FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, January 15

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, January 15 Exchange rate was 1.2402 down 0.0075 (U.S. markets were closed for the Martin Luther King Jr. Day holiday) 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 1.67 11.28 414.291.58 11.42 419.43 CK High 1.75 11.36 417.221.80 11.64 427.51 CK Average 1.72 -0.4711.33 416.121.72 -0.5111.56 424.63 Essex Cty 1.70 11.31 415.391.70 11.54 423.84 Mdsx Low 1.67 11.28 414.291.58 11.42 419.43 Mdsx High 1.70 11.31 415.391.80 11.64 427.51 Mdsx Average 1.69 -0.5011.29 414.841.69 -0.5311.53 423.47 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 1.74 11.35 416.861.65 11.49 422.00 Port Perry 1.67 11.28 414.291.58 11.42 419.43 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 11.51 422.741.80 11.64 427.51 Middlesex FOB1.78 1.87 1.87 1.76 11.39 418.331.66 11.50 422.37 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 9.37 344.27-0.37 9.46 347.71 Exchange rate was 1.2402 down 0.0075 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 0.70 0.82 0.70 0.17 CAD $/bu 4.90 5.03 4.90 6.30 CAD $/tonne 180.22 184.78 180.22 231.37 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 0.82 1.13 0.76 N/A 0.91 0.67 0.67 N/A Hensall 0.85 N/A 0.75 N/A 0.90 N/A 0.65 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 0.85 N/A 0.75 N/A 0.90 N/A 0.65 N/A Port Hope N/A N/A 0.80 N/A N/A 0.75 0.70 N/A Kent Bridge 0.85 N/A 0.75 N/A 0.90 N/A 0.65 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 0.85 0.75 0.75 N/A 0.90 0.65 0.65 N/A Thornton N/A N/A N/A 0.15 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 1.13 N/A N/A N/A 1.07 N/A Toledo El. 4.11US 5.09CA 4.32US 5.35CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.70 0.70 0.63 0.12 CAD $/bu 5.16 5.16 5.10 6.34 CAD $/tonne 189.65 189.65 187.37 232.91 (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