FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, January 12

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, January 12 Exchange rate was 1.2477 down 0.0040 Chicago soybeans closed slightly to moderately higher. MAR18 HI 9.62 3/4 NOV18 HI 9.84 3/4 LOW 9.44 1/2 LOW 9.67 1/2 CLOSE9.60 1/2 Up 10 1/2 CLOSE 9.83 1/2 Up 12 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY18 CK Low 1.70 11.31 415.391.70 11.54 423.84 CK High 1.75 11.36 417.221.80 11.64 427.51 CK Average 1.73 -0.5211.33 416.371.74 -0.5411.58 425.37 Essex Cty 1.70 11.31 415.391.70 11.54 423.84 Mdsx Low 1.70 11.31 415.391.70 11.54 423.84 Mdsx High 1.71 11.32 415.761.80 11.64 427.51 Mdsx Average 1.71 -0.5411.31 415.571.75 -0.5411.59 425.68 Hensall 1.68 11.28 414.471.80 11.64 427.51 Bruce 1.70 11.31 415.391.80 11.64 427.51 Putnam 1.65 11.26 413.551.75 11.59 425.68 Burford 1.78 11.39 418.331.77 11.61 426.41 Port Perry 1.71 11.32 415.761.70 11.54 423.84 Norfolk 1.70 11.31 415.391.80 11.64 427.51 Palmerston 1.75 11.36 417.221.75 11.59 425.68 Varna 1.65 11.26 413.551.80 11.64 427.51 Trenton 1.75 11.36 417.221.80 11.64 427.51 Winchester 1.76 11.37 417.591.75 11.59 425.68 North Gower 1.63 11.24 412.821.63 11.47 421.27 Huron FOB 1.75 11.36 417.221.90 11.74 431.19 Kent FOB 1.85 11.46 420.901.75 11.59 425.68 Lambton FOB 1.90 11.51 422.741.85 11.69 429.35 Middlesex FOB1.82 1.90 1.90 1.85 11.43 419.801.78 11.62 426.78 TRANSFER Hamilton N/A 2.15 11.99 440.37 Prescott 1.82 11.43 419.802.03 11.87 435.96 Toledo El. -0.24 9.37 344.21-0.37 9.46 347.64 Exchange rate was 1.2477 down 0.0040 Chicago wheat closed lower. MAR18 HI 4.36 JUL18 HI 4.60 3/4 LOW 4.18 3/4 LOW 4.45 CLOSE 4.20 1/2 Down 12 3/4 CLOSE 4.46 1/2 Down 12 1/4 Minni wheat closed moderately lower to lower. MAR18 HI 6.30 SEP18 HI 6.29 LOW 6.12 LOW 6.20 1/4 CLOSE 6.12 3/4 Down 16 1/4 CLOSE 6.21 1/2 Down 8 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.73 0.85 0.73 0.21 CAD $/bu 4.93 5.06 4.93 6.33 CAD $/tonne 181.30 185.88 181.30 232.76 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 0.85 N/A N/A N/A 0.70 N/A London 0.76 1.01 0.85 0.76 0.89 1.20 0.83 N/A Hensall 0.95 N/A 0.85 N/A 0.95 N/A 0.70 N/A Trenton N/A N/A N/A N/A N/A N/A 0.85 N/A Bruce 0.95 0.85 0.85 0.10 0.95 0.70 0.70 0.30 Essex N/A N/A N/A N/A N/A N/A 0.61 N/A Norwich 0.95 N/A 0.85 N/A 0.95 N/A 0.70 N/A Port Hope N/A N/A 0.80 N/A N/A 0.75 0.70 N/A Kent Bridge 0.95 N/A 0.85 N/A 0.95 N/A 0.70 N/A Chatham N/A N/A 0.85 N/A N/A N/A 0.70 N/A Brigden N/A N/A 0.85 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 0.90 0.70 0.70 N/A Mitchell 0.95 0.85 0.85 N/A 0.95 0.70 0.70 N/A Thornton N/A N/A N/A 0.22 N/A N/A N/A N/A North Gower N/A 0.75 0.70 0.18 N/A 0.84 0.79 0.05 W O Feed 1.41 PROCESSORS Toledo FM N/A N/A 1.17 N/A N/A N/A 1.10 N/A Toledo El. 4.11US 5.12CA 4.32US 5.38CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.72 0.72 0.66 0.16 CAD $/bu 5.19 5.19 5.13 6.37 CAD $/tonne 190.69 190.69 188.40 234.18 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 448.65 DDG's FOB Srn & Aylm 215.00 - 230.00