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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, August 31</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3124 up 0.0048</div>
<div>Chicago corn closed narrowly mixed.</div>
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</div>
<div> DEC16 HI 3.19 1/2 DEC16 HI 3.19 1/2</div>
<div> LOW 3.14 3/4 LOW 3.14 3/4</div>
<div> CLOSE3.15 1/2 Down 1/4 CLOSE 3.15 1/2 Down 1/4</div>
<div><br>
</div>
<div> OLD CROP BASIS NEW CROP BASIS</div>
<div>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt</div>
<div>ELEVATORS +DEC16+DEC16+MAR17</div>
<div>CK Low 1.05 4.21 165.54 0.85 4.01 157.67</div>
<div>CK High 1.15 4.31 169.48 0.85 4.01 157.67</div>
<div>CK Avg 1.10 0.09 4.26 167.51 0.85 -0.10 4.01 157.67</div>
<div>Essex Cty 1.15 4.31 169.48 0.85 4.01 157.67</div>
<div>Mdsx Low 1.10 4.26 167.51 0.85 4.01 157.67</div>
<div>Mdsx High 1.10 4.26 167.51 0.90 4.06 159.64</div>
<div>Mdsx Avg 1.10 0.09 4.26 167.51 0.88 -0.08 4.03 158.65</div>
<div>Hensall 1.10 4.26 167.51 0.90 4.06 159.64</div>
<div>Bruce 1.00 4.16 163.58 0.90 4.06 159.64</div>
<div>Putnam 1.01 4.17 163.97 0.85 4.01 157.67</div>
<div>Burford 1.10 4.26 167.51 0.85 4.01 157.67</div>
<div>Port Perry 1.10 4.26 167.51 0.85 4.01 157.67</div>
<div>Norfolk 1.10 4.26 167.51 0.90 4.06 159.64</div>
<div>Palmerston 1.15 4.31 169.48 0.85 4.01 157.67</div>
<div>Varna 1.10 4.26 167.51 0.90 4.06 159.64</div>
<div>Trenton 1.20 4.36 171.45 0.90 4.06 159.64</div>
<div>Winchester 1.11 4.27 167.91 1.10 4.26 167.51</div>
<div>North Gower 1.22 4.38 172.24 1.09 4.25 167.12</div>
<div>Huron FOB 1.25 4.41 173.42 0.90 4.06 159.64</div>
<div>Kent FOB 1.20 4.36 171.45 0.85 4.01 157.67</div>
<div>Lamb FOB 1.20 4.36 171.45 0.85 4.01 157.67</div>
<div>Mdsx FOB 1.10N/A N/A N/A 4.26 167.51 0.85 4.01 157.67</div>
<div>FOB SW Que 1.70 4.86 191.13N/A</div>
<div>Track 1.51 4.67 183.65N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth N/A N/A N/A N/A N/A</div>
<div>Jhnstwn-Eth N/A N/A N/A N/A N/A</div>
<div>Aylmer-Eth N/A 1.30 1.05 1.15 1.05 4.21 165.54</div>
<div>Sarn-Eth 1.30 1.15N/A 1.15 4.46 175.39 1.15 4.31 169.48</div>
<div>Kawartha N/A N/A N/A N/A N/A</div>
<div>London-Ing 1.42 1.49 1.00 1.17 4.58 180.11 1.00 4.16 163.58</div>
<div>Pt.Colb-Ing N/A 1.68 1.05 1.22 1.05 4.21 165.54</div>
<div>Cardnl-Ing N/A 1.35 1.15 1.36 1.15 4.31 169.48</div>
<div>W O Feed 1.65 4.80 189.01</div>
<div><br>
</div>
<div>US Rep 1.60 4.76 187.20</div>
<div>Toledo El. N/A -0.26 2.89 113.90</div>
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</div>
<div><br>
</div>
<div>MID SD CRN 0.85 4.00 1/2</div>
<div>HI SD CRN 0.85 4.00 1/2</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3124 up 0.0048</div>
<div>Chicago soybeans closed slightly lower.</div>
<div><br>
</div>
<div> NOV16 HI 9.56 1/4 NOV16 HI 9.56 1/4</div>
<div> LOW 9.38 LOW 9.38</div>
<div> CLOSE9.43 Down 7 3/4 CLOSE 9.43 Down 7 3/4</div>
<div><br>
</div>
<div> OLD CROP NEW CROP</div>
<div>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt</div>
<div>ELEVATORS +NOV1+NOV1+JAN17</div>
<div>CK Low 2.87 12.30 451.952.50 11.93 438.35</div>
<div>CK High 3.05 12.48 458.562.55 11.98 440.19</div>
<div>CK Average 2.96 0.02 12.39 455.322.52 -0.3011.95 439.21</div>
<div>Essex Cty 2.95 12.38 454.892.55 11.98 440.19</div>
<div>Mdsx Low 2.85 12.28 451.212.50 11.93 438.35</div>
<div>Mdsx High 3.00 12.43 456.722.52 11.95 439.09</div>
<div>Mdsx Average 2.93 -0.0112.36 453.972.51 -0.3111.94 438.72</div>
<div>Hensall 2.98 12.41 455.812.53 11.96 439.27</div>
<div>Bruce 3.00 12.43 456.722.50 11.93 438.35</div>
<div>Putnam 3.00 12.43 456.722.55 11.98 440.19</div>
<div>Burford 2.88 12.31 452.322.55 11.98 440.19</div>
<div>Port Perry 2.85 12.28 451.212.52 11.95 439.09</div>
<div>Norfolk 2.95 12.38 454.892.55 11.98 440.19</div>
<div>Palmerston 2.95 12.38 454.892.55 11.98 440.19</div>
<div>Varna 2.95 12.38 454.892.55 11.98 440.19</div>
<div>Trenton N/A 2.65 12.08 443.86</div>
<div>Winchester N/A 2.41 11.84 435.05</div>
<div>North Gower N/A 2.49 11.92 437.99</div>
<div>Huron FOB 3.05 12.48 458.562.65 12.08 443.86</div>
<div>Kent FOB 3.10 12.53 460.402.60 12.03 442.03</div>
<div>Lambton FOB 3.20 12.63 464.072.55 11.98 440.19</div>
<div>Middlesex FOB2.89 N/A 2.75 N/A 12.32 452.682.69 12.12 445.33</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 3.30 2.90 3.05 N/A 12.73 467.752.96 12.39 455.25</div>
<div>Windsor N/A N/A N/A N/A N/A</div>
<div>Winchester N/A N/A</div>
<div><br>
</div>
<div>TRANSFER</div>
<div>Prescott 2.87 12.30 451.953.00 12.43 456.72</div>
<div><br>
</div>
<div>Toledo El. N/A -0.42 9.01 331.10</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3124 up 0.0048</div>
<div>Chicago wheat closed slightly lower.</div>
<div>DEC16 HI 3.95 3/4 JUL17 HI 4.42</div>
<div> LOW 3.86 3/4 LOW 4.33</div>
<div> CLOSE 3.88 1/4 Down 4 CLOSE 4.34 1/4 Down 4</div>
<div><br>
</div>
<div>Minni wheat closed slightly to moderately lower.</div>
<div>DEC16 HI 4.90 SEP17 HI 5.30 1/2</div>
<div> LOW 4.80 1/4 LOW 5.20</div>
<div> CLOSE 4.81 1/2 Down 4 1/4 CLOSE 5.20 1/4 Down 7</div>
<div><br>
</div>
<div>GFO Cash Wheat Prices - DEL Terminal</div>
<div>Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</div>
<div>Basis 0.49 0.42 0.55 0.19</div>
<div>CAD $/bu 4.37 4.31 4.44 5.00</div>
<div>CAD $/tonne 160.60 158.19 163.01 183.85</div>
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<div><br>
</div>
<div>Direct MarkHarvest 2016 Harvest 2017</div>
<div> DELIVERED BASIS DELIVERED BASIS</div>
<div>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)</div>
<div>ELEVATORS</div>
<div>Brgssvll N/A 0.10 0.10 N/A N/A N/A 0.40 N/A</div>
<div>London 0.11 0.04 0.11 N/A 0.40 0.34 0.40 N/A</div>
<div>Hensall 0.10 N/A 0.10 N/A 0.50 N/A 0.40 N/A</div>
<div>Trenton N/A N/A 0.30 N/A N/A N/A 0.45 N/A</div>
<div>Winchester N/A N/A N/A N/A N/A N/A N/A N/A</div>
<div>Essex N/A N/A 0.15 N/A N/A N/A 0.42 N/A</div>
<div>Norwich 0.10 N/A 0.10 N/A 0.50 N/A 0.40 N/A</div>
<div>Port Hope N/A 0.10 0.20 N/A N/A 0.35 0.40 N/A</div>
<div>Kent Bridge 0.10 N/A 0.10 N/A 0.50 N/A 0.40 N/A</div>
<div>Chatham N/A 0.05 0.10 N/A N/A N/A 0.40 N/A</div>
<div>Brigden N/A N/A 0.10 N/A N/A N/A 0.40 N/A</div>
<div>Palmerston N/A 0.30 0.15 0.30 N/A 0.40 0.45 0.50</div>
<div>Varna 0.20 0.10 0.15 N/A 0.50 0.40 0.40 N/A</div>
<div>Mitchell 0.10 0.10 0.10 N/A 0.50 0.35 0.40 N/A</div>
<div>Thornton N/A N/A N/A 0.13 N/A N/A N/A N/A</div>
<div>North Gower N/A 0.32 0.46 0.09 N/A N/A N/A N/A</div>
<div><br>
</div>
<div>TERMINAL</div>
<div>Prescott N/A 0.40 0.60 0.39 N/A 0.60 0.60 0.45</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Toledo FM N/A N/A 1.21 N/A N/A N/A 1.34 N/A</div>
<div><br>
</div>
<div>Toledo El. 3.56US 4.67CA 4.14US 5.42CA</div>
<div><br>
</div>
<div>GFO Contract Wheat Prices - DEL Terminal</div>
<div>Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</div>
<div>Basis 0.69 0.62 0.36</div>
<div>CAD $/bu 5.03 4.97 4.70</div>
<div>CAD $/tonne 184.87 182.47 172.85</div>
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</div>
<div>(C)-Basis over the Chicago Board of Trade futures</div>
<div>(M)-Basis over the Minneapolis Grain Exchange</div>
<div><br>
</div>
<div>FEED GRAINS</div>
<div>FOB Hm Soymeal 484.36</div>
<div>DDG's FOB Srn & Aylm 170.00 - 175.00</div>
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<div><span id="ms-rterangepaste-start"></span>
<p class="MsoNormal"><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD">Blair Andrews</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<span style="background:#FDFDFD">Editor, AgriLink and Farm Market News<span class="apple-converted-space"> </span></span><br>
<span style="background:#FDFDFD">University of Guelph, Ridgetown Campus<span class="apple-converted-space"> </span></span><br>
<span style="background:#FDFDFD">Tel.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1500"><span style="font-size:10.0pt;line-height:115%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
none">519-674-1500</span></a><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333;background:#FDFDFD">x
63577<span class="apple-converted-space"> </span></span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530"><span style="font-size:10.0pt;line-height:115%;
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background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
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