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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, November 23</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3214 up 0.0020</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> DEC18 HI 3.61 3/4 DEC19 HI 3.96 3/4</u></div>
<div><u> LOW 3.58 3/4 LOW 3.95</u></div>
<div><u> CLOSE3.59 Down 2 3/4 CLOSE 3.95 1/4 Down 1 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 +MAR19+MAR19+MAR19</u></div>
<div><u>CK Low 0.75 4.34 170.86 0.75 4.70 185.13</u></div>
<div><u>CK High 0.80 4.39 172.83 0.80 4.75 187.10</u></div>
<div><u>CK Avg 0.79 -0.28 4.38 172.43 0.79 -0.34 4.74 186.70</u></div>
<div><u>Essex Cty 0.80 4.39 172.83 0.80 4.75 187.10</u></div>
<div><u>Mdsx Low 0.75 4.34 170.86 0.75 4.70 185.13</u></div>
<div><u>Mdsx High 0.80 4.39 172.83 0.85 4.80 189.07</u></div>
<div><u>Mdsx Avg 0.78 -0.29 4.37 171.84 0.80 -0.34 4.75 187.10</u></div>
<div><u>Hensall 0.80 4.39 172.83 0.80 4.75 187.10</u></div>
<div><u>Bruce 0.70 4.29 168.89 0.80 4.75 187.10</u></div>
<div><u>Putnam 0.80 4.39 172.83 0.80 4.75 187.10</u></div>
<div><u>Burford 0.65 4.24 166.92 0.75 4.70 185.13</u></div>
<div><u>Port Perry 0.85 4.44 174.80 0.85 4.80 189.07</u></div>
<div><u>Norfolk 0.80 4.39 172.83 0.80 4.75 187.10</u></div>
<div><u>Palmerston 0.85 4.44 174.80 0.80 4.75 187.10</u></div>
<div><u>Varna 0.80 4.39 172.83 0.80 4.75 187.10</u></div>
<div><u>Trenton 0.90 4.49 176.76 0.85 4.80 189.07</u></div>
<div><u>Winchester 1.35 4.94 194.48 1.15 5.10 200.88</u></div>
<div><u>North Gower 1.25 4.84 190.54 1.05 5.00 196.94</u></div>
<div><u>Huron FOB 1.00 4.59 180.70 0.85 4.80 189.07</u></div>
<div><u>Kent FOB 1.15 4.74 186.61 0.90 4.85 191.03</u></div>
<div><u>Lamb FOB 1.05 4.64 182.67 0.95 4.90 193.00</u></div>
<div><u>Mdsx FOB 1.10N/A N/A N/A 4.69 184.64 1.00 4.95 194.97</u></div>
<div><u>FOB SW Que 1.55 5.14 202.35N/A</u></div>
<div><u>Track 1.35 4.94 194.48N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.45 1.50 1.14 5.09 200.48</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.47 1.27 5.22 205.60</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 4.79 188.57N/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 5.10 200.88</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 5.23 205.99</u></div>
<div><u>W O Feed 1.59 5.18 203.93</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.79 5.38 211.80</u></div>
<div><u>Toledo El. -0.17 3.42 134.57 -0.26 3.69 145.26</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.36 1/2</u></div>
<div><u>HI SD CRN 0.80 4.391</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3214 up 0.0020</u></div>
<div><u>Chicago soybeans closed slightly lower to steady.</u></div>
<div><u><br>
</u></div>
<div><u> JAN19 HI 8.84 1/2 NOV19 HI 9.31 3/4</u></div>
<div><u> LOW 8.80 LOW 9.27 1/2</u></div>
<div><u> CLOSE8.81 Down 2 CLOSE 9.30 3/4 Down 1/4</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 2.28 11.09 407.492.08 11.39 418.42</u></div>
<div><u>CK High 2.30 11.11 408.222.15 11.46 420.99</u></div>
<div><u>CK Average 2.30 -0.4011.11 408.082.12 -0.6111.42 419.74</u></div>
<div><u>Essex Cty 2.30 11.11 408.222.15 11.46 420.99</u></div>
<div><u>Mdsx Low 2.30 11.11 408.222.10 11.41 419.15</u></div>
<div><u>Mdsx High 2.32 11.13 408.962.12 11.43 419.89</u></div>
<div><u>Mdsx Average 2.31 -0.3911.12 408.592.11 -0.6211.42 419.52</u></div>
<div><u>Hensall 2.28 11.09 407.302.10 11.41 419.15</u></div>
<div><u>Bruce 2.30 11.11 408.222.10 11.41 419.15</u></div>
<div><u>Putnam 2.30 11.11 408.222.10 11.41 419.15</u></div>
<div><u>Burford 2.32 11.13 408.962.12 11.43 419.89</u></div>
<div><u>Port Perry 2.28 11.09 407.492.08 11.39 418.42</u></div>
<div><u>Norfolk 2.30 11.11 408.222.15 11.46 420.99</u></div>
<div><u>Palmerston 2.25 11.06 406.392.05 11.36 417.32</u></div>
<div><u>Varna 2.25 11.06 406.392.10 11.41 419.15</u></div>
<div><u>Trenton 2.30 11.11 408.222.10 11.41 419.15</u></div>
<div><u>Winchester 2.30 11.11 408.222.13 11.44 420.26</u></div>
<div><u>North Gower 2.60 11.41 419.252.35 11.66 428.34</u></div>
<div><u>Huron FOB 2.35 11.16 410.062.20 11.51 422.83</u></div>
<div><u>Kent FOB 2.50 11.31 415.572.15 11.46 420.99</u></div>
<div><u>Lambton FOB 2.40 11.21 411.902.20 11.51 422.83</u></div>
<div><u>Middlesex FOB2.50 2.50 2.31 2.25 11.31 415.572.31 11.62 426.87</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.77 11.58 425.492.60 11.91 437.53</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.85 11.66 428.432.55 11.86 435.69</u></div>
<div><u>Prescott 2.96 11.77 432.472.62 11.93 438.26</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.59 8.22 301.86-0.39 8.91 327.51</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3214 up 0.0020</u></div>
<div><u>Chicago wheat closed narrowly mixed.</u></div>
<div><u>DEC18 HI 5.07 1/2 JUL19 HI 5.29</u></div>
<div><u> LOW 4.99 LOW 5.19 1/4</u></div>
<div><u> CLOSE 4.99 3/4 Up 1 CLOSE 5.20 1/4 Down 1 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>DEC18 HI 5.78 3/4 SEP19 HI 5.96 1/4</u></div>
<div><u> LOW 5.70 LOW 5.92</u></div>
<div><u> CLOSE 5.74 1/4 Up 2 1/4 CLOSE 5.92 3/4 Down 2 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 1.34 1.14 0.66</u></div>
<div><u>CAD $/bu 6.14 6.34 6.14 6.40</u></div>
<div><u>CAD $/tonne 225.64 232.93 225.64 235.11</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 1.17 1.30 1.17 N/A 1.22 1.35 1.02 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 0.29 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 1.80 N/A N/A N/A 1.76 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.95US 6.54CA 5.05US 6.64CA</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 1.17 1.24 1.17 0.48</u></div>
<div><u>CAD $/bu 6.38 6.44 6.38 6.41</u></div>
<div><u>CAD $/tonne 234.28 236.69 234.28 235.49</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 493.62</u></div>
<div><u>DDG's FOB Srn & Aylm 135.00</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="" id="LPlnk272053" 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="LPlnk539046" 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;
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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