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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, September 9</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3033 up 0.0124</div>
<div>Chicago corn closed slightly higher.</div>
<div><br>
</div>
<div>      DEC16   HI 3.42                         DEC16    HI 3.42</div>
<div>             LOW 3.34  1/2                            LOW 3.34  1/2</div>
<div>            CLOSE3.41   Up 2 1/2                    CLOSE 3.41   Up 2 1/2</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                        4.46 175.58  0.90         4.31 169.68</div>
<div>CK High      1.10                        4.51 177.55  0.90         4.31 169.68</div>
<div>CK Avg       1.08                   0.03 4.49 176.57  0.90 -0.09   4.31 169.68</div>
<div>Essex Cty    1.10                        4.51 177.55  0.90         4.31 169.68</div>
<div>Mdsx Low     1.05                        4.46 175.58  0.90         4.31 169.68</div>
<div>Mdsx High    1.05                        4.46 175.58  0.90         4.31 169.68</div>
<div>Mdsx Avg     1.05                   0.01 4.46 175.58  0.90 -0.09   4.31 169.68</div>
<div>Hensall      1.05                        4.46 175.58  0.90         4.31 169.68</div>
<div>Bruce        1.05                        4.46 175.58  0.90         4.31 169.68</div>
<div>Putnam       1.05                        4.46 175.58  0.90         4.31 169.68</div>
<div>Burford      1.05                        4.46 175.58  0.90         4.31 169.68</div>
<div>Port Perry   1.05                        4.46 175.58  0.90         4.31 169.68</div>
<div>Norfolk      1.10                        4.51 177.55  0.95         4.36 171.65</div>
<div>Palmerston   1.10                        4.51 177.55  0.90         4.31 169.68</div>
<div>Varna        1.05                        4.46 175.58  0.90         4.31 169.68</div>
<div>Trenton      1.20                        4.61 181.49  0.90         4.31 169.68</div>
<div>Winchester  N/A                                       1.11         4.52 177.94</div>
<div>North Gower  1.07                        4.48 176.37  1.12         4.53 178.34</div>
<div>Huron FOB    1.15                        4.56 179.52  0.90         4.31 169.68</div>
<div>Kent FOB     1.10                        4.51 177.55  0.90         4.31 169.68</div>
<div>Lamb FOB     1.20                        4.61 181.49  0.85         4.26 167.71</div>
<div>Mdsx FOB     1.10N/A   N/A   N/A         4.51 177.55  0.95         4.36 171.65</div>
<div>FOB SW Que   1.75                        5.16 203.14N/A</div>
<div>Track        1.50                        4.91 193.30N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth    N/A  N/A   N/A   N/A                    N/A</div>
<div>Jhnstwn-Eth N/A    1.25  1.25  1.25                   1.25         4.66 183.46</div>
<div>Aylmer-Eth  N/A    1.20  1.05  1.15                   1.05         4.46 175.58</div>
<div>Sarn-Eth     1.30  1.15N/A     1.15      4.71 185.42  1.15         4.56 179.52</div>
<div>Kawartha    N/A  N/A   N/A   N/A                    N/A</div>
<div>London-Ing  N/A  N/A   N/A     1.17                 N/A</div>
<div>Pt.Colb-Ing N/A    1.45  1.05  1.22                   1.05         4.46 175.58</div>
<div>Cardnl-Ing  N/A    1.35  1.15  1.36                   1.15         4.56 179.52</div>
<div>W O Feed     1.47                        4.88 192.04</div>
<div><br>
</div>
<div>US Rep       1.55                        4.96 195.27</div>
<div>Toledo El.  -0.22                        3.19 125.53 -0.26         3.15 124.03</div>
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</div>
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</div>
<div>MID SD CRN                                            0.90         4.31</div>
<div>HI SD CRN                                             0.90         4.31</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3033 up 0.0124</div>
<div>Chicago soybeans closed slightly higher.</div>
<div><br>
</div>
<div>       NOV16   HI 9.83                NOV16    HI 9.83</div>
<div>              LOW 9.72                        LOW 9.72</div>
<div>             CLOSE9.80  1/4  Up 3 1/2       CLOSE 9.80  1/4  Up 3 1/2</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       2.45                     12.25 450.202.40      12.20 448.37</div>
<div>CK High      2.60                     12.40 455.712.55      12.35 453.88</div>
<div>CK Average   2.53                -0.3412.33 452.962.50 -0.3212.30 452.04</div>
<div>Essex Cty    2.45                     12.25 450.202.40      12.20 448.37</div>
<div>Mdsx Low     2.50                     12.30 452.042.50      12.30 452.04</div>
<div>Mdsx High    2.50                     12.30 452.042.53      12.33 453.14</div>
<div>Mdsx Average 2.50                -0.3612.30 452.042.52 -0.3112.32 452.59</div>
<div>Hensall      2.50                     12.30 452.042.50      12.30 452.04</div>
<div>Bruce        2.50                     12.30 452.042.50      12.30 452.04</div>
<div>Putnam       2.50                     12.30 452.042.35      12.15 446.53</div>
<div>Burford       N/A                                 2.56      12.36 454.24</div>
<div>Port Perry    N/A                                 2.53      12.33 453.14</div>
<div>Norfolk      2.55                     12.35 453.882.55      12.35 453.88</div>
<div>Palmerston   2.45                     12.25 450.202.40      12.20 448.37</div>
<div>Varna        2.55                     12.35 453.882.40      12.20 448.37</div>
<div>Trenton       N/A                                 2.55      12.35 453.88</div>
<div>Winchester    N/A                                 2.37      12.17 447.26</div>
<div>North Gower   N/A                                 2.49      12.29 451.67</div>
<div>Huron FOB     N/A                                 2.60      12.40 455.71</div>
<div>Kent FOB      N/A                                 2.60      12.40 455.71</div>
<div>Lambton FOB   N/A                                 2.65      12.45 457.55</div>
<div>Middlesex FOB2.76  N/A  N/A  N/A      12.56 461.592.63      12.43 456.82</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton     2.85 2.85 2.97  N/A      12.65 464.902.85      12.65 464.90</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     2.89                     12.69 466.373.02      12.82 471.15</div>
<div><br>
</div>
<div>Toledo El.   0.00                      9.80 360.18-0.42      9.39 344.92</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3033 up 0.0124</div>
<div>Chicago wheat closed slightly lower.</div>
<div>DEC16      HI         4.06              JUL17   HI         4.53</div>
<div>           LOW    3.96  3/4                     LOW     4.44  3/4</div>
<div>           CLOSE  4.03  1/2  Down 2 1/2         CLOSE   4.51   Down 1 3/4</div>
<div><br>
</div>
<div>Minni wheat closed slightly higher.</div>
<div>DEC16      HI         4.95              SEP17   HI      5.33  1/2</div>
<div>           LOW    4.88  1/4                     LOW     5.30  3/4</div>
<div>           CLOSE  4.94   Up 2                   CLOSE   5.33  1/2  Up 1</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                 0.51          0.44            0.57          0.19</div>
<div>CAD $/bu              4.54          4.47            4.61          5.13</div>
<div>CAD $/tonne         166.82        164.43          169.21        188.60</div>
<div><br>
</div>
<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    N/A    0.15    N/A    N/A     0.40   0.45    N/A</div>
<div>London      0.17    0.17   0.17    N/A    0.50    0.37   0.44    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    0.20    N/A    N/A     N/A    0.40    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    0.40    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   0.15    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    0.10   0.15    N/A    N/A     N/A    0.45    N/A</div>
<div>Brigden      N/A    N/A    0.15    N/A    N/A     N/A    0.45    N/A</div>
<div>Palmerston   N/A    0.13   0.15   0.30    N/A     0.40   0.35   0.45</div>
<div>Varna       0.15    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   0.24    N/A     N/A     N/A    N/A</div>
<div>North Gower  N/A    0.31   0.44   0.05    N/A     N/A     N/A    N/A</div>
<div><br>
</div>
<div>TERMINAL</div>
<div>Prescott     N/A    0.52   0.60   0.37    N/A     0.60   0.60   0.45</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Toledo FM    N/A    N/A    1.22    N/A    N/A     N/A    1.34    N/A</div>
<div><br>
</div>
<div>Toledo El. 3.72US         4.84CA        4.31US          5.59CA</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          0.63            0.37</div>
<div>CAD $/bu              5.20          5.14            4.88</div>
<div>CAD $/tonne         191.20        188.82          179.28</div>
<div><br>
</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             491.09</div>
<div>DDG's FOB Srn & Aylm      180.00 - 185.00</div>
<div><br>
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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%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
none">519-674-1530</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"><br>
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