FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, May 24
Bank of Canada Noon exchange rate was 1.0323 up 0.0013
Chicago soybeans closed mixed.

       JUL13   HI 15.05  3/4          NOV13    HI 12.50
              LOW 14.71  1/4                  LOW 12.39  1/4
             CLOSE14.76  1/4  Down 23 1/4   CLOSE 12.47  3/4  Up 4 3/4

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt Adj.  $/bu  $/mt BasisAdj.  $/bu  $/mt
ELEVATORS         +JUL1+JUL1+AUG13
CK Low       0.52                     15.28 561.54-0.50     11.98 440.10
CK High      0.65                     15.41 566.31-0.35     12.13 445.61
CK Average   0.57                0.09 15.33 563.25-0.45-0.8512.03 441.93
Essex Cty    0.64                     15.40 565.94-0.23     12.25 450.02
Mdsx Low     0.54                     15.30 562.27-0.45     12.03 441.93
Mdsx High    0.55                     15.31 562.64-0.44     12.04 442.30
Mdsx Average 0.55                0.07 15.31 562.45-0.45-0.8512.03 442.12
Hensall      0.58                     15.34 563.56-0.43     12.05 442.85
Bruce        0.55                     15.31 562.64-0.45     12.03 441.93
Putnam        N/A                                 -0.50     11.98 440.10
Burford      0.57                     15.33 563.37-0.45     12.03 441.93
Port Perry   0.56                     15.32 563.01-0.42     12.06 443.04
Norfolk      0.57                     15.33 563.37-0.40     12.08 443.77
Palmerston   0.60                     15.36 564.48-0.40     12.08 443.77
Varna        0.60                     15.36 564.48-0.40     12.08 443.77
Trenton      0.45                     15.21 558.96-0.45     12.03 441.93
Winchester   0.42                     15.18 557.86-0.34     12.14 445.98
North Gower  0.46                     15.22 559.33-0.28     12.20 448.18
Huron FOB    0.72                     15.48 568.88-0.30     12.18 447.45
Kent FOB     0.52                     15.28 561.54-0.45     12.03 441.93
Lambton FOB  0.52                     15.28 561.54-0.45     12.03 441.93
Middlesex FOB0.63 0.63 0.63  N/A      15.39 565.58-0.30     12.18 447.45

PROCESSORS
Hamilton     0.98 0.99  N/A  N/A      15.74 578.440.07      12.55 461.04
Windsor      0.87 0.82 0.83  N/A      15.63 574.400.00      12.48 458.47
Winchester    N/A                                  N/A

TRANSFER
Hamilton     0.85  N/A  N/A  N/A      15.61 573.660.10      12.58 462.14
Pt. Stanley   N/A                                  N/A
Sarnia        N/A                                  N/A
Owen Sound    N/A                                  N/A
Sorel QC     0.00                     14.76 542.430.55      13.03 478.68

Toledo El.   0.18                     14.94 548.88-0.39     12.09 444.05


Bank of Canada Noon exchange rate was 1.0323 up 0.0013
Chicago wheat closed slightly lower.
JUL13      HI     7.07  1/2             JUL13   HI      7.07  1/2
           LOW    6.96  1/4                     LOW     6.96  1/4
           CLOSE  6.97  1/2  Down 5 3/4         CLOSE   6.97  1/2  Down 5 3/4

Minni wheat closed slightly lower.
JUL13      HI     8.15  3/4             SEP13   HI         8.06
           LOW        8.05                      LOW     7.98  1/2
           CLOSE  8.05  3/4  Down 7 1/2         CLOSE   7.99  1/4  Down 5 3/4

GFO Cash Wheat Prices - DEL Terminal
Current Crop 12   Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                -0.55         -0.44           -0.55         -0.73
CAD $/bu              6.43          6.53            6.43          7.33
CAD $/tonne         236.14        239.94          236.14        269.24


Direct MarkHarvest 2012                 Harvest 2013
           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    -0.50   N/A    N/A    -0.90   -1.05   N/A
London      -0.18  -0.53   -0.58   N/A   -0.53   -0.84   -1.00   N/A
Hensall     -0.45   N/A    -0.50   N/A   -0.60    N/A    -1.05   N/A
Trenton      N/A    N/A     N/A    N/A    N/A     N/A    -1.18   N/A
Winchester   N/A    N/A     N/A    N/A    N/A     N/A     N/A   -0.88
Essex        N/A    N/A    -0.59   N/A    N/A     N/A    -0.99   N/A
Norwich     -0.45   N/A    -0.50   N/A   -0.60    N/A    -1.05   N/A
Mt. Elgin    N/A    N/A     N/A    N/A    N/A     N/A     N/A    N/A
Kent Bridge -0.55   N/A    -0.55   N/A   -0.65    N/A    -1.05   N/A
Chatham      N/A   -0.48   -0.53   N/A    N/A    -0.93   -0.98   N/A
Brigden      N/A   -0.48   -0.53   N/A    N/A    -0.93   -0.98   N/A
Palmerston   N/A   -0.38   -0.51  -0.35   N/A    -0.65   -1.11  -0.64
Varna       -0.45  -0.50   -0.50   N/A   -0.60   -0.90   -1.00   N/A
Mitchell    -0.45  -0.55   -0.50   N/A   -0.60   -0.90   -1.05   N/A
Thornton     N/A    N/A     N/A   -1.06   N/A     N/A     N/A    N/A
North Gower  N/A    N/A     N/A   -0.74   N/A     N/A     N/A   -0.68

TERMINAL
Sarnia       N/A    N/A     N/A    N/A    N/A     N/A     N/A    N/A
Hamilton     N/A    N/A    -0.15   N/A    N/A     N/A    -0.62   N/A
Pt. Stanley  N/A    N/A     N/A    N/A    N/A     N/A     N/A    N/A

PROCESSORS
Toledo FM  N/A    N/A        0.17N/A        0.54N/A        0.12N/A

Toledo El. 6.85US         7.07CA        6.85US          7.07CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 13        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                -0.19         -0.19           -0.65         -0.67
CAD $/bu              6.79          6.79            6.32          7.32
CAD $/tonne         249.42        249.42          232.35        269.05

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

FEED GRAINS
Bayport Wheat             340.00 - 347.00
Bayport Oats              315.00
Bayport Barley            320.00
FOB Hm Soymeal            545.87 - 560.20
DDG's FOB Srn & Aylm       250.00