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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, October 25<br>
</u></span>
<div><u>(All Bases in CAD)<br>
</u></div>
<div><u>Exchange rate was 1.306 down 0.0008<br>
</u></div>
<div><u>Chicago corn closed slightly lower to steady.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> DEC19 HI 3.90 DEC20 HI 4.09 1/2<br>
</u></div>
<div><u> LOW 3.85 3/4 LOW 4.07 1/4<br>
</u></div>
<div><u> CLOSE3.86 3/4 Unchanged CLOSE 4.07 3/4 Down 1/2<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 1.20 5.07 199.50 0.90 4.98 195.96<br>
</u></div>
<div><u>CK High 1.25 5.12 201.47 0.90 4.98 195.96<br>
</u></div>
<div><u>CK Avg 1.23 0.04 5.10 200.81 0.90 -0.27 4.98 195.96<br>
</u></div>
<div><u>Essex Cty 1.25 5.12 201.47 0.90 4.98 195.96<br>
</u></div>
<div><u>Mdsx Low 1.20 5.07 199.50 0.90 4.98 195.96<br>
</u></div>
<div><u>Mdsx High 1.25 5.12 201.47 0.90 4.98 195.96<br>
</u></div>
<div><u>Mdsx Avg 1.23 0.03 5.09 200.48 0.90 -0.27 4.98 195.96<br>
</u></div>
<div><u>Hensall 1.25 5.12 201.47 0.90 4.98 195.96<br>
</u></div>
<div><u>Bruce 1.25 5.12 201.47 0.90 4.98 195.96<br>
</u></div>
<div><u>Putnam 1.20 5.07 199.50 0.90 4.98 195.96<br>
</u></div>
<div><u>Burford 1.25 5.12 201.47 0.90 4.98 195.96<br>
</u></div>
<div><u>Port Perry 1.35 5.22 205.40 0.90 4.98 195.96<br>
</u></div>
<div><u>Norfolk 1.25 5.12 201.47 0.90 4.98 195.96<br>
</u></div>
<div><u>Palmerston 1.18 5.05 198.71 0.86 4.94 194.38<br>
</u></div>
<div><u>Varna 1.25 5.12 201.47 0.85 4.93 193.99<br>
</u></div>
<div><u>Trenton 1.30 5.17 203.44 0.90 4.98 195.96<br>
</u></div>
<div><u>Winchester 1.45 5.32 209.34 1.10 5.18 203.83<br>
</u></div>
<div><u>North Gower 1.35 5.22 205.40 1.05 5.13 201.86<br>
</u></div>
<div><u>Huron FOB 1.35 5.22 205.40 0.95 5.03 197.92<br>
</u></div>
<div><u>Kent FOB 1.30 5.17 203.44 0.95 5.03 197.92<br>
</u></div>
<div><u>Lamb FOB 1.35 5.22 205.40 1.05 5.13 201.86<br>
</u></div>
<div><u>Mdsx FOB 1.25 1.30 1.40 1.45 5.12 201.47 1.00 5.08 199.89<br>
</u></div>
<div><u>FOB SW Que 2.60 6.47 254.61N/A<br>
</u></div>
<div><u>Track 1.53 5.39 212.29N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.40 5.48 215.64<br>
</u></div>
<div><u>Aylmer-Eth N/A N/A 1.45 1.50 1.15 5.23 205.80<br>
</u></div>
<div><u>Sarn-Eth 1.40 1.40N/A N/A 5.27 207.37N/A<br>
</u></div>
<div><u>London-Ing N/A N/A N/A N/A N/A<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 N/A N/A 5.82 229.02N/A<br>
</u></div>
<div><u>W O Feed 2.37 6.24 245.66<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep N/A<br>
</u></div>
<div><u>Toledo El. 0.39 4.26 167.68 -0.26 3.82 150.24<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.50 5.37 211.31N/A<br>
</u></div>
<div><u>Prescott 1.55 5.42 213.28N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.22 1/2 5.09 1/4<br>
</u></div>
<div><u>HI SD CRN 1.25 5.11 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 1.306 down 0.0008<br>
</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> NOV19 HI 9.37 1/4 NOV20 HI 9.78 1/2<br>
</u></div>
<div><u> LOW 9.19 1/2 LOW 9.66 1/2<br>
</u></div>
<div><u> CLOSE9.20 1/4 Down 13 CLOSE 9.67 3/4 Down 6 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 2.08 11.28 414.562.01 11.69 429.44<br>
</u></div>
<div><u>CK High 2.10 11.30 415.302.10 11.78 432.75<br>
</u></div>
<div><u>CK Average 2.10 -0.5511.30 415.172.05 -0.6911.73 430.97<br>
</u></div>
<div><u>Essex Cty 2.10 11.30 415.302.05 11.73 430.91<br>
</u></div>
<div><u>Mdsx Low 2.06 11.26 413.831.99 11.67 428.71<br>
</u></div>
<div><u>Mdsx High 2.10 11.30 415.302.05 11.73 430.91<br>
</u></div>
<div><u>Mdsx Average 2.08 -0.5611.28 414.562.02 -0.7211.70 429.81<br>
</u></div>
<div><u>Hensall 2.10 11.30 415.302.05 11.73 430.91<br>
</u></div>
<div><u>Bruce 2.10 11.30 415.302.05 11.73 430.91<br>
</u></div>
<div><u>Putnam 2.10 11.30 415.302.05 11.73 430.91<br>
</u></div>
<div><u>Burford 2.13 11.33 416.402.06 11.74 431.28<br>
</u></div>
<div><u>Port Perry 2.08 11.28 414.562.01 11.69 429.44<br>
</u></div>
<div><u>Norfolk 2.10 11.30 415.302.05 11.73 430.91<br>
</u></div>
<div><u>Palmerston 2.07 11.27 414.192.06 11.74 431.28<br>
</u></div>
<div><u>Varna 2.10 11.30 415.302.05 11.73 430.91<br>
</u></div>
<div><u>Trenton 2.10 11.30 415.302.05 11.73 430.91<br>
</u></div>
<div><u>Winchester 2.15 11.35 417.132.10 11.78 432.75<br>
</u></div>
<div><u>North Gower 2.17 11.37 417.872.09 11.77 432.38<br>
</u></div>
<div><u>Huron FOB 2.20 11.40 418.972.15 11.83 434.59<br>
</u></div>
<div><u>Kent FOB 2.10 11.30 415.302.05 11.73 430.91<br>
</u></div>
<div><u>Lambton FOB 2.20 11.40 418.972.10 11.78 432.75<br>
</u></div>
<div><u>Middlesex FOB2.17 2.17 N/A N/A 11.37 417.872.02 11.70 429.81<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 2.36 11.56 424.852.37 12.05 442.67<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.55 11.75 431.832.50 12.18 447.45<br>
</u></div>
<div><u>Prescott 2.35 11.55 424.48 N/A<br>
</u></div>
<div><u>Port Colborne2.61 11.81 434.04 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.16 9.05 332.38-0.46 9.22 338.80<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.306 down 0.0008<br>
</u></div>
<div><u>Chicago wheat closed slightly higher.<br>
</u></div>
<div><u>DEC19 HI 5.22 JUL20 HI 5.35 1/4<br>
</u></div>
<div><u> LOW 5.14 1/2 LOW 5.28 3/4<br>
</u></div>
<div><u> CLOSE 5.17 3/4 Up 1 3/4 CLOSE 5.32 1/2 Up 2 1/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.<br>
</u></div>
<div><u>DEC19 HI 5.42 1/4 SEP20 HI 5.74 3/4<br>
</u></div>
<div><u> LOW 5.35 3/4 LOW 5.73<br>
</u></div>
<div><u> CLOSE 5.36 3/4 Down 3 1/4 CLOSE 5.74 Down 3 1/4<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 2.04 2.24 1.91 1.25<br>
</u></div>
<div><u>CAD $/bu 7.22 7.41 7.09 6.62<br>
</u></div>
<div><u>CAD $/tonne 265.25 272.45 260.45 243.17<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 1.15 N/A<br>
</u></div>
<div><u>London 1.71 1.98 1.58 N/A 1.30 1.56 1.17 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 N/A N/A N/A N/A 1.25 N/A<br>
</u></div>
<div><u>Bruce 1.75 2.00 1.60 1.50 1.40 1.60 1.10 1.05<br>
</u></div>
<div><u>Essex N/A N/A 1.60 N/A N/A N/A 1.15 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 1.15 N/A<br>
</u></div>
<div><u>Brigden N/A N/A 1.60 N/A N/A N/A 1.15 N/A<br>
</u></div>
<div><u>Palmerston N/A N/A 1.58 1.25 N/A N/A 1.20 0.91<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 1.75 1.55 0.95 N/A 1.77 1.47 0.90<br>
</u></div>
<div><u>W O Feed 2.23<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor 2.05 2.32 1.99 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 2.11 N/A N/A N/A 1.63 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.36US 7.00CA 5.33US 6.95CA<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 1.56 1.82 1.50 0.97<br>
</u></div>
<div><u>CAD $/bu 6.89 7.15 6.82 6.71<br>
</u></div>
<div><u>CAD $/tonne 253.06 262.65 250.66 246.58<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 466.62<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 215.00 - 225.00<br>
</u></div>
<u><span></span><br>
</u></div>
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<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size: 10pt; 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>
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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<span style="font-size: 10pt; font-family: "Courier New";">Fax. 519-674-1530<br>
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