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<span style="background-color: rgb(253, 253, 253); color: rgb(51, 51, 51); font-family: "Courier New", monospace; font-size: 10pt;"><span style="text-decoration-line: underline;">FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, November 12<br>
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<div style="text-decoration-line: underline;">(All Bases in CAD)<br>
</div>
<div style="text-decoration-line: underline;">Exchange rate was 1.3226 up 0.0005<br>
</div>
<div style="text-decoration-line: underline;">Chicago corn closed slightly to moderately higher.<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">      DEC19   HI 3.78                         DEC20    HI 4.00<br>
</div>
<div style="text-decoration-line: underline;">             LOW 3.72  3/4                            LOW 3.97  3/4<br>
</div>
<div style="text-decoration-line: underline;">            CLOSE3.77  3/4  Up 4 1/2                CLOSE 4.00   Up 1 3/4<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">            OLD CROP BASIS                          NEW CROP BASIS<br>
</div>
<div style="text-decoration-line: underline;">Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt<br>
</div>
<div style="text-decoration-line: underline;">ELEVATORS        +MAR20+MAR20+MAR20<br>
</div>
<div style="text-decoration-line: underline;">CK Low       1.25                        5.03 197.92  0.90         4.90 192.90<br>
</div>
<div style="text-decoration-line: underline;">CK High      1.30                        5.08 199.89  0.95         4.95 194.87<br>
</div>
<div style="text-decoration-line: underline;">CK Avg       1.29                   0.06 5.07 199.56  0.91 -0.29   4.91 193.23<br>
</div>
<div style="text-decoration-line: underline;">Essex Cty    1.30                        5.08 199.89  0.90         4.90 192.90<br>
</div>
<div style="text-decoration-line: underline;">Mdsx Low     1.30                        5.08 199.89  0.90         4.90 192.90<br>
</div>
<div style="text-decoration-line: underline;">Mdsx High    1.30                        5.08 199.89  0.90         4.90 192.90<br>
</div>
<div style="text-decoration-line: underline;">Mdsx Avg     1.30                   0.06 5.08 199.89  0.90 -0.30   4.90 192.90<br>
</div>
<div style="text-decoration-line: underline;">Hensall      1.33                        5.10 200.88  0.93         4.93 193.89<br>
</div>
<div style="text-decoration-line: underline;">Bruce        1.30                        5.08 199.89  0.90         4.90 192.90<br>
</div>
<div style="text-decoration-line: underline;">Putnam       1.30                        5.08 199.89  0.90         4.90 192.90<br>
</div>
<div style="text-decoration-line: underline;">Burford      1.30                        5.08 199.89  0.90         4.90 192.90<br>
</div>
<div style="text-decoration-line: underline;">Port Perry   1.35                        5.13 201.86  0.90         4.90 192.90<br>
</div>
<div style="text-decoration-line: underline;">Norfolk      1.30                        5.08 199.89  0.90         4.90 192.90<br>
</div>
<div style="text-decoration-line: underline;">Palmerston   1.34                        5.12 201.47  0.88         4.88 192.12<br>
</div>
<div style="text-decoration-line: underline;">Varna        1.30                        5.08 199.89  0.90         4.90 192.90<br>
</div>
<div style="text-decoration-line: underline;">Trenton      1.30                        5.08 199.89  0.90         4.90 192.90<br>
</div>
<div style="text-decoration-line: underline;">Winchester   1.41                        5.19 204.22  1.10         5.10 200.78<br>
</div>
<div style="text-decoration-line: underline;">North Gower  1.38                        5.16 203.04  1.10         5.10 200.78<br>
</div>
<div style="text-decoration-line: underline;">Huron FOB    1.30                        5.08 199.89  0.95         4.95 194.87<br>
</div>
<div style="text-decoration-line: underline;">Kent FOB     1.30                        5.08 199.89  0.95         4.95 194.87<br>
</div>
<div style="text-decoration-line: underline;">Lamb FOB     1.35                        5.13 201.86  1.00         5.00 196.84<br>
</div>
<div style="text-decoration-line: underline;">Mdsx FOB     1.30N/A   N/A   N/A         5.08 199.89  0.90         4.90 192.90<br>
</div>
<div style="text-decoration-line: underline;">FOB SW Que   1.99                        5.77 227.06N/A<br>
</div>
<div style="text-decoration-line: underline;">Track        1.61                        5.38 211.90N/A<br>
</div>
<div style="text-decoration-line: underline;">PROCESSORS<br>
</div>
<div style="text-decoration-line: underline;">Chat-Eth    N/A  N/A   N/A   N/A                      1.17         5.17 203.53<br>
</div>
<div style="text-decoration-line: underline;">Jhnstwn-Eth N/A  N/A   N/A   N/A                      1.42         5.42 213.38<br>
</div>
<div style="text-decoration-line: underline;">Aylmer-Eth  N/A  N/A     1.50  1.55                   1.15         5.15 202.75<br>
</div>
<div style="text-decoration-line: underline;">Sarn-Eth    N/A  N/A     1.60  1.60                 N/A<br>
</div>
<div style="text-decoration-line: underline;">London-Ing  N/A    1.70  1.70  1.75                   1.25         5.25 206.68<br>
</div>
<div style="text-decoration-line: underline;">Pt.Colb-Ing N/A  N/A   N/A   N/A                    N/A<br>
</div>
<div style="text-decoration-line: underline;">Cardnl-Ing   1.55  1.70N/A     1.75      5.33 209.73  1.30         5.30 208.65<br>
</div>
<div style="text-decoration-line: underline;">W O Feed     1.75                        5.52 217.41<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">US Rep       2.27                        6.05 238.08<br>
</div>
<div style="text-decoration-line: underline;">Toledo El.   0.40                        4.17 164.33 -0.26         3.74 147.06<br>
</div>
<div style="text-decoration-line: underline;"><br>
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<div style="text-decoration-line: underline;">TRANSFER<br>
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<div style="text-decoration-line: underline;">Pt. Colb     1.60                        5.38 211.70N/A<br>
</div>
<div style="text-decoration-line: underline;">Prescott     1.55                        5.33 209.73N/A<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">MID SD CRN   1.27   1/2                  5.05 1/4<br>
</div>
<div style="text-decoration-line: underline;">HI SD CRN    1.30                        5.07 3/4<br>
</div>
<div style="text-decoration-line: underline;">*Wet Bid<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">Exchange rate was 1.3226 up 0.0005<br>
</div>
<div style="text-decoration-line: underline;">Chicago soybeans closed narrowly mixed.<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">       JAN20   HI 9.20                NOV20    HI 9.59  3/4<br>
</div>
<div style="text-decoration-line: underline;">              LOW 9.15                        LOW 9.55  1/4<br>
</div>
<div style="text-decoration-line: underline;">             CLOSE9.17   Unchanged          CLOSE 9.57  1/4  Up  1/4<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">             OLD CROP                             NEW CROP<br>
</div>
<div style="text-decoration-line: underline;">Location     Basis 1mt  2mt  3mt U.S.  $/bu  $/mt BasisU.S.  $/bu  $/mt<br>
</div>
<div style="text-decoration-line: underline;">ELEVATORS         +JAN2+JAN2+MAR20<br>
</div>
<div style="text-decoration-line: underline;">CK Low       2.15                     11.32 415.942.09      11.66 428.52<br>
</div>
<div style="text-decoration-line: underline;">CK High      2.20                     11.37 417.782.15      11.72 430.73<br>
</div>
<div style="text-decoration-line: underline;">CK Average   2.17                -0.5911.34 416.732.12 -0.7311.70 429.75<br>
</div>
<div style="text-decoration-line: underline;">Essex Cty    2.15                     11.32 415.942.15      11.72 430.73<br>
</div>
<div style="text-decoration-line: underline;">Mdsx Low     2.15                     11.32 415.942.07      11.64 427.79<br>
</div>
<div style="text-decoration-line: underline;">Mdsx High    2.16                     11.33 416.312.10      11.67 428.89<br>
</div>
<div style="text-decoration-line: underline;">Mdsx Average 2.16                -0.6111.33 416.122.09 -0.7611.66 428.34<br>
</div>
<div style="text-decoration-line: underline;">Hensall      2.15                     11.32 415.942.10      11.67 428.89<br>
</div>
<div style="text-decoration-line: underline;">Bruce        2.15                     11.32 415.942.10      11.67 428.89<br>
</div>
<div style="text-decoration-line: underline;">Putnam       2.15                     11.32 415.942.10      11.67 428.89<br>
</div>
<div style="text-decoration-line: underline;">Burford      2.23                     11.40 418.882.14      11.71 430.36<br>
</div>
<div style="text-decoration-line: underline;">Port Perry   2.18                     11.35 417.042.09      11.66 428.52<br>
</div>
<div style="text-decoration-line: underline;">Norfolk      2.15                     11.32 415.942.15      11.72 430.73<br>
</div>
<div style="text-decoration-line: underline;">Palmerston   2.08                     11.25 413.372.09      11.66 428.52<br>
</div>
<div style="text-decoration-line: underline;">Varna        2.15                     11.32 415.942.10      11.67 428.89<br>
</div>
<div style="text-decoration-line: underline;">Trenton      2.15                     11.32 415.942.10      11.67 428.89<br>
</div>
<div style="text-decoration-line: underline;">Winchester   2.26                     11.43 419.982.26      11.83 434.77<br>
</div>
<div style="text-decoration-line: underline;">North Gower  2.21                     11.38 418.142.21      11.78 432.93<br>
</div>
<div style="text-decoration-line: underline;">Huron FOB    2.25                     11.42 419.612.20      11.77 432.57<br>
</div>
<div style="text-decoration-line: underline;">Kent FOB     2.30                     11.47 421.452.15      11.72 430.73<br>
</div>
<div style="text-decoration-line: underline;">Lambton FOB  2.40                     11.57 425.122.20      11.77 432.57<br>
</div>
<div style="text-decoration-line: underline;">Middlesex FOB2.28 2.35  N/A  N/A      11.45 420.722.22      11.79 433.30<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">PROCESSORS<br>
</div>
<div style="text-decoration-line: underline;">Windsor      2.53                     11.70 429.902.49      12.06 443.22<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">TRANSFER<br>
</div>
<div style="text-decoration-line: underline;">Hamilton     2.75                     11.92 437.992.55      12.12 445.43<br>
</div>
<div style="text-decoration-line: underline;">Prescott     2.45                     11.62 426.96 N/A<br>
</div>
<div style="text-decoration-line: underline;">Port Colborne2.69                     11.86 435.782.63      12.20 448.37<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">Toledo El.   -0.26                     8.91 327.22-0.46      9.11 334.72<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">Exchange rate was 1.3226 up 0.0005<br>
</div>
<div style="text-decoration-line: underline;">Chicago wheat closed moderately higher.<br>
</div>
<div style="text-decoration-line: underline;">DEC19      HI     5.17  1/4             JUL20   HI      5.30  1/2<br>
</div>
<div style="text-decoration-line: underline;">           LOW    5.05  1/4                     LOW     5.19  1/4<br>
</div>
<div style="text-decoration-line: underline;">           CLOSE  5.17   Up 11 1/4              CLOSE   5.30  1/4  Up 10 1/2<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">Minni wheat closed slightly to moderately higher.<br>
</div>
<div style="text-decoration-line: underline;">DEC19      HI     5.22  3/4             SEP20   HI         5.65<br>
</div>
<div style="text-decoration-line: underline;">           LOW        5.15                      LOW     5.60  1/4<br>
</div>
<div style="text-decoration-line: underline;">           CLOSE  5.21  3/4  Up 6 1/2           CLOSE   5.64  1/4  Up 4 3/4<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">GFO Cash Wheat Prices - DEL Terminal<br>
</div>
<div style="text-decoration-line: underline;">Harvest 19        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)<br>
</div>
<div style="text-decoration-line: underline;">Basis                 2.13          2.33            2.00          1.29<br>
</div>
<div style="text-decoration-line: underline;">CAD $/bu              7.30          7.50            7.17          6.50<br>
</div>
<div style="text-decoration-line: underline;">CAD $/tonne         268.25        275.54          263.39        238.97<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">Direct MarkHarvest 2019                 Harvest 2020<br>
</div>
<div style="text-decoration-line: underline;">           DELIVERED BASIS              DELIVERED BASIS<br>
</div>
<div style="text-decoration-line: underline;">Location   SWW(C) HRW(C)  SRW(C) HRS(M) SWW(C)  HRW(C)  SRW(C) HRS(M)<br>
</div>
<div style="text-decoration-line: underline;">ELEVATORS<br>
</div>
<div style="text-decoration-line: underline;">Brgssvll     N/A    N/A    1.65    N/A    N/A     N/A    1.15    N/A<br>
</div>
<div style="text-decoration-line: underline;">London      1.76    2.02   1.63    N/A    1.34    1.60   1.14    N/A<br>
</div>
<div style="text-decoration-line: underline;">Hensall     1.70    N/A    1.65    N/A    1.35    N/A    1.15    N/A<br>
</div>
<div style="text-decoration-line: underline;">Trenton      N/A    N/A     N/A    N/A    N/A     N/A    1.40    N/A<br>
</div>
<div style="text-decoration-line: underline;">Bruce       1.70    2.00   1.60   1.50    1.35    1.55   1.10   1.05<br>
</div>
<div style="text-decoration-line: underline;">Essex        N/A    N/A    1.65    N/A    N/A     N/A    1.15    N/A<br>
</div>
<div style="text-decoration-line: underline;">Norwich     1.70    N/A    1.65    N/A    1.35    N/A    1.15    N/A<br>
</div>
<div style="text-decoration-line: underline;">Port Hope    N/A    N/A    1.70    N/A    N/A     N/A    1.40    N/A<br>
</div>
<div style="text-decoration-line: underline;">Kent Bridge 1.70    N/A    1.65    N/A    1.35    N/A    1.15    N/A<br>
</div>
<div style="text-decoration-line: underline;">Chatham      N/A    N/A    1.65    N/A    N/A     N/A    1.15    N/A<br>
</div>
<div style="text-decoration-line: underline;">Brigden      N/A    N/A    1.65    N/A    N/A     N/A    1.15    N/A<br>
</div>
<div style="text-decoration-line: underline;">Palmerston   N/A    N/A    1.64   1.54    N/A     N/A    1.13   0.96<br>
</div>
<div style="text-decoration-line: underline;">Varna       1.75    2.05   1.65    N/A    1.35    1.55   1.15    N/A<br>
</div>
<div style="text-decoration-line: underline;">Mitchell    1.70    1.90   1.65    N/A    1.35    1.55   1.15    N/A<br>
</div>
<div style="text-decoration-line: underline;">Thornton     N/A    N/A     N/A   1.65    N/A     N/A     N/A    N/A<br>
</div>
<div style="text-decoration-line: underline;">North Gower  N/A    1.55   1.35   0.90    N/A     1.62   1.47   0.90<br>
</div>
<div style="text-decoration-line: underline;">W O Feed                   2.26<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">TERMINAL<br>
</div>
<div style="text-decoration-line: underline;">Port Colbor 2.10    2.36   2.03    N/A    N/A     N/A    1.54    N/A<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">PROCESSORS<br>
</div>
<div style="text-decoration-line: underline;">Toledo FM    N/A    N/A    2.13    N/A    N/A     N/A    1.71    N/A<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">Toledo El. 5.35US         7.08CA        5.30US          7.01CA<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">GFO Contract Wheat Prices - DEL Terminal<br>
</div>
<div style="text-decoration-line: underline;">Harvest 20        Soft White(C)  Hard Red(C)    Soft Red(C)    Red Spring(M)<br>
</div>
<div style="text-decoration-line: underline;">Basis                 1.51          1.78            1.45          1.03<br>
</div>
<div style="text-decoration-line: underline;">CAD $/bu              6.81          7.08            6.75          6.67<br>
</div>
<div style="text-decoration-line: underline;">CAD $/tonne         250.39        260.11          247.96        245.05<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">(C)-Basis over the Chicago Board of Trade futures<br>
</div>
<div style="text-decoration-line: underline;">(M)-Basis over the Minneapolis Grain Exchange<br>
</div>
<div style="text-decoration-line: underline;"><br>
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<div style="text-decoration-line: underline;">FEED GRAINS<br>
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<div style="text-decoration-line: underline;">FOB Hm Soymeal            476.65<br>
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<div style="text-decoration-line: underline;">DDG's FOB Srn & Aylm      205.00<br>
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<div style="">
<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>
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<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: 10pt; font-family: "Courier New";">Fax. 519-674-1530<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</span></span></p>
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