FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, December 11
Exchange rate was 1.317 down 0.0064
Chicago soybeans closed slightly lower.

       JAN20   HI 9.02                NOV20    HI 9.46  3/4
              LOW 8.92                        LOW 9.39  1/4
             CLOSE8.93  1/2  Down 7 3/4     CLOSE 9.41   Down 5 3/4

             OLD CROP                             NEW CROP
Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt
ELEVATORS         +JAN2+MAR2+MAR20
CK Low       2.27                     11.21 411.712.20      11.61 426.59
CK High      2.30                     11.24 412.822.25      11.66 428.43
CK Average   2.30                -0.4111.23 412.632.24 -0.5711.65 428.13
Essex Cty    2.25                     11.19 410.982.25      11.66 428.43
Mdsx Low     2.25                     11.19 410.982.23      11.64 427.70
Mdsx High    2.30                     11.24 412.822.25      11.66 428.43
Mdsx Average 2.28                -0.4211.21 411.902.24 -0.5711.65 428.06
Hensall      2.30                     11.24 412.822.25      11.66 428.43
Bruce        2.30                     11.24 412.822.25      11.66 428.43
Putnam       2.30                     11.24 412.822.25      11.66 428.43
Burford      2.32                     11.26 413.552.30      11.71 430.27
Port Perry   2.27                     11.21 411.712.25      11.66 428.43
Norfolk      2.30                     11.24 412.822.25      11.66 428.43
Palmerston   2.19                     11.13 408.772.25      11.66 428.43
Varna        2.30                     11.24 412.822.25      11.66 428.43
Trenton      2.30                     11.24 412.822.25      11.66 428.43
Winchester   2.25                     11.19 410.982.20      11.61 426.59
North Gower  2.23                     11.17 410.242.22      11.63 427.33
Huron FOB    2.45                     11.39 418.332.35      11.76 432.11
Kent FOB     2.45                     11.39 418.332.25      11.66 428.43
Lambton FOB  2.50                     11.44 420.162.30      11.71 430.27
Middlesex FOB2.50 2.37 2.34  N/A      11.44 420.162.37      11.78 432.84

PROCESSORS
Windsor      2.73                     11.67 428.622.42      11.83 434.68

TRANSFER
Hamilton     2.90                     11.84 434.862.65      12.06 443.13
Prescott      N/A                                 2.25      11.66 428.43
Port Colborne2.78                     11.72 430.452.78      12.19 447.91

Toledo El.   -0.03                     8.91 327.34-0.46      8.95 328.80


Exchange rate was 1.317 down 0.0064
Chicago wheat closed slightly lower.
MAR20      HI     5.23  1/2             JUL20   HI      5.29  3/4
           LOW    5.16  3/4                     LOW     5.23  1/4
           CLOSE  5.19  1/4  Down 4 1/2         CLOSE   5.26   Down 3 3/4

Minni wheat closed narrowly mixed.
MAR20      HI         5.20              SEP20   HI      5.45  1/2
           LOW    5.15  1/2                     LOW     5.44  1/4
           CLOSE  5.18  1/4  Up  1/4            CLOSE   5.45   Down  1/4

GFO Cash Wheat Prices - DEL Terminal
Harvest 19        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 2.11          2.30            1.98          1.25
CAD $/bu              7.30          7.50            7.17          6.43
CAD $/tonne         268.21        275.47          263.37        236.27


Direct MarkHarvest 2019                 Harvest 2020
           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    1.85    N/A    N/A     N/A    1.25    N/A
London      1.81    2.21   1.68    N/A    1.37    1.63   1.17    N/A
Hensall     1.85    N/A    1.85    N/A    1.40    N/A    1.25    N/A
Trenton      N/A    N/A     N/A    N/A    N/A     N/A    1.40    N/A
Bruce       1.75    2.15   1.75   1.65    1.40    1.60   1.20   1.10
Essex        N/A    N/A    1.75    N/A    N/A     N/A    1.20    N/A
Norwich     1.85    N/A    1.85    N/A    1.40    N/A    1.25    N/A
Port Hope    N/A    N/A    1.80    N/A    N/A     N/A    1.40    N/A
Kent Bridge 1.85    N/A    1.85    N/A    1.40    N/A    1.25    N/A
Chatham      N/A    N/A    1.75    N/A    N/A     N/A    1.20    N/A
Brigden      N/A    N/A    1.75    N/A    N/A     N/A    1.20    N/A
Palmerston   N/A    N/A    1.71   1.31    N/A     N/A    1.23   0.95
Varna       1.85    2.15   1.75    N/A    1.40    1.60   1.20    N/A
Mitchell    1.85    2.20   1.85    N/A    1.40    1.65   1.25    N/A
Thornton     N/A    N/A     N/A   1.76    N/A     N/A     N/A    N/A
North Gower  N/A    1.75   1.75   1.00    N/A     1.67   1.47   0.90
W O Feed                   2.33

TERMINAL
Port Colbor  N/A    N/A    2.09    N/A    N/A     N/A    1.57    N/A

PROCESSORS
Toledo FM    N/A    N/A    2.04    N/A    N/A     N/A    1.67    N/A

Toledo El. 5.34US         7.04CA        5.36US          7.07CA

GFO Contract Wheat Prices - DEL Terminal
Harvest 20        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)
Basis                 1.48          1.74            1.41          0.94
CAD $/bu              6.74          7.00            6.67          6.39
CAD $/tonne         247.54        257.23          245.12        234.95

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

FEED GRAINS
FOB Hm Soymeal            474.00
DDG's FOB Srn & Aylm      210.00 - 215.00