FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, May 25

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, May 25 Bank of Canada Noon exchange rate was 1.309 down 0.0028 Chicago soybeans closed moderately higher to higher. JUL16 HI 10.88 NOV16 HI 10.57 LOW 10.54 3/4 LOW 10.29 1/2 CLOSE10.85 1/2 Up 30 3/4 CLOSE 10.54 1/4 Up 25 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+JUL1+AUG16 CK Low 2.55 13.41 492.552.40 12.94 475.56 CK High 2.65 13.51 496.222.45 12.99 477.39 CK Average 2.61 -0.5313.46 494.692.42 -0.6012.96 476.17 Essex Cty 2.55 13.41 492.552.45 12.99 477.39 Mdsx Low 2.58 13.44 493.652.38 12.92 474.82 Mdsx High 2.60 13.46 494.392.40 12.94 475.56 Mdsx Average 2.59 -0.5413.45 494.022.39 -0.6212.93 475.19 Hensall 2.60 13.46 494.392.40 12.94 475.56 Bruce 2.60 13.46 494.392.40 12.94 475.56 Putnam 2.60 13.46 494.392.40 12.94 475.56 Burford 2.61 13.47 494.752.41 12.95 475.92 Port Perry 2.58 13.44 493.652.38 12.92 474.82 Norfolk 2.60 13.46 494.392.40 12.94 475.56 Palmerston 2.55 13.41 492.552.45 12.99 477.39 Varna 2.60 13.46 494.392.45 12.99 477.39 Trenton 2.70 13.56 498.062.40 12.94 475.56 Winchester 2.55 13.41 492.552.59 13.13 482.54 North Gower 2.35 13.21 485.202.44 12.98 477.03 Huron FOB 2.75 13.61 499.902.50 13.04 479.23 Kent FOB 2.75 13.61 499.902.50 13.04 479.23 Lambton FOB 2.60 13.46 494.392.65 13.19 484.74 Middlesex FOB2.75 2.75 2.91 N/A 13.61 499.902.58 13.12 482.17 PROCESSORS Hamilton 3.13 3.13 3.26 3.32 13.99 513.862.91 13.45 494.29 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 2.05 12.91 474.182.90 13.44 493.93 Toledo El. -0.30 10.56 387.83-0.42 10.13 372.04 Bank of Canada Noon exchange rate was 1.309 down 0.0028 Chicago wheat closed slightly higher. JUL16 HI 4.69 JUL16 HI 4.69 LOW 4.63 LOW 4.63 CLOSE 4.66 Up 2 CLOSE 4.66 Up 2 Minni wheat closed slightly lower to steady. JUL16 HI 5.24 1/2 SEP16 HI 5.32 1/4 LOW 5.20 1/2 LOW 5.28 1/4 CLOSE 5.22 Unchanged CLOSE 5.29 3/4 Down 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 2.90 0.69 0.62 0.75 CAD $/bu 7.56 5.35 5.28 5.97 CAD $/tonne 277.89 196.44 194.04 219.44 Direct MarkHarvest 2015 Harvest 2016 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 N/A N/A N/A 0.45 0.45 N/A London 2.82 0.40 0.60 N/A 0.73 0.40 0.40 N/A Hensall 2.75 N/A 0.60 N/A 0.70 N/A 0.45 N/A Trenton N/A N/A N/A N/A N/A N/A 0.30 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A 0.45 N/A N/A N/A 0.45 N/A Norwich 2.75 N/A 0.60 N/A 0.70 N/A 0.45 N/A Port Hope N/A 0.45 0.65 -0.15 N/A 0.40 0.50 0.52 Kent Bridge 2.75 N/A -0.10 N/A 0.70 N/A 0.45 N/A Chatham N/A N/A N/A N/A N/A 0.45 0.45 N/A Brigden N/A N/A N/A N/A N/A N/A 0.45 N/A Palmerston N/A 0.30 0.50 0.55 N/A 0.25 0.30 0.55 Varna 2.75 0.45 0.60 N/A 0.70 0.45 0.45 N/A Mitchell 2.75 0.40 0.60 N/A 0.70 0.45 0.45 N/A Thornton N/A N/A N/A 0.04 N/A N/A N/A N/A North Gower N/A 0.52 0.46 0.60 N/A 0.42 0.57 0.78 TERMINAL Prescott N/A 0.30 N/A N/A N/A 0.25 0.80 0.95 PROCESSORS Toledo FM N/A N/A 1.22 N/A 1.94 N/A 1.22 N/A Toledo El. 4.56US 5.95CA 4.56US 5.95CA GFO Contract Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.76 0.63 0.63 0.83 CAD $/bu 5.42 5.29 5.29 6.13 CAD $/tonne 199.31 194.52 194.52 225.07 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 620.83 DDG's FOB Srn & Aylm 205.00 - 210.00