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Note: Markets in the U.S. were closed for the Thanksgiving Holiday.</div>
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A report is being sent today due to a few changes in basis, primarily for soybeans and wheat.</div>
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Thank you.</div>
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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, November 25</u>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2649 down 0.0021</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> DEC21 HI 5.89 DEC22 HI 5.65</u></div>
<div><u> LOW 5.75 1/2 LOW 5.57</u></div>
<div><u> CLOSE5.79 3/4 Down 3/4 CLOSE 5.58 1/4 Down 1 1/4</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 +MAR22+MAR22+MAR22</u></div>
<div><u>CK Low 1.15 6.95 273.51 0.90 6.48 255.20</u></div>
<div><u>CK High 1.26 7.06 277.84 0.95 6.53 257.17</u></div>
<div><u>CK Avg 1.21 -0.26 7.01 275.87 0.94 -0.42 6.53 256.89</u></div>
<div><u>Essex Cty 1.26 7.06 277.84 0.95 6.53 257.17</u></div>
<div><u>Mdsx Low 1.20 7.00 275.48 0.95 6.53 257.17</u></div>
<div><u>Mdsx High 1.20 7.00 275.48 0.95 6.53 257.17</u></div>
<div><u>Mdsx Avg 1.20 -0.27 7.00 275.48 0.95 -0.42 6.53 257.17</u></div>
<div><u>Hensall 1.22 7.01 276.14 1.02 6.60 259.80</u></div>
<div><u>Bruce 1.20 7.00 275.48 0.95 6.53 257.17</u></div>
<div><u>Putnam 1.20 7.00 275.48 1.00 6.58 259.14</u></div>
<div><u>Burford 1.20 7.00 275.48 0.95 6.53 257.17</u></div>
<div><u>Port Perry 1.20 7.00 275.48 1.00 6.58 259.14</u></div>
<div><u>Norfolk 1.26 7.06 277.84 0.95 6.53 257.17</u></div>
<div><u>Palmerston 1.16 6.96 273.90 1.00 6.58 259.14</u></div>
<div><u>Varna 1.20 7.00 275.48 1.00 6.58 259.14</u></div>
<div><u>Belmore 1.20 7.00 275.48 1.00 6.58 259.14</u></div>
<div><u>Trenton 1.25 7.05 277.45 1.05 6.63 261.11</u></div>
<div><u>Winchester 1.45 7.25 285.32 1.25 6.83 268.98</u></div>
<div><u>North Gower 1.50 7.30 287.29 1.20 6.78 267.02</u></div>
<div><u>Vankleek Hil 1.57 7.37 290.05 1.20 6.78 267.02</u></div>
<div><u>Huron FOB 1.20 1.33 1.40 1.45 7.00 275.48N/A</u></div>
<div><u>Kent FOB 1.26 7.06 277.84 1.05 6.63 261.11</u></div>
<div><u>Lamb FOB 1.25 7.05 277.45 1.20 6.78 267.02</u></div>
<div><u>Mdsx FOB 1.10 1.30 1.40 1.45 6.90 271.54 1.10 6.68 263.08</u></div>
<div><u>FOB SW Que 1.87 7.67 301.86N/A</u></div>
<div><u>Track 1.70 7.50 295.16N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.37 6.95 273.71</u></div>
<div><u>Jhnstwn-Eth N/A N/A 1.97 2.02 1.64 7.22 284.34</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Sarn-Eth N/A N/A 1.50 1.55 N/A</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.40 6.98 274.89</u></div>
<div><u>Cardnl-Ing N/A N/A 1.95 2.00 1.55 7.13 280.79</u></div>
<div><u>W O Feed 1.78 7.58 298.31</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.80 7.60 299.10</u></div>
<div><u>Toledo El. -0.32 5.48 215.79 -0.32 5.27 207.32</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.40 7.20 283.35 1.35 6.93 272.92</u></div>
<div><u>Prescott 1.95 7.75 305.01 1.65 7.23 284.73</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.26 7.05 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 1.2649 down 0.0021</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JAN22 HI 12.81 NOV22 HI 12.59 1/4</u></div>
<div><u> LOW 12.63 1/4 LOW 12.46 1/4</u></div>
<div><u> CLOSE12.66 1/2 Down 6 1/2 CLOSE 12.49 3/4 Down 3 3/4</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 +JAN22+JAN22+MAR22</u></div>
<div><u>CK Low 2.90 15.57 571.92 2.55 15.05 552.90</u></div>
<div><u>CK High 3.00 15.67 575.59 2.70 15.20 558.41</u></div>
<div><u>CK Average 2.97 -0.30 15.64 574.49 2.61 -0.56 15.10 554.95</u></div>
<div><u>Essex Cty 3.00 15.67 575.59 2.55 15.05 552.90</u></div>
<div><u>Mdsx Low 2.90 15.57 571.92 2.60 15.10 554.74</u></div>
<div><u>Mdsx High 3.03 15.70 576.69 2.63 15.13 555.84</u></div>
<div><u>Mdsx Average2.97 -0.31 15.63 574.30 2.62 -0.55 15.11 555.29</u></div>
<div><u>Hensall 2.97 15.63 574.37 2.60 15.10 554.74</u></div>
<div><u>Bruce 2.95 15.62 573.75 2.65 15.15 556.58</u></div>
<div><u>Putnam 2.90 15.57 571.92 2.60 15.10 554.74</u></div>
<div><u>Burford 3.10 15.77 579.26 2.70 15.20 558.41</u></div>
<div><u>Port Perry 2.98 15.65 574.86 2.58 15.08 554.00</u></div>
<div><u>Norfolk 3.00 15.67 575.59 2.60 15.10 554.74</u></div>
<div><u>Palmerston 2.91 15.58 572.28 2.46 14.96 549.59</u></div>
<div><u>Varna 3.00 15.67 575.59 2.60 15.10 554.74</u></div>
<div><u>Trenton 2.95 15.62 573.75 2.65 15.15 556.58</u></div>
<div><u>Winchester 3.00 15.67 575.59 2.65 15.15 556.58</u></div>
<div><u>North Gower 2.87 15.54 570.81 2.72 15.22 559.15</u></div>
<div><u>Vankleek Hil3.13 15.80 580.37 2.82 15.32 562.82</u></div>
<div><u>Huron FOB 3.23 3.29 3.35 3.42 15.90 584.04 N/A</u></div>
<div><u>Kent FOB 3.30 15.97 586.61 2.60 15.10 554.74</u></div>
<div><u>Lambton FOB 3.20 15.87 582.94 2.75 15.25 560.25</u></div>
<div><u>Mdsx FOB 3.10 3.28 3.35 3.31 15.77 579.26 2.78 15.28 561.35</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.67 16.34 600.21 2.87 15.37 564.66</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.60 16.27 597.64 3.00 15.50 569.44</u></div>
<div><u>Prescott 3.45 16.12 592.12 3.14 15.64 574.58</u></div>
<div><u>Port Colborn3.38 16.05 589.55 3.19 15.69 576.42</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 12.41 456.06 -0.51 11.99 440.61</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2649 down 0.0021</u></div>
<div><u>Chicago wheat closed moderately lower to lower.</u></div>
<div><u>DEC21 HI 8.63 1/4 JUL22 HI 8.63</u></div>
<div><u> LOW 8.33 1/2 LOW 8.38 1/2</u></div>
<div><u> CLOSE 8.36 3/4 Down 19 1/4 CLOSE 8.43 1/4 Down 15</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>DEC21 HI 10.47 3/4 SEP22 HI 9.49 1/4</u></div>
<div><u> LOW 10.27 1/2 LOW 9.38 1/4</u></div>
<div><u> CLOSE 10.36 3/4 Down 1 1/2 CLOSE 9.44 1/4 Up 1</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2021 Harvest 2022</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 1.65 N/A</u></div>
<div><u>London 1.28 1.66 1.21 N/A 1.85 1.85 1.65 N/A</u></div>
<div><u>Hensall 1.24 N/A 1.24 N/A 2.25 N/A 1.65 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.65 N/A</u></div>
<div><u>Bruce 1.00 N/A 1.00 N/A 2.00 1.85 1.65 1.30</u></div>
<div><u>Essex N/A N/A 1.20 N/A N/A N/A 1.65 N/A</u></div>
<div><u>Norwich 1.24 N/A 1.24 N/A 2.25 N/A 1.65 N/A</u></div>
<div><u>Port Hope N/A N/A 1.20 N/A N/A N/A 1.65 N/A</u></div>
<div><u>Kent Bridge 1.24 N/A 1.24 N/A 2.25 N/A 1.65 N/A</u></div>
<div><u>Chatham N/A N/A 1.20 N/A N/A N/A 1.70 N/A</u></div>
<div><u>Brigden N/A N/A 1.20 N/A N/A N/A 1.70 N/A</u></div>
<div><u>Palmerston N/A N/A 1.22 1.86 N/A N/A 1.61 1.82</u></div>
<div><u>Varna 1.45 1.95 1.20 N/A 2.25 1.85 1.70 N/A</u></div>
<div><u>Mitchell 1.24 1.79 1.24 N/A 2.25 1.90 1.65 N/A</u></div>
<div><u>Thornton 1.28 1.66 1.21 1.63 1.85 1.85 1.65 N/A</u></div>
<div><u>North Gower N/A 0.85 1.25 1.17 N/A N/A 1.36 N/A</u></div>
<div><u>W O Feed 2.18</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.79 N/A N/A N/A 1.98 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.60 N/A N/A N/A 2.36 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 8.22US 10.39CA 8.38US 10.60CA</u></div>
<div><u><br>
</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 598.12</u></div>
<span><u>DDG's FOB Srn & Aylm 220.00 - 230.00</u></span><br>
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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>
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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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<span style="font-size:10.0pt;font-family:"Courier New""><o:p> </o:p></span></p>
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<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>
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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<span style="font-size: 10pt; font-family: "Courier New";">Fax. 519-674-1530<br>
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