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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, November 16</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3416 down 0.0052</div>
<div>Chicago corn closed slightly lower.</div>
<div><br>
</div>
<div> DEC16 HI 3.43 1/2 DEC17 HI 3.81</div>
<div> LOW 3.38 1/2 LOW 3.76</div>
<div> CLOSE3.38 1/2 Down 3 CLOSE 3.76 1/4 Down 3</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 0.80 4.19 164.76 0.80 4.56 179.62</div>
<div>CK High 0.85 4.24 166.72 0.85 4.61 181.59</div>
<div>CK Avg 0.83 -0.25 4.21 165.74 0.83 -0.33 4.60 180.93</div>
<div>Essex Cty 0.85 4.24 166.72 0.80 4.56 179.62</div>
<div>Mdsx Low 0.80 4.19 164.76 0.85 4.61 181.59</div>
<div>Mdsx High 0.80 4.19 164.76 0.85 4.61 181.59</div>
<div>Mdsx Avg 0.80 -0.27 4.19 164.76 0.85 -0.32 4.61 181.59</div>
<div>Hensall 0.83 4.21 165.74 0.85 4.61 181.59</div>
<div>Bruce 0.85 4.24 166.72 0.80 4.56 179.62</div>
<div>Putnam 0.80 4.19 164.76 0.80 4.56 179.62</div>
<div>Burford 0.80 4.19 164.76 0.85 4.61 181.59</div>
<div>Port Perry 1.05 4.44 174.60 0.85 4.61 181.59</div>
<div>Norfolk 0.85 4.24 166.72 0.85 4.61 181.59</div>
<div>Palmerston 0.85 4.24 166.72 0.80 4.56 179.62</div>
<div>Varna 0.85 4.24 166.72 0.85 4.61 181.59</div>
<div>Trenton 1.30 4.69 184.44 0.90 4.66 183.55</div>
<div>Winchester 1.30 4.69 184.44 1.02 4.78 188.28</div>
<div>North Gower 1.20 4.59 180.50 1.00 4.76 187.49</div>
<div>Huron FOB 0.90 4.29 168.69 0.70 4.46 175.68</div>
<div>Kent FOB 0.85 4.24 166.72 0.85 4.61 181.59</div>
<div>Lamb FOB 0.75 4.14 162.79 0.90 4.66 183.55</div>
<div>Mdsx FOB 0.80 0.75 0.80N/A 4.19 164.76 0.85 4.61 181.59</div>
<div>FOB SW Que 1.20 4.59 180.50N/A</div>
<div>Track 1.27 4.65 183.06N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth N/A 1.05 1.10 1.15 1.10 4.86 191.43</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 4.76 187.49</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 4.57 179.72 1.10 4.86 191.43</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 4.91 193.40</div>
<div>W O Feed 1.39 4.77 187.90</div>
<div><br>
</div>
<div>US Rep 1.67 5.06 199.01</div>
<div>Toledo El. -0.20 3.18 125.33 -0.33 3.43 134.95</div>
<div><br>
</div>
<div><br>
</div>
<div>MID SD CRN 0.82 1/2 4.21</div>
<div>HI SD CRN 0.85 4.23 1/2</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3416 down 0.0052</div>
<div>Chicago soybeans closed narrowly mixed.</div>
<div><br>
</div>
<div> JAN17 HI 9.97 3/4 NOV17 HI 9.93</div>
<div> LOW 9.82 3/4 LOW 9.81 3/4</div>
<div> CLOSE9.85 3/4 Down 3 3/4 CLOSE 9.87 Up 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 2.50 12.36 454.062.55 12.42 456.36</div>
<div>CK High 2.56 12.42 456.272.65 12.52 460.03</div>
<div>CK Average 2.54 -0.6312.40 455.652.59 -0.5612.46 457.95</div>
<div>Essex Cty 2.55 12.41 455.902.60 12.47 458.19</div>
<div>Mdsx Low 2.55 12.41 455.902.54 12.41 455.99</div>
<div>Mdsx High 2.56 12.42 456.272.60 12.47 458.19</div>
<div>Mdsx Average 2.56 -0.6212.41 456.082.57 -0.5812.44 457.09</div>
<div>Hensall 2.55 12.41 455.902.60 12.47 458.19</div>
<div>Bruce 2.55 12.41 455.902.60 12.47 458.19</div>
<div>Putnam 2.55 12.41 455.902.60 12.47 458.19</div>
<div>Burford 2.59 12.45 457.372.57 12.44 457.09</div>
<div>Port Perry 2.53 12.39 455.162.51 12.38 454.89</div>
<div>Norfolk 2.50 12.36 454.062.55 12.42 456.36</div>
<div>Palmerston 2.55 12.41 455.902.60 12.47 458.19</div>
<div>Varna 2.55 12.41 455.902.60 12.47 458.19</div>
<div>Trenton 2.50 12.36 454.062.60 12.47 458.19</div>
<div>Winchester 2.63 12.49 458.842.60 12.47 458.19</div>
<div>North Gower 2.76 12.62 463.612.67 12.54 460.77</div>
<div>Huron FOB 2.65 12.51 459.572.70 12.57 461.87</div>
<div>Kent FOB 2.60 12.46 457.732.55 12.42 456.36</div>
<div>Lambton FOB 2.85 12.71 466.922.90 12.77 469.22</div>
<div>Middlesex FOB2.73 2.86 2.93 N/A 12.59 462.512.71 12.58 462.24</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 3.10 3.25 3.30 N/A 12.96 476.113.15 13.02 478.40</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 2.91 12.77 469.133.05 12.92 474.73</div>
<div><br>
</div>
<div>Toledo El. -0.56 9.29 341.47-0.33 9.54 350.36</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3416 down 0.0052</div>
<div>Chicago wheat closed slightly lower.</div>
<div>DEC16 HI 4.01 JUL17 HI 4.48 1/4</div>
<div> LOW 3.96 3/4 LOW 4.42 1/4</div>
<div> CLOSE 3.97 Down 2 CLOSE 4.42 3/4 Down 4</div>
<div><br>
</div>
<div>Minni wheat closed mixed.</div>
<div>DEC16 HI 5.19 3/4 SEP17 HI 5.38</div>
<div> LOW 5.13 3/4 LOW 5.38</div>
<div> CLOSE 5.18 1/2 Up 3 3/4 CLOSE 5.38 Down 1</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 0.62 0.56 0.62 0.44</div>
<div>CAD $/bu 4.59 4.53 4.59 5.62</div>
<div>CAD $/tonne 168.79 166.32 168.79 206.54</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 0.58 0.47 0.58 N/A 0.67 0.54 0.61 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 0.18 N/A N/A N/A N/A</div>
<div>North Gower N/A 0.47 0.54 0.24 N/A 0.86 0.86 0.54</div>
<div>W O Feed 1.49</div>
<div><br>
</div>
<div>TERMINAL</div>
<div>Prescott N/A N/A 0.67 0.64 N/A 0.60 0.83 0.77</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Toledo FM N/A N/A 1.36 N/A N/A N/A 1.50 N/A</div>
<div><br>
</div>
<div>Toledo El. 3.87US 5.20CA 4.23US 5.66CA</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 0.83 0.76 0.76 0.62</div>
<div>CAD $/bu 5.26 5.19 5.19 6.00</div>
<div>CAD $/tonne 193.21 190.75 190.75 220.39</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 483.26</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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