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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, December 12</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.314 down 0.0024</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.61 DEC17 HI 3.89 3/4</u></div>
<div><u> LOW 3.56 LOW 3.85 1/4</u></div>
<div><u> CLOSE3.60 1/2 Up 1 CLOSE 3.89 1/4 Up 3/4</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 4.21 165.54 0.75 4.64 182.77</u></div>
<div><u>CK High 0.65 4.26 167.51 0.85 4.74 186.70</u></div>
<div><u>CK Avg 0.62 -0.39 4.22 166.20 0.78 -0.33 4.67 183.75</u></div>
<div><u>Essex Cty 0.55 4.16 163.58 0.75 4.64 182.77</u></div>
<div><u>Mdsx Low 0.60 4.21 165.54 0.75 4.64 182.77</u></div>
<div><u>Mdsx High 0.60 4.21 165.54 0.75 4.64 182.77</u></div>
<div><u>Mdsx Avg 0.60 -0.40 4.21 165.54 0.75 -0.35 4.64 182.77</u></div>
<div><u>Hensall 0.60 4.21 165.54 0.78 4.67 183.75</u></div>
<div><u>Bruce 0.60 4.21 165.54 0.75 4.64 182.77</u></div>
<div><u>Putnam 0.65 4.26 167.51 0.80 4.69 184.74</u></div>
<div><u>Burford 0.60 4.21 165.54 0.75 4.64 182.77</u></div>
<div><u>Port Perry 1.05 4.66 183.26 0.85 4.74 186.70</u></div>
<div><u>Norfolk 0.75 4.36 171.45 0.75 4.64 182.77</u></div>
<div><u>Palmerston 0.80 4.41 173.42 0.80 4.69 184.74</u></div>
<div><u>Varna 0.60 4.21 165.54 0.80 4.69 184.74</u></div>
<div><u>Trenton 1.15 4.76 187.20 0.90 4.79 188.67</u></div>
<div><u>Winchester 1.22 4.83 189.95 1.12 5.01 197.33</u></div>
<div><u>North Gower 1.10 4.71 185.23 1.10 4.99 196.55</u></div>
<div><u>Huron FOB 0.87 4.48 176.17 0.87 4.76 187.49</u></div>
<div><u>Kent FOB 0.80 4.41 173.42 0.75 4.64 182.77</u></div>
<div><u>Lamb FOB 0.95 4.56 179.32 0.85 4.74 186.70</u></div>
<div><u>Mdsx FOB 0.70 0.75N/A N/A 4.31 169.48 0.80 4.69 184.74</u></div>
<div><u>FOB SW Que 1.10 4.71 185.23N/A</u></div>
<div><u>Track 1.23 4.83 190.15N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.15 1.18 1.23 1.21 4.76 187.20 1.00 4.89 192.61</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 4.89 192.61</u></div>
<div><u>Sarn-Eth 1.15 1.20 1.25 1.25 4.76 187.20N/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 4.94 194.58</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 4.92 193.49 1.10 4.99 196.55</u></div>
<div><u>W O Feed 1.49 5.10 200.74</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.65 5.26 206.88</u></div>
<div><u>Toledo El. -0.13 3.47 136.76 -0.33 3.56 140.34</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.62 1/2 4.23</u></div>
<div><u>HI SD CRN 0.65 4.25 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 1.314 down 0.0024</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JAN17 HI 10.47 1/2 NOV17 HI 10.32 3/4</u></div>
<div><u> LOW 10.26 1/2 LOW 10.16 1/2</u></div>
<div><u> CLOSE10.31 Down 6 1/2 CLOSE 10.22 Down 3</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 2.43 12.74 468.112.40 12.62 463.71</u></div>
<div><u>CK High 2.60 12.91 474.362.60 12.82 471.05</u></div>
<div><u>CK Average 2.47 -0.5712.78 469.652.45 -0.5612.67 465.36</u></div>
<div><u>Essex Cty 2.45 12.76 468.852.45 12.67 465.54</u></div>
<div><u>Mdsx Low 2.43 12.74 468.112.40 12.62 463.71</u></div>
<div><u>Mdsx High 2.45 12.76 468.852.40 12.62 463.71</u></div>
<div><u>Mdsx Average 2.44 -0.5912.75 468.482.40 -0.5912.62 463.71</u></div>
<div><u>Hensall 2.48 12.79 469.772.45 12.67 465.54</u></div>
<div><u>Bruce 2.45 12.76 468.852.40 12.62 463.71</u></div>
<div><u>Putnam 2.45 12.76 468.852.40 12.62 463.71</u></div>
<div><u>Burford 2.50 12.81 470.692.47 12.69 466.28</u></div>
<div><u>Port Perry 2.43 12.74 468.112.40 12.62 463.71</u></div>
<div><u>Norfolk 2.50 12.81 470.692.45 12.67 465.54</u></div>
<div><u>Palmerston 2.45 12.76 468.852.45 12.67 465.54</u></div>
<div><u>Varna 2.50 12.81 470.692.50 12.72 467.38</u></div>
<div><u>Trenton 2.60 12.91 474.362.55 12.77 469.22</u></div>
<div><u>Winchester 2.60 12.91 474.362.30 12.52 460.03</u></div>
<div><u>North Gower 2.56 12.87 472.892.75 12.97 476.57</u></div>
<div><u>Huron FOB 2.65 12.96 476.202.60 12.82 471.05</u></div>
<div><u>Kent FOB 2.55 12.86 472.522.40 12.62 463.71</u></div>
<div><u>Lambton FOB 2.45 12.76 468.852.60 12.82 471.05</u></div>
<div><u>Middlesex FOB2.60 2.67 N/A N/A 12.91 474.362.50 12.72 467.38</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.96 3.02 N/A N/A 13.27 487.592.88 13.10 481.34</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 2.71 13.02 478.402.84 13.06 479.87</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.47 9.84 361.47-0.45 9.77 359.15</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.314 down 0.0024</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR17 HI 4.17 3/4 JUL17 HI 4.39 3/4</u></div>
<div><u> LOW 4.08 1/2 LOW 4.31</u></div>
<div><u> CLOSE 4.17 1/4 Up 1 CLOSE 4.39 3/4 Up 1 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR17 HI 5.38 SEP17 HI 5.49 1/4</u></div>
<div><u> LOW 5.33 LOW 5.45 1/2</u></div>
<div><u> CLOSE 5.37 Up 3/4 CLOSE 5.49 Up 1/4</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 0.58 0.52 0.65 0.43</u></div>
<div><u>CAD $/bu 4.75 4.69 4.82 5.80</u></div>
<div><u>CAD $/tonne 174.67 172.25 177.08 213.12</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 0.50 N/A N/A 0.60 0.55 N/A</u></div>
<div><u>London 0.56 0.56 0.56 N/A 0.49 0.49 0.42 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 0.55 N/A</u></div>
<div><u>Brigden N/A N/A 0.50 N/A N/A N/A 0.55 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 0.15 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.42 0.55 0.24 N/A 0.83 0.83 0.57</u></div>
<div><u>W O Feed 1.41</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Prescott N/A N/A 0.71 0.63 N/A 0.85 0.90 0.70</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.30 N/A N/A N/A 1.37 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 3.92US 5.15CA 4.20US 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 0.84 0.78 0.78 0.66</u></div>
<div><u>CAD $/bu 5.24 5.17 5.17 6.15</u></div>
<div><u>CAD $/tonne 192.51 190.10 190.10 225.86</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 519.42</u></div>
<div><u>DDG's FOB Srn & Aylm 135.00 - 140.00</u></div>
<div><u><br>
</u></div>
<div><u></u>
<p class="MsoNormal"><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">Blair Andrews</span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<span style="background: rgb(253, 253, 253);">Editor, AgriLink and Farm Market News<span class="apple-converted-space"> </span></span><br>
<span style="background: rgb(253, 253, 253);">University of Guelph, Ridgetown Campus<span class="apple-converted-space"> </span></span><br>
<span style="background: rgb(253, 253, 253);">Tel.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1500"><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153);">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: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">x
63577<span class="apple-converted-space"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530"><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153);">519-674-1530</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: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<br>
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<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario<u><o:p></o:p></u></span></span></p>
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