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<div>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 8</div>
<div>(All Bases in CAD)</div>
<div>Bank of Canada Noon exchange rate was 1.3221 down 0.0031</div>
<div>Chicago corn closed slightly lower.</div>
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<div> MAR17 HI 3.60 DEC17 HI 3.88 3/4</div>
<div> LOW 3.50 1/4 LOW 3.80 1/2</div>
<div> CLOSE3.53 1/2 Down 4 1/2 CLOSE 3.83 1/4 Down 3 3/4</div>
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</div>
<div> OLD CROP BASIS NEW CROP BASIS</div>
<div>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt</div>
<div>ELEVATORS +MAR17+MAR17+MAY17</div>
<div>CK Low 0.60 4.14 162.79 0.80 4.63 182.37</div>
<div>CK High 0.65 4.19 164.76 0.85 4.68 184.34</div>
<div>CK Avg 0.64 -0.37 4.18 164.43 0.81 -0.31 4.64 182.70</div>
<div>Essex Cty 0.55 4.09 160.82 0.75 4.58 180.41</div>
<div>Mdsx Low 0.65 4.19 164.76 0.80 4.63 182.37</div>
<div>Mdsx High 0.65 4.19 164.76 0.80 4.63 182.37</div>
<div>Mdsx Avg 0.65 -0.36 4.19 164.76 0.80 -0.31 4.63 182.37</div>
<div>Hensall 0.65 4.19 164.76 0.83 4.66 183.36</div>
<div>Bruce 0.65 4.19 164.76 0.80 4.63 182.37</div>
<div>Putnam 0.65 4.19 164.76 0.80 4.63 182.37</div>
<div>Burford 0.65 4.19 164.76 0.80 4.63 182.37</div>
<div>Port Perry 1.05 4.59 180.50 0.85 4.68 184.34</div>
<div>Norfolk 0.70 4.24 166.72 0.80 4.63 182.37</div>
<div>Palmerston 0.80 4.34 170.66 0.80 4.63 182.37</div>
<div>Varna 0.65 4.19 164.76 0.85 4.68 184.34</div>
<div>Trenton 1.15 4.69 184.44 0.90 4.73 186.31</div>
<div>Winchester 1.15 4.69 184.44 1.05 4.88 192.22</div>
<div>North Gower 1.10 4.64 182.47 1.10 4.93 194.18</div>
<div>Huron FOB 0.85 4.39 172.63 0.85 4.68 184.34</div>
<div>Kent FOB 0.85 4.39 172.63 0.80 4.63 182.37</div>
<div>Lamb FOB 0.95 4.49 176.57 0.85 4.68 184.34</div>
<div>Mdsx FOB 0.65 0.70 0.75N/A 4.19 164.76 0.80 4.63 182.37</div>
<div>FOB SW Que 1.15 4.69 184.44N/A</div>
<div>Track 1.23 4.76 187.39N/A</div>
<div>PROCESSORS</div>
<div>Chat-Eth 1.15 1.18 1.23 1.21 4.69 184.44 1.00 4.83 190.25</div>
<div>Jhnstwn-Eth N/A N/A N/A N/A N/A</div>
<div>Aylmer-Eth N/A N/A N/A N/A 1.00 4.83 190.25</div>
<div>Sarn-Eth 1.15 1.20 1.25 1.25 4.69 184.44N/A</div>
<div>Kawartha N/A N/A N/A N/A N/A</div>
<div>London-Ing N/A N/A N/A N/A 1.05 4.88 192.22</div>
<div>Pt.Colb-Ing N/A N/A N/A N/A N/A</div>
<div>Cardnl-Ing 1.31 1.43 1.43N/A 4.85 190.74 1.10 4.93 194.18</div>
<div>W O Feed 1.48 5.02 197.43</div>
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</div>
<div>US Rep 1.61 5.15 202.55</div>
<div>Toledo El. -0.16 3.38 132.94 -0.33 3.50 137.93</div>
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</div>
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</div>
<div>MID SD CRN 0.62 1/2 4.16</div>
<div>HI SD CRN 0.65 4.18 1/2</div>
<div>*Wet Bid</div>
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<div>Bank of Canada Noon exchange rate was 1.3221 down 0.0031</div>
<div>Chicago soybeans closed moderately lower to lower.</div>
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</div>
<div> JAN17 HI 10.49 NOV17 HI 10.31</div>
<div> LOW 10.23 1/2 LOW 10.09 3/4</div>
<div> CLOSE10.27 Down 22 CLOSE 10.13 Down 19</div>
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</div>
<div> OLD CROP NEW CROP</div>
<div>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt</div>
<div>ELEVATORS +JAN1+MAR1+MAR17</div>
<div>CK Low 2.54 12.81 470.692.50 12.63 464.07</div>
<div>CK High 2.60 12.87 472.892.60 12.73 467.75</div>
<div>CK Average 2.58 -0.5312.85 472.222.55 -0.4912.68 465.97</div>
<div>Essex Cty 2.60 12.87 472.892.60 12.73 467.75</div>
<div>Mdsx Low 2.54 12.81 470.692.49 12.62 463.71</div>
<div>Mdsx High 2.60 12.87 472.892.55 12.68 465.91</div>
<div>Mdsx Average 2.57 -0.5412.84 471.792.52 -0.5212.65 464.81</div>
<div>Hensall 2.60 12.87 472.892.58 12.71 466.83</div>
<div>Bruce 2.60 12.87 472.892.55 12.68 465.91</div>
<div>Putnam 2.60 12.87 472.892.55 12.68 465.91</div>
<div>Burford 2.61 12.88 473.262.56 12.69 466.28</div>
<div>Port Perry 2.54 12.81 470.692.49 12.62 463.71</div>
<div>Norfolk 2.60 12.87 472.892.55 12.68 465.91</div>
<div>Palmerston 2.60 12.87 472.892.60 12.73 467.75</div>
<div>Varna 2.60 12.87 472.892.60 12.73 467.75</div>
<div>Trenton 2.60 12.87 472.892.65 12.78 469.58</div>
<div>Winchester 2.55 12.82 471.052.43 12.56 461.50</div>
<div>North Gower 2.61 12.88 473.262.90 13.03 478.77</div>
<div>Huron FOB 2.70 12.97 476.572.75 12.88 473.26</div>
<div>Kent FOB 2.70 12.97 476.572.55 12.68 465.91</div>
<div>Lambton FOB 2.60 12.87 472.892.70 12.83 471.42</div>
<div>Middlesex FOB2.71 2.77 2.77 N/A 12.98 476.932.66 12.79 469.95</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Hamilton 3.04 3.10 N/A N/A 13.31 489.062.94 13.07 480.24</div>
<div>Windsor N/A N/A N/A N/A N/A</div>
<div>Winchester N/A N/A</div>
<div><br>
</div>
<div>TRANSFER</div>
<div>Prescott 2.96 13.23 486.123.05 13.18 484.28</div>
<div><br>
</div>
<div>Toledo El. -0.54 9.73 357.49-0.45 9.68 355.78</div>
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<div>Bank of Canada Noon exchange rate was 1.3221 down 0.0031</div>
<div>Chicago wheat closed slightly to moderately higher.</div>
<div>MAR17 HI 4.09 1/4 JUL17 HI 4.32 1/4</div>
<div> LOW 4.01 1/2 LOW 4.25 1/4</div>
<div> CLOSE 4.08 1/4 Up 7 1/4 CLOSE 4.30 1/4 Up 5 1/2</div>
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<div>Minni wheat closed slightly higher.</div>
<div>MAR17 HI 5.34 3/4 SEP17 HI 5.46 3/4</div>
<div> LOW 5.29 LOW 5.42 1/2</div>
<div> CLOSE 5.31 Up 2 CLOSE 5.43 1/4 Up 1 1/2</div>
<div><br>
</div>
<div>GFO Cash Wheat Prices - DEL Terminal</div>
<div>Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</div>
<div>Basis 0.58 0.71 0.71 0.64</div>
<div>CAD $/bu 4.66 4.79 4.79 5.95</div>
<div>CAD $/tonne 171.20 176.05 176.05 218.58</div>
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<div>Direct MarkHarvest 2016 Harvest 2017</div>
<div> DELIVERED BASIS DELIVERED BASIS</div>
<div>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)</div>
<div>ELEVATORS</div>
<div>Brgssvll N/A N/A 0.45 N/A N/A 0.60 0.60 N/A</div>
<div>London 0.51 0.47 0.51 N/A 0.52 0.52 0.45 N/A</div>
<div>Hensall 0.45 N/A 0.45 N/A 0.70 N/A 0.60 N/A</div>
<div>Trenton N/A N/A N/A N/A N/A N/A 0.65 N/A</div>
<div>Bruce 0.45 0.45 0.45 0.40 0.70 0.55 0.60 0.55</div>
<div>Essex N/A N/A N/A N/A N/A N/A 0.40 N/A</div>
<div>Norwich 0.45 N/A 0.45 N/A 0.70 N/A 0.60 N/A</div>
<div>Port Hope N/A 0.45 0.55 N/A N/A 0.55 0.60 N/A</div>
<div>Kent Bridge 0.45 N/A 0.45 N/A 0.70 N/A 0.60 N/A</div>
<div>Chatham N/A N/A 0.45 N/A N/A N/A 0.50 N/A</div>
<div>Brigden N/A N/A 0.45 N/A N/A N/A 0.50 N/A</div>
<div>Palmerston N/A 0.65 0.55 0.40 N/A 0.60 0.60 0.60</div>
<div>Varna 0.50 0.50 0.50 N/A 0.60 0.55 0.55 N/A</div>
<div>Mitchell 0.45 0.45 0.45 N/A 0.70 0.55 0.60 N/A</div>
<div>Thornton N/A N/A N/A 0.09 N/A N/A N/A N/A</div>
<div>North Gower N/A 0.60 0.60 0.46 N/A 0.69 0.69 0.45</div>
<div>W O Feed 1.44</div>
<div><br>
</div>
<div>TERMINAL</div>
<div>Prescott N/A N/A 0.76 0.71 N/A 0.85 0.97 0.78</div>
<div><br>
</div>
<div>PROCESSORS</div>
<div>Toledo FM N/A N/A 0.93 N/A N/A N/A 1.36 N/A</div>
<div><br>
</div>
<div>Toledo El. 3.83US 5.06CA 4.10US 5.40CA</div>
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</div>
<div>GFO Contract Wheat Prices - DEL Terminal</div>
<div>Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</div>
<div>Basis 0.83 0.64 0.64 0.53</div>
<div>CAD $/bu 5.13 4.94 4.94 5.96</div>
<div>CAD $/tonne 188.67 181.42 181.42 219.13</div>
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<div>(C)-Basis over the Chicago Board of Trade futures</div>
<div>(M)-Basis over the Minneapolis Grain Exchange</div>
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<div>FEED GRAINS</div>
<div>FOB Hm Soymeal 505.64</div>
<div>DDG's FOB Srn & Aylm 135.00 - 140.00</div>
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<p class="MsoNormal"><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD">Blair Andrews</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<span style="background:#FDFDFD">Editor, AgriLink and Farm Market News<span class="apple-converted-space"> </span></span><br>
<span style="background:#FDFDFD">University of Guelph, Ridgetown Campus<span class="apple-converted-space"> </span></span><br>
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