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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, December 16</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3338 down 0.0059</u></div>
<div><u>Chicago corn closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.59 DEC17 HI 3.88</u></div>
<div><u> LOW 3.53 1/2 LOW 3.83 1/4</u></div>
<div><u> CLOSE3.56 1/4 Down 1/4 CLOSE 3.86 1/2 Up 1/2</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 0.65 4.21 165.84 0.80 4.67 183.65</u></div>
<div><u>CK High 0.65 4.21 165.84 0.85 4.72 185.62</u></div>
<div><u>CK Avg 0.65 -0.40 4.21 165.84 0.81 -0.35 4.67 183.98</u></div>
<div><u>Essex Cty 0.55 4.11 161.90 0.75 4.62 181.68</u></div>
<div><u>Mdsx Low 0.65 4.21 165.84 0.80 4.67 183.65</u></div>
<div><u>Mdsx High 0.65 4.21 165.84 0.80 4.67 183.65</u></div>
<div><u>Mdsx Avg 0.65 -0.40 4.21 165.84 0.80 -0.36 4.67 183.65</u></div>
<div><u>Hensall 0.65 4.21 165.84 0.83 4.69 184.64</u></div>
<div><u>Bruce 0.65 4.21 165.84 0.80 4.67 183.65</u></div>
<div><u>Putnam 0.65 4.21 165.84 0.80 4.67 183.65</u></div>
<div><u>Burford 0.65 4.21 165.84 0.80 4.67 183.65</u></div>
<div><u>Port Perry 1.10 4.66 183.55 0.90 4.77 187.59</u></div>
<div><u>Norfolk 0.75 4.31 169.78 0.80 4.67 183.65</u></div>
<div><u>Palmerston 0.80 4.36 171.74 0.80 4.67 183.65</u></div>
<div><u>Varna 0.65 4.21 165.84 0.85 4.72 185.62</u></div>
<div><u>Trenton 1.20 4.76 187.49 0.90 4.77 187.59</u></div>
<div><u>Winchester 1.15 4.71 185.52 1.12 4.99 196.25</u></div>
<div><u>North Gower 1.10 4.66 183.55 1.10 4.97 195.46</u></div>
<div><u>Huron FOB 0.92 4.48 176.47 0.87 4.74 186.41</u></div>
<div><u>Kent FOB 0.85 4.41 173.71 0.80 4.67 183.65</u></div>
<div><u>Lamb FOB 1.00 4.56 179.62 0.85 4.72 185.62</u></div>
<div><u>Mdsx FOB 0.70 0.70 0.75N/A 4.26 167.81 0.80 4.67 183.65</u></div>
<div><u>FOB SW Que 1.10 4.66 183.55N/A</u></div>
<div><u>Track 1.27 4.83 190.05N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.15 1.18 1.23 1.21 4.71 185.52 1.00 4.87 191.53</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 4.87 191.53</u></div>
<div><u>Sarn-Eth 1.15 1.20 1.25 1.25 4.71 185.52N/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 4.92 193.49</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 4.87 191.82 1.10 4.97 195.46</u></div>
<div><u>W O Feed 1.48 5.05 198.67</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.73 5.29 208.36</u></div>
<div><u>Toledo El. -0.13 3.43 135.00 -0.33 3.53 139.06</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.65 4.21 1/4</u></div>
<div><u>HI SD CRN 0.65 4.21 1/4</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 1.3338 down 0.0059</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN17 HI 10.38 NOV17 HI 10.21 1/2</u></div>
<div><u> LOW 10.23 LOW 10.11 1/4</u></div>
<div><u> CLOSE10.36 3/4 Up 7 3/4 CLOSE 10.19 3/4 Up 3 1/2</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 2.60 12.97 476.472.55 12.75 468.39</u></div>
<div><u>CK High 2.75 13.12 481.992.65 12.85 472.06</u></div>
<div><u>CK Average 2.66 -0.6013.03 478.802.60 -0.5812.79 470.11</u></div>
<div><u>Essex Cty 2.60 12.97 476.472.60 12.80 470.23</u></div>
<div><u>Mdsx Low 2.65 13.02 478.312.56 12.76 468.76</u></div>
<div><u>Mdsx High 2.68 13.05 479.412.60 12.80 470.23</u></div>
<div><u>Mdsx Average 2.67 -0.6013.03 478.862.58 -0.6012.78 469.49</u></div>
<div><u>Hensall 2.63 12.99 477.392.60 12.80 470.23</u></div>
<div><u>Bruce 2.65 13.02 478.312.60 12.80 470.23</u></div>
<div><u>Putnam 2.60 12.97 476.472.55 12.75 468.39</u></div>
<div><u>Burford 2.75 13.12 481.992.63 12.83 471.33</u></div>
<div><u>Port Perry 2.68 13.05 479.412.56 12.76 468.76</u></div>
<div><u>Norfolk 2.70 13.07 480.152.65 12.85 472.06</u></div>
<div><u>Palmerston 2.65 13.02 478.312.65 12.85 472.06</u></div>
<div><u>Varna 2.60 12.97 476.472.60 12.80 470.23</u></div>
<div><u>Trenton 2.70 13.07 480.152.65 12.85 472.06</u></div>
<div><u>Winchester 2.70 13.07 480.152.60 12.80 470.23</u></div>
<div><u>North Gower 2.66 13.03 478.682.69 12.89 473.53</u></div>
<div><u>Huron FOB 2.75 13.12 481.992.70 12.90 473.90</u></div>
<div><u>Kent FOB 2.75 13.12 481.992.60 12.80 470.23</u></div>
<div><u>Lambton FOB 2.65 13.02 478.312.80 13.00 477.58</u></div>
<div><u>Middlesex FOB2.92 2.92 2.97 N/A 13.29 488.232.73 12.93 475.00</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.28 3.28 N/A N/A 13.65 501.463.10 13.30 488.60</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 2.93 13.30 488.603.06 13.26 487.13</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.43 9.94 365.25-0.45 9.75 358.07</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3338 down 0.0059</u></div>
<div><u>Chicago wheat closed steady to slightly higher.</u></div>
<div><u>MAR17 HI 4.11 JUL17 HI 4.35 3/4</u></div>
<div><u> LOW 4.04 1/2 LOW 4.30</u></div>
<div><u> CLOSE 4.09 1/4 Unchanged CLOSE 4.34 3/4 Up 1</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>MAR17 HI 5.45 3/4 SEP17 HI 5.49 1/4</u></div>
<div><u> LOW 5.37 LOW 5.45</u></div>
<div><u> CLOSE 5.44 1/4 Up 6 1/4 CLOSE 5.48 1/4 Up 4 3/4</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 0.63 0.57 0.70 0.55</u></div>
<div><u>CAD $/bu 4.73 4.66 4.79 5.99</u></div>
<div><u>CAD $/tonne 173.65 171.19 176.10 220.21</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 0.65 N/A N/A 0.60 0.60 N/A</u></div>
<div><u>London 0.66 0.66 0.66 N/A 0.61 0.61 0.54 N/A</u></div>
<div><u>Hensall 0.65 N/A 0.65 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 0.70 N/A</u></div>
<div><u>Bruce 0.65 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 0.65 N/A 0.65 N/A 0.70 N/A 0.60 N/A</u></div>
<div><u>Port Hope N/A 0.65 0.65 N/A N/A 0.55 0.60 N/A</u></div>
<div><u>Kent Bridge 0.65 N/A 0.65 N/A 0.70 N/A 0.60 N/A</u></div>
<div><u>Chatham N/A N/A 0.65 N/A N/A N/A 0.60 N/A</u></div>
<div><u>Brigden N/A N/A 0.65 N/A N/A N/A 0.60 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 0.65 0.65 0.65 N/A 0.65 0.60 0.60 N/A</u></div>
<div><u>Mitchell 0.65 0.65 0.65 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 0.47 0.60 0.33 N/A 0.88 0.88 0.64</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 0.80 0.65 N/A 0.85 1.01 0.71</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.37 N/A N/A N/A 1.44 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 3.84US 5.13CA 4.15US 5.52CA</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 0.91 0.84 0.84 0.75</u></div>
<div><u>CAD $/bu 5.25 5.19 5.19 6.23</u></div>
<div><u>CAD $/tonne 193.01 190.56 190.56 228.95</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 525.92</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:#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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