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<p><u></u></p>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, September 7</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2139 down 0.0079</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> DEC17 HI 3.60 1/4 DEC17 HI 3.60 1/4</u></div>
<div><u> LOW 3.54 3/4 LOW 3.54 3/4</u></div>
<div><u> CLOSE3.55 1/4 Down 5 3/4 CLOSE 3.55 1/4 Down 5 3/4</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS</u></div>
<div><u>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +DEC17+DEC17+MAR18</u></div>
<div><u>CK Low 0.70 4.25 167.41 0.65 4.20 165.45</u></div>
<div><u>CK High 0.75 4.30 169.38 0.75 4.30 169.38</u></div>
<div><u>CK Avg 0.71 -0.04 4.26 167.74 0.67 -0.08 4.22 166.10</u></div>
<div><u>Essex Cty 0.75 4.30 169.38 0.75 4.30 169.38</u></div>
<div><u>Mdsx Low 0.70 4.25 167.41 0.65 4.20 165.45</u></div>
<div><u>Mdsx High 0.70 4.25 167.41 0.65 4.20 165.45</u></div>
<div><u>Mdsx Avg 0.70 -0.05 4.25 167.41 0.65 -0.09 4.20 165.45</u></div>
<div><u>Hensall 0.69 4.24 167.02 0.65 4.20 165.45</u></div>
<div><u>Bruce 0.70 4.25 167.41 0.65 4.20 165.45</u></div>
<div><u>Putnam 0.70 4.25 167.41 0.65 4.20 165.45</u></div>
<div><u>Burford 0.80 4.35 171.35 0.75 4.30 169.38</u></div>
<div><u>Port Perry 0.90 4.45 175.29 0.80 4.35 171.35</u></div>
<div><u>Norfolk 0.80 4.35 171.35 0.75 4.30 169.38</u></div>
<div><u>Palmerston 0.75 4.30 169.38 0.75 4.30 169.38</u></div>
<div><u>Varna 0.70 4.25 167.41 0.65 4.20 165.45</u></div>
<div><u>Trenton 0.95 4.50 177.26 0.75 4.30 169.38</u></div>
<div><u>Winchester N/A 1.06 4.61 181.59</u></div>
<div><u>North Gower 0.95 4.50 177.26 0.98 4.53 178.44</u></div>
<div><u>Huron FOB 1.12 4.67 183.95 0.75 4.30 169.38</u></div>
<div><u>Kent FOB 0.95 4.50 177.26 0.70 4.25 167.41</u></div>
<div><u>Lamb FOB 0.95 4.50 177.26 0.75 4.30 169.38</u></div>
<div><u>Mdsx FOB 0.90N/A N/A N/A 4.45 175.29 0.70 4.25 167.41</u></div>
<div><u>FOB SW Que 1.58 5.13 202.06N/A</u></div>
<div><u>Track 1.30 4.85 191.03N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 0.80 N/A</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A N/A 0.80 0.90 0.80 4.35 171.35</u></div>
<div><u>Sarn-Eth 1.10N/A 0.90 0.95 4.65 183.16 0.90 4.45 175.29</u></div>
<div><u>Kawartha N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing N/A 1.25 1.00 0.90 1.00 4.55 179.22</u></div>
<div><u>Pt.Colb-Ing N/A N/A 1.05N/A 1.05 4.60 181.19</u></div>
<div><u>Cardnl-Ing N/A 1.45 1.05 1.15 1.05 4.60 181.19</u></div>
<div><u>W O Feed 1.44 4.99 196.55</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.35 4.90 193.00</u></div>
<div><u>Toledo El. -0.25 3.30 129.82 -0.27 3.29 129.34</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.70 4.25 1/4</u></div>
<div><u>HI SD CRN 0.75 4.30 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2139 down 0.0079</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> NOV17 HI 9.77 1/2 NOV17 HI 9.77 1/2</u></div>
<div><u> LOW 9.65 3/4 LOW 9.65 3/4</u></div>
<div><u> CLOSE9.68 3/4 Down 2 1/4 CLOSE 9.68 3/4 Down 2 1/4</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP NEW CROP</u></div>
<div><u>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +NOV1+NOV1+JAN18</u></div>
<div><u>CK Low 1.40 11.09 407.401.30 10.99 403.72</u></div>
<div><u>CK High 1.55 11.24 412.911.50 11.19 411.07</u></div>
<div><u>CK Average 1.50 -0.4711.19 411.071.38 -0.5711.06 406.48</u></div>
<div><u>Essex Cty 1.30 10.99 403.721.30 10.99 403.72</u></div>
<div><u>Mdsx Low 1.55 11.24 412.911.40 11.09 407.40</u></div>
<div><u>Mdsx High 1.61 11.30 415.111.41 11.10 407.76</u></div>
<div><u>Mdsx Average 1.58 -0.4111.27 414.011.41 -0.5511.09 407.58</u></div>
<div><u>Hensall 1.58 11.26 413.831.43 11.11 408.31</u></div>
<div><u>Bruce 1.55 11.24 412.911.40 11.09 407.40</u></div>
<div><u>Putnam 1.85 11.54 423.931.55 11.24 412.91</u></div>
<div><u>Burford 1.65 11.34 416.581.45 11.14 409.23</u></div>
<div><u>Port Perry 1.61 11.30 415.111.41 11.10 407.76</u></div>
<div><u>Norfolk 1.45 11.14 409.231.45 11.14 409.23</u></div>
<div><u>Palmerston 1.45 11.14 409.231.40 11.09 407.40</u></div>
<div><u>Varna 1.80 11.49 422.091.55 11.24 412.91</u></div>
<div><u>Trenton 1.45 11.14 409.231.45 11.14 409.23</u></div>
<div><u>Winchester 1.44 11.13 408.871.32 11.01 404.46</u></div>
<div><u>North Gower 1.52 11.21 411.811.55 11.24 412.91</u></div>
<div><u>Huron FOB 1.75 11.44 420.261.55 11.24 412.91</u></div>
<div><u>Kent FOB N/A 1.40 11.09 407.40</u></div>
<div><u>Lambton FOB 1.70 11.39 418.421.50 11.19 411.07</u></div>
<div><u>Middlesex FOB1.84 1.58 1.58 1.61 11.53 423.561.58 11.27 414.01</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.23 1.86 1.92 1.95 11.92 437.891.86 11.55 424.30</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 1.65 11.34 416.581.89 11.58 425.40</u></div>
<div><u>Sarnia N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. N/A -0.58 9.10 334.55</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2139 down 0.0079</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>DEC17 HI 4.46 1/4 JUL18 HI 4.93 3/4</u></div>
<div><u> LOW 4.35 3/4 LOW 4.84 3/4</u></div>
<div><u> CLOSE 4.37 1/4 Down 8 1/2 CLOSE 4.84 3/4 Down 8 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>DEC17 HI 6.53 1/4 SEP18 HI 6.35 1/4</u></div>
<div><u> LOW 6.38 LOW 6.26</u></div>
<div><u> CLOSE 6.49 3/4 Up 5 1/4 CLOSE 6.33 3/4 Up 2 1/4</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 0.51 0.57 0.51 0.05</u></div>
<div><u>CAD $/bu 4.88 4.94 4.88 6.55</u></div>
<div><u>CAD $/tonne 179.41 181.64 179.41 240.74</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2017 Harvest 2018</u></div>
<div><u> DELIVERED BASIS DELIVERED BASIS</u></div>
<div><u>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)</u></div>
<div><u>ELEVATORS</u></div>
<div><u>Brgssvll N/A N/A 0.35 N/A N/A N/A 0.60 N/A</u></div>
<div><u>London 0.33 0.51 0.27 N/A 0.67 0.49 0.49 N/A</u></div>
<div><u>Hensall 0.40 N/A 0.35 N/A 0.85 N/A 0.60 N/A</u></div>
<div><u>Trenton N/A N/A 0.60 N/A N/A N/A 0.70 N/A</u></div>
<div><u>Bruce 0.40 0.45 0.35 0.25 0.85 0.65 0.60 0.35</u></div>
<div><u>Essex N/A N/A N/A N/A N/A N/A 0.47 N/A</u></div>
<div><u>Norwich 0.40 N/A 0.35 N/A 0.85 N/A 0.60 N/A</u></div>
<div><u>Port Hope N/A 0.70 0.60 N/A N/A 0.65 0.70 N/A</u></div>
<div><u>Kent Bridge 0.40 N/A 0.35 N/A 0.85 N/A 0.60 N/A</u></div>
<div><u>Chatham N/A N/A 0.35 N/A N/A N/A 0.60 N/A</u></div>
<div><u>Brigden N/A N/A 0.35 N/A N/A N/A 0.60 N/A</u></div>
<div><u>Palmerston N/A 0.40 0.35 0.25 N/A 0.65 0.45 0.35</u></div>
<div><u>Varna 0.65 0.45 0.35 N/A 0.85 0.65 0.60 N/A</u></div>
<div><u>Mitchell 0.40 0.40 0.35 N/A 0.85 0.65 0.60 N/A</u></div>
<div><u>Thornton N/A N/A N/A -0.27 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.62 0.56 0.09 N/A 0.76 0.76 0.06</u></div>
<div><u>W O Feed 1.01</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia N/A N/A N/A N/A N/A N/A N/A N/A</u></div>
<div><u>Prescott N/A N/A N/A N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.06N/A N/A N/A N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.17US 5.06CA 4.65US 5.64CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 0.55 0.55 0.55 0.02</u></div>
<div><u>CAD $/bu 5.40 5.40 5.40 6.36</u></div>
<div><u>CAD $/tonne 198.35 198.35 198.35 233.58</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS</u></div>
<div><u>FOB Hm Soymeal 451.07</u></div>
<div><u>DDG's FOB Srn & Aylm 140.00 - 145.00</u></div>
<div><br>
</div>
<div>---</div>
<div><br>
</div>
<p></p>
<p>Ontario Grain Market Commentary for September 6, 2017</p>
<p>By Marty Hibbs, Grain Farmers of Ontario</p>
<p><br>
</p>
<p></p>
<div>Wednesday, September 6, 2017 Closing Prices </div>
<div>COMMODITY<span style="white-space:pre"> </span>PERIOD<span style="white-space:pre">
</span>PRICE<span style="white-space:pre"> </span>WEEKLY MOVEMENT</div>
<div>Corn CBOT<span style="white-space:pre"> </span>Dec<span style="white-space:pre">
</span>3.61<span style="white-space:pre"> </span>$B",(B<span style="white-space:pre"> </span>
16<span style="white-space:pre"> </span>cents</div>
<div>Soybeans CBOT<span style="white-space:pre"> </span>Nov<span style="white-space:pre">
</span>9.71<span style="white-space:pre"> </span>$B",(B<span style="white-space:pre"> </span>
40<span style="white-space:pre"> </span>cents</div>
<div>Wheat CBOT<span style="white-space:pre"> </span>Dec <span style="white-space:pre">
</span>4.46<span style="white-space:pre"> </span>$B",(B<span style="white-space:pre"> </span>
17<span style="white-space:pre"> </span>cents</div>
<div>Wheat Minn.<span style="white-space:pre"> </span>Dec<span style="white-space:pre">
</span>6.44<span style="white-space:pre"> </span>$B"-(B<span style="white-space:pre"> </span>
12<span style="white-space:pre"> </span>cents</div>
<div>Wheat Kansas<span style="white-space:pre"> </span>Dec<span style="white-space:pre">
</span>4.49<span style="white-space:pre"> </span>$B",(B<span style="white-space:pre"> </span>
20<span style="white-space:pre"> </span>cents</div>
<div>Chicago Oats<span style="white-space:pre"> </span>Dec<span style="white-space:pre">
</span>2.34<span style="white-space:pre"> </span>$B"-(B<span style="white-space:pre"> </span>
09<span style="white-space:pre"> </span>cents </div>
<div><span style="white-space:pre"></span></div>
<div>Canadian $<span style="white-space:pre"> </span>Dec<span style="white-space:pre">
</span>.8180<span style="white-space:pre"> </span>$B",(B<span style="white-space:pre">
</span>2.55<span style="white-space:pre"> </span>points</div>
<div><br>
</div>
<div>Corn: </div>
<div>Well we seem to have bounced off the $3.45 level on the December Chicago futures. The charts suggest we could see a little more upside on the futures. Our first resistance level is at the $3.70 level on December. Although the short term indicators were
oversold and the tempo is up for the very short term, we are still in a bear market and any decent rallies should be used to lock in a portion of your profits. The red sell signal from August 25 is still intact and should be viewed as a reminder that we are
still in a downtrend. Weakness in the U.S. dollar is starting to have a noticeable effect on export competitiveness. </div>
<div>Initial support on the December futures has been pegged at $3.45 for the time being and the primary trend is still down. Short term indicators have turned positive, but weekly and monthly indicators are still negative. </div>
<div> </div>
<div>Soybeans: </div>
<div>Our important $9.30 support level did us proud once again. We had a nice pop in prices this week in the November new crop futures. With increased imports from China and minor weather concerns, the November contract soybeans managed a 40 cent rally since
our last commentary and we could still see some excitement. Our red sell signal from August 3 is still intact, but another 20 cents upside and the signal will be negated and become neutral. Initial support is at $9.20 with overhead resistance at $9.75 - $10
on the November contract. The extent of damage to corn and soybean crops caused by Hurricane Irma, if any, is not fully known.</div>
<div> Short term indicators are negative and the primary trend is still down.</div>
<div><br>
</div>
<div>Wheat: </div>
<div>Like the other grains, we managed a small rally in wheat. With little fresh news to prompt a large scale rally, we are dependent on weakness in the U.S. dollar to entice export sales. </div>
<div>Support sits at $3.60 on the long term chart based on the lead month Chicago contract, while overhead resistance is viewed at $4.60. </div>
<div>All indicators are still negative and the primary trend is still down.</div>
<div><br>
</div>
<div><br>
</div>
<div>Harvest 2017 prices as of the close, September 6, are as follows:</div>
<div>SWW @ $184.54/MT ($5.02/bu), HRW @ $186.79/MT ($5.08/bu), </div>
<div> HRS @ $240.00/MT ($6.53/bu), SRW @ $184.54/MT ($5.08/bu), </div>
<div>----</div>
<div><br>
</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>
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