FARM MARKET NEWS – SOYBEAN AND WHEAT REPORT FOR Thu, July 20

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, July 20
Exchange rate was 1.2564 down 0.0029
Chicago soybeans closed slightly to moderately higher.

       AUG17   HI 10.17  1/4          NOV17    HI 10.31  1/4
              LOW 9.95                        LOW 10.08  1/4
             CLOSE10.13  1/4  Up 13 1/2     CLOSE 10.27   Up 14 1/2

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt
ELEVATORS         +AUG1+NOV1+NOV17
CK Low       1.90                     12.03 442.121.75      12.02 441.66
CK High      2.10                     12.23 449.471.90      12.17 447.17
CK Average   2.04                -0.4412.17 447.261.83 -0.6412.10 444.48
Essex Cty    2.00                     12.13 445.791.70      11.97 439.82
Mdsx Low     2.06                     12.19 448.001.83      12.10 444.60
Mdsx High    2.10                     12.23 449.471.90      12.17 447.17
Mdsx Average 2.08                -0.4112.21 448.731.87 -0.6112.14 445.88
Hensall      2.10                     12.23 449.471.90      12.17 447.17
Bruce        2.10                     12.23 449.471.90      12.17 447.17
Putnam       2.05                     12.18 447.631.85      12.12 445.33
Burford      2.13                     12.26 450.571.90      12.17 447.17
Port Perry   2.06                     12.19 448.001.83      12.10 444.60
Norfolk      2.08                     12.21 448.731.88      12.15 446.44
Palmerston   2.05                     12.18 447.631.75      12.02 441.66
Varna        2.05                     12.18 447.631.85      12.12 445.33
Trenton      1.95                     12.08 443.961.80      12.07 443.50
Winchester   2.10                     12.23 449.472.25      12.52 460.03
North Gower  1.86                     11.99 440.651.94      12.21 448.64
Huron FOB    2.20                     12.33 453.142.00      12.27 450.85
Kent FOB     2.18                     12.31 452.411.83      12.10 444.60
Lambton FOB  2.30                     12.43 456.822.00      12.27 450.85
Middlesex FOB2.17 2.29  N/A  N/A      12.30 452.042.00      12.27 450.85

PROCESSORS
Hamilton     2.50 2.62 2.53  N/A      12.63 464.162.40      12.67 465.54
                   N/A  N/A  N/A
TRANSFER
Prescott     2.09                     12.22 449.102.30      12.57 461.87
Sarnia        N/A                                 2.15      12.42 456.36

Toledo El.   -0.20                     9.93 364.92-0.64      9.63 353.82


Exchange rate was 1.2564 down 0.0029
Chicago wheat closed slightly higher.
SEP17      HI     5.08  1/4             JUL18   HI      5.64  1/2
           LOW        4.95                      LOW     5.54  1/4
           CLOSE  5.05  3/4  Up 2 3/4           CLOSE   5.64  1/4  Up 2 1/2

Minni wheat closed slightly higher.
SEP17      HI         7.80              SEP18   HI      6.71  1/4
           LOW    7.60  3/4                     LOW        6.60
           CLOSE  7.78   Up 2 1/2               CLOSE   6.71  1/4  Up 4

GFO Cash Wheat Prices - DEL Terminal
Harvest 17        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 0.92          0.92            0.89          0.11
CAD $/bu              5.98          5.98            5.95          7.89
CAD $/tonne         219.62        219.62          218.70        289.91


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    0.60    N/A    N/A     N/A    0.65    N/A
London      0.78    0.66   0.57    N/A    0.74    0.61   0.61    N/A
Hensall     0.80    N/A    0.60    N/A    0.95    N/A    0.65    N/A
Trenton      N/A    N/A    0.85    N/A    N/A     N/A    0.80    N/A
Bruce       0.80    0.70   0.60   0.25    0.95    0.75   0.65   0.60
Essex        N/A    N/A    0.58    N/A    N/A     N/A    0.66    N/A
Norwich     0.80    N/A    0.60    N/A    0.95    N/A    0.70    N/A
Port Hope    N/A    0.85   0.70    N/A    N/A     0.70   0.75    N/A
Kent Bridge 0.80    N/A    0.60    N/A    0.95    N/A    0.65    N/A
Chatham      N/A    N/A    0.60    N/A    N/A     N/A    0.65    N/A
Brigden      N/A    N/A    0.60    N/A    N/A     N/A    0.65    N/A
Palmerston   N/A    0.70   0.60   0.25    N/A     0.75   0.65   0.35
Varna       0.90    0.70   0.60    N/A    0.95    0.75   0.70    N/A
Mitchell    0.80    0.60   0.60    N/A    0.95    0.70   0.65    N/A
Thornton     N/A    N/A     N/A   -0.49   N/A     N/A     N/A    N/A
North Gower  N/A    0.82   0.80   0.02    N/A     0.80   0.80   0.23
W O Feed                   1.34

TERMINAL
Sarnia      1.08    N/A    0.99    N/A    N/A     N/A     N/A    N/A
Prescott     N/A    N/A     N/A    N/A    N/A     N/A     N/A    N/A

PROCESSORS
Toledo FM  N/A    N/A        1.17N/A    N/A     N/A     N/A    N/A

Toledo El. 4.91US         6.17CA        5.44US          6.84CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 18        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 0.88          0.82            0.82          0.34
CAD $/bu              6.52          6.46            6.46          7.05
CAD $/tonne         239.63        237.32          237.32        259.01

(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange

FEED GRAINS
FOB Hm Soymeal            467.94
DDG's FOB Srn & Aylm      165.00