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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, November 21</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3247 down 0.0053</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> DEC18 HI 3.63 1/4 DEC19 HI 3.97 3/4</u></div>
<div><u> LOW 3.60 LOW 3.95</u></div>
<div><u> CLOSE3.61 3/4 Up 1/2 CLOSE 3.96 1/2 Up 3/4</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 +MAR19+MAR19+MAR19</u></div>
<div><u>CK Low 0.75 4.37 171.94 0.75 4.72 185.62</u></div>
<div><u>CK High 0.80 4.42 173.91 0.80 4.77 187.59</u></div>
<div><u>CK Avg 0.76 -0.31 4.38 172.33 0.79 -0.36 4.76 187.20</u></div>
<div><u>Essex Cty 0.80 4.42 173.91 0.80 4.77 187.59</u></div>
<div><u>Mdsx Low 0.70 4.32 169.97 0.75 4.72 185.62</u></div>
<div><u>Mdsx High 0.75 4.37 171.94 0.85 4.82 189.56</u></div>
<div><u>Mdsx Avg 0.73 -0.34 4.34 170.96 0.80 -0.36 4.77 187.59</u></div>
<div><u>Hensall 0.73 4.34 170.96 0.80 4.77 187.59</u></div>
<div><u>Bruce 0.70 4.32 169.97 0.80 4.77 187.59</u></div>
<div><u>Putnam 0.70 4.32 169.97 0.80 4.77 187.59</u></div>
<div><u>Burford 0.65 4.27 168.00 0.75 4.72 185.62</u></div>
<div><u>Port Perry 0.90 4.52 177.85 0.85 4.82 189.56</u></div>
<div><u>Norfolk 0.70 4.32 169.97 0.80 4.77 187.59</u></div>
<div><u>Palmerston 0.85 4.47 175.88 0.80 4.77 187.59</u></div>
<div><u>Varna 0.75 4.37 171.94 0.80 4.77 187.59</u></div>
<div><u>Trenton 0.90 4.52 177.85 0.85 4.82 189.56</u></div>
<div><u>Winchester 1.35 4.97 195.56 1.15 5.12 201.37</u></div>
<div><u>North Gower 1.25 4.87 191.63 1.05 5.02 197.43</u></div>
<div><u>Huron FOB 1.00 4.62 181.78 0.85 4.82 189.56</u></div>
<div><u>Kent FOB 1.15 4.77 187.69 0.90 4.87 191.53</u></div>
<div><u>Lamb FOB 1.05 4.67 183.75 0.95 4.92 193.49</u></div>
<div><u>Mdsx FOB 1.10N/A N/A N/A 4.72 185.72 1.00 4.97 195.46</u></div>
<div><u>FOB SW Que 1.36 4.98 195.96N/A</u></div>
<div><u>Track 1.35 4.97 195.56N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.45 1.50 1.14 5.11 200.97</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.47 1.27 5.24 206.09</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 4.82 189.66N/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 5.12 201.37</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 5.25 206.49</u></div>
<div><u>W O Feed 1.59 5.21 205.01</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.79 5.41 212.88</u></div>
<div><u>Toledo El. -0.17 3.45 135.64 -0.26 3.70 145.70</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.39 1/4</u></div>
<div><u>HI SD CRN 0.80 4.41 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 1.3247 down 0.0053</u></div>
<div><u>Chicago soybeans closed steady to slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN19 HI 8.89 NOV19 HI 9.36 1/2</u></div>
<div><u> LOW 8.76 LOW 9.25</u></div>
<div><u> CLOSE8.83 Up 2 CLOSE 9.31 Up 1 3/4</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 2.30 11.13 408.962.10 11.41 419.25</u></div>
<div><u>CK High 2.31 11.14 409.322.15 11.46 421.08</u></div>
<div><u>CK Average 2.30 -0.4311.13 409.032.13 -0.6511.44 420.20</u></div>
<div><u>Essex Cty 2.30 11.13 408.962.15 11.46 421.08</u></div>
<div><u>Mdsx Low 2.30 11.13 408.962.10 11.41 419.25</u></div>
<div><u>Mdsx High 2.35 11.18 410.792.17 11.48 421.82</u></div>
<div><u>Mdsx Average 2.33 -0.4111.16 409.882.14 -0.6411.45 420.53</u></div>
<div><u>Hensall 2.30 11.13 408.962.10 11.41 419.25</u></div>
<div><u>Bruce 2.30 11.13 408.962.10 11.41 419.25</u></div>
<div><u>Putnam 2.30 11.13 408.962.10 11.41 419.25</u></div>
<div><u>Burford 2.35 11.18 410.792.17 11.48 421.82</u></div>
<div><u>Port Perry 2.31 11.14 409.322.13 11.44 420.35</u></div>
<div><u>Norfolk 2.30 11.13 408.962.15 11.46 421.08</u></div>
<div><u>Palmerston 2.25 11.08 407.122.05 11.36 417.41</u></div>
<div><u>Varna 2.30 11.13 408.962.10 11.41 419.25</u></div>
<div><u>Trenton 2.30 11.13 408.962.10 11.41 419.25</u></div>
<div><u>Winchester 2.30 11.13 408.962.13 11.44 420.35</u></div>
<div><u>North Gower 2.60 11.43 419.982.35 11.66 428.43</u></div>
<div><u>Huron FOB 2.40 11.23 412.632.20 11.51 422.92</u></div>
<div><u>Kent FOB 2.50 11.33 416.312.15 11.46 421.08</u></div>
<div><u>Lambton FOB 2.40 11.23 412.632.20 11.51 422.92</u></div>
<div><u>Middlesex FOB2.53 2.53 2.34 2.28 11.36 417.412.36 11.67 428.80</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.81 11.64 427.702.63 11.94 438.72</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.85 11.68 429.172.55 11.86 435.78</u></div>
<div><u>Prescott 2.96 11.79 433.212.62 11.93 438.35</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.60 8.23 302.54-0.40 8.91 327.53</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3247 down 0.0053</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>DEC18 HI 5.04 1/4 JUL19 HI 5.26 1/2</u></div>
<div><u> LOW 4.97 3/4 LOW 5.20</u></div>
<div><u> CLOSE 4.98 3/4 Down 2 CLOSE 5.21 1/2 Down 2 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>DEC18 HI 5.73 SEP19 HI 5.97 1/4</u></div>
<div><u> LOW 5.69 LOW 5.92 1/4</u></div>
<div><u> CLOSE 5.72 Up 2 1/4 CLOSE 5.95 1/2 Up 1 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 1.16 1.35 1.16 0.66</u></div>
<div><u>CAD $/bu 6.14 6.34 6.14 6.38</u></div>
<div><u>CAD $/tonne 225.72 233.02 225.72 234.61</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 1.10 N/A</u></div>
<div><u>London 1.18 1.31 1.18 N/A 1.24 1.37 1.04 N/A</u></div>
<div><u>Hensall 1.25 N/A 1.15 N/A 1.30 N/A 1.10 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 1.15 1.30 1.10 0.80 1.05 1.30 1.00 0.75</u></div>
<div><u>Essex N/A N/A 1.15 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Norwich 1.25 N/A 1.15 N/A 1.30 N/A 1.10 N/A</u></div>
<div><u>Port Hope N/A 1.20 1.15 N/A N/A 1.20 1.10 N/A</u></div>
<div><u>Kent Bridge 1.25 N/A 1.15 N/A 1.30 N/A 1.10 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 1.35 1.45 1.15 N/A 1.10 1.35 1.00 N/A</u></div>
<div><u>Mitchell 1.25 1.20 1.15 N/A 1.30 1.30 1.10 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.31 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 1.89</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 1.82 N/A N/A N/A 1.80 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.94US 6.54CA 5.07US 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 1.21 1.27 1.21 0.52</u></div>
<div><u>CAD $/bu 6.42 6.49 6.42 6.48</u></div>
<div><u>CAD $/tonne 235.98 238.41 235.98 237.92</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 494.51</u></div>
<div><u>DDG's FOB Srn & Aylm 135.00</u></div>
<div><br>
</div>
<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" id="LPlnk503479" class="OWAAutoLink" previewremoved="true"><span style="font-size:10.0pt;line-height:115%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
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" id="LPlnk197264" class="OWAAutoLink" previewremoved="true"><span style="font-size:10.0pt;line-height:115%;
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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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