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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, November 25</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3514 up 0.0027</div>
<div>Chicago corn closed slightly lower.</div>
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</div>
<div> MAR17 HI 3.59 1/4 DEC17 HI 3.88</div>
<div> LOW 3.57 1/4 LOW 3.85 3/4</div>
<div> CLOSE3.58 1/4 Down 1 CLOSE 3.87 1/2 Down 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 0.65 4.23 166.63 0.80 4.68 184.05</div>
<div>CK High 0.76 4.34 170.96 0.85 4.73 186.02</div>
<div>CK Avg 0.67 -0.44 4.25 167.35 0.83 -0.38 4.71 185.36</div>
<div>Essex Cty 0.70 4.28 168.59 0.75 4.63 182.08</div>
<div>Mdsx Low 0.65 4.23 166.63 0.85 4.73 186.02</div>
<div>Mdsx High 0.65 4.23 166.63 0.85 4.73 186.02</div>
<div>Mdsx Avg 0.65 -0.45 4.23 166.63 0.85 -0.37 4.73 186.02</div>
<div>Hensall 0.68 4.26 167.81 0.85 4.73 186.02</div>
<div>Bruce 0.71 4.29 168.99 0.85 4.73 186.02</div>
<div>Putnam 0.66 4.24 167.02 0.85 4.73 186.02</div>
<div>Burford 0.65 4.23 166.63 0.85 4.73 186.02</div>
<div>Port Perry 1.05 4.63 182.37 0.90 4.78 187.98</div>
<div>Norfolk 0.70 4.28 168.59 0.85 4.73 186.02</div>
<div>Palmerston 0.70 4.28 168.59 0.80 4.68 184.05</div>
<div>Varna 0.71 4.29 168.99 0.85 4.73 186.02</div>
<div>Trenton 1.16 4.74 186.70 0.90 4.78 187.98</div>
<div>Winchester 1.21 4.79 188.67 1.05 4.93 193.89</div>
<div>North Gower 1.11 4.69 184.74 1.05 4.93 193.89</div>
<div>Huron FOB 0.81 4.39 172.93 0.85 4.73 186.02</div>
<div>Kent FOB 0.65 4.23 166.63 0.85 4.73 186.02</div>
<div>Lamb FOB 0.71 4.29 168.99 0.90 4.78 187.98</div>
<div>Mdsx FOB 0.65 0.90 0.95N/A 4.23 166.63 0.85 4.73 186.02</div>
<div>FOB SW Que 0.97 4.55 179.22N/A</div>
<div>Track 1.20 4.78 188.28N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth N/A 1.10 1.15 1.19 1.10 4.98 195.86</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 4.88 191.92</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 4.98 195.86</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 5.03 197.83</div>
<div>W O Feed 1.41 4.99 196.55</div>
<div><br>
</div>
<div>US Rep 1.61 5.19 204.42</div>
<div>Toledo El. -0.32 3.26 128.27 -0.34 3.54 139.28</div>
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</div>
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</div>
<div>MID SD CRN 0.70 1/2 4.28 3/4</div>
<div>HI SD CRN 0.76 4.34 1/4</div>
<div>*Wet Bid</div>
<div><br>
</div>
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</div>
<div>Bank of Canada Noon exchange rate was 1.3514 up 0.0027</div>
<div>Chicago soybeans closed slightly to moderately higher.</div>
<div><br>
</div>
<div> JAN17 HI 10.46 3/4 NOV17 HI 10.27</div>
<div> LOW 10.29 1/2 LOW 10.10 1/2</div>
<div> CLOSE10.46 Up 11 3/4 CLOSE 10.26 1/2 Up 10</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 2.65 13.11 481.712.70 12.97 476.38</div>
<div>CK High 2.75 13.21 485.382.80 13.07 480.06</div>
<div>CK Average 2.70 -0.7213.16 483.552.74 -0.6213.01 477.97</div>
<div>Essex Cty 2.65 13.11 481.712.70 12.97 476.38</div>
<div>Mdsx Low 2.70 13.16 483.552.69 12.96 476.01</div>
<div>Mdsx High 2.70 13.16 483.552.75 13.02 478.22</div>
<div>Mdsx Average 2.70 -0.7213.16 483.552.72 -0.6412.99 477.12</div>
<div>Hensall 2.70 13.16 483.552.75 13.02 478.22</div>
<div>Bruce 2.70 13.16 483.552.75 13.02 478.22</div>
<div>Putnam 2.60 13.06 479.872.60 12.87 472.71</div>
<div>Burford 2.73 13.19 484.652.72 12.99 477.12</div>
<div>Port Perry 2.67 13.13 482.442.66 12.93 474.91</div>
<div>Norfolk 2.75 13.21 485.382.80 13.07 480.06</div>
<div>Palmerston 2.65 13.11 481.712.70 12.97 476.38</div>
<div>Varna 2.70 13.16 483.552.75 13.02 478.22</div>
<div>Trenton 2.70 13.16 483.552.75 13.02 478.22</div>
<div>Winchester 2.87 13.33 489.792.68 12.95 475.65</div>
<div>North Gower 2.76 13.22 485.752.74 13.01 477.85</div>
<div>Huron FOB 2.80 13.26 487.222.85 13.12 481.89</div>
<div>Kent FOB 2.85 13.31 489.062.75 13.02 478.22</div>
<div>Lambton FOB 2.70 13.16 483.552.95 13.22 485.57</div>
<div>Middlesex FOB2.96 3.02 3.01 N/A 13.42 493.102.86 13.13 482.26</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 3.35 3.41 3.48 N/A 13.81 507.433.23 13.50 495.86</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 13.41 492.733.19 13.46 494.39</div>
<div><br>
</div>
<div>Toledo El. -0.64 9.82 361.00-0.34 9.93 364.79</div>
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</div>
<div><br>
</div>
<div>Bank of Canada Noon exchange rate was 1.3514 up 0.0027</div>
<div>Chicago wheat closed slightly lower.</div>
<div>DEC16 HI 4.03 3/4 JUL17 HI 4.56</div>
<div> LOW 3.94 1/2 LOW 4.49</div>
<div> CLOSE 3.95 3/4 Down 5 3/4 CLOSE 4.49 3/4 Down 2 3/4</div>
<div><br>
</div>
<div>Minni wheat closed slightly to moderately higher.</div>
<div>DEC16 HI 5.35 SEP17 HI 5.45</div>
<div> LOW 5.27 1/2 LOW 5.40 1/4</div>
<div> CLOSE 5.34 1/4 Up 7 CLOSE 5.43 1/2 Up 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 0.65 0.58 0.65 0.53</div>
<div>CAD $/bu 4.61 4.54 4.61 5.87</div>
<div>CAD $/tonne 169.24 166.76 169.24 215.68</div>
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</div>
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</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 0.70 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 0.56 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 0.70 N/A N/A N/A 0.60 N/A</div>
<div>Brigden N/A N/A 0.70 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 0.70 0.70 0.70 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 0.02 N/A N/A N/A N/A</div>
<div>North Gower N/A 0.49 0.56 0.29 N/A 0.88 0.88 0.56</div>
<div>W O Feed 1.66</div>
<div><br>
</div>
<div>TERMINAL</div>
<div>Prescott N/A N/A 0.68 0.73 N/A 0.60 0.97 0.86</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Toledo FM N/A N/A 1.39 N/A N/A N/A 1.57 N/A</div>
<div><br>
</div>
<div>Toledo El. 3.86US 5.21CA 4.30US 5.79CA</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 0.83 0.83 0.68</div>
<div>CAD $/bu 5.39 5.32 5.32 6.12</div>
<div>CAD $/tonne 198.06 195.58 195.58 224.69</div>
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</div>
<div>(C)-Basis over the Chicago Board of Trade futures</div>
<div>(M)-Basis over the Minneapolis Grain Exchange</div>
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</div>
<div>FEED GRAINS</div>
<div>FOB Hm Soymeal 502.44</div>
<div>DDG's FOB Srn & Aylm 150.00 - 155.00</div>
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<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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