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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, November 23</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.347 up 0.0026</div>
<div>Chicago corn closed narrowly mixed.</div>
<div><br>
</div>
<div> DEC16 HI 3.51 DEC17 HI 3.88</div>
<div> LOW 3.46 1/2 LOW 3.83 1/2</div>
<div> CLOSE3.50 3/4 Down 1/4 CLOSE 3.87 3/4 Up 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 4.31 169.58 0.80 4.68 184.15</div>
<div>CK High 0.85 4.36 171.55 0.85 4.73 186.11</div>
<div>CK Avg 0.81 -0.31 4.32 169.91 0.83 -0.38 4.71 185.46</div>
<div>Essex Cty 0.80 4.31 169.58 0.80 4.68 184.15</div>
<div>Mdsx Low 0.80 4.31 169.58 0.85 4.73 186.11</div>
<div>Mdsx High 0.80 4.31 169.58 0.85 4.73 186.11</div>
<div>Mdsx Avg 0.80 -0.31 4.31 169.58 0.85 -0.36 4.73 186.11</div>
<div>Hensall 0.80 4.31 169.58 0.85 4.73 186.11</div>
<div>Bruce 0.80 4.31 169.58 0.85 4.73 186.11</div>
<div>Putnam 0.80 4.31 169.58 0.85 4.73 186.11</div>
<div>Burford 0.80 4.31 169.58 0.85 4.73 186.11</div>
<div>Port Perry 1.15 4.66 183.36 0.90 4.78 188.08</div>
<div>Norfolk 0.85 4.36 171.55 0.85 4.73 186.11</div>
<div>Palmerston 0.80 4.31 169.58 0.80 4.68 184.15</div>
<div>Varna 0.80 4.31 169.58 0.85 4.73 186.11</div>
<div>Trenton 1.25 4.76 187.29 0.90 4.78 188.08</div>
<div>Winchester 1.30 4.81 189.26 1.05 4.93 193.99</div>
<div>North Gower 1.20 4.71 185.33 1.05 4.93 193.99</div>
<div>Huron FOB 0.90 4.41 173.52 0.85 4.73 186.11</div>
<div>Kent FOB 0.80 4.31 169.58 0.85 4.73 186.11</div>
<div>Lamb FOB 0.80 4.31 169.58 0.90 4.78 188.08</div>
<div>Mdsx FOB 0.80 0.90 0.95N/A 4.31 169.58 0.85 4.73 186.11</div>
<div>FOB SW Que 1.06 4.57 179.81N/A</div>
<div>Track 1.23 4.73 186.31N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth N/A 1.10 1.15 1.19 1.10 4.98 195.96</div>
<div>Jhnstwn-Eth N/A N/A N/A N/A N/A</div>
<div>Aylmer-Eth N/A N/A 1.00 1.05 1.00 4.88 192.02</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 4.98 195.96</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 5.03 197.92</div>
<div>W O Feed 1.44 4.95 194.93</div>
<div><br>
</div>
<div>US Rep 1.61 5.12 201.47</div>
<div>Toledo El. -0.20 3.31 130.12 -0.34 3.54 139.40</div>
<div><br>
</div>
<div><br>
</div>
<div>MID SD CRN 0.82 1/2 4.33 1/4</div>
<div>HI SD CRN 0.85 4.35 3/4</div>
<div>*Wet Bid</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.347 up 0.0026</div>
<div>Chicago soybeans closed mixed.</div>
<div><br>
</div>
<div> JAN17 HI 10.35 3/4 NOV17 HI 10.17 1/2</div>
<div> LOW 10.17 1/4 LOW 10.06</div>
<div> CLOSE10.34 1/4 Up 4 1/4 CLOSE 10.16 1/2 Up 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 12.89 473.722.60 12.77 469.03</div>
<div>CK High 2.70 13.04 479.232.80 12.97 476.38</div>
<div>CK Average 2.67 -0.7013.01 478.132.73 -0.5912.89 473.69</div>
<div>Essex Cty 2.55 12.89 473.722.60 12.77 469.03</div>
<div>Mdsx Low 2.67 13.01 478.132.69 12.86 472.34</div>
<div>Mdsx High 2.70 13.04 479.232.75 12.92 474.55</div>
<div>Mdsx Average 2.69 -0.6913.03 478.682.72 -0.5912.89 473.44</div>
<div>Hensall 2.70 13.04 479.232.73 12.89 473.63</div>
<div>Bruce 2.70 13.04 479.232.75 12.92 474.55</div>
<div>Putnam 2.60 12.94 475.562.60 12.77 469.03</div>
<div>Burford 2.70 13.04 479.232.72 12.89 473.44</div>
<div>Port Perry 2.64 12.98 477.032.66 12.83 471.24</div>
<div>Norfolk 2.70 13.04 479.232.80 12.97 476.38</div>
<div>Palmerston 2.55 12.89 473.722.60 12.77 469.03</div>
<div>Varna 2.70 13.04 479.232.70 12.87 472.71</div>
<div>Trenton 2.60 12.94 475.562.70 12.87 472.71</div>
<div>Winchester 2.87 13.21 485.482.68 12.85 471.97</div>
<div>North Gower 2.66 13.00 477.762.72 12.89 473.44</div>
<div>Huron FOB 2.80 13.14 482.902.80 12.97 476.38</div>
<div>Kent FOB 2.80 13.14 482.902.75 12.92 474.55</div>
<div>Lambton FOB 2.70 13.04 479.232.95 13.12 481.89</div>
<div>Middlesex FOB2.92 2.99 3.04 N/A 13.26 487.312.84 13.01 477.85</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 3.31 3.37 3.44 N/A 13.65 501.643.21 13.38 491.45</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 13.29 488.423.07 13.24 486.30</div>
<div><br>
</div>
<div>Toledo El. -0.63 9.71 356.72-0.34 9.83 361.14</div>
<div><br>
</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.347 up 0.0026</div>
<div>Chicago wheat closed slightly lower.</div>
<div>DEC16 HI 4.07 1/4 JUL17 HI 4.56</div>
<div> LOW 3.96 1/4 LOW 4.47 1/4</div>
<div> CLOSE 4.01 1/2 Down 5 3/4 CLOSE 4.52 1/2 Down 3 1/2</div>
<div><br>
</div>
<div>Minni wheat closed narrowly mixed.</div>
<div>DEC16 HI 5.28 1/4 SEP17 HI 5.43 1/4</div>
<div> LOW 5.22 1/4 LOW 5.40 1/2</div>
<div> CLOSE 5.27 1/4 Up 1/4 CLOSE 5.41 1/2 Down 1 1/2</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 0.66 0.59 0.66 0.49</div>
<div>CAD $/bu 4.68 4.61 4.68 5.76</div>
<div>CAD $/tonne 171.78 169.30 171.78 211.82</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 0.55 0.59 N/A 0.70 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 0.70 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 0.14 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 1.57 N/A</div>
<div><br>
</div>
<div>Toledo El. 3.92US 5.28CA 4.33US 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 0.89 0.82 0.82 0.66</div>
<div>CAD $/bu 5.42 5.35 5.35 6.08</div>
<div>CAD $/tonne 199.05 196.58 196.58 223.28</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 497.59</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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