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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, November 18</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3519 up 0.0090</div>
<div>Chicago corn closed slightly higher.</div>
<div><br>
</div>
<div> DEC16 HI 3.46 3/4 DEC17 HI 3.82 1/2</div>
<div> LOW 3.40 1/2 LOW 3.77</div>
<div> CLOSE3.45 1/2 Up 3 1/2 CLOSE 3.82 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 0.80 4.26 167.51 0.80 4.62 181.88</div>
<div>CK High 0.85 4.31 169.48 0.85 4.67 183.85</div>
<div>CK Avg 0.81 -0.30 4.26 167.84 0.83 -0.36 4.65 183.19</div>
<div>Essex Cty 0.80 4.26 167.51 0.80 4.62 181.88</div>
<div>Mdsx Low 0.80 4.26 167.51 0.85 4.67 183.85</div>
<div>Mdsx High 0.80 4.26 167.51 0.85 4.67 183.85</div>
<div>Mdsx Avg 0.80 -0.30 4.26 167.51 0.85 -0.35 4.67 183.85</div>
<div>Hensall 0.80 4.26 167.51 0.85 4.67 183.85</div>
<div>Bruce 0.85 4.31 169.48 0.80 4.62 181.88</div>
<div>Putnam 0.80 4.26 167.51 0.85 4.67 183.85</div>
<div>Burford 0.80 4.26 167.51 0.85 4.67 183.85</div>
<div>Port Perry 1.15 4.61 181.29 0.85 4.67 183.85</div>
<div>Norfolk 0.80 4.26 167.51 0.85 4.67 183.85</div>
<div>Palmerston 0.80 4.26 167.51 0.80 4.62 181.88</div>
<div>Varna 0.80 4.26 167.51 0.85 4.67 183.85</div>
<div>Trenton 1.30 4.76 187.20 0.90 4.72 185.82</div>
<div>Winchester 1.30 4.76 187.20 1.02 4.84 190.54</div>
<div>North Gower 1.20 4.66 183.26 1.05 4.87 191.72</div>
<div>Huron FOB 0.87 4.33 170.27 0.82 4.64 182.67</div>
<div>Kent FOB 0.80 4.26 167.51 0.85 4.67 183.85</div>
<div>Lamb FOB 0.80 4.26 167.51 0.90 4.72 185.82</div>
<div>Mdsx FOB 0.80 0.75 0.80N/A 4.26 167.51 0.85 4.67 183.85</div>
<div>FOB SW Que 1.20 4.66 183.26N/A</div>
<div>Track 1.23 4.68 184.24N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth N/A 1.05 1.10 1.15 1.10 4.92 193.69</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 4.82 189.76</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 N/A N/A 1.20 1.24 1.10 4.92 193.69</div>
<div>Pt.Colb-Ing N/A 1.20 1.25 1.29 N/A</div>
<div>Cardnl-Ing N/A 1.28N/A N/A 1.15 4.97 195.66</div>
<div>W O Feed 1.39 4.84 190.58</div>
<div><br>
</div>
<div>US Rep 1.60 5.06 199.01</div>
<div>Toledo El. -0.20 3.25 128.04 -0.34 3.48 137.13</div>
<div><br>
</div>
<div><br>
</div>
<div>MID SD CRN 0.82 1/2 4.28</div>
<div>HI SD CRN 0.85 4.30 1/2</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3519 up 0.0090</div>
<div>Chicago soybeans closed mixed.</div>
<div><br>
</div>
<div> JAN17 HI 9.96 1/2 NOV17 HI 9.96 3/4</div>
<div> LOW 9.82 1/4 LOW 9.86</div>
<div> CLOSE9.93 3/4 Up 4 1/4 CLOSE 9.92 3/4 Down 1/4</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 12.49 458.842.55 12.48 458.47</div>
<div>CK High 2.60 12.54 460.672.65 12.58 462.14</div>
<div>CK Average 2.56 -0.6812.50 459.332.60 -0.6212.53 460.37</div>
<div>Essex Cty 2.55 12.49 458.842.60 12.53 460.31</div>
<div>Mdsx Low 2.55 12.49 458.842.55 12.48 458.47</div>
<div>Mdsx High 2.58 12.52 459.942.59 12.52 459.94</div>
<div>Mdsx Average 2.57 -0.6812.50 459.392.57 -0.6512.50 459.20</div>
<div>Hensall 2.55 12.49 458.842.55 12.48 458.47</div>
<div>Bruce 2.55 12.49 458.842.60 12.53 460.31</div>
<div>Putnam 2.55 12.49 458.842.55 12.48 458.47</div>
<div>Burford 2.61 12.55 461.042.62 12.55 461.04</div>
<div>Port Perry 2.55 12.49 458.842.56 12.49 458.84</div>
<div>Norfolk 2.60 12.54 460.672.65 12.58 462.14</div>
<div>Palmerston 2.55 12.49 458.842.60 12.53 460.31</div>
<div>Varna 2.55 12.49 458.842.55 12.48 458.47</div>
<div>Trenton 2.50 12.44 457.002.60 12.53 460.31</div>
<div>Winchester 2.67 12.61 463.252.68 12.61 463.25</div>
<div>North Gower 2.78 12.72 467.292.69 12.62 463.61</div>
<div>Huron FOB 2.65 12.59 462.512.65 12.58 462.14</div>
<div>Kent FOB 2.70 12.64 464.352.65 12.58 462.14</div>
<div>Lambton FOB 2.60 12.54 460.672.90 12.83 471.33</div>
<div>Middlesex FOB2.75 2.95 2.95 N/A 12.69 466.192.76 12.69 466.19</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 3.16 3.30 3.35 N/A 13.10 481.253.20 13.13 482.35</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 12.89 473.533.07 13.00 477.58</div>
<div><br>
</div>
<div>Toledo El. -0.63 9.30 341.82-0.34 9.59 352.40</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3519 up 0.0090</div>
<div>Chicago wheat closed slightly higher.</div>
<div>DEC16 HI 4.10 JUL17 HI 4.54 1/2</div>
<div> LOW 4.00 1/4 LOW 4.44 3/4</div>
<div> CLOSE 4.08 Up 5 CLOSE 4.53 3/4 Up 5 1/2</div>
<div><br>
</div>
<div>Minni wheat closed narrowly mixed.</div>
<div>DEC16 HI 5.33 SEP17 HI 5.44</div>
<div> LOW 5.25 LOW 5.41 1/2</div>
<div> CLOSE 5.29 1/4 Up 2 1/2 CLOSE 5.41 1/2 Down 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 0.69 0.62 0.69 0.50</div>
<div>CAD $/bu 4.77 4.70 4.77 5.80</div>
<div>CAD $/tonne 175.16 172.68 175.16 212.99</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 0.61 0.50 0.61 N/A 0.69 0.56 0.63 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 0.55 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 0.21 N/A N/A N/A N/A</div>
<div>North Gower N/A 0.50 0.57 0.29 N/A 0.86 0.86 0.56</div>
<div>W O Feed 1.49</div>
<div><br>
</div>
<div>TERMINAL</div>
<div>Prescott N/A N/A 0.68 0.68 N/A 0.60 0.84 0.81</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Toledo FM N/A N/A 1.43 N/A N/A N/A 1.57 N/A</div>
<div><br>
</div>
<div>Toledo El. 3.98US 5.37CA 4.34US 5.84CA</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 0.90 0.83 0.83 0.67</div>
<div>CAD $/bu 5.44 5.37 5.37 6.08</div>
<div>CAD $/tonne 199.79 197.31 197.31 223.42</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 485.47</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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