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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, November 14</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3582 up 0.0107</div>
<div>Chicago corn closed slightly lower.</div>
<div><br>
</div>
<div>      DEC16   HI 3.41                         DEC17    HI 3.79  3/4</div>
<div>             LOW 3.35  1/2                            LOW 3.75</div>
<div>            CLOSE3.37  1/4  Down 3                  CLOSE 3.75  3/4  Down 3 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        +MAR17+MAR17+MAR17</div>
<div>CK Low       0.85                        4.22 166.23  0.80         4.56 179.42</div>
<div>CK High      0.85                        4.22 166.23  0.85         4.61 181.39</div>
<div>CK Avg       0.85                  -0.26 4.22 166.23  0.81 -0.38   4.57 179.75</div>
<div>Essex Cty    0.85                        4.22 166.23  0.80         4.56 179.42</div>
<div>Mdsx Low     0.85                        4.22 166.23  0.80         4.56 179.42</div>
<div>Mdsx High    0.85                        4.22 166.23  0.85         4.61 181.39</div>
<div>Mdsx Avg     0.85                  -0.26 4.22 166.23  0.83 -0.37   4.58 180.41</div>
<div>Hensall      0.85                        4.22 166.23  0.83         4.58 180.41</div>
<div>Bruce        0.85                        4.22 166.23  0.80         4.56 179.42</div>
<div>Putnam       0.85                        4.22 166.23  0.80         4.56 179.42</div>
<div>Burford      0.85                        4.22 166.23  0.85         4.61 181.39</div>
<div>Port Perry   1.10                        4.47 176.07  0.85         4.61 181.39</div>
<div>Norfolk      0.85                        4.22 166.23  0.85         4.61 181.39</div>
<div>Palmerston   0.85                        4.22 166.23  0.80         4.56 179.42</div>
<div>Varna        0.85                        4.22 166.23  0.85         4.61 181.39</div>
<div>Trenton      1.30                        4.67 183.95  0.85         4.61 181.39</div>
<div>Winchester   1.30                        4.67 183.95  1.02         4.78 188.08</div>
<div>North Gower  1.20                        4.57 180.01  1.00         4.76 187.29</div>
<div>Huron FOB    0.90                        4.27 168.20  0.75         4.51 177.45</div>
<div>Kent FOB     0.85                        4.22 166.23  0.85         4.61 181.39</div>
<div>Lamb FOB     0.75                        4.12 162.30  0.90         4.66 183.36</div>
<div>Mdsx FOB     0.85  0.90  0.95N/A         4.22 166.23  0.85         4.61 181.39</div>
<div>FOB SW Que   1.10                        4.47 176.07N/A</div>
<div>Track        1.28                        4.65 182.96N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth    N/A    1.05  1.10  1.15                   1.10         4.86 191.23</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                   1.00         4.76 187.29</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         4.57 180.01  1.10         4.86 191.23</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         4.91 193.20</div>
<div>W O Feed     1.37                        4.74 186.63</div>
<div><br>
</div>
<div>US Rep       1.67                        5.04 198.51</div>
<div>Toledo El.  -0.20                        3.17 124.76 -0.34         3.42 134.61</div>
<div><br>
</div>
<div><br>
</div>
<div>MID SD CRN   0.85                        4.22 1/4</div>
<div>HI SD CRN    0.85                        4.22 1/4</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3582 up 0.0107</div>
<div>Chicago soybeans closed slightly lower.</div>
<div><br>
</div>
<div>       JAN17   HI 9.89  3/4           NOV17    HI 9.87  1/2</div>
<div>              LOW 9.75  1/4                   LOW 9.75  1/2</div>
<div>             CLOSE9.84  1/4  Down 1 3/4     CLOSE 9.81  1/4  Down 2 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       2.53                     12.37 454.612.60      12.41 456.08</div>
<div>CK High      2.55                     12.39 455.352.65      12.46 457.92</div>
<div>CK Average   2.55                -0.7012.39 455.222.61 -0.6312.42 456.45</div>
<div>Essex Cty    2.55                     12.39 455.352.60      12.41 456.08</div>
<div>Mdsx Low     2.53                     12.37 454.612.59      12.40 455.71</div>
<div>Mdsx High    2.55                     12.39 455.352.60      12.41 456.08</div>
<div>Mdsx Average 2.54                -0.7112.38 454.982.60 -0.6412.41 455.90</div>
<div>Hensall      2.58                     12.42 456.272.63      12.44 457.00</div>
<div>Bruce        2.55                     12.39 455.352.60      12.41 456.08</div>
<div>Putnam       2.55                     12.39 455.352.60      12.41 456.08</div>
<div>Burford      2.56                     12.40 455.712.62      12.43 456.82</div>
<div>Port Perry   2.50                     12.34 453.512.56      12.37 454.61</div>
<div>Norfolk      2.55                     12.39 455.352.60      12.41 456.08</div>
<div>Palmerston   2.55                     12.39 455.352.60      12.41 456.08</div>
<div>Varna        2.60                     12.44 457.182.65      12.46 457.92</div>
<div>Trenton      2.60                     12.44 457.182.65      12.46 457.92</div>
<div>Winchester   2.65                     12.49 459.022.64      12.45 457.55</div>
<div>North Gower  2.78                     12.62 463.802.70      12.51 459.76</div>
<div>Huron FOB    2.70                     12.54 460.862.75      12.56 461.59</div>
<div>Kent FOB     2.65                     12.49 459.022.60      12.41 456.08</div>
<div>Lambton FOB  2.85                     12.69 466.372.90      12.71 467.10</div>
<div>Middlesex FOB2.70 2.83 2.90  N/A      12.54 460.862.76      12.57 461.96</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton     3.10 3.22 3.30  N/A      12.94 475.563.15      12.96 476.29</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     2.95                     12.79 470.043.10      12.91 474.45</div>
<div><br>
</div>
<div>Toledo El.   -0.64                     9.21 338.24-0.34      9.47 348.12</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3582 up 0.0107</div>
<div>Chicago wheat closed moderately lower.</div>
<div>DEC16      HI     4.03  3/4             JUL17   HI      4.52  1/4</div>
<div>           LOW    3.92  1/2                     LOW     4.40  3/4</div>
<div>           CLOSE  3.94   Down 9                 CLOSE   4.41  1/2  Down 10 3/4</div>
<div><br>
</div>
<div>Minni wheat closed moderately lower.</div>
<div>DEC16      HI         5.21              SEP17   HI      5.46  1/2</div>
<div>           LOW    5.11  1/2                     LOW     5.36  1/2</div>
<div>           CLOSE  5.12   Down 8                 CLOSE   5.37   Down 8</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                 0.66          0.59            0.66          0.47</div>
<div>CAD $/bu              4.60          4.53            4.60          5.59</div>
<div>CAD $/tonne         168.89        166.39          168.89        205.25</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      0.60    0.49   0.60    N/A    0.71    0.57   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    0.45   0.60   0.55    N/A     0.55   0.60   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   0.23    N/A     N/A     N/A    N/A</div>
<div>North Gower  N/A    0.50   0.58   0.29    N/A     0.90   0.90   0.59</div>
<div><br>
</div>
<div>TERMINAL</div>
<div>Prescott     N/A    N/A    0.70   0.69    N/A     0.60   0.86   0.82</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Toledo FM    N/A    N/A    1.40    N/A    N/A     N/A    1.56    N/A</div>
<div><br>
</div>
<div>Toledo El. 3.84US         5.21CA        4.22US          5.70CA</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                 0.88          0.81            0.81          0.68</div>
<div>CAD $/bu              5.30          5.23            5.23          6.05</div>
<div>CAD $/tonne         194.64        192.16          192.16        222.24</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             484.91</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>
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