FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, November 20 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.1312 down 0.0038 Chicago corn closed higher. DEC14 HI 3.74 3/4 DEC15 HI 4.17 1/4 LOW 3.62 1/2 LOW 4.06 1/4 CLOSE3.73 1/4 Up 10 CLOSE 4.16 1/4 Up 9 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt Adj $/bu $/mt Cntrct Adj $/bu $/mt ELEVATORS +MAR15+MAR15+MAR15 CK Low 0.40 4.13 162.69 0.00 4.16 163.87 CK High 0.45 4.18 164.66 0.00 4.16 163.87 CK Avg 0.43 -0.06 4.16 163.67 0.00 -0.55 4.16 163.87 Essex Cty 0.36 4.09 161.11 0.05 4.21 165.84 Mdsx Low 0.45 4.18 164.66 0.00 4.16 163.87 Mdsx High 0.45 4.18 164.66 0.00 4.16 163.87 Mdsx Avg 0.45 -0.04 4.18 164.66 0.00 -0.55 4.16 163.87 Hensall 0.45 4.18 164.66 0.00 4.16 163.87 Bruce 0.45 4.18 164.66 0.00 4.16 163.87 Putnam 0.40 4.13 162.69 0.00 4.16 163.87 Burford 0.45 4.18 164.66 0.00 4.16 163.87 Port Perry 0.45 4.18 164.66 0.00 4.16 163.87 Norfolk 0.45 4.18 164.66 0.00 4.16 163.87 Palmerston 0.40 4.13 162.69 -0.10 4.06 159.93 Varna 0.45 4.18 164.66 0.00 4.16 163.87 Trenton 0.50 4.23 166.63 0.00 4.16 163.87 Winchester 0.75 4.48 176.47 0.10 4.26 167.81 North Gower 0.85 4.58 180.41 0.05 4.21 165.84 Huron FOB 0.50 4.23 166.63 0.10 4.26 167.81 Kent FOB 0.40 4.13 162.69 0.00 4.16 163.87 Lamb FOB 0.40 4.13 162.69 0.00 4.16 163.87 Mdsx FOB 0.45N/A N/A N/A 4.18 164.66 0.15 4.31 169.78 FOB SW Que 1.02 4.75 187.10N/A Track 0.78 4.51 177.45N/A PROCESSORS Chat-Eth N/A N/A N/A N/A N/A Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth 0.30 0.30 0.35 0.40 4.03 158.75 N/A Sarn-Eth 0.55 0.55 0.60N/A 4.28 168.59N/A Cllngwd-Eth N/A N/A N/A N/A N/A* London-Ing 0.95 0.80 0.80 0.85 4.68 184.34N/A Pt.Colb-Ing N/A 1.00 0.85 0.90 N/A Cardnl-Ing N/A 1.00 1.15 1.20 N/A W O Feed 0.87 0.72 4.60 181.19 US Rep 0.95 0.80 4.68 184.34 Toledo El. -0.25 3.48 137.15 -0.49 3.68 144.72 TRANSFER Sarnia N/A N/A Pt. Stanley N/A N/A Hamilton 0.48 4.21165 5/6 0.23 4.39173 MID SD CRN 0.42 1/2 4.15 3/4 HI SD CRN 0.45 4.18 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.1312 down 0.0038 Chicago soybeans closed moderately higher. JAN15 HI 10.22 1/4 NOV15 HI 10.06 LOW 10.05 LOW 9.92 CLOSE10.20 1/2 Up 15 3/4 CLOSE 10.04 1/2 Up 12 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt Adj. $/bu $/mt BasisAdj. $/bu $/mt ELEVATORS +JAN1+JAN1+MAR15 CK Low 0.80 11.01 404.360.40 10.45 383.79 CK High 0.85 11.06 406.200.50 10.55 387.46 CK Average 0.81 -0.5211.02 404.790.46 -0.8610.50 385.87 Essex Cty 0.79 11.00 404.000.57 10.62 390.03 Mdsx Low 0.80 11.01 404.360.40 10.45 383.79 Mdsx High 0.80 11.01 404.360.42 10.47 384.52 Mdsx Average 0.80 -0.5411.01 404.360.41 -0.9110.46 384.16 Hensall 0.83 11.03 405.280.43 10.47 384.71 Bruce 0.80 11.01 404.360.45 10.50 385.63 Putnam 0.80 11.01 404.360.45 10.50 385.63 Burford 0.83 11.04 405.470.45 10.50 385.63 Port Perry 0.80 11.01 404.360.42 10.47 384.52 Norfolk 0.80 11.01 404.360.45 10.50 385.63 Palmerston 0.80 11.01 404.360.50 10.55 387.46 Varna 0.85 11.06 406.200.45 10.50 385.63 Trenton 0.85 11.06 406.200.50 10.55 387.46 Winchester 1.22 11.43 419.800.80 10.85 398.49 North Gower 1.36 11.57 424.940.85 10.90 400.32 Huron FOB 0.95 11.16 409.880.55 10.60 389.30 Kent FOB 0.80 11.01 404.360.45 10.50 385.63 Lambton FOB 0.80 11.01 404.360.45 10.50 385.63 Middlesex FOB1.00 N/A N/A N/A 11.21 411.710.47 10.52 386.36 PROCESSORS Hamilton 1.49 1.50 1.35 1.36 11.70 429.720.95 11.00 404.00 Windsor 1.01 1.18 1.36 1.27 11.22 412.080.79 10.84 398.12 Winchester N/A N/A TRANSFER Hamilton 1.49 N/A N/A N/A 11.70 429.720.88 10.93 401.43 Pt. Stanley N/A N/A Sarnia N/A N/A Owen Sound N/A N/A Sorel QC 1.66 11.87 435.961.62 11.67 428.62 Toledo El. -0.25 9.96 365.83-0.43 9.62 353.30 Bank of Canada Noon exchange rate was 1.1312 down 0.0038 Chicago wheat closed moderately higher. DEC14 HI 5.48 JUL15 HI 5.65 1/2 LOW 5.32 LOW 5.49 1/4 CLOSE 5.47 1/4 Up 9 1/2 CLOSE 5.64 1/2 Up 11 Minni wheat closed higher. DEC14 HI 5.85 JUL15 HI 6.08 1/4 LOW 5.70 LOW 5.94 CLOSE 5.84 1/2 Up 13 CLOSE 6.07 3/4 Up 13 1/4 GFO Cash Wheat Prices - DEL Terminal Current Crop 14 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.83 0.94 0.43 0.26 CAD $/bu 6.30 6.42 5.91 6.10 CAD $/tonne 231.57 235.73 217.03 224.19 Direct MarkHarvest 2014 Harvest 2015 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 0.25 N/A N/A 0.70 0.08 N/A London 1.19 0.80 0.18 N/A 0.59 0.70 -0.09 N/A Hensall 1.35 N/A 0.25 N/A 0.55 N/A -0.05 N/A Trenton N/A N/A N/A N/A N/A N/A 0.05 N/A Winchester N/A N/A N/A 0.30 N/A N/A N/A N/A Essex N/A N/A 0.23 N/A N/A N/A -0.11 N/A Norwich 1.35 N/A 0.25 N/A 0.65 N/A 0.05 N/A Mt. Elgin N/A N/A N/A N/A N/A N/A N/A N/A Kent Bridge 1.35 N/A 0.25 N/A 0.65 N/A -0.05 N/A Chatham N/A 0.80 0.25 N/A N/A 0.70 -0.05 N/A Brigden N/A 0.80 0.00 N/A N/A 0.70 -0.05 N/A Palmerston N/A 0.80 0.15 0.20 N/A 0.70 -0.05 N/A Varna 1.30 0.90 0.25 N/A 0.55 0.80 0.00 N/A Mitchell 1.35 0.90 0.25 N/A 0.55 0.80 -0.05 N/A Thornton N/A N/A N/A 0.02 N/A N/A N/A N/A North Gower N/A N/A N/A N/A N/A N/A N/A -0.12 TERMINAL Sarnia N/A N/A N/A N/A N/A N/A N/A N/A Hamilton N/A N/A 0.54 N/A N/A N/A 0.30 N/A Pt. Stanley N/A N/A N/A N/A N/A N/A N/A N/A PROCESSORS Toledo FM 2.41N/A 0.94N/A N/A N/A 0.97N/A Toledo El. N/A 5.47US 6.18CA GFO Contract Wheat Prices - DEL Terminal Harvest 15 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.51 0.91 0.06 -0.11 CAD $/bu 6.16 6.55 5.71 5.97 CAD $/tonne 226.27 240.82 209.65 219.31 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS Bayport Wheat 285.00 - 310.00 Bayport Oats 315.00 Bayport Barley 270.00 FOB Hm Soymeal 623.70 - 629.21 DDG's FOB Srn & Aylm 135.00 - 150.00