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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, November 25</u></div>
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<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3382 up 0.0042</u></div>
<div class="ContentPasted0"><u>Chicago corn closed slightly higher.</u></div>
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<div class="ContentPasted0"><u>      DEC22   HI 6.69  3/4                    DEC23    HI 6.13</u></div>
<div class="ContentPasted0"><u>             LOW 6.61                                 LOW 6.06  1/4</u></div>
<div class="ContentPasted0"><u>            CLOSE6.68   Up 4 3/4                    CLOSE 6.10  3/4  Up 2 1/4</u></div>
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<div class="ContentPasted0"><u>            OLD CROP BASIS                          NEW CROP BASIS</u></div>
<div class="ContentPasted0"><u>Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt</u></div>
<div class="ContentPasted0"><u>ELEVATORS        +MAR23+MAR23+MAR23</u></div>
<div class="ContentPasted0"><u>CK Low       1.38                        8.06 317.31  1.20         7.31 287.68</u></div>
<div class="ContentPasted0"><u>CK High      1.48                        8.16 321.25  1.30         7.41 291.62</u></div>
<div class="ContentPasted0"><u>CK Avg       1.44                  -0.61 8.12 319.56  1.27 -0.59   7.38 290.50</u></div>
<div class="ContentPasted0"><u>Essex Cty    1.38                        8.06 317.31  1.25         7.36 289.65</u></div>
<div class="ContentPasted0"><u>Mdsx Low     1.40                        8.08 318.10  1.25         7.36 289.65</u></div>
<div class="ContentPasted0"><u>Mdsx High    1.48                        8.16 321.25  1.30         7.41 291.62</u></div>
<div class="ContentPasted0"><u>Mdsx Avg     1.44                  -0.61 8.12 319.80  1.28 -0.58   7.39 290.96</u></div>
<div class="ContentPasted0"><u>Hensall      1.47                        8.15 320.72  1.32         7.42 292.28</u></div>
<div class="ContentPasted0"><u>Bruce        1.35                        8.03 316.13  1.20         7.31 287.68</u></div>
<div class="ContentPasted0"><u>Putnam       1.45                        8.13 320.06  1.30         7.41 291.62</u></div>
<div class="ContentPasted0"><u>Burford      1.40                        8.08 318.10  1.25         7.36 289.65</u></div>
<div class="ContentPasted0"><u>Port Perry   1.05                        7.73 304.32  1.20         7.31 287.68</u></div>
<div class="ContentPasted0"><u>Norfolk      1.48                        8.16 321.25  1.30         7.41 291.62</u></div>
<div class="ContentPasted0"><u>Palmerston   1.36                        8.04 316.52N/A</u></div>
<div class="ContentPasted0"><u>Varna        1.45                        8.13 320.06  1.30         7.41 291.62</u></div>
<div class="ContentPasted0"><u>Belmore      1.30                        7.98 314.16  1.30         7.41 291.62</u></div>
<div class="ContentPasted0"><u>Trenton      1.30                        7.98 314.16  1.25         7.36 289.65</u></div>
<div class="ContentPasted0"><u>Winchester   1.55                        8.23 324.00  1.45         7.56 297.53</u></div>
<div class="ContentPasted0"><u>North Gower  1.30                        7.98 314.16  1.35         7.46 293.59</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 1.21                        7.89 310.62  1.45         7.56 297.53</u></div>
<div class="ContentPasted0"><u>Huron FOB   N/A  N/A     1.50  1.57                 N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB    N/A                                       1.30         7.41 291.62</u></div>
<div class="ContentPasted0"><u>Lamb FOB     1.25                        7.93 312.19N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    N/A    1.40  1.50  1.55                 N/A</u></div>
<div class="ContentPasted0"><u>FOB SW Que   2.10                        8.78 345.65N/A</u></div>
<div class="ContentPasted0"><u>Track        1.99                        8.67 341.32N/A</u></div>
<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Chat-Eth    N/A  N/A   N/A   N/A                      1.72         7.83 308.16</u></div>
<div class="ContentPasted0"><u>Jhnstwn-Eth N/A  N/A   N/A   N/A                      1.92         8.03 316.03</u></div>
<div class="ContentPasted0"><u>Aylmer-Eth  N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>Sarn-Eth    N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>London-Ing  N/A  N/A   N/A   N/A                      1.70         7.81 307.37</u></div>
<div class="ContentPasted0"><u>Cardnl-Ing  N/A  N/A   N/A   N/A                      1.95         8.06 317.21</u></div>
<div class="ContentPasted0"><u>W O Feed     1.99                        8.67 341.32</u></div>
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<div class="ContentPasted0"><u>US Rep       2.52                        9.20 362.19</u></div>
<div class="ContentPasted0"><u>Toledo El.  -0.56                        6.12 240.85 -0.40         5.71 224.64</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb     1.45                        8.13 320.06  1.35         7.46 293.59</u></div>
<div class="ContentPasted0"><u>Prescott     1.70                        8.38 329.91  1.71         7.82 307.76</u></div>
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<div class="ContentPasted0"><u>HI SD CRN    1.48                        8.16</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3382 up 0.0042</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed slightly higher.</u></div>
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<div class="ContentPasted0"><u>      JAN23   HI 14.48                   NOV23     HI 13.86  1/4</u></div>
<div class="ContentPasted0"><u>             LOW 14.31                            LOW 13.74  1/2</u></div>
<div class="ContentPasted0"><u>            CLOSE14.36  1/4  Up  1/4            CLOSE 13.79  1/4  Up 1 1/2</u></div>
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<div class="ContentPasted0"><u>            OLD CROP                                  NEW CROP</u></div>
<div class="ContentPasted0"><u>Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt</u></div>
<div class="ContentPasted0"><u>ELEVATORS        +JAN23+JAN23+MAR23</u></div>
<div class="ContentPasted0"><u>CK Low      4.50                         18.86 693.08  3.90        17.69 650.09</u></div>
<div class="ContentPasted0"><u>CK High     4.56                         18.92 695.28  4.00        17.79 653.76</u></div>
<div class="ContentPasted0"><u>CK Average  4.52                   -0.25 18.89 693.92  3.97 -0.52  17.76 652.50</u></div>
<div class="ContentPasted0"><u>Essex Cty   4.50                         18.86 693.08  3.90        17.69 650.09</u></div>
<div class="ContentPasted0"><u>Mdsx Low    4.50                         18.86 693.08  3.95        17.74 651.93</u></div>
<div class="ContentPasted0"><u>Mdsx High   4.60                         18.96 696.75  4.00        17.79 653.76</u></div>
<div class="ContentPasted0"><u>Mdsx Average4.53                   -0.25 18.89 694.00  3.99 -0.51  17.78 653.30</u></div>
<div class="ContentPasted0"><u>Hensall     4.50                         18.86 693.08  4.00        17.79 653.76</u></div>
<div class="ContentPasted0"><u>Bruce       4.50                         18.86 693.08  4.00        17.79 653.76</u></div>
<div class="ContentPasted0"><u>Putnam      4.50                         18.86 693.08  4.00        17.79 653.76</u></div>
<div class="ContentPasted0"><u>Burford     4.67                         19.03 699.32  4.07        17.86 656.33</u></div>
<div class="ContentPasted0"><u>Port Perry  4.51                         18.87 693.45  3.91        17.70 650.46</u></div>
<div class="ContentPasted0"><u>Norfolk     4.50                         18.86 693.08  3.95        17.74 651.93</u></div>
<div class="ContentPasted0"><u>Palmerston  4.45                         18.81 691.24  N/A</u></div>
<div class="ContentPasted0"><u>Varna       4.50                         18.86 693.08  4.00        17.79 653.76</u></div>
<div class="ContentPasted0"><u>Trenton     4.50                         18.86 693.08  4.00        17.79 653.76</u></div>
<div class="ContentPasted0"><u>Winchester  4.63                         18.99 697.85  3.90        17.69 650.09</u></div>
<div class="ContentPasted0"><u>North Gower 4.25                         18.61 683.89  4.00        17.79 653.76</u></div>
<div class="ContentPasted0"><u>Vankleek Hil4.48                         18.84 692.34  4.06        17.85 655.97</u></div>
<div class="ContentPasted0"><u>Huron FOB    N/A  4.63  4.65  4.64                     N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB    4.60                         18.96 696.75  3.95        17.74 651.93</u></div>
<div class="ContentPasted0"><u>Lambton FOB 4.35                         18.71 687.57  N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    4.55  N/A   N/A   N/A        18.91 694.92  N/A</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor      N/A                                       4.18        17.97 660.38</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton    5.20                         19.56 718.80  4.40        18.19 668.46</u></div>
<div class="ContentPasted0"><u>Prescott    4.75                         19.11 702.26  4.17        17.96 660.01</u></div>
<div class="ContentPasted0"><u>Port Colborn5.08                         19.44 714.39  4.41        18.20 668.83</u></div>
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<div class="ContentPasted0"><u>Toledo El.  -0.27                        14.09 517.90 -0.60        13.19 484.66</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3382 up 0.0042</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed moderately lower.</u></div>
<div class="ContentPasted0"><u>DEC22      HI     7.99  3/4            JUL23   HI      8.32  1/4</u></div>
<div class="ContentPasted0"><u>           LOW    7.71                         LOW        8.08</u></div>
<div class="ContentPasted0"><u>           CLOSE  7.75  1/2  Down 18           CLOSE   8.11  3/4  Down 14</u></div>
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<div class="ContentPasted0"><u>Minni wheat closed slightly lower.</u></div>
<div class="ContentPasted0"><u>DEC22      HI        9.65              SEP23   HI      9.28  1/4</u></div>
<div class="ContentPasted0"><u>           LOW    9.55  1/2                    LOW        9.17</u></div>
<div class="ContentPasted0"><u>           CLOSE  9.57  1/4  Down  1/2         CLOSE   9.17  3/4  Down 10 1/2</u></div>
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<div class="ContentPasted0"><u>Direct MarkHarvest 2022                Harvest 2023</u></div>
<div class="ContentPasted0"><u>           DELIVERED BASIS             DELIVERED BASIS</u></div>
<div class="ContentPasted0"><u>Location   SWW(C) HRW(C) SRW(C) HRS(M) SWW(C)  HRW(C)  SRW(C) HRS(M)</u></div>
<div class="ContentPasted0"><u>ELEVATORS</u></div>
<div class="ContentPasted0"><u>Brgssvll     N/A    N/A   1.45    N/A    N/A     N/A    1.40    N/A</u></div>
<div class="ContentPasted0"><u>London      3.16   1.95   1.49    N/A    2.87    1.80   1.40    N/A</u></div>
<div class="ContentPasted0"><u>Hensall     4.30    N/A   1.45    N/A    2.95    N/A    1.40    N/A</u></div>
<div class="ContentPasted0"><u>Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.50    N/A</u></div>
<div class="ContentPasted0"><u>Bruce       2.45   1.95   1.45   1.15    2.40    1.90   1.40   1.15</u></div>
<div class="ContentPasted0"><u>Essex        N/A    N/A   1.45    N/A    N/A     N/A    1.40    N/A</u></div>
<div class="ContentPasted0"><u>Norwich     4.30    N/A   1.45    N/A    2.95    N/A    1.40    N/A</u></div>
<div class="ContentPasted0"><u>Port Hope    N/A    N/A   1.45    N/A    N/A     N/A    1.40    N/A</u></div>
<div class="ContentPasted0"><u>Kent Bridge 4.30    N/A   1.45    N/A    2.95    N/A    1.40    N/A</u></div>
<div class="ContentPasted0"><u>Chatham      N/A    N/A   1.45    N/A    N/A     N/A    1.40    N/A</u></div>
<div class="ContentPasted0"><u>Brigden      N/A    N/A   1.45    N/A    N/A     N/A    1.40    N/A</u></div>
<div class="ContentPasted0"><u>Palmerston   N/A   2.15   1.35   2.12    N/A     N/A     N/A    N/A</u></div>
<div class="ContentPasted0"><u>Varna       4.30   2.35   1.50    N/A    2.75    2.00   1.45    N/A</u></div>
<div class="ContentPasted0"><u>Mitchell    4.30    N/A   1.45    N/A    2.95    1.95   1.40    N/A</u></div>
<div class="ContentPasted0"><u>Thornton    3.16   1.95   1.49   2.10    2.87    1.80   1.40    N/A</u></div>
<div class="ContentPasted0"><u>North Gower  N/A   0.95   1.35   1.22    N/A     1.10   1.50   1.17</u></div>
<div class="ContentPasted0"><u>W O Feed                  2.17</u></div>
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<div class="ContentPasted0"><u>TERMINAL</u></div>
<div class="ContentPasted0"><u>Port Colbor  N/A    N/A   1.69    N/A    N/A     N/A    1.93    N/A</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Toledo FM    N/A    N/A   2.56    N/A    N/A     N/A    2.61    N/A</u></div>
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<div class="ContentPasted0"><u>Toledo El. 7.46US        9.98CA         7.87US         10.53CA</u></div>
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<div class="ContentPasted0"><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div class="ContentPasted0"><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
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<div class="ContentPasted0"><u>FEED GRAINS</u></div>
<div class="ContentPasted0"><u>FOB Hm Soymeal            671.10</u></div>
<div class="ContentPasted0"><u>DDG's FOB Aylm            360.00</u></div>
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<span style="font-family: "Courier New"; font-size: 10pt;">Blair Andrews</span><o:p style="color: inherit; font-family: "Courier New"; font-size: 10pt; font-style: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-weight: inherit;"> </o:p><br>
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