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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, November 21</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3437 down 0.0082</div>
<div>Chicago corn closed slightly higher.</div>
<div><br>
</div>
<div> DEC16 HI 3.50 DEC17 HI 3.86 1/4</div>
<div> LOW 3.44 3/4 LOW 3.80 3/4</div>
<div> CLOSE3.49 3/4 Up 4 1/4 CLOSE 3.86 Up 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 0.80 4.30 169.19 0.80 4.66 183.46</div>
<div>CK High 0.85 4.35 171.15 0.85 4.71 185.42</div>
<div>CK Avg 0.81 -0.29 4.31 169.51 0.83 -0.36 4.69 184.77</div>
<div>Essex Cty 0.80 4.30 169.19 0.80 4.66 183.46</div>
<div>Mdsx Low 0.80 4.30 169.19 0.85 4.71 185.42</div>
<div>Mdsx High 0.80 4.30 169.19 0.85 4.71 185.42</div>
<div>Mdsx Avg 0.80 -0.29 4.30 169.19 0.85 -0.34 4.71 185.42</div>
<div>Hensall 0.80 4.30 169.19 0.85 4.71 185.42</div>
<div>Bruce 0.85 4.35 171.15 0.80 4.66 183.46</div>
<div>Putnam 0.80 4.30 169.19 0.85 4.71 185.42</div>
<div>Burford 0.80 4.30 169.19 0.85 4.71 185.42</div>
<div>Port Perry 1.15 4.65 182.96 0.90 4.76 187.39</div>
<div>Norfolk 0.80 4.30 169.19 0.85 4.71 185.42</div>
<div>Palmerston 0.80 4.30 169.19 0.80 4.66 183.46</div>
<div>Varna 0.80 4.30 169.19 0.85 4.71 185.42</div>
<div>Trenton 1.30 4.80 188.87 0.90 4.76 187.39</div>
<div>Winchester 1.25 4.75 186.90 1.05 4.91 193.30</div>
<div>North Gower 1.20 4.70 184.93 1.05 4.91 193.30</div>
<div>Huron FOB 0.87 4.37 171.94 0.82 4.68 184.24</div>
<div>Kent FOB 0.80 4.30 169.19 0.85 4.71 185.42</div>
<div>Lamb FOB 0.80 4.30 169.19 0.90 4.76 187.39</div>
<div>Mdsx FOB 0.80 0.90 0.95N/A 4.30 169.19 0.85 4.71 185.42</div>
<div>FOB SW Que 1.20 4.70 184.93N/A</div>
<div>Track 1.23 4.72 185.92N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth N/A 1.10 1.15 1.19 1.10 4.96 195.27</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 4.86 191.33</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 4.96 195.27</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 5.01 197.23</div>
<div>W O Feed 1.39 4.88 192.25</div>
<div><br>
</div>
<div>US Rep 1.60 5.10 200.68</div>
<div>Toledo El. -0.20 3.30 129.77 -0.33 3.53 138.78</div>
<div><br>
</div>
<div><br>
</div>
<div>MID SD CRN 0.82 1/2 4.32 1/4</div>
<div>HI SD CRN 0.85 4.34 3/4</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3437 down 0.0082</div>
<div>Chicago soybeans closed moderately higher to higher.</div>
<div><br>
</div>
<div> JAN17 HI 10.21 1/2 NOV17 HI 10.11</div>
<div> LOW 9.95 1/2 LOW 9.92 3/4</div>
<div> CLOSE10.20 1/4 Up 26 1/2 CLOSE 10.09 3/4 Up 17</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 12.75 468.572.56 12.66 465.08</div>
<div>CK High 2.60 12.80 470.412.65 12.75 468.39</div>
<div>CK Average 2.58 -0.6812.78 469.492.61 -0.6112.71 466.92</div>
<div>Essex Cty 2.55 12.75 468.572.60 12.70 466.55</div>
<div>Mdsx Low 2.55 12.75 468.572.54 12.64 464.35</div>
<div>Mdsx High 2.60 12.80 470.412.60 12.70 466.55</div>
<div>Mdsx Average 2.58 -0.6812.78 469.492.57 -0.6412.67 465.45</div>
<div>Hensall 2.60 12.80 470.412.60 12.70 466.55</div>
<div>Bruce 2.60 12.80 470.412.60 12.70 466.55</div>
<div>Putnam 2.60 12.80 470.412.60 12.70 466.55</div>
<div>Burford 2.58 12.78 469.682.57 12.67 465.45</div>
<div>Port Perry 2.52 12.72 467.472.51 12.61 463.25</div>
<div>Norfolk 2.60 12.80 470.412.65 12.75 468.39</div>
<div>Palmerston 2.55 12.75 468.572.60 12.70 466.55</div>
<div>Varna 2.55 12.75 468.572.55 12.65 464.72</div>
<div>Trenton 2.50 12.70 466.742.55 12.65 464.72</div>
<div>Winchester 2.64 12.84 471.882.61 12.71 466.92</div>
<div>North Gower 2.62 12.82 471.152.72 12.82 470.96</div>
<div>Huron FOB 2.70 12.90 474.092.70 12.80 470.23</div>
<div>Kent FOB 2.60 12.80 470.412.65 12.75 468.39</div>
<div>Lambton FOB 2.60 12.80 470.412.90 13.00 477.58</div>
<div>Middlesex FOB2.75 2.95 2.95 2.95 12.95 475.922.74 12.84 471.70</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 3.22 3.30 3.35 N/A 13.42 493.193.15 13.25 486.76</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 13.15 483.273.07 13.17 483.82</div>
<div><br>
</div>
<div>Toledo El. -0.63 9.57 351.71-0.33 9.76 358.72</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3437 down 0.0082</div>
<div>Chicago wheat closed slightly higher.</div>
<div>DEC16 HI 4.12 JUL17 HI 4.57 1/2</div>
<div> LOW 4.04 1/2 LOW 4.50 3/4</div>
<div> CLOSE 4.10 1/4 Up 2 1/4 CLOSE 4.54 3/4 Up 1</div>
<div><br>
</div>
<div>Minni wheat closed slightly lower.</div>
<div>DEC16 HI 5.31 1/4 SEP17 HI 5.43 3/4</div>
<div> LOW 5.25 LOW 5.39 3/4</div>
<div> CLOSE 5.26 3/4 Down 2 1/2 CLOSE 5.39 3/4 Down 1 3/4</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 0.66 0.60 0.66 0.46</div>
<div>CAD $/bu 4.77 4.70 4.77 5.72</div>
<div>CAD $/tonne 175.11 172.64 175.11 210.35</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 0.68 0.55 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 0.65 N/A</div>
<div>Bruce 0.60 0.45 0.60 0.55 0.70 0.55 0.60 0.55</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 0.52 0.59 0.30 N/A 0.88 0.88 0.57</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 1.40 N/A N/A N/A 1.54 N/A</div>
<div><br>
</div>
<div>Toledo El. 4.00US 5.37CA 4.35US 5.82CA</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 0.87 0.81 0.81 0.62</div>
<div>CAD $/bu 5.42 5.35 5.35 6.02</div>
<div>CAD $/tonne 199.14 196.68 196.68 221.28</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 495.72</div>
<div>DDG's FOB Srn & Aylm 150.00 - 155.00</div>
<div><br>
</div>
<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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