FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, November 25 (All Bases in CAD) Exchange rate was 1.3001 down 0.0004 Chicago corn closed slightly to moderately lower. MAR21 HI 4.34 3/4 DEC21 HI 4.13 1/2 LOW 4.27 1/4 LOW 4.10 CLOSE4.27 1/2 Down 5 CLOSE 4.10 3/4 Down 1 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +MAR21+MAR21+MAR21 CK Low 1.23 5.51 216.72 0.90 5.01 197.14 CK High 1.30 5.58 219.48 0.95 5.06 199.10 CK Avg 1.27 -0.01 5.54 218.10 0.91 -0.25 5.02 197.46 Essex Cty 1.30 5.58 219.48 0.90 5.01 197.14 Mdsx Low 1.23 5.51 216.72 0.90 5.01 197.14 Mdsx High 1.30 5.58 219.48 0.90 5.01 197.14 Mdsx Avg 1.27 -0.01 5.54 218.10 0.90 -0.25 5.01 197.14 Hensall 1.31 5.59 219.87 0.92 5.02 197.79 Bruce 1.30 5.58 219.48 0.90 5.01 197.14 Putnam 1.30 5.58 219.48 0.90 5.01 197.14 Burford 1.28 5.56 218.69 0.90 5.01 197.14 Port Perry 1.33 5.61 220.66 1.00 5.11 201.07 Norfolk 1.30 5.58 219.48 0.90 5.01 197.14 Palmerston 1.21 5.49 215.93 0.85 4.96 195.17 Varna 1.28 5.56 218.69 0.95 5.06 199.10 Trenton 1.38 5.66 222.63 0.95 5.06 199.10 Winchester 1.60 5.88 231.29 1.30 5.41 212.88 North Gower 1.38 5.66 222.63 1.25 5.36 210.92 Vankleek Hil 1.31 5.59 219.87 1.03 5.14 202.25 Huron FOB 1.43 1.54 1.56 1.60 5.71 224.60N/A Kent FOB 1.40 5.68 223.41 0.95 5.06 199.10 Lamb FOB 1.38 5.66 222.63 1.05 5.16 203.04 Mdsx FOB 1.33 1.65N/A N/A 5.61 220.66 1.00 5.11 201.07 FOB SW Que 2.00 6.28 247.04N/A Track 1.81 6.08 239.36N/A PROCESSORS Chat-Eth N/A N/A 1.82 1.88 1.11 5.22 205.40 Jhnstwn-Eth N/A N/A N/A N/A 1.43 5.54 218.00 Aylmer-Eth 1.68 1.85 1.85 1.88 5.96 234.44 1.20 5.31 208.95 Sarn-Eth N/A 1.65 1.70 1.75 N/A London-Ing N/A N/A N/A N/A 1.25 5.36 210.92 Pt.Colb-Ing N/A N/A N/A N/A N/A Cardnl-Ing N/A N/A N/A N/A 1.35 5.46 214.85 W O Feed 1.88 6.15 242.23 US Rep 1.93 6.21 244.28 Toledo El. -0.05 4.22 166.25 -0.26 3.85 151.47 TRANSFER Pt. Colb 1.73 6.01 236.41 1.00 5.11 201.07 Prescott 1.63 5.91 232.47 1.37 5.48 215.64 HI SD CRN 1.30 5.57 1/2 *Wet Bid Exchange rate was 1.3001 down 0.0004 Chicago soybeans closed slightly lower. JAN21 HI 11.98 1/2 NOV21 HI 10.60 LOW 11.83 1/4 LOW 10.49 1/4 CLOSE11.84 Down 7 1/4 CLOSE 10.50 Down 6 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt ELEVATORS +JAN21+JAN21+MAR21 CK Low 3.06 14.90 547.48 2.44 12.94 475.46 CK High 3.10 14.94 548.95 2.50 13.00 477.67 CK Average 3.09 -0.35 14.93 548.71 2.49 -0.50 12.99 477.30 Essex Cty 3.10 14.94 548.95 2.50 13.00 477.67 Mdsx Low 3.07 14.91 547.85 2.45 12.95 475.83 Mdsx High 3.10 14.94 548.95 2.50 13.00 477.67 Mdsx Average3.09 -0.36 14.93 548.40 2.48 -0.52 12.98 476.75 Hensall 3.10 14.94 548.95 2.50 13.00 477.67 Bruce 3.10 14.94 548.95 2.50 13.00 477.67 Putnam 3.10 14.94 548.95 2.50 13.00 477.67 Burford 3.14 14.98 550.42 2.52 13.02 478.40 Port Perry 3.06 14.90 547.48 2.44 12.94 475.46 Norfolk 3.10 14.94 548.95 2.50 13.00 477.67 Palmerston 3.01 14.85 545.64 2.46 12.96 476.20 Varna 3.10 14.94 548.95 2.50 13.00 477.67 Trenton 3.10 14.94 548.95 2.50 13.00 477.67 Winchester 3.18 15.02 551.89 2.67 13.17 483.91 North Gower 2.87 14.71 540.50 2.62 13.12 482.08 Vankleek Hil2.87 14.71 540.50 2.54 13.04 479.14 Huron FOB 3.22 3.28 3.30 3.37 15.06 553.36 N/A Kent FOB 3.15 14.99 550.79 2.50 13.00 477.67 Lambton FOB 3.15 14.99 550.79 2.60 13.10 481.34 Mdsx FOB 3.27 3.33 3.33 3.33 15.11 555.20 2.57 13.07 480.24 PROCESSORS Windsor 3.30 15.14 556.30 2.83 13.33 489.79 TRANSFER Hamilton 3.60 15.44 567.32 2.95 13.45 494.20 Prescott 3.14 14.98 550.42 2.80 13.30 488.69 Port Colborn3.61 15.45 567.69 N/A Toledo El. 0.00 11.84 435.05 -0.45 10.05 369.10 Exchange rate was 1.3001 down 0.0004 Chicago wheat closed lower. DEC20 HI 6.16 1/2 JUL21 HI 6.15 LOW 5.87 LOW 5.95 1/4 CLOSE 5.88 1/4 Down 23 CLOSE 5.97 Down 15 Minni wheat closed moderately lower. DEC20 HI 5.57 1/4 SEP21 HI 5.97 LOW 5.42 1/4 LOW 5.80 1/4 CLOSE 5.43 1/2 Down 7 1/4 CLOSE 5.84 3/4 Down 9 3/4 GFO Cash Wheat Prices - DEL Terminal Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.31 1.51 1.31 1.18 CAD $/bu 7.19 7.39 7.19 6.61 CAD $/tonne 264.28 271.45 264.28 242.90 Direct MarkHarvest 2020 Harvest 2021 DELIVERED BASIS DELIVERED BASIS Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M) ELEVATORS Brgssvll N/A N/A 1.20 N/A N/A N/A 1.10 N/A London 1.32 1.25 1.19 N/A 1.38 1.38 1.08 N/A Hensall 1.35 N/A 1.20 N/A 1.35 N/A 1.10 N/A Trenton N/A N/A N/A N/A N/A N/A 1.15 N/A Bruce 1.30 1.30 1.20 1.35 1.30 1.30 1.10 1.25 Essex N/A N/A 1.23 N/A N/A N/A 1.10 N/A Norwich 1.35 N/A 1.20 N/A 1.35 N/A 1.10 N/A Port Hope N/A N/A 1.15 N/A N/A N/A 1.10 N/A Kent Bridge 1.35 N/A 1.20 N/A 1.35 N/A 1.10 N/A Chatham N/A N/A 1.23 N/A N/A N/A 1.10 N/A Brigden N/A N/A 1.23 N/A N/A N/A 1.15 N/A Palmerston N/A 1.26 1.07 1.35 N/A 1.41 1.09 1.20 Varna 1.35 1.40 1.20 N/A 1.30 1.30 1.10 N/A Mitchell 1.35 1.45 1.20 N/A 1.35 1.40 1.10 N/A Thornton N/A N/A N/A 1.45 N/A N/A N/A N/A North Gower N/A 1.25 1.15 0.85 N/A 1.47 1.17 0.80 W O Feed 1.76 TERMINAL Port Colbor N/A N/A 1.65 N/A N/A N/A 1.56 N/A PROCESSORS Toledo FM N/A N/A 1.77 N/A N/A N/A 1.92 N/A Toledo El. 5.68US 7.39CA 5.92US 7.69CA GFO Contract Wheat Prices - DEL Terminal Harvest 21 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.52 1.65 1.35 0.97 CAD $/bu 7.49 7.62 7.32 6.82 CAD $/tonne 275.04 279.82 268.83 250.57 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 634.83 DDG's FOB Srn & Aylm 305.00