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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, November 13<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 1.3252 up 0.0026<br>
</u></div>
<div><u>Chicago corn closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> DEC19 HI 3.77 3/4 DEC20 HI 3.99 3/4<br>
</u></div>
<div><u> LOW 3.75 LOW 3.97 1/2<br>
</u></div>
<div><u> CLOSE3.75 1/4 Down 2 1/2 CLOSE 3.97 1/2 Down 2 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 +MAR20+MAR20+MAR20<br>
</u></div>
<div><u>CK Low 1.30 5.05 198.91 0.90 4.88 191.92<br>
</u></div>
<div><u>CK High 1.35 5.10 200.88 0.95 4.93 193.89<br>
</u></div>
<div><u>CK Avg 1.31 0.07 5.06 199.24 0.91 -0.29 4.88 192.25<br>
</u></div>
<div><u>Essex Cty 1.30 5.05 198.91 0.90 4.88 191.92<br>
</u></div>
<div><u>Mdsx Low 1.30 5.05 198.91 0.90 4.88 191.92<br>
</u></div>
<div><u>Mdsx High 1.30 5.05 198.91 0.90 4.88 191.92<br>
</u></div>
<div><u>Mdsx Avg 1.30 0.06 5.05 198.91 0.90 -0.29 4.88 191.92<br>
</u></div>
<div><u>Hensall 1.33 5.08 199.89 0.93 4.90 192.90<br>
</u></div>
<div><u>Bruce 1.30 5.05 198.91 0.90 4.88 191.92<br>
</u></div>
<div><u>Putnam 1.30 5.05 198.91 0.90 4.88 191.92<br>
</u></div>
<div><u>Burford 1.30 5.05 198.91 0.90 4.88 191.92<br>
</u></div>
<div><u>Port Perry 1.35 5.10 200.88 0.90 4.88 191.92<br>
</u></div>
<div><u>Norfolk 1.30 5.05 198.91 0.90 4.88 191.92<br>
</u></div>
<div><u>Palmerston 1.35 5.10 200.88 0.89 4.87 191.53<br>
</u></div>
<div><u>Varna 1.30 5.05 198.91 0.90 4.88 191.92<br>
</u></div>
<div><u>Trenton 1.30 5.05 198.91 0.90 4.88 191.92<br>
</u></div>
<div><u>Winchester 1.43 5.18 204.03 1.12 5.10 200.58<br>
</u></div>
<div><u>North Gower 1.38 5.13 202.06 1.10 5.08 199.79<br>
</u></div>
<div><u>Huron FOB 1.30 5.05 198.91 0.95 4.93 193.89<br>
</u></div>
<div><u>Kent FOB 1.30 5.05 198.91 0.95 4.93 193.89<br>
</u></div>
<div><u>Lamb FOB 1.35 5.10 200.88 1.00 4.98 195.86<br>
</u></div>
<div><u>Mdsx FOB 1.30N/A N/A N/A 5.05 198.91 0.90 4.88 191.92<br>
</u></div>
<div><u>FOB SW Que 2.14 5.89 231.98N/A<br>
</u></div>
<div><u>Track 1.61 5.36 211.11N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.17 5.15 202.55<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.42 5.40 212.39<br>
</u></div>
<div><u>Aylmer-Eth N/A N/A 1.55 1.60 1.15 5.13 201.76<br>
</u></div>
<div><u>Sarn-Eth N/A N/A 1.60 1.60 N/A<br>
</u></div>
<div><u>London-Ing N/A 1.70 1.75 1.75 1.25 5.23 205.70<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 1.55 1.70N/A 1.75 5.30 208.75 1.30 5.28 207.67<br>
</u></div>
<div><u>W O Feed 1.76 5.51 216.82<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.28 6.03 237.49<br>
</u></div>
<div><u>Toledo El. 0.40 4.15 163.38 -0.26 3.71 146.06<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.35 210.72N/A<br>
</u></div>
<div><u>Prescott 1.55 5.30 208.75N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.32 1/2 5.07 3/4<br>
</u></div>
<div><u>HI SD CRN 1.35 5.10 1/4<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 1.3252 up 0.0026<br>
</u></div>
<div><u>Chicago soybeans closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JAN20 HI 9.21 1/2 NOV20 HI 9.59 3/4<br>
</u></div>
<div><u> LOW 9.13 1/2 LOW 9.53 3/4<br>
</u></div>
<div><u> CLOSE9.15 1/4 Down 1 3/4 CLOSE 9.55 1/4 Down 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 +JAN2+JAN2+MAR20<br>
</u></div>
<div><u>CK Low 2.15 11.30 415.302.10 11.65 428.16<br>
</u></div>
<div><u>CK High 2.20 11.35 417.132.20 11.75 431.83<br>
</u></div>
<div><u>CK Average 2.18 -0.6011.33 416.462.14 -0.7211.69 429.69<br>
</u></div>
<div><u>Essex Cty 2.20 11.35 417.132.20 11.75 431.83<br>
</u></div>
<div><u>Mdsx Low 2.15 11.30 415.302.10 11.65 428.16<br>
</u></div>
<div><u>Mdsx High 2.17 11.32 416.032.13 11.68 429.26<br>
</u></div>
<div><u>Mdsx Average 2.16 -0.6211.31 415.662.12 -0.7411.67 428.71<br>
</u></div>
<div><u>Hensall 2.15 11.30 415.302.10 11.65 428.16<br>
</u></div>
<div><u>Bruce 2.15 11.30 415.302.10 11.65 428.16<br>
</u></div>
<div><u>Putnam 2.15 11.30 415.302.10 11.65 428.16<br>
</u></div>
<div><u>Burford 2.24 11.39 418.602.20 11.75 431.83<br>
</u></div>
<div><u>Port Perry 2.19 11.34 416.772.15 11.70 429.99<br>
</u></div>
<div><u>Norfolk 2.20 11.35 417.132.20 11.75 431.83<br>
</u></div>
<div><u>Palmerston 2.08 11.23 412.722.09 11.64 427.79<br>
</u></div>
<div><u>Varna 2.15 11.30 415.302.10 11.65 428.16<br>
</u></div>
<div><u>Trenton 2.15 11.30 415.302.10 11.65 428.16<br>
</u></div>
<div><u>Winchester 2.27 11.42 419.712.27 11.82 434.40<br>
</u></div>
<div><u>North Gower 2.21 11.36 417.502.21 11.76 432.20<br>
</u></div>
<div><u>Huron FOB 2.25 11.40 418.972.20 11.75 431.83<br>
</u></div>
<div><u>Kent FOB 2.40 11.55 424.482.20 11.75 431.83<br>
</u></div>
<div><u>Lambton FOB 2.40 11.55 424.482.20 11.75 431.83<br>
</u></div>
<div><u>Middlesex FOB2.29 2.36 N/A N/A 11.44 420.442.23 11.78 432.93<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 2.55 11.70 429.992.51 12.06 443.22<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.75 11.90 437.342.65 12.20 448.37<br>
</u></div>
<div><u>Prescott 2.45 11.60 426.32 N/A<br>
</u></div>
<div><u>Port Colborne2.70 11.85 435.502.64 12.19 448.00<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.27 8.89 326.56-0.46 9.09 333.96<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3252 up 0.0026<br>
</u></div>
<div><u>Chicago wheat closed moderately lower.<br>
</u></div>
<div><u>DEC19 HI 5.16 3/4 JUL20 HI 5.29 3/4<br>
</u></div>
<div><u> LOW 5.06 1/2 LOW 5.20<br>
</u></div>
<div><u> CLOSE 5.09 Down 8 CLOSE 5.22 1/2 Down 7 3/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.<br>
</u></div>
<div><u>DEC19 HI 5.21 SEP20 HI 5.62<br>
</u></div>
<div><u> LOW 5.15 LOW 5.58 1/4<br>
</u></div>
<div><u> CLOSE 5.15 1/4 Down 6 1/2 CLOSE 5.58 3/4 Down 5 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 2.12 2.32 1.99 1.28<br>
</u></div>
<div><u>CAD $/bu 7.21 7.41 7.08 6.43<br>
</u></div>
<div><u>CAD $/tonne 264.89 272.19 260.02 236.28<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 1.79 2.05 1.65 N/A 1.37 1.63 1.17 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 1.40 N/A<br>
</u></div>
<div><u>Bruce 1.70 2.05 1.65 1.50 1.35 1.55 1.15 1.05<br>
</u></div>
<div><u>Essex N/A N/A 1.65 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 1.70 N/A N/A N/A 1.40 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 1.65 N/A N/A N/A 1.15 N/A<br>
</u></div>
<div><u>Brigden N/A N/A 1.65 N/A N/A N/A 1.15 N/A<br>
</u></div>
<div><u>Palmerston N/A N/A 1.66 1.55 N/A N/A 1.14 0.97<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 1.67 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 1.55 1.35 0.90 N/A 1.62 1.47 0.90<br>
</u></div>
<div><u>W O Feed 2.25<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor 2.13 2.39 2.06 N/A N/A N/A 1.57 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.12 N/A N/A N/A 1.70 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.27US 6.98CA 5.23US 6.92CA<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 1.50 1.76 1.43 1.02<br>
</u></div>
<div><u>CAD $/bu 6.72 6.99 6.66 6.61<br>
</u></div>
<div><u>CAD $/tonne 246.99 256.72 244.55 242.73<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 478.74<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 205.00<br>
</u></div>
<div><u><br>
</u></div>
<div>---</div>
Ontario Grain Market Commentary for November 13, 2019</div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
By Todd Austin, Grain Farmers of Ontario<br>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="">Wednesday, November 13, 2019<br>
</div>
<div style="">COMMODITY PERIOD PRICE WEEKLY MOVEMENT<br>
</div>
<div style="">Corn CBOT Dec 3.75¨ù ¡é 3¨ö cents<br>
</div>
<div style="">Soybeans CBOT Jan 9.15¨ù ¡é 12 cents<br>
</div>
<div style="">Wheat CBOT Dec 5.09 ¡é 7¨ú cents<br>
</div>
<div style="">Wheat Minn. Dec 5.15¨ù ¡é 8¨ù cents<br>
</div>
<div style="">Wheat Kansas Dec 4.24¨ú ¡é 2¨ö cents<br>
</div>
<div style="">Oats CBOT Dec 3.05¨ö ¡é 1¨ö cents<br>
</div>
<div style=""><br>
</div>
<div style="">Canadian $ Dec 0.7545 ¡é 39 points<br>
</div>
<div style=""><br>
</div>
<div style=""><br>
</div>
<div style="">CORN: <br>
</div>
<div style="">The USDA released their November WASDE data on the 8th. The overall crop was estimated to be 13.661 billion bushels; this is a drop of 118 million bushels from their October estimates. The USDA adjusted the average yield down 1.4 bushels per
acre to a value of 167 bushes per acre. <br>
</div>
<div style="">The USDA not only reduced the supply side of the corn ledger, they also cut demand by 100 million bushels. The net result is that ending stocks are estimated at 1.910 billion bushels; 19 million less than the October estimates.<br>
</div>
<div style="">As of this past Monday, US corn harvest is 66% complete. This was within trade estimates but continues to lag the five-year average pace. For this reporting period, the harvest is 19 percentage points off the average pace.<br>
</div>
<div style=""><br>
</div>
<div style="">SOYBEANS: <br>
</div>
<div style="">Soybean production was forecast at 3.550 billion bushels, according to the USDA on their November report. This estimate was above trade estimates and in line with October¡¯s report. The supply side of the US Soybean complex did not change from
the October report.<br>
</div>
<div style=""> On the demand side, domestic crush volume was lowered by 15 million bushels, increasing the carryout estimate to 475 million bushels. Last year the carry out was 913 million bushels.
<br>
</div>
<div style="">Soybean harvest is 85% complete according to the weekly USDA update. The average pace for this time of the year is 92 per cent.
<br>
</div>
<div style=""><br>
</div>
<div style="">WHEAT:<br>
</div>
<div style="">The USDA has decreased the harvested acreage of wheat in its November Report, dropping production by 41 million bushels. Demand was reduced by 12 million bushels, resulting in a decrease in the carryout to 1.014 billion bushels. Last year the
carry out was 1.08 billion bushels; another year of lower production yet increased carryout.<br>
</div>
<div style=""> <br>
</div>
<div style="">The US winter wheat condition report indicated 54% good to excellent. Ontario winter wheat plantings were good this year; estimates run from 800,000 acres to a million.
<br>
</div>
<div style=""><br>
</div>
<div style=""><br>
</div>
<div style="">2019 cash prices for November 13, 2019, at the market close, are as follows:<br>
</div>
<div style=""><br>
</div>
<div style="">SWW at $264.93/mt ($7.21/bu), HRW at $272.23/mt ($7.41/bu), <br>
</div>
<div style="">HRS at $236.32/mt ($6.43/bu), and SRW at $260.06/mt ($7.08/bu).<br>
</div>
<div style=""><br>
</div>
<div style="">We currently offer 2020 and 2021 harvest prices as well, please call
<br>
</div>
<div style="">1-800-265-0550 for more information.<br>
</div>
<div style="">---</div>
<div style=""><br>
</div>
<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>
<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>
<p style="margin: 0in 0in 10pt; line-height: 115%; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size: 10pt; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);"><o:p style=""> </o:p></span></p>
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