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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, November 8</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3337 down 0.0046</div>
<div>Chicago corn closed moderately higher.</div>
<div><br>
</div>
<div>      DEC16   HI 3.56  1/2                    DEC17    HI 3.93  3/4</div>
<div>             LOW 3.45                                 LOW 3.83  3/4</div>
<div>            CLOSE3.54  1/4  Up 8                    CLOSE 3.91  3/4  Up 7</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        +MAR17+MAR17+MAR17</div>
<div>CK Low       0.85                        4.39 172.93  0.80         4.72 185.72</div>
<div>CK High      0.90                        4.44 174.89  0.80         4.72 185.72</div>
<div>CK Avg       0.86                  -0.24 4.40 173.25  0.80 -0.37   4.72 185.72</div>
<div>Essex Cty    0.85                        4.39 172.93  0.80         4.72 185.72</div>
<div>Mdsx Low     0.85                        4.39 172.93  0.80         4.72 185.72</div>
<div>Mdsx High    0.85                        4.39 172.93  0.80         4.72 185.72</div>
<div>Mdsx Avg     0.85                  -0.24 4.39 172.93  0.80 -0.37   4.72 185.72</div>
<div>Hensall      0.85                        4.39 172.93  0.80         4.72 185.72</div>
<div>Bruce        0.85                        4.39 172.93  0.80         4.72 185.72</div>
<div>Putnam       0.85                        4.39 172.93  0.80         4.72 185.72</div>
<div>Burford      0.85                        4.39 172.93  0.80         4.72 185.72</div>
<div>Port Perry   1.10                        4.64 182.77  0.80         4.72 185.72</div>
<div>Norfolk      0.85                        4.39 172.93  0.80         4.72 185.72</div>
<div>Palmerston   0.85                        4.39 172.93  0.80         4.72 185.72</div>
<div>Varna        0.85                        4.39 172.93  0.80         4.72 185.72</div>
<div>Trenton      1.30                        4.84 190.64  0.85         4.77 187.69</div>
<div>Winchester   1.30                        4.84 190.64  1.02         4.94 194.38</div>
<div>North Gower  1.20                        4.74 186.70  0.97         4.89 192.41</div>
<div>Huron FOB    0.90                        4.44 174.89  0.70         4.62 181.78</div>
<div>Kent FOB     0.85                        4.39 172.93  0.75         4.67 183.75</div>
<div>Lamb FOB     0.90                        4.44 174.89  0.75         4.67 183.75</div>
<div>Mdsx FOB     0.85  0.90  0.95N/A         4.39 172.93  0.75         4.67 183.75</div>
<div>FOB SW Que   1.10                        4.64 182.77N/A</div>
<div>Track        1.23                        4.77 187.69N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth    N/A    1.05  1.10  1.15                   1.10         5.02 197.53</div>
<div>Jhnstwn-Eth N/A  N/A   N/A   N/A                    N/A</div>
<div>Aylmer-Eth  N/A  N/A     1.10  1.15                   0.90         4.82 189.66</div>
<div>Sarn-Eth    N/A    1.15  1.20  1.25                 N/A</div>
<div>Kawartha    N/A  N/A   N/A   N/A                    N/A</div>
<div>London-Ing  N/A  N/A   N/A   N/A                      0.88         4.80 188.87</div>
<div>Pt.Colb-Ing N/A  N/A     1.29  1.34                 N/A</div>
<div>Cardnl-Ing   1.40  1.40N/A   N/A         4.94 194.58  0.94         4.86 191.23</div>
<div>W O Feed     1.39                        4.94 194.34</div>
<div><br>
</div>
<div>US Rep       1.63                        5.17 203.63</div>
<div>Toledo El.  -0.20                        3.34 131.60 -0.33         3.59 141.14</div>
<div><br>
</div>
<div><br>
</div>
<div>MID SD CRN   0.87   1/2                  4.41 3/4</div>
<div>HI SD CRN    0.90                        4.44 1/4</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3337 down 0.0046</div>
<div>Chicago soybeans closed slightly to moderately higher.</div>
<div><br>
</div>
<div>       JAN17   HI 10.20  3/4          NOV17    HI 10.05</div>
<div>              LOW 9.97                        LOW 9.87</div>
<div>             CLOSE10.11  1/4  Up 12 3/4     CLOSE 9.95   Up 6 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         +JAN1+JAN1+MAR17</div>
<div>CK Low       2.40                     12.51 459.762.45      12.40 455.62</div>
<div>CK High      2.45                     12.56 461.592.55      12.50 459.30</div>
<div>CK Average   2.43                -0.6912.54 460.862.49 -0.5912.44 457.21</div>
<div>Essex Cty    2.40                     12.51 459.762.45      12.40 455.62</div>
<div>Mdsx Low     2.43                     12.54 460.862.44      12.39 455.25</div>
<div>Mdsx High    2.45                     12.56 461.592.50      12.45 457.46</div>
<div>Mdsx Average 2.44                -0.6812.55 461.232.47 -0.6112.42 456.36</div>
<div>Hensall      2.45                     12.56 461.592.50      12.45 457.46</div>
<div>Bruce        2.45                     12.56 461.592.50      12.45 457.46</div>
<div>Putnam       2.45                     12.56 461.592.50      12.45 457.46</div>
<div>Burford      2.49                     12.60 463.062.50      12.45 457.46</div>
<div>Port Perry   2.40                     12.51 459.762.41      12.36 454.15</div>
<div>Norfolk      2.45                     12.56 461.592.50      12.45 457.46</div>
<div>Palmerston   2.40                     12.51 459.762.45      12.40 455.62</div>
<div>Varna        2.45                     12.56 461.592.50      12.45 457.46</div>
<div>Trenton      2.50                     12.61 463.432.50      12.45 457.46</div>
<div>Winchester   2.59                     12.70 466.742.53      12.48 458.56</div>
<div>North Gower  2.61                     12.72 467.472.62      12.57 461.87</div>
<div>Huron FOB    2.55                     12.66 465.27 N/A</div>
<div>Kent FOB     2.55                     12.66 465.272.50      12.45 457.46</div>
<div>Lambton FOB  2.80                     12.91 474.452.80      12.75 468.48</div>
<div>Middlesex FOB2.53 2.73 2.80  N/A      12.64 464.532.61      12.56 461.50</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton     2.85 3.12 3.18  N/A      12.96 476.293.03      12.98 476.93</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     2.72                     12.83 471.512.97      12.92 474.73</div>
<div><br>
</div>
<div>Toledo El.   -0.63                     9.49 348.58-0.33      9.62 353.39</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3337 down 0.0046</div>
<div>Chicago wheat closed slightly to moderately higher.</div>
<div>DEC16      HI     4.19  3/4             JUL17   HI      4.65  3/4</div>
<div>           LOW    4.08  1/4                     LOW        4.56</div>
<div>           CLOSE  4.15  1/4  Up 5 1/4           CLOSE   4.63  1/4  Up 6</div>
<div><br>
</div>
<div>Minni wheat closed moderately higher.</div>
<div>DEC16      HI     5.20  1/2             SEP17   HI         5.50</div>
<div>           LOW        5.07                      LOW        5.41</div>
<div>           CLOSE  5.14   Up 7 1/2               CLOSE   5.44  3/4  Up 6</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                 0.64          0.58            0.64          0.37</div>
<div>CAD $/bu              4.80          4.73            4.80          5.51</div>
<div>CAD $/tonne         176.22        173.78          176.22        202.51</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    0.50    N/A    N/A     0.55   0.55    N/A</div>
<div>London      0.50    0.40   0.50    N/A    0.66    0.53   0.60    N/A</div>
<div>Hensall     0.50    N/A    0.50    N/A    0.65    N/A    0.55    N/A</div>
<div>Trenton      N/A    N/A     N/A    N/A    N/A     N/A    0.60    N/A</div>
<div>Bruce       0.50    0.45   0.50   0.30    0.65    0.55   0.55   0.45</div>
<div>Essex        N/A    N/A    0.49    N/A    N/A     N/A    0.55    N/A</div>
<div>Norwich     0.50    N/A    0.50    N/A    0.65    N/A    0.55    N/A</div>
<div>Port Hope    N/A    0.40   0.50    N/A    N/A     0.50   0.55    N/A</div>
<div>Kent Bridge 0.50    N/A    0.50    N/A    0.65    N/A    0.55    N/A</div>
<div>Chatham      N/A    N/A    0.55    N/A    N/A     N/A    0.55    N/A</div>
<div>Brigden      N/A    N/A    0.55    N/A    N/A     N/A    0.55    N/A</div>
<div>Palmerston   N/A    0.50   0.55   0.55    N/A     0.55   0.55   0.55</div>
<div>Varna       0.55    0.55   0.55    N/A    0.60    0.55   0.55    N/A</div>
<div>Mitchell    0.50    0.40   0.50    N/A    0.65    0.50   0.55    N/A</div>
<div>Thornton     N/A    N/A     N/A   0.38    N/A     N/A     N/A    N/A</div>
<div>North Gower  N/A    0.48   0.54   0.17    N/A     0.86   0.86   0.50</div>
<div><br>
</div>
<div>TERMINAL</div>
<div>Prescott     N/A    N/A    0.67   0.57    N/A     0.60   0.83   0.70</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. 4.05US         5.40CA        4.43US          5.89CA</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                 0.86          0.80            0.80          0.60</div>
<div>CAD $/bu              5.49          5.43            5.43          6.05</div>
<div>CAD $/tonne         201.89        199.45          199.45        222.17</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             483.59</div>
<div>DDG's FOB Srn & Aylm      150.00 - 155.00</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>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530"><span style="font-size:10.0pt;line-height:115%;
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background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
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