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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 14</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3123 up 0.0003</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.62 DEC17 HI 3.90 1/2</u></div>
<div><u> LOW 3.58 1/4 LOW 3.87</u></div>
<div><u> CLOSE3.62 Up 1 CLOSE 3.90 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 4.22 166.13 0.75 4.65 183.06</u></div>
<div><u>CK High 0.65 4.27 168.10 0.85 4.75 187.00</u></div>
<div><u>CK Avg 0.62 -0.42 4.24 166.79 0.78 -0.36 4.68 184.05</u></div>
<div><u>Essex Cty 0.55 4.17 164.17 0.75 4.65 183.06</u></div>
<div><u>Mdsx Low 0.60 4.22 166.13 0.75 4.65 183.06</u></div>
<div><u>Mdsx High 0.60 4.22 166.13 0.75 4.65 183.06</u></div>
<div><u>Mdsx Avg 0.60 -0.43 4.22 166.13 0.75 -0.38 4.65 183.06</u></div>
<div><u>Hensall 0.60 4.22 166.13 0.78 4.68 184.05</u></div>
<div><u>Bruce 0.60 4.22 166.13 0.75 4.65 183.06</u></div>
<div><u>Putnam 0.60 4.22 166.13 0.80 4.70 185.03</u></div>
<div><u>Burford 0.60 4.22 166.13 0.75 4.65 183.06</u></div>
<div><u>Port Perry 1.05 4.67 183.85 0.85 4.75 187.00</u></div>
<div><u>Norfolk 0.70 4.32 170.07 0.75 4.65 183.06</u></div>
<div><u>Palmerston 0.80 4.42 174.01 0.80 4.70 185.03</u></div>
<div><u>Varna 0.60 4.22 166.13 0.80 4.70 185.03</u></div>
<div><u>Trenton 1.15 4.77 187.79 0.90 4.80 188.97</u></div>
<div><u>Winchester 1.18 4.80 188.97 1.12 5.02 197.63</u></div>
<div><u>North Gower 1.10 4.72 185.82 1.10 5.00 196.84</u></div>
<div><u>Huron FOB 0.90 4.52 177.94 0.90 4.80 188.97</u></div>
<div><u>Kent FOB 0.80 4.42 174.01 0.75 4.65 183.06</u></div>
<div><u>Lamb FOB 0.95 4.57 179.91 0.80 4.70 185.03</u></div>
<div><u>Mdsx FOB 0.70 0.75N/A N/A 4.32 170.07 0.80 4.70 185.03</u></div>
<div><u>FOB SW Que 1.10 4.72 185.82N/A</u></div>
<div><u>Track 1.23 4.85 190.74N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.15 1.18 1.23 1.21 4.77 187.79 1.00 4.90 192.90</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 4.90 192.90</u></div>
<div><u>Sarn-Eth 1.15 1.20 1.25 1.25 4.77 187.79N/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 4.95 194.87</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 4.93 194.09 1.10 5.00 196.84</u></div>
<div><u>W O Feed 1.48 5.10 200.94</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.65 5.27 207.47</u></div>
<div><u>Toledo El. -0.13 3.49 137.30 -0.33 3.57 140.54</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.62 1/2 4.24 1/2</u></div>
<div><u>HI SD CRN 0.65 4.27</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 1.3123 up 0.0003</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JAN17 HI 10.29 1/4 NOV17 HI 10.20 1/2</u></div>
<div><u> LOW 10.20 3/4 LOW 10.13 3/4</u></div>
<div><u> CLOSE10.23 3/4 Down 4 1/4 CLOSE 10.16 Down 4</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 2.40 12.64 464.352.35 12.51 459.66</u></div>
<div><u>CK High 2.45 12.69 466.192.40 12.56 461.50</u></div>
<div><u>CK Average 2.41 -0.6812.65 464.652.37 -0.6712.53 460.40</u></div>
<div><u>Essex Cty 2.40 12.64 464.352.40 12.56 461.50</u></div>
<div><u>Mdsx Low 2.40 12.64 464.352.35 12.51 459.66</u></div>
<div><u>Mdsx High 2.40 12.64 464.352.35 12.51 459.66</u></div>
<div><u>Mdsx Average 2.40 -0.6912.64 464.352.35 -0.6912.51 459.66</u></div>
<div><u>Hensall 2.43 12.66 465.272.40 12.56 461.50</u></div>
<div><u>Bruce 2.40 12.64 464.352.35 12.51 459.66</u></div>
<div><u>Putnam 2.45 12.69 466.192.40 12.56 461.50</u></div>
<div><u>Burford 2.47 12.71 466.922.42 12.58 462.24</u></div>
<div><u>Port Perry 2.40 12.64 464.352.35 12.51 459.66</u></div>
<div><u>Norfolk 2.45 12.69 466.192.40 12.56 461.50</u></div>
<div><u>Palmerston 2.45 12.69 466.192.45 12.61 463.34</u></div>
<div><u>Varna 2.45 12.69 466.192.45 12.61 463.34</u></div>
<div><u>Trenton 2.50 12.74 468.022.45 12.61 463.34</u></div>
<div><u>Winchester 2.43 12.67 465.452.55 12.71 467.01</u></div>
<div><u>North Gower 2.52 12.76 468.762.52 12.68 465.91</u></div>
<div><u>Huron FOB 2.60 12.84 471.702.60 12.76 468.85</u></div>
<div><u>Kent FOB 2.50 12.74 468.022.35 12.51 459.66</u></div>
<div><u>Lambton FOB 2.45 12.69 466.192.55 12.71 467.01</u></div>
<div><u>Middlesex FOB2.60 2.60 N/A N/A 12.84 471.702.46 12.62 463.71</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.01 3.01 N/A N/A 13.25 486.762.87 13.03 478.77</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 2.69 12.93 475.002.83 12.99 477.30</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.48 9.76 358.66-0.45 9.71 356.82</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3123 up 0.0003</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR17 HI 4.18 1/2 JUL17 HI 4.41 1/2</u></div>
<div><u> LOW 4.13 LOW 4.36</u></div>
<div><u> CLOSE 4.18 Up 1/2 CLOSE 4.41 Up 1</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR17 HI 5.44 1/2 SEP17 HI 5.50 1/4</u></div>
<div><u> LOW 5.35 3/4 LOW 5.45 1/2</u></div>
<div><u> CLOSE 5.41 1/4 Up 3 1/2 CLOSE 5.49 1/4 Up 1 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 0.62 0.56 0.69 0.49</u></div>
<div><u>CAD $/bu 4.80 4.74 4.87 5.91</u></div>
<div><u>CAD $/tonne 176.51 174.08 178.94 216.99</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 0.55 0.55 0.55 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 0.12 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.42 0.57 0.22 N/A 0.80 0.80 0.54</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 0.65 N/A 0.85 0.91 0.71</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.35 N/A N/A N/A 1.41 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 3.93US 5.20CA 4.21US 5.56CA</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 0.89 0.82 0.82 0.70</u></div>
<div><u>CAD $/bu 5.30 5.23 5.23 6.20</u></div>
<div><u>CAD $/tonne 194.59 192.16 192.16 227.71</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 512.36</u></div>
<div><u>DDG's FOB Srn & Aylm 135.00 - 140.00</u></div>
<div><br>
</div>
<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>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530"><span style="font-size:10.0pt;line-height:115%;
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none">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:10.0pt;
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<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"> </span></span></span><span class="object"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;
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