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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, November 9</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3408 up 0.0071</div>
<div>Chicago corn closed moderately lower to lower.</div>
<div><br>
</div>
<div>      DEC16   HI 3.55                         DEC17    HI 3.92  1/4</div>
<div>             LOW 3.40  1/2                            LOW 3.80</div>
<div>            CLOSE3.40  3/4  Down 13 1/2             CLOSE 3.80  1/4  Down 11 1/2</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                        4.26 167.61  0.80         4.60 181.19</div>
<div>CK High      0.85                        4.26 167.61  0.80         4.60 181.19</div>
<div>CK Avg       0.85                  -0.23 4.26 167.61  0.80 -0.36   4.60 181.19</div>
<div>Essex Cty    0.85                        4.26 167.61  0.80         4.60 181.19</div>
<div>Mdsx Low     0.85                        4.26 167.61  0.80         4.60 181.19</div>
<div>Mdsx High    0.85                        4.26 167.61  0.80         4.60 181.19</div>
<div>Mdsx Avg     0.85                  -0.23 4.26 167.61  0.80 -0.36   4.60 181.19</div>
<div>Hensall      0.85                        4.26 167.61  0.80         4.60 181.19</div>
<div>Bruce        0.85                        4.26 167.61  0.80         4.60 181.19</div>
<div>Putnam       0.85                        4.26 167.61  0.80         4.60 181.19</div>
<div>Burford      0.85                        4.26 167.61  0.80         4.60 181.19</div>
<div>Port Perry   1.10                        4.51 177.45  0.80         4.60 181.19</div>
<div>Norfolk      0.85                        4.26 167.61  0.80         4.60 181.19</div>
<div>Palmerston   0.85                        4.26 167.61  0.80         4.60 181.19</div>
<div>Varna        0.85                        4.26 167.61  0.80         4.60 181.19</div>
<div>Trenton      1.30                        4.71 185.33  0.85         4.65 183.16</div>
<div>Winchester   1.30                        4.71 185.33  1.02         4.82 189.85</div>
<div>North Gower  1.20                        4.61 181.39  0.92         4.72 185.92</div>
<div>Huron FOB    0.90                        4.31 169.58  0.70         4.50 177.26</div>
<div>Kent FOB     0.85                        4.26 167.61  0.75         4.55 179.22</div>
<div>Lamb FOB     0.90                        4.31 169.58  0.75         4.55 179.22</div>
<div>Mdsx FOB     0.85  0.90  0.95N/A         4.26 167.61  0.75         4.55 179.22</div>
<div>FOB SW Que   1.10                        4.51 177.45N/A</div>
<div>Track        1.25                        4.66 183.36N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth    N/A    1.05  1.10  1.15                   1.10         4.90 193.00</div>
<div>Jhnstwn-Eth N/A  N/A   N/A   N/A                    N/A</div>
<div>Aylmer-Eth  N/A  N/A     1.15  1.15                   0.90         4.70 185.13</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   1.15N/A   N/A   N/A         4.56 179.42  0.88         4.68 184.34</div>
<div>Pt.Colb-Ing N/A  N/A     1.29  1.34                 N/A</div>
<div>Cardnl-Ing  N/A    1.29N/A   N/A                      0.94         4.74 186.70</div>
<div>W O Feed     1.36                        4.77 187.69</div>
<div><br>
</div>
<div>US Rep       1.64                        5.05 198.71</div>
<div>Toledo El.  -0.20                        3.21 126.23 -0.33         3.47 136.52</div>
<div><br>
</div>
<div><br>
</div>
<div>MID SD CRN   0.85                        4.25 3/4</div>
<div>HI SD CRN    0.85                        4.25 3/4</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3408 up 0.0071</div>
<div>Chicago soybeans closed slightly to moderately lower.</div>
<div><br>
</div>
<div>       JAN17   HI 10.17  1/2          NOV17    HI 10.03</div>
<div>              LOW 9.84  1/4                   LOW 9.80  3/4</div>
<div>             CLOSE9.91   Down 20 1/4        CLOSE 9.85  1/2  Down 9 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         +JAN1+JAN1+MAR17</div>
<div>CK Low       2.50                     12.41 455.992.55      12.41 455.81</div>
<div>CK High      2.60                     12.51 459.662.60      12.46 457.64</div>
<div>CK Average   2.54                -0.6212.45 457.582.58 -0.5712.43 456.72</div>
<div>Essex Cty    2.55                     12.46 457.832.60      12.46 457.64</div>
<div>Mdsx Low     2.51                     12.42 456.362.53      12.39 455.07</div>
<div>Mdsx High    2.55                     12.46 457.832.55      12.41 455.81</div>
<div>Mdsx Average 2.53                -0.6312.44 457.092.54 -0.6012.40 455.44</div>
<div>Hensall      2.55                     12.46 457.832.58      12.43 456.72</div>
<div>Bruce        2.55                     12.46 457.832.55      12.41 455.81</div>
<div>Putnam       2.45                     12.36 454.152.50      12.36 453.97</div>
<div>Burford      2.54                     12.45 457.462.56      12.42 456.17</div>
<div>Port Perry   2.48                     12.39 455.252.50      12.36 453.97</div>
<div>Norfolk      2.50                     12.41 455.992.55      12.41 455.81</div>
<div>Palmerston   2.55                     12.46 457.832.60      12.46 457.64</div>
<div>Varna        2.55                     12.46 457.832.60      12.46 457.64</div>
<div>Trenton      2.55                     12.46 457.832.55      12.41 455.81</div>
<div>Winchester   2.59                     12.50 459.302.53      12.39 455.07</div>
<div>North Gower  2.69                     12.60 462.972.74      12.60 462.79</div>
<div>Huron FOB    2.65                     12.56 461.502.65      12.51 459.48</div>
<div>Kent FOB     2.60                     12.51 459.662.55      12.41 455.81</div>
<div>Lambton FOB  2.90                     12.81 470.692.90      12.76 468.67</div>
<div>Middlesex FOB2.61 2.81 2.88  N/A      12.52 460.032.70      12.56 461.32</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton     2.85 3.12 3.19  N/A      12.76 468.853.06      12.92 474.55</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     2.81                     12.72 467.383.05      12.91 474.18</div>
<div><br>
</div>
<div>Toledo El.   -0.63                     9.28 340.98-0.33      9.52 349.81</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3408 up 0.0071</div>
<div>Chicago wheat closed moderately lower.</div>
<div>DEC16      HI     4.17  3/4             JUL17   HI      4.63  1/4</div>
<div>           LOW    4.03  3/4                     LOW        4.52</div>
<div>           CLOSE  4.06  3/4  Down 8 1/2         CLOSE   4.55  3/4  Down 7 1/2</div>
<div><br>
</div>
<div>Minni wheat closed narrowly mixed.</div>
<div>DEC16      HI         5.15              SEP17   HI         5.44</div>
<div>           LOW        5.09                      LOW     5.39  1/2</div>
<div>           CLOSE  5.14  1/2  Up  1/2            CLOSE   5.44   Down  3/4</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          0.41</div>
<div>CAD $/bu              4.72          4.65            4.72          5.56</div>
<div>CAD $/tonne         173.25        170.79          173.25        204.16</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    0.55    N/A    N/A     0.55   0.55    N/A</div>
<div>London      0.54    0.43   0.54    N/A    0.70    0.57   0.63    N/A</div>
<div>Hensall     0.55    N/A    0.55    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       0.55    0.50   0.55   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     0.55    N/A    0.55    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 0.55    N/A    0.55    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    0.60    N/A</div>
<div>Brigden      N/A    N/A    0.55    N/A    N/A     N/A    0.60    N/A</div>
<div>Palmerston   N/A    0.50   0.55   0.55    N/A     0.55   0.55   0.55</div>
<div>Varna       0.60    0.60   0.60    N/A    0.65    0.60   0.60    N/A</div>
<div>Mitchell    0.55    0.55   0.55    N/A    0.65    0.50   0.55    N/A</div>
<div>Thornton     N/A    N/A     N/A   0.33    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    0.70   0.62    N/A     0.60   0.86   0.75</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Toledo FM    N/A    N/A    1.38    N/A    N/A     N/A    1.54    N/A</div>
<div><br>
</div>
<div>Toledo El. 3.97US         5.32CA        4.36US          5.83CA</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          0.81            0.81          0.64</div>
<div>CAD $/bu              5.43          5.37            5.37          6.08</div>
<div>CAD $/tonne         199.60        197.14          197.14        223.33</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             486.57</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%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
none">519-674-1530</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;
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p></o:p></span></span></p>
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