FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, May 16

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, May 16 Exchange rate was 1.2775 down 0.0078 Chicago soybeans closed slightly to moderately lower. JUL18 HI 10.18 1/2 NOV18 HI 10.24 3/4 LOW 9.98 3/4 LOW 10.08 1/4 CLOSE9.99 3/4 Down 19 CLOSE 10.09 Down 15 3/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+JUL1+SEP18 CK Low 2.35 12.35 453.692.40 12.49 458.93 CK High 2.41 12.41 455.902.45 12.54 460.77 CK Average 2.39 -0.3112.38 454.982.42 -0.3012.51 459.48 Essex Cty 2.30 12.30 451.862.35 12.44 457.09 Mdsx Low 2.40 12.40 455.532.44 12.53 460.40 Mdsx High 2.41 12.41 455.902.45 12.54 460.77 Mdsx Average 2.41 -0.2912.40 455.712.45 -0.2812.54 460.58 Hensall 2.40 12.40 455.532.45 12.54 460.77 Bruce 2.40 12.40 455.532.40 12.49 458.93 Putnam 2.30 12.30 451.862.40 12.49 458.93 Burford 2.48 12.48 458.472.51 12.60 462.97 Port Perry 2.38 12.38 454.802.41 12.50 459.30 Norfolk 2.35 12.35 453.692.45 12.54 460.77 Palmerston 2.40 12.40 455.532.50 12.59 462.60 Varna 2.40 12.40 455.532.45 12.54 460.77 Trenton 2.40 12.40 455.532.45 12.54 460.77 Winchester 2.30 12.30 451.862.50 12.59 462.60 North Gower 2.25 12.25 450.022.40 12.49 458.93 Huron FOB 2.50 12.50 459.202.55 12.64 464.44 Kent FOB 2.50 12.50 459.202.40 12.49 458.93 Lambton FOB 2.60 12.60 462.882.50 12.59 462.60 Middlesex FOB2.54 2.59 2.59 N/A 12.54 460.672.51 12.60 462.97 PROCESSORS Windsor 2.59 12.59 462.512.68 12.77 469.22 TRANSFER Hamilton N/A 2.75 12.84 471.79 Prescott 2.23 12.23 449.282.75 12.84 471.79 Toledo El. -0.26 9.74 357.96-0.32 9.77 359.01 Exchange rate was 1.2775 down 0.0078 Chicago wheat closed slightly higher. JUL18 HI 4.98 3/4 JUL18 HI 4.98 3/4 LOW 4.91 LOW 4.91 CLOSE 4.94 1/4 Up 3/4 CLOSE 4.94 1/4 Up 3/4 Minni wheat closed slightly higher. JUL18 HI 6.12 3/4 SEP18 HI 6.20 1/4 LOW 6.05 1/2 LOW 6.13 1/4 CLOSE 6.11 1/4 Up 5 CLOSE 6.17 3/4 Up 4 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.27 1.21 1.01 0.29 CAD $/bu 6.21 6.15 5.96 6.40 CAD $/tonne 228.25 225.91 218.87 235.30 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 0.95 N/A London 1.07 1.27 0.82 N/A 1.13 1.07 0.94 N/A Hensall 1.05 N/A 0.80 N/A 1.10 N/A 0.95 N/A Trenton N/A N/A N/A N/A N/A N/A 0.95 N/A Bruce 1.05 1.05 0.80 N/A 1.10 1.15 0.95 0.50 Essex N/A N/A 0.74 N/A N/A N/A 0.90 N/A Norwich 1.05 N/A 0.80 N/A 1.10 N/A 0.95 N/A Port Hope N/A N/A 0.80 N/A N/A 1.00 1.00 N/A Kent Bridge 1.05 N/A 0.80 N/A 1.10 N/A 0.95 N/A Chatham N/A N/A 0.80 N/A N/A N/A 0.95 N/A Brigden N/A N/A 0.80 N/A N/A N/A 0.95 N/A Palmerston N/A 1.00 0.90 0.35 N/A 1.05 0.95 0.55 Varna 1.15 1.05 0.85 N/A 1.15 1.15 0.95 N/A Mitchell 1.05 1.05 0.80 N/A 1.10 1.15 0.95 N/A Thornton N/A N/A N/A 1.31 N/A N/A N/A N/A North Gower N/A 1.14 1.00 0.12 N/A 1.33 1.26 0.29 W O Feed 1.50 PROCESSORS Toledo FM N/A N/A 1.50 N/A N/A N/A 1.50 N/A Toledo El. 5.04US 6.44CA 5.04US 6.44CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.24 1.18 1.12 0.31 CAD $/bu 6.19 6.12 6.06 6.49 CAD $/tonne 227.32 224.97 222.62 238.35 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 568.36 DDG's FOB Srn & Aylm 260.00 - 265.00