FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, May 24

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, May 24 Exchange rate was 1.2881 up 0.0040 Chicago soybeans closed slightly lower. JUL18 HI 10.50 3/4 NOV18 HI 10.59 3/4 LOW 10.35 1/2 LOW 10.47 CLOSE10.35 3/4 Down 3 1/2 CLOSE 10.47 1/2 Down 1 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JUL1+JUL1+SEP18 CK Low 2.35 12.71 466.922.40 12.88 473.08 CK High 2.50 12.86 472.432.46 12.94 475.28 CK Average 2.44 -0.4212.80 470.172.44 -0.4512.92 474.67 Essex Cty 2.35 12.71 466.922.35 12.83 471.24 Mdsx Low 2.48 12.84 471.702.46 12.94 475.28 Mdsx High 2.50 12.86 472.432.50 12.98 476.75 Mdsx Average 2.49 -0.3812.85 472.062.48 -0.4212.96 476.01 Hensall 2.45 12.81 470.602.48 12.95 475.83 Bruce 2.50 12.86 472.432.45 12.93 474.91 Putnam 2.50 12.86 472.432.50 12.98 476.75 Burford 2.55 12.91 474.272.53 13.01 477.85 Port Perry 2.45 12.81 470.602.43 12.91 474.18 Norfolk 2.40 12.76 468.762.45 12.93 474.91 Palmerston 2.40 12.76 468.762.50 12.98 476.75 Varna 2.40 12.76 468.762.45 12.93 474.91 Trenton 2.45 12.81 470.602.45 12.93 474.91 Winchester 2.29 12.65 464.722.43 12.91 474.18 North Gower 2.32 12.68 465.822.42 12.90 473.81 Huron FOB 2.50 12.86 472.432.55 13.03 478.59 Kent FOB 2.55 12.91 474.272.45 12.93 474.91 Lambton FOB 2.65 13.01 477.942.60 13.08 480.42 Middlesex FOB2.71 2.76 2.76 N/A 13.07 480.152.63 13.11 481.53 PROCESSORS Windsor 2.92 13.28 487.862.76 13.24 486.30 TRANSFER Hamilton N/A 2.85 13.33 489.61 Prescott 2.40 12.76 468.762.93 13.41 492.55 Toledo El. -0.26 10.10 371.11-0.32 10.15 373.06 Exchange rate was 1.2881 up 0.0040 Chicago wheat closed slightly lower. JUL18 HI 5.45 1/4 JUL18 HI 5.45 1/4 LOW 5.29 1/4 LOW 5.29 1/4 CLOSE 5.30 1/4 Down 3/4 CLOSE 5.30 1/4 Down 3/4 Minni wheat closed moderately lower. JUL18 HI 6.51 SEP18 HI 6.53 3/4 LOW 6.33 LOW 6.38 CLOSE 6.34 3/4 Down 7 1/4 CLOSE 6.39 3/4 Down 7 GFO Cash Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.42 1.36 1.17 0.41 CAD $/bu 6.73 6.66 6.47 6.76 CAD $/tonne 247.17 244.81 237.71 248.36 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 0.90 N/A N/A N/A 1.05 N/A London 1.23 1.42 0.97 N/A 1.28 1.28 1.09 N/A Hensall 1.10 N/A 0.90 N/A 1.15 N/A 1.05 N/A Trenton N/A N/A N/A N/A N/A N/A 1.00 N/A Bruce 1.10 1.10 0.90 N/A 1.15 1.15 1.05 0.50 Essex N/A N/A 0.88 N/A N/A N/A 1.09 N/A Norwich 1.10 N/A 0.90 N/A 1.15 N/A 1.05 N/A Port Hope N/A N/A 0.90 N/A N/A 1.05 1.05 N/A Kent Bridge 1.10 N/A 0.90 N/A 1.15 N/A 1.05 N/A Chatham N/A N/A 0.90 N/A N/A N/A 1.05 N/A Brigden N/A N/A 0.90 N/A N/A N/A 1.05 N/A Palmerston N/A 1.00 0.90 0.35 N/A 1.10 1.00 0.55 Varna 1.20 1.10 0.90 N/A 1.20 1.20 1.00 N/A Mitchell 1.10 1.10 0.90 N/A 1.15 1.15 1.05 N/A Thornton N/A N/A N/A 1.08 N/A N/A N/A N/A North Gower N/A 1.14 0.95 0.21 N/A 1.44 1.37 0.37 W O Feed 1.53 PROCESSORS Toledo FM N/A N/A 1.72 N/A N/A N/A 1.72 N/A Toledo El. 5.40US 6.96CA 5.40US 6.96CA GFO Contract Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.40 1.33 1.27 0.43 CAD $/bu 6.70 6.64 6.57 6.82 CAD $/tonne 246.23 243.86 241.50 250.72 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 573.54 DDG's FOB Srn & Aylm 260.00 - 265.00