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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, December 13</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.312 down 0.0020</u></div>
<div><u>Chicago corn closed steady to slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.64 3/4 DEC17 HI 3.92 3/4</u></div>
<div><u> LOW 3.59 1/4 LOW 3.87 3/4</u></div>
<div><u> CLOSE3.61 Up 1/2 CLOSE 3.89 1/4 Unchanged</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 4.21 165.74 0.75 4.64 182.77</u></div>
<div><u>CK High 0.65 4.26 167.71 0.85 4.74 186.70</u></div>
<div><u>CK Avg 0.62 -0.38 4.23 166.40 0.78 -0.33 4.67 183.75</u></div>
<div><u>Essex Cty 0.55 4.16 163.77 0.75 4.64 182.77</u></div>
<div><u>Mdsx Low 0.60 4.21 165.74 0.75 4.64 182.77</u></div>
<div><u>Mdsx High 0.60 4.21 165.74 0.75 4.64 182.77</u></div>
<div><u>Mdsx Avg 0.60 -0.40 4.21 165.74 0.75 -0.35 4.64 182.77</u></div>
<div><u>Hensall 0.60 4.21 165.74 0.78 4.67 183.75</u></div>
<div><u>Bruce 0.60 4.21 165.74 0.75 4.64 182.77</u></div>
<div><u>Putnam 0.60 4.21 165.74 0.80 4.69 184.74</u></div>
<div><u>Burford 0.60 4.21 165.74 0.75 4.64 182.77</u></div>
<div><u>Port Perry 1.05 4.66 183.46 0.85 4.74 186.70</u></div>
<div><u>Norfolk 0.70 4.31 169.68 0.75 4.64 182.77</u></div>
<div><u>Palmerston 0.80 4.41 173.61 0.80 4.69 184.74</u></div>
<div><u>Varna 0.60 4.21 165.74 0.80 4.69 184.74</u></div>
<div><u>Trenton 1.15 4.76 187.39 0.90 4.79 188.67</u></div>
<div><u>Winchester 1.17 4.78 188.18 1.14 5.03 198.12</u></div>
<div><u>North Gower 1.10 4.71 185.42 1.10 4.99 196.55</u></div>
<div><u>Huron FOB 0.87 4.48 176.37 0.87 4.76 187.49</u></div>
<div><u>Kent FOB 0.80 4.41 173.61 0.75 4.64 182.77</u></div>
<div><u>Lamb FOB 0.95 4.56 179.52 0.80 4.69 184.74</u></div>
<div><u>Mdsx FOB 0.70 0.75N/A N/A 4.31 169.68 0.80 4.69 184.74</u></div>
<div><u>FOB SW Que 1.10 4.71 185.42N/A</u></div>
<div><u>Track 1.23 4.84 190.35N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.15 1.18 1.23 1.21 4.76 187.39 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 4.76 187.39N/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 4.92 193.69 1.10 4.99 196.55</u></div>
<div><u>W O Feed 1.48 5.09 200.54</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.65 5.26 207.08</u></div>
<div><u>Toledo El. -0.13 3.48 136.96 -0.33 3.57 140.36</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.62 1/2 4.23 1/2</u></div>
<div><u>HI SD CRN 0.65 4.26</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 1.312 down 0.0020</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JAN17 HI 10.38 3/4 NOV17 HI 10.26 1/4</u></div>
<div><u> LOW 10.25 1/4 LOW 10.16 1/2</u></div>
<div><u> CLOSE10.28 Down 3 CLOSE 10.20 Down 2</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 12.73 467.752.40 12.60 462.97</u></div>
<div><u>CK High 2.45 12.73 467.752.45 12.65 464.81</u></div>
<div><u>CK Average 2.45 -0.5712.73 467.752.41 -0.5712.61 463.34</u></div>
<div><u>Essex Cty 2.45 12.73 467.752.45 12.65 464.81</u></div>
<div><u>Mdsx Low 2.45 12.73 467.752.39 12.59 462.60</u></div>
<div><u>Mdsx High 2.45 12.73 467.752.40 12.60 462.97</u></div>
<div><u>Mdsx Average 2.45 -0.5712.73 467.752.40 -0.5812.60 462.79</u></div>
<div><u>Hensall 2.48 12.76 468.672.45 12.65 464.81</u></div>
<div><u>Bruce 2.45 12.73 467.752.40 12.60 462.97</u></div>
<div><u>Putnam 2.45 12.73 467.752.40 12.60 462.97</u></div>
<div><u>Burford 2.52 12.80 470.322.46 12.66 465.18</u></div>
<div><u>Port Perry 2.45 12.73 467.752.39 12.59 462.60</u></div>
<div><u>Norfolk 2.50 12.78 469.582.45 12.65 464.81</u></div>
<div><u>Palmerston 2.45 12.73 467.752.45 12.65 464.81</u></div>
<div><u>Varna 2.50 12.78 469.582.50 12.70 466.65</u></div>
<div><u>Trenton 2.55 12.83 471.422.50 12.70 466.65</u></div>
<div><u>Winchester 2.45 12.73 467.752.55 12.75 468.48</u></div>
<div><u>North Gower 2.46 12.74 468.112.44 12.64 464.44</u></div>
<div><u>Huron FOB 2.65 12.93 475.102.60 12.80 470.32</u></div>
<div><u>Kent FOB 2.55 12.83 471.422.40 12.60 462.97</u></div>
<div><u>Lambton FOB 2.45 12.73 467.752.60 12.80 470.32</u></div>
<div><u>Middlesex FOB2.58 2.64 N/A N/A 12.86 472.522.48 12.68 465.91</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.01 3.01 N/A N/A 13.29 488.322.87 13.07 480.24</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 12.99 477.302.84 13.04 479.14</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.47 9.81 360.39-0.45 9.75 358.43</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.312 down 0.0020</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR17 HI 4.20 3/4 JUL17 HI 4.43</u></div>
<div><u> LOW 4.14 LOW 4.37</u></div>
<div><u> CLOSE 4.17 1/2 Up 1/4 CLOSE 4.40 Up 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>MAR17 HI 5.40 3/4 SEP17 HI 5.51 1/2</u></div>
<div><u> LOW 5.35 LOW 5.47 3/4</u></div>
<div><u> CLOSE 5.37 3/4 Up 3/4 CLOSE 5.47 3/4 Down 1 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 0.51 0.64 0.42</u></div>
<div><u>CAD $/bu 4.75 4.69 4.82 5.80</u></div>
<div><u>CAD $/tonne 174.56 172.15 176.96 213.20</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 0.50 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 0.38 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 0.50 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 0.23 N/A 0.81 0.81 0.56</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 0.71 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 1.36 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 3.93US 5.14CA 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 0.77 0.77 0.64</u></div>
<div><u>CAD $/bu 5.24 5.17 5.17 6.12</u></div>
<div><u>CAD $/tonne 192.38 189.97 189.97 224.96</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 518.21</u></div>
<div><u>DDG's FOB Srn & Aylm 135.00 - 140.00</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></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:#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: 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;
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<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
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