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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, September 21</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3186 down 0.0042</div>
<div>Chicago corn closed slightly lower.</div>
<div><br>
</div>
<div> DEC16 HI 3.41 DEC16 HI 3.41</div>
<div> LOW 3.38 LOW 3.38</div>
<div> CLOSE3.40 Down 1/2 CLOSE 3.40 Down 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 1.00 4.40 173.22 0.90 4.30 169.28</div>
<div>CK High 1.10 4.50 177.16 0.95 4.35 171.25</div>
<div>CK Avg 1.03 -0.03 4.43 174.53 0.94 -0.09 4.34 170.92</div>
<div>Essex Cty 1.10 4.50 177.16 0.90 4.30 169.28</div>
<div>Mdsx Low 1.00 4.40 173.22 0.95 4.35 171.25</div>
<div>Mdsx High 1.00 4.40 173.22 0.95 4.35 171.25</div>
<div>Mdsx Avg 1.00 -0.05 4.40 173.22 0.95 -0.09 4.35 171.25</div>
<div>Hensall 1.00 4.40 173.22 0.95 4.35 171.25</div>
<div>Bruce 1.05 4.45 175.19 0.90 4.30 169.28</div>
<div>Putnam 1.00 4.40 173.22 0.95 4.35 171.25</div>
<div>Burford 1.00 4.40 173.22 0.95 4.35 171.25</div>
<div>Port Perry 1.00 4.40 173.22 0.95 4.35 171.25</div>
<div>Norfolk 1.00 4.40 173.22 0.95 4.35 171.25</div>
<div>Palmerston 1.10 4.50 177.16 0.90 4.30 169.28</div>
<div>Varna 1.00 4.40 173.22 0.95 4.35 171.25</div>
<div>Trenton 1.20 4.60 181.09 1.00 4.40 173.22</div>
<div>Winchester N/A 1.32 4.72 185.82</div>
<div>North Gower 1.17 4.57 179.91 1.13 4.53 178.34</div>
<div>Huron FOB 1.00 4.40 173.22 0.95 4.35 171.25</div>
<div>Kent FOB 1.00 4.40 173.22 0.95 4.35 171.25</div>
<div>Lamb FOB 1.20 4.60 181.09 0.85 4.25 167.32</div>
<div>Mdsx FOB 0.95N/A N/A N/A 4.35 171.25 0.95 4.35 171.25</div>
<div>FOB SW Que 1.49 4.89 192.51N/A</div>
<div>Track 1.38 4.78 187.98N/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 4.65 183.06</div>
<div>Aylmer-Eth N/A N/A N/A N/A N/A</div>
<div>Sarn-Eth N/A 1.15 1.15 1.20 1.15 4.55 179.13</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 4.54 178.73</div>
<div>Cardnl-Ing N/A 1.45 1.24 1.33 1.24 4.64 182.67</div>
<div>W O Feed 1.43 4.83 190.31</div>
<div><br>
</div>
<div>US Rep 1.56 4.96 195.27</div>
<div>Toledo El. -0.33 3.07 120.91 -0.26 3.14 123.51</div>
<div><br>
</div>
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</div>
<div>MID SD CRN 0.92 1/2 4.32 1/2</div>
<div>HI SD CRN 0.95 4.351</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3186 down 0.0042</div>
<div>Chicago soybeans closed slightly to moderately lower.</div>
<div><br>
</div>
<div> NOV16 HI 9.90 1/4 NOV17 HI 9.73 1/4</div>
<div> LOW 9.71 1/2 LOW 9.59 1/2</div>
<div> CLOSE9.75 1/2 Down 14 1/4 CLOSE 9.64 1/2 Down 8 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 2.65 12.41 455.812.20 11.85 435.23</div>
<div>CK High 2.75 12.51 459.482.25 11.90 437.07</div>
<div>CK Average 2.70 -0.2812.46 457.772.22 -0.6111.86 435.90</div>
<div>Essex Cty 2.70 12.46 457.642.20 11.85 435.23</div>
<div>Mdsx Low 2.70 12.46 457.642.19 11.84 434.86</div>
<div>Mdsx High 2.70 12.46 457.642.20 11.85 435.23</div>
<div>Mdsx Average 2.70 -0.2812.46 457.642.20 -0.6311.84 435.05</div>
<div>Hensall 2.68 12.43 456.722.18 11.82 434.31</div>
<div>Bruce 2.65 12.41 455.812.15 11.80 433.39</div>
<div>Putnam 2.65 12.41 455.812.15 11.80 433.39</div>
<div>Burford 2.73 12.49 458.752.22 11.87 435.96</div>
<div>Port Perry 2.70 12.46 457.642.19 11.84 434.86</div>
<div>Norfolk 2.75 12.51 459.482.25 11.90 437.07</div>
<div>Palmerston 2.70 12.46 457.642.20 11.85 435.23</div>
<div>Varna 2.65 12.41 455.812.15 11.80 433.39</div>
<div>Trenton 2.70 12.46 457.642.15 11.80 433.39</div>
<div>Winchester 2.73 12.49 458.752.26 11.91 437.43</div>
<div>North Gower 2.62 12.38 454.702.20 11.85 435.23</div>
<div>Huron FOB 2.75 12.51 459.482.25 11.90 437.07</div>
<div>Kent FOB 2.80 12.56 461.322.25 11.90 437.07</div>
<div>Lambton FOB 2.80 12.56 461.322.35 12.00 440.74</div>
<div>Middlesex FOB2.87 2.87 2.93 N/A 12.63 463.892.36 12.01 441.11</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 3.22 3.22 3.28 3.29 12.98 476.75 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 13.15 483.002.75 12.40 455.44</div>
<div><br>
</div>
<div>Toledo El. -0.42 9.33 342.98-0.33 9.32 342.33</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3186 down 0.0042</div>
<div>Chicago wheat closed slightly higher.</div>
<div>DEC16 HI 4.09 JUL17 HI 4.52 1/4</div>
<div> LOW 4.02 1/4 LOW 4.45 1/2</div>
<div> CLOSE 4.07 3/4 Up 1 3/4 CLOSE 4.51 1/4 Up 1 3/4</div>
<div><br>
</div>
<div>Minni wheat closed slightly higher.</div>
<div>DEC16 HI 4.95 1/2 SEP17 HI 5.31 1/4</div>
<div> LOW 4.90 LOW 5.29</div>
<div> CLOSE 4.94 3/4 Up 3 1/2 CLOSE 5.30 3/4 Up 1 3/4</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 0.56 0.49 0.63 0.24</div>
<div>CAD $/bu 4.64 4.57 4.70 5.19</div>
<div>CAD $/tonne 170.39 167.97 172.80 190.67</div>
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</div>
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</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 0.20 N/A N/A 0.45 0.45 N/A</div>
<div>London 0.15 0.18 0.15 N/A 0.55 0.42 0.49 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 0.17 0.17 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 0.40 N/A</div>
<div>Brigden N/A N/A 0.20 N/A N/A N/A 0.40 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 0.34 N/A N/A N/A N/A</div>
<div>North Gower N/A 0.41 0.54 0.15 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 0.60 0.60 0.45</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Toledo FM N/A N/A 1.28 N/A N/A N/A 1.41 N/A</div>
<div><br>
</div>
<div>Toledo El. 3.81US 5.01CA 4.31US 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 0.76 0.69 0.69 0.48</div>
<div>CAD $/bu 5.27 5.20 5.20 5.79</div>
<div>CAD $/tonne 193.58 191.17 191.17 212.64</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 483.59</div>
<div>DDG's FOB Srn & Aylm 180.00 - 185.00</div>
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</div>
<div>
<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>
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