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Note: Markets in the U.S. were closed Thursday for the Thanksgiving holiday. A report is being sent today because of a few changes in the Ontario basis values.</div>
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Thank you</div>
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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, November 26</u>
<div><u>U.S. markets were closed for the Thanksgiving holiday.</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3017 up 0.0016</u></div>
<div><u>Chicago corn closed slightly to moderately lower on Nov 25.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 4.34 3/4 DEC21 HI 4.13 1/2</u></div>
<div><u> LOW 4.27 1/4 LOW 4.10</u></div>
<div><u> CLOSE4.27 1/2 Down 5 CLOSE 4.10 3/4 Down 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 1.23 5.51 216.72 0.90 5.01 197.14</u></div>
<div><u>CK High 1.30 5.58 219.48 0.95 5.06 199.10</u></div>
<div><u>CK Avg 1.27 -0.02 5.54 218.10 0.91 -0.25 5.02 197.46</u></div>
<div><u>Essex Cty 1.30 5.58 219.48 0.90 5.01 197.14</u></div>
<div><u>Mdsx Low 1.23 5.51 216.72 0.90 5.01 197.14</u></div>
<div><u>Mdsx High 1.30 5.58 219.48 0.90 5.01 197.14</u></div>
<div><u>Mdsx Avg 1.27 -0.02 5.54 218.10 0.90 -0.26 5.01 197.14</u></div>
<div><u>Hensall 1.31 5.59 219.87 0.92 5.02 197.79</u></div>
<div><u>Bruce 1.30 5.58 219.48 0.90 5.01 197.14</u></div>
<div><u>Putnam 1.30 5.58 219.48 0.90 5.01 197.14</u></div>
<div><u>Burford 1.28 5.56 218.69 0.90 5.01 197.14</u></div>
<div><u>Port Perry 1.33 5.61 220.66 1.00 5.11 201.07</u></div>
<div><u>Norfolk 1.30 5.58 219.48 0.90 5.01 197.14</u></div>
<div><u>Palmerston 1.20 5.48 215.54 0.84 4.95 194.77</u></div>
<div><u>Varna 1.30 5.58 219.48 0.95 5.06 199.10</u></div>
<div><u>Trenton 1.38 5.66 222.63 0.95 5.06 199.10</u></div>
<div><u>Winchester 1.60 5.88 231.29 1.30 5.41 212.88</u></div>
<div><u>North Gower 1.38 5.66 222.63 1.25 5.36 210.92</u></div>
<div><u>Vankleek Hil 1.31 5.59 219.87 1.03 5.14 202.25</u></div>
<div><u>Huron FOB 1.43 1.54 1.56 1.60 5.71 224.60N/A</u></div>
<div><u>Kent FOB 1.40 5.68 223.41 0.95 5.06 199.10</u></div>
<div><u>Lamb FOB 1.38 5.66 222.63 1.05 5.16 203.04</u></div>
<div><u>Mdsx FOB 1.33 1.65N/A N/A 5.61 220.66 1.00 5.11 201.07</u></div>
<div><u>FOB SW Que 1.67 5.95 234.04N/A</u></div>
<div><u>Track 1.81 6.08 239.36N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.82 1.88 1.11 5.22 205.40</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.43 5.54 218.00</u></div>
<div><u>Aylmer-Eth 1.68 1.85 1.85 1.88 5.96 234.44 1.20 5.31 208.95</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 N/A N/A 1.25 5.36 210.92</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 1.40 5.51 216.82</u></div>
<div><u>W O Feed 1.88 6.15 242.23</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.93 6.21 244.28</u></div>
<div><u>Toledo El. 0.00 4.28 168.30 -0.26 3.85 151.46</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.73 6.01 236.41 1.00 5.11 201.07</u></div>
<div><u>Prescott 1.63 5.91 232.47 1.37 5.48 215.64</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 5.57 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3017 up 0.0016</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JAN21 HI 11.98 1/2 NOV21 HI 10.60</u></div>
<div><u> LOW 11.83 1/4 LOW 10.49 1/4</u></div>
<div><u> CLOSE11.84 Down 7 1/4 CLOSE 10.50 Down 6</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 3.05 14.89 547.11 2.44 12.94 475.46</u></div>
<div><u>CK High 3.10 14.94 548.95 2.50 13.00 477.67</u></div>
<div><u>CK Average 3.07 -0.39 14.91 547.79 2.47 -0.54 12.97 476.38</u></div>
<div><u>Essex Cty 3.05 14.89 547.11 2.45 12.95 475.83</u></div>
<div><u>Mdsx Low 3.05 14.89 547.11 2.45 12.95 475.83</u></div>
<div><u>Mdsx High 3.07 14.91 547.85 2.45 12.95 475.83</u></div>
<div><u>Mdsx Average3.06 -0.39 14.90 547.48 2.45 -0.55 12.95 475.83</u></div>
<div><u>Hensall 3.08 14.92 548.34 2.48 12.98 477.06</u></div>
<div><u>Bruce 3.10 14.94 548.95 2.50 13.00 477.67</u></div>
<div><u>Putnam 3.05 14.89 547.11 2.45 12.95 475.83</u></div>
<div><u>Burford 3.14 14.98 550.42 2.52 13.02 478.40</u></div>
<div><u>Port Perry 3.06 14.90 547.48 2.44 12.94 475.46</u></div>
<div><u>Norfolk 3.05 14.89 547.11 2.45 12.95 475.83</u></div>
<div><u>Palmerston 2.98 14.82 544.54 2.42 12.92 474.73</u></div>
<div><u>Varna 3.10 14.94 548.95 2.50 13.00 477.67</u></div>
<div><u>Trenton 3.10 14.94 548.95 2.50 13.00 477.67</u></div>
<div><u>Winchester 3.18 15.02 551.89 2.67 13.17 483.91</u></div>
<div><u>North Gower 2.87 14.71 540.50 2.62 13.12 482.08</u></div>
<div><u>Vankleek Hil2.87 14.71 540.50 2.54 13.04 479.14</u></div>
<div><u>Huron FOB 3.22 3.28 3.30 3.37 15.06 553.36 N/A</u></div>
<div><u>Kent FOB 3.10 14.94 548.95 2.45 12.95 475.83</u></div>
<div><u>Lambton FOB 3.15 14.99 550.79 2.60 13.10 481.34</u></div>
<div><u>Mdsx FOB 3.27 3.33 3.33 3.33 15.11 555.20 2.57 13.07 480.24</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.31 15.15 556.67 2.84 13.34 490.16</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.60 15.44 567.32 2.95 13.45 494.20</u></div>
<div><u>Prescott 3.14 14.98 550.42 2.80 13.30 488.69</u></div>
<div><u>Port Colborn3.61 15.45 567.69 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 11.84 435.05 -0.46 10.04 369.07</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3017 up 0.0016</u></div>
<div><u>Chicago wheat closed lower.</u></div>
<div><u>DEC20 HI 6.16 1/2 JUL21 HI 6.15</u></div>
<div><u> LOW 5.87 LOW 5.95 1/4</u></div>
<div><u> CLOSE 5.88 1/4 Down 23 CLOSE 5.97 Down 15</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>DEC20 HI 5.57 1/4 SEP21 HI 5.97</u></div>
<div><u> LOW 5.42 1/4 LOW 5.80 1/4</u></div>
<div><u> CLOSE 5.43 1/2 Down 7 1/4 CLOSE 5.84 3/4 Down 9 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 1.25 1.45 1.25 1.12</u></div>
<div><u>CAD $/bu 7.14 7.33 7.14 6.55</u></div>
<div><u>CAD $/tonne 262.22 269.39 262.22 240.81</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 1.32 1.25 1.19 N/A 1.38 1.38 1.08 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 1.15 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 1.23 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 1.23 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Brigden N/A N/A 1.23 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Palmerston N/A 1.19 0.99 1.31 N/A 1.36 1.03 1.18</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 1.45 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 1.65 N/A N/A N/A 1.56 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.77 N/A N/A N/A 1.93 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.76US 7.50CA 5.92US 7.70CA</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 1.47 1.60 1.28 0.92</u></div>
<div><u>CAD $/bu 7.44 7.57 7.25 6.76</u></div>
<div><u>CAD $/tonne 273.50 278.29 266.33 248.52</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 634.83</u></div>
<div><u>DDG's FOB Srn & Aylm 305.00</u></div>
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<span style="font-size:10.0pt;font-family:"Courier New"">Blair Andrews<o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">University of Guelph, Ridgetown Campus<o:p> </o:p></span></p>
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