FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, May 17
Exchange rate was 1.3433 down 0.0023
Chicago soybeans closed moderately lower.

       JUL19   HI 8.41  3/4           NOV19    HI 8.66  1/2
              LOW 8.20  1/2                   LOW 8.46
             CLOSE8.21  3/4  Down 18        CLOSE 8.47  1/4  Down 17 1/2

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt
ELEVATORS         +JUL1+JUL1+AUG19
CK Low       1.97                     10.19 374.332.00      10.47 384.80
CK High      2.05                     10.27 377.272.01      10.48 385.17
CK Average   2.04                -0.5810.25 376.782.00 -0.6810.47 384.86
Essex Cty    2.05                     10.27 377.272.00      10.47 384.80
Mdsx Low     1.92                     10.14 372.491.96      10.43 383.33
Mdsx High    2.05                     10.27 377.272.00      10.47 384.80
Mdsx Average 1.99                -0.6210.20 374.881.98 -0.6910.45 384.06
Hensall      2.05                     10.27 377.272.00      10.47 384.80
Bruce        2.05                     10.27 377.272.00      10.47 384.80
Putnam       2.05                     10.27 377.272.00      10.47 384.80
Burford      1.97                     10.19 374.332.01      10.48 385.17
Port Perry   1.94                     10.16 373.221.98      10.45 384.06
Norfolk      2.05                     10.27 377.272.00      10.47 384.80
Palmerston   1.95                     10.17 373.591.95      10.42 382.96
Varna        2.00                     10.22 375.431.95      10.42 382.96
Trenton      2.00                     10.22 375.432.00      10.47 384.80
Winchester    N/A                                 2.00      10.47 384.80
North Gower  1.99                     10.21 375.061.99      10.46 384.43
Huron FOB    2.15                     10.37 380.942.10      10.57 388.47
Kent FOB     2.25                     10.47 384.612.10      10.57 388.47
Lambton FOB  2.25                     10.47 384.612.15      10.62 390.31
Middlesex FOB2.17 2.24 2.31  N/A      10.39 381.682.01      10.48 385.17

PROCESSORS
Windsor      2.35                     10.57 388.292.24      10.71 393.62

TRANSFER
Hamilton     2.45                     10.67 391.962.40      10.87 399.50
Prescott      N/A                                 2.30      10.77 395.82
Port Colborne N/A                                 2.38      10.85 398.76

Toledo El.   -0.60                     7.61 279.73-0.74      7.73 284.16


Exchange rate was 1.3433 down 0.0023
Chicago wheat closed slightly lower.
JUL19      HI     4.73  1/4             JUL19   HI      4.73  1/4
           LOW    4.62  1/2                     LOW     4.62  1/2
           CLOSE  4.65   Down 2                 CLOSE   4.65   Down 2

Minni wheat closed slightly higher.
JUL19      HI     5.43  3/4             SEP19   HI         5.53
           LOW    5.25  3/4                     LOW     5.34  3/4
           CLOSE  5.27  3/4  Up 1               CLOSE   5.36  3/4  Up 1

GFO Cash Wheat Prices - DEL Terminal
Harvest 18        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.60          1.66            1.46          0.87
CAD $/bu              6.25          6.31            6.11          6.15
CAD $/tonne         229.51        231.98          224.57        225.93


Direct MarkHarvest 2018                 Harvest 2019
           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    1.30    N/A    N/A     N/A    1.30    N/A
London      1.44    1.85   1.37    N/A    1.49    1.83   1.42    N/A
Hensall     1.60    N/A    1.30    N/A    1.60    N/A    1.30    N/A
Trenton      N/A    N/A     N/A    N/A    N/A     N/A    1.30    N/A
Bruce       1.60    1.75   1.25    N/A    1.60    1.70   1.30   1.00
Essex        N/A    N/A    1.25    N/A    N/A     N/A    1.30    N/A
Norwich     1.60    N/A    1.30    N/A    1.60    N/A    1.30    N/A
Port Hope    N/A    N/A     N/A    N/A    N/A     1.60   1.30    N/A
Kent Bridge 1.60    N/A    1.30    N/A    1.60    N/A    1.30    N/A
Chatham      N/A    N/A    1.25    N/A    N/A     N/A    1.30    N/A
Brigden      N/A    N/A    1.25    N/A    N/A     N/A    1.30    N/A
Palmerston   N/A    1.85   1.45   1.10    N/A     1.81   1.41   1.00
Varna       1.50    1.75   1.30    N/A    1.50    1.70   1.30    N/A
Mitchell    1.60    1.60   1.30    N/A    1.60    1.60   1.30    N/A
Thornton     N/A    N/A     N/A   1.36    N/A     N/A     N/A    N/A
North Gower  N/A    1.42   1.20   0.70    N/A     1.81   1.36   0.85
W O Feed                   1.90

TERMINAL
Port Colbor  N/A    N/A     N/A    N/A    1.84    2.18   1.71    N/A

PROCESSORS
Toledo FM    N/A    N/A    1.60    N/A    N/A     N/A    1.60    N/A

Toledo El. 4.53US         6.09CA        4.53US          6.09CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 19        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.66          2.00            1.53          1.10
CAD $/bu              6.31          6.65            6.18          6.47
CAD $/tonne         231.98        244.32          227.04        237.78

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

FEED GRAINS
FOB Hm Soymeal            458.90
DDG's FOB Srn & Aylm      205.00