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FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, May 25
Exchange rate was 1.2974 up 0.0093
Chicago soybeans closed slightly higher.

       JUL18   HI 10.44               NOV18    HI 10.55  3/4
              LOW 10.35  1/2                  LOW 10.47
             CLOSE10.41  1/2  Up 5 3/4      CLOSE 10.53  1/2  Up 6

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt
ELEVATORS         +JUL1+JUL1+SEP18
CK Low       2.50                     12.92 474.552.50      13.04 478.95
CK High      2.60                     13.02 478.222.55      13.09 480.79
CK Average   2.56                -0.4212.97 476.632.53 -0.4713.06 479.87
Essex Cty    2.55                     12.97 476.382.45      12.99 477.12
Mdsx Low     2.55                     12.97 476.382.50      13.04 478.95
Mdsx High    2.59                     13.01 477.852.55      13.09 480.79
Mdsx Average 2.57                -0.4112.99 477.122.53 -0.4713.06 479.87
Hensall      2.55                     12.97 476.382.55      13.09 480.79
Bruce        2.55                     12.97 476.382.50      13.04 478.95
Putnam       2.50                     12.92 474.552.50      13.04 478.95
Burford      2.66                     13.08 480.422.57      13.11 481.53
Port Perry   2.56                     12.98 476.752.47      13.01 477.85
Norfolk      2.60                     13.02 478.222.55      13.09 480.79
Palmerston   2.55                     12.97 476.382.60      13.14 482.63
Varna        2.55                     12.97 476.382.55      13.09 480.79
Trenton      2.50                     12.92 474.552.50      13.04 478.95
Winchester   2.39                     12.81 470.502.53      13.07 480.06
North Gower  2.38                     12.80 470.142.47      13.01 477.85
Huron FOB    2.65                     13.07 480.062.65      13.19 484.47
Kent FOB     2.75                     13.17 483.732.55      13.09 480.79
Lambton FOB  2.65                     13.07 480.062.60      13.14 482.63
Middlesex FOB2.76 2.80 2.80  N/A      13.18 484.102.61      13.15 483.00

PROCESSORS
Windsor      3.03                     13.45 494.022.88      13.42 492.92

TRANSFER
Hamilton      N/A                                 2.85      13.39 491.81
Prescott     2.51                     12.93 474.912.92      13.46 494.39

Toledo El.   -0.26                    10.16 373.15-0.32     10.21 375.18


Exchange rate was 1.2974 up 0.0093
Chicago wheat closed higher.
JUL18      HI     5.44  3/4             JUL18   HI      5.44  3/4
           LOW    5.28  1/4                     LOW     5.28  1/4
           CLOSE  5.43   Up 12 3/4              CLOSE   5.43   Up 12 3/4

Minni wheat closed moderately higher.
JUL18      HI     6.46  1/2             SEP18   HI         6.50
           LOW        6.33                      LOW     6.38  3/4
           CLOSE  6.44  1/4  Up 9 1/2           CLOSE   6.48  3/4  Up 9

GFO Cash Wheat Prices - DEL Terminal
Harvest 17        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.51          1.45            1.25          0.49
CAD $/bu              6.94          6.88            6.68          6.93
CAD $/tonne         255.05        252.67          245.51        254.69


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      1.20    1.46   1.00    N/A    1.25    1.25   1.06    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    1.05    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       1.25    1.15   0.95    N/A    1.25    1.25   1.05    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   0.90    N/A     N/A     N/A    N/A
North Gower  N/A    1.16   0.97   0.21    N/A     1.45   1.39   0.38
W O Feed                   1.53


PROCESSORS
Toledo FM    N/A    N/A    1.81    N/A    N/A     N/A    1.81    N/A

Toledo El. 5.53US         7.17CA         5.53US         7.17CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 18        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.49          1.42            1.36          0.50
CAD $/bu              6.92          6.85            6.79          6.99
CAD $/tonne         254.10        251.71          249.33        256.84

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

FEED GRAINS
FOB Hm Soymeal             576.85
DDG's FOB Srn & Aylm      260.00 - 265.00

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