<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"> P {margin-top:0;margin-bottom:0;} </style>
</head>
<body dir="ltr">
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, November 25<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 1.3305 up 0.0011<br>
</u></div>
<div><u>Chicago corn closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> DEC19 HI 3.72 3/4 DEC20 HI 3.96<br>
</u></div>
<div><u> LOW 3.68 1/4 LOW 3.92 1/2<br>
</u></div>
<div><u> CLOSE3.70 1/2 Up 1 3/4 CLOSE 3.95 1/2 Up 3<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 5.06 199.01 0.90 4.86 191.13<br>
</u></div>
<div><u>CK High 1.35 5.06 199.01 0.95 4.91 193.10<br>
</u></div>
<div><u>CK Avg 1.35 0.09 5.06 199.01 0.91 -0.30 4.86 191.46<br>
</u></div>
<div><u>Essex Cty 1.35 5.06 199.01 0.90 4.86 191.13<br>
</u></div>
<div><u>Mdsx Low 1.35 5.06 199.01 0.90 4.86 191.13<br>
</u></div>
<div><u>Mdsx High 1.35 5.06 199.01 0.90 4.86 191.13<br>
</u></div>
<div><u>Mdsx Avg 1.35 0.09 5.06 199.01 0.90 -0.31 4.86 191.13<br>
</u></div>
<div><u>Hensall 1.38 5.08 199.99 0.93 4.88 192.12<br>
</u></div>
<div><u>Bruce 1.35 5.06 199.01 0.90 4.86 191.13<br>
</u></div>
<div><u>Putnam 1.35 5.06 199.01 0.90 4.86 191.13<br>
</u></div>
<div><u>Burford 1.35 5.06 199.01 0.90 4.86 191.13<br>
</u></div>
<div><u>Port Perry 1.35 5.06 199.01 0.90 4.86 191.13<br>
</u></div>
<div><u>Norfolk 1.35 5.06 199.01 0.90 4.86 191.13<br>
</u></div>
<div><u>Palmerston 1.36 5.07 199.40 0.90 4.86 191.13<br>
</u></div>
<div><u>Varna 1.35 5.06 199.01 0.90 4.86 191.13<br>
</u></div>
<div><u>Trenton 1.35 5.06 199.01 0.90 4.86 191.13<br>
</u></div>
<div><u>Winchester 1.42 5.13 201.76 0.92 4.88 191.92<br>
</u></div>
<div><u>North Gower 1.43 5.14 202.16 1.10 5.06 199.01<br>
</u></div>
<div><u>Huron FOB 1.40 5.11 200.97 0.95 4.91 193.10<br>
</u></div>
<div><u>Kent FOB 1.35 5.06 199.01 0.95 4.91 193.10<br>
</u></div>
<div><u>Lamb FOB 1.35 5.06 199.01 1.00 4.96 195.07<br>
</u></div>
<div><u>Mdsx FOB 1.40 1.40 1.00N/A 5.11 200.97 1.00 4.96 195.07<br>
</u></div>
<div><u>FOB SW Que 1.95 5.66 222.63N/A<br>
</u></div>
<div><u>Track 1.66 5.36 211.01N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.17 5.13 201.76<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.42 5.38 211.60<br>
</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A 1.15 5.11 200.97<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 5.21 204.91<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 5.26 206.88<br>
</u></div>
<div><u>W O Feed 1.85 5.56 218.69<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.33 6.04 237.59<br>
</u></div>
<div><u>Toledo El. 0.40 4.10 161.57 -0.27 3.69 145.22<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.31 208.85N/A<br>
</u></div>
<div><u>Prescott 1.50 5.21 204.91N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.35 5.05 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 1.3305 up 0.0011<br>
</u></div>
<div><u>Chicago soybeans closed mixed.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JAN20 HI 9.02 1/2 NOV20 HI 9.46 1/4<br>
</u></div>
<div><u> LOW 8.92 LOW 9.40 3/4<br>
</u></div>
<div><u> CLOSE8.92 1/2 Down 4 1/2 CLOSE 9.41 3/4 Down 3/4<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 2.28 11.21 411.712.23 11.65 427.97<br>
</u></div>
<div><u>CK High 2.35 11.28 414.292.25 11.67 428.71<br>
</u></div>
<div><u>CK Average 2.31 -0.4811.23 412.632.25 -0.6511.66 428.58<br>
</u></div>
<div><u>Essex Cty 2.30 11.23 412.452.25 11.67 428.71<br>
</u></div>
<div><u>Mdsx Low 2.26 11.19 410.982.21 11.63 427.24<br>
</u></div>
<div><u>Mdsx High 2.30 11.23 412.452.25 11.67 428.71<br>
</u></div>
<div><u>Mdsx Average 2.28 -0.5011.21 411.712.23 -0.6611.65 427.97<br>
</u></div>
<div><u>Hensall 2.30 11.23 412.452.23 11.64 427.79<br>
</u></div>
<div><u>Bruce 2.25 11.18 410.612.25 11.67 428.71<br>
</u></div>
<div><u>Putnam 2.30 11.23 412.452.25 11.67 428.71<br>
</u></div>
<div><u>Burford 2.33 11.26 413.552.28 11.70 429.81<br>
</u></div>
<div><u>Port Perry 2.28 11.21 411.712.23 11.65 427.97<br>
</u></div>
<div><u>Norfolk 2.30 11.23 412.452.25 11.67 428.71<br>
</u></div>
<div><u>Palmerston 2.29 11.22 412.082.30 11.72 430.54<br>
</u></div>
<div><u>Varna 2.30 11.23 412.452.20 11.62 426.87<br>
</u></div>
<div><u>Trenton 2.30 11.23 412.452.20 11.62 426.87<br>
</u></div>
<div><u>Winchester 2.29 11.22 412.082.25 11.67 428.71<br>
</u></div>
<div><u>North Gower 2.26 11.19 410.982.28 11.70 429.81<br>
</u></div>
<div><u>Huron FOB 2.45 11.38 417.962.30 11.72 430.54<br>
</u></div>
<div><u>Kent FOB 2.50 11.43 419.802.25 11.67 428.71<br>
</u></div>
<div><u>Lambton FOB 2.50 11.43 419.802.30 11.72 430.54<br>
</u></div>
<div><u>Middlesex FOB2.49 2.43 N/A N/A 11.42 419.432.36 11.78 432.75<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 2.68 11.61 426.412.58 12.00 440.83<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.85 11.78 432.662.70 12.12 445.24<br>
</u></div>
<div><u>Prescott 2.40 11.33 416.12 N/A<br>
</u></div>
<div><u>Port Colborne2.90 11.83 434.492.66 12.08 443.77<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.13 8.79 323.05-0.47 8.95 328.92<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3305 up 0.0011<br>
</u></div>
<div><u>Chicago wheat closed moderately higher to higher.<br>
</u></div>
<div><u>DEC19 HI 5.32 1/2 JUL20 HI 5.37 1/4<br>
</u></div>
<div><u> LOW 5.15 LOW 5.24<br>
</u></div>
<div><u> CLOSE 5.31 Up 15 3/4 CLOSE 5.36 Up 12<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.<br>
</u></div>
<div><u>DEC19 HI 4.99 3/4 SEP20 HI 5.42 1/4<br>
</u></div>
<div><u> LOW 4.92 1/4 LOW 5.39 3/4<br>
</u></div>
<div><u> CLOSE 4.98 1/4 Up 5 1/2 CLOSE 5.41 Up 3 3/4<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 2.22 2.42 2.09 1.25<br>
</u></div>
<div><u>CAD $/bu 7.53 7.73 7.40 6.23<br>
</u></div>
<div><u>CAD $/tonne 276.70 284.04 271.81 228.91<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 1.70 N/A N/A N/A 1.15 N/A<br>
</u></div>
<div><u>London 1.85 2.11 1.72 N/A 1.41 1.68 1.21 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 1.76 1.51 N/A N/A 1.19 0.99<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 2.12 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 1.56 1.36 0.90<br>
</u></div>
<div><u>W O Feed 2.39<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor 2.19 2.46 2.13 N/A N/A N/A 1.61 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.15 N/A N/A N/A 1.77 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.46US 7.26CA 5.36US 7.13CA<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 1.57 1.84 1.51 0.99<br>
</u></div>
<div><u>CAD $/bu 6.93 7.20 6.87 6.40<br>
</u></div>
<div><u>CAD $/tonne 254.74 264.52 252.29 235.18<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 480.17<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 175.00 - 185.00<br>
</u></div>
<div><u><br>
</u></div>
<u><span></span><br>
</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<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: 10pt; font-family: "Courier New";">Fax. 519-674-1530<br>
<br>
<span style="background: rgb(253, 253, 253);">Click on this link:<span><span style="color:#333333"> </span></span></span><span style="color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span><span style="color:#333333;background:#FDFDFD"> </span><span style="background: rgb(253, 253, 253);"> to
unsubscribe from this report.</span><br>
<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>
<br>
</div>
<div id="Signature">
<div id="divtagdefaultwrapper" style="font-size:12pt; color:#000000; background-color:#FFFFFF; font-family:Calibri,Arial,Helvetica,sans-serif">
<div><u><span style="font-family:"Courier New",monospace; font-size:10pt"></span></u></div>
<u><br>
</u>
<p style="margin-top: 0px; margin-bottom: 0px;"></p>
<p style="margin-top: 0px; margin-bottom: 0px;"><br>
</p>
</div>
</div>
</body>
</html>