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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, October 17<br>
</u></span></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div><u>(All Bases in CAD)<br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3128 down 0.0059<br>
</u></div>
<div><u>Chicago corn closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> DEC19 HI 3.97 1/4 DEC20 HI 4.11 1/4<br>
</u></div>
<div><u> LOW 3.91 1/2 LOW 4.08 1/4<br>
</u></div>
<div><u> CLOSE3.94 3/4 Up 3 CLOSE 4.10 3/4 Up 2 1/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS<br>
</u></div>
<div><u>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt<br>
</u></div>
<div><u>ELEVATORS +DEC19+MAR20+MAR20<br>
</u></div>
<div><u>CK Low 1.25 5.20 204.62 0.90 5.01 197.14<br>
</u></div>
<div><u>CK High 1.25 5.20 204.62 0.90 5.01 197.14<br>
</u></div>
<div><u>CK Avg 1.25 0.01 5.20 204.62 0.90 -0.29 5.01 197.14<br>
</u></div>
<div><u>Essex Cty 1.25 5.20 204.62 0.90 5.01 197.14<br>
</u></div>
<div><u>Mdsx Low 1.25 5.20 204.62 0.90 5.01 197.14<br>
</u></div>
<div><u>Mdsx High 1.25 5.20 204.62 0.90 5.01 197.14<br>
</u></div>
<div><u>Mdsx Avg 1.25 0.01 5.20 204.62 0.90 -0.29 5.01 197.14<br>
</u></div>
<div><u>Hensall 1.28 5.22 205.60 0.90 5.01 197.14<br>
</u></div>
<div><u>Bruce 1.25 5.20 204.62 0.90 5.01 197.14<br>
</u></div>
<div><u>Putnam 1.25 5.20 204.62 0.90 5.01 197.14<br>
</u></div>
<div><u>Burford 1.25 5.20 204.62 0.90 5.01 197.14<br>
</u></div>
<div><u>Port Perry 1.35 5.30 208.55 0.90 5.01 197.14<br>
</u></div>
<div><u>Norfolk 1.25 5.20 204.62 0.90 5.01 197.14<br>
</u></div>
<div><u>Palmerston 1.18 5.13 201.86 0.85 4.96 195.17<br>
</u></div>
<div><u>Varna 1.25 5.20 204.62 0.85 4.96 195.17<br>
</u></div>
<div><u>Trenton 1.30 5.25 206.58 0.85 4.96 195.17<br>
</u></div>
<div><u>Winchester 1.40 5.35 210.52 1.10 5.21 205.01<br>
</u></div>
<div><u>North Gower 1.40 5.35 210.52 1.10 5.21 205.01<br>
</u></div>
<div><u>Huron FOB 1.35 5.30 208.55 0.90 5.01 197.14<br>
</u></div>
<div><u>Kent FOB 1.30 5.25 206.58 0.95 5.06 199.10<br>
</u></div>
<div><u>Lamb FOB 1.35 5.30 208.55 1.05 5.16 203.04<br>
</u></div>
<div><u>Mdsx FOB 1.25 1.25 1.40 1.45 5.20 204.62 1.00 5.11 201.07<br>
</u></div>
<div><u>FOB SW Que 2.42 6.37 250.68N/A<br>
</u></div>
<div><u>Track 1.93 5.87 231.19N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.20 5.31 208.95<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.39 5.50 216.43<br>
</u></div>
<div><u>Aylmer-Eth N/A N/A 1.50 1.55 1.20 5.31 208.95<br>
</u></div>
<div><u>Sarn-Eth 1.40 1.40N/A N/A 5.35 210.52N/A<br>
</u></div>
<div><u>London-Ing N/A N/A 1.70 1.70 1.25 5.36 210.92<br>
</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A*<br>
</u></div>
<div><u>Cardnl-Ing 1.95N/A 1.70N/A 5.90 232.17 1.30 5.41 212.88<br>
</u></div>
<div><u>W O Feed 2.44 6.39 251.54<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.22 6.17 242.80<br>
</u></div>
<div><u>Toledo El. 0.33 4.28 168.33 -0.26 3.84 151.37<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.50 5.45 214.46N/A<br>
</u></div>
<div><u>Prescott 1.60 5.55 218.40N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.25 5.19 3/4<br>
</u></div>
<div><u>HI SD CRN 1.25 5.19 3/4<br>
</u></div>
<div><u>*Wet Bid<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3128 down 0.0059<br>
</u></div>
<div><u>Chicago soybeans closed narrowly mixed.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> NOV19 HI 9.40 3/4 NOV20 HI 9.76 1/4<br>
</u></div>
<div><u> LOW 9.27 1/4 LOW 9.69 1/4<br>
</u></div>
<div><u> CLOSE9.31 1/2 Up 3 1/2 CLOSE 9.70 1/2 Up 1/2<br>
</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP NEW CROP<br>
</u></div>
<div><u>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt<br>
</u></div>
<div><u>ELEVATORS +NOV1+JAN2+JAN20<br>
</u></div>
<div><u>CK Low 2.13 11.45 420.532.02 11.73 430.82<br>
</u></div>
<div><u>CK High 2.20 11.52 423.102.10 11.81 433.76<br>
</u></div>
<div><u>CK Average 2.16 -0.5811.47 421.452.08 -0.7311.78 432.96<br>
</u></div>
<div><u>Essex Cty 2.15 11.47 421.272.10 11.81 433.76<br>
</u></div>
<div><u>Mdsx Low 2.11 11.43 419.802.00 11.71 430.09<br>
</u></div>
<div><u>Mdsx High 2.15 11.47 421.272.10 11.81 433.76<br>
</u></div>
<div><u>Mdsx Average 2.13 -0.6011.45 420.532.05 -0.7511.76 431.92<br>
</u></div>
<div><u>Hensall 2.15 11.47 421.272.10 11.81 433.76<br>
</u></div>
<div><u>Bruce 2.15 11.47 421.272.10 11.81 433.76<br>
</u></div>
<div><u>Putnam 2.15 11.47 421.272.10 11.81 433.76<br>
</u></div>
<div><u>Burford 2.18 11.50 422.372.07 11.78 432.66<br>
</u></div>
<div><u>Port Perry 2.13 11.45 420.532.02 11.73 430.82<br>
</u></div>
<div><u>Norfolk 2.15 11.47 421.272.10 11.81 433.76<br>
</u></div>
<div><u>Palmerston 2.10 11.42 419.432.12 11.83 434.49<br>
</u></div>
<div><u>Varna 2.15 11.47 421.272.10 11.81 433.76<br>
</u></div>
<div><u>Trenton 2.20 11.52 423.102.10 11.81 433.76<br>
</u></div>
<div><u>Winchester 2.25 11.57 424.942.20 11.91 437.43<br>
</u></div>
<div><u>North Gower 2.28 11.60 426.042.20 11.91 437.43<br>
</u></div>
<div><u>Huron FOB 2.20 11.52 423.102.20 11.91 437.43<br>
</u></div>
<div><u>Kent FOB 2.15 11.47 421.272.10 11.81 433.76<br>
</u></div>
<div><u>Lambton FOB 2.30 11.62 426.782.20 11.91 437.43<br>
</u></div>
<div><u>Middlesex FOB2.29 2.29 N/A N/A 11.61 426.412.09 11.80 433.39<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 2.49 11.81 433.762.49 12.20 448.09<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.60 11.92 437.802.55 12.26 450.29<br>
</u></div>
<div><u>Prescott 2.51 11.83 434.49 N/A<br>
</u></div>
<div><u>Port Colborne2.62 11.94 438.54 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.33 8.99 330.21-0.46 9.25 339.72<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3128 down 0.0059<br>
</u></div>
<div><u>Chicago wheat closed moderately higher to higher.<br>
</u></div>
<div><u>DEC19 HI 5.27 JUL20 HI 5.37 1/2<br>
</u></div>
<div><u> LOW 5.12 3/4 LOW 5.25<br>
</u></div>
<div><u> CLOSE 5.25 1/2 Up 12 1/4 CLOSE 5.36 Up 9 3/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.<br>
</u></div>
<div><u>DEC19 HI 5.58 SEP20 HI 5.92<br>
</u></div>
<div><u> LOW 5.48 1/2 LOW 5.83<br>
</u></div>
<div><u> CLOSE 5.52 Up 1 1/2 CLOSE 5.86 Down 1/2<br>
</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash Wheat Prices - DEL Terminal<br>
</u></div>
<div><u>Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</u></div>
<div><u>Basis 2.10 2.30 1.97 1.33<br>
</u></div>
<div><u>CAD $/bu 7.36 7.55 7.23 6.85<br>
</u></div>
<div><u>CAD $/tonne 270.36 277.60 265.54 251.79<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2019 Harvest 2020<br>
</u></div>
<div><u> DELIVERED BASIS DELIVERED BASIS<br>
</u></div>
<div><u>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)<br>
</u></div>
<div><u>ELEVATORS<br>
</u></div>
<div><u>Brgssvll N/A N/A 1.65 N/A N/A N/A 1.20 N/A<br>
</u></div>
<div><u>London 1.76 2.02 1.63 N/A 1.34 1.54 1.21 N/A<br>
</u></div>
<div><u>Hensall 1.75 N/A 1.65 N/A 1.40 N/A 1.20 N/A<br>
</u></div>
<div><u>Trenton N/A N/A 1.65 N/A N/A N/A 1.30 N/A<br>
</u></div>
<div><u>Bruce 1.75 2.00 1.60 1.50 1.40 1.60 1.20 1.05<br>
</u></div>
<div><u>Essex N/A N/A 1.60 N/A N/A N/A 1.20 N/A<br>
</u></div>
<div><u>Norwich 1.75 N/A 1.65 N/A 1.40 N/A 1.20 N/A<br>
</u></div>
<div><u>Port Hope N/A N/A 1.65 N/A N/A N/A 1.30 N/A<br>
</u></div>
<div><u>Kent Bridge 1.75 N/A 1.65 N/A 1.40 N/A 1.20 N/A<br>
</u></div>
<div><u>Chatham N/A N/A 1.60 N/A N/A N/A 1.20 N/A<br>
</u></div>
<div><u>Brigden N/A N/A 1.60 N/A N/A N/A 1.20 N/A<br>
</u></div>
<div><u>Palmerston N/A N/A 1.64 1.36 N/A N/A 1.28 1.02<br>
</u></div>
<div><u>Varna 1.75 2.05 1.65 N/A 1.40 1.60 1.20 N/A<br>
</u></div>
<div><u>Mitchell 1.75 1.95 1.65 N/A 1.40 1.60 1.20 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 1.45 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 1.90 1.68 1.05 N/A 1.81 1.54 1.00<br>
</u></div>
<div><u>W O Feed 2.26<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor 2.10 2.37 2.04 N/A N/A N/A N/A N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.23 N/A N/A N/A 1.68 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.44US 7.13CA 5.36US 7.04CA<br>
</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal<br>
</u></div>
<div><u>Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</u></div>
<div><u>Basis 1.61 1.87 1.54 1.04<br>
</u></div>
<div><u>CAD $/bu 6.97 7.23 6.90 6.90<br>
</u></div>
<div><u>CAD $/tonne 256.08 265.73 253.67 253.67<br>
</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures<br>
</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange<br>
</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS<br>
</u></div>
<div><u>FOB Hm Soymeal 520.08<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 225.00<br>
</u></div>
<u><span></span><br>
</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<u><span><br>
</span>
<div><br>
</div>
<div>Wednesday, October 16, 2019<br>
</div>
<div>COMMODITY PERIOD PRICE WEEKLY MOVEMENT<br>
</div>
<div>Corn CBOT Dec 3. 93¨ú ¡é ¨ö cent<br>
</div>
<div>Soybeans CBOT Nov 9.39¨ö ¡è 15¨ú cents<br>
</div>
<div>Wheat CBOT Dec 5.07¨ú ¡è 7¨ö cents<br>
</div>
<div>Wheat Minn. Dec 5.47¨ù ¡è 5 cents<br>
</div>
<div>Wheat Kansas Dec 4.22¨ú ¡è 9¨ù cents<br>
</div>
<div>Oats CBOT Dec 2.95¨ö ¡è 11 cents <br>
</div>
<div> <br>
</div>
<div>Canadian $ Dec 0.75055 ¡è 76 points<br>
</div>
<div><br>
</div>
<div>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Blair Andrews</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">University of Guelph, Ridgetown Campus</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New""><o:p> </o:p></span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
</span></span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
<br>
<span style="background:#FDFDFD">Click on this link:<span><span style="color:#333333"> </span></span></span><span><span style="color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span><span style="color:#333333;background:#FDFDFD"> </span></span><span style="background:#FDFDFD"> to
unsubscribe from this report.</span><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></p>
<br>
</div>
<div>CORN: <br>
</div>
<div>The US Corn harvest continues and currently sits at 22% complete, up from 15% last week, but still below the five-year average of 36 percent.<br>
</div>
<div>Brazilian corn harvest was a record 100 million tonnes in the 2018-2019 crop year. As a result, their exports have increased as well, and has been forecast to export 38 million tonnes.<br>
</div>
<div>In the October WASDE report, the USDA estimates the corn crop to be 13.8 billion bushels, based on their harvested acreage of 81.8 million and an average yield of 168.4 bushels per acre. The expected carryout is estimated at 1.93 billion bushels.<br>
</div>
<div>SOYBEANS: <br>
</div>
<div>NOPA crush for September was 152.6 million bushels; trade estimates were 115.7 - 166.9 million bushels. August crush figures were 168.1 million bushels. While September tends to have slowdowns, this number was larger than expected.<br>
</div>
<div>The USDA estimates soybean production at 3.55 billion bushels, based on harvested acres of 75.6 million and an average yield of 46.9 bushels per acre. New crop ending stocks were estimated at 460 million bushels, down from last month¡¯s estimate, due in
part, to lower old crop soybean stocks.<br>
</div>
<div><br>
</div>
<div><br>
</div>
<div><br>
</div>
<div>WHEAT:<br>
</div>
<div>The USDA report showed all wheat production at 1.96 billion bushels, down 19 million bushels from last month. Demand estimates were also lowered such that ending stocks climbed 29 million bushels to 1.043 billion bushels.<br>
</div>
<div>Winter Wheat planting in the US has continued with 52% of the total expected crop planted. This compares well to the five-year average of 53 percent. At this point, just over a quarter of the planted crop has emerged.
<br>
</div>
<div><br>
</div>
<div>2019 cash prices for October 16, 2019, at the market close, are as follows:<br>
</div>
<div><br>
</div>
<div>SWW at $265.72 /mt ($7.23/bu), HRW at $273.10/mt ($7.43/bu), <br>
</div>
<div>HRS at $252.98/mt ($6.89/bu), and SRW at $260.97/mt ($7.10/bu).<br>
</div>
<div><br>
</div>
<div>We currently offer 2020 and 2021 harvest prices as well, please call <br>
</div>
<div>1-800-265-0550 for more information.<br>
</div>
<div><br>
</div>
<div><br>
</div>
<div>Todd Austin, Grain Farmers of Ontario <br>
</div>
<div><br>
</div>
<span></span><br>
</u></div>
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