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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Thu, December 14
Exchange rate was 1.2738 down 0.0101
Chicago soybeans closed slightly to moderately lower.

       JAN18   HI 9.81                NOV18    HI 9.98  1/2
              LOW 9.66  1/2                   LOW 9.87  1/2
             CLOSE9.67  3/4  Down 11 1/2    CLOSE 9.87  1/2  Down 10 1/2

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt
ELEVATORS         +JAN1+MAR1+MAR18
CK Low       1.89                     11.57 425.031.91      11.79 433.02
CK High      2.00                     11.68 429.072.05      11.93 438.17
CK Average   1.97                -0.5311.65 428.091.99 -0.5411.87 436.09
Essex Cty    1.95                     11.63 427.241.95      11.83 434.49
Mdsx Low     1.89                     11.57 425.031.91      11.79 433.02
Mdsx High    2.00                     11.68 429.072.05      11.93 438.17
Mdsx Average 1.95                -0.5511.62 427.051.98 -0.5511.86 435.60
Hensall      2.00                     11.68 429.072.05      11.93 438.17
Bruce        2.00                     11.68 429.072.00      11.88 436.33
Putnam       2.00                     11.68 429.072.05      11.93 438.17
Burford      1.96                     11.64 427.601.98      11.86 435.60
Port Perry   1.86                     11.54 423.931.88      11.76 431.92
Norfolk      2.00                     11.68 429.072.05      11.93 438.17
Palmerston   2.05                     11.73 430.912.00      11.88 436.33
Varna        2.00                     11.68 429.072.05      11.93 438.17
Trenton      1.95                     11.63 427.242.00      11.88 436.33
Winchester   1.97                     11.65 427.972.02      11.90 437.07
North Gower  1.91                     11.59 425.771.92      11.80 433.39
Huron FOB    2.10                     11.78 432.752.05      11.93 438.17
Kent FOB     2.05                     11.73 430.912.00      11.88 436.33
Lambton FOB  2.05                     11.73 430.912.20      12.08 443.68
Middlesex FOB2.06 2.13 2.14 2.21      11.74 431.282.15      12.03 441.84


TRANSFER
Hamilton     2.35                     12.03 441.93 N/A
Prescott     2.08                     11.76 432.012.19      12.07 443.31

Toledo El.   -0.25                     9.42 346.23-0.38      9.49 348.82


Exchange rate was 1.2738 down 0.0101
Chicago wheat closed slightly higher.
MAR18      HI     4.20  3/4             JUL18   HI      4.46  3/4
           LOW        4.16                      LOW        4.42
           CLOSE  4.18  1/4  Up 1 1/2           CLOSE   4.43  1/2  Up 1

Minni wheat closed slightly higher.
MAR18      HI     6.22  1/4             SEP18   HI         6.28
           LOW    6.11  3/4                     LOW     6.21  1/2
           CLOSE  6.17   Up 4 1/2               CLOSE   6.23   Up 1 1/4

GFO Cash Wheat Prices - DEL Terminal
Harvest 17        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 0.57          0.83            0.70          0.35
CAD $/bu              4.75          5.01            4.88          6.52
CAD $/tonne         174.70        184.06          179.38        239.64


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    0.80    N/A    N/A     N/A    0.75    N/A
London      0.86    1.05   0.86    N/A    0.93    0.87   0.74    N/A
Hensall     0.90    N/A    0.80    N/A    1.00    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    0.80   0.80   0.10    1.00    0.75   0.75   0.30
Essex        N/A    N/A    0.65    N/A    N/A     N/A    0.70    N/A
Norwich     0.90    N/A    0.80    N/A    1.00    N/A    0.75    N/A
Port Hope    N/A    1.00   0.80    N/A    N/A     0.75   0.75    N/A
Kent Bridge 0.90    N/A    0.80    N/A    1.00    N/A    0.75    N/A
Chatham      N/A    N/A    0.80    N/A    N/A     N/A    0.75    N/A
Brigden      N/A    N/A    0.80    N/A    N/A     N/A    0.75    N/A
Palmerston   N/A    0.80   0.75   0.25    N/A     0.65   0.70   0.35
Varna       1.10    0.80   0.80    N/A    0.95    0.75   0.75    N/A
Mitchell    0.90    0.80   0.80    N/A    1.00    0.75   0.75    N/A
Thornton     N/A    N/A     N/A   0.15    N/A     N/A     N/A    N/A
North Gower  N/A    0.60   0.60   0.30    N/A     0.94   0.84   0.20
W O Feed                   1.44


PROCESSORS
Toledo FM    N/A    N/A    1.27    N/A    N/A     N/A    1.08    N/A

Toledo El. 3.93US         5.01CA         4.29US         5.45CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 18        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 0.82          0.82            0.76          0.30
CAD $/bu              5.26          5.26            5.20          6.53
CAD $/tonne         193.25        193.25          190.92        239.75

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

FEED GRAINS
FOB Hm Soymeal             466.95
DDG's FOB Srn & Aylm      170.00 - 185.00