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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, November 15</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2768 up 0.0041</u></div>
<div><u>Chicago corn closed steady to slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> DEC17 HI 3.39 DEC18 HI 3.84 1/4</u></div>
<div><u> LOW 3.37 LOW 3.82 1/2</u></div>
<div><u> CLOSE3.38 1/4 Up 3/4 CLOSE 3.83 Unchanged</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 +MAR18+MAR18+MAR18</u></div>
<div><u>CK Low 0.70 4.08 160.72 0.70 4.53 178.34</u></div>
<div><u>CK High 0.75 4.13 162.69 0.75 4.58 180.31</u></div>
<div><u>CK Avg 0.71 -0.18 4.09 161.05 0.72 -0.26 4.55 178.99</u></div>
<div><u>Essex Cty 0.70 4.08 160.72 0.70 4.53 178.34</u></div>
<div><u>Mdsx Low 0.70 4.08 160.72 0.70 4.53 178.34</u></div>
<div><u>Mdsx High 0.70 4.08 160.72 0.75 4.58 180.31</u></div>
<div><u>Mdsx Avg 0.70 -0.19 4.08 160.72 0.73 -0.26 4.56 179.32</u></div>
<div><u>Hensall 0.71 4.09 161.11 0.74 4.57 179.72</u></div>
<div><u>Bruce 0.70 4.08 160.72 0.75 4.58 180.31</u></div>
<div><u>Putnam 0.70 4.08 160.72 0.75 4.58 180.31</u></div>
<div><u>Burford 0.75 4.13 162.69 0.70 4.53 178.34</u></div>
<div><u>Port Perry 0.70 4.08 160.72 0.70 4.53 178.34</u></div>
<div><u>Norfolk 0.70 4.08 160.72 0.70 4.53 178.34</u></div>
<div><u>Palmerston 0.75 4.13 162.69 0.70 4.53 178.34</u></div>
<div><u>Varna 0.70 4.08 160.72 0.70 4.53 178.34</u></div>
<div><u>Trenton 0.75 4.13 162.69 0.85 4.68 184.24</u></div>
<div><u>Winchester 1.25 4.63 182.37 0.90 4.73 186.21</u></div>
<div><u>North Gower 1.15 4.53 178.44 0.85 4.68 184.24</u></div>
<div><u>Huron FOB 0.75 4.13 162.69 0.75 4.58 180.31</u></div>
<div><u>Kent FOB 0.75 4.13 162.69 0.70 4.53 178.34</u></div>
<div><u>Lamb FOB 0.70 4.08 160.72 0.65 4.48 176.37</u></div>
<div><u>Mdsx FOB 0.70 0.75 0.70 0.75 4.08 160.72 0.70 4.53 178.34</u></div>
<div><u>FOB SW Que 1.24 4.62 181.98N/A</u></div>
<div><u>Track 1.08 4.46 175.48N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 0.95 0.95 1.00 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 4.28 168.59N/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 4.43 174.50 0.90 4.73 186.21</u></div>
<div><u>Pt.Colb-Ing 0.95N/A N/A N/A 4.33 170.56N/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 1.19 4.57 180.09</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.25 4.63 182.37</u></div>
<div><u>Toledo El. -0.13 3.25 128.14 -0.25 3.58 140.74</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.72 1/2 4.10 3/4</u></div>
<div><u>HI SD CRN 0.75 4.13 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 1.2768 up 0.0041</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN18 HI 9.78 NOV18 HI 9.89 3/4</u></div>
<div><u> LOW 9.68 LOW 9.81 1/4</u></div>
<div><u> CLOSE9.76 1/4 Up 8 1/2 CLOSE 9.87 3/4 Up 6 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 +JAN1+JAN1+MAR18</u></div>
<div><u>CK Low 1.75 11.51 423.011.85 11.73 430.91</u></div>
<div><u>CK High 1.90 11.66 428.522.05 11.93 438.26</u></div>
<div><u>CK Average 1.83 -0.6811.59 425.951.93 -0.6111.81 433.97</u></div>
<div><u>Essex Cty 1.80 11.56 424.851.85 11.73 430.91</u></div>
<div><u>Mdsx Low 1.83 11.59 425.951.95 11.83 434.59</u></div>
<div><u>Mdsx High 1.85 11.61 426.691.95 11.83 434.59</u></div>
<div><u>Mdsx Average 1.84 -0.6811.60 426.321.95 -0.6011.83 434.59</u></div>
<div><u>Hensall 1.88 11.64 427.601.98 11.85 435.50</u></div>
<div><u>Bruce 1.80 11.56 424.851.90 11.78 432.75</u></div>
<div><u>Putnam 1.95 11.71 430.362.00 11.88 436.42</u></div>
<div><u>Burford 1.90 11.66 428.522.02 11.90 437.16</u></div>
<div><u>Port Perry 1.80 11.56 424.851.92 11.80 433.48</u></div>
<div><u>Norfolk 1.90 11.66 428.522.00 11.88 436.42</u></div>
<div><u>Palmerston 1.90 11.66 428.521.90 11.78 432.75</u></div>
<div><u>Varna 1.90 11.66 428.522.00 11.88 436.42</u></div>
<div><u>Trenton 1.85 11.61 426.692.00 11.88 436.42</u></div>
<div><u>Winchester 2.07 11.83 434.771.86 11.74 431.28</u></div>
<div><u>North Gower 1.85 11.61 426.691.85 11.73 430.91</u></div>
<div><u>Huron FOB 2.00 11.76 432.202.10 11.98 440.10</u></div>
<div><u>Kent FOB 1.95 11.71 430.361.95 11.83 434.59</u></div>
<div><u>Lambton FOB 1.80 11.56 424.852.00 11.88 436.42</u></div>
<div><u>Middlesex FOB1.99 2.06 2.10 2.13 11.75 431.832.08 11.96 439.36</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.25 12.01 441.38 N/A</u></div>
<div><u>Prescott 2.07 11.83 434.772.04 11.92 437.89</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.46 9.30 341.82-0.38 9.50 348.89</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2768 up 0.0041</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>DEC17 HI 4.28 1/4 JUL18 HI 4.69 1/2</u></div>
<div><u> LOW 4.18 LOW 4.60 3/4</u></div>
<div><u> CLOSE 4.20 Down 8 CLOSE 4.63 1/2 Down 6 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>DEC17 HI 6.31 3/4 SEP18 HI 6.38 1/2</u></div>
<div><u> LOW 6.23 LOW 6.35</u></div>
<div><u> CLOSE 6.24 3/4 Down 4 1/4 CLOSE 6.37 1/4 Down 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 0.78 1.03 0.91 0.58</u></div>
<div><u>CAD $/bu 4.98 5.23 5.11 6.83</u></div>
<div><u>CAD $/tonne 182.97 192.35 187.66 250.88</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 0.92 0.98 0.92 N/A 0.96 0.90 0.77 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 1.50</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 1.58 N/A N/A N/A 1.27 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.15US 5.30CA 4.49US 5.72CA</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 0.35</u></div>
<div><u>CAD $/bu 5.53 5.53 5.46 6.72</u></div>
<div><u>CAD $/tonne 203.03 203.03 200.68 246.93</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 456.70</u></div>
<div><u>DDG's FOB Srn & Aylm 140.00 - 145.00</u></div>
<div><br>
</div>
<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;
background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333"><br>
<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"> </span></span></span><span class="object"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p></o:p></span></span></p>
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