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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, December 1</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2699 down 0.0204</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.59 1/2 DEC18 HI 3.90</u></div>
<div><u> LOW 3.54 3/4 LOW 3.85 1/2</u></div>
<div><u> CLOSE3.58 3/4 Up 3 CLOSE 3.89 3/4 Up 2 1/2</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+MAY18</u></div>
<div><u>CK Low 0.60 4.19 164.85 0.70 4.60 181.00</u></div>
<div><u>CK High 0.65 4.24 166.82 0.75 4.65 182.96</u></div>
<div><u>CK Avg 0.61 -0.28 4.20 165.18 0.71 -0.27 4.61 181.32</u></div>
<div><u>Essex Cty 0.60 4.19 164.85 0.70 4.60 181.00</u></div>
<div><u>Mdsx Low 0.60 4.19 164.85 0.70 4.60 181.00</u></div>
<div><u>Mdsx High 0.60 4.19 164.85 0.75 4.65 182.96</u></div>
<div><u>Mdsx Avg 0.60 -0.29 4.19 164.85 0.73 -0.25 4.62 181.98</u></div>
<div><u>Hensall 0.60 4.19 164.85 0.70 4.60 181.00</u></div>
<div><u>Bruce 0.65 4.24 166.82 0.75 4.65 182.96</u></div>
<div><u>Putnam N/A 0.75 4.65 182.96</u></div>
<div><u>Burford 0.65 4.24 166.82 0.75 4.65 182.96</u></div>
<div><u>Port Perry 0.60 4.19 164.85 0.75 4.65 182.96</u></div>
<div><u>Norfolk 0.60 4.19 164.85 0.70 4.60 181.00</u></div>
<div><u>Palmerston 0.65 4.24 166.82 0.70 4.60 181.00</u></div>
<div><u>Varna 0.60 4.19 164.85 0.70 4.60 181.00</u></div>
<div><u>Trenton 0.65 4.24 166.82 0.85 4.75 186.90</u></div>
<div><u>Winchester 1.20 4.79 188.48 0.90 4.80 188.87</u></div>
<div><u>North Gower 1.02 4.61 181.39 0.85 4.75 186.90</u></div>
<div><u>Huron FOB 0.75 4.34 170.76 0.75 4.65 182.96</u></div>
<div><u>Kent FOB 0.75 4.34 170.76 0.70 4.60 181.00</u></div>
<div><u>Lamb FOB 0.75 4.34 170.76 0.65 4.55 179.03</u></div>
<div><u>Mdsx FOB 0.65 0.65N/A N/A 4.24 166.82 0.75 4.65 182.96</u></div>
<div><u>FOB SW Que 1.22 4.81 189.26N/A</u></div>
<div><u>Track 1.08 4.66 183.55N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 0.95 1.00 1.00 0.85 4.75 186.90</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 4.75 186.90</u></div>
<div><u>Sarn-Eth 0.90 0.95 0.95N/A 4.49 176.67N/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 1.05 0.90 4.80 188.87</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 1.35 1.40 1.35 1.05 4.95 194.77</u></div>
<div><u>W O Feed 1.23 4.82 189.74</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.19 4.78 188.08</u></div>
<div><u>Toledo El. -0.24 3.35 131.73 -0.25 3.64 143.45</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.62 1/2 4.21 1/4</u></div>
<div><u>HI SD CRN 0.65 4.23 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 1.2699 down 0.0204</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN18 HI 9.95 3/4 NOV18 HI 10.09 1/2</u></div>
<div><u> LOW 9.85 1/2 LOW 10.01</u></div>
<div><u> CLOSE9.94 1/4 Up 8 1/2 CLOSE 10.09 Up 8</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+MAR1+MAR18</u></div>
<div><u>CK Low 1.95 11.89 436.971.95 12.04 442.39</u></div>
<div><u>CK High 2.00 11.94 438.812.05 12.14 446.07</u></div>
<div><u>CK Average 1.98 -0.5511.92 438.082.00 -0.5612.09 444.17</u></div>
<div><u>Essex Cty 1.95 11.89 436.971.95 12.04 442.39</u></div>
<div><u>Mdsx Low 1.98 11.92 438.081.99 12.08 443.86</u></div>
<div><u>Mdsx High 2.00 11.94 438.812.05 12.14 446.07</u></div>
<div><u>Mdsx Average 1.99 -0.5511.93 438.442.02 -0.5512.11 444.97</u></div>
<div><u>Hensall 2.00 11.94 438.812.05 12.14 446.07</u></div>
<div><u>Bruce 2.00 11.94 438.812.05 12.14 446.07</u></div>
<div><u>Putnam N/A 2.15 12.24 449.74</u></div>
<div><u>Burford 2.05 11.99 440.652.06 12.15 446.44</u></div>
<div><u>Port Perry 1.95 11.89 436.971.96 12.05 442.76</u></div>
<div><u>Norfolk 2.00 11.94 438.812.05 12.14 446.07</u></div>
<div><u>Palmerston 2.05 11.99 440.652.00 12.09 444.23</u></div>
<div><u>Varna 2.00 11.94 438.812.05 12.14 446.07</u></div>
<div><u>Trenton 1.95 11.89 436.972.00 12.09 444.23</u></div>
<div><u>Winchester 1.97 11.91 437.711.89 11.98 440.19</u></div>
<div><u>North Gower 1.85 11.79 433.301.80 11.89 436.88</u></div>
<div><u>Huron FOB 2.10 12.04 442.492.15 12.24 449.74</u></div>
<div><u>Kent FOB 2.05 11.99 440.652.00 12.09 444.23</u></div>
<div><u>Lambton FOB 2.00 11.94 438.812.10 12.19 447.91</u></div>
<div><u>Middlesex FOB2.15 2.14 2.17 2.17 12.09 444.322.12 12.21 448.64</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.40 12.34 453.51 N/A</u></div>
<div><u>Prescott 2.13 12.07 443.592.27 12.36 454.15</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.34 9.60 352.73-0.38 9.71 356.76</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2699 down 0.0204</u></div>
<div><u>Chicago wheat closed moderately higher.</u></div>
<div><u>MAR18 HI 4.39 JUL18 HI 4.64 1/2</u></div>
<div><u> LOW 4.32 LOW 4.57 1/2</u></div>
<div><u> CLOSE 4.38 1/2 Up 5 1/2 CLOSE 4.64 1/4 Up 6</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>MAR18 HI 6.32 3/4 SEP18 HI 6.31 1/4</u></div>
<div><u> LOW 6.21 1/2 LOW 6.27</u></div>
<div><u> CLOSE 6.31 1/2 Up 9 3/4 CLOSE 6.31 1/4 Up 3 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 0.61 0.87 0.74 0.37</u></div>
<div><u>CAD $/bu 5.00 5.25 5.12 6.69</u></div>
<div><u>CAD $/tonne 183.61 192.95 188.28 245.67</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 0.80 N/A N/A N/A 0.75 N/A</u></div>
<div><u>London 0.63 0.70 0.63 N/A 0.93 0.87 0.74 N/A</u></div>
<div><u>Hensall 0.85 N/A 0.85 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 0.85 0.85 0.85 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 0.85 N/A 0.85 N/A 0.95 N/A 0.75 N/A</u></div>
<div><u>Port Hope N/A N/A 0.85 N/A N/A 0.75 0.75 N/A</u></div>
<div><u>Kent Bridge 0.85 N/A 0.85 N/A 0.95 N/A 0.75 N/A</u></div>
<div><u>Chatham N/A N/A 0.75 N/A N/A N/A 0.70 N/A</u></div>
<div><u>Brigden N/A N/A 0.75 N/A N/A N/A 0.70 N/A</u></div>
<div><u>Palmerston N/A 0.80 0.85 0.25 N/A 0.65 0.75 0.35</u></div>
<div><u>Varna 1.05 0.75 0.75 N/A 0.90 0.70 0.70 N/A</u></div>
<div><u>Mitchell 0.85 0.85 0.85 N/A 0.95 0.75 0.75 N/A</u></div>
<div><u>Thornton N/A N/A N/A -0.09 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.55 0.55 0.35 N/A 0.89 0.89 0.25</u></div>
<div><u>W O Feed 1.44</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 1.44 N/A N/A N/A 1.25 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.29US 5.44CA 4.49US 5.70CA</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 0.87 0.87 0.80 0.30</u></div>
<div><u>CAD $/bu 5.51 5.51 5.45 6.61</u></div>
<div><u>CAD $/tonne 202.46 202.46 200.13 243.02</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 476.43</u></div>
<div><u>DDG's FOB Srn & Aylm 160.00 - 165.00</u></div>
<div><u><br>
</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;
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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