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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, November 20<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 1.3309 up 0.0038<br>
</u></div>
<div><u>Chicago corn closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> DEC19 HI 3.70 1/2 DEC20 HI 3.96 1/4<br>
</u></div>
<div><u> LOW 3.65 3/4 LOW 3.94<br>
</u></div>
<div><u> CLOSE3.66 3/4 Down 3 1/4 CLOSE 3.94 1/4 Down 1 3/4<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 +MAR20+MAR20+MAR20<br>
</u></div>
<div><u>CK Low 1.35 5.02 197.53 0.90 4.84 190.64<br>
</u></div>
<div><u>CK High 1.35 5.02 197.53 0.95 4.89 192.61<br>
</u></div>
<div><u>CK Avg 1.35 0.10 5.02 197.53 0.91 -0.30 4.85 190.97<br>
</u></div>
<div><u>Essex Cty 1.35 5.02 197.53 0.90 4.84 190.64<br>
</u></div>
<div><u>Mdsx Low 1.35 5.02 197.53 0.90 4.84 190.64<br>
</u></div>
<div><u>Mdsx High 1.35 5.02 197.53 0.90 4.84 190.64<br>
</u></div>
<div><u>Mdsx Avg 1.35 0.10 5.02 197.53 0.90 -0.31 4.84 190.64<br>
</u></div>
<div><u>Hensall 1.35 5.02 197.53 0.93 4.87 191.63<br>
</u></div>
<div><u>Bruce 1.35 5.02 197.53 0.90 4.84 190.64<br>
</u></div>
<div><u>Putnam 1.35 5.02 197.53 0.90 4.84 190.64<br>
</u></div>
<div><u>Burford 1.35 5.02 197.53 0.90 4.84 190.64<br>
</u></div>
<div><u>Port Perry 1.35 5.02 197.53 0.90 4.84 190.64<br>
</u></div>
<div><u>Norfolk 1.35 5.02 197.53 0.90 4.84 190.64<br>
</u></div>
<div><u>Palmerston 1.35 5.02 197.53 0.91 4.85 191.03<br>
</u></div>
<div><u>Varna 1.30 4.97 195.56 0.90 4.84 190.64<br>
</u></div>
<div><u>Trenton 1.30 4.97 195.56 0.90 4.84 190.64<br>
</u></div>
<div><u>Winchester 1.40 5.07 199.50 1.10 5.04 198.51<br>
</u></div>
<div><u>North Gower 1.43 5.10 200.68 1.10 5.04 198.51<br>
</u></div>
<div><u>Huron FOB 1.35 5.02 197.53 0.95 4.89 192.61<br>
</u></div>
<div><u>Kent FOB 1.35 5.02 197.53 0.95 4.89 192.61<br>
</u></div>
<div><u>Lamb FOB 1.35 5.02 197.53 1.00 4.94 194.58<br>
</u></div>
<div><u>Mdsx FOB 1.35 1.35 1.00 1.35 5.02 197.53 0.90 4.84 190.64<br>
</u></div>
<div><u>FOB SW Que 2.19 5.86 230.60N/A<br>
</u></div>
<div><u>Track 1.65 5.31 209.14N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.17 5.11 201.27<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.42 5.36 211.11<br>
</u></div>
<div><u>Aylmer-Eth N/A N/A 1.55 1.60 1.15 5.09 200.48<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 5.19 204.42<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 N/A N/A 1.75 1.75 1.30 5.24 206.39<br>
</u></div>
<div><u>W O Feed 1.81 5.48 215.74<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.28 5.95 234.14<br>
</u></div>
<div><u>Toledo El. 0.40 4.07 160.10 -0.27 3.68 144.73<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.27 207.37N/A<br>
</u></div>
<div><u>Prescott 1.50 5.17 203.44N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.35 5.01 3/4<br>
</u></div>
<div><u>HI SD CRN 1.35 5.01 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 1.3309 up 0.0038<br>
</u></div>
<div><u>Chicago soybeans closed mixed.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JAN20 HI 9.15 3/4 NOV20 HI 9.53<br>
</u></div>
<div><u> LOW 9.04 1/4 LOW 9.47<br>
</u></div>
<div><u> CLOSE9.05 Down 6 1/2 CLOSE 9.48 3/4 Down 1<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 2.20 11.25 413.372.20 11.69 429.44<br>
</u></div>
<div><u>CK High 2.30 11.35 417.042.27 11.76 432.01<br>
</u></div>
<div><u>CK Average 2.24 -0.5711.29 414.782.21 -0.7011.70 429.87<br>
</u></div>
<div><u>Essex Cty 2.30 11.35 417.042.20 11.69 429.44<br>
</u></div>
<div><u>Mdsx Low 2.20 11.25 413.372.20 11.69 429.44<br>
</u></div>
<div><u>Mdsx High 2.21 11.26 413.732.25 11.74 431.28<br>
</u></div>
<div><u>Mdsx Average 2.21 -0.5911.26 413.552.23 -0.6911.71 430.36<br>
</u></div>
<div><u>Hensall 2.25 11.30 415.202.20 11.69 429.44<br>
</u></div>
<div><u>Bruce 2.25 11.30 415.202.20 11.69 429.44<br>
</u></div>
<div><u>Putnam 2.20 11.25 413.372.20 11.69 429.44<br>
</u></div>
<div><u>Burford 2.28 11.33 416.312.32 11.81 433.85<br>
</u></div>
<div><u>Port Perry 2.23 11.28 414.472.27 11.76 432.01<br>
</u></div>
<div><u>Norfolk 2.30 11.35 417.042.20 11.69 429.44<br>
</u></div>
<div><u>Palmerston 2.20 11.25 413.372.15 11.64 427.60<br>
</u></div>
<div><u>Varna 2.30 11.35 417.042.20 11.69 429.44<br>
</u></div>
<div><u>Trenton 2.20 11.25 413.372.20 11.69 429.44<br>
</u></div>
<div><u>Winchester 2.29 11.34 416.672.25 11.74 431.28<br>
</u></div>
<div><u>North Gower 2.26 11.31 415.572.28 11.77 432.38<br>
</u></div>
<div><u>Huron FOB 2.40 11.45 420.722.30 11.79 433.12<br>
</u></div>
<div><u>Kent FOB 2.50 11.55 424.392.20 11.69 429.44<br>
</u></div>
<div><u>Lambton FOB 2.50 11.55 424.392.20 11.69 429.44<br>
</u></div>
<div><u>Middlesex FOB2.46 2.40 2.33 N/A 11.51 422.922.30 11.79 433.12<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 2.73 11.78 432.842.61 12.10 444.51<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.85 11.90 437.252.65 12.14 445.98<br>
</u></div>
<div><u>Prescott 2.55 11.60 426.23 N/A<br>
</u></div>
<div><u>Port Colborne2.87 11.92 437.992.65 12.14 445.98<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.20 8.85 325.20-0.47 9.02 331.48<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3309 up 0.0038<br>
</u></div>
<div><u>Chicago wheat closed slightly higher.<br>
</u></div>
<div><u>DEC19 HI 5.15 3/4 JUL20 HI 5.23 1/2<br>
</u></div>
<div><u> LOW 5.08 LOW 5.17<br>
</u></div>
<div><u> CLOSE 5.15 1/2 Up 3 1/2 CLOSE 5.23 1/4 Up 2<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.<br>
</u></div>
<div><u>DEC19 HI 5.06 SEP20 HI 5.50 3/4<br>
</u></div>
<div><u> LOW 5.00 3/4 LOW 5.46 1/2<br>
</u></div>
<div><u> CLOSE 5.01 1/4 Down 2 CLOSE 5.46 1/2 Down 3<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 2.17 2.37 2.04 1.26<br>
</u></div>
<div><u>CAD $/bu 7.33 7.53 7.19 6.27<br>
</u></div>
<div><u>CAD $/tonne 269.21 276.55 264.32 230.46<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 1.80 2.07 1.67 N/A 1.36 1.63 1.16 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 1.70 1.53 N/A N/A 1.16 0.95<br>
</u></div>
<div><u>Varna 1.80 2.10 1.70 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 1.88 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 1.90 1.70 1.00 N/A 1.57 1.37 0.90<br>
</u></div>
<div><u>W O Feed 2.35<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor 2.14 2.41 2.08 N/A N/A N/A 1.56 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.17 N/A N/A N/A 1.73 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.34US 7.10CA 5.23US 6.97CA<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 1.53 1.80 1.47 1.01<br>
</u></div>
<div><u>CAD $/bu 6.77 7.03 6.70 6.48<br>
</u></div>
<div><u>CAD $/tonne 248.64 258.42 246.19 238.00<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 474.00<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 185.00 - 190.00<br>
</u></div>
<div><u><br>
</u></div>
<div>---</div>
<span></span>Ontario Grain Market Commentary for November 20, 2019</div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
By Todd Austin, Grain Farmers of Ontario</div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<br>
</div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div>Wednesday, November 20, 2019<br>
</div>
<div>COMMODITY PERIOD PRICE WEEKLY MOVEMENT<br>
</div>
<div>Corn CBOT Dec 3.66¨ú ¡é 8¨ö cents<br>
</div>
<div>Soybeans CBOT Jan 9.05 ¡é 10¨ù cents<br>
</div>
<div>Wheat CBOT Dec 5.15¨ö ¡è 6¨ö cents<br>
</div>
<div>Wheat Minn. Dec 5.01¨ù ¡é 14 cents<br>
</div>
<div>Wheat Kansas Dec 4.26 ¡è 1¨ù cents<br>
</div>
<div>Oats CBOT Dec 3.13¨ú ¡è 8¨ù cents<br>
</div>
<div><br>
</div>
<div>Canadian $ Dec 0.7514 ¡é 31 points<br>
</div>
<div><br>
</div>
<div><br>
</div>
<div>CORN: <br>
</div>
<div>The latest crop progress report indicates that the US corn harvest is 76% complete. This compares with the five-year average of 92 percent. Some states remain under 50% complete.
<br>
</div>
<div>US Corn exports continue to be sluggish. September corn exports were the lowest volume for the month since 1975. Global supplies and aggressive competitor countries have contributed to the slow US export pace. One such instance is a record large Brazilian
corn crop, leading to greatly increased exports for this country.<br>
</div>
<div><br>
</div>
<div>SOYBEANS: <br>
</div>
<div>US soybean harvest is 91% complete, up 6% from last weekend close to the five-year average of 95 percent.<br>
</div>
<div>Soy futures strengthened as China trade talks with the US appeared to move forward. China was a top buyer of US soybeans during the week ending November 7, accounting for over 750,000 tonnes. Trade talks continue and we wait to see the results.<br>
</div>
<div><br>
</div>
<div>WHEAT:<br>
</div>
<div>The neighbouring US indicates an 80-95% emergence of winter wheat. Overall, the US winter wheat emergence is 83% which is 3 percentage points below the five-year average. The crop rated good- excellent is 52%, down 2% from last week.<br>
</div>
<div>The French firm Strategie Grains estimates the EU soft wheat production for 2020 to be 23.7 million Ha (58.6 million acres), which is lower than its October estimates. This reduction in acres is a result of wet weather delays in Europe.
<br>
</div>
<div><br>
</div>
<div><br>
</div>
<div>2019 cash prices for November 20, 2019, at the market close, are as follows:<br>
</div>
<div><br>
</div>
<div>SWW at $269.19/mt ($7.33/bu), HRW at $276.52/mt ($7.53/bu), <br>
</div>
<div>HRS at $230.43/mt ($6.27/bu), and SRW at $264.30/mt ($7.19/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>---</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>
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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>
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