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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, October 25</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2801 up 0.0123</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> DEC17 HI 3.55 1/4 DEC18 HI 4.00</u></div>
<div><u> LOW 3.50 1/2 LOW 3.96</u></div>
<div><u> CLOSE3.51 Down 1 3/4 CLOSE 3.96 1/2 Down 1 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 4.16 163.77 0.60 4.57 179.72</u></div>
<div><u>CK High 0.70 4.21 165.74 0.65 4.62 181.68</u></div>
<div><u>CK Avg 0.68 -0.23 4.19 165.08 0.63 -0.37 4.60 181.03</u></div>
<div><u>Essex Cty 0.65 4.16 163.77 0.60 4.57 179.72</u></div>
<div><u>Mdsx Low 0.65 4.16 163.77 0.65 4.62 181.68</u></div>
<div><u>Mdsx High 0.70 4.21 165.74 0.68 4.65 182.87</u></div>
<div><u>Mdsx Avg 0.68 -0.24 4.19 164.76 0.67 -0.34 4.63 182.28</u></div>
<div><u>Hensall 0.68 4.19 164.76 0.68 4.64 182.67</u></div>
<div><u>Bruce 0.70 4.21 165.74 0.65 4.62 181.68</u></div>
<div><u>Putnam 0.65 4.16 163.77 0.55 4.52 177.75</u></div>
<div><u>Burford 0.80 4.31 169.68 0.80 4.77 187.59</u></div>
<div><u>Port Perry 0.70 4.21 165.74 0.70 4.67 183.65</u></div>
<div><u>Norfolk 0.80 4.31 169.68 0.65 4.62 181.68</u></div>
<div><u>Palmerston 0.65 4.16 163.77 0.60 4.57 179.72</u></div>
<div><u>Varna 0.65 4.16 163.77 0.70 4.67 183.65</u></div>
<div><u>Trenton 0.75 4.26 167.71 0.85 4.82 189.56</u></div>
<div><u>Winchester 1.20 4.71 185.42 0.80 4.77 187.59</u></div>
<div><u>North Gower 1.10 4.61 181.49 0.80 4.77 187.59</u></div>
<div><u>Huron FOB 0.75 4.26 167.71 0.75 4.72 185.62</u></div>
<div><u>Kent FOB 0.75 4.26 167.71 0.60 4.57 179.72</u></div>
<div><u>Lamb FOB 0.70 4.21 165.74 0.55 4.52 177.75</u></div>
<div><u>Mdsx FOB 0.75 0.75 0.75 0.75 4.26 167.71 0.65 4.62 181.68</u></div>
<div><u>FOB SW Que 1.36 4.87 191.72N/A</u></div>
<div><u>Track 1.13 4.64 182.47N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 0.92 0.92 0.75 4.72 185.62</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 0.95 0.90 0.75 4.72 185.62</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 4.61 181.49 0.85 4.82 189.56</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 4.97 195.46</u></div>
<div><u>W O Feed 1.33 4.84 190.38</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.18 4.69 184.64</u></div>
<div><u>Toledo El. -0.28 3.23 127.10 -0.38 3.58 141.00</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 1/2</u></div>
<div><u>HI SD CRN 0.70 4.21</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2801 up 0.0123</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> NOV17 HI 9.83 1/4 NOV18 HI 10.04</u></div>
<div><u> LOW 9.75 1/4 LOW 9.96 1/2</u></div>
<div><u> CLOSE9.75 1/2 Unchanged CLOSE 9.96 3/4 Down 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+JAN1+JAN18</u></div>
<div><u>CK Low 1.80 11.56 424.571.80 11.77 432.38</u></div>
<div><u>CK High 1.95 11.71 430.091.90 11.87 436.06</u></div>
<div><u>CK Average 1.88 -0.6611.64 427.641.85 -0.7211.82 434.22</u></div>
<div><u>Essex Cty 1.75 11.51 422.741.80 11.77 432.38</u></div>
<div><u>Mdsx Low 1.85 11.61 426.411.85 11.82 434.22</u></div>
<div><u>Mdsx High 1.95 11.71 430.091.85 11.82 434.22</u></div>
<div><u>Mdsx Average 1.90 -0.6511.66 428.251.85 -0.7211.82 434.22</u></div>
<div><u>Hensall 1.95 11.71 430.091.83 11.79 433.30</u></div>
<div><u>Bruce 1.90 11.66 428.251.80 11.77 432.38</u></div>
<div><u>Putnam 1.95 11.71 430.091.85 11.82 434.22</u></div>
<div><u>Burford 1.92 11.68 428.981.92 11.89 436.79</u></div>
<div><u>Port Perry 1.82 11.58 425.311.82 11.79 433.12</u></div>
<div><u>Norfolk 2.00 11.76 431.921.95 11.92 437.89</u></div>
<div><u>Palmerston 1.90 11.66 428.251.80 11.77 432.38</u></div>
<div><u>Varna 1.95 11.71 430.091.80 11.77 432.38</u></div>
<div><u>Trenton 1.90 11.66 428.251.90 11.87 436.06</u></div>
<div><u>Winchester 1.90 11.66 428.251.80 11.77 432.38</u></div>
<div><u>North Gower 1.84 11.60 426.041.68 11.65 427.97</u></div>
<div><u>Huron FOB 2.05 11.81 433.761.90 11.87 436.06</u></div>
<div><u>Kent FOB 1.90 11.66 428.251.90 11.87 436.06</u></div>
<div><u>Lambton FOB 2.10 11.86 435.602.00 11.97 439.73</u></div>
<div><u>Middlesex FOB1.99 1.99 2.02 2.07 11.75 431.551.91 11.88 436.42</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 9.24 339.62-0.38 9.58 352.15</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2801 up 0.0123</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>DEC17 HI 4.43 JUL18 HI 4.86 1/4</u></div>
<div><u> LOW 4.33 3/4 LOW 4.79</u></div>
<div><u> CLOSE 4.35 1/2 Down 2 1/2 CLOSE 4.81 1/4 Down 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>DEC17 HI 6.24 3/4 SEP18 HI 6.40</u></div>
<div><u> LOW 6.17 LOW 6.34</u></div>
<div><u> CLOSE 6.21 1/2 Up 1 3/4 CLOSE 6.37 1/2 Up 1</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 0.84 1.09 0.96 0.59</u></div>
<div><u>CAD $/bu 5.19 5.45 5.32 6.80</u></div>
<div><u>CAD $/tonne 190.73 200.13 195.43 249.99</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 0.75 N/A N/A N/A 0.70 N/A</u></div>
<div><u>London 0.58 0.70 0.70 N/A 0.94 0.88 0.63 N/A</u></div>
<div><u>Hensall 0.80 N/A 0.80 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 0.80 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 0.82 N/A</u></div>
<div><u>Norwich 0.80 N/A 0.80 N/A 0.90 N/A 0.70 N/A</u></div>
<div><u>Port Hope N/A 0.75 0.75 N/A N/A 0.70 0.70 N/A</u></div>
<div><u>Kent Bridge 0.80 N/A 0.80 N/A 0.90 N/A 0.70 N/A</u></div>
<div><u>Chatham N/A N/A 0.75 N/A N/A N/A 0.65 N/A</u></div>
<div><u>Brigden N/A N/A 0.75 N/A N/A N/A 0.65 N/A</u></div>
<div><u>Palmerston N/A 0.60 0.70 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 0.80 0.80 0.80 N/A 0.90 0.70 0.70 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.24 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.80 0.75 0.35 N/A 0.96 0.86 0.15</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 1.41N/A N/A N/A 1.34N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.28US 5.47CA 4.61US 5.90CA</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 0.96 0.96 0.89 0.37</u></div>
<div><u>CAD $/bu 5.77 5.77 5.70 6.74</u></div>
<div><u>CAD $/tonne 211.93 211.93 209.58 247.74</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 459.01</u></div>
<div><u>DDG's FOB Srn & Aylm 145.00</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<u></u>
<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:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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