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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, November 18</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.305 down 0.0029</u></div>
<div><u>Chicago corn closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> DEC20 HI 4.28 1/2 DEC21 HI 4.11 1/2</u></div>
<div><u> LOW 4.18 1/2 LOW 4.06</u></div>
<div><u> CLOSE4.25 3/4 Up 5 1/2 CLOSE 4.09 Up 1 1/2</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS</u></div>
<div><u>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +MAR21+MAR21+MAR21</u></div>
<div><u>CK Low 1.30 5.56 218.79 0.90 4.99 196.45</u></div>
<div><u>CK High 1.30 5.56 218.79 0.95 5.04 198.42</u></div>
<div><u>CK Avg 1.30 0.00 5.56 218.79 0.91 -0.25 5.00 196.78</u></div>
<div><u>Essex Cty 1.30 5.56 218.79 0.90 4.99 196.45</u></div>
<div><u>Mdsx Low 1.30 5.56 218.79 0.90 4.99 196.45</u></div>
<div><u>Mdsx High 1.30 5.56 218.79 0.90 4.99 196.45</u></div>
<div><u>Mdsx Avg 1.30 0.00 5.56 218.79 0.90 -0.26 4.99 196.45</u></div>
<div><u>Hensall 1.32 5.57 219.45 0.92 5.01 197.10</u></div>
<div><u>Bruce 1.30 5.56 218.79 0.95 5.04 198.42</u></div>
<div><u>Putnam 1.30 5.56 218.79 0.90 4.99 196.45</u></div>
<div><u>Burford 1.35 5.61 220.76 0.90 4.99 196.45</u></div>
<div><u>Port Perry 1.40 5.66 222.73 1.00 5.09 200.38</u></div>
<div><u>Norfolk 1.30 5.56 218.79 0.90 4.99 196.45</u></div>
<div><u>Palmerston 1.29 5.55 218.40 0.87 4.96 195.27</u></div>
<div><u>Varna 1.30 5.56 218.79 0.90 4.99 196.45</u></div>
<div><u>Trenton 1.45 5.71 224.69 0.95 5.04 198.42</u></div>
<div><u>Winchester 1.55 5.81 228.63 1.25 5.34 210.23</u></div>
<div><u>North Gower 1.45 5.71 224.69 1.25 5.34 210.23</u></div>
<div><u>Vankleek Hil 1.38 5.64 221.94 1.03 5.12 201.57</u></div>
<div><u>Huron FOB 1.39 1.51 1.53 1.57 5.65 222.33N/A</u></div>
<div><u>Kent FOB 1.40 5.66 222.73 0.95 5.04 198.42</u></div>
<div><u>Lamb FOB 1.45 5.71 224.69 1.05 5.14 202.35</u></div>
<div><u>Mdsx FOB 1.35 1.50 1.55 1.65 5.61 220.76N/A</u></div>
<div><u>FOB SW Que 1.79 6.05 238.08N/A</u></div>
<div><u>Track 1.85 6.11 240.44N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.57 1.63 1.13 5.22 205.50</u></div>
<div><u>Jhnstwn-Eth N/A 1.58 1.63 1.69 1.39 5.48 215.74</u></div>
<div><u>Aylmer-Eth 1.75 1.80 1.78 1.80 6.01 236.50 1.20 5.29 208.26</u></div>
<div><u>Sarn-Eth N/A 1.65 1.70 1.75 N/A</u></div>
<div><u>London-Ing N/A N/A 1.80 1.85 1.25 5.34 210.23</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.35 5.44 214.16</u></div>
<div><u>W O Feed 1.91 6.16 242.65</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.95 6.21 244.38</u></div>
<div><u>Toledo El. 0.00 4.26 167.61 -0.26 3.83 150.76</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.70 5.96 234.54 1.00 5.09 200.38</u></div>
<div><u>Prescott 1.70 5.96 234.54 1.37 5.46 214.95</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 5.55 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.305 down 0.0029</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN21 HI 11.89 3/4 NOV21 HI 10.56 1/2</u></div>
<div><u> LOW 11.67 3/4 LOW 10.43 3/4</u></div>
<div><u> CLOSE11.75 3/4 Up 6 CLOSE 10.51 1/2 Up 4 1/4</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP NEW CROP</u></div>
<div><u>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +JAN21+JAN21+MAR21</u></div>
<div><u>CK Low 3.00 14.76 542.25 2.50 13.02 478.22</u></div>
<div><u>CK High 3.05 14.81 544.08 2.55 13.07 480.06</u></div>
<div><u>CK Average 3.03 -0.42 14.79 543.41 2.51 -0.52 13.03 478.59</u></div>
<div><u>Essex Cty 3.00 14.76 542.25 2.50 13.02 478.22</u></div>
<div><u>Mdsx Low 3.00 14.76 542.25 2.50 13.02 478.22</u></div>
<div><u>Mdsx High 3.05 14.81 544.08 2.52 13.04 478.95</u></div>
<div><u>Mdsx Average3.03 -0.43 14.78 543.16 2.51 -0.52 13.03 478.59</u></div>
<div><u>Hensall 3.03 14.79 543.47 2.50 13.02 478.22</u></div>
<div><u>Bruce 3.05 14.81 544.08 2.50 13.02 478.22</u></div>
<div><u>Putnam 3.00 14.76 542.25 2.50 13.02 478.22</u></div>
<div><u>Burford 3.12 14.88 546.65 2.59 13.11 481.53</u></div>
<div><u>Port Perry 3.04 14.80 543.72 2.51 13.03 478.59</u></div>
<div><u>Norfolk 3.05 14.81 544.08 2.55 13.07 480.06</u></div>
<div><u>Palmerston 2.99 14.75 541.88 2.52 13.04 478.95</u></div>
<div><u>Varna 3.05 14.81 544.08 2.50 13.02 478.22</u></div>
<div><u>Trenton 3.00 14.76 542.25 2.50 13.02 478.22</u></div>
<div><u>Winchester 3.13 14.89 547.02 2.69 13.21 485.20</u></div>
<div><u>North Gower 2.87 14.63 537.47 2.52 13.04 478.95</u></div>
<div><u>Vankleek Hil2.87 14.63 537.47 2.54 13.06 479.69</u></div>
<div><u>Huron FOB 3.05 3.31 3.33 3.22 14.81 544.08 N/A</u></div>
<div><u>Kent FOB 3.15 14.91 547.76 2.55 13.07 480.06</u></div>
<div><u>Lambton FOB 3.25 15.01 551.43 2.70 13.22 485.57</u></div>
<div><u>Mdsx FOB 3.31 3.37 3.37 3.37 15.07 553.64 2.58 13.10 481.16</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor N/A 2.89 13.41 492.55</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.60 15.36 564.29 2.95 13.47 494.75</u></div>
<div><u>Prescott 3.14 14.90 547.39 2.80 13.32 489.24</u></div>
<div><u>Port Colborn3.65 15.41 566.13 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 11.76 432.01 -0.46 10.06 369.60</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.305 down 0.0029</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>DEC20 HI 6.04 1/4 JUL21 HI 6.08 3/4</u></div>
<div><u> LOW 5.92 1/2 LOW 6.00 1/4</u></div>
<div><u> CLOSE 5.97 3/4 Up 2 1/2 CLOSE 6.05 1/4 Up 1</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>DEC20 HI 5.53 1/4 SEP21 HI 5.92</u></div>
<div><u> LOW 5.46 1/4 LOW 5.87 1/4</u></div>
<div><u> CLOSE 5.50 1/4 Up 1 1/2 CLOSE 5.90 Up 1 3/4</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.37 1.56 1.37 1.22</u></div>
<div><u>CAD $/bu 7.34 7.54 7.34 6.72</u></div>
<div><u>CAD $/tonne 269.84 277.03 269.84 247.06</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2020 Harvest 2021</u></div>
<div><u> DELIVERED BASIS DELIVERED BASIS</u></div>
<div><u>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)</u></div>
<div><u>ELEVATORS</u></div>
<div><u>Brgssvll N/A N/A 1.20 N/A N/A N/A 1.10 N/A</u></div>
<div><u>London 1.19 1.26 1.12 N/A 1.41 1.41 1.11 N/A</u></div>
<div><u>Hensall 1.35 N/A 1.20 N/A 1.35 N/A 1.10 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.10 N/A</u></div>
<div><u>Bruce 1.30 1.30 1.20 1.35 1.30 1.30 1.10 1.25</u></div>
<div><u>Essex N/A N/A 1.20 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Norwich 1.35 N/A 1.20 N/A 1.35 N/A 1.10 N/A</u></div>
<div><u>Port Hope N/A N/A 1.15 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Kent Bridge 1.35 N/A 1.20 N/A 1.35 N/A 1.10 N/A</u></div>
<div><u>Chatham N/A N/A 1.20 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Brigden N/A N/A 1.20 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Palmerston N/A 1.23 1.04 1.35 N/A 1.43 1.10 1.20</u></div>
<div><u>Varna 1.35 1.40 1.20 N/A 1.30 1.30 1.10 N/A</u></div>
<div><u>Mitchell 1.35 1.45 1.20 N/A 1.35 1.40 1.10 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.48 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.25 1.15 0.85 N/A 1.47 1.17 0.80</u></div>
<div><u>W O Feed 1.76</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.59 N/A N/A N/A 1.58 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.82 N/A N/A N/A 1.96 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.78US 7.54CA 6.00US 7.82CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 21 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.56 1.69 1.39 1.01</u></div>
<div><u>CAD $/bu 7.61 7.74 7.44 6.91</u></div>
<div><u>CAD $/tonne 279.71 284.49 273.48 253.74</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS</u></div>
<div><u>FOB Hm Soymeal 639.24</u></div>
<div><u>DDG's FOB Srn & Aylm 300.00</u></div>
<br>
---</div>
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<span style="color: rgb(0, 0, 0); font-family: "Courier New", monospace; font-size: 10pt;">Ontario Grain Market Commentary for November 18, 2020</span><br>
</div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
By Todd Austin, Grain Farmers of Ontario</div>
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<br>
</div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div>Wednesday, November 18, 2020<br>
</div>
<div>COMMODITY PERIOD PRICE WEEKLY MOVEMENT</div>
<div>Corn CBOT Dec 4.25 取 ∟ 8 卦 Cents</div>
<div>Soybeans CBOT Jan 11.75 取 ∟ 23 卹 Cents</div>
<div>Wheat CBOT Dec 5.97 取 ⊿ 卹 Cent</div>
<div>Wheat Minn. Dec 5.50 卹 ⊿ 4 取 Cents</div>
<div>Wheat Kansas Dec 5.57 取 ∟ 3 卦 Cents</div>
<div>Oats CBOT Dec 2.97 卦 ⊿ 6 卹 Cents</div>
<div></div>
<div>Canadian $ Sept 0.7663 ∟ 10 Points</div>
<div><br>
</div>
<div><br>
</div>
<div>CORN: </div>
<div>The US corn harvest is more or less complete as approximately 95% of the crop has been harvested. Favourable weather conditions have helped with the harvest pace this year as harvest is well ahead of the 5-year average of 87%.</div>
<div>According to the US department of Agriculture, total corn use for ethanol production in September dropped 3% from August, and 1% from last September. Markets will be watching the Thanksgiving holiday gas demand as a bellwether for ethanol demand during
the remainder of 2020 and into the new year.</div>
<div><br>
</div>
<div>SOYBEANS: </div>
<div>US soybean harvest is 96% complete, just slightly ahead of the 5-year average of 93%. A number of states are reported to be 100% complete.</div>
<div>Soybeans futures have made new highs recently on strong demand from exporters and domestic users. The fact that recent USDA reports are indicating a tightening of stocks is also a factor in the stronger Chicago prices.</div>
<div><br>
</div>
<div>WHEAT:</div>
<div>The USDA has rated the US winter wheat crop as 46% good-to-excellent, up one percentage point from last week. Emergence is 85%, also up 1% from the previous week.</div>
<div>Prolonged drought in Argentina has that country lowering its wheat production forecast. Current estimates place wheat production at 16.7 million tonnes as 600,000 ha (1.48 million acres) have been abandoned. Argentina＊s wheat production last year was
19.7 million tonnes.</div>
<div>2020 crop year prices for November 18, 2020, at the market close, are as follows:</div>
<div><br>
</div>
<div>SWW at $269.84/mt ($7.34/bu), HRW at $277.03/mt ($7.54/bu) + protein, </div>
<div>HRS at $ 247.06/mt ($6.72/bu) + protein, and SRW at $269.84/mt ($7.34/bu).</div>
<div><br>
</div>
<div>We offer on farm bids for 2020 wheat and 2021 harvest prices as well, please call
</div>
<div>1-800-265-0550 for more information.</div>
<div><br>
</div>
<div>---</div>
<div><br>
</div>
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<p class="MsoNoSpacing" 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<o:p> </o:p></span></p>
<p class="MsoNoSpacing" 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
<o:p> </o:p></span></p>
<p class="MsoNoSpacing" 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<o:p> </o:p></span></p>
<p class="MsoNoSpacing" 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 class="MsoNoSpacing" 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><o:p> </o:p></span></p>
<p class="MsoNoSpacing" 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
<o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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