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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, November 21<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 1.3279 down 0.0030<br>
</u></div>
<div><u>Chicago corn closed narrowly mixed.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> DEC19 HI 3.69 3/4 DEC20 HI 3.95<br>
</u></div>
<div><u> LOW 3.66 1/4 LOW 3.94<br>
</u></div>
<div><u> CLOSE3.68 1/2 Up 1 3/4 CLOSE 3.94 Down 1/4<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 5.04 198.22 0.90 4.84 190.54<br>
</u></div>
<div><u>CK High 1.40 5.09 200.19 0.95 4.89 192.51<br>
</u></div>
<div><u>CK Avg 1.36 0.11 5.04 198.55 0.91 -0.29 4.85 190.87<br>
</u></div>
<div><u>Essex Cty 1.35 5.04 198.22 0.90 4.84 190.54<br>
</u></div>
<div><u>Mdsx Low 1.35 5.04 198.22 0.90 4.84 190.54<br>
</u></div>
<div><u>Mdsx High 1.35 5.04 198.22 0.90 4.84 190.54<br>
</u></div>
<div><u>Mdsx Avg 1.35 0.11 5.04 198.22 0.90 -0.29 4.84 190.54<br>
</u></div>
<div><u>Hensall 1.35 5.04 198.22 0.93 4.87 191.53<br>
</u></div>
<div><u>Bruce 1.35 5.04 198.22 0.90 4.84 190.54<br>
</u></div>
<div><u>Putnam 1.35 5.04 198.22 0.90 4.84 190.54<br>
</u></div>
<div><u>Burford 1.35 5.04 198.22 0.90 4.84 190.54<br>
</u></div>
<div><u>Port Perry 1.35 5.04 198.22 0.90 4.84 190.54<br>
</u></div>
<div><u>Norfolk 1.35 5.04 198.22 0.90 4.84 190.54<br>
</u></div>
<div><u>Palmerston 1.34 5.03 197.83 0.90 4.84 190.54<br>
</u></div>
<div><u>Varna 1.35 5.04 198.22 0.90 4.84 190.54<br>
</u></div>
<div><u>Trenton 1.30 4.99 196.25 0.90 4.84 190.54<br>
</u></div>
<div><u>Winchester 1.42 5.11 200.97 1.11 5.05 198.81<br>
</u></div>
<div><u>North Gower 1.43 5.12 201.37 1.10 5.04 198.42<br>
</u></div>
<div><u>Huron FOB 1.40 5.09 200.19 0.95 4.89 192.51<br>
</u></div>
<div><u>Kent FOB 1.35 5.04 198.22 0.95 4.89 192.51<br>
</u></div>
<div><u>Lamb FOB 1.35 5.04 198.22 1.00 4.94 194.48<br>
</u></div>
<div><u>Mdsx FOB 1.40 1.40 1.00N/A 5.09 200.19 1.00 4.94 194.48<br>
</u></div>
<div><u>FOB SW Que 2.14 5.83 229.32N/A<br>
</u></div>
<div><u>Track 1.65 5.33 209.83N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.18 5.12 201.57<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.42 5.36 211.01<br>
</u></div>
<div><u>Aylmer-Eth N/A N/A 1.55 1.60 1.15 5.09 200.38<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 5.19 204.32<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 5.24 206.29<br>
</u></div>
<div><u>W O Feed 1.81 5.49 216.13<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.27 5.96 234.44<br>
</u></div>
<div><u>Toledo El. 0.40 4.08 160.76 -0.27 3.67 144.66<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.29 208.06N/A<br>
</u></div>
<div><u>Prescott 1.50 5.19 204.12N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 5.08 1/2<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 1.3279 down 0.0030<br>
</u></div>
<div><u>Chicago soybeans closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JAN20 HI 9.09 1/4 NOV20 HI 9.51 1/2<br>
</u></div>
<div><u> LOW 9.00 1/4 LOW 9.43<br>
</u></div>
<div><u> CLOSE9.01 Down 4 CLOSE 9.45 1/4 Down 3 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 +JAN2+JAN2+MAR20<br>
</u></div>
<div><u>CK Low 2.20 11.21 411.902.25 11.70 429.99<br>
</u></div>
<div><u>CK High 2.30 11.31 415.572.25 11.70 429.99<br>
</u></div>
<div><u>CK Average 2.28 -0.5111.29 414.962.25 -0.6311.70 429.99<br>
</u></div>
<div><u>Essex Cty 2.30 11.31 415.572.25 11.70 429.99<br>
</u></div>
<div><u>Mdsx Low 2.18 11.19 411.162.23 11.68 429.26<br>
</u></div>
<div><u>Mdsx High 2.30 11.31 415.572.25 11.70 429.99<br>
</u></div>
<div><u>Mdsx Average 2.24 -0.5411.25 413.372.24 -0.6411.69 429.63<br>
</u></div>
<div><u>Hensall 2.30 11.31 415.572.23 11.68 429.07<br>
</u></div>
<div><u>Bruce 2.25 11.26 413.732.25 11.70 429.99<br>
</u></div>
<div><u>Putnam 2.30 11.31 415.572.25 11.70 429.99<br>
</u></div>
<div><u>Burford 2.25 11.26 413.732.30 11.75 431.83<br>
</u></div>
<div><u>Port Perry 2.20 11.21 411.902.25 11.70 429.99<br>
</u></div>
<div><u>Norfolk 2.30 11.31 415.572.25 11.70 429.99<br>
</u></div>
<div><u>Palmerston 2.16 11.17 410.432.13 11.58 425.58<br>
</u></div>
<div><u>Varna 2.30 11.31 415.572.20 11.65 428.16<br>
</u></div>
<div><u>Trenton 2.20 11.21 411.902.20 11.65 428.16<br>
</u></div>
<div><u>Winchester 2.29 11.30 415.202.25 11.70 429.99<br>
</u></div>
<div><u>North Gower 2.26 11.27 414.102.28 11.73 431.10<br>
</u></div>
<div><u>Huron FOB 2.45 11.46 421.082.30 11.75 431.83<br>
</u></div>
<div><u>Kent FOB 2.50 11.51 422.922.25 11.70 429.99<br>
</u></div>
<div><u>Lambton FOB 2.60 11.61 426.592.30 11.75 431.83<br>
</u></div>
<div><u>Middlesex FOB2.50 2.43 2.30 N/A 11.51 422.922.35 11.80 433.67<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 2.69 11.70 429.902.57 12.02 441.75<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.85 11.86 435.782.70 12.15 446.53<br>
</u></div>
<div><u>Prescott 2.40 11.41 419.25 N/A<br>
</u></div>
<div><u>Port Colborne2.91 11.92 437.992.65 12.10 444.69<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.20 8.81 323.74-0.46 8.99 330.25<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3279 down 0.0030<br>
</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.<br>
</u></div>
<div><u>DEC19 HI 5.19 1/2 JUL20 HI 5.26 1/2<br>
</u></div>
<div><u> LOW 5.08 1/4 LOW 5.17 1/2<br>
</u></div>
<div><u> CLOSE 5.09 Down 6 1/2 CLOSE 5.17 3/4 Down 5 1/2<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.<br>
</u></div>
<div><u>DEC19 HI 5.02 1/2 SEP20 HI 5.46 1/4<br>
</u></div>
<div><u> LOW 4.94 1/2 LOW 5.41<br>
</u></div>
<div><u> CLOSE 4.95 1/4 Down 6 CLOSE 5.41 1/4 Down 5 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 2.13 2.33 2.00 1.23<br>
</u></div>
<div><u>CAD $/bu 7.22 7.42 7.09 6.18<br>
</u></div>
<div><u>CAD $/tonne 265.43 272.75 260.56 227.01<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 1.82 2.09 1.69 N/A 1.38 1.65 1.18 N/A<br>
</u></div>
<div><u>Hensall 1.70 N/A 1.70 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 1.70 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 1.70 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 1.70 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 1.68 1.49 N/A N/A 1.13 0.91<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 2.00 1.70 N/A 1.35 1.55 1.15 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 1.90 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 2.32<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor 2.16 2.43 2.10 N/A N/A N/A 1.58 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.13 N/A N/A N/A 1.69 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.27US 7.00CA 5.18US 6.87CA<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 1.49 1.76 1.43 0.97<br>
</u></div>
<div><u>CAD $/bu 6.67 6.94 6.61 6.39<br>
</u></div>
<div><u>CAD $/tonne 245.16 254.91 242.72 234.68<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 475.32<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 185.00 - 190.00<br>
</u></div>
<div><u><br>
</u></div>
<u><span></span><br>
</u></div>
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<div><u><span style="font-family:"Courier New",monospace; font-size:10pt"></span></u></div>
<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>
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