 6.22 Down 4 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.83 0.96 0.83 0.32 CAD $/bu 5.08 5.21 5.08 6.44 CAD $/tonne 186.61 191.28 186.61 236.56 Direct MarkHarvest 2017 Harvest 2018 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 0.80 N/A N/A N/A 0.75 N/A London 0.84 1.16 0.84 N/A 0.91 0.84 0.71 N/A Hensall 0.90 N/A 0.80 N/A 1.00 N/A 0.75 N/A Trenton N/A N/A N/A N/A N/A N/A 0.85 N/A Bruce 0.90 0.80 0.80 0.10 1.00 0.75 0.75 0.30 Essex N/A N/A 0.67 N/A N/A N/A 0.69 N/A Norwich 0.90 N/A 0.80 N/A 1.00 N/A 0.75 N/A Port Hope N/A 1.00 0.80 N/A N/A 0.75 0.75 N/A Kent Bridge 0.90 N/A 0.80 N/A 1.00 N/A 0.75 N/A Chatham N/A N/A 0.80 N/A N/A N/A 0.75 N/A Brigden N/A N/A 0.80 N/A N/A N/A 0.75 N/A Palmerston N/A 0.80 0.80 0.25 N/A 0.75 0.80 0.35 Varna 1.10 0.80 0.80 N/A 0.95 0.75 0.75 N/A Mitchell 0.90 0.80 0.80 N/A 1.00 0.75 0.75 N/A Thornton N/A N/A N/A 0.25 N/A N/A N/A N/A North Gower N/A 0.60 0.60 0.30 N/A 0.91 0.81 0.20 W O Feed 1.45 PROCESSORS Toledo FM N/A N/A 1.28 N/A N/A N/A 1.22 N/A Toledo El. 4.07US 5.17CA 4.35US 5.52CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.83 0.83 0.77 0.28 CAD $/bu 5.33 5.33 5.27 6.50 CAD $/tonne 195.99 195.99 193.66 238.92 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 458.24 DDG's FOB Srn & Aylm 185.00 - 190.00