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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, November 17</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2767 up 0.0022</u></div>
<div><u>Chicago corn closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> DEC17 HI 3.43 1/2 DEC18 HI 3.87 1/2</u></div>
<div><u> LOW 3.36 1/2 LOW 3.81 1/4</u></div>
<div><u> CLOSE3.43 Up 6 1/2 CLOSE 3.87 1/4 Up 5 3/4</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 4.13 162.59 0.70 4.57 180.01</u></div>
<div><u>CK High 0.75 4.18 164.56 0.75 4.62 181.98</u></div>
<div><u>CK Avg 0.71 -0.19 4.14 162.92 0.73 -0.27 4.60 181.00</u></div>
<div><u>Essex Cty 0.70 4.13 162.59 0.70 4.57 180.01</u></div>
<div><u>Mdsx Low 0.70 4.13 162.59 0.75 4.62 181.98</u></div>
<div><u>Mdsx High 0.70 4.13 162.59 0.75 4.62 181.98</u></div>
<div><u>Mdsx Avg 0.70 -0.19 4.13 162.59 0.75 -0.25 4.62 181.98</u></div>
<div><u>Hensall 0.73 4.16 163.58 0.75 4.62 181.98</u></div>
<div><u>Bruce 0.70 4.13 162.59 0.75 4.62 181.98</u></div>
<div><u>Putnam 0.70 4.13 162.59 0.75 4.62 181.98</u></div>
<div><u>Burford 0.75 4.18 164.56 0.75 4.62 181.98</u></div>
<div><u>Port Perry 0.75 4.18 164.56 0.75 4.62 181.98</u></div>
<div><u>Norfolk 0.70 4.13 162.59 0.70 4.57 180.01</u></div>
<div><u>Palmerston 0.75 4.18 164.56 0.70 4.57 180.01</u></div>
<div><u>Varna 0.70 4.13 162.59 0.70 4.57 180.01</u></div>
<div><u>Trenton 0.75 4.18 164.56 0.85 4.72 185.92</u></div>
<div><u>Winchester 1.25 4.68 184.24 0.90 4.77 187.89</u></div>
<div><u>North Gower 1.15 4.58 180.31 0.85 4.72 185.92</u></div>
<div><u>Huron FOB 0.77 4.20 165.35 0.80 4.67 183.95</u></div>
<div><u>Kent FOB 0.75 4.18 164.56 0.70 4.57 180.01</u></div>
<div><u>Lamb FOB 0.70 4.13 162.59 0.65 4.52 178.04</u></div>
<div><u>Mdsx FOB 0.70 0.75 0.70 0.75 4.13 162.59 0.75 4.62 181.98</u></div>
<div><u>FOB SW Que 1.21 4.64 182.67N/A</u></div>
<div><u>Track 1.08 4.51 177.35N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 0.95 1.00 0.85 4.72 185.92</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 4.72 185.92</u></div>
<div><u>Sarn-Eth 0.90 0.95 0.90N/A 4.33 170.46N/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 4.48 176.37 0.90 4.77 187.89</u></div>
<div><u>Pt.Colb-Ing 0.95N/A N/A N/A 4.38 172.43N/A</u></div>
<div><u>Cardnl-Ing N/A N/A 1.35 1.40 1.05 4.92 193.79</u></div>
<div><u>W O Feed 1.20 4.63 182.12</u></div>
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</u></div>
<div><u>US Rep 1.27 4.70 185.03</u></div>
<div><u>Toledo El. -0.13 3.30 130.01 -0.26 3.62 142.40</u></div>
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</u></div>
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</u></div>
<div><u>MID SD CRN 0.72 1/2 4.15 1/2</u></div>
<div><u>HI SD CRN 0.75 4.18</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2767 up 0.0022</u></div>
<div><u>Chicago soybeans closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN18 HI 9.92 NOV18 HI 10.02 1/4</u></div>
<div><u> LOW 9.71 1/2 LOW 9.85 1/2</u></div>
<div><u> CLOSE9.90 1/2 Up 18 1/2 CLOSE 10.01 Up 15 1/2</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 1.80 11.71 430.091.85 11.86 435.78</u></div>
<div><u>CK High 1.95 11.86 435.602.05 12.06 443.13</u></div>
<div><u>CK Average 1.89 -0.6711.80 433.391.94 -0.6511.95 439.09</u></div>
<div><u>Essex Cty 1.90 11.81 433.761.90 11.91 437.62</u></div>
<div><u>Mdsx Low 1.89 11.80 433.391.94 11.95 439.09</u></div>
<div><u>Mdsx High 1.90 11.81 433.761.95 11.96 439.45</u></div>
<div><u>Mdsx Average 1.90 -0.6611.80 433.581.95 -0.6511.96 439.27</u></div>
<div><u>Hensall 1.93 11.83 434.681.98 11.99 440.37</u></div>
<div><u>Bruce 1.85 11.76 431.921.90 11.91 437.62</u></div>
<div><u>Putnam 1.95 11.86 435.602.00 12.01 441.29</u></div>
<div><u>Burford 1.96 11.87 435.962.01 12.02 441.66</u></div>
<div><u>Port Perry 1.86 11.77 432.291.91 11.92 437.99</u></div>
<div><u>Norfolk 1.95 11.86 435.602.00 12.01 441.29</u></div>
<div><u>Palmerston 1.95 11.86 435.602.00 12.01 441.29</u></div>
<div><u>Varna 1.95 11.86 435.602.00 12.01 441.29</u></div>
<div><u>Trenton 1.90 11.81 433.762.00 12.01 441.29</u></div>
<div><u>Winchester 2.12 12.03 441.841.89 11.90 437.25</u></div>
<div><u>North Gower 1.85 11.76 431.921.85 11.86 435.78</u></div>
<div><u>Huron FOB 2.05 11.96 439.272.10 12.11 444.97</u></div>
<div><u>Kent FOB 2.00 11.91 437.431.95 11.96 439.45</u></div>
<div><u>Lambton FOB 1.95 11.86 435.602.00 12.01 441.29</u></div>
<div><u>Middlesex FOB2.09 2.15 2.13 2.16 12.00 440.742.10 12.11 444.97</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.25 12.16 446.62 N/A</u></div>
<div><u>Prescott 2.15 12.06 442.952.12 12.13 445.70</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.42 9.48 348.47-0.38 9.63 353.73</u></div>
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</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2767 up 0.0022</u></div>
<div><u>Chicago wheat closed slightly to moderately higher.</u></div>
<div><u>DEC17 HI 4.28 JUL18 HI 4.67 1/2</u></div>
<div><u> LOW 4.21 LOW 4.62 1/4</u></div>
<div><u> CLOSE 4.27 1/4 Up 5 3/4 CLOSE 4.66 3/4 Up 4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>DEC17 HI 6.35 3/4 SEP18 HI 6.40</u></div>
<div><u> LOW 6.26 3/4 LOW 6.34</u></div>
<div><u> CLOSE 6.35 Up 4 3/4 CLOSE 6.39 3/4 Up 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 0.80 1.05 0.93 0.61</u></div>
<div><u>CAD $/bu 5.07 5.33 5.20 6.96</u></div>
<div><u>CAD $/tonne 186.35 195.73 191.04 255.65</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 0.73 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 1.00 0.90 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 0.05 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.75 0.75 0.50 N/A 0.89 0.89 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 1.29 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.22US 5.39CA 4.52US 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 0.91 0.91 0.84 0.37</u></div>
<div><u>CAD $/bu 5.58 5.58 5.51 6.76</u></div>
<div><u>CAD $/tonne 204.89 204.89 202.54 248.52</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 466.51</u></div>
<div><u>DDG's FOB Srn & Aylm 140.00 - 145.00</u></div>
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</u></div>
<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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