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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, November 20</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2802 up 0.0035</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> DEC17 HI 3.45 1/4 DEC18 HI 3.88 3/4</u></div>
<div><u> LOW 3.41 1/2 LOW 3.84 3/4</u></div>
<div><u> CLOSE3.45 Up 2 CLOSE 3.88 Up 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 4.15 163.38 0.70 4.58 180.31</u></div>
<div><u>CK High 0.75 4.20 165.35 0.75 4.63 182.28</u></div>
<div><u>CK Avg 0.71 -0.20 4.16 163.71 0.73 -0.27 4.61 181.29</u></div>
<div><u>Essex Cty 0.70 4.15 163.38 0.70 4.58 180.31</u></div>
<div><u>Mdsx Low 0.70 4.15 163.38 0.75 4.63 182.28</u></div>
<div><u>Mdsx High 0.75 4.20 165.35 0.75 4.63 182.28</u></div>
<div><u>Mdsx Avg 0.73 -0.19 4.18 164.36 0.75 -0.25 4.63 182.28</u></div>
<div><u>Hensall 0.75 4.20 165.35 0.75 4.63 182.28</u></div>
<div><u>Bruce 0.75 4.20 165.35 0.75 4.63 182.28</u></div>
<div><u>Putnam 0.70 4.15 163.38 0.75 4.63 182.28</u></div>
<div><u>Burford 0.75 4.20 165.35 0.75 4.63 182.28</u></div>
<div><u>Port Perry 0.75 4.20 165.35 0.75 4.63 182.28</u></div>
<div><u>Norfolk 0.70 4.15 163.38 0.70 4.58 180.31</u></div>
<div><u>Palmerston 0.75 4.20 165.35 0.70 4.58 180.31</u></div>
<div><u>Varna 0.75 4.20 165.35 0.75 4.63 182.28</u></div>
<div><u>Trenton 0.75 4.20 165.35 0.85 4.73 186.21</u></div>
<div><u>Winchester 1.25 4.70 185.03 0.90 4.78 188.18</u></div>
<div><u>North Gower 1.15 4.60 181.09 0.85 4.73 186.21</u></div>
<div><u>Huron FOB 0.77 4.22 166.13 0.80 4.68 184.24</u></div>
<div><u>Kent FOB 0.75 4.20 165.35 0.70 4.58 180.31</u></div>
<div><u>Lamb FOB 0.70 4.15 163.38 0.65 4.53 178.34</u></div>
<div><u>Mdsx FOB 0.70 0.75 0.70 0.75 4.15 163.38 0.75 4.63 182.28</u></div>
<div><u>FOB SW Que 1.21 4.66 183.46N/A</u></div>
<div><u>Track 1.08 4.53 178.14N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 0.95 1.00 0.85 4.73 186.21</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 4.73 186.21</u></div>
<div><u>Sarn-Eth 0.90 0.95 0.90N/A 4.35 171.25N/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 4.50 177.16 0.90 4.78 188.18</u></div>
<div><u>Pt.Colb-Ing 0.95N/A N/A N/A 4.40 173.22N/A</u></div>
<div><u>Cardnl-Ing N/A N/A 1.35 1.40 1.05 4.93 194.09</u></div>
<div><u>W O Feed 1.20 4.65 182.90</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.27 4.72 185.82</u></div>
<div><u>Toledo El. -0.13 3.32 130.78 -0.26 3.62 142.70</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.72 1/2 4.17 1/2</u></div>
<div><u>HI SD CRN 0.75 4.20</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2802 up 0.0035</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JAN18 HI 9.92 NOV18 HI 10.02 1/4</u></div>
<div><u> LOW 9.83 LOW 9.94</u></div>
<div><u> CLOSE9.90 Down 1/2 CLOSE 10.02 Up 1</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 1.90 11.80 433.581.95 11.97 439.82</u></div>
<div><u>CK High 2.00 11.90 437.252.05 12.07 443.50</u></div>
<div><u>CK Average 1.95 -0.6411.85 435.411.98 -0.6212.00 441.05</u></div>
<div><u>Essex Cty 1.90 11.80 433.581.90 11.92 437.99</u></div>
<div><u>Mdsx Low 1.90 11.80 433.581.95 11.97 439.82</u></div>
<div><u>Mdsx High 2.00 11.90 437.252.05 12.07 443.50</u></div>
<div><u>Mdsx Average 1.95 -0.6411.85 435.412.00 -0.6012.02 441.66</u></div>
<div><u>Hensall 1.98 11.88 436.332.03 12.05 442.58</u></div>
<div><u>Bruce 1.95 11.85 435.412.00 12.02 441.66</u></div>
<div><u>Putnam 1.95 11.85 435.412.00 12.02 441.66</u></div>
<div><u>Burford 1.97 11.87 436.152.02 12.04 442.39</u></div>
<div><u>Port Perry 1.87 11.77 432.471.92 11.94 438.72</u></div>
<div><u>Norfolk 2.00 11.90 437.252.05 12.07 443.50</u></div>
<div><u>Palmerston 1.95 11.85 435.412.00 12.02 441.66</u></div>
<div><u>Varna 1.95 11.85 435.412.00 12.02 441.66</u></div>
<div><u>Trenton 1.90 11.80 433.582.00 12.02 441.66</u></div>
<div><u>Winchester 2.12 12.02 441.661.89 11.91 437.62</u></div>
<div><u>North Gower 1.85 11.75 431.741.85 11.87 436.15</u></div>
<div><u>Huron FOB 2.05 11.95 439.092.10 12.12 445.33</u></div>
<div><u>Kent FOB 2.05 11.95 439.092.00 12.02 441.66</u></div>
<div><u>Lambton FOB 2.00 11.90 437.252.00 12.02 441.66</u></div>
<div><u>Middlesex FOB2.10 2.16 2.15 2.18 12.00 440.922.11 12.13 445.70</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.25 12.15 446.44 N/A</u></div>
<div><u>Prescott 2.15 12.05 442.762.12 12.14 446.07</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.42 9.48 348.24-0.38 9.64 354.10</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2802 up 0.0035</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>DEC17 HI 4.28 JUL18 HI 4.66 3/4</u></div>
<div><u> LOW 4.19 1/4 LOW 4.60 1/4</u></div>
<div><u> CLOSE 4.22 Down 5 1/4 CLOSE 4.62 1/4 Down 4 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>DEC17 HI 6.36 1/2 SEP18 HI 6.36 1/4</u></div>
<div><u> LOW 6.25 3/4 LOW 6.32 1/2</u></div>
<div><u> CLOSE 6.26 1/4 Down 8 3/4 CLOSE 6.34 Down 5 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 0.80 1.05 0.93 0.60</u></div>
<div><u>CAD $/bu 5.02 5.27 5.15 6.87</u></div>
<div><u>CAD $/tonne 184.40 193.81 189.10 252.26</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 0.91 0.97 0.91 N/A 0.95 0.88 0.75 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 0.08 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.75 0.75 0.50 N/A 0.89 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 1.59 N/A N/A N/A 1.28 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.17US 5.34CA 4.47US 5.71CA</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 5.52 5.52 5.45 6.69</u></div>
<div><u>CAD $/tonne 202.71 202.71 200.37 245.74</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 468.27</u></div>
<div><u>DDG's FOB Srn & Aylm 140.00 - 145.00</u></div>
<div><br>
</div>
---
<p></p>
<p></p>
<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>
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