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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, October 24</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3388 up 0.0064</div>
<div>Chicago corn closed slightly lower.</div>
<div><br>
</div>
<div> DEC16 HI 3.54 1/2 DEC17 HI 3.90 1/4</div>
<div> LOW 3.46 1/4 LOW 3.83 1/2</div>
<div> CLOSE3.48 1/4 Down 4 1/4 CLOSE 3.86 1/4 Down 2 3/4</div>
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</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 0.90 4.38 172.53 0.70 4.56 179.62</div>
<div>CK High 0.90 4.38 172.53 0.75 4.61 181.59</div>
<div>CK Avg 0.90 -0.20 4.38 172.53 0.73 -0.42 4.60 180.93</div>
<div>Essex Cty 0.90 4.38 172.53 0.70 4.56 179.62</div>
<div>Mdsx Low 0.90 4.38 172.53 0.70 4.56 179.62</div>
<div>Mdsx High 0.95 4.43 174.50 0.75 4.61 181.59</div>
<div>Mdsx Avg 0.93 -0.19 4.41 173.52 0.73 -0.43 4.59 180.60</div>
<div>Hensall 0.95 4.43 174.50 0.75 4.61 181.59</div>
<div>Bruce 0.95 4.43 174.50 0.75 4.61 181.59</div>
<div>Putnam 0.90 4.38 172.53 0.70 4.56 179.62</div>
<div>Burford 0.90 4.38 172.53 0.70 4.56 179.62</div>
<div>Port Perry 1.10 4.58 180.41 0.70 4.56 179.62</div>
<div>Norfolk 0.90 4.38 172.53 0.75 4.61 181.59</div>
<div>Palmerston 0.90 4.38 172.53 0.70 4.56 179.62</div>
<div>Varna 0.95 4.43 174.50 0.75 4.61 181.59</div>
<div>Trenton 1.25 4.73 186.31 0.85 4.71 185.52</div>
<div>Winchester 1.30 4.78 188.28 1.00 4.86 191.43</div>
<div>North Gower 1.20 4.68 184.34 0.97 4.83 190.25</div>
<div>Huron FOB 1.00 4.48 176.47 0.80 4.66 183.55</div>
<div>Kent FOB 0.95 4.43 174.50 0.75 4.61 181.59</div>
<div>Lamb FOB 0.90 4.38 172.53 0.70 4.56 179.62</div>
<div>Mdsx FOB 0.90 0.90 0.90 0.95 4.38 172.53 0.70 4.56 179.62</div>
<div>FOB SW Que 1.10 4.58 180.41N/A</div>
<div>Track 1.25 4.73 186.31N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth 1.05 1.05 1.10 1.20 4.53 178.44 0.90 4.76 187.49</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 4.66 183.55</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 0.90 0.90N/A N/A</div>
<div>Pt.Colb-Ing 1.22N/A N/A 1.29 4.70 185.13N/A</div>
<div>Cardnl-Ing N/A 1.30 1.33N/A 0.98 4.84 190.64</div>
<div>W O Feed 1.36 4.84 190.72</div>
<div><br>
</div>
<div>US Rep 1.65 5.13 202.06</div>
<div>Toledo El. -0.35 3.13 123.41 -0.33 3.53 138.92</div>
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</div>
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</div>
<div>MID SD CRN 0.90 4.38 1/4</div>
<div>HI SD CRN 0.90 4.38 1/4</div>
<div>*Wet Bid</div>
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</div>
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</div>
<div>Bank of Canada Noon exchange rate was 1.3388 up 0.0064</div>
<div>Chicago soybeans closed slightly higher.</div>
<div><br>
</div>
<div> NOV16 HI 9.99 3/4 NOV17 HI 9.98</div>
<div> LOW 9.80 LOW 9.82 1/2</div>
<div> CLOSE9.92 Up 9 CLOSE 9.91 1/2 Up 5 3/4</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+JAN1+JAN17</div>
<div>CK Low 2.38 12.30 451.952.40 12.32 452.50</div>
<div>CK High 2.40 12.32 452.682.50 12.42 456.17</div>
<div>CK Average 2.40 -0.7112.32 452.562.42 -0.6812.33 453.11</div>
<div>Essex Cty 2.40 12.32 452.682.40 12.32 452.50</div>
<div>Mdsx Low 2.38 12.30 451.952.38 12.30 451.76</div>
<div>Mdsx High 2.40 12.32 452.682.40 12.32 452.50</div>
<div>Mdsx Average 2.39 -0.7112.31 452.322.39 -0.7012.31 452.13</div>
<div>Hensall 2.40 12.32 452.682.40 12.32 452.50</div>
<div>Bruce 2.30 12.22 449.012.35 12.27 450.66</div>
<div>Putnam 2.20 12.12 445.332.25 12.17 446.99</div>
<div>Burford 2.44 12.36 454.152.44 12.36 453.97</div>
<div>Port Perry 2.35 12.27 450.852.35 12.27 450.66</div>
<div>Norfolk 2.40 12.32 452.682.40 12.32 452.50</div>
<div>Palmerston 2.40 12.32 452.682.40 12.32 452.50</div>
<div>Varna 2.40 12.32 452.682.40 12.32 452.50</div>
<div>Trenton 2.55 12.47 458.192.45 12.37 454.34</div>
<div>Winchester 2.88 12.80 470.322.43 12.35 453.60</div>
<div>North Gower 2.72 12.64 464.442.48 12.40 455.44</div>
<div>Huron FOB 2.50 12.42 456.362.50 12.42 456.17</div>
<div>Kent FOB 2.40 12.32 452.682.40 12.32 452.50</div>
<div>Lambton FOB 2.55 12.47 458.192.55 12.47 458.01</div>
<div>Middlesex FOB2.55 2.68 2.78 N/A 12.47 458.192.55 12.47 458.01</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 3.03 3.10 3.17 N/A 12.95 475.83 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 2.78 12.70 466.652.93 12.85 471.97</div>
<div><br>
</div>
<div>Toledo El. -0.56 9.36 343.86-0.33 9.58 352.05</div>
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</div>
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</div>
<div>Bank of Canada Noon exchange rate was 1.3388 up 0.0064</div>
<div>Chicago wheat closed moderately lower to lower.</div>
<div>DEC16 HI 4.16 3/4 JUL17 HI 4.65 1/4</div>
<div> LOW 4.00 3/4 LOW 4.51</div>
<div> CLOSE 4.02 1/2 Down 12 CLOSE 4.53 1/4 Down 9 1/4</div>
<div><br>
</div>
<div>Minni wheat closed slightly lower.</div>
<div>DEC16 HI 5.31 3/4 SEP17 HI 5.53</div>
<div> LOW 5.23 1/4 LOW 5.49</div>
<div> CLOSE 5.24 3/4 Down 4 1/4 CLOSE 5.49 3/4 Down 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 0.62 0.55 0.62 0.43</div>
<div>CAD $/bu 4.65 4.58 4.65 5.68</div>
<div>CAD $/tonne 170.72 168.27 170.72 208.68</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 0.35 N/A N/A 0.55 0.55 N/A</div>
<div>London 0.25 0.27 0.31 N/A 0.68 0.54 0.61 N/A</div>
<div>Hensall 0.35 N/A 0.35 N/A 0.65 N/A 0.55 N/A</div>
<div>Trenton N/A N/A 0.40 N/A N/A N/A 0.60 N/A</div>
<div>Bruce 0.30 0.10 0.30 0.30 0.60 0.35 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 0.35 N/A 0.35 N/A 0.65 N/A 0.55 N/A</div>
<div>Port Hope N/A 0.35 0.35 N/A N/A 0.50 0.55 N/A</div>
<div>Kent Bridge 0.35 N/A 0.35 N/A 0.65 N/A 0.55 N/A</div>
<div>Chatham N/A N/A 0.35 N/A N/A N/A 0.55 N/A</div>
<div>Brigden N/A N/A 0.35 N/A N/A N/A 0.55 N/A</div>
<div>Palmerston N/A 0.30 0.25 0.30 N/A 0.40 0.45 0.40</div>
<div>Varna 0.40 0.40 0.40 N/A 0.60 0.55 0.55 N/A</div>
<div>Mitchell 0.35 0.35 0.35 N/A 0.65 0.50 0.55 N/A</div>
<div>Thornton N/A N/A N/A 0.16 N/A N/A N/A N/A</div>
<div>North Gower N/A 0.48 0.55 0.23 N/A 0.85 0.85 0.53</div>
<div><br>
</div>
<div>TERMINAL</div>
<div>Prescott N/A 0.90 0.66 0.63 N/A 0.60 0.81 0.76</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Toledo FM N/A N/A 1.36 N/A N/A N/A 1.52 N/A</div>
<div><br>
</div>
<div>Toledo El. 3.89US 5.19CA 4.33US 5.78CA</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 0.85 0.78 0.78 0.64</div>
<div>CAD $/bu 5.38 5.32 5.32 6.14</div>
<div>CAD $/tonne 197.80 195.34 195.34 225.51</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 477.64</div>
<div>DDG's FOB Srn & Aylm 185.00 - 190.00</div>
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<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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background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
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