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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, November 15</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3468 down 0.0114</div>
<div>Chicago corn closed slightly higher.</div>
<div><br>
</div>
<div> DEC16 HI 3.42 1/4 DEC17 HI 3.79 3/4</div>
<div> LOW 3.35 3/4 LOW 3.74 1/4</div>
<div> CLOSE3.41 1/2 Up 4 1/4 CLOSE 3.79 1/4 Up 3 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 4.27 167.91 0.80 4.59 180.80</div>
<div>CK High 0.85 4.27 167.91 0.85 4.64 182.77</div>
<div>CK Avg 0.85 -0.25 4.27 167.91 0.83 -0.35 4.63 182.11</div>
<div>Essex Cty 0.85 4.27 167.91 0.80 4.59 180.80</div>
<div>Mdsx Low 0.85 4.27 167.91 0.85 4.64 182.77</div>
<div>Mdsx High 0.85 4.27 167.91 0.85 4.64 182.77</div>
<div>Mdsx Avg 0.85 -0.25 4.27 167.91 0.85 -0.34 4.64 182.77</div>
<div>Hensall 0.85 4.27 167.91 0.85 4.64 182.77</div>
<div>Bruce 0.85 4.27 167.91 0.80 4.59 180.80</div>
<div>Putnam 0.85 4.27 167.91 0.80 4.59 180.80</div>
<div>Burford 0.85 4.27 167.91 0.85 4.64 182.77</div>
<div>Port Perry 1.10 4.52 177.75 0.85 4.64 182.77</div>
<div>Norfolk 0.85 4.27 167.91 0.85 4.64 182.77</div>
<div>Palmerston 0.85 4.27 167.91 0.80 4.59 180.80</div>
<div>Varna 0.85 4.27 167.91 0.85 4.64 182.77</div>
<div>Trenton 1.30 4.72 185.62 0.90 4.69 184.74</div>
<div>Winchester 1.30 4.72 185.62 1.02 4.81 189.46</div>
<div>North Gower 1.20 4.62 181.68 0.97 4.76 187.49</div>
<div>Huron FOB 0.90 4.32 169.87 0.70 4.49 176.86</div>
<div>Kent FOB 0.85 4.27 167.91 0.85 4.64 182.77</div>
<div>Lamb FOB 0.75 4.17 163.97 0.90 4.69 184.74</div>
<div>Mdsx FOB 0.85 0.90 0.95N/A 4.27 167.91 0.85 4.64 182.77</div>
<div>FOB SW Que 1.10 4.52 177.75N/A</div>
<div>Track 1.27 4.68 184.24N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth N/A 1.05 1.10 1.15 1.10 4.89 192.61</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 4.79 188.67</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 1.18N/A N/A N/A 4.60 180.90 1.10 4.89 192.61</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 4.94 194.58</div>
<div>W O Feed 1.37 4.78 188.30</div>
<div><br>
</div>
<div>US Rep 1.67 5.09 200.19</div>
<div>Toledo El. -0.20 3.21 126.49 -0.34 3.46 136.08</div>
<div><br>
</div>
<div><br>
</div>
<div>MID SD CRN 0.85 4.26 1/2</div>
<div>HI SD CRN 0.85 4.26 1/2</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3468 down 0.0114</div>
<div>Chicago soybeans closed slightly higher.</div>
<div><br>
</div>
<div> JAN17 HI 9.92 3/4 NOV17 HI 9.88 3/4</div>
<div> LOW 9.78 3/4 LOW 9.76 1/2</div>
<div> CLOSE9.89 1/2 Up 5 1/4 CLOSE 9.86 1/4 Up 5</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 12.45 457.282.59 12.45 457.55</div>
<div>CK High 2.55 12.45 457.282.65 12.51 459.76</div>
<div>CK Average 2.55 -0.6512.45 457.282.61 -0.5812.47 458.16</div>
<div>Essex Cty 2.55 12.45 457.282.60 12.46 457.92</div>
<div>Mdsx Low 2.55 12.45 457.282.57 12.43 456.82</div>
<div>Mdsx High 2.55 12.45 457.282.60 12.46 457.92</div>
<div>Mdsx Average 2.55 -0.6512.45 457.282.59 -0.6012.45 457.37</div>
<div>Hensall 2.55 12.45 457.282.60 12.46 457.92</div>
<div>Bruce 2.55 12.45 457.282.60 12.46 457.92</div>
<div>Putnam 2.55 12.45 457.282.60 12.46 457.92</div>
<div>Burford 2.58 12.48 458.382.60 12.46 457.92</div>
<div>Port Perry 2.52 12.42 456.172.54 12.40 455.71</div>
<div>Norfolk 2.55 12.45 457.282.60 12.46 457.92</div>
<div>Palmerston 2.55 12.45 457.282.60 12.46 457.92</div>
<div>Varna 2.55 12.45 457.282.60 12.46 457.92</div>
<div>Trenton 2.55 12.45 457.282.60 12.46 457.92</div>
<div>Winchester 2.66 12.56 461.322.65 12.51 459.76</div>
<div>North Gower 2.70 12.60 462.792.65 12.51 459.76</div>
<div>Huron FOB 2.65 12.55 460.952.70 12.56 461.59</div>
<div>Kent FOB 2.65 12.55 460.952.60 12.46 457.92</div>
<div>Lambton FOB 2.85 12.75 468.302.90 12.76 468.94</div>
<div>Middlesex FOB2.69 2.82 2.89 N/A 12.59 462.422.74 12.60 463.06</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 3.05 3.20 3.25 N/A 12.95 475.653.10 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 12.85 471.973.10 12.96 476.29</div>
<div><br>
</div>
<div>Toledo El. -0.63 9.26 340.33-0.34 9.53 350.04</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3468 down 0.0114</div>
<div>Chicago wheat closed slightly higher.</div>
<div>DEC16 HI 4.02 JUL17 HI 4.47 1/2</div>
<div> LOW 3.92 3/4 LOW 4.40</div>
<div> CLOSE 3.99 Up 5 CLOSE 4.46 3/4 Up 5 1/4</div>
<div><br>
</div>
<div>Minni wheat closed slightly higher.</div>
<div>DEC16 HI 5.18 SEP17 HI 5.41</div>
<div> LOW 5.12 LOW 5.38 1/4</div>
<div> CLOSE 5.14 3/4 Up 2 3/4 CLOSE 5.39 Up 2</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 0.57 0.64 0.44</div>
<div>CAD $/bu 4.63 4.56 4.63 5.58</div>
<div>CAD $/tonne 170.18 167.70 170.18 205.18</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 0.59 0.48 0.59 N/A 0.69 0.56 0.62 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 0.51 N/A N/A N/A 0.56 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 0.25 N/A N/A N/A N/A</div>
<div>North Gower N/A 0.49 0.56 0.27 N/A 0.87 0.87 0.58</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 1.38 N/A N/A N/A 1.53 N/A</div>
<div><br>
</div>
<div>Toledo El. 3.89US 5.24CA 4.27US 5.73CA</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 0.64</div>
<div>CAD $/bu 5.33 5.26 5.26 6.03</div>
<div>CAD $/tonne 195.84 193.37 193.37 221.63</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 485.14</div>
<div>DDG's FOB Srn & Aylm 150.00 - 155.00</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"><o:p> </o:p></span></p>
<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%;
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