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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, September 20</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3228 up 0.0047</div>
<div>Chicago corn closed slightly higher.</div>
<div><br>
</div>
<div> DEC16 HI 3.42 1/4 DEC16 HI 3.42 1/4</div>
<div> LOW 3.35 LOW 3.35</div>
<div> CLOSE3.40 1/2 Up 3 1/4 CLOSE 3.40 1/2 Up 3 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 1.00 4.41 173.42 0.90 4.31 169.48</div>
<div>CK High 1.10 4.51 177.35 0.95 4.36 171.45</div>
<div>CK Avg 1.05 -0.03 4.46 175.39 0.92 -0.13 4.32 170.14</div>
<div>Essex Cty 1.10 4.51 177.35 0.90 4.31 169.48</div>
<div>Mdsx Low 1.00 4.41 173.42 0.90 4.31 169.48</div>
<div>Mdsx High 1.05 4.46 175.39 0.90 4.31 169.48</div>
<div>Mdsx Avg 1.03 -0.05 4.43 174.40 0.90 -0.14 4.31 169.48</div>
<div>Hensall 1.05 4.46 175.39 0.93 4.33 170.46</div>
<div>Bruce 1.05 4.46 175.39 0.90 4.31 169.48</div>
<div>Putnam 1.05 4.46 175.39 0.90 4.31 169.48</div>
<div>Burford 1.00 4.41 173.42 0.90 4.31 169.48</div>
<div>Port Perry 1.00 4.41 173.42 0.90 4.31 169.48</div>
<div>Norfolk 1.00 4.41 173.42 0.95 4.36 171.45</div>
<div>Palmerston 1.10 4.51 177.35 0.90 4.31 169.48</div>
<div>Varna 1.05 4.46 175.39 0.95 4.36 171.45</div>
<div>Trenton 1.20 4.61 181.29 1.00 4.41 173.42</div>
<div>Winchester N/A 1.32 4.73 186.02</div>
<div>North Gower 1.17 4.58 180.11 1.13 4.54 178.54</div>
<div>Huron FOB 1.05 4.46 175.39 0.95 4.36 171.45</div>
<div>Kent FOB 1.00 4.41 173.42 0.95 4.36 171.45</div>
<div>Lamb FOB 1.20 4.61 181.29 0.85 4.26 167.51</div>
<div>Mdsx FOB 0.95N/A N/A N/A 4.36 171.45 0.95 4.36 171.45</div>
<div>FOB SW Que 1.49 4.90 192.71N/A</div>
<div>Track 1.38 4.78 188.18N/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 4.66 183.26</div>
<div>Aylmer-Eth N/A N/A N/A 1.15 N/A</div>
<div>Sarn-Eth N/A 1.15 1.15 1.20 1.15 4.56 179.32</div>
<div>Kawartha N/A N/A N/A N/A N/A</div>
<div>London-Ing N/A N/A N/A 1.20 N/A</div>
<div>Pt.Colb-Ing N/A 1.24 1.14 1.32 1.14 4.55 178.93</div>
<div>Cardnl-Ing N/A 1.38 1.24 1.33 1.24 4.65 182.87</div>
<div>W O Feed 1.43 4.84 190.50</div>
<div><br>
</div>
<div>US Rep 1.56 4.97 195.46</div>
<div>Toledo El. -0.26 3.14 123.65 -0.26 3.14 123.66</div>
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</div>
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</div>
<div>MID SD CRN 0.92 1/2 4.33</div>
<div>HI SD CRN 0.95 4.35 1/2</div>
<div>*Wet Bid</div>
<div><br>
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</div>
<div>Bank of Canada Noon exchange rate was 1.3228 up 0.0047</div>
<div>Chicago soybeans closed moderately higher.</div>
<div><br>
</div>
<div> NOV16 HI 9.94 NOV17 HI 9.76</div>
<div> LOW 9.70 3/4 LOW 9.59</div>
<div> CLOSE9.89 3/4 Up 17 1/4 CLOSE 9.73 Up 13 1/4</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 2.65 12.55 461.042.15 11.88 436.52</div>
<div>CK High 2.73 12.63 463.982.22 11.95 439.09</div>
<div>CK Average 2.69 -0.3712.59 462.452.20 -0.6911.93 438.17</div>
<div>Essex Cty 2.70 12.60 462.882.20 11.93 438.35</div>
<div>Mdsx Low 2.65 12.55 461.042.15 11.88 436.52</div>
<div>Mdsx High 2.71 12.61 463.252.20 11.93 438.35</div>
<div>Mdsx Average 2.68 -0.3712.58 462.142.18 -0.7011.91 437.43</div>
<div>Hensall 2.65 12.55 461.042.15 11.88 436.52</div>
<div>Bruce 2.65 12.55 461.042.15 11.88 436.52</div>
<div>Putnam 2.65 12.55 461.042.15 11.88 436.52</div>
<div>Burford 2.74 12.64 464.352.23 11.96 439.45</div>
<div>Port Perry 2.71 12.61 463.252.20 11.93 438.35</div>
<div>Norfolk 2.75 12.65 464.722.25 11.98 440.19</div>
<div>Palmerston 2.70 12.60 462.882.20 11.93 438.35</div>
<div>Varna 2.65 12.55 461.042.15 11.88 436.52</div>
<div>Trenton 2.70 12.60 462.882.05 11.78 432.84</div>
<div>Winchester 2.77 12.67 465.452.31 12.04 442.39</div>
<div>North Gower 2.62 12.52 459.942.20 11.93 438.35</div>
<div>Huron FOB 2.75 12.65 464.722.25 11.98 440.19</div>
<div>Kent FOB 2.80 12.70 466.55 N/A</div>
<div>Lambton FOB 2.80 12.70 466.552.35 12.08 443.86</div>
<div>Middlesex FOB2.92 2.92 2.95 N/A 12.82 470.962.37 12.10 444.60</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 3.25 3.25 3.31 N/A 13.15 483.09 N/A</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 3.39 13.29 488.232.75 12.48 458.56</div>
<div><br>
</div>
<div>Toledo El. -0.42 9.47 348.14-0.33 9.40 345.40</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3228 up 0.0047</div>
<div>Chicago wheat closed slightly higher.</div>
<div>DEC16 HI 4.10 JUL17 HI 4.53</div>
<div> LOW 4.01 1/2 LOW 4.46 1/4</div>
<div> CLOSE 4.06 Up 2 CLOSE 4.49 1/2 Up 1 1/2</div>
<div><br>
</div>
<div>Minni wheat closed slightly lower.</div>
<div>DEC16 HI 4.96 1/4 SEP17 HI 5.30 1/4</div>
<div> LOW 4.90 1/4 LOW 5.28 1/4</div>
<div> CLOSE 4.91 1/4 Down 1 1/4 CLOSE 5.29 Down 1 1/4</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 0.58 0.51 0.64 0.25</div>
<div>CAD $/bu 4.64 4.57 4.70 5.17</div>
<div>CAD $/tonne 170.31 167.89 172.74 189.84</div>
<div><br>
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<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 0.20 N/A N/A 0.45 0.45 N/A</div>
<div>London 0.18 0.20 0.18 N/A 0.58 0.45 0.51 N/A</div>
<div>Hensall 0.15 N/A 0.15 N/A 0.55 N/A 0.45 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 0.39 N/A</div>
<div>Norwich 0.15 N/A 0.15 N/A 0.55 N/A 0.45 N/A</div>
<div>Port Hope N/A 0.15 0.20 N/A N/A 0.40 0.45 N/A</div>
<div>Kent Bridge 0.15 N/A 0.15 N/A 0.55 N/A 0.45 N/A</div>
<div>Chatham N/A 0.15 0.20 N/A N/A N/A 0.45 N/A</div>
<div>Brigden N/A N/A 0.20 N/A N/A N/A 0.45 N/A</div>
<div>Palmerston N/A 0.21 0.15 0.30 N/A 0.40 0.35 0.40</div>
<div>Varna 0.20 0.15 0.15 N/A 0.55 0.45 0.45 N/A</div>
<div>Mitchell 0.15 0.15 0.15 N/A 0.55 0.40 0.45 N/A</div>
<div>Thornton N/A N/A N/A 0.40 N/A N/A N/A N/A</div>
<div>North Gower N/A 0.40 0.54 0.16 N/A N/A N/A N/A</div>
<div><br>
</div>
<div>TERMINAL</div>
<div>Prescott N/A 0.60 0.60 0.46 N/A N/A 0.60 0.45</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Toledo FM N/A N/A 1.30 N/A N/A N/A 1.43 N/A</div>
<div><br>
</div>
<div>Toledo El. 3.79US 5.00CA 4.30US 5.66CA</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 0.77 0.71 0.44</div>
<div>CAD $/bu 5.27 5.20 4.94</div>
<div>CAD $/tonne 193.60 191.18 181.49</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 488.44</div>
<div>DDG's FOB Srn & Aylm 180.00 - 185.00</div>
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