FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, August 23

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Tue, August 23 Bank of Canada Noon exchange rate was 1.2902 down 0.0040 Chicago soybeans closed slightly lower. NOV16 HI 10.16 3/4 NOV16 HI 10.16 3/4 LOW 10.06 1/2 LOW 10.06 1/2 CLOSE10.13 1/2 Down 2 1/4 CLOSE 10.13 1/2 Down 2 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +NOV1+NOV1+NOV16 CK Low 2.80 12.94 475.282.25 12.39 455.14 CK High 2.95 13.09 480.792.52 12.66 464.99 CK Average 2.91 -0.0313.04 479.202.44 -0.3812.57 461.94 Essex Cty 2.95 13.09 480.792.55 12.69 466.09 Mdsx Low 2.90 13.04 478.952.40 12.54 460.58 Mdsx High 2.92 13.06 479.692.50 12.64 464.26 Mdsx Average 2.91 -0.0313.05 479.322.45 -0.3712.59 462.42 Hensall 2.88 13.01 478.042.43 12.56 461.50 Bruce 2.90 13.04 478.952.40 12.54 460.58 Putnam 2.90 13.04 478.952.40 12.54 460.58 Burford 2.95 13.09 480.792.53 12.67 465.36 Port Perry 2.92 13.06 479.692.50 12.64 464.26 Norfolk 2.85 12.99 477.122.55 12.69 466.09 Palmerston 2.95 13.09 480.792.55 12.69 466.09 Varna 2.85 12.99 477.122.40 12.54 460.58 Trenton N/A 2.65 12.79 469.77 Winchester N/A 2.38 12.52 459.85 North Gower N/A 2.60 12.74 467.93 Huron FOB 2.95 13.09 480.792.55 12.69 466.09 Kent FOB 3.00 13.14 482.632.50 12.64 464.26 Lambton FOB 3.10 13.24 486.302.55 12.69 466.09 Middlesex FOB3.07 3.07 N/A N/A 13.21 485.202.67 12.81 470.50 PROCESSORS Hamilton 3.40 3.40 2.95 3.00 13.54 497.332.95 13.09 480.79 Windsor N/A N/A N/A N/A N/A Winchester N/A N/A TRANSFER Prescott 3.00 13.14 482.633.10 13.24 486.30 Toledo El. 0.06 10.20 374.77-0.41 9.72 357.24 Bank of Canada Noon exchange rate was 1.2902 down 0.0040 Chicago wheat closed moderately lower. SEP16 HI 4.15 JUL17 HI 4.79 3/4 LOW 4.06 3/4 LOW 4.72 3/4 CLOSE 4.07 3/4 Down 7 1/2 CLOSE 4.73 1/2 Down 7 1/2 Minni wheat closed slightly to moderately lower. DEC16 HI 5.24 1/2 SEP17 HI 5.56 1/4 LOW 5.14 1/2 LOW 5.52 3/4 CLOSE 5.15 3/4 Down 8 3/4 CLOSE 5.52 3/4 Down 5 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.48 0.35 0.67 0.15 CAD $/bu 4.55 4.42 4.75 5.30 CAD $/tonne 167.33 162.59 174.44 194.84 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 0.35 0.35 N/A N/A N/A 0.40 N/A London N/A N/A 0.36 N/A N/A N/A 0.40 N/A Hensall 0.35 N/A 0.35 N/A 0.55 N/A 0.40 N/A Trenton N/A N/A 0.50 N/A N/A N/A 0.45 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 0.35 N/A 0.35 N/A 0.55 N/A 0.40 N/A Port Hope N/A 0.50 0.40 0.50 N/A 0.35 0.40 N/A Kent Bridge 0.35 N/A 0.35 N/A 0.55 N/A 0.40 N/A Chatham N/A 0.30 0.35 N/A N/A N/A 0.40 N/A Brigden N/A N/A 0.35 N/A N/A N/A 0.40 N/A Palmerston N/A 0.50 0.35 0.30 N/A 0.40 0.45 0.50 Varna 0.40 0.30 0.35 N/A 0.50 0.40 0.40 N/A Mitchell 0.35 0.30 0.35 N/A 0.55 0.35 0.40 N/A Thornton N/A N/A N/A 0.04 N/A N/A N/A N/A North Gower N/A 0.58 0.91 0.19 N/A N/A N/A N/A TERMINAL Prescott N/A 0.60 0.80 0.35 N/A 0.60 0.65 0.45 PROCESSORS Toledo FM N/A N/A 1.19 N/A N/A N/A 1.37 N/A Toledo El. 4.01US 5.17CA 4.54US 5.84CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.72 0.66 0.40 CAD $/bu 5.46 5.39 5.14 CAD $/tonne 200.55 198.19 188.71 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal - DDG's FOB Srn & Aylm 170.00 - 175.00