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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, November 14</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2727 down 0.0002</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> DEC17 HI 3.42 1/4 DEC18 HI 3.87</u></div>
<div><u> LOW 3.37 1/4 LOW 3.82 3/4</u></div>
<div><u> CLOSE3.37 1/2 Down 4 3/4 CLOSE 3.83 Down 4 1/4</u></div>
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</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 +MAR18+MAR18+MAR18</u></div>
<div><u>CK Low 0.70 4.08 160.43 0.70 4.53 178.34</u></div>
<div><u>CK High 0.75 4.13 162.39 0.75 4.58 180.31</u></div>
<div><u>CK Avg 0.71 -0.17 4.08 160.75 0.72 -0.25 4.55 178.99</u></div>
<div><u>Essex Cty 0.70 4.08 160.43 0.70 4.53 178.34</u></div>
<div><u>Mdsx Low 0.70 4.08 160.43 0.70 4.53 178.34</u></div>
<div><u>Mdsx High 0.70 4.08 160.43 0.75 4.58 180.31</u></div>
<div><u>Mdsx Avg 0.70 -0.17 4.08 160.43 0.73 -0.24 4.56 179.32</u></div>
<div><u>Hensall 0.71 4.09 160.82 0.74 4.57 179.72</u></div>
<div><u>Bruce 0.70 4.08 160.43 0.75 4.58 180.31</u></div>
<div><u>Putnam 0.70 4.08 160.43 0.75 4.58 180.31</u></div>
<div><u>Burford 0.75 4.13 162.39 0.70 4.53 178.34</u></div>
<div><u>Port Perry 0.70 4.08 160.43 0.70 4.53 178.34</u></div>
<div><u>Norfolk 0.70 4.08 160.43 0.70 4.53 178.34</u></div>
<div><u>Palmerston 0.75 4.13 162.39 0.70 4.53 178.34</u></div>
<div><u>Varna 0.70 4.08 160.43 0.70 4.53 178.34</u></div>
<div><u>Trenton 0.75 4.13 162.39 0.85 4.68 184.24</u></div>
<div><u>Winchester 1.25 4.63 182.08 0.90 4.73 186.21</u></div>
<div><u>North Gower 1.15 4.53 178.14 0.85 4.68 184.24</u></div>
<div><u>Huron FOB 0.75 4.13 162.39 0.75 4.58 180.31</u></div>
<div><u>Kent FOB 0.75 4.13 162.39 0.70 4.53 178.34</u></div>
<div><u>Lamb FOB 0.70 4.08 160.43 0.65 4.48 176.37</u></div>
<div><u>Mdsx FOB 0.70 0.75 0.70 0.75 4.08 160.43 0.70 4.53 178.34</u></div>
<div><u>FOB SW Que 1.32 4.70 184.83N/A</u></div>
<div><u>Track 1.08 4.45 175.19N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 0.95 0.95 0.95 0.85 4.68 184.24</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A 0.95 0.95 0.95 0.85 4.68 184.24</u></div>
<div><u>Sarn-Eth 0.90 0.95 0.90N/A 4.28 168.30N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing 1.05N/A N/A N/A 4.43 174.20 0.90 4.73 186.21</u></div>
<div><u>Pt.Colb-Ing 0.95N/A N/A N/A 4.33 170.27N/A</u></div>
<div><u>Cardnl-Ing N/A 1.25 1.35 1.40 1.05 4.88 192.12</u></div>
<div><u>W O Feed 1.18 4.56 179.40</u></div>
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</u></div>
<div><u>US Rep 1.25 4.63 182.08</u></div>
<div><u>Toledo El. -0.18 3.20 125.85 -0.25 3.58 140.78</u></div>
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</u></div>
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</u></div>
<div><u>MID SD CRN 0.72 1/2 4.101</u></div>
<div><u>HI SD CRN 0.75 4.12 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 1.2727 down 0.0002</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JAN18 HI 9.77 1/2 NOV18 HI 9.90 3/4</u></div>
<div><u> LOW 9.67 LOW 9.80 1/2</u></div>
<div><u> CLOSE9.67 3/4 Down 6 1/2 CLOSE 9.81 Down 7</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 +JAN1+JAN1+MAR18</u></div>
<div><u>CK Low 1.75 11.43 419.891.85 11.66 428.43</u></div>
<div><u>CK High 1.90 11.58 425.402.00 11.81 433.94</u></div>
<div><u>CK Average 1.82 -0.6411.50 422.401.91 -0.5811.72 430.76</u></div>
<div><u>Essex Cty 1.80 11.48 421.731.85 11.66 428.43</u></div>
<div><u>Mdsx Low 1.79 11.47 421.361.91 11.72 430.64</u></div>
<div><u>Mdsx High 1.85 11.53 423.561.95 11.76 432.11</u></div>
<div><u>Mdsx Average 1.82 -0.6411.50 422.461.93 -0.5711.74 431.37</u></div>
<div><u>Hensall 1.88 11.55 424.481.98 11.79 433.02</u></div>
<div><u>Bruce 1.80 11.48 421.731.90 11.71 430.27</u></div>
<div><u>Putnam 1.95 11.63 427.242.00 11.81 433.94</u></div>
<div><u>Burford 1.86 11.54 423.931.98 11.79 433.21</u></div>
<div><u>Port Perry 1.76 11.44 420.261.88 11.69 429.53</u></div>
<div><u>Norfolk 1.87 11.55 424.301.97 11.78 432.84</u></div>
<div><u>Palmerston 1.90 11.58 425.401.90 11.71 430.27</u></div>
<div><u>Varna 1.85 11.53 423.561.95 11.76 432.11</u></div>
<div><u>Trenton 1.85 11.53 423.562.00 11.81 433.94</u></div>
<div><u>Winchester 2.00 11.68 429.072.00 11.81 433.94</u></div>
<div><u>North Gower 1.85 11.53 423.561.85 11.66 428.43</u></div>
<div><u>Huron FOB 2.00 11.68 429.072.10 11.91 437.62</u></div>
<div><u>Kent FOB 1.92 11.60 426.141.92 11.73 431.00</u></div>
<div><u>Lambton FOB 1.75 11.43 419.892.00 11.81 433.94</u></div>
<div><u>Middlesex FOB1.95 2.01 2.06 2.09 11.63 427.242.03 11.84 435.05</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.25 11.93 438.26 N/A</u></div>
<div><u>Prescott 2.07 11.75 431.652.04 11.85 435.41</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.46 9.22 338.75-0.38 9.43 346.45</u></div>
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</u></div>
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</u></div>
<div><u>Exchange rate was 1.2727 down 0.0002</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>DEC17 HI 4.29 1/2 JUL18 HI 4.70 3/4</u></div>
<div><u> LOW 4.23 1/4 LOW 4.65 1/4</u></div>
<div><u> CLOSE 4.28 Up 3 3/4 CLOSE 4.70 Up 1 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>DEC17 HI 6.35 1/2 SEP18 HI 6.42</u></div>
<div><u> LOW 6.28 1/4 LOW 6.36</u></div>
<div><u> CLOSE 6.29 Down 4 1/4 CLOSE 6.38 1/4 Down 3/4</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 0.79 1.04 0.91 0.57</u></div>
<div><u>CAD $/bu 5.07 5.32 5.19 6.86</u></div>
<div><u>CAD $/tonne 186.12 195.47 190.79 252.05</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 0.90 N/A N/A N/A 0.75 N/A</u></div>
<div><u>London 0.88 0.95 0.88 N/A 0.93 0.86 0.74 N/A</u></div>
<div><u>Hensall 0.90 N/A 0.90 N/A 0.95 N/A 0.75 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 0.85 N/A</u></div>
<div><u>Bruce 0.90 0.90 0.90 0.25 0.95 0.75 0.75 0.35</u></div>
<div><u>Essex N/A N/A N/A N/A N/A N/A 0.74 N/A</u></div>
<div><u>Norwich 0.90 N/A 0.90 N/A 0.95 N/A 0.75 N/A</u></div>
<div><u>Port Hope N/A 0.90 0.85 N/A N/A 0.75 0.75 N/A</u></div>
<div><u>Kent Bridge 0.90 N/A 0.90 N/A 0.95 N/A 0.75 N/A</u></div>
<div><u>Chatham N/A N/A 0.90 N/A N/A N/A 0.75 N/A</u></div>
<div><u>Brigden N/A N/A 0.90 N/A N/A N/A 0.75 N/A</u></div>
<div><u>Palmerston N/A 0.60 0.85 0.25 N/A 0.65 0.75 0.35</u></div>
<div><u>Varna 1.20 0.90 0.90 N/A 0.95 0.75 0.75 N/A</u></div>
<div><u>Mitchell 0.90 0.90 0.90 N/A 0.95 0.75 0.75 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.08 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.75 0.75 0.50 N/A 0.90 0.90 0.25</u></div>
<div><u>W O Feed 1.49</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.36 N/A N/A N/A 1.27 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.23US 5.38CA 4.55US 5.78CA</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 0.89 0.89 0.83 0.33</u></div>
<div><u>CAD $/bu 5.59 5.59 5.53 6.71</u></div>
<div><u>CAD $/tonne 205.42 205.42 203.08 246.62</u></div>
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</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>
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</u></div>
<div><u>FEED GRAINS</u></div>
<div><u>FOB Hm Soymeal 455.59</u></div>
<div><u>DDG's FOB Srn & Aylm 140.00 - 145.00</u></div>
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</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: 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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