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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, November 27</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2758 up 0.0047</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> DEC17 HI 3.42 1/2 DEC18 HI 3.88</u></div>
<div><u> LOW 3.38 1/2 LOW 3.84 1/4</u></div>
<div><u> CLOSE3.38 3/4 Down 3 1/2 CLOSE 3.84 1/2 Down 3</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 4.09 160.92 0.70 4.55 178.93</u></div>
<div><u>CK High 0.75 4.14 162.89 0.75 4.60 180.90</u></div>
<div><u>CK Avg 0.71 -0.17 4.10 161.44 0.73 -0.25 4.58 180.24</u></div>
<div><u>Essex Cty 0.73 4.12 162.10 0.70 4.55 178.93</u></div>
<div><u>Mdsx Low 0.70 4.09 160.92 0.75 4.60 180.90</u></div>
<div><u>Mdsx High 0.75 4.14 162.89 0.75 4.60 180.90</u></div>
<div><u>Mdsx Avg 0.73 -0.16 4.11 161.90 0.75 -0.23 4.60 180.90</u></div>
<div><u>Hensall 0.75 4.14 162.89 0.75 4.60 180.90</u></div>
<div><u>Bruce 0.75 4.14 162.89 0.75 4.60 180.90</u></div>
<div><u>Putnam 0.70 4.09 160.92 0.75 4.60 180.90</u></div>
<div><u>Burford 0.75 4.14 162.89 0.75 4.60 180.90</u></div>
<div><u>Port Perry 0.75 4.14 162.89 0.75 4.60 180.90</u></div>
<div><u>Norfolk 0.70 4.09 160.92 0.75 4.60 180.90</u></div>
<div><u>Palmerston 0.65 4.04 158.95 0.70 4.55 178.93</u></div>
<div><u>Varna 0.75 4.14 162.89 0.75 4.60 180.90</u></div>
<div><u>Trenton 0.75 4.14 162.89 0.85 4.70 184.83</u></div>
<div><u>Winchester 1.25 4.64 182.57 0.90 4.75 186.80</u></div>
<div><u>North Gower 1.15 4.54 178.63 0.85 4.70 184.83</u></div>
<div><u>Huron FOB 0.75 4.14 162.89 0.75 4.60 180.90</u></div>
<div><u>Kent FOB 0.75 4.14 162.89 0.75 4.60 180.90</u></div>
<div><u>Lamb FOB 0.70 4.09 160.92 0.65 4.50 176.96</u></div>
<div><u>Mdsx FOB 0.70 0.75 0.70 0.75 4.09 160.92 0.75 4.60 180.90</u></div>
<div><u>FOB SW Que 1.15 4.54 178.63N/A</u></div>
<div><u>Track 1.14 4.53 178.24N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 0.95 1.00 0.85 4.70 184.83</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 4.70 184.83</u></div>
<div><u>Sarn-Eth 0.90 0.95 0.90N/A 4.29 168.79N/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 4.75 186.80</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 4.90 192.71</u></div>
<div><u>W O Feed 1.25 4.64 182.73</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.30 4.69 184.54</u></div>
<div><u>Toledo El. -0.09 3.30 129.84 -0.25 3.59 141.35</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.72 1/2 4.11 1/4</u></div>
<div><u>HI SD CRN 0.75 4.13 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2758 up 0.0047</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN18 HI 10.01 1/2 NOV18 HI 10.10 1/2</u></div>
<div><u> LOW 9.90 1/2 LOW 10.02 1/2</u></div>
<div><u> CLOSE9.96 Up 2 3/4 CLOSE 10.06 1/4 Up 1 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 1.85 11.81 433.941.85 11.91 437.71</u></div>
<div><u>CK High 1.95 11.91 437.622.00 12.06 443.22</u></div>
<div><u>CK Average 1.90 -0.6611.86 435.901.93 -0.6412.00 440.77</u></div>
<div><u>Essex Cty 1.90 11.86 435.781.90 11.96 439.55</u></div>
<div><u>Mdsx Low 1.87 11.83 434.681.93 11.99 440.65</u></div>
<div><u>Mdsx High 1.90 11.86 435.781.95 12.01 441.38</u></div>
<div><u>Mdsx Average 1.89 -0.6811.85 435.231.94 -0.6312.00 441.02</u></div>
<div><u>Hensall 1.93 11.89 436.701.98 12.04 442.30</u></div>
<div><u>Bruce 1.85 11.81 433.941.90 11.96 439.55</u></div>
<div><u>Putnam 1.90 11.86 435.781.90 11.96 439.55</u></div>
<div><u>Burford 1.94 11.90 437.252.00 12.06 443.22</u></div>
<div><u>Port Perry 1.84 11.80 433.581.90 11.96 439.55</u></div>
<div><u>Norfolk 1.95 11.91 437.622.02 12.08 443.96</u></div>
<div><u>Palmerston 1.95 11.91 437.622.00 12.06 443.22</u></div>
<div><u>Varna 1.95 11.91 437.622.00 12.06 443.22</u></div>
<div><u>Trenton 1.90 11.86 435.781.95 12.01 441.38</u></div>
<div><u>Winchester 1.92 11.88 436.521.89 11.95 439.18</u></div>
<div><u>North Gower 1.85 11.81 433.941.80 11.86 435.87</u></div>
<div><u>Huron FOB 2.05 12.01 441.292.10 12.16 446.90</u></div>
<div><u>Kent FOB 2.00 11.96 439.451.97 12.03 442.12</u></div>
<div><u>Lambton FOB 1.95 11.91 437.622.05 12.11 445.06</u></div>
<div><u>Middlesex FOB2.04 2.10 2.09 2.12 12.00 440.922.05 12.11 445.06</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.38 12.34 453.42 N/A</u></div>
<div><u>Prescott 2.09 12.05 442.762.06 12.12 445.43</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.38 9.58 351.90-0.38 9.68 355.71</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2758 up 0.0047</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>DEC17 HI 4.16 JUL18 HI 4.61 1/4</u></div>
<div><u> LOW 4.08 3/4 LOW 4.55</u></div>
<div><u> CLOSE 4.09 1/2 Down 6 1/4 CLOSE 4.55 1/2 Down 5 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower to lower.</u></div>
<div><u>DEC17 HI 6.24 SEP18 HI 6.34 1/2</u></div>
<div><u> LOW 6.08 1/2 LOW 6.31 1/2</u></div>
<div><u> CLOSE 6.10 Down 13 1/2 CLOSE 6.32 1/4 Down 1 1/4</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 0.75 1.00 0.87 0.53</u></div>
<div><u>CAD $/bu 4.84 5.10 4.97 6.63</u></div>
<div><u>CAD $/tonne 177.91 187.28 182.59 243.77</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 0.84 0.91 0.84 N/A 0.90 0.83 0.71 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 N/A 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 0.04 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 1.56</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 1.63 N/A N/A N/A 1.24 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.05US 5.16CA 4.41US 5.61CA</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 0.86 0.86 0.80 0.32</u></div>
<div><u>CAD $/bu 5.41 5.41 5.35 6.65</u></div>
<div><u>CAD $/tonne 198.96 198.96 196.62 244.20</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 481.83</u></div>
<div><u>DDG's FOB Srn & Aylm 155.00</u></div>
<div><u><br>
</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;
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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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