FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, January 3

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, January 3 Exchange rate was 1.2526 up 0.0030 Chicago soybeans closed slightly higher. MAR18 HI 9.70 NOV18 HI 9.86 3/4 LOW 9.63 1/2 LOW 9.81 CLOSE9.68 3/4 Up 4 CLOSE 9.85 1/2 Up 3 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY18 CK Low 1.60 11.29 414.741.65 11.51 422.74 CK High 1.80 11.49 422.091.80 11.66 428.25 CK Average 1.67 -0.6211.35 417.191.73 -0.6111.58 425.55 Essex Cty 1.65 11.34 416.581.65 11.51 422.74 Mdsx Low 1.65 11.34 416.581.71 11.57 424.94 Mdsx High 1.65 11.34 416.581.75 11.61 426.41 Mdsx Average 1.65 -0.6411.34 416.581.73 -0.6011.59 425.68 Hensall 1.65 11.34 416.581.78 11.63 427.33 Bruce 1.65 11.34 416.581.75 11.61 426.41 Putnam 1.65 11.34 416.581.75 11.61 426.41 Burford 1.72 11.41 419.151.78 11.64 427.51 Port Perry 1.65 11.34 416.581.71 11.57 424.94 Norfolk 1.65 11.34 416.581.80 11.66 428.25 Palmerston 1.70 11.39 418.421.70 11.56 424.57 Varna 1.65 11.34 416.581.80 11.66 428.25 Trenton 1.75 11.44 420.261.80 11.66 428.25 Winchester 1.77 11.46 420.991.75 11.61 426.41 North Gower 1.75 11.44 420.261.75 11.61 426.41 Huron FOB 1.75 11.44 420.261.80 11.66 428.25 Kent FOB 1.70 11.39 418.421.75 11.61 426.41 Lambton FOB 1.80 11.49 422.091.90 11.76 431.92 Middlesex FOB1.76 1.81 1.87 1.82 11.45 420.621.82 11.68 428.98 TRANSFER Hamilton N/A 2.15 12.01 441.11 Prescott 1.87 11.56 424.672.02 11.88 436.33 Toledo El. -0.34 9.35 343.53-0.38 9.48 348.30 Exchange rate was 1.2526 up 0.0030 Chicago wheat closed slightly higher. MAR18 HI 4.37 JUL18 HI 4.62 LOW 4.32 LOW 4.57 1/4 CLOSE 4.36 Up 2 1/2 CLOSE 4.60 3/4 Up 1 Minni wheat closed slightly higher. MAR18 HI 6.23 1/4 SEP18 HI 6.30 LOW 6.18 LOW 6.27 CLOSE 6.19 3/4 Up 1 3/4 CLOSE 6.28 Up 1 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.79 0.91 0.79 0.25 CAD $/bu 5.15 5.27 5.15 6.45 CAD $/tonne 189.16 193.76 189.16 236.91 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 0.70 N/A London 0.90 1.15 0.84 N/A 0.96 0.77 0.71 N/A Hensall 0.90 N/A 0.80 N/A 1.00 N/A 0.75 N/A Trenton N/A N/A N/A N/A N/A N/A 0.85 N/A Bruce 0.90 0.80 0.80 0.10 1.00 0.75 0.75 0.30 Essex N/A N/A N/A N/A N/A N/A 0.65 N/A Norwich 0.90 N/A 0.80 N/A 1.00 N/A 0.75 N/A Port Hope N/A N/A 0.80 N/A N/A 0.75 0.75 N/A Kent Bridge 0.90 N/A 0.80 N/A 1.00 N/A 0.75 N/A Chatham N/A N/A 0.80 N/A N/A N/A 0.70 N/A Brigden N/A N/A 0.80 N/A N/A N/A 0.70 N/A Palmerston N/A 0.80 0.80 0.25 N/A 0.75 0.80 0.35 Varna 1.10 0.85 0.80 N/A 0.95 0.75 0.75 N/A Mitchell 0.90 0.80 0.80 N/A 1.00 0.75 0.75 N/A Thornton N/A N/A N/A 0.32 N/A N/A N/A N/A North Gower N/A 0.75 0.70 0.20 N/A 0.88 0.78 0.10 W O Feed 1.45 PROCESSORS Toledo FM N/A N/A 1.23 N/A N/A N/A 1.16 N/A Toledo El. 4.26US 5.34CA 4.46US 5.58CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.79 0.79 0.72 0.21 CAD $/bu 5.39 5.39 5.33 6.49 CAD $/tonne 198.21 198.21 195.91 238.36 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 449.31 DDG's FOB Srn & Aylm 185.00 - 200.00