Headline News

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, June 21
Exchange rate was 1.3289 up 0.0010
Chicago soybeans closed slightly to moderately lower.

       JUL17   HI 9.32  1/2           NOV17    HI 9.42  3/4
              LOW 9.17                        LOW 9.26  1/4
             CLOSE9.18  3/4  Down 9         CLOSE 9.27  3/4  Down 11

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt
ELEVATORS         +JUL1+AUG1+NOV17
CK Low       2.50                     11.69 429.442.10      11.38 418.05
CK High      2.56                     11.75 431.652.25      11.53 423.56
CK Average   2.53                -0.3711.71 430.422.17 -0.6611.45 420.62
Essex Cty    2.50                     11.69 429.442.10      11.38 418.05
Mdsx Low     2.55                     11.74 431.282.17      11.45 420.62
Mdsx High    2.56                     11.75 431.652.20      11.48 421.73
Mdsx Average 2.56                -0.3511.74 431.462.19 -0.6511.46 421.17
Hensall      2.58                     11.76 432.202.23      11.50 422.64
Bruce        2.55                     11.74 431.282.20      11.48 421.73
Putnam       2.55                     11.74 431.282.20      11.48 421.73
Burford      2.63                     11.82 434.222.24      11.52 423.20
Port Perry   2.56                     11.75 431.652.17      11.45 420.62
Norfolk      2.60                     11.79 433.122.25      11.53 423.56
Palmerston   2.50                     11.69 429.442.15      11.43 419.89
Varna        2.60                     11.79 433.122.25      11.53 423.56
Trenton      2.55                     11.74 431.282.25      11.53 423.56
Winchester   2.40                     11.59 425.772.70      11.98 440.10
North Gower  2.38                     11.57 425.032.46      11.74 431.28
Huron FOB    2.75                     11.94 438.632.35      11.63 427.24
Kent FOB     2.70                     11.89 436.792.20      11.48 421.73
Lambton FOB  2.60                     11.79 433.122.35      11.63 427.24
Middlesex FOB2.77 2.73  N/A  N/A      11.96 439.362.40      11.68 429.07

PROCESSORS
Hamilton     3.07 3.00 2.95  N/A      12.26 450.392.75      12.03 441.93
                   N/A  N/A  N/A
TRANSFER
Prescott     2.50                     11.69 429.442.66      11.94 438.63
Sarnia       2.24                     11.43 419.892.63      11.91 437.53

Toledo El.   -0.20                     8.99 330.26-0.60      8.68 318.92


Exchange rate was 1.3289 up 0.0010
Chicago wheat closed moderately lower.
JUL17      HI     4.73  3/4             JUL17   HI      4.73  3/4
           LOW    4.63  1/2                     LOW     4.63  1/2
           CLOSE  4.64  1/2  Down 8             CLOSE   4.64  1/2  Down 8

Minni wheat closed moderately lower.
JUL17      HI         6.60              SEP17   HI      6.63  1/2
           LOW        6.47                      LOW        6.51
           CLOSE  6.48  3/4  Down 7 1/2         CLOSE   6.52  1/2  Down 6 3/4

GFO Cash Wheat Prices - DEL Terminal
Harvest 16        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 0.60          0.60            0.60          0.47
CAD $/bu              5.24          5.24            5.24          6.96
CAD $/tonne         192.63        192.63          192.63        255.74


Direct MarkHarvest 2016                 Harvest 2017
           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    1.05    N/A
London      0.93    0.80   0.93    N/A    1.20    1.00   0.93    N/A
Hensall     0.95    N/A    0.85    N/A    1.10    N/A    0.90    N/A
Trenton      N/A    N/A     N/A    N/A    N/A     N/A    1.05    N/A
Bruce       0.95    0.75   0.85    N/A    1.10    0.90   0.90   0.41
Essex        N/A    N/A    0.87    N/A    N/A     N/A    0.87    N/A
Norwich     0.95    N/A    0.85    N/A    1.10    N/A    0.90    N/A
Port Hope    N/A    N/A     N/A    N/A    N/A     0.95   1.00    N/A
Kent Bridge 0.95    N/A    0.85    N/A    1.10    N/A    0.90    N/A
Chatham      N/A    N/A    0.80    N/A    N/A     N/A    0.90    N/A
Brigden      N/A    N/A    0.80    N/A    N/A     N/A    0.90    N/A
Palmerston   N/A    0.75   0.90   0.45    N/A     0.90   0.90   0.60
Varna       1.00    0.95   0.90    N/A    1.25    0.95   0.95    N/A
Mitchell    0.95    0.85   0.85    N/A    1.10    0.90   0.90    N/A
Thornton     N/A    N/A     N/A   0.02    N/A     N/A     N/A    N/A
North Gower  N/A    0.52   0.52   0.29    N/A     1.33   1.33   0.67
W O Feed                   1.53

TERMINAL
Sarnia      1.52    N/A    1.34    N/A    1.49    N/A    1.40    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        1.46N/A    N/A     N/A        1.46N/A

Toledo El. 4.55US         6.04CA        4.55US          6.04CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 17        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.33          1.26            1.26          0.75
CAD $/bu              5.97          5.91            5.91          7.28
CAD $/tonne         219.49        217.04          217.04        267.34

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

FEED GRAINS
FOB Hm Soymeal            447.44
DDG's FOB Srn & Aylm      170.00 - 175.00