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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, September 23</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3165 up 0.0126</div>
<div>Chicago corn closed slightly lower.</div>
<div><br>
</div>
<div> DEC16 HI 3.38 1/2 DEC16 HI 3.38 1/2</div>
<div> LOW 3.33 3/4 LOW 3.33 3/4</div>
<div> CLOSE3.36 1/2 Down 1/4 CLOSE 3.36 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 0.95 4.32 169.87 0.85 4.22 165.94</div>
<div>CK High 1.10 4.47 175.78 0.95 4.32 169.87</div>
<div>CK Avg 0.98 -0.06 4.35 171.19 0.90 -0.12 4.27 167.91</div>
<div>Essex Cty 1.10 4.47 175.78 0.85 4.22 165.94</div>
<div>Mdsx Low 0.95 4.32 169.87 0.90 4.27 167.91</div>
<div>Mdsx High 0.95 4.32 169.87 0.90 4.27 167.91</div>
<div>Mdsx Avg 0.95 -0.09 4.32 169.87 0.90 -0.12 4.27 167.91</div>
<div>Hensall 0.98 4.34 170.86 0.93 4.29 168.89</div>
<div>Bruce 1.00 4.37 171.84 0.95 4.32 169.87</div>
<div>Putnam 0.95 4.32 169.87 0.90 4.27 167.91</div>
<div>Burford 0.95 4.32 169.87 0.90 4.27 167.91</div>
<div>Port Perry 0.95 4.32 169.87 0.90 4.27 167.91</div>
<div>Norfolk 0.95 4.32 169.87 0.90 4.27 167.91</div>
<div>Palmerston 1.10 4.47 175.78 0.85 4.22 165.94</div>
<div>Varna 1.00 4.37 171.84 0.95 4.32 169.87</div>
<div>Trenton 1.20 4.57 179.72 1.00 4.37 171.84</div>
<div>Winchester N/A 1.30 4.67 183.65</div>
<div>North Gower N/A 1.17 4.54 178.54</div>
<div>Huron FOB 1.00 4.37 171.84 0.95 4.32 169.87</div>
<div>Kent FOB 0.95 4.32 169.87 0.95 4.32 169.87</div>
<div>Lamb FOB 1.00 4.37 171.84 0.90 4.27 167.91</div>
<div>Mdsx FOB 0.95N/A N/A N/A 4.32 169.87 0.95 4.32 169.87</div>
<div>FOB SW Que 1.49 4.86 191.13N/A</div>
<div>Track 1.33 4.69 184.64N/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 4.62 181.68</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 4.52 177.75</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 4.51 177.35</div>
<div>Cardnl-Ing N/A N/A 1.24 1.33 1.24 4.61 181.29</div>
<div>W O Feed 1.40 4.77 187.75</div>
<div><br>
</div>
<div>US Rep 1.48 4.85 190.74</div>
<div>Toledo El. -0.33 3.04 119.52 -0.26 3.10 122.14</div>
<div><br>
</div>
<div><br>
</div>
<div>MID SD CRN 0.90 1 4.26 1/2</div>
<div>HI SD CRN 0.95 4.31 1/2</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3165 up 0.0126</div>
<div>Chicago soybeans closed moderately lower.</div>
<div><br>
</div>
<div> NOV16 HI 9.76 1/4 NOV17 HI 9.63 1/4</div>
<div> LOW 9.52 1/2 LOW 9.47 1/2</div>
<div> CLOSE9.55 Down 21 1/2 CLOSE 9.49 1/4 Down 15 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 2.55 12.10 444.602.05 11.54 424.11</div>
<div>CK High 2.70 12.25 450.112.20 11.69 429.63</div>
<div>CK Average 2.59 -0.3312.14 446.132.12 -0.6511.61 426.69</div>
<div>Essex Cty 2.55 12.10 444.602.10 11.59 425.95</div>
<div>Mdsx Low 2.53 12.08 443.862.10 11.59 425.95</div>
<div>Mdsx High 2.65 12.20 448.272.15 11.64 427.79</div>
<div>Mdsx Average 2.59 -0.3312.14 446.072.13 -0.6411.62 426.87</div>
<div>Hensall 2.60 12.15 446.442.10 11.59 425.95</div>
<div>Bruce 2.55 12.10 444.602.05 11.54 424.11</div>
<div>Putnam 2.55 12.10 444.60 N/A</div>
<div>Burford 2.59 12.14 446.072.16 11.65 428.16</div>
<div>Port Perry 2.53 12.08 443.862.10 11.59 425.95</div>
<div>Norfolk 2.60 12.15 446.442.10 11.59 425.95</div>
<div>Palmerston 2.55 12.10 444.602.10 11.59 425.95</div>
<div>Varna 2.55 12.10 444.602.05 11.54 424.11</div>
<div>Trenton 2.70 12.25 450.112.15 11.64 427.79</div>
<div>Winchester 2.61 12.16 446.802.18 11.67 428.89</div>
<div>North Gower 2.56 12.11 444.972.25 11.74 431.46</div>
<div>Huron FOB 2.65 12.20 448.272.15 11.64 427.79</div>
<div>Kent FOB 2.65 12.20 448.272.10 11.59 425.95</div>
<div>Lambton FOB 2.70 12.25 450.112.30 11.79 433.30</div>
<div>Middlesex FOB2.70 2.70 2.77 N/A 12.25 450.112.27 11.76 432.20</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 3.10 3.10 3.16 N/A 12.65 464.81 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 3.07 12.62 463.712.46 11.95 439.18</div>
<div><br>
</div>
<div>Toledo El. -0.42 9.13 335.42-0.33 9.16 336.73</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3165 up 0.0126</div>
<div>Chicago wheat closed slightly lower to steady.</div>
<div>DEC16 HI 4.09 1/2 JUL17 HI 4.53 3/4</div>
<div> LOW 4.01 1/4 LOW 4.46</div>
<div> CLOSE 4.04 3/4 Down 3/4 CLOSE 4.50 Unchanged</div>
<div><br>
</div>
<div>Minni wheat closed narrowly mixed.</div>
<div>DEC16 HI 5.09 1/2 SEP17 HI 5.41 1/2</div>
<div> LOW 4.98 LOW 5.35 1/2</div>
<div> CLOSE 5.03 3/4 Up 2 1/2 CLOSE 5.35 1/2 Down 1/2</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 0.62 0.28</div>
<div>CAD $/bu 4.60 4.54 4.67 5.32</div>
<div>CAD $/tonne 169.18 166.76 171.60 195.30</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 0.20 N/A N/A 0.40 0.40 N/A</div>
<div>London 0.15 0.18 0.15 N/A 0.55 0.42 0.48 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 0.38 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 0.45 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 0.21 N/A N/A N/A N/A</div>
<div>North Gower N/A 0.36 0.49 0.13 N/A N/A N/A N/A</div>
<div><br>
</div>
<div>TERMINAL</div>
<div>Prescott N/A 0.60 0.60 0.38 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 4.30US 5.64CA</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 0.75 0.69 0.69 0.49</div>
<div>CAD $/bu 5.25 5.19 5.19 5.85</div>
<div>CAD $/tonne 192.93 190.52 190.52 214.88</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 474.33</div>
<div>DDG's FOB Srn & Aylm 180.00 - 185.00</div>
<div><br>
</div>
<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>
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