DTN Grain News

FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Fri, December 6 Exchange rate was 1.3261 up 0.0086 Chicago soybeans closed slightly higher. JAN20 HI 8.94 NOV20 HI 9.40 1/4 LOW 8.84 1/2 LOW 9.31 1/2 CLOSE8.89 1/2 Up 5 1/4 CLOSE 9.37 1/2 Up 4 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JAN2+MAR2+MAR20 CK Low 2.25 11.15 409.512.20 11.58 425.31 CK High 2.30 11.20 411.352.25 11.63 427.15 CK Average 2.27 -0.4711.17 410.372.22 -0.6311.59 425.86 Essex Cty 2.25 11.15 409.512.20 11.58 425.31 Mdsx Low 2.25 11.15 409.512.20 11.58 425.31 Mdsx High 2.27 11.17 410.242.22 11.60 426.04 Mdsx Average 2.26 -0.4811.16 409.882.21 -0.6311.59 425.68 Hensall 2.23 11.12 408.592.18 11.55 424.39 Bruce 2.20 11.10 407.672.15 11.53 423.47 Putnam 2.25 11.15 409.512.20 11.58 425.31 Burford 2.34 11.24 412.822.29 11.67 428.62 Port Perry 2.29 11.19 410.982.24 11.62 426.78 Norfolk 2.25 11.15 409.512.20 11.58 425.31 Palmerston 2.23 11.13 408.772.25 11.63 427.15 Varna 2.20 11.10 407.672.15 11.53 423.47 Trenton 2.25 11.15 409.512.20 11.58 425.31 Winchester 2.30 11.20 411.352.20 11.58 425.31 North Gower 2.20 11.10 407.672.20 11.58 425.31 Huron FOB 2.35 11.25 413.182.25 11.63 427.15 Kent FOB 2.40 11.30 415.022.20 11.58 425.31 Lambton FOB 2.50 11.40 418.692.25 11.63 427.15 Middlesex FOB2.56 2.36 N/A N/A 11.46 420.902.30 11.68 428.98 PROCESSORS Windsor N/A 2.53 11.91 437.43 TRANSFER Hamilton 2.80 11.70 429.722.60 11.98 440.01 Prescott N/A N/A Port Colborne2.77 11.67 428.622.64 12.02 441.48 Toledo El. -0.03 8.87 325.86-0.46 8.91 327.44 Exchange rate was 1.3261 up 0.0086 Chicago wheat closed steady to slightly higher. MAR20 HI 5.26 3/4 JUL20 HI 5.32 1/2 LOW 5.19 1/4 LOW 5.25 3/4 CLOSE 5.24 1/2 Up 3/4 CLOSE 5.30 Unchanged Minni wheat closed slightly lower. MAR20 HI 5.18 3/4 SEP20 HI 5.45 1/4 LOW 5.11 1/2 LOW 5.39 1/2 CLOSE 5.12 Down 1 3/4 CLOSE 5.39 1/2 Down 2 1/2 GFO Cash Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 2.17 2.37 2.04 1.27 CAD $/bu 7.42 7.62 7.29 6.39 CAD $/tonne 272.62 279.93 267.75 234.86 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 1.84 2.24 1.71 N/A 1.40 1.66 1.20 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 1.77 1.34 N/A N/A 1.26 0.96 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 1.92 N/A N/A N/A N/A North Gower N/A 1.82 1.65 0.90 N/A 1.56 1.41 0.85 W O Feed 2.42 TERMINAL Port Colbor N/A N/A 2.12 N/A N/A N/A 1.60 N/A PROCESSORS Toledo FM N/A N/A 2.11 N/A N/A N/A 1.72 N/A Toledo El. 5.40US 7.15CA 5.40US 7.15CA GFO Contract Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.52 1.79 1.46 0.96 CAD $/bu 6.82 7.09 6.76 6.35 CAD $/tonne 250.67 260.40 248.24 233.39 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 478.74 DDG's FOB Srn & Aylm 195.00 - 205.00

FARM MARKET NEWS - CORN REPORT FOR Fri, December 6 Exchange rate was 1.3261 up 0.0086 Chicago corn closed slightly lower to steady. MAR20 HI 3.79 1/2 DEC20 HI 3.91 3/4 LOW 3.75 LOW 3.89 CLOSE3.76 3/4 Unchanged CLOSE 3.90 1/4 Down 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +MAR20+MAR20+MAY20 CK Low 1.25 5.02 197.53 0.90 4.80 189.07 CK High 1.25 5.02 197.53 0.95 4.85 191.03 CK Avg 1.25 0.02 5.02 197.53 0.91 -0.27 4.81 189.39 Essex Cty 1.25 5.02 197.53 0.90 4.80 189.07 Mdsx Low 1.25 5.02 197.53 0.90 4.80 189.07 Mdsx High 1.25 5.02 197.53 0.90 4.80 189.07 Mdsx Avg 1.25 0.02 5.02 197.53 0.90 -0.28 4.80 189.07 Hensall 1.28 5.04 198.51 0.93 4.83 190.05 Bruce 1.25 5.02 197.53 0.90 4.80 189.07 Putnam 1.25 5.02 197.53 0.90 4.80 189.07 Burford 1.25 5.02 197.53 0.90 4.80 189.07 Port Perry 1.30 5.07 199.50 0.90 4.80 189.07 Norfolk 1.25 5.02 197.53 0.90 4.80 189.07 Palmerston 1.29 5.06 199.10 0.87 4.77 187.89 Varna 1.25 5.02 197.53 0.90 4.80 189.07 Trenton 1.35 5.12 201.47 0.90 4.80 189.07 Winchester 1.40 5.17 203.44 0.90 4.80 189.07 North Gower 1.34 5.11 201.07 1.05 4.95 194.97 Huron FOB 1.38 5.15 202.65 0.92 4.82 189.85 Kent FOB 1.35 5.12 201.47 0.95 4.85 191.03 Lamb FOB 1.35 5.12 201.47 1.00 4.90 193.00 Mdsx FOB 1.40 1.40N/A N/A 5.17 203.44 0.90 4.80 189.07 FOB SW Que 2.16 5.93 233.36N/A Track 1.69 5.45 214.66N/A PROCESSORS Chat-Eth N/A N/A N/A N/A 1.13 5.03 198.12 Jhnstwn-Eth N/A N/A N/A N/A 1.38 5.28 207.96 Aylmer-Eth N/A N/A 1.69 1.68 1.15 5.05 198.91 Sarn-Eth N/A 1.55 1.60 1.60 N/A London-Ing N/A 1.75 1.75 1.75 1.25 5.15 202.84 Pt.Colb-Ing N/A N/A N/A N/A N/A Cardnl-Ing N/A 1.75 1.75 1.75 1.30 5.20 204.81 W O Feed 1.84 5.60 220.60 US Rep 2.21 5.98 235.32 Toledo El. 0.27 4.03 158.76 -0.26 3.64 143.20 TRANSFER Pt. Colb 1.60 5.37 211.31N/A Prescott 1.60 5.37 211.31N/A HI SD CRN 1.25 5.01 3/4 *Wet Bid

DTN Closing Grain Comments 12/06 14:02 Soybeans Close Higher Friday and For The Week January soybeans closed up 5 1/4 cents Friday and finished with a double-digit gain on the week, helped by trade optimism and ongoing support from the vegetable oil market. March corn was unchanged and March KC wheat dropped 4 1/2 cents in a quiet retreat from last week's high.

Cotton AWP/LDP 12/06 11:35 Weekly cotton Fine Count Price and Adjustment data. | Fine Fine FE Trans | Count Count FE Fine Coarse & | Adj Adj Adj Week Count FE Count Qual | World 2018 2019 CCA LDP Date Price Price Price Adj | Price Crop** Crop** 12/02/19 75.10 73.22 72.73 17.25 | 55.97 0.32 0.17 0.00 0.00 11/29/19 75.28 73.45 72.91 17.25 | 56.20 0.37 0.22 0.00 0.00 11/22/19 75.47 73.61 72.85 17.25 | 56.36 0.34 0.19 0.00 0.00 11/15/19 75.95 74.31 73.07 17.25 | 57.06 0.56 0.41 0.00 0.00 11/08/19 75.12 73.88 72.14 17.25 | 56.63 0.96 0.81 0.00 0.00 **Fine Count Adjustment cannot be less than zero. NA = not available.

DTN Weather Trend Indicators 12/06 09:09 Weather Indicator status values are: Corn=Neutral Soybeans=Neutral Wheat=Neutral LEGEND: The indicator choices are: Corn, Soybeans, Wheat The status choices are: Up, Down, Neutral For example: Corn=Neutral (ES)

USDA Daily Market Rates 12/06 06:48 DAILY MARKET RATES(GRAIN/MISCELLANEOUS COMMODITIES) Effective: December 06, 2019 The following Market Rates are established to aid in the development of the Posted County Prices (PCPs) which are used by county Farm Services Agency (FSA) Offices for loan redemption purposes. Uses of these rates for other purposes may not be appropriate. Questions concerning the grain, pulses and oilseed market values should be directed to: Agricultural Marketing Service/Warehouse & Commodity Management Division/Commodity Management Branch at: (816) 926-3816 THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 12/06/2019 COMMODITIES Wheat (BU) Wheat (BU) Wheat (BU) Wheat (BU) MARKET HRW HRS SRW SWW AMA 4.16 */(17) CIN 5.24 */(37) EVN 5.74 */(38) GLF 5.69 */(18) */(19) 6.32 */(39) */(20) */(21) */(22) KCM 5.48 */(23) 5.32 */(40) MEM 5.94 */(41) MIN 5.36 */(24) */(25) 5.94 */(15) PNW 5.91 */(26) 6.35 */(16) 5.90 */(43) */(44) TOL 5.42 */(42) 5.42 */(45) WCD 5.91 */(27) */(28) 5.75 */(46) THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 12/06/2019 COMMODITIES Wheat (BU) Corn (BU) Barley (BU) MARKET HAD YC BRL AMA 4.11 */(47) CIN 3.87 */(48) GLF 4.17 */(49) */(50) 3.70 */(1) KCM 3.84 */(51) 3.35 */(2) LOS 7.15 */(11) */A MEM 3.90 */(52) MIN 6.70 */(12) */B 3.42 */(53) 3.15 */(3) */(4) */(5) PNW 6.80 */(13) */C 4.84 */(54) */(55) 3.47 */(6) */(7) TKO 3.92 */(56) */(57) TOL 3.97 */(58) WCD 7.20 */(14) */D 5.28 */(59) 4.90 */(8) */(9) */(10) DURUM DISCOUNTS */A LOS DISCOUNT ($-0.55) FOR AMBER DURUM AND ($-1.15) FOR DURUM */B MIN DISCOUNT ($-0.95) FOR AMBER DURUM AND ($-1.50) FOR DURUM */C PNW DISCOUNT ($-0.95) FOR AMBER DURUM AND ($-1.55) FOR DURUM */D WCD DISCOUNT ($-0.55) FOR AMBER DURUM AND ($-1.15) FOR DURUM THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (E.T.) 12/06/2019 COMMODITIES Oats (BU) Soybeans (BU) Grain Sorghum (CWT) MARKET OAT YSB SOR CIN 8.95 */(60) 6.52 */(31) GLF 9.39 */(61) */(62) 7.44 */(32) */(63) */(64) */(65) KCM 8.64 */(66) MEM 9.04 */(67) 5.99 */(33) MIN 3.55 */(29) 8.67 */(68) */(69) NCD 6.01 */(34) PNW 3.59 */(30) 9.60 */(70) SCD 6.26 */(35) TKO 8.94 */(71) TOL 8.74 */(72) WCD 9.26 */(36) COMMODITIES YC - Yellow Corn YSB - Yellow Soybeans SOR - Sorghum HRW - Hard Red Winter SRW - Soft Red Winter SWW - Soft White Wheat HRS - Hard Red Spring HAD - Durum OAT - Oats BRL - Barley MARKET REGIONS MIN - Minnesota Marketing Area PNW - Pacific Northwest TKO - Decatur, IL CIN - Cincinnati, OH AMA - Amarillo, TX TOL - Toledo, OH WCD - West Coast Domestic KCM - Kansas City Marketing Area MEM - Memphis, TN GLF - Gulf Marketing Area SCD - South Central Domestic NCD - North Central Domestic EVN - Evansville, IN LOS - Los Angeles, CA ****NOTE CHANGES TO DIFFERENTIAL INFORMATION EFFECTIVE 12/06/2019 ***** POSTED COUNTY PRICE DIFFERENTIAL INFORMATION (Cents per bushel except as noted) UNTIL FURTHER NOTICE THE TERMINAL MARKETS LISTED BELOW WILL HAVE DIFFERENTIALS ADJUSTED AS FOLLOWS: (1) GLF BRL differentials add -0.19 cents/bu (Effective 12/3/2019) (2) KCM BRL differentials add -0.19 cents/bu (Effective 12/3/2019) (3) MIN BRL differentials in WY add -0.02 cents/bu (Effective 7/31/2017) (4) MIN BRL differentials in MT add 0.02 cents/bu (Effective 11/13/2019) (5) MIN BRL differentials add 0.01 cents/bu (Effective 12/3/2019) (6) PNW BRL differentials in MT add -0.06 cents/bu (Effective 2/15/2013) (7) PNW BRL differentials add 0.20 cents/bu (Effective 10/15/2019) (8) WCD BRL differentials in ID add 0.03 cents/bu (Effective 3/7/2016) (9) WCD BRL differentials in MT add -0.02 cents/bu (Effective 8/2/2017) (10) WCD BRL differentials add -0.70 cents/bu (Effective 10/15/2019) (11) LOS HAD differentials add -0.40 cents/bu (Effective 6/13/2018) (12) MIN HAD differentials add -0.53 cents/bu (Effective 10/1/2019) (13) PNW HAD differentials add -0.20 cents/bu (Effective 6/13/2018) (14) WCD HAD differentials add -0.40 cents/bu (Effective 6/13/2018) (15) MIN HRS differentials add -0.58 cents/bu (Effective 12/3/2019) (16) PNW HRS differentials add -0.75 cents/bu (Effective 12/3/2019) (17) AMA HRW differentials add 0.00 cents/bu (Effective 10/4/2018) (18) GLF HRW differentials in KS add 0.00 cents/bu (Effective 10/5/2017) (19) GLF HRW differentials in CO add -0.05 cents/bu (Effective 7/17/2018) (20) GLF HRW differentials in NE add -0.05 cents/bu (Effective 7/17/2018) (21) GLF HRW differentials in OK add 0.00 cents/bu (Effective 7/17/2018) (22) GLF HRW differentials add -0.73 cents/bu (Effective 12/3/2019) (23) KCM HRW differentials add -0.98 cents/bu (Effective 12/3/2019) (24) MIN HRW differentials in SD add 0.00 cents/bu (Effective 9/21/2017) (25) MIN HRW differentials add -0.74 cents/bu (Effective 12/3/2019) (26) PNW HRW differentials add -1.04 cents/bu (Effective 11/22/2019) (27) WCD HRW differentials in CA add 0.03 cents/bu (Effective 8/22/2016) (28) WCD HRW differentials add -1.29 cents/bu (Effective 11/18/2019) (29) MIN OAT differentials add -0.53 cents/bu (Effective 12/6/2019) (30) PNW OAT differentials add -0.41 cents/bu (Effective 12/2/2019) (31) CIN SOR differentials add -0.43 cents/cwt (Effective 8/8/2019) (32) GLF SOR differentials add -0.80 cents/cwt (Effective 12/2/2019) (33) MEM SOR differentials add 0.00 cents/cwt (Effective 3/26/2019) (34) NCD SOR differentials add -0.22 cents/cwt (Effective 10/24/2019) (35) SCD SOR differentials add 0.00 cents/cwt (Effective 10/8/2019) (36) WCD SOR differentials add -1.87 cents/cwt (Effective 12/3/2019) (37) CIN SRW differentials add 0.05 cents/bu (Effective 11/6/2019) (38) EVN SRW differentials add -0.32 cents/bu (Effective 12/6/2019) (39) GLF SRW differentials add -0.66 cents/bu (Effective 12/5/2019) (40) KCM SRW differentials add 0.11 cents/bu (Effective 12/5/2019) (41) MEM SRW differentials add -0.51 cents/bu (Effective 11/13/2019) (42) TOL SRW differentials add -0.11 cents/bu (Effective 11/27/2019) (43) PNW SWW differentials in ID add 0.00 cents/bu (Effective 6/2/2017) (44) PNW SWW differentials add -0.28 cents/bu (Effective 11/8/2017) (45) TOL SWW differentials add -0.05 cents/bu (Effective 9/30/2019) (46) WCD SWW differentials add -0.27 cents/bu (Effective 6/15/2016) (47) AMA YC differentials add -0.10 cents/bu (Effective 7/23/2019) (48) CIN YC differentials add -0.13 cents/bu (Effective 11/13/2019) (49) GLF YC differentials in MN add -0.02 cents/bu (Effective 9/3/2019) (50) GLF YC differentials add -0.16 cents/bu (Effective 11/29/2019) (51) KCM YC differentials add -0.04 cents/bu (Effective 9/10/2019) (52) MEM YC differentials add -0.13 cents/bu (Effective 11/18/2019) (53) MIN YC differentials add 0.00 cents/bu (Effective 11/20/2018) (54) PNW YC differentials in ND add -0.02 cents/bu (Effective 2/27/2017) (55) PNW YC differentials add -0.60 cents/bu (Effective 11/25/2019) (56) TKO YC differentials in WI add -0.03 cents/bu (Effective 4/3/2018) (57) TKO YC differentials add -0.13 cents/bu (Effective 12/5/2019) (58) TOL YC differentials add -0.32 cents/bu (Effective 9/12/2019) (59) WCD YC differentials add -0.83 cents/bu (Effective 11/25/2019) (60) CIN YSB differentials add -0.36 cents/bu (Effective 11/19/2019) (61) GLF YSB differentials in AL add 0.04 cents/bu (Effective 10/17/2017) (62) GLF YSB differentials in LA add 0.04 cents/bu (Effective 10/17/2017) (63) GLF YSB differentials in MS add 0.04 cents/bu (Effective 10/17/2017) (64) GLF YSB differentials in MN add 0.04 cents/bu (Effective 12/27/2017) (65) GLF YSB differentials add -0.47 cents/bu (Effective 12/5/2019) (66) KCM YSB differentials add -0.07 cents/bu (Effective 12/5/2019) (67) MEM YSB differentials add -0.40 cents/bu (Effective 11/4/2019) (68) MIN YSB differentials in WI add 0.10 cents/bu (Effective 6/13/2019) (69) MIN YSB differentials add -0.32 cents/bu (Effective 11/29/2019) (70) PNW YSB differentials add -0.67 cents/bu (Effective 12/5/2019) (71) TKO YSB differentials add -0.39 cents/bu (Effective 9/9/2019) (72) TOL YSB differentials add -0.46 cents/bu (Effective 8/5/2019) MINOR OILSEEDS THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (ET) 12/06/2019 ALL PRICES PER CWT. MARKET CAN CRA RAP FLX MUS SAF SEM SUN ARL 13.45 AUG 13.45 CAR 14.11 COL 19.00 COR 19.00 FAR 17.41 18.65 GFK 26.00 GLD 18.85 GRF 22.00 16.07 26.00 PAR 20.00 RDW 14.65 17.23 RIC 19.00 VEL 14.80 COMMODITIES: MARKETS: CAN - CANOLA ARL - ARLINGTON, GA CRA - CRAMBE AUG - AUGUSTA, GA RAP - RAPESEED CAR - CARRINGTON, ND FLX - FLAX COL - COLUSA, CA SEM - SESAME SEED COR - CORCORAN, CA SUN - SUNFLOWER SEEDS (OIL TYPE) FAR - FARGO, ND SAF - SAFFLOWER GLD - GOODLAND, KS MUS - MUSTARD (INCLUDES): GFK - GRAND FORKS, ND YMU - YELLOW GRF - GREAT FALLS, MT BMU - BROWN PAR - PARIS, TX CMU - ORIENTAL RDW - RED WING, MN XMU - MIXED RIC - RICHMOND, CA VEL - VELVA, ND PULSES THE FOLLOWING MARKET RATES ARE EFFECTIVE 7:00 A.M. (ET) 12/06/2019. ALL PRICES PER CWT. MARKET CHL CHK LEN PEA USP 13.75 9.75 13.10 8.40 COMMODITIES: MARKETS: CHL - LARGE CHICKPEAS CHK - SMALL CHICKPEAS USP - United States Pulses LEN - LENTILS PEA - PEAS* YPE - YELLOW GPE - GREEN * ALSO INCLUDES, WRINKLED, DRY, WINTER DRY (AUSTRIAN WINTER), MISCELLANEOUS (MARROWFAT - TYPE PEAS), MIXED. COTTON PRICES UPLAND COTTON ADJUSTED WORLD PRICE (AWP), FINE COUNT ADJUSTMENT (FCA), COARSE COUNT ADJUSTMENT (CCA), and MARKET GAIN/LOAN DEFICIENCY PAY RATE (LDP) Effective 12:01 a.m. Eastern Time, Friday, 12/06/19, through midnight Eastern Time, Thursday, 12/12/19: AWP = 55.97 cents per pound FCA 2018 crop = 0.32 cents per pound FCA 2019 crop = 0.17 cents per pound CCA = 0.00 cents per pound LDP Rate = 0.00 cents per pound, subject to allowable fine count or coarse count adjustment. The next scheduled AWP, FCA, and CCA announcement will be at 4:00 p.m.Eastern Time, Thursday, 12/12/19. The following world prices of rice are effective from 12/04/19 at 7:00 am eastern time until the next announcement occurs. The next price announcement is scheduled for 12/11/19 at 7:00 am eastern time. . Rates Per Hundredweight Rough Rates Per Pound For . Rice for Farm-Stored and Milled Rice Kernels . Warehouse Loans and LDPs _____________________________________________________________________ . 2018 CROP . World Loan Market World Loan . Market Gain and Price Rate . Index LDP Rate ----Cents/Pound---- . ---$/Hundredweight--- . Long 13.64 10.08 . 12.28 0.00 Med/Short 13.14 9.67 . 12.06 0.00 Broken 8.23 6.14 . na na _____________________________________________________________________ . 2019 CROP . World Loan Market World Loan . Market Gain and Price Rate . Index LDP Rate ----Cents/Pound---- . ---$/Hundredweight--- . Long 14.28 11.09 . 13.20 0.00 Med/Short 13.94 10.50 . 12.84 0.00 Broken 8.61 6.11 . na na _____________________________________________________________________ The above prices are based on the following loan rates, world prices and milling yields per hundredweight of rough rice: 2018 CROP Loan Rate World Price . Whole/Broken Yield ------ $/Cwt ------ . (Pounds/Cwt) . Long 6.26 8.46 . 53.56/14.05 Med/Short 6.68 9.07 . 64.00/8.00 2019 CROP Loan Rate World Price . Whole/Broken Yield ------ $/Cwt ------ . (Pounds/Cwt) . Long 7.00 9.11 . 55.55/13.69 Med/Short 7.00 9.34 . 61.11/9.51

DTN Early Word Grains 12/06 06:00 Grains Higher to Close the Week March corn is up 3/4 cent per bushel, January soybeans are up 4 1/4 cents, and March KC wheat is up 1/4 cent. By Tregg Cronin DTN Contributing Analyst 6:00 a.m. CME Globex: March corn is up 3/4 cent per bushel, January soybeans are up 4 1/4 cents, and March KC wheat is up 1/4 cent. CME Globex Recap: Global equities are higher around the overnight with futures pointing toward a higher open in the U.S. ahead of the monthly payroll data later Friday morning. Average trade estimates are looking for November payrolls to show a gain of 184,000 jobs during the month, up from 128,000 in October. Growth of 184,000 would compare with the six-month average of 156,000. The November unemployment rate is expected to be unchanged at 3.6%, just above September's 50-year low of 3.5%. Grain markets are mostly higher overnight, led by soybeans, as some still believe we will see a trade deal before the December 15. Without a trade deal, the U.S. is set to impose more tariffs on Chinese goods, although earlier this fall, President Trump suspended planned tariff increases to give negotiators more time. In the spirit of Christmas, there is a chance this could happen again if a breakthrough is not achieved. Harvest continues to plod along in the Northern Plains and will continue the rest of December and into 2020. OUTSIDE MARKETS: Previous closes on Thursday showed the Dow Jones Industrial Average up 28.01 at 27,677.79 and the S&P 500 up 4.67 at 3,112.76 while the 10-Year Treasury yield ended at 1.797%. Early Friday, the December DJIA futures are up 59 points. Asian markets are higher with Japan's Nikkei 225 up 54.31 (0.23%) and China's Shanghai Composite up 12.55 points (0.43%). European markets are higher with London's FTSE 100 up 52.17 points (0.73%), Germany's DAX up 26.13 points (0.2%) and France's CAC 40 up 21.79 points (0.38%). The December Euro is down 0.001 at 1.110 and the December U.S. dollar index is up 0.044 at 97.415. The March 30-Year T-Bond is up 3/32nds, while February gold is down $3.30 at $1,479.80 and January crude oil is down $0.06 at $58.37. Soybeans on China's Dalian Exchange were up 0.09% while soybean meal was up 0.57%.

December 5 2019 Portland Price Trends 12-01-18 01-01-19 11-01-19 11-29-19 12-05-19 #1 SWW (bu) 6.25 6.15 6.00 5.95 5.90 White Club 6.25 6.15 7.50 7.75 7.65 DNS 14% 6.97 6.59 7.06 6.84 6.88 HRW 11.5% 6.56 6.39 5.96 6.07 6.00 #2 Corn (ton) 170.00 168.00 177.00 135.00 140.00 #2 Barley 140.00 140.00 135.00 172.00 176.00 Wheat..Announcement of a USDA donation tender put some footing under west coast white wheat prices this week, with the agency seeking offers next week on 2.1 mb to be shipped in January. Nearby basis levels have otherwise been defensive while basis on protein wheat markets have held firm over the past month. Weekly Sales...USDA showed export sales for U.S. wheat took a major setback over the past week, coming in 63% below the prior week and 44% below the four-week average. Sales of 8.4 mb put the year-to-date total at 8.4 mb; 5% ahead of a year ago but 3% below the 5-year average pace. Top seller was hard red winter with 5.9 mb, holding above the four-week average, to put total sales for the year at 224 mb; 35% ahead of a year ago and 6% above average. Hard red spring saw 1.3 mb in new commitments to put sales at 167 mb, which sets 9% behind a year ago and 13% behind average. Soft white garnered 1.1 mb and with 147 mb in commitments sets 14% behind a year ago and 5% below average. -Norm Ruhoff Contributing Analyst Copyright 2019 DTN/Telvent. All Rights Reserved.

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