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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, November 11</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3475 up 0.0000</div>
<div>Chicago corn closed slightly lower.</div>
<div><br>
</div>
<div>      DEC16   HI 3.45                         DEC17    HI 3.83  1/4</div>
<div>             LOW 3.39                                 LOW 3.78</div>
<div>            CLOSE3.40  1/4  Down 3 1/4              CLOSE 3.79  1/2  Down 2 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                        4.25 167.41  0.80         4.60 180.90</div>
<div>CK High      0.85                        4.25 167.41  0.85         4.65 182.87</div>
<div>CK Avg       0.85                  -0.26 4.25 167.41  0.81 -0.38   4.60 181.23</div>
<div>Essex Cty    0.85                        4.25 167.41  0.80         4.60 180.90</div>
<div>Mdsx Low     0.85                        4.25 167.41  0.80         4.60 180.90</div>
<div>Mdsx High    0.85                        4.25 167.41  0.80         4.60 180.90</div>
<div>Mdsx Avg     0.85                  -0.26 4.25 167.41  0.80 -0.39   4.60 180.90</div>
<div>Hensall      0.85                        4.25 167.41  0.83         4.62 181.88</div>
<div>Bruce        0.85                        4.25 167.41  0.80         4.60 180.90</div>
<div>Putnam       0.85                        4.25 167.41  0.80         4.60 180.90</div>
<div>Burford      0.85                        4.25 167.41  0.80         4.60 180.90</div>
<div>Port Perry   1.10                        4.50 177.26  0.80         4.60 180.90</div>
<div>Norfolk      0.85                        4.25 167.41  0.85         4.65 182.87</div>
<div>Palmerston   0.85                        4.25 167.41  0.80         4.60 180.90</div>
<div>Varna        0.85                        4.25 167.41  0.85         4.65 182.87</div>
<div>Trenton      1.30                        4.70 185.13  0.85         4.65 182.87</div>
<div>Winchester   1.30                        4.70 185.13  1.02         4.82 189.56</div>
<div>North Gower  1.20                        4.60 181.19  0.98         4.78 187.98</div>
<div>Huron FOB    0.90                        4.30 169.38  0.75         4.55 178.93</div>
<div>Kent FOB     0.85                        4.25 167.41  0.85         4.65 182.87</div>
<div>Lamb FOB     0.90                        4.30 169.38  0.90         4.70 184.83</div>
<div>Mdsx FOB     0.85  0.90  0.95N/A         4.25 167.41  0.75         4.55 178.93</div>
<div>FOB SW Que   1.10                        4.50 177.26N/A</div>
<div>Track        1.28                        4.68 184.15N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth    N/A    1.05  1.10  1.15                   1.10         4.90 192.71</div>
<div>Jhnstwn-Eth N/A  N/A   N/A   N/A                    N/A</div>
<div>Aylmer-Eth  N/A  N/A     1.10  1.10                   1.00         4.80 188.77</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   1.20N/A   N/A   N/A         4.60 181.19  1.10         4.90 192.71</div>
<div>Pt.Colb-Ing N/A  N/A     1.28  1.32                 N/A</div>
<div>Cardnl-Ing  N/A    1.30N/A   N/A                      1.15         4.95 194.68</div>
<div>W O Feed     1.37                        4.77 187.81</div>
<div><br>
</div>
<div>US Rep       1.67                        5.07 199.70</div>
<div>Toledo El.  -0.20                        3.20 125.95 -0.34         3.46 136.12</div>
<div><br>
</div>
<div><br>
</div>
<div>MID SD CRN   0.85                        4.25 1/4</div>
<div>HI SD CRN    0.85                        4.25 1/4</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3475 up 0.0000</div>
<div>Chicago soybeans closed slightly to moderately lower.</div>
<div><br>
</div>
<div>       JAN17   HI 10.18               NOV17    HI 10.10</div>
<div>              LOW 9.77                        LOW 9.76  3/4</div>
<div>             CLOSE9.86   Down 12            CLOSE 9.84   Down 9 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       2.55                     12.41 455.992.60      12.44 457.09</div>
<div>CK High      2.60                     12.46 457.832.70      12.54 460.77</div>
<div>CK Average   2.59                -0.6712.45 457.402.64 -0.5912.48 458.62</div>
<div>Essex Cty    2.55                     12.41 455.992.60      12.44 457.09</div>
<div>Mdsx Low     2.58                     12.44 457.092.63      12.47 458.19</div>
<div>Mdsx High    2.60                     12.46 457.832.65      12.49 458.93</div>
<div>Mdsx Average 2.59                -0.6712.45 457.462.64 -0.5912.48 458.56</div>
<div>Hensall      2.60                     12.46 457.832.65      12.49 458.93</div>
<div>Bruce        2.55                     12.41 455.992.60      12.44 457.09</div>
<div>Putnam       2.55                     12.41 455.992.60      12.44 457.09</div>
<div>Burford      2.61                     12.47 458.192.66      12.50 459.30</div>
<div>Port Perry   2.55                     12.41 455.992.60      12.44 457.09</div>
<div>Norfolk      2.60                     12.46 457.832.65      12.49 458.93</div>
<div>Palmerston   2.55                     12.41 455.992.60      12.44 457.09</div>
<div>Varna        2.60                     12.46 457.832.65      12.49 458.93</div>
<div>Trenton      2.60                     12.46 457.832.60      12.44 457.09</div>
<div>Winchester   2.75                     12.61 463.342.64      12.48 458.56</div>
<div>North Gower  2.72                     12.58 462.242.74      12.58 462.24</div>
<div>Huron FOB    2.70                     12.56 461.502.75      12.59 462.60</div>
<div>Kent FOB     2.70                     12.56 461.502.65      12.49 458.93</div>
<div>Lambton FOB  2.90                     12.76 468.852.90      12.74 468.11</div>
<div>Middlesex FOB2.75 2.89 2.89  N/A      12.61 463.342.80      12.64 464.44</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton     3.15 3.30 3.35  N/A      13.01 478.043.20      13.04 479.14</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                     12.67 465.543.05      12.89 473.63</div>
<div><br>
</div>
<div>Toledo El.   -0.64                     9.22 338.91-0.34      9.50 349.16</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3475 up 0.0000</div>
<div>Chicago wheat closed slightly lower to steady.</div>
<div>DEC16      HI     4.07  1/2             JUL17   HI      4.55  1/2</div>
<div>           LOW        4.01                      LOW     4.49  3/4</div>
<div>           CLOSE  4.03   Down 1 3/4             CLOSE   4.52  1/4  Unchanged</div>
<div><br>
</div>
<div>Minni wheat closed slightly higher.</div>
<div>DEC16      HI     5.20  1/2             SEP17   HI         5.46</div>
<div>           LOW    5.13  3/4                     LOW     5.41  1/2</div>
<div>           CLOSE  5.20   Up 5                   CLOSE   5.45   Up 3 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                 0.68          0.61            0.68          0.49</div>
<div>CAD $/bu              4.71          4.64            4.71          5.69</div>
<div>CAD $/tonne         173.15        170.66          173.15        208.97</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    0.60    N/A    N/A     0.60   0.60    N/A</div>
<div>London      0.55    0.44   0.55    N/A    0.71    0.58   0.64    N/A</div>
<div>Hensall     0.60    N/A    0.60    N/A    0.70    N/A    0.60    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    0.48    N/A    N/A     N/A    0.55    N/A</div>
<div>Norwich     0.60    N/A    0.60    N/A    0.70    N/A    0.60    N/A</div>
<div>Port Hope    N/A    0.60   0.60    N/A    N/A     0.50   0.60    N/A</div>
<div>Kent Bridge 0.60    N/A    0.60    N/A    0.70    N/A    0.60    N/A</div>
<div>Chatham      N/A    N/A    0.60    N/A    N/A     N/A    0.60    N/A</div>
<div>Brigden      N/A    N/A    0.60    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    0.60    0.60   0.60    N/A    0.70    0.55   0.60    N/A</div>
<div>Thornton     N/A    N/A     N/A   0.26    N/A     N/A     N/A    N/A</div>
<div>North Gower  N/A    0.49   0.56   0.24    N/A     0.87   0.87   0.55</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    1.43    N/A    N/A     N/A    1.58    N/A</div>
<div><br>
</div>
<div>Toledo El. 3.93US         5.32CA        4.32US          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                 0.91          0.84            0.84          0.69</div>
<div>CAD $/bu              5.43          5.36            5.36          6.14</div>
<div>CAD $/tonne         199.49        197.01          197.01        225.65</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             482.60</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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