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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, October 16</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2518 up 0.0040</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> DEC17 HI 3.53 1/4 DEC18 HI 3.98</u></div>
<div><u> LOW 3.49 3/4 LOW 3.95 1/4</u></div>
<div><u> CLOSE3.50 1/2 Down 2 1/4 CLOSE 3.95 3/4 Down 2 1/2</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+MAR18+MAR18</u></div>
<div><u>CK Low 0.65 4.16 163.58 0.50 4.46 175.48</u></div>
<div><u>CK High 0.70 4.21 165.54 0.65 4.61 181.39</u></div>
<div><u>CK Avg 0.66 -0.18 4.16 163.90 0.61 -0.31 4.57 179.75</u></div>
<div><u>Essex Cty 0.65 4.16 163.58 0.50 4.46 175.48</u></div>
<div><u>Mdsx Low 0.65 4.16 163.58 0.60 4.56 179.42</u></div>
<div><u>Mdsx High 0.65 4.16 163.58 0.65 4.61 181.39</u></div>
<div><u>Mdsx Avg 0.65 -0.19 4.16 163.58 0.63 -0.29 4.58 180.41</u></div>
<div><u>Hensall 0.65 4.16 163.58 0.68 4.63 182.37</u></div>
<div><u>Bruce 0.65 4.16 163.58 0.65 4.61 181.39</u></div>
<div><u>Putnam 0.70 4.21 165.54 0.60 4.56 179.42</u></div>
<div><u>Burford 0.75 4.26 167.51 0.65 4.61 181.39</u></div>
<div><u>Port Perry 0.75 4.26 167.51 0.60 4.56 179.42</u></div>
<div><u>Norfolk 0.75 4.26 167.51 0.65 4.61 181.39</u></div>
<div><u>Palmerston 0.65 4.16 163.58 0.50 4.46 175.48</u></div>
<div><u>Varna 0.65 4.16 163.58 0.70 4.66 183.36</u></div>
<div><u>Trenton 0.75 4.26 167.51 0.75 4.71 185.33</u></div>
<div><u>Winchester 1.20 4.71 185.23 0.80 4.76 187.29</u></div>
<div><u>North Gower 1.10 4.61 181.29 0.80 4.76 187.29</u></div>
<div><u>Huron FOB 0.75 4.26 167.51 0.75 4.71 185.33</u></div>
<div><u>Kent FOB 0.70 4.21 165.54 0.65 4.61 181.39</u></div>
<div><u>Lamb FOB 0.70 4.21 165.54 0.55 4.51 177.45</u></div>
<div><u>Mdsx FOB 0.70 0.70 0.75 0.75 4.21 165.54 0.60 4.56 179.42</u></div>
<div><u>FOB SW Que 1.46 4.97 195.46N/A</u></div>
<div><u>Track 1.13 4.63 182.28N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.00 1.04 0.75 4.71 185.33</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 0.90 0.90 0.75 4.71 185.33</u></div>
<div><u>Sarn-Eth N/A 0.90 0.95 0.90 N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing 1.10 1.05 0.95 0.90 4.61 181.29 0.85 4.81 189.26</u></div>
<div><u>Pt.Colb-Ing N/A 1.00N/A N/A N/A</u></div>
<div><u>Cardnl-Ing N/A 1.20 1.22 1.10 1.00 4.96 195.17</u></div>
<div><u>W O Feed 1.37 4.88 192.08</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.26 4.77 187.59</u></div>
<div><u>Toledo El. -0.28 3.23 127.14 -0.38 3.58 141.03</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 0.67 1/2 4.18</u></div>
<div><u>HI SD CRN 0.70 4.20 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2518 up 0.0040</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> NOV17 HI 9.99 NOV18 HI 10.10</u></div>
<div><u> LOW 9.90 1/4 LOW 10.04</u></div>
<div><u> CLOSE9.91 Down 9 1/4 CLOSE 10.04 3/4 Down 5 3/4</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+JAN1+JAN18</u></div>
<div><u>CK Low 1.80 11.71 430.271.60 11.65 427.97</u></div>
<div><u>CK High 1.87 11.78 432.841.75 11.80 433.48</u></div>
<div><u>CK Average 1.83 -0.5311.74 431.491.67 -0.6811.72 430.67</u></div>
<div><u>Essex Cty 1.75 11.66 428.431.60 11.65 427.97</u></div>
<div><u>Mdsx Low 1.83 11.74 431.371.64 11.69 429.44</u></div>
<div><u>Mdsx High 1.90 11.81 433.941.70 11.75 431.65</u></div>
<div><u>Mdsx Average 1.87 -0.5011.78 432.661.67 -0.6811.72 430.54</u></div>
<div><u>Hensall 1.85 11.76 432.111.65 11.70 429.81</u></div>
<div><u>Bruce 1.85 11.76 432.111.70 11.75 431.65</u></div>
<div><u>Putnam 1.65 11.56 424.761.45 11.50 422.46</u></div>
<div><u>Burford 1.90 11.81 433.941.71 11.76 432.01</u></div>
<div><u>Port Perry 1.80 11.71 430.271.61 11.66 428.34</u></div>
<div><u>Norfolk 1.92 11.83 434.681.80 11.85 435.32</u></div>
<div><u>Palmerston 1.80 11.71 430.271.60 11.65 427.97</u></div>
<div><u>Varna 1.80 11.71 430.271.60 11.65 427.97</u></div>
<div><u>Trenton 1.85 11.76 432.111.70 11.75 431.65</u></div>
<div><u>Winchester 1.84 11.75 431.741.60 11.65 427.97</u></div>
<div><u>North Gower 1.87 11.78 432.841.70 11.75 431.65</u></div>
<div><u>Huron FOB 1.90 11.81 433.941.70 11.75 431.65</u></div>
<div><u>Kent FOB 1.92 11.83 434.681.75 11.80 433.48</u></div>
<div><u>Lambton FOB 1.85 11.76 432.111.80 11.85 435.32</u></div>
<div><u>Middlesex FOB1.96 2.02 2.05 2.12 11.87 436.151.78 11.83 434.59</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott N/A N/A</u></div>
<div><u>Sarnia N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.55 9.36 343.89-0.38 9.67 355.39</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2518 up 0.0040</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>DEC17 HI 4.42 3/4 JUL18 HI 4.87 1/4</u></div>
<div><u> LOW 4.35 1/2 LOW 4.80 1/4</u></div>
<div><u> CLOSE 4.36 1/2 Down 3 CLOSE 4.81 1/2 Down 2 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>DEC17 HI 6.20 SEP18 HI 6.35 1/4</u></div>
<div><u> LOW 6.08 1/2 LOW 6.29</u></div>
<div><u> CLOSE 6.09 1/2 Down 5 1/2 CLOSE 6.29 1/4 Down 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 0.72 0.97 0.85 0.41</u></div>
<div><u>CAD $/bu 5.09 5.34 5.21 6.50</u></div>
<div><u>CAD $/tonne 186.97 196.17 191.57 238.95</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 0.60 N/A N/A N/A 0.60 N/A</u></div>
<div><u>London 0.54 0.67 0.60 N/A 0.90 0.83 0.58 N/A</u></div>
<div><u>Hensall 0.60 N/A 0.60 N/A 0.85 N/A 0.60 N/A</u></div>
<div><u>Trenton N/A N/A 0.65 N/A N/A N/A 0.80 N/A</u></div>
<div><u>Bruce 0.60 0.60 0.60 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 0.65 N/A</u></div>
<div><u>Norwich 0.60 N/A 0.60 N/A 0.85 N/A 0.60 N/A</u></div>
<div><u>Port Hope N/A 0.70 0.70 N/A N/A 0.65 0.70 N/A</u></div>
<div><u>Kent Bridge 0.60 N/A 0.60 N/A 0.85 N/A 0.60 N/A</u></div>
<div><u>Chatham N/A N/A 0.60 N/A N/A N/A 0.60 N/A</u></div>
<div><u>Brigden N/A N/A 0.60 N/A N/A N/A 0.60 N/A</u></div>
<div><u>Palmerston N/A 0.60 0.60 0.25 N/A 0.65 0.60 0.35</u></div>
<div><u>Varna 0.90 0.60 0.60 N/A 0.80 0.60 0.60 N/A</u></div>
<div><u>Mitchell 0.60 0.60 0.60 N/A 0.85 0.65 0.60 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.31 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.70 0.70 0.30 N/A 0.86 0.81 0.10</u></div>
<div><u>W O Feed 1.35</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 1.29N/A N/A N/A 1.21N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.29US 5.36CA 4.62US 5.77CA</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 0.83 0.83 0.77 0.20</u></div>
<div><u>CAD $/bu 5.65 5.65 5.59 6.50</u></div>
<div><u>CAD $/tonne 207.53 207.53 205.23 238.67</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 470.14</u></div>
<div><u>DDG's FOB Srn & Aylm 145.00</u></div>
<div><u><br>
</u></div>
<u></u>
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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: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153); text-decoration-line: 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>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530"><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153); text-decoration-line: none;">519-674-1530</span></a><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
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