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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, October 19</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3107 up 0.0003</div>
<div>Chicago corn closed slightly higher.</div>
<div><br>
</div>
<div>      DEC16   HI 3.58                         DEC17    HI 3.94  1/2</div>
<div>             LOW 3.51                                 LOW 3.88  3/4</div>
<div>            CLOSE3.57  1/2  Up 3 3/4                CLOSE 3.93  3/4  Up 2 3/4</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+MAR17+MAR17</div>
<div>CK Low       1.00                        4.58 180.11  0.60         4.54 178.63</div>
<div>CK High      1.00                        4.58 180.11  0.70         4.64 182.57</div>
<div>CK Avg       1.00                  -0.09 4.58 180.11  0.68 -0.41   4.62 181.91</div>
<div>Essex Cty    1.00                        4.58 180.11  0.70         4.64 182.57</div>
<div>Mdsx Low     1.00                        4.58 180.11  0.70         4.64 182.57</div>
<div>Mdsx High    1.00                        4.58 180.11  0.70         4.64 182.57</div>
<div>Mdsx Avg     1.00                  -0.09 4.58 180.11  0.70 -0.40   4.64 182.57</div>
<div>Hensall      1.00                        4.58 180.11  0.70         4.64 182.57</div>
<div>Bruce        1.00                        4.58 180.11  0.70         4.64 182.57</div>
<div>Putnam       1.00                        4.58 180.11  0.70         4.64 182.57</div>
<div>Burford      1.00                        4.58 180.11  0.70         4.64 182.57</div>
<div>Port Perry   1.10                        4.68 184.05  0.75         4.69 184.54</div>
<div>Norfolk      1.00                        4.58 180.11  0.70         4.64 182.57</div>
<div>Palmerston   1.00                        4.58 180.11  0.70         4.64 182.57</div>
<div>Varna        1.00                        4.58 180.11  0.70         4.64 182.57</div>
<div>Trenton      1.25                        4.83 189.95  0.80         4.74 186.51</div>
<div>Winchester   1.30                        4.88 191.92  1.00         4.94 194.38</div>
<div>North Gower  1.20                        4.78 187.98  0.87         4.81 189.26</div>
<div>Huron FOB    1.02                        4.60 180.90  0.72         4.66 183.36</div>
<div>Kent FOB     1.05                        4.63 182.08  0.70         4.64 182.57</div>
<div>Lamb FOB     1.00                        4.58 180.11  0.70         4.64 182.57</div>
<div>Mdsx FOB     1.00  1.00  1.00  1.00      4.58 180.11  0.70         4.64 182.57</div>
<div>FOB SW Que   1.10                        4.68 184.05N/A</div>
<div>Track        1.28                        4.85 190.94N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth     1.05  1.05  1.10  1.20      4.63 182.08  0.90         4.84 190.44</div>
<div>Jhnstwn-Eth N/A  N/A   N/A   N/A                    N/A</div>
<div>Aylmer-Eth  N/A  N/A   N/A     1.20                   0.80         4.74 186.51</div>
<div>Sarn-Eth    N/A    1.10  1.15N/A                    N/A</div>
<div>Kawartha    N/A  N/A   N/A   N/A                    N/A</div>
<div>London-Ing  N/A    1.20  1.20  1.23                   0.90         4.84 190.44</div>
<div>Pt.Colb-Ing N/A  N/A   N/A   N/A                    N/A</div>
<div>Cardnl-Ing  N/A    1.30  1.33  1.37                   0.98         4.92 193.59</div>
<div>W O Feed     1.37                        4.94 194.52</div>
<div><br>
</div>
<div>US Rep       1.56                        5.14 202.16</div>
<div>Toledo El.  -0.26                        3.31 130.41 -0.33         3.61 142.11</div>
<div><br>
</div>
<div><br>
</div>
<div>MID SD CRN   1.00                        4.57 1/2</div>
<div>HI SD CRN    1.00                        4.57 1/2</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3107 up 0.0003</div>
<div>Chicago soybeans closed slightly higher.</div>
<div><br>
</div>
<div>       NOV16   HI 9.82  3/4           NOV17    HI 9.86  3/4</div>
<div>              LOW 9.71                        LOW 9.76  1/4</div>
<div>             CLOSE9.81  1/2  Up 9           CLOSE 9.85  3/4  Up 7 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+JAN1+JAN17</div>
<div>CK Low       2.20                     12.02 441.482.15      12.01 441.20</div>
<div>CK High      2.25                     12.07 443.312.20      12.06 443.04</div>
<div>CK Average   2.21                -0.6512.02 441.782.19 -0.6712.04 442.55</div>
<div>Essex Cty    2.25                     12.07 443.312.20      12.06 443.04</div>
<div>Mdsx Low     2.20                     12.02 441.482.15      12.01 441.20</div>
<div>Mdsx High    2.20                     12.02 441.482.15      12.01 441.20</div>
<div>Mdsx Average 2.20                -0.6612.02 441.482.15 -0.7012.01 441.20</div>
<div>Hensall      2.20                     12.02 441.482.18      12.03 442.12</div>
<div>Bruce        2.20                     12.02 441.482.15      12.01 441.20</div>
<div>Putnam       2.20                     12.02 441.482.15      12.01 441.20</div>
<div>Burford      2.26                     12.08 443.682.21      12.07 443.40</div>
<div>Port Perry   2.17                     11.99 440.372.12      11.98 440.10</div>
<div>Norfolk      2.20                     12.02 441.482.20      12.06 443.04</div>
<div>Palmerston   2.25                     12.07 443.312.20      12.06 443.04</div>
<div>Varna        2.20                     12.02 441.482.20      12.06 443.04</div>
<div>Trenton      2.50                     12.32 452.502.20      12.06 443.04</div>
<div>Winchester   2.62                     12.44 456.912.20      12.06 443.04</div>
<div>North Gower  2.50                     12.32 452.502.34      12.20 448.18</div>
<div>Huron FOB    2.30                     12.12 445.152.30      12.16 446.71</div>
<div>Kent FOB     2.20                     12.02 441.482.20      12.06 443.04</div>
<div>Lambton FOB  2.20                     12.02 441.482.35      12.21 448.55</div>
<div>Middlesex FOB2.37 2.43 2.53 2.32      12.19 447.722.30      12.16 446.71</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton     2.73 2.86 2.95  N/A      12.55 460.95 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     2.70                     12.52 459.852.67      12.53 460.31</div>
<div><br>
</div>
<div>Toledo El.   -0.55                     9.26 340.39-0.33      9.53 350.16</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3107 up 0.0003</div>
<div>Chicago wheat closed slightly higher.</div>
<div>DEC16      HI     4.22  1/4             JUL17   HI      4.67  1/4</div>
<div>           LOW        4.13                      LOW     4.58  1/2</div>
<div>           CLOSE  4.20  1/4  Up  1/4            CLOSE   4.67   Up 1 1/2</div>
<div><br>
</div>
<div>Minni wheat closed slightly higher.</div>
<div>DEC16      HI         5.34              SEP17   HI         5.55</div>
<div>           LOW        5.25                      LOW        5.51</div>
<div>           CLOSE  5.30  3/4  Up 3               CLOSE   5.54  1/4  Up 1 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                 0.59          0.52            0.59          0.34</div>
<div>CAD $/bu              4.79          4.73            4.79          5.65</div>
<div>CAD $/tonne         176.10        173.69          176.10        207.68</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    0.25    N/A    N/A     0.40   0.50    N/A</div>
<div>London      0.17    0.19   0.23    N/A    0.57    0.44   0.50    N/A</div>
<div>Hensall     0.25    N/A    0.25    N/A    0.60    N/A    0.50    N/A</div>
<div>Trenton      N/A    N/A    0.40    N/A    N/A     N/A    0.55    N/A</div>
<div>Bruce       0.25    0.10   0.25   0.30    0.60    0.20   0.50   0.45</div>
<div>Essex        N/A    N/A    0.15    N/A    N/A     N/A    0.40    N/A</div>
<div>Norwich     0.25    N/A    0.25    N/A    0.60    N/A    0.50    N/A</div>
<div>Port Hope    N/A    0.25   0.25    N/A    N/A     0.45   0.50    N/A</div>
<div>Kent Bridge 0.25    N/A    0.25    N/A    0.60    N/A    0.50    N/A</div>
<div>Chatham      N/A    0.25   0.30    N/A    N/A     0.40   0.50    N/A</div>
<div>Brigden      N/A    N/A    0.30    N/A    N/A     N/A    0.50    N/A</div>
<div>Palmerston   N/A    0.26   0.25   0.30    N/A     0.40   0.45   0.40</div>
<div>Varna       0.30    0.30   0.30    N/A    0.55    0.50   0.50    N/A</div>
<div>Mitchell    0.25    0.25   0.25    N/A    0.60    0.45   0.50    N/A</div>
<div>Thornton     N/A    N/A     N/A   0.17    N/A     N/A     N/A    N/A</div>
<div>North Gower  N/A    0.42   0.49   0.13    N/A     0.77   0.77   0.43</div>
<div><br>
</div>
<div>TERMINAL</div>
<div>Prescott     N/A    0.85   0.60   0.53    N/A     0.60   0.60   0.00</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Toledo FM    N/A    N/A    1.31    N/A    N/A     N/A    1.45    N/A</div>
<div><br>
</div>
<div>Toledo El. 4.06US         5.33CA        4.47US          5.86CA</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                 0.80          0.73            0.73          0.54</div>
<div>CAD $/bu              5.47          5.40            5.40          6.08</div>
<div>CAD $/tonne         200.81        198.41          198.41        223.57</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             474.44</div>
<div>DDG's FOB Srn & Aylm      200.00 - 210.00</div>
<div><br>
</div>
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