<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-2022-jp">
<style type="text/css" style="display:none;"><!-- P {margin-top:0;margin-bottom:0;} --></style>
</head>
<body dir="ltr">
<div id="divtagdefaultwrapper" style="font-size:10pt;color:#000000;font-family:'Courier New',monospace;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"><u></u></p>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, November 15</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3158 down 0.0074</u></div>
<div><u>Chicago corn closed steady to slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> DEC18 HI 3.71 3/4 DEC19 HI 4.02 3/4</u></div>
<div><u> LOW 3.66 1/2 LOW 3.98 1/2</u></div>
<div><u> CLOSE3.67 1/2 Up 1/2 CLOSE 3.99 Unchanged</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 +MAR19+MAR19+MAR19</u></div>
<div><u>CK Low 0.70 4.38 172.24 0.75 4.74 186.61</u></div>
<div><u>CK High 0.75 4.43 174.20 0.80 4.79 188.57</u></div>
<div><u>CK Avg 0.74 -0.32 4.42 173.88 0.78 -0.35 4.77 187.92</u></div>
<div><u>Essex Cty 0.75 4.43 174.20 0.75 4.74 186.61</u></div>
<div><u>Mdsx Low 0.70 4.38 172.24 0.75 4.74 186.61</u></div>
<div><u>Mdsx High 0.75 4.43 174.20 0.85 4.84 190.54</u></div>
<div><u>Mdsx Avg 0.73 -0.33 4.40 173.22 0.80 -0.34 4.79 188.57</u></div>
<div><u>Hensall 0.70 4.38 172.24 0.80 4.79 188.57</u></div>
<div><u>Bruce 0.65 4.33 170.27 0.80 4.79 188.57</u></div>
<div><u>Putnam 0.70 4.38 172.24 0.80 4.79 188.57</u></div>
<div><u>Burford 0.65 4.33 170.27 0.75 4.74 186.61</u></div>
<div><u>Port Perry 0.90 4.58 180.11 0.85 4.84 190.54</u></div>
<div><u>Norfolk 0.65 4.33 170.27 0.75 4.74 186.61</u></div>
<div><u>Palmerston 0.85 4.53 178.14 0.80 4.79 188.57</u></div>
<div><u>Varna 0.70 4.38 172.24 0.80 4.79 188.57</u></div>
<div><u>Trenton 0.90 4.58 180.11 0.85 4.84 190.54</u></div>
<div><u>Winchester 1.30 4.98 195.86 1.00 4.99 196.45</u></div>
<div><u>North Gower 1.25 4.93 193.89 1.05 5.04 198.42</u></div>
<div><u>Huron FOB 0.85 4.53 178.14 0.80 4.79 188.57</u></div>
<div><u>Kent FOB 1.05 4.73 186.02 0.85 4.84 190.54</u></div>
<div><u>Lamb FOB 1.05 4.73 186.02 0.95 4.94 194.48</u></div>
<div><u>Mdsx FOB 1.10N/A N/A N/A 4.78 187.98 1.00 4.99 196.45</u></div>
<div><u>FOB SW Que 1.37 5.05 198.61N/A</u></div>
<div><u>Track 1.25 4.93 193.89N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.24 1.29 1.10 5.09 200.38</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.39 1.23 5.22 205.50</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Sarn-Eth 1.20 1.30N/A N/A 4.88 191.92N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing N/A 1.45 1.40 1.45 1.15 5.14 202.35</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 N/A N/A 1.28 5.27 207.47</u></div>
<div><u>W O Feed 1.51 5.19 204.20</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.79 5.47 215.15</u></div>
<div><u>Toledo El. -0.26 3.41 134.32 -0.26 3.73 146.75</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.72 1/2 4.401</u></div>
<div><u>HI SD CRN 0.75 4.42 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3158 down 0.0074</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JAN19 HI 8.97 1/2 NOV19 HI 9.48</u></div>
<div><u> LOW 8.83 3/4 LOW 9.33 1/4</u></div>
<div><u> CLOSE8.88 3/4 Up 5 1/4 CLOSE 9.36 3/4 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+JAN19</u></div>
<div><u>CK Low 2.25 11.14 409.232.00 11.37 417.68</u></div>
<div><u>CK High 2.30 11.19 411.072.15 11.52 423.20</u></div>
<div><u>CK Average 2.29 -0.3911.18 410.762.09 -0.6311.46 421.11</u></div>
<div><u>Essex Cty 2.25 11.14 409.232.10 11.47 421.36</u></div>
<div><u>Mdsx Low 2.30 11.19 411.072.15 11.52 423.20</u></div>
<div><u>Mdsx High 2.34 11.23 412.542.15 11.52 423.20</u></div>
<div><u>Mdsx Average 2.32 -0.3711.21 411.812.15 -0.5911.52 423.20</u></div>
<div><u>Hensall 2.30 11.19 411.072.10 11.47 421.36</u></div>
<div><u>Bruce 2.30 11.19 411.072.10 11.47 421.36</u></div>
<div><u>Putnam 2.30 11.19 411.072.15 11.52 423.20</u></div>
<div><u>Burford 2.34 11.23 412.542.15 11.52 423.20</u></div>
<div><u>Port Perry 2.30 11.19 411.072.11 11.48 421.73</u></div>
<div><u>Norfolk 2.30 11.19 411.072.10 11.47 421.36</u></div>
<div><u>Palmerston 2.25 11.14 409.232.05 11.42 419.52</u></div>
<div><u>Varna 2.30 11.19 411.072.05 11.42 419.52</u></div>
<div><u>Trenton 2.20 11.09 407.402.05 11.42 419.52</u></div>
<div><u>Winchester 2.35 11.24 412.912.04 11.41 419.15</u></div>
<div><u>North Gower 2.60 11.49 422.092.35 11.72 430.54</u></div>
<div><u>Huron FOB 2.40 11.29 414.742.15 11.52 423.20</u></div>
<div><u>Kent FOB 2.45 11.34 416.582.10 11.47 421.36</u></div>
<div><u>Lambton FOB 2.40 11.29 414.742.20 11.57 425.03</u></div>
<div><u>Middlesex FOB2.43 2.50 2.37 2.30 11.32 415.852.31 11.68 429.07</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.75 11.64 427.60 N/A</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.80 11.69 429.442.50 11.87 436.06</u></div>
<div><u>Prescott 2.96 11.85 435.322.62 11.99 440.47</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.59 8.30 304.80-0.39 8.97 329.74</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3158 down 0.0074</u></div>
<div><u>Chicago wheat closed narrowly mixed.</u></div>
<div><u>DEC18 HI 5.09 JUL19 HI 5.35 1/4</u></div>
<div><u> LOW 5.03 LOW 5.30 1/4</u></div>
<div><u> CLOSE 5.05 1/2 Up 2 1/2 CLOSE 5.31 3/4 Up 1 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>DEC18 HI 5.79 3/4 SEP19 HI 6.04</u></div>
<div><u> LOW 5.74 1/2 LOW 5.99 1/4</u></div>
<div><u> CLOSE 5.74 3/4 Down 1 1/4 CLOSE 5.99 1/4 Down 1 3/4</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 1.14 1.33 1.14 0.63</u></div>
<div><u>CAD $/bu 6.19 6.39 6.19 6.38</u></div>
<div><u>CAD $/tonne 227.47 234.72 227.47 234.36</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 1.15 N/A N/A N/A 1.00 N/A</u></div>
<div><u>London 1.17 1.30 1.17 N/A 1.24 1.37 1.04 N/A</u></div>
<div><u>Hensall 1.15 N/A 1.15 N/A 1.20 N/A 1.00 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 1.10 1.30 1.10 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 1.24 N/A</u></div>
<div><u>Norwich 1.15 N/A 1.15 N/A 1.20 N/A 1.00 N/A</u></div>
<div><u>Port Hope N/A 1.00 1.10 N/A N/A 1.20 0.95 N/A</u></div>
<div><u>Kent Bridge 1.15 N/A 1.15 N/A 1.20 N/A 1.00 N/A</u></div>
<div><u>Chatham N/A N/A 1.15 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Brigden N/A N/A 1.15 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Palmerston N/A 1.15 0.95 0.55 N/A 1.10 1.05 N/A</u></div>
<div><u>Varna 1.30 1.40 1.10 N/A 1.05 1.30 0.95 N/A</u></div>
<div><u>Mitchell 1.15 1.20 1.15 N/A 1.20 1.30 1.00 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.35 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.20 1.00 0.50 N/A 1.26 1.21 0.40</u></div>
<div><u>W O Feed 1.86</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 1.79 N/A N/A N/A 1.79 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.01US 6.59CA 5.17US 6.78CA</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 1.20 1.26 1.20 0.49</u></div>
<div><u>CAD $/bu 6.52 6.58 6.52 6.48</u></div>
<div><u>CAD $/tonne 239.41 241.82 239.41 238.20</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 493.18</u></div>
<div><u>DDG's FOB Srn & Aylm 145.00</u></div>
<div><u><br>
</u></div>
<div>----</div>
<div>Ontario Grain Market Commentary for November 14, 2018</div>
<div>By Marty Hibbs, Grain Farmers of Ontario</div>
<div><br>
</div>
<div>
<div>Wednesday, November 14, 2018 Closing Prices </div>
<div>COMMODITY<span style="white-space:pre"> </span>PERIOD<span style="white-space:pre">
</span>PRICE<span style="white-space:pre"> </span>WEEKLY MOVEMENT</div>
<div>Corn CBOT<span style="white-space:pre"> </span>Dec<span style="white-space:pre">
</span>3.66<span style="white-space:pre"> </span> $B"-(B<span style="white-space:pre">
</span>06<span style="white-space:pre"> </span>cents</div>
<div>Soybeans CBOT<span style="white-space:pre"> </span>Jan<span style="white-space:pre">
</span>8.83<span style="white-space:pre"> </span>$B",(B<span style="white-space:pre"> </span>
03<span style="white-space:pre"> </span>cents</div>
<div>Wheat CBOT<span style="white-space:pre"> </span>Dec<span style="white-space:pre">
</span>5.04<span style="white-space:pre"> </span>$B"-(B<span style="white-space:pre"> </span>
06<span style="white-space:pre"> </span>cents</div>
<div>Wheat Minn.<span style="white-space:pre"> </span>Dec<span style="white-space:pre">
</span>5.76<span style="white-space:pre"> </span>$B"-(B<span style="white-space:pre"> </span>
05<span style="white-space:pre"> </span>cents</div>
<div>Wheat Kansas<span style="white-space:pre"> </span>Dec<span style="white-space:pre">
</span>4.81<span style="white-space:pre"> </span>$B"-(B<span style="white-space:pre"> </span>
20<span style="white-space:pre"> </span>cents</div>
<div>Chicago Oats<span style="white-space:pre"> </span>Dec<span style="white-space:pre">
</span>2.89<span style="white-space:pre"> </span> $B",(B<span style="white-space:pre">
</span>02<span style="white-space:pre"> </span>cents </div>
<div><span style="white-space:pre"></span></div>
<div>Canadian $<span style="white-space:pre"> </span>Dec<span style="white-space:pre">
</span>.7655<span style="white-space:pre"> </span>$B",(B<span style="white-space:pre">
</span>0.20<span style="white-space:pre"> </span>points</div>
<div><br>
</div>
<div>Corn: </div>
<div>As suggested in last week$B!G(Bs commentary, corn challenged our price point at the $3.80 level, and was stopped once again by the resistance line in the sand. It looks as though we are about to do more backpedaling towards the $3.50-$3.60 support level on
the December contract. A break above the tough resistance is at $3.80 is needed to further our pattern and clear the way for a shot at the $4 level on the front month futures. In the short time frame, I feel we are more likely to see $3.50 rather than $4.</div>
<div>Initial support is still seen at the $3.50-$3.60 level on December. Indicators are mixed, with daily signals being positive while the primary trend is still down. </div>
<div><br>
</div>
<div>Soybeans: </div>
<div>It was a quiet week, with the soybeans still within the confines of the $8-$9 box. The November contract goes off the board today, which allows the January contract to become the lead month futures contract. The expiry of November futures could alleviate
some downward pressure on futures prices after another attempt at the $9-resistance, as the January contract is just 20 cents from that area. </div>
<div>The key to the future price movement in the soybeans is the ability to break out of the box. Once that is completed, I feel we have a better idea of whether we are heading to $9.50 or $7.50 in the coming months. Until such time, we have no indication on
the forward pricing of the spring markets. </div>
<div>Short term indicators are positive, while the primary trend remains down. The $8-$9 box remains intact and if we were to break to the upside, there is tough resistance around the $9.50 level as well. </div>
<div><br>
</div>
<div>Wheat: </div>
<div><span style="font-size: 10pt;">Wheat rallied to the $5.21 level last week, hitting our predicted resistance in the $5.25 area on the December contract. We quickly backed off, and we are now once again probing the $5 support level. We still like the $4.85-$5
support, and we still need a close above the $5.25 on December to continue our move towards the next resistance level at $5.50. </span><br>
</div>
<div><span style="font-size: 10pt;">Indicators are still positive, and the primary trend is neutral to bullish. </span><br>
</div>
<div><br>
</div>
<div>Harvest 2018 Grain prices as of the close, November 14, 2018 are as follows:</div>
<div>SWW @ $227.61/MT ($6.19/bu), HRW @ $234.90/MT ($6.39/bu), </div>
<div> HRS @ $236.60/MT ($6.44/bu), SRW @ $227.61/MT ($6.19/bu). </div>
<div><br>
</div>
<div>---</div>
<div><br>
</div>
<div><span style="font-size:10.0pt;line-height:115%;
font-family:"Courier New";mso-fareast-font-family:Calibri;mso-fareast-theme-font:
minor-latin;color:#333333;background:#FDFDFD;mso-ansi-language:EN-US;
mso-fareast-language:EN-US;mso-bidi-language:AR-SA">Blair
Andrews</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";mso-fareast-font-family:
Calibri;mso-fareast-theme-font:minor-latin;color:#333333;mso-ansi-language:
EN-US;mso-fareast-language:EN-US;mso-bidi-language:AR-SA"><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><span style="font-size:11.0pt;line-height:115%;font-family:"Calibri","sans-serif";
mso-ascii-theme-font:minor-latin;mso-fareast-font-family:Calibri;mso-fareast-theme-font:
minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:"Times New Roman";
mso-bidi-theme-font:minor-bidi;mso-ansi-language:EN-US;mso-fareast-language:
EN-US;mso-bidi-language:AR-SA"><a href="callto:519-674-1500" id="LPlnk864551" class="OWAAutoLink" previewremoved="true"><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><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;
font-family:"Courier New";mso-fareast-font-family:Calibri;mso-fareast-theme-font:
minor-latin;color:#333333;background:#FDFDFD;mso-ansi-language:EN-US;
mso-fareast-language:EN-US;mso-bidi-language:AR-SA"> </span></span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";mso-fareast-font-family:
Calibri;mso-fareast-theme-font:minor-latin;color:#333333;background:#FDFDFD;
mso-ansi-language:EN-US;mso-fareast-language:EN-US;mso-bidi-language:AR-SA">x
63577<span class="apple-converted-space"> </span></span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";mso-fareast-font-family:
Calibri;mso-fareast-theme-font:minor-latin;color:#333333;mso-ansi-language:
EN-US;mso-fareast-language:EN-US;mso-bidi-language:AR-SA"><br>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><span style="font-size:11.0pt;line-height:115%;font-family:"Calibri","sans-serif";
mso-ascii-theme-font:minor-latin;mso-fareast-font-family:Calibri;mso-fareast-theme-font:
minor-latin;mso-hansi-theme-font:minor-latin;mso-bidi-font-family:"Times New Roman";
mso-bidi-theme-font:minor-bidi;mso-ansi-language:EN-US;mso-fareast-language:
EN-US;mso-bidi-language:AR-SA"><a href="callto:519-674-1530" id="LPlnk172649" class="OWAAutoLink" previewremoved="true"><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><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;
font-family:"Courier New";mso-fareast-font-family:Calibri;mso-fareast-theme-font:
minor-latin;color:#333333;background:#FDFDFD;mso-ansi-language:EN-US;
mso-fareast-language:EN-US;mso-bidi-language:AR-SA"> </span></span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";mso-fareast-font-family:
Calibri;mso-fareast-theme-font:minor-latin;color:#333333;mso-ansi-language:
EN-US;mso-fareast-language:EN-US;mso-bidi-language:AR-SA"><br>
<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";mso-fareast-font-family:
Calibri;mso-fareast-theme-font:minor-latin;color:#336699;mso-ansi-language:
EN-US;mso-fareast-language:EN-US;mso-bidi-language:AR-SA">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;
font-family:"Courier New";mso-fareast-font-family:Calibri;mso-fareast-theme-font:
minor-latin;color:#333333;background:#FDFDFD;mso-ansi-language:EN-US;
mso-fareast-language:EN-US;mso-bidi-language:AR-SA"> </span></span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";mso-fareast-font-family:
Calibri;mso-fareast-theme-font:minor-latin;color:#333333;background:#FDFDFD;
mso-ansi-language:EN-US;mso-fareast-language:EN-US;mso-bidi-language:AR-SA"> to
unsubscribe from this report.</span><span style="font-size:10.0pt;line-height:
115%;font-family:"Courier New";mso-fareast-font-family:Calibri;mso-fareast-theme-font:
minor-latin;color:#333333;mso-ansi-language:EN-US;mso-fareast-language:EN-US;
mso-bidi-language:AR-SA"><br>
<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario</span></span><br>
</div>
<div><br>
</div>
<br>
</div>
<p></p>
</div>
</body>
</html>