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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, October 26</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.336 up 0.0026</div>
<div>Chicago corn closed slightly higher.</div>
<div><br>
</div>
<div> DEC16 HI 3.55 3/4 DEC17 HI 3.91 3/4</div>
<div> LOW 3.49 LOW 3.86 1/2</div>
<div> CLOSE3.54 Up 4 3/4 CLOSE 3.90 1/4 Up 3 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+MAR17+MAR17</div>
<div>CK Low 0.90 4.44 174.80 0.70 4.60 181.19</div>
<div>CK High 0.90 4.44 174.80 0.75 4.65 183.16</div>
<div>CK Avg 0.90 -0.22 4.44 174.80 0.74 -0.42 4.64 182.83</div>
<div>Essex Cty 0.90 4.44 174.80 0.70 4.60 181.19</div>
<div>Mdsx Low 0.90 4.44 174.80 0.75 4.65 183.16</div>
<div>Mdsx High 0.90 4.44 174.80 0.75 4.65 183.16</div>
<div>Mdsx Avg 0.90 -0.22 4.44 174.80 0.75 -0.41 4.65 183.16</div>
<div>Hensall 0.90 4.44 174.80 0.75 4.65 183.16</div>
<div>Bruce 0.95 4.49 176.76 0.75 4.65 183.16</div>
<div>Putnam 0.95 4.49 176.76 0.75 4.65 183.16</div>
<div>Burford 0.90 4.44 174.80 0.75 4.65 183.16</div>
<div>Port Perry 1.10 4.64 182.67 0.75 4.65 183.16</div>
<div>Norfolk 0.90 4.44 174.80 0.75 4.65 183.16</div>
<div>Palmerston 0.90 4.44 174.80 0.70 4.60 181.19</div>
<div>Varna 0.95 4.49 176.76 0.75 4.65 183.16</div>
<div>Trenton 1.30 4.84 190.54 0.85 4.75 187.10</div>
<div>Winchester 1.30 4.84 190.54 1.00 4.90 193.00</div>
<div>North Gower 1.20 4.74 186.61 0.97 4.87 191.82</div>
<div>Huron FOB 0.92 4.46 175.58 0.77 4.67 183.95</div>
<div>Kent FOB 0.95 4.49 176.76 0.75 4.65 183.16</div>
<div>Lamb FOB 0.90 4.44 174.80 0.70 4.60 181.19</div>
<div>Mdsx FOB 0.90 0.90 0.90N/A 4.44 174.80 0.75 4.65 183.16</div>
<div>FOB SW Que 1.10 4.64 182.67N/A</div>
<div>Track 1.30 4.84 190.35N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth 1.17 1.17 1.30 1.30 4.71 185.42 0.90 4.80 189.07</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 4.80 189.07</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 0.92N/A N/A</div>
<div>Pt.Colb-Ing 1.30N/A N/A 1.33 4.84 190.54N/A</div>
<div>Cardnl-Ing N/A 1.30 1.33N/A 0.98 4.88 192.22</div>
<div>W O Feed 1.40 4.94 194.48</div>
<div><br>
</div>
<div>US Rep 1.66 5.20 204.71</div>
<div>Toledo El. -0.35 3.19 125.68 -0.33 3.57 140.51</div>
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</div>
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</div>
<div>MID SD CRN 0.90 4.44</div>
<div>HI SD CRN 0.90 4.44</div>
<div>*Wet Bid</div>
<div><br>
</div>
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</div>
<div>Bank of Canada Noon exchange rate was 1.336 up 0.0026</div>
<div>Chicago soybeans closed slightly to moderately higher.</div>
<div><br>
</div>
<div> NOV16 HI 10.11 NOV17 HI 10.05</div>
<div> LOW 9.88 3/4 LOW 9.90 1/2</div>
<div> CLOSE10.10 Up 19 1/4 CLOSE 10.03 3/4 Up 10 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+JAN1+JAN17</div>
<div>CK Low 2.39 12.49 458.932.40 12.44 457.00</div>
<div>CK High 2.41 12.51 459.662.50 12.54 460.67</div>
<div>CK Average 2.40 -0.7512.50 459.302.46 -0.6712.49 459.02</div>
<div>Essex Cty 2.41 12.51 459.662.40 12.44 457.00</div>
<div>Mdsx Low 2.39 12.49 458.932.45 12.49 458.84</div>
<div>Mdsx High 2.40 12.50 459.302.46 12.50 459.20</div>
<div>Mdsx Average 2.40 -0.7512.50 459.112.46 -0.6712.49 459.02</div>
<div>Hensall 2.40 12.50 459.302.43 12.46 457.92</div>
<div>Bruce 2.40 12.50 459.302.40 12.44 457.00</div>
<div>Putnam 2.40 12.50 459.302.40 12.44 457.00</div>
<div>Burford 2.45 12.55 461.132.52 12.56 461.41</div>
<div>Port Perry 2.36 12.46 457.832.43 12.47 458.10</div>
<div>Norfolk 2.40 12.50 459.302.45 12.49 458.84</div>
<div>Palmerston 2.41 12.51 459.662.40 12.44 457.00</div>
<div>Varna 2.40 12.50 459.302.40 12.44 457.00</div>
<div>Trenton 2.60 12.70 466.652.45 12.49 458.84</div>
<div>Winchester 2.90 13.00 477.672.42 12.46 457.73</div>
<div>North Gower 2.69 12.79 469.952.55 12.59 462.51</div>
<div>Huron FOB 2.50 12.60 462.972.50 12.54 460.67</div>
<div>Kent FOB 2.40 12.50 459.302.45 12.49 458.84</div>
<div>Lambton FOB 2.55 12.65 464.812.70 12.74 468.02</div>
<div>Middlesex FOB2.56 2.70 2.80 N/A 12.66 465.182.70 12.74 468.02</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 2.91 3.11 3.14 3.20 13.01 478.043.05 13.09 480.88</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 2.74 12.84 471.792.98 13.02 478.31</div>
<div><br>
</div>
<div>Toledo El. -0.56 9.54 350.49-0.33 9.70 356.57</div>
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</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.336 up 0.0026</div>
<div>Chicago wheat closed slightly to moderately higher.</div>
<div>DEC16 HI 4.14 JUL17 HI 4.62 1/2</div>
<div> LOW 4.02 3/4 LOW 4.52 3/4</div>
<div> CLOSE 4.11 1/2 Up 7 1/4 CLOSE 4.60 1/2 Up 4 3/4</div>
<div><br>
</div>
<div>Minni wheat closed slightly higher.</div>
<div>DEC16 HI 5.30 1/2 SEP17 HI 5.53 3/4</div>
<div> LOW 5.23 1/4 LOW 5.48</div>
<div> CLOSE 5.25 1/2 Up 1 1/2 CLOSE 5.51 1/2 Up 4 1/4</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 0.65 0.58 0.65 0.43</div>
<div>CAD $/bu 4.76 4.70 4.76 5.69</div>
<div>CAD $/tonne 175.08 172.62 175.08 208.96</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 0.36 0.25 0.36 N/A 0.65 0.53 0.59 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 0.40 N/A N/A N/A 0.55 N/A</div>
<div>Brigden N/A N/A 0.40 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 0.45 0.45 0.45 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 0.22 N/A N/A N/A N/A</div>
<div>North Gower N/A 0.45 0.52 0.22 N/A 0.82 0.82 0.51</div>
<div><br>
</div>
<div>TERMINAL</div>
<div>Prescott N/A 0.90 0.66 0.64 N/A 0.60 0.83 0.77</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Toledo FM N/A N/A 1.38 N/A N/A N/A 1.53 N/A</div>
<div><br>
</div>
<div>Toledo El. 3.98US 5.31CA 4.41US 5.87CA</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 0.87 0.80 0.80 0.64</div>
<div>CAD $/bu 5.47 5.41 5.41 6.15</div>
<div>CAD $/tonne 201.07 198.62 198.62 226.05</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 493.95</div>
<div>DDG's FOB Srn & Aylm 185.00 - 190.00</div>
<div><br>
</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>
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