FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, July 19

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, July 19 Bank of Canada Noon exchange rate was 1.3029 up 0.0045 Chicago soybeans closed moderately lower to lower. AUG16 HI 10.79 NOV16 HI 10.65 LOW 10.41 LOW 10.23 CLOSE10.44 Down 34 1/4 CLOSE 10.27 3/4 Down 38 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +AUG1+NOV1+NOV16 CK Low 2.65 13.09 480.982.30 12.58 462.14 CK High 2.85 13.29 488.322.45 12.73 467.66 CK Average 2.76 -0.3113.20 485.082.40 -0.5412.68 465.82 Essex Cty 2.80 13.24 486.492.45 12.73 467.66 Mdsx Low 2.65 13.09 480.982.30 12.58 462.14 Mdsx High 2.75 13.19 484.652.43 12.71 466.92 Mdsx Average 2.70 -0.3513.14 482.812.37 -0.5712.64 464.53 Hensall 2.73 13.17 483.732.38 12.65 464.90 Bruce 2.75 13.19 484.652.40 12.68 465.82 Putnam 2.75 13.19 484.652.40 12.68 465.82 Burford 2.78 13.22 485.752.46 12.74 468.02 Port Perry 2.75 13.19 484.652.43 12.71 466.92 Norfolk 2.80 13.24 486.492.45 12.73 467.66 Palmerston 2.80 13.24 486.492.45 12.73 467.66 Varna 2.65 13.09 480.982.35 12.63 463.98 Trenton 2.75 13.19 484.652.45 12.73 467.66 Winchester N/A 2.50 12.78 469.49 North Gower 2.45 12.89 473.632.52 12.80 470.23 Huron FOB 2.90 13.34 490.162.55 12.83 471.33 Kent FOB 2.95 13.39 492.002.55 12.83 471.33 Lambton FOB 2.65 13.09 480.982.45 12.73 467.66 Middlesex FOB2.75 N/A N/A N/A 13.19 484.652.43 12.71 466.92 PROCESSORS Hamilton 3.19 3.32 N/A 2.88 13.63 500.822.88 13.16 483.46 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 1.85 12.29 451.583.00 13.28 487.86 Toledo El. -0.14 10.30 378.34-0.42 9.86 362.32 Bank of Canada Noon exchange rate was 1.3029 up 0.0045 Chicago wheat closed moderately lower to lower. SEP16 HI 4.28 1/4 JUL17 HI 4.99 3/4 LOW 4.16 1/4 LOW 4.87 3/4 CLOSE 4.18 Down 11 1/2 CLOSE 4.89 1/2 Down 12 1/2 Minni wheat closed moderately lower. SEP16 HI 4.96 1/4 SEP17 HI 5.55 LOW 4.87 3/4 LOW 5.49 3/4 CLOSE 4.88 Down 10 CLOSE 5.49 3/4 Down 8 1/4 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.55 0.42 0.55 0.70 CAD $/bu 4.73 4.60 4.73 5.58 CAD $/tonne 173.77 168.99 173.77 204.89 Direct MarkHarvest 2016 Harvest 2017 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 0.30 0.35 N/A N/A N/A 0.35 N/A London 0.49 0.32 0.49 N/A 0.52 0.45 0.39 N/A Hensall 0.50 N/A 0.45 N/A 0.60 N/A 0.40 N/A Trenton N/A N/A 0.50 N/A N/A N/A 0.40 N/A Winchester N/A N/A N/A N/A N/A N/A N/A N/A Essex N/A N/A 0.30 N/A N/A N/A 0.30 N/A Norwich 0.50 N/A 0.45 N/A 0.60 N/A 0.40 N/A Port Hope N/A 0.40 0.45 0.40 N/A 0.35 0.40 N/A Kent Bridge 0.50 N/A 0.45 N/A 0.60 N/A 0.40 N/A Chatham N/A 0.30 0.40 N/A N/A N/A 0.30 N/A Brigden N/A N/A 0.35 N/A N/A N/A 0.30 N/A Palmerston N/A 0.45 0.45 0.55 N/A 0.50 0.55 0.55 Varna 0.65 0.45 0.45 0.60 0.50 0.45 0.40 N/A Mitchell 0.50 0.25 0.45 N/A 0.60 0.35 0.40 N/A Thornton N/A N/A N/A -0.30 N/A N/A N/A N/A North Gower N/A 0.42 0.55 0.69 N/A N/A N/A N/A TERMINAL Prescott N/A 0.75 0.75 0.45 N/A 0.60 0.65 0.45 PROCESSORS Toledo FM 1.53 N/A 1.27 N/A N/A N/A 1.48 N/A Toledo El. 4.11US 5.35CA 4.70US 6.11CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.96 0.89 0.37 CAD $/bu 5.85 5.79 5.27 CAD $/tonne 215.04 212.65 193.51 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 548.63 DDG's FOB Srn & Aylm 230.00 - 235.00