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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, October 25</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3334 down 0.0054</div>
<div>Chicago corn closed slightly higher.</div>
<div><br>
</div>
<div> DEC16 HI 3.52 1/4 DEC17 HI 3.89 1/2</div>
<div> LOW 3.47 1/4 LOW 3.85 1/4</div>
<div> CLOSE3.49 1/4 Up 1 CLOSE 3.87 Up 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 0.90 4.39 172.93 0.70 4.57 179.91</div>
<div>CK High 0.90 4.39 172.93 0.75 4.62 181.88</div>
<div>CK Avg 0.90 -0.20 4.39 172.93 0.73 -0.41 4.60 181.23</div>
<div>Essex Cty 0.90 4.39 172.93 0.70 4.57 179.91</div>
<div>Mdsx Low 0.90 4.39 172.93 0.70 4.57 179.91</div>
<div>Mdsx High 0.95 4.44 174.89 0.75 4.62 181.88</div>
<div>Mdsx Avg 0.93 -0.18 4.42 173.91 0.73 -0.42 4.60 180.90</div>
<div>Hensall 0.95 4.44 174.89 0.75 4.62 181.88</div>
<div>Bruce 0.95 4.44 174.89 0.75 4.62 181.88</div>
<div>Putnam 0.95 4.44 174.89 0.75 4.62 181.88</div>
<div>Burford 0.90 4.39 172.93 0.70 4.57 179.91</div>
<div>Port Perry 1.10 4.59 180.80 0.70 4.57 179.91</div>
<div>Norfolk 0.90 4.39 172.93 0.75 4.62 181.88</div>
<div>Palmerston 0.90 4.39 172.93 0.70 4.57 179.91</div>
<div>Varna 0.95 4.44 174.89 0.75 4.62 181.88</div>
<div>Trenton 1.30 4.79 188.67 0.85 4.72 185.82</div>
<div>Winchester 1.30 4.79 188.67 1.00 4.87 191.72</div>
<div>North Gower 1.20 4.69 184.74 0.89 4.76 187.39</div>
<div>Huron FOB 0.97 4.46 175.68 0.77 4.64 182.67</div>
<div>Kent FOB 0.95 4.44 174.89 0.75 4.62 181.88</div>
<div>Lamb FOB 0.90 4.39 172.93 0.70 4.57 179.91</div>
<div>Mdsx FOB 0.90 0.90 0.90N/A 4.39 172.93 0.70 4.57 179.91</div>
<div>FOB SW Que 1.10 4.59 180.80N/A</div>
<div>Track 1.29 4.78 188.08N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth 1.17 1.17 1.30 1.30 4.66 183.55 0.90 4.77 187.79</div>
<div>Jhnstwn-Eth N/A N/A N/A N/A N/A</div>
<div>Aylmer-Eth N/A N/A N/A 1.25 0.90 4.77 187.79</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 N/A 0.90N/A N/A</div>
<div>Pt.Colb-Ing 1.22N/A N/A 1.29 4.71 185.52N/A</div>
<div>Cardnl-Ing N/A 1.30 1.33N/A 0.98 4.85 190.94</div>
<div>W O Feed 1.36 4.85 191.11</div>
<div><br>
</div>
<div>US Rep 1.65 5.14 202.45</div>
<div>Toledo El. -0.35 3.15 123.84 -0.33 3.54 139.26</div>
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</div>
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</div>
<div>MID SD CRN 0.90 4.39 1/4</div>
<div>HI SD CRN 0.90 4.39 1/4</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3334 down 0.0054</div>
<div>Chicago soybeans closed narrowly mixed.</div>
<div><br>
</div>
<div> NOV16 HI 9.97 NOV17 HI 9.97 3/4</div>
<div> LOW 9.81 1/4 LOW 9.84</div>
<div> CLOSE9.90 3/4 Down 1 1/4 CLOSE 9.93 1/2 Up 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 2.35 12.26 450.392.35 12.29 451.40</div>
<div>CK High 2.40 12.31 452.222.50 12.44 456.91</div>
<div>CK Average 2.37 -0.7112.28 451.122.42 -0.6512.35 453.91</div>
<div>Essex Cty 2.40 12.31 452.222.40 12.34 453.23</div>
<div>Mdsx Low 2.37 12.28 451.122.40 12.34 453.23</div>
<div>Mdsx High 2.40 12.31 452.222.44 12.38 454.70</div>
<div>Mdsx Average 2.39 -0.6912.29 451.672.42 -0.6512.36 453.97</div>
<div>Hensall 2.40 12.31 452.222.40 12.34 453.23</div>
<div>Bruce 2.40 12.31 452.222.40 12.34 453.23</div>
<div>Putnam 2.40 12.31 452.222.40 12.34 453.23</div>
<div>Burford 2.43 12.34 453.332.50 12.44 456.91</div>
<div>Port Perry 2.34 12.25 450.022.41 12.35 453.60</div>
<div>Norfolk 2.35 12.26 450.392.35 12.29 451.40</div>
<div>Palmerston 2.40 12.31 452.222.40 12.34 453.23</div>
<div>Varna 2.40 12.31 452.222.40 12.34 453.23</div>
<div>Trenton 2.55 12.46 457.732.45 12.39 455.07</div>
<div>Winchester 2.86 12.77 469.132.41 12.35 453.60</div>
<div>North Gower 2.74 12.65 464.722.50 12.44 456.91</div>
<div>Huron FOB 2.50 12.41 455.902.50 12.44 456.91</div>
<div>Kent FOB 2.35 12.26 450.392.35 12.29 451.40</div>
<div>Lambton FOB 2.55 12.46 457.732.55 12.49 458.75</div>
<div>Middlesex FOB2.54 2.68 2.78 N/A 12.45 457.372.61 12.55 460.95</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 2.83 3.03 3.06 N/A 12.74 468.023.00 12.94 475.28</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 2.76 12.67 465.452.91 12.85 471.97</div>
<div><br>
</div>
<div>Toledo El. -0.56 9.35 343.45-0.33 9.60 352.83</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3334 down 0.0054</div>
<div>Chicago wheat closed slightly higher.</div>
<div>DEC16 HI 4.06 3/4 JUL17 HI 4.57 1/2</div>
<div> LOW 3.98 3/4 LOW 4.50 1/2</div>
<div> CLOSE 4.04 1/4 Up 1 3/4 CLOSE 4.55 3/4 Up 2 1/2</div>
<div><br>
</div>
<div>Minni wheat closed slightly lower.</div>
<div>DEC16 HI 5.28 SEP17 HI 5.49 1/2</div>
<div> LOW 5.22 3/4 LOW 5.47</div>
<div> CLOSE 5.24 Down 3/4 CLOSE 5.47 1/4 Down 2 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 0.42</div>
<div>CAD $/bu 4.66 4.59 4.66 5.66</div>
<div>CAD $/tonne 171.23 168.78 171.23 207.88</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 0.35 N/A N/A 0.55 0.55 N/A</div>
<div>London 0.21 0.24 0.28 N/A 0.64 0.51 0.58 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 0.27 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 0.14 N/A N/A N/A N/A</div>
<div>North Gower N/A 0.45 0.52 0.23 N/A 0.83 0.83 0.54</div>
<div><br>
</div>
<div>TERMINAL</div>
<div>Prescott N/A 0.87 0.63 0.60 N/A 0.60 0.79 0.73</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Toledo FM N/A N/A 1.35 N/A N/A N/A 1.51 N/A</div>
<div><br>
</div>
<div>Toledo El. 3.90US 5.21CA 4.36US 5.80CA</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 0.84 0.77 0.77 0.61</div>
<div>CAD $/bu 5.40 5.33 5.33 6.08</div>
<div>CAD $/tonne 198.36 195.92 195.92 223.54</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 481.94</div>
<div>DDG's FOB Srn & Aylm 185.00 - 190.00</div>
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<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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