FARM MARKET NEWS – SOYBEAN AND WHEAT REPORT FOR Thu, November 16

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, November 16
Exchange rate was 1.2745 down 0.0023
Chicago soybeans closed slightly lower.

       JAN18   HI 9.78  1/4           NOV18    HI 9.90
              LOW 9.70  1/4                   LOW 9.83  1/4
             CLOSE9.72   Down 4 1/4         CLOSE 9.85  1/2  Down 2 1/4

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt
ELEVATORS         +JAN1+JAN1+MAR18
CK Low       1.80                     11.52 423.291.85      11.71 430.09
CK High      1.90                     11.62 426.962.05      11.91 437.43
CK Average   1.86                -0.6411.58 425.371.93 -0.5811.79 433.09
Essex Cty    1.80                     11.52 423.291.85      11.71 430.09
Mdsx Low     1.84                     11.56 424.761.94      11.80 433.39
Mdsx High    1.90                     11.62 426.961.95      11.81 433.76
Mdsx Average 1.87                -0.6311.59 425.861.95 -0.5711.80 433.58
Hensall      1.90                     11.62 426.961.98      11.83 434.68
Bruce        1.85                     11.57 425.121.90      11.76 431.92
Putnam       1.95                     11.67 428.802.00      11.86 435.60
Burford      1.91                     11.63 427.332.01      11.87 435.96
Port Perry   1.81                     11.53 423.651.91      11.77 432.29
Norfolk      1.95                     11.67 428.802.00      11.86 435.60
Palmerston   1.90                     11.62 426.961.90      11.76 431.92
Varna        1.90                     11.62 426.962.00      11.86 435.60
Trenton      1.85                     11.57 425.122.00      11.86 435.60
Winchester   2.07                     11.79 433.211.86      11.72 430.45
North Gower  1.85                     11.57 425.121.85      11.71 430.09
Huron FOB    2.00                     11.72 430.642.10      11.96 439.27
Kent FOB     2.00                     11.72 430.641.95      11.81 433.76
Lambton FOB  1.95                     11.67 428.802.00      11.86 435.60
Middlesex FOB1.97 2.04 2.09 2.12      11.69 429.532.06      11.92 437.80


TRANSFER
Hamilton     2.25                     11.97 439.82 N/A
Prescott     2.07                     11.79 433.212.04      11.90 437.07

Toledo El.   -0.46                     9.26 340.29-0.38      9.47 348.10


Exchange rate was 1.2745 down 0.0023
Chicago wheat closed narrowly mixed.
DEC17      HI     4.24  1/2             JUL18   HI      4.65  3/4
           LOW    4.19  1/2                     LOW        4.62
           CLOSE  4.21  1/2  Up 1 1/2           CLOSE   4.62  3/4  Down  3/4

Minni wheat closed slightly to moderately higher.
DEC17      HI     6.30  3/4             SEP18   HI      6.39  1/2
           LOW        6.24                      LOW     6.36  1/4
           CLOSE  6.30  1/4  Up 5 1/2           CLOSE   6.37  3/4  Up  1/2

GFO Cash Wheat Prices - DEL Terminal
Harvest 17        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 0.77          1.03            0.90          0.58
CAD $/bu              4.99          5.24            5.12          6.89
CAD $/tonne         183.33        192.70          188.02        252.99


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    0.75    N/A
London      0.90    0.96   0.90    N/A    0.94    0.88   0.75    N/A
Hensall     0.90    N/A    0.90    N/A    0.95    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    0.90   0.90   0.25    0.95    0.75   0.75   0.35
Essex        N/A    N/A     N/A    N/A    N/A     N/A    0.74    N/A
Norwich     0.90    N/A    0.90    N/A    0.95    N/A    0.75    N/A
Port Hope    N/A    0.90   0.90    N/A    N/A     0.75   0.75    N/A
Kent Bridge 0.90    N/A    0.90    N/A    0.95    N/A    0.75    N/A
Chatham      N/A    N/A    0.90    N/A    N/A     N/A    0.75    N/A
Brigden      N/A    N/A    0.90    N/A    N/A     N/A    0.75    N/A
Palmerston   N/A    0.60   0.85   0.25    N/A     0.65   0.75   0.35
Varna       1.20    0.90   0.90    N/A    0.95    0.75   0.75    N/A
Mitchell    0.90    0.90   0.90    N/A    0.95    0.75   0.75    N/A
Thornton     N/A    N/A     N/A   0.02    N/A     N/A     N/A    N/A
North Gower  N/A    0.75   0.75   0.50    N/A     0.90   0.90   0.25
W O Feed                   1.50


PROCESSORS
Toledo FM    N/A    N/A    1.56    N/A    N/A     N/A    1.25    N/A

Toledo El. 4.17US         5.31CA         4.48US         5.69CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 18        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 0.87          0.87            0.81          0.33
CAD $/bu              5.50          5.50            5.44          6.71
CAD $/tonne         202.11        202.11          199.77        246.48

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

FEED GRAINS
FOB Hm Soymeal             455.81
DDG's FOB Srn & Aylm      140.00 - 145.00