FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, May 22
Bank of Canada Noon exchange rate was 1.0333 up 0.0056
Chicago soybeans closed moderately higher.

       JUL13   HI 14.94  3/4          NOV13    HI 12.39  3/4
              LOW 14.70  1/2                  LOW 12.21
             CLOSE14.94  1/4  Up 16         CLOSE 12.38  3/4  Up 18

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt Adj.  $/bu  $/mt BasisAdj.  $/bu  $/mt
ELEVATORS         +JUL1+SEP1+JUL13
CK Low       0.47                     15.41 566.31-0.48     11.91 437.53
CK High      0.93                     15.87 583.21-0.42     11.97 439.73
CK Average   0.80                0.22 15.74 578.32-0.45-0.9311.94 438.63
Essex Cty    0.77                     15.71 577.34-0.17     12.22 448.92
Mdsx Low     0.87                     15.81 581.01-0.45     11.94 438.63
Mdsx High    0.90                     15.84 582.11-0.40     11.99 440.47
Mdsx Average 0.89                0.31 15.83 581.56-0.43-0.9011.96 439.55
Hensall      0.90                     15.84 582.11-0.40     11.99 440.47
Bruce        0.90                     15.84 582.11-0.40     11.99 440.47
Putnam        N/A                                 -0.50     11.89 436.79
Burford      0.87                     15.81 581.01-0.45     11.94 438.63
Port Perry   0.86                     15.80 580.64-0.43     11.96 439.36
Norfolk      0.83                     15.77 579.54-0.43     11.96 439.36
Palmerston   0.85                     15.79 580.28-0.40     11.99 440.47
Varna        0.90                     15.84 582.11-0.40     11.99 440.47
Trenton      0.80                     15.74 578.44-0.50     11.89 436.79
Winchester   0.62                     15.56 571.82-0.25     12.14 445.98
North Gower  0.89                     15.83 581.74-0.28     12.11 444.87
Huron FOB    1.02                     15.96 586.52-0.30     12.09 444.14
Kent FOB     0.78                     15.72 577.70-0.48     11.91 437.53
Lambton FOB  0.78                     15.72 577.70-0.48     11.91 437.53
Middlesex FOB0.93 0.98 1.03  N/A      15.87 583.21-0.29     12.10 444.51

PROCESSORS
Hamilton     1.38 1.39  N/A  N/A      16.32 599.750.14      12.53 460.31
Windsor      1.00 0.94 0.96  N/A      15.94 585.790.06      12.45 457.37
Winchester    N/A                                  N/A

TRANSFER
Hamilton     1.36  N/A  N/A  N/A      16.30 599.010.15      12.54 460.67
Pt. Stanley   N/A                                  N/A
Sarnia        N/A                                  N/A
Owen Sound    N/A                                  N/A
Sorel QC     0.00                     14.94 549.040.62      13.01 477.94

Toledo El.   0.38                     15.33 563.16-0.37     12.01 441.42


Bank of Canada Noon exchange rate was 1.0333 up 0.0056
Chicago wheat closed slightly higher.
JUL13      HI     6.92  3/4             JUL13   HI      6.92  3/4
           LOW        6.80                      LOW        6.80
           CLOSE  6.88  1/2  Up 8               CLOSE   6.88  1/2  Up 8

Minni wheat closed mixed.
JUL13      HI     8.14  3/4             SEP13   HI         8.03
           LOW    8.05  3/4                     LOW     7.95  3/4
           CLOSE  8.07  3/4  Down 5 3/4         CLOSE   7.97  1/4  Up  1/4

GFO Cash Wheat Prices - DEL Terminal
Current Crop 12   Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                -0.51         -0.41           -0.51         -0.68
CAD $/bu              6.37          6.48            6.37          7.39
CAD $/tonne         234.13        237.95          234.13        271.63


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    -0.95   -1.05   N/A
London      -0.48  -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    -1.17   N/A
Winchester   N/A    N/A     N/A    N/A    N/A     N/A     N/A   -0.88
Essex        N/A    N/A    -0.56   N/A    N/A     N/A    -0.97   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   -0.51   -0.53   N/A    N/A    -0.95   -0.97   N/A
Brigden      N/A   -0.51   -0.53   N/A    N/A    -0.95   -0.97   N/A
Palmerston   N/A   -0.40   -0.52  -0.39   N/A    -0.67   -1.02  -0.65
Varna       -0.45  -0.55   -0.55   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   -1.19   N/A     N/A     N/A    N/A
North Gower  N/A    N/A     N/A   -0.76   N/A     N/A     N/A   -0.70

TERMINAL
Sarnia       N/A    N/A     N/A    N/A    N/A     N/A     N/A    N/A
Hamilton     N/A    N/A    0.00    N/A    N/A     N/A    -0.58   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        0.21N/A        0.58N/A        0.16N/A

Toledo El. 6.76US         7.02CA        6.76US          7.02CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 13        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                -0.15         -0.15           -0.62         -0.63
CAD $/bu              6.74          6.74            6.27          7.35
CAD $/tonne         247.49        247.49          230.32        269.91

(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            559.54 - 568.36
DDG's FOB Srn, Wndr, Aylm  250.00