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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, October 23</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2641 up 0.0026</u></div>
<div><u>Chicago corn closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> DEC17 HI 3.51 3/4 DEC18 HI 3.97 1/4</u></div>
<div><u> LOW 3.43 LOW 3.90</u></div>
<div><u> CLOSE3.51 1/4 Up 6 3/4 CLOSE 3.96 3/4 Up 5 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 4.16 163.87 0.60 4.57 179.81</u></div>
<div><u>CK High 0.70 4.21 165.84 0.65 4.62 181.78</u></div>
<div><u>CK Avg 0.66 -0.21 4.17 164.20 0.63 -0.33 4.59 180.80</u></div>
<div><u>Essex Cty 0.65 4.16 163.87 0.60 4.57 179.81</u></div>
<div><u>Mdsx Low 0.65 4.16 163.87 0.60 4.57 179.81</u></div>
<div><u>Mdsx High 0.65 4.16 163.87 0.65 4.62 181.78</u></div>
<div><u>Mdsx Avg 0.65 -0.22 4.16 163.87 0.63 -0.33 4.59 180.80</u></div>
<div><u>Hensall 0.65 4.16 163.87 0.68 4.64 182.77</u></div>
<div><u>Bruce 0.65 4.16 163.87 0.65 4.62 181.78</u></div>
<div><u>Putnam 0.65 4.16 163.87 0.55 4.52 177.85</u></div>
<div><u>Burford 0.75 4.26 167.81 0.65 4.62 181.78</u></div>
<div><u>Port Perry 0.75 4.26 167.81 0.65 4.62 181.78</u></div>
<div><u>Norfolk 0.75 4.26 167.81 0.65 4.62 181.78</u></div>
<div><u>Palmerston 0.65 4.16 163.87 0.60 4.57 179.81</u></div>
<div><u>Varna 0.65 4.16 163.87 0.70 4.67 183.75</u></div>
<div><u>Trenton 0.75 4.26 167.81 0.75 4.72 185.72</u></div>
<div><u>Winchester 1.20 4.71 185.52 0.80 4.77 187.69</u></div>
<div><u>North Gower 1.10 4.61 181.59 0.80 4.77 187.69</u></div>
<div><u>Huron FOB 0.75 4.26 167.81 0.75 4.72 185.72</u></div>
<div><u>Kent FOB 0.70 4.21 165.84 0.60 4.57 179.81</u></div>
<div><u>Lamb FOB 0.70 4.21 165.84 0.55 4.52 177.85</u></div>
<div><u>Mdsx FOB 0.70 0.70 0.75 0.75 4.21 165.84 0.60 4.57 179.81</u></div>
<div><u>FOB SW Que 1.31 4.82 189.85N/A</u></div>
<div><u>Track 1.13 4.64 182.57N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 0.92 0.92 0.75 4.72 185.72</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 4.72 185.72</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 4.61 181.59 0.85 4.82 189.66</u></div>
<div><u>Pt.Colb-Ing N/A 1.00N/A N/A N/A</u></div>
<div><u>Cardnl-Ing N/A 1.25 1.22 1.10 1.00 4.97 195.56</u></div>
<div><u>W O Feed 1.33 4.84 190.48</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.18 4.69 184.74</u></div>
<div><u>Toledo El. -0.28 3.23 127.33 -0.38 3.59 141.28</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 3/4</u></div>
<div><u>HI SD CRN 0.70 4.21 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 1.2641 up 0.0026</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> NOV17 HI 9.82 3/4 NOV18 HI 10.03</u></div>
<div><u> LOW 9.75 LOW 9.95 1/4</u></div>
<div><u> CLOSE9.80 3/4 Up 2 CLOSE 10.02 Up 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 1.75 11.56 424.671.70 11.72 430.64</u></div>
<div><u>CK High 1.90 11.71 430.181.85 11.87 436.15</u></div>
<div><u>CK Average 1.84 -0.6011.65 427.911.79 -0.6611.81 434.00</u></div>
<div><u>Essex Cty 1.70 11.51 422.831.65 11.67 428.80</u></div>
<div><u>Mdsx Low 1.83 11.64 427.601.80 11.82 434.31</u></div>
<div><u>Mdsx High 1.90 11.71 430.181.80 11.82 434.31</u></div>
<div><u>Mdsx Average 1.87 -0.5711.67 428.891.80 -0.6611.82 434.31</u></div>
<div><u>Hensall 1.93 11.73 431.101.80 11.82 434.31</u></div>
<div><u>Bruce 1.85 11.66 428.341.80 11.82 434.31</u></div>
<div><u>Putnam 1.85 11.66 428.341.70 11.72 430.64</u></div>
<div><u>Burford 1.90 11.71 430.181.87 11.89 436.88</u></div>
<div><u>Port Perry 1.80 11.61 426.501.77 11.79 433.21</u></div>
<div><u>Norfolk 1.90 11.71 430.181.85 11.87 436.15</u></div>
<div><u>Palmerston 1.85 11.66 428.341.75 11.77 432.47</u></div>
<div><u>Varna 1.95 11.76 432.011.80 11.82 434.31</u></div>
<div><u>Trenton 1.85 11.66 428.341.80 11.82 434.31</u></div>
<div><u>Winchester 2.00 11.81 433.851.85 11.87 436.15</u></div>
<div><u>North Gower 1.84 11.65 427.971.68 11.70 429.90</u></div>
<div><u>Huron FOB 2.05 11.86 435.691.90 11.92 437.99</u></div>
<div><u>Kent FOB 1.80 11.61 426.501.80 11.82 434.31</u></div>
<div><u>Lambton FOB 2.00 11.81 433.851.90 11.92 437.99</u></div>
<div><u>Middlesex FOB2.01 2.08 2.07 2.15 11.82 434.221.86 11.88 436.52</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. -0.51 9.30 341.78-0.38 9.64 354.26</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2641 up 0.0026</u></div>
<div><u>Chicago wheat closed moderately higher to higher.</u></div>
<div><u>DEC17 HI 4.38 1/4 JUL18 HI 4.83 1/2</u></div>
<div><u> LOW 4.23 3/4 LOW 4.70 1/2</u></div>
<div><u> CLOSE 4.36 3/4 Up 10 3/4 CLOSE 4.81 1/2 Up 9</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>DEC17 HI 6.20 SEP18 HI 6.35</u></div>
<div><u> LOW 6.09 1/4 LOW 6.28 3/4</u></div>
<div><u> CLOSE 6.15 Up 3 3/4 CLOSE 6.33 Up 3 1/2</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 0.77 1.03 0.90 0.49</u></div>
<div><u>CAD $/bu 5.14 5.39 5.27 6.64</u></div>
<div><u>CAD $/tonne 188.93 198.22 193.58 243.86</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 0.70 N/A N/A N/A 0.65 N/A</u></div>
<div><u>London 0.57 0.70 0.70 N/A 0.93 0.87 0.62 N/A</u></div>
<div><u>Hensall 0.70 N/A 0.70 N/A 0.90 N/A 0.70 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 0.70 0.60 0.70 0.10 0.90 0.65 0.70 0.35</u></div>
<div><u>Essex N/A N/A N/A N/A N/A N/A 0.73 N/A</u></div>
<div><u>Norwich 0.70 N/A 0.70 N/A 0.90 N/A 0.70 N/A</u></div>
<div><u>Port Hope N/A 0.75 0.70 N/A N/A 0.70 0.70 N/A</u></div>
<div><u>Kent Bridge 0.70 N/A 0.70 N/A 0.90 N/A 0.70 N/A</u></div>
<div><u>Chatham N/A N/A 0.70 N/A N/A N/A 0.65 N/A</u></div>
<div><u>Brigden N/A N/A 0.70 N/A N/A N/A 0.65 N/A</u></div>
<div><u>Palmerston N/A 0.60 0.60 0.25 N/A 0.65 0.70 0.35</u></div>
<div><u>Varna 1.00 0.70 0.70 N/A 0.85 0.65 0.65 N/A</u></div>
<div><u>Mitchell 0.70 0.70 0.70 N/A 0.90 0.70 0.70 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 1.40</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 1.34N/A N/A N/A 1.26N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.29US 5.42CA 4.67US 5.89CA</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 0.88 0.88 0.82 0.27</u></div>
<div><u>CAD $/bu 5.70 5.70 5.64 6.60</u></div>
<div><u>CAD $/tonne 209.43 209.43 207.11 242.59</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 459.56</u></div>
<div><u>DDG's FOB Srn & Aylm 145.00</u></div>
<div><u><br>
</u></div>
<u><br>
</u>
<p></p>
<p><u></u></p>
<p class="MsoNormal" style=""><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">Blair Andrews</span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><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" style=""><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153);">519-674-1500</span></a><span class="apple-converted-space" style=""><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">x
63577<span class="apple-converted-space"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530" style=""><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153);">519-674-1530</span></a><span class="apple-converted-space" style=""><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
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<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario<u><o:p></o:p></u></span></span></p>
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