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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, October 25</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3066 up 0.0067</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> DEC18 HI 3.68 1/4 DEC19 HI 4.01</u></div>
<div><u> LOW 3.60 1/2 LOW 3.95 3/4</u></div>
<div><u> CLOSE3.61 Down 7 1/4 CLOSE 3.96 1/4 Down 5 1/4</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 +DEC18+MAR19+MAR19</u></div>
<div><u>CK Low 0.60 4.21 165.74 0.75 4.71 185.52</u></div>
<div><u>CK High 0.70 4.31 169.68 0.80 4.76 187.49</u></div>
<div><u>CK Avg 0.68 -0.33 4.29 168.69 0.77 -0.33 4.73 186.18</u></div>
<div><u>Essex Cty 0.70 4.31 169.68 0.75 4.71 185.52</u></div>
<div><u>Mdsx Low 0.70 4.31 169.68 0.75 4.71 185.52</u></div>
<div><u>Mdsx High 0.70 4.31 169.68 0.80 4.76 187.49</u></div>
<div><u>Mdsx Avg 0.70 -0.31 4.31 169.68 0.78 -0.33 4.74 186.51</u></div>
<div><u>Hensall 0.63 4.24 166.72 0.80 4.76 187.49</u></div>
<div><u>Bruce 0.55 4.16 163.77 0.80 4.76 187.49</u></div>
<div><u>Putnam 0.55 4.16 163.77 0.80 4.76 187.49</u></div>
<div><u>Burford 0.70 4.31 169.68 0.75 4.71 185.52</u></div>
<div><u>Port Perry 0.85 4.46 175.58 0.85 4.81 189.46</u></div>
<div><u>Norfolk 0.70 4.31 169.68 0.75 4.71 185.52</u></div>
<div><u>Palmerston 0.65 4.26 167.71 0.80 4.76 187.49</u></div>
<div><u>Varna 0.55 4.16 163.77 0.80 4.76 187.49</u></div>
<div><u>Trenton 0.90 4.51 177.55 0.85 4.81 189.46</u></div>
<div><u>Winchester 1.30 4.91 193.30 0.95 4.91 193.40</u></div>
<div><u>North Gower 1.25 4.86 191.33 0.95 4.91 193.40</u></div>
<div><u>Huron FOB 0.80 4.41 173.61 0.80 4.76 187.49</u></div>
<div><u>Kent FOB 0.95 4.56 179.52 0.85 4.81 189.46</u></div>
<div><u>Lamb FOB 1.00 4.61 181.49 0.86 4.82 189.85</u></div>
<div><u>Mdsx FOB 1.05N/A N/A N/A 4.66 183.46N/A</u></div>
<div><u>FOB SW Que 1.47 5.08 199.99N/A</u></div>
<div><u>Track 1.28 4.89 192.31N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.23 1.28 1.06 5.02 197.73</u></div>
<div><u>Jhnstwn-Eth N/A N/A 1.38 1.45 1.28 5.24 206.39</u></div>
<div><u>Aylmer-Eth 1.25 1.25 1.25 1.27 4.86 191.33 1.05 5.01 197.33</u></div>
<div><u>Sarn-Eth N/A 1.15 1.15N/A N/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 1.30N/A 1.08 5.04 198.51</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 1.55N/A 1.10 5.06 199.30</u></div>
<div><u>W O Feed 1.47 5.08 199.91</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.63 5.24 206.29</u></div>
<div><u>Toledo El. -0.46 3.15 124.12 -0.26 3.70 145.73</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.65 1 4.26</u></div>
<div><u>HI SD CRN 0.70 4.311</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3066 up 0.0067</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> NOV18 HI 8.51 NOV19 HI 9.16 1/4</u></div>
<div><u> LOW 8.40 LOW 9.05 1/2</u></div>
<div><u> CLOSE8.41 3/4 Down 8 1/2 CLOSE 9.07 3/4 Down 8 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 +NOV1+JAN1+JAN19</u></div>
<div><u>CK Low 2.55 10.97 402.991.83 10.91 400.78</u></div>
<div><u>CK High 2.75 11.17 410.341.95 11.03 405.19</u></div>
<div><u>CK Average 2.65 0.05 11.07 406.721.91 -0.6510.98 403.54</u></div>
<div><u>Essex Cty 2.30 10.72 393.801.95 11.03 405.19</u></div>
<div><u>Mdsx Low 2.75 11.17 410.341.62 10.70 393.07</u></div>
<div><u>Mdsx High 2.75 11.17 410.341.95 11.03 405.19</u></div>
<div><u>Mdsx Average 2.75 0.13 11.17 410.341.79 -0.7510.86 399.13</u></div>
<div><u>Hensall 2.75 11.17 410.341.90 10.98 403.35</u></div>
<div><u>Bruce 2.75 11.17 410.341.85 10.93 401.52</u></div>
<div><u>Putnam 2.85 11.27 414.012.00 11.08 407.03</u></div>
<div><u>Burford 2.78 11.20 411.441.95 11.03 405.19</u></div>
<div><u>Port Perry 2.74 11.16 409.971.91 10.99 403.72</u></div>
<div><u>Norfolk 2.75 11.17 410.341.90 10.98 403.35</u></div>
<div><u>Palmerston 2.70 11.12 408.501.95 11.03 405.19</u></div>
<div><u>Varna 2.85 11.27 414.011.95 11.03 405.19</u></div>
<div><u>Trenton 2.85 11.27 414.011.95 11.03 405.19</u></div>
<div><u>Winchester 2.85 11.27 414.011.91 10.99 403.72</u></div>
<div><u>North Gower 2.85 11.27 414.012.00 11.08 407.03</u></div>
<div><u>Huron FOB 2.80 11.22 412.171.95 11.03 405.19</u></div>
<div><u>Kent FOB 2.64 11.06 406.291.90 10.98 403.35</u></div>
<div><u>Lambton FOB 2.90 11.32 415.851.95 11.03 405.19</u></div>
<div><u>Middlesex FOB2.82 3.07 2.95 2.33 11.24 412.912.08 11.16 409.97</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.52 10.94 401.88 N/A</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.05 11.47 421.362.30 11.38 418.05</u></div>
<div><u>Prescott 3.20 11.62 426.872.52 11.60 426.14</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.72 7.70 282.89-0.39 8.69 319.17</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3066 up 0.0067</u></div>
<div><u>Chicago wheat closed moderately lower to lower.</u></div>
<div><u>DEC18 HI 4.99 3/4 JUL19 HI 5.38 3/4</u></div>
<div><u> LOW 4.85 1/2 LOW 5.26 3/4</u></div>
<div><u> CLOSE 4.87 1/4 Down 12 1/4 CLOSE 5.28 1/4 Down 11</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>DEC18 HI 5.78 1/2 SEP19 HI 6.08</u></div>
<div><u> LOW 5.69 LOW 6.01 3/4</u></div>
<div><u> CLOSE 5.69 1/2 Down 9 CLOSE 6.01 3/4 Down 5 1/4</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash 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 1.04 1.23 1.04 0.57</u></div>
<div><u>CAD $/bu 5.91 6.11 5.91 6.27</u></div>
<div><u>CAD $/tonne 217.12 224.32 217.12 230.20</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2018 Harvest 2019</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 1.00 N/A N/A N/A 0.95 N/A</u></div>
<div><u>London 0.92 1.18 0.85 N/A 1.17 1.30 0.97 N/A</u></div>
<div><u>Hensall 1.00 N/A 1.00 N/A 1.15 N/A 0.95 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 0.90 N/A</u></div>
<div><u>Bruce 0.95 1.30 0.95 0.60 1.00 1.30 0.95 0.65</u></div>
<div><u>Essex N/A N/A N/A N/A N/A N/A 0.97 N/A</u></div>
<div><u>Norwich 1.00 N/A 1.00 N/A 1.15 N/A 0.95 N/A</u></div>
<div><u>Port Hope N/A 1.00 1.00 N/A N/A 1.20 0.95 N/A</u></div>
<div><u>Kent Bridge 1.00 N/A 1.00 N/A 1.15 N/A 0.95 N/A</u></div>
<div><u>Chatham N/A N/A 0.95 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Brigden N/A N/A 0.95 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Palmerston N/A 1.15 0.95 N/A N/A 1.10 1.05 N/A</u></div>
<div><u>Varna 1.15 1.35 0.95 N/A 1.05 1.30 0.95 N/A</u></div>
<div><u>Mitchell 1.00 1.15 1.00 N/A 1.15 1.25 0.95 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.10 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.20 1.00 0.50 N/A 1.27 1.22 0.40</u></div>
<div><u>W O Feed 1.71</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 1.62 N/A N/A N/A 1.73 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.79US 6.26CA 5.13US 6.69CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.15 1.21 1.15 0.46</u></div>
<div><u>CAD $/bu 6.43 6.50 6.43 6.48</u></div>
<div><u>CAD $/tonne 236.28 238.67 236.28 237.96</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 488.66</u></div>
<div><u>DDG's FOB Srn & Aylm 180.00 - 190.00</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="" id="LPlnk946706" class="OWAAutoLink" previewremoved="true"><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="" id="LPlnk672731" class="OWAAutoLink" previewremoved="true"><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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