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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, October 30<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>Exchange rate was 1.3197 up 0.0111<br>
</u></div>
<div><u>Chicago corn closed slightly to moderately higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> DEC19 HI 3.91 1/4 DEC20 HI 4.07<br>
</u></div>
<div><u> LOW 3.85 1/4 LOW 4.05 1/2<br>
</u></div>
<div><u> CLOSE3.90 3/4 Up 4 1/2 CLOSE 4.06 3/4 Up 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 1.25 5.16 203.04 0.90 4.97 195.56<br>
</u></div>
<div><u>CK High 1.25 5.16 203.04 0.90 4.97 195.56<br>
</u></div>
<div><u>CK Avg 1.25 0.00 5.16 203.04 0.90 -0.30 4.97 195.56<br>
</u></div>
<div><u>Essex Cty 1.25 5.16 203.04 0.90 4.97 195.56<br>
</u></div>
<div><u>Mdsx Low 1.25 5.16 203.04 0.90 4.97 195.56<br>
</u></div>
<div><u>Mdsx High 1.25 5.16 203.04 0.90 4.97 195.56<br>
</u></div>
<div><u>Mdsx Avg 1.25 0.00 5.16 203.04 0.90 -0.30 4.97 195.56<br>
</u></div>
<div><u>Hensall 1.28 5.18 204.03 0.90 4.97 195.56<br>
</u></div>
<div><u>Bruce 1.25 5.16 203.04 0.90 4.97 195.56<br>
</u></div>
<div><u>Putnam 1.25 5.16 203.04 0.90 4.97 195.56<br>
</u></div>
<div><u>Burford 1.25 5.16 203.04 0.90 4.97 195.56<br>
</u></div>
<div><u>Port Perry 1.35 5.26 206.98 0.90 4.97 195.56<br>
</u></div>
<div><u>Norfolk 1.25 5.16 203.04 0.90 4.97 195.56<br>
</u></div>
<div><u>Palmerston 1.35 5.26 206.98 0.89 4.96 195.17<br>
</u></div>
<div><u>Varna 1.25 5.16 203.04 0.90 4.97 195.56<br>
</u></div>
<div><u>Trenton 1.30 5.21 205.01 0.90 4.97 195.56<br>
</u></div>
<div><u>Winchester 1.40 5.31 208.95 1.10 5.17 203.44<br>
</u></div>
<div><u>North Gower 1.35 5.26 206.98 1.05 5.12 201.47<br>
</u></div>
<div><u>Huron FOB 1.30 5.21 205.01 0.95 5.02 197.53<br>
</u></div>
<div><u>Kent FOB 1.28 5.19 204.22 0.95 5.02 197.53<br>
</u></div>
<div><u>Lamb FOB 1.30 5.21 205.01 1.05 5.12 201.47<br>
</u></div>
<div><u>Mdsx FOB 1.25 1.30 1.40 1.45 5.16 203.04 1.00 5.07 199.50<br>
</u></div>
<div><u>FOB SW Que 1.94 5.85 230.21N/A<br>
</u></div>
<div><u>Track 1.62 5.53 217.61N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A 1.55N/A 1.14 5.21 205.01<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.39 5.46 214.85<br>
</u></div>
<div><u>Aylmer-Eth N/A N/A N/A 1.50 1.15 5.22 205.40<br>
</u></div>
<div><u>Sarn-Eth N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>London-Ing N/A N/A 1.70 1.70 1.25 5.32 209.34<br>
</u></div>
<div><u>Pt.Colb-Ing N/A 1.60N/A N/A N/A<br>
</u></div>
<div><u>Cardnl-Ing 1.95 1.55 1.70N/A 5.86 230.60 1.30 5.37 211.31<br>
</u></div>
<div><u>W O Feed 1.84 5.75 226.27<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.17 6.08 239.26<br>
</u></div>
<div><u>Toledo El. 0.40 4.30 169.42 -0.26 3.80 149.76<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.50 5.41 212.88N/A<br>
</u></div>
<div><u>Prescott 1.55 5.46 214.85N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.25 5.15 3/4<br>
</u></div>
<div><u>HI SD CRN 1.25 5.15 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 1.3197 up 0.0111<br>
</u></div>
<div><u>Chicago soybeans closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> NOV19 HI 9.21 1/2 NOV20 HI 9.73 1/4<br>
</u></div>
<div><u> LOW 9.15 1/4 LOW 9.68<br>
</u></div>
<div><u> CLOSE9.16 Down 2 1/4 CLOSE 9.68 1/2 Down 2 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 2.05 11.21 411.902.09 11.78 432.66<br>
</u></div>
<div><u>CK High 2.10 11.26 413.732.10 11.79 433.02<br>
</u></div>
<div><u>CK Average 2.09 -0.6311.25 413.432.10 -0.7411.78 432.96<br>
</u></div>
<div><u>Essex Cty 2.10 11.26 413.732.10 11.79 433.02<br>
</u></div>
<div><u>Mdsx Low 2.03 11.19 411.162.07 11.76 431.92<br>
</u></div>
<div><u>Mdsx High 2.10 11.26 413.732.10 11.79 433.02<br>
</u></div>
<div><u>Mdsx Average 2.07 -0.6511.23 412.452.09 -0.7511.77 432.47<br>
</u></div>
<div><u>Hensall 2.08 11.24 412.822.08 11.76 432.11<br>
</u></div>
<div><u>Bruce 2.15 11.31 415.572.05 11.74 431.19<br>
</u></div>
<div><u>Putnam 2.10 11.26 413.732.10 11.79 433.02<br>
</u></div>
<div><u>Burford 2.10 11.26 413.732.14 11.83 434.49<br>
</u></div>
<div><u>Port Perry 2.05 11.21 411.902.09 11.78 432.66<br>
</u></div>
<div><u>Norfolk 2.10 11.26 413.732.10 11.79 433.02<br>
</u></div>
<div><u>Palmerston 2.17 11.33 416.312.14 11.83 434.49<br>
</u></div>
<div><u>Varna 2.15 11.31 415.572.10 11.79 433.02<br>
</u></div>
<div><u>Trenton 2.05 11.21 411.902.05 11.74 431.19<br>
</u></div>
<div><u>Winchester 2.10 11.26 413.732.05 11.74 431.19<br>
</u></div>
<div><u>North Gower 2.15 11.31 415.572.05 11.74 431.19<br>
</u></div>
<div><u>Huron FOB 2.25 11.41 419.252.20 11.89 436.70<br>
</u></div>
<div><u>Kent FOB 2.10 11.26 413.732.10 11.79 433.02<br>
</u></div>
<div><u>Lambton FOB 2.30 11.46 421.082.10 11.79 433.02<br>
</u></div>
<div><u>Middlesex FOB2.16 2.16 N/A N/A 11.32 415.942.06 11.75 431.55<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 2.46 11.62 426.962.50 12.19 447.72<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.55 11.71 430.272.55 12.24 449.56<br>
</u></div>
<div><u>Prescott 2.40 11.56 424.76 N/A<br>
</u></div>
<div><u>Port Colborne2.57 11.73 431.002.47 12.16 446.62<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.16 9.00 330.75-0.46 9.22 338.92<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3197 up 0.0111<br>
</u></div>
<div><u>Chicago wheat closed slightly lower.<br>
</u></div>
<div><u>DEC19 HI 5.14 JUL20 HI 5.28 3/4<br>
</u></div>
<div><u> LOW 5.07 LOW 5.22 1/4<br>
</u></div>
<div><u> CLOSE 5.09 1/4 Down 2 1/4 CLOSE 5.24 1/2 Down 2 3/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.<br>
</u></div>
<div><u>DEC19 HI 5.29 1/2 SEP20 HI 5.66<br>
</u></div>
<div><u> LOW 5.19 3/4 LOW 5.60<br>
</u></div>
<div><u> CLOSE 5.23 1/2 Down 2 1/4 CLOSE 5.64 1/2 Down 1 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 2.09 2.29 1.96 1.28<br>
</u></div>
<div><u>CAD $/bu 7.18 7.38 7.05 6.51<br>
</u></div>
<div><u>CAD $/tonne 263.91 271.18 259.06 239.30<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 1.69 1.95 1.63 N/A 1.28 1.54 1.15 N/A<br>
</u></div>
<div><u>Hensall 1.70 N/A 1.65 N/A 1.35 N/A 1.15 N/A<br>
</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.20 N/A<br>
</u></div>
<div><u>Bruce 1.75 2.00 1.60 1.50 1.35 1.55 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 1.70 N/A 1.65 N/A 1.35 N/A 1.15 N/A<br>
</u></div>
<div><u>Port Hope N/A N/A 1.65 N/A N/A N/A 1.25 N/A<br>
</u></div>
<div><u>Kent Bridge 1.70 N/A 1.65 N/A 1.35 N/A 1.15 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 1.61 1.52 N/A N/A 1.10 0.92<br>
</u></div>
<div><u>Varna 1.75 2.05 1.65 N/A 1.35 1.55 1.15 N/A<br>
</u></div>
<div><u>Mitchell 1.70 1.90 1.65 N/A 1.35 1.55 1.15 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 1.49 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 1.75 1.50 0.95 N/A 1.78 1.48 0.90<br>
</u></div>
<div><u>W O Feed 2.22<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor 2.03 2.29 2.03 N/A N/A N/A 1.55 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.09 N/A N/A N/A 1.67 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.27US 6.96CA 5.25US 6.91CA<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 1.60 1.86 1.53 1.00<br>
</u></div>
<div><u>CAD $/bu 6.84 7.11 6.78 6.65<br>
</u></div>
<div><u>CAD $/tonne 251.49 261.18 249.07 244.23<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 465.40<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 215.00<br>
</u></div>
<div><u><br>
</u></div>
<div>---</div>
<div>Ontario Grain Market Commentary for October 30, 2019</div>
<div>By Todd Austin, Grain Farmers of Ontario</div>
<div><br>
</div>
<div>
<div>Wednesday, October 30, 2019<br>
</div>
<div><br>
</div>
<div>COMMODITY PERIOD PRICE WEEKLY MOVEMENT<br>
</div>
<div>Corn CBOT Dec 3.90¨ú ¡è 3 cents<br>
</div>
<div>Soybeans CBOT Jan 9.30¨ö ¡é 17¨ú cents<br>
</div>
<div>Wheat CBOT Dec 5.09¨ù ¡é 11¨ö cents<br>
</div>
<div>Wheat Minn. Dec 5.23¨ö ¡é 19 cents<br>
</div>
<div>Wheat Kansas Dec 4.18¨ù ¡é 5 cents<br>
</div>
<div>Oats CBOT Dec 2.96¨ú ¡é ¨ù cents<br>
</div>
<div> <br>
</div>
<div>Canadian $ Dec 0.7584 ¡é 67 points<br>
</div>
<div><br>
</div>
<div><br>
</div>
<div>CORN: <br>
</div>
<div>The US corn harvest is 41% complete, according to the USDA in its latest weekly Crop Progress Report. This level of completion was behind market expectations and below the five-year average. Snow is forecast in parts of the US Midwest, potentially slowing
the harvest even further.<br>
</div>
<div>The Export price of US corn is closing the gap with Brazilian corn as the Brazilian Real gains value against the US dollar. This action has made gains for US corn in export markets.<br>
</div>
<div><br>
</div>
<div>SOYBEANS: <br>
</div>
<div>Chinese soymeal consumption is forecast to decline again this year. The USDA projects meal consumption at 63.1 million tonnes, down 3.7 million tonnes from last year. This decline is a direct result of the African swine fever outbreak.<br>
</div>
<div>Recent trade news between China and the US should strengthen the market; however the trade is waiting for more concrete sales and shipment details before pushing price higher on stronger demand signals.<br>
</div>
<div><br>
</div>
<div>WHEAT:<br>
</div>
<div>Weekly US exports of wheat were the lowest in 18 weeks and well off the pace needed to reach the USDA¡¯s export target for this crop year.<br>
</div>
<div>According to a Bloomberg survey, analysts are predicting another decline in US winter wheat plantings. Planted acres of wheat are forecast to be 31.118 million acres, which is down from last year, and the lowest in 110 years.<br>
</div>
<div><br>
</div>
<div><br>
</div>
<div>2019 cash prices for October 30, 2019, at the market close, are as follows:<br>
</div>
<div><br>
</div>
<div>SWW at $263.69/mt ($7.18/bu), HRW at $270.96/mt ($7.37/bu), <br>
</div>
<div>HRS at $239.10/mt ($6.51/bu), and SRW at $258.84/mt ($7.04/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>
<span></span>
<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>
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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