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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, November 22</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3444 up 0.0007</div>
<div>Chicago corn closed slightly higher.</div>
<div><br>
</div>
<div> DEC16 HI 3.51 3/4 DEC17 HI 3.87 3/4</div>
<div> LOW 3.46 LOW 3.82 1/4</div>
<div> CLOSE3.51 Up 1 1/4 CLOSE 3.87 1/4 Up 1 1/4</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 4.31 169.68 0.80 4.67 183.95</div>
<div>CK High 0.85 4.36 171.65 0.85 4.72 185.92</div>
<div>CK Avg 0.81 -0.30 4.32 170.01 0.83 -0.37 4.71 185.26</div>
<div>Essex Cty 0.80 4.31 169.68 0.80 4.67 183.95</div>
<div>Mdsx Low 0.80 4.31 169.68 0.85 4.72 185.92</div>
<div>Mdsx High 0.80 4.31 169.68 0.85 4.72 185.92</div>
<div>Mdsx Avg 0.80 -0.30 4.31 169.68 0.85 -0.35 4.72 185.92</div>
<div>Hensall 0.80 4.31 169.68 0.85 4.72 185.92</div>
<div>Bruce 0.80 4.31 169.68 0.85 4.72 185.92</div>
<div>Putnam 0.80 4.31 169.68 0.85 4.72 185.92</div>
<div>Burford 0.80 4.31 169.68 0.85 4.72 185.92</div>
<div>Port Perry 1.15 4.66 183.46 0.90 4.77 187.89</div>
<div>Norfolk 0.85 4.36 171.65 0.85 4.72 185.92</div>
<div>Palmerston 0.80 4.31 169.68 0.80 4.67 183.95</div>
<div>Varna 0.80 4.31 169.68 0.85 4.72 185.92</div>
<div>Trenton 1.25 4.76 187.39 0.90 4.77 187.89</div>
<div>Winchester 1.30 4.81 189.36 1.00 4.87 191.82</div>
<div>North Gower 1.20 4.71 185.42 1.05 4.92 193.79</div>
<div>Huron FOB 0.87 4.38 172.43 0.82 4.69 184.74</div>
<div>Kent FOB 0.80 4.31 169.68 0.85 4.72 185.92</div>
<div>Lamb FOB 0.80 4.31 169.68 0.90 4.77 187.89</div>
<div>Mdsx FOB 0.80 0.90 0.95N/A 4.31 169.68 0.85 4.72 185.92</div>
<div>FOB SW Que 1.06 4.57 179.91N/A</div>
<div>Track 1.23 4.74 186.41N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth N/A 1.10 1.15 1.19 1.10 4.97 195.76</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 4.87 191.82</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 4.97 195.76</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 5.02 197.73</div>
<div>W O Feed 1.44 4.95 195.03</div>
<div><br>
</div>
<div>US Rep 1.61 5.12 201.57</div>
<div>Toledo El. -0.20 3.31 130.25 -0.34 3.54 139.24</div>
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</div>
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</div>
<div>MID SD CRN 0.82 1/2 4.33 1/2</div>
<div>HI SD CRN 0.85 4.361</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3444 up 0.0007</div>
<div>Chicago soybeans closed slightly higher.</div>
<div><br>
</div>
<div> JAN17 HI 10.33 1/4 NOV17 HI 10.18</div>
<div> LOW 10.15 1/4 LOW 10.06 1/4</div>
<div> CLOSE10.30 Up 9 3/4 CLOSE 10.16 1/4 Up 6 1/2</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 12.85 472.162.60 12.76 468.94</div>
<div>CK High 2.60 12.90 473.992.65 12.81 470.78</div>
<div>CK Average 2.58 -0.7112.88 473.262.62 -0.6412.78 469.74</div>
<div>Essex Cty 2.55 12.85 472.162.60 12.76 468.94</div>
<div>Mdsx Low 2.58 12.88 473.262.60 12.76 468.94</div>
<div>Mdsx High 2.60 12.90 473.992.61 12.77 469.31</div>
<div>Mdsx Average 2.59 -0.7112.89 473.632.61 -0.6512.77 469.13</div>
<div>Hensall 2.60 12.90 473.992.60 12.76 468.94</div>
<div>Bruce 2.60 12.90 473.992.60 12.76 468.94</div>
<div>Putnam 2.60 12.90 473.992.60 12.76 468.94</div>
<div>Burford 2.61 12.91 474.362.64 12.80 470.41</div>
<div>Port Perry 2.55 12.85 472.162.58 12.74 468.21</div>
<div>Norfolk 2.60 12.90 473.992.70 12.86 472.62</div>
<div>Palmerston 2.55 12.85 472.162.60 12.76 468.94</div>
<div>Varna 2.55 12.85 472.162.55 12.71 467.10</div>
<div>Trenton 2.50 12.80 470.322.60 12.76 468.94</div>
<div>Winchester 2.67 12.97 476.572.61 12.77 469.31</div>
<div>North Gower 2.66 12.96 476.202.72 12.88 473.35</div>
<div>Huron FOB 2.70 13.00 477.672.70 12.86 472.62</div>
<div>Kent FOB 2.60 12.90 473.992.65 12.81 470.78</div>
<div>Lambton FOB 2.60 12.90 473.992.90 13.06 479.96</div>
<div>Middlesex FOB2.75 2.89 2.95 N/A 13.05 479.512.78 12.94 475.56</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 3.19 3.25 3.31 N/A 13.49 495.673.10 13.26 487.31</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 13.25 486.853.07 13.23 486.21</div>
<div><br>
</div>
<div>Toledo El. -0.63 9.67 355.26-0.34 9.83 361.08</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3444 up 0.0007</div>
<div>Chicago wheat closed narrowly mixed.</div>
<div>DEC16 HI 4.12 1/4 JUL17 HI 4.57 1/2</div>
<div> LOW 4.05 LOW 4.50</div>
<div> CLOSE 4.07 1/4 Down 3 CLOSE 4.56 Up 1 1/4</div>
<div><br>
</div>
<div>Minni wheat closed slightly higher.</div>
<div>DEC16 HI 5.29 SEP17 HI 5.44 1/4</div>
<div> LOW 5.24 LOW 5.40 3/4</div>
<div> CLOSE 5.27 Up 1/4 CLOSE 5.43 Up 3 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 0.66 0.59 0.66 0.47</div>
<div>CAD $/bu 4.73 4.67 4.73 5.74</div>
<div>CAD $/tonne 173.91 171.44 173.91 210.81</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 0.54 0.58 N/A 0.67 0.53 0.60 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 0.70 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 0.19 N/A N/A N/A N/A</div>
<div>North Gower N/A 0.50 0.56 0.26 N/A 0.86 0.86 0.52</div>
<div>W O Feed 1.54</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 1.56 N/A</div>
<div><br>
</div>
<div>Toledo El. 3.97US 5.34CA 4.36US 5.85CA</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 0.89 0.82 0.82 0.65</div>
<div>CAD $/bu 5.45 5.38 5.38 6.08</div>
<div>CAD $/tonne 200.21 197.75 197.75 223.39</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 501.45</div>
<div>DDG's FOB Srn & Aylm 150.00 - 155.00</div>
<div><br>
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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%;
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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