FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, July 15
Exchange rate was 1.3503 down 0.0113
Chicago soybeans closed slightly higher.

      AUG20   HI 8.87  1/2               NOV20     HI 8.84
             LOW 8.77  1/2                        LOW 8.76  1/2
            CLOSE8.86  1/4  Up 8 1/4            CLOSE 8.82  3/4  Up 5 1/4

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +AUG20+NOV20+NOV20
CK Low      2.70                         11.56 424.85  2.55        11.38 418.05
CK High     2.80                         11.66 428.52  2.65        11.48 421.73
CK Average  2.78                   -0.24 11.64 427.85  2.61 -0.39  11.44 420.19
Essex Cty   2.80                         11.66 428.52  2.60        11.43 419.89
Mdsx Low    2.77                         11.63 427.42  2.53        11.36 417.32
Mdsx High   2.80                         11.66 428.52  2.65        11.48 421.73
Mdsx Average2.79                   -0.24 11.65 427.97  2.59 -0.41  11.42 419.52
Hensall     2.80                         11.66 428.52  2.62        11.44 420.50
Bruce       2.80                         11.66 428.52  2.60        11.43 419.89
Putnam      2.80                         11.66 428.52  2.65        11.48 421.73
Burford     2.84                         11.70 429.99  2.60        11.43 419.89
Port Perry  2.79                         11.65 428.16  2.55        11.38 418.05
Norfolk     2.80                         11.66 428.52  2.65        11.48 421.73
Palmerston  2.82                         11.68 429.26  2.59        11.42 419.52
Varna       2.80                         11.66 428.52  2.60        11.43 419.89
Trenton     2.80                         11.66 428.52  2.60        11.43 419.89
Winchester  2.75                         11.61 426.69  2.65        11.48 421.73
North Gower 2.75                         11.61 426.69  2.67        11.50 422.46
Vankleek Hil N/A                                       2.91        11.74 431.28
Huron FOB   2.81                         11.67 428.89  2.63        11.46 420.99
Kent FOB    2.90                         11.76 432.20  2.60        11.43 419.89
Lambton FOB 2.85                         11.71 430.36  2.75        11.58 425.40
Mdsx FOB    2.80  3.00  N/A   N/A        11.66 428.52  2.72        11.55 424.30

PROCESSORS
Windsor     3.06                         11.92 438.08  2.82        11.65 427.97

TRANSFER
Hamilton    3.30                         12.16 446.90  3.10        11.93 438.26
Prescott     N/A                                       2.99        11.82 434.22
Port Colborn3.14                         12.00 441.02  3.13        11.96 439.36

Toledo El.  0.00                          8.86 325.64 -0.34        8.49  311.90


Exchange rate was 1.3503 down 0.0113
Chicago wheat closed moderately to sharply higher.
SEP20      HI     5.51  3/4             JUL21   HI         5.54
           LOW    5.26  3/4                     LOW        5.38
           CLOSE  5.50  3/4  Up 24              CLOSE   5.53   Up 14 3/4

Minni wheat closed moderately higher.
SEP20      HI     5.28  1/4             SEP21   HI      5.72  1/2
           LOW    5.16  3/4                     LOW        5.70
           CLOSE  5.27  3/4  Up 9               CLOSE   5.72  1/4  Up 7

GFO Cash Wheat Prices - DEL Terminal
Harvest 20        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.66          1.93            1.66          1.24
CAD $/bu              7.17          7.44            7.17          6.52
CAD $/tonne         263.34        273.26          263.34        239.53


Direct MarkHarvest 2020                 Harvest 2021
           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    1.20    N/A    N/A     N/A    1.20    N/A
London      1.34    1.61   1.14    N/A    1.58    1.64   1.17    N/A
Hensall     1.35    N/A    1.20    N/A    1.30    N/A    1.15    N/A
Trenton      N/A    N/A    1.20    N/A    N/A     N/A    1.20    N/A
Bruce       1.30    1.60   1.20   0.95    1.25    1.55   1.15    N/A
Essex        N/A    N/A    1.20    N/A    N/A     N/A    1.20    N/A
Norwich     1.35    N/A    1.20    N/A    1.30    N/A    1.15    N/A
Port Hope    N/A    N/A    1.20    N/A    N/A     N/A    1.20    N/A
Kent Bridge 1.35    N/A    1.20    N/A    1.30    N/A    1.15    N/A
Chatham      N/A    N/A    1.20    N/A    N/A     N/A    1.20    N/A
Brigden      N/A    N/A    1.20    N/A    N/A     N/A    1.20    N/A
Palmerston   N/A    1.66   1.19   1.18    N/A     1.83   1.35   0.91
Varna       1.45    1.60   1.20    N/A    1.40    1.55   1.15    N/A
Mitchell    1.35    1.55   1.20    N/A    1.30    1.50   1.15    N/A
Thornton     N/A    N/A     N/A   1.37    N/A     N/A     N/A    N/A
North Gower  N/A    1.55   1.38   1.12    N/A     1.63   1.37   1.00
W O Feed                   1.94

TERMINAL
Port Colbor  N/A    N/A    1.61    N/A    N/A     N/A    1.57    N/A

PROCESSORS
Toledo FM    N/A    N/A    2.20    N/A    N/A     N/A     N/A    N/A

Toledo El. 5.61US         7.57CA        5.48US          7.43CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 21        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.70          1.83            1.63          1.22
CAD $/bu              7.23          7.36            7.16          6.95
CAD $/tonne         265.55        270.53          263.06        255.21

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

FEED GRAINS
FOB Hm Soymeal            475.77
DDG's FOB Srn & Aylm      185.00 - 195.00