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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, November 22</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2696 down 0.0079</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> DEC17 HI 3.47 DEC18 HI 3.89 3/4</u></div>
<div><u> LOW 3.44 LOW 3.87</u></div>
<div><u> CLOSE3.45 1/4 Up 1/4 CLOSE 3.89 Up 1</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 4.15 163.48 0.70 4.59 180.70</u></div>
<div><u>CK High 0.75 4.20 165.45 0.75 4.64 182.67</u></div>
<div><u>CK Avg 0.71 -0.18 4.16 163.80 0.73 -0.25 4.62 181.68</u></div>
<div><u>Essex Cty 0.70 4.15 163.48 0.70 4.59 180.70</u></div>
<div><u>Mdsx Low 0.70 4.15 163.48 0.75 4.64 182.67</u></div>
<div><u>Mdsx High 0.75 4.20 165.45 0.75 4.64 182.67</u></div>
<div><u>Mdsx Avg 0.73 -0.16 4.18 164.46 0.75 -0.23 4.64 182.67</u></div>
<div><u>Hensall 0.75 4.20 165.45 0.75 4.64 182.67</u></div>
<div><u>Bruce 0.75 4.20 165.45 0.75 4.64 182.67</u></div>
<div><u>Putnam 0.70 4.15 163.48 0.75 4.64 182.67</u></div>
<div><u>Burford 0.75 4.20 165.45 0.75 4.64 182.67</u></div>
<div><u>Port Perry 0.75 4.20 165.45 0.75 4.64 182.67</u></div>
<div><u>Norfolk 0.70 4.15 163.48 0.70 4.59 180.70</u></div>
<div><u>Palmerston 0.75 4.20 165.45 0.70 4.59 180.70</u></div>
<div><u>Varna 0.75 4.20 165.45 0.75 4.64 182.67</u></div>
<div><u>Trenton 0.75 4.20 165.45 0.85 4.74 186.61</u></div>
<div><u>Winchester 1.25 4.70 185.13 0.90 4.79 188.57</u></div>
<div><u>North Gower 1.15 4.60 181.19 0.85 4.74 186.61</u></div>
<div><u>Huron FOB 0.77 4.22 166.23 0.80 4.69 184.64</u></div>
<div><u>Kent FOB 0.75 4.20 165.45 0.70 4.59 180.70</u></div>
<div><u>Lamb FOB 0.70 4.15 163.48 0.65 4.54 178.73</u></div>
<div><u>Mdsx FOB 0.70 0.75 0.70 0.75 4.15 163.48 0.75 4.64 182.67</u></div>
<div><u>FOB SW Que 1.24 4.69 184.74N/A</u></div>
<div><u>Track 1.10 4.55 179.22N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 0.95 1.00 0.85 4.74 186.61</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 4.74 186.61</u></div>
<div><u>Sarn-Eth 0.90 0.95 0.90N/A 4.35 171.35N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing N/A N/A N/A N/A 0.90 4.79 188.57</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A</u></div>
<div><u>Cardnl-Ing N/A N/A 1.35 1.40 1.05 4.94 194.48</u></div>
<div><u>W O Feed 1.22 4.67 184.03</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.22 4.67 183.95</u></div>
<div><u>Toledo El. -0.13 3.33 130.92 -0.25 3.64 143.15</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.72 1/2 4.17 3/4</u></div>
<div><u>HI SD CRN 0.75 4.20 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 1.2696 down 0.0079</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN18 HI 9.99 1/2 NOV18 HI 10.09 1/2</u></div>
<div><u> LOW 9.87 1/2 LOW 9.99 1/4</u></div>
<div><u> CLOSE9.97 1/4 Up 8 1/4 CLOSE 10.07 Up 6</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 1.93 11.90 437.341.95 12.02 441.66</u></div>
<div><u>CK High 2.00 11.97 439.912.05 12.12 445.33</u></div>
<div><u>CK Average 1.96 -0.5711.94 438.571.99 -0.5612.06 443.19</u></div>
<div><u>Essex Cty 1.90 11.87 436.241.90 11.97 439.82</u></div>
<div><u>Mdsx Low 1.93 11.90 437.341.98 12.05 442.76</u></div>
<div><u>Mdsx High 2.00 11.97 439.912.05 12.12 445.33</u></div>
<div><u>Mdsx Average 1.97 -0.5711.94 438.632.02 -0.5412.09 444.05</u></div>
<div><u>Hensall 2.00 11.97 439.912.05 12.12 445.33</u></div>
<div><u>Bruce 1.95 11.92 438.082.00 12.07 443.50</u></div>
<div><u>Putnam 2.05 12.02 441.752.10 12.17 447.17</u></div>
<div><u>Burford 2.00 11.97 439.912.05 12.12 445.33</u></div>
<div><u>Port Perry 1.90 11.87 436.241.95 12.02 441.66</u></div>
<div><u>Norfolk 2.00 11.97 439.912.07 12.14 446.07</u></div>
<div><u>Palmerston 1.95 11.92 438.082.00 12.07 443.50</u></div>
<div><u>Varna 2.00 11.97 439.912.05 12.12 445.33</u></div>
<div><u>Trenton 1.95 11.92 438.082.00 12.07 443.50</u></div>
<div><u>Winchester 2.02 11.99 440.652.00 12.07 443.50</u></div>
<div><u>North Gower 1.95 11.92 438.081.90 11.97 439.82</u></div>
<div><u>Huron FOB 2.10 12.07 443.592.15 12.22 449.01</u></div>
<div><u>Kent FOB 2.05 12.02 441.752.02 12.09 444.23</u></div>
<div><u>Lambton FOB 2.00 11.97 439.912.15 12.22 449.01</u></div>
<div><u>Middlesex FOB2.10 2.16 2.14 2.17 12.07 443.592.11 12.18 447.54</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.40 12.37 454.61 N/A</u></div>
<div><u>Prescott 2.15 12.12 445.432.11 12.18 447.54</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.38 9.59 352.43-0.38 9.69 356.02</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2696 down 0.0079</u></div>
<div><u>Chicago wheat closed narrowly mixed.</u></div>
<div><u>DEC17 HI 4.26 1/4 JUL18 HI 4.71</u></div>
<div><u> LOW 4.20 3/4 LOW 4.64</u></div>
<div><u> CLOSE 4.22 3/4 Down 2 CLOSE 4.67 1/2 Up 1 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>DEC17 HI 6.31 1/2 SEP18 HI 6.36 1/2</u></div>
<div><u> LOW 6.24 3/4 LOW 6.34</u></div>
<div><u> CLOSE 6.26 3/4 Down 1/4 CLOSE 6.34 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 0.76 1.01 0.89 0.55</u></div>
<div><u>CAD $/bu 4.99 5.24 5.11 6.81</u></div>
<div><u>CAD $/tonne 183.22 192.55 187.88 250.39</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 0.90 0.96 0.90 N/A 0.94 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 0.72 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 0.07 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 1.53</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 1.56 N/A N/A N/A 1.26 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.18US 5.30CA 4.53US 5.74CA</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 0.88 0.88 0.81 0.31</u></div>
<div><u>CAD $/bu 5.55 5.55 5.49 6.65</u></div>
<div><u>CAD $/tonne 203.95 203.95 201.62 244.39</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 478.85</u></div>
<div><u>DDG's FOB Srn & Aylm 155.00</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;
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<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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