FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Mon, May 20
Bank of Canada Noon exchange rate was 1.0269 up 0.0000
Chicago soybeans closed mixed.

       JUL13   HI 14.66               NOV13    HI 12.29
              LOW 14.43  1/4                  LOW 12.10  3/4
             CLOSE14.64  1/2  Up 16         CLOSE 12.25   Down 3 1/4

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt Adj.  $/bu  $/mt BasisAdj.  $/bu  $/mt
ELEVATORS         +JUL1+SEP1+JUL13
CK Low       0.80                     15.45 567.51-0.50     11.75 431.74
CK High      0.91                     15.56 571.55-0.41     11.84 435.05
CK Average   0.88                0.53 15.52 570.32-0.45-0.7411.80 433.51
Essex Cty    1.02                     15.67 575.59-0.29     11.96 439.45
Mdsx Low     0.87                     15.52 570.08-0.43     11.82 434.31
Mdsx High    0.90                     15.55 571.18-0.40     11.85 435.41
Mdsx Average 0.89                0.54 15.53 570.63-0.42-0.7011.84 434.86
Hensall      0.90                     15.55 571.18-0.40     11.85 435.41
Bruce        0.75                     15.40 565.67-0.50     11.75 431.74
Putnam        N/A                                 -0.50     11.75 431.74
Burford      0.87                     15.52 570.08-0.43     11.82 434.31
Port Perry   0.86                     15.51 569.71-0.41     11.84 435.05
Norfolk      0.91                     15.56 571.55-0.40     11.85 435.41
Palmerston   0.75                     15.40 565.67-0.55     11.70 429.90
Varna        0.75                     15.40 565.67-0.55     11.70 429.90
Trenton      0.70                     15.35 563.83-0.55     11.70 429.90
Winchester   0.71                     15.36 564.20-0.30     11.95 439.09
North Gower  0.91                     15.56 571.55-0.34     11.91 437.62
Huron FOB    1.02                     15.67 575.59-0.30     11.95 439.09
Kent FOB     0.91                     15.56 571.55-0.45     11.80 433.58
Lambton FOB  0.91                     15.56 571.55-0.45     11.80 433.58
Middlesex FOB0.98 1.02 1.02  N/A      15.63 574.12-0.32     11.93 438.35

PROCESSORS
Hamilton     1.30 1.35  N/A  N/A      15.95 585.880.05      12.30 451.95
Windsor      1.24 1.21 1.22  N/A      15.89 583.67-0.06     12.19 447.91
Winchester    N/A                                  N/A

TRANSFER
Hamilton     1.25  N/A  N/A  N/A      15.90 584.040.00      12.25 450.11
Pt. Stanley   N/A                                  N/A
Sarnia        N/A                                  N/A
Owen Sound    N/A                                  N/A
Sorel QC      N/A                                 0.48      12.73 467.75

Toledo El.   0.58                     15.23 559.55-0.39     11.86 435.82


Bank of Canada Noon exchange rate was 1.0269 up 0.0000
Chicago wheat closed slightly higher.
JUL13      HI     6.88  1/2             JUL13   HI      6.88  1/2
           LOW    6.74  1/2                     LOW     6.74  1/2
           CLOSE  6.85  1/4  Up 2               CLOSE   6.85  1/4  Up 2

Minni wheat closed slightly higher.
JUL13      HI         8.13              SEP13   HI         8.00
           LOW    8.00  1/4                     LOW        7.91
           CLOSE  8.11  1/4  Up 7 1/2           CLOSE   7.99  1/4  Up 4 1/4

GFO Cash Wheat Prices - DEL Terminal
Current Crop 12   Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                -0.61         -0.50           -0.61         -0.79
CAD $/bu              6.25          6.35            6.25          7.32
CAD $/tonne         229.53        233.29          229.53        269.02


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    -0.60   N/A    N/A    -0.95   -1.10   N/A
London      -0.48  -0.53   -0.48   N/A   -0.53   -0.84   -0.95   N/A
Hensall     -0.55   N/A    -0.50   N/A   -0.65    N/A    -1.10   N/A
Trenton      N/A    N/A     N/A    N/A    N/A     N/A    -1.15   N/A
Winchester   N/A    N/A     N/A    N/A    N/A     N/A     N/A   -0.88
Essex        N/A    N/A    -0.62   N/A    N/A     N/A    -0.97   N/A
Norwich     -0.55   N/A    -0.50   N/A   -0.65    N/A    -1.10   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    -1.10   N/A
Chatham      N/A   -0.51   -0.56   N/A    N/A    -0.95   -1.00   N/A
Brigden      N/A   -0.51   -0.56   N/A    N/A    -0.95   -1.00   N/A
Palmerston   N/A   -0.49   -0.61  -0.50   N/A    -0.75   -1.10  -0.75
Varna       -0.50  -0.60   -0.60   N/A   -0.65   -0.95   -1.05   N/A
Mitchell    -0.55  -0.60   -0.50   N/A   -0.65   -0.95   -1.10   N/A
Thornton     N/A    N/A     N/A   -1.22   N/A     N/A     N/A    N/A
North Gower  N/A    N/A     N/A   -0.84   N/A     N/A     N/A   -0.78

TERMINAL
Sarnia       N/A    N/A     N/A    N/A    N/A     N/A     N/A    N/A
Hamilton     N/A    N/A    -0.07   N/A    N/A     N/A    -0.65   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        0.11N/A        0.47N/A        0.06N/A

Toledo El. 6.72US         6.88CA        6.72US          6.88CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 13        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                -0.25         -0.25           -0.71         -0.73
CAD $/bu              6.61          6.61            6.14          7.26
CAD $/tonne         242.70        242.70          225.77        266.77

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

FEED GRAINS
Bayport Wheat             347.00 - 350.00
Bayport Oats              335.00
Bayport Barley            310.00
FOB Hm Soymeal            543.78 - 555.91
DDG's FOB Srn, Wndr, Aylm  250.00