FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, May 7

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, May 7 Exchange rate was 1.2849 up 0.0009 Chicago soybeans closed moderately lower to lower. JUL18 HI 10.40 NOV18 HI 10.41 1/4 LOW 10.10 3/4 LOW 10.16 3/4 CLOSE10.11 1/2 Down 25 1/4 CLOSE 10.18 Down 19 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+JUL1+SEP18 CK Low 2.34 12.46 457.642.45 12.63 464.07 CK High 2.40 12.52 459.852.55 12.73 467.75 CK Average 2.37 -0.4012.48 458.562.48 -0.3212.66 465.30 Essex Cty 2.40 12.52 459.852.42 12.60 462.97 Mdsx Low 2.34 12.46 457.642.48 12.66 465.18 Mdsx High 2.40 12.52 459.852.50 12.68 465.91 Mdsx Average 2.37 -0.4012.49 458.752.49 -0.3212.67 465.54 Hensall 2.40 12.52 459.852.50 12.68 465.91 Bruce 2.40 12.52 459.852.50 12.68 465.91 Putnam 2.40 12.52 459.852.55 12.73 467.75 Burford 2.41 12.53 460.212.55 12.73 467.75 Port Perry 2.31 12.43 456.542.45 12.63 464.07 Norfolk 2.35 12.47 458.012.52 12.70 466.65 Palmerston 2.35 12.47 458.012.55 12.73 467.75 Varna 2.40 12.52 459.852.50 12.68 465.91 Trenton 2.35 12.47 458.012.50 12.68 465.91 Winchester 2.35 12.47 458.012.55 12.73 467.75 North Gower 2.25 12.37 454.342.35 12.53 460.40 Huron FOB 2.50 12.62 463.522.60 12.78 469.58 Kent FOB 2.50 12.62 463.522.47 12.65 464.81 Lambton FOB 2.60 12.72 467.202.60 12.78 469.58 Middlesex FOB2.57 2.62 2.62 N/A 12.69 466.092.59 12.77 469.22 PROCESSORS Windsor 2.69 12.81 470.502.77 12.95 475.83 TRANSFER Hamilton N/A 2.80 12.98 476.93 Prescott 2.40 12.52 459.852.96 13.14 482.81 Toledo El. -0.26 9.86 362.22-0.32 9.86 362.25 Exchange rate was 1.2849 up 0.0009 Chicago wheat closed lower. JUL18 HI 5.24 JUL18 HI 5.24 LOW 5.10 1/2 LOW 5.10 1/2 CLOSE 5.11 1/2 Down 14 3/4 CLOSE 5.11 1/2 Down 14 3/4 Minni wheat closed lower. JUL18 HI 6.22 SEP18 HI 6.27 LOW 6.08 LOW 6.15 CLOSE 6.11 Down 12 CLOSE 6.18 1/4 Down 10 3/4 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.35 1.29 1.10 0.33 CAD $/bu 6.47 6.40 6.21 6.44 CAD $/tonne 237.70 235.34 228.26 236.52 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 0.85 N/A N/A N/A 1.00 N/A London 1.28 1.35 0.90 N/A 1.34 1.15 0.99 N/A Hensall 1.10 N/A 0.85 N/A 1.15 N/A 1.00 N/A Trenton N/A N/A N/A N/A N/A N/A 1.00 N/A Bruce 1.10 1.00 0.85 N/A 1.15 1.00 1.00 0.50 Essex N/A N/A 0.83 N/A N/A N/A 0.99 N/A Norwich 1.10 N/A 0.85 N/A 1.15 N/A 1.00 N/A Port Hope N/A N/A 0.80 N/A N/A 1.00 1.00 N/A Kent Bridge 1.10 N/A 0.85 N/A 1.15 N/A 1.00 N/A Chatham N/A N/A 0.85 N/A N/A N/A 1.05 N/A Brigden N/A N/A 0.85 N/A N/A N/A 1.05 N/A Palmerston N/A 1.00 0.90 0.35 N/A 1.05 0.95 0.55 Varna 1.15 1.10 0.85 N/A 1.20 1.20 1.00 N/A Mitchell 1.10 1.00 0.85 N/A 1.15 1.00 1.00 N/A Thornton N/A N/A N/A 1.58 N/A N/A N/A N/A North Gower N/A 1.23 1.09 0.16 N/A 1.42 1.36 0.32 W O Feed 1.54 PROCESSORS Toledo FM N/A N/A 1.59 N/A N/A N/A 1.59 N/A Toledo El. 5.22US 6.70CA 5.22US 6.70CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.33 1.26 1.20 0.35 CAD $/bu 6.44 6.38 6.32 6.53 CAD $/tonne 236.76 234.40 232.04 239.95 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 556.13 DDG's FOB Srn & Aylm 255.00 - 265.00