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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, December 9</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3164 down 0.0057</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.59 3/4 DEC17 HI 3.88 3/4</u></div>
<div><u> LOW 3.51 1/4 LOW 3.80 3/4</u></div>
<div><u> CLOSE3.59 1/2 Up 6 CLOSE 3.88 1/2 Up 5 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 +MAR17+MAR17+MAY17</u></div>
<div><u>CK Low 0.60 4.20 165.15 0.80 4.69 184.44</u></div>
<div><u>CK High 0.65 4.25 167.12 0.85 4.74 186.41</u></div>
<div><u>CK Avg 0.62 -0.39 4.21 165.81 0.81 -0.31 4.69 184.77</u></div>
<div><u>Essex Cty 0.55 4.15 163.18 0.75 4.64 182.47</u></div>
<div><u>Mdsx Low 0.60 4.20 165.15 0.80 4.69 184.44</u></div>
<div><u>Mdsx High 0.60 4.20 165.15 0.80 4.69 184.44</u></div>
<div><u>Mdsx Avg 0.60 -0.40 4.20 165.15 0.80 -0.32 4.69 184.44</u></div>
<div><u>Hensall 0.60 4.20 165.15 0.83 4.71 185.42</u></div>
<div><u>Bruce 0.60 4.20 165.15 0.80 4.69 184.44</u></div>
<div><u>Putnam 0.65 4.25 167.12 0.80 4.69 184.44</u></div>
<div><u>Burford 0.60 4.20 165.15 0.80 4.69 184.44</u></div>
<div><u>Port Perry 1.05 4.65 182.87 0.85 4.74 186.41</u></div>
<div><u>Norfolk 0.70 4.30 169.09 0.80 4.69 184.44</u></div>
<div><u>Palmerston 0.80 4.40 173.02 0.80 4.69 184.44</u></div>
<div><u>Varna 0.60 4.20 165.15 0.85 4.74 186.41</u></div>
<div><u>Trenton 1.15 4.75 186.80 0.90 4.79 188.38</u></div>
<div><u>Winchester 1.22 4.82 189.56 1.12 5.01 197.04</u></div>
<div><u>North Gower 1.10 4.70 184.83 1.10 4.99 196.25</u></div>
<div><u>Huron FOB 0.87 4.47 175.78 0.87 4.76 187.20</u></div>
<div><u>Kent FOB 0.80 4.40 173.02 0.80 4.69 184.44</u></div>
<div><u>Lamb FOB 0.95 4.55 178.93 0.85 4.74 186.41</u></div>
<div><u>Mdsx FOB 0.70 0.75N/A N/A 4.30 169.09 0.80 4.69 184.44</u></div>
<div><u>FOB SW Que 1.15 4.75 186.80N/A</u></div>
<div><u>Track 1.23 4.82 189.76N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.15 1.18 1.23 1.21 4.75 186.80 1.00 4.89 192.31</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A 1.00 4.89 192.31</u></div>
<div><u>Sarn-Eth 1.15 1.20 1.25 1.25 4.75 186.80N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.05 4.94 194.28</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A</u></div>
<div><u>Cardnl-Ing 1.31 1.43N/A N/A 4.91 193.10 1.10 4.99 196.25</u></div>
<div><u>W O Feed 1.48 5.08 199.95</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.65 5.25 206.49</u></div>
<div><u>Toledo El. -0.16 3.44 135.32 -0.33 3.56 140.01</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.62 1/2 4.22</u></div>
<div><u>HI SD CRN 0.65 4.24 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3164 down 0.0057</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN17 HI 10.39 1/2 NOV17 HI 10.26 1/2</u></div>
<div><u> LOW 10.21 1/2 LOW 10.07 1/2</u></div>
<div><u> CLOSE10.37 1/2 Up 10 1/2 CLOSE 10.25 Up 12</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 BasisU.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +JAN1+MAR1+MAR17</u></div>
<div><u>CK Low 2.45 12.83 471.242.38 12.63 464.07</u></div>
<div><u>CK High 2.60 12.98 476.752.60 12.85 472.16</u></div>
<div><u>CK Average 2.50 -0.5812.88 473.142.46 -0.5812.71 467.14</u></div>
<div><u>Essex Cty 2.60 12.98 476.752.60 12.85 472.16</u></div>
<div><u>Mdsx Low 2.45 12.83 471.242.36 12.61 463.34</u></div>
<div><u>Mdsx High 2.46 12.84 471.612.40 12.65 464.81</u></div>
<div><u>Mdsx Average 2.46 -0.6212.83 471.422.38 -0.6412.63 464.07</u></div>
<div><u>Hensall 2.50 12.88 473.082.48 12.73 467.56</u></div>
<div><u>Bruce 2.45 12.83 471.242.40 12.65 464.81</u></div>
<div><u>Putnam 2.60 12.98 476.752.55 12.80 470.32</u></div>
<div><u>Burford 2.53 12.91 474.182.43 12.68 465.91</u></div>
<div><u>Port Perry 2.46 12.84 471.612.36 12.61 463.34</u></div>
<div><u>Norfolk 2.50 12.88 473.082.45 12.70 466.65</u></div>
<div><u>Palmerston 2.60 12.98 476.752.60 12.85 472.16</u></div>
<div><u>Varna 2.55 12.93 474.912.55 12.80 470.32</u></div>
<div><u>Trenton 2.60 12.98 476.752.55 12.80 470.32</u></div>
<div><u>Winchester 2.60 12.98 476.752.30 12.55 461.13</u></div>
<div><u>North Gower 2.63 13.01 477.852.65 12.90 473.99</u></div>
<div><u>Huron FOB 2.70 13.08 480.422.65 12.90 473.99</u></div>
<div><u>Kent FOB 2.55 12.93 474.912.40 12.65 464.81</u></div>
<div><u>Lambton FOB 2.60 12.98 476.752.70 12.95 475.83</u></div>
<div><u>Middlesex FOB2.63 2.70 2.77 N/A 13.01 477.852.53 12.78 469.58</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.00 3.06 N/A N/A 13.38 491.452.92 13.17 483.91</u></div>
<div><u>Windsor N/A N/A N/A N/A N/A</u></div>
<div><u>Winchester N/A N/A</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.96 13.34 489.983.05 13.30 488.69</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.54 9.84 361.41-0.45 9.80 360.21</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3164 down 0.0057</u></div>
<div><u>Chicago wheat closed moderately higher.</u></div>
<div><u>MAR17 HI 4.17 JUL17 HI 4.39 1/4</u></div>
<div><u> LOW 4.03 3/4 LOW 4.28 1/4</u></div>
<div><u> CLOSE 4.16 1/4 Up 8 CLOSE 4.38 1/2 Up 8 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR17 HI 5.37 1/2 SEP17 HI 5.48 3/4</u></div>
<div><u> LOW 5.30 3/4 LOW 5.43</u></div>
<div><u> CLOSE 5.36 1/4 Up 5 1/4 CLOSE 5.48 3/4 Up 5 1/2</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 0.59 0.52 0.65 0.44</u></div>
<div><u>CAD $/bu 4.75 4.68 4.82 5.80</u></div>
<div><u>CAD $/tonne 174.54 172.12 176.95 213.19</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2016 Harvest 2017</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 0.45 N/A N/A 0.60 0.60 N/A</u></div>
<div><u>London 0.50 0.46 0.50 N/A 0.50 0.50 0.43 N/A</u></div>
<div><u>Hensall 0.50 N/A 0.50 N/A 0.70 N/A 0.60 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 0.65 N/A</u></div>
<div><u>Bruce 0.50 0.65 0.50 0.40 0.70 0.60 0.60 0.60</u></div>
<div><u>Essex N/A N/A N/A N/A N/A N/A 0.39 N/A</u></div>
<div><u>Norwich 0.50 N/A 0.50 N/A 0.70 N/A 0.60 N/A</u></div>
<div><u>Port Hope N/A 0.45 0.55 N/A N/A 0.55 0.60 N/A</u></div>
<div><u>Kent Bridge 0.50 N/A 0.50 N/A 0.70 N/A 0.60 N/A</u></div>
<div><u>Chatham N/A N/A 0.50 N/A N/A N/A 0.50 N/A</u></div>
<div><u>Brigden N/A N/A 0.50 N/A N/A N/A 0.50 N/A</u></div>
<div><u>Palmerston N/A 0.65 0.55 0.40 N/A 0.60 0.60 0.60</u></div>
<div><u>Varna 0.50 0.50 0.50 N/A 0.60 0.55 0.55 N/A</u></div>
<div><u>Mitchell 0.50 0.50 0.50 N/A 0.70 0.55 0.60 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.09 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.61 0.61 0.44 N/A 0.68 0.68 0.43</u></div>
<div><u>W O Feed 1.43</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Prescott N/A N/A 0.76 0.71 N/A 0.85 0.97 0.78</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.31 N/A N/A N/A 1.38 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 3.91US 5.14CA 4.19US 5.50CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 0.85 0.79 0.79 0.67</u></div>
<div><u>CAD $/bu 5.24 5.17 5.17 6.16</u></div>
<div><u>CAD $/tonne 192.41 190.00 190.00 226.33</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 522.28</u></div>
<div><u>DDG's FOB Srn & Aylm 135.00 - 140.00</u></div>
<div><u><br>
</u></div>
<span id="ms-rterangepaste-start"></span>
<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>
<span style="background:#FDFDFD">Tel.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1500"><span style="font-size:10.0pt;line-height:115%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
none">519-674-1500</span></a><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333;background:#FDFDFD">x
63577<span class="apple-converted-space"> </span></span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
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