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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, December 19</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3397 up 0.0059</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.56 3/4 DEC17 HI 3.87</u></div>
<div><u> LOW 3.51 1/2 LOW 3.82</u></div>
<div><u> CLOSE3.53 1/4 Down 3 CLOSE 3.84 1/4 Down 2 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 0.65 4.18 164.66 0.80 4.64 182.77</u></div>
<div><u>CK High 0.65 4.18 164.66 0.85 4.69 184.74</u></div>
<div><u>CK Avg 0.65 -0.41 4.18 164.66 0.81 -0.37 4.65 183.10</u></div>
<div><u>Essex Cty 0.55 4.08 160.72 0.75 4.59 180.80</u></div>
<div><u>Mdsx Low 0.65 4.18 164.66 0.80 4.64 182.77</u></div>
<div><u>Mdsx High 0.65 4.18 164.66 0.80 4.64 182.77</u></div>
<div><u>Mdsx Avg 0.65 -0.41 4.18 164.66 0.80 -0.37 4.64 182.77</u></div>
<div><u>Hensall 0.65 4.18 164.66 0.83 4.67 183.75</u></div>
<div><u>Bruce 0.65 4.18 164.66 0.80 4.64 182.77</u></div>
<div><u>Putnam 0.65 4.18 164.66 0.80 4.64 182.77</u></div>
<div><u>Burford 0.65 4.18 164.66 0.80 4.64 182.77</u></div>
<div><u>Port Perry 1.10 4.63 182.37 0.90 4.74 186.70</u></div>
<div><u>Norfolk 0.75 4.28 168.59 0.80 4.64 182.77</u></div>
<div><u>Palmerston 0.80 4.33 170.56 0.80 4.64 182.77</u></div>
<div><u>Varna 0.65 4.18 164.66 0.85 4.69 184.74</u></div>
<div><u>Trenton 1.20 4.73 186.31 0.90 4.74 186.70</u></div>
<div><u>Winchester 1.15 4.68 184.34 1.12 4.96 195.36</u></div>
<div><u>North Gower 1.10 4.63 182.37 1.10 4.94 194.58</u></div>
<div><u>Huron FOB 0.95 4.48 176.47 0.87 4.71 185.52</u></div>
<div><u>Kent FOB 0.85 4.38 172.53 0.80 4.64 182.77</u></div>
<div><u>Lamb FOB 1.00 4.53 178.44 0.85 4.69 184.74</u></div>
<div><u>Mdsx FOB 0.70 0.70 0.75N/A 4.23 166.63 0.80 4.64 182.77</u></div>
<div><u>FOB SW Que 1.10 4.63 182.37N/A</u></div>
<div><u>Track 1.27 4.80 188.87N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.15 1.18 1.23 1.21 4.68 184.34 1.00 4.84 190.64</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 4.84 190.64</u></div>
<div><u>Sarn-Eth 1.15 1.20 1.25 1.25 4.68 184.34N/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 4.89 192.61</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 4.84 190.64 1.10 4.94 194.58</u></div>
<div><u>W O Feed 1.49 5.03 197.88</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.74 5.27 207.57</u></div>
<div><u>Toledo El. -0.13 3.40 133.79 -0.33 3.51 138.11</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.65 4.18 1/4</u></div>
<div><u>HI SD CRN 0.65 4.18 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 1.3397 up 0.0059</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JAN17 HI 10.39 NOV17 HI 10.21</u></div>
<div><u> LOW 10.20 1/2 LOW 10.09 1/2</u></div>
<div><u> CLOSE10.21 1/2 Down 15 1/4 CLOSE 10.12 Down 7 3/4</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 2.60 12.82 470.872.55 12.67 465.54</u></div>
<div><u>CK High 2.70 12.92 474.552.65 12.77 469.22</u></div>
<div><u>CK Average 2.67 -0.6012.88 473.382.60 -0.6112.72 467.20</u></div>
<div><u>Essex Cty 2.60 12.82 470.872.60 12.72 467.38</u></div>
<div><u>Mdsx Low 2.66 12.88 473.082.55 12.67 465.54</u></div>
<div><u>Mdsx High 2.70 12.92 474.552.60 12.72 467.38</u></div>
<div><u>Mdsx Average 2.68 -0.5912.90 473.812.58 -0.6312.70 466.46</u></div>
<div><u>Hensall 2.70 12.92 474.552.63 12.75 468.30</u></div>
<div><u>Bruce 2.70 12.92 474.552.60 12.72 467.38</u></div>
<div><u>Putnam 2.60 12.82 470.872.55 12.67 465.54</u></div>
<div><u>Burford 2.73 12.95 475.652.62 12.74 468.11</u></div>
<div><u>Port Perry 2.66 12.88 473.082.55 12.67 465.54</u></div>
<div><u>Norfolk 2.75 12.97 476.382.65 12.77 469.22</u></div>
<div><u>Palmerston 2.65 12.87 472.712.65 12.77 469.22</u></div>
<div><u>Varna 2.70 12.92 474.552.65 12.77 469.22</u></div>
<div><u>Trenton 2.75 12.97 476.382.65 12.77 469.22</u></div>
<div><u>Winchester 2.71 12.93 474.912.61 12.73 467.75</u></div>
<div><u>North Gower 2.67 12.89 473.442.72 12.84 471.79</u></div>
<div><u>Huron FOB 2.85 13.07 480.062.75 12.87 472.89</u></div>
<div><u>Kent FOB 2.80 13.02 478.222.60 12.72 467.38</u></div>
<div><u>Lambton FOB 2.80 13.02 478.222.80 12.92 474.73</u></div>
<div><u>Middlesex FOB2.90 2.90 2.95 N/A 13.12 481.892.72 12.84 471.79</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.28 3.28 N/A N/A 13.50 495.863.12 13.24 486.49</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 13.15 483.003.06 13.18 484.28</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.43 9.79 359.59-0.45 9.67 355.13</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3397 up 0.0059</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR17 HI 4.13 JUL17 HI 4.38 1/2</u></div>
<div><u> LOW 4.03 LOW 4.29 1/4</u></div>
<div><u> CLOSE 4.05 Down 4 1/4 CLOSE 4.31 1/4 Down 3 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR17 HI 5.44 1/4 SEP17 HI 5.49 1/4</u></div>
<div><u> LOW 5.40 1/2 LOW 5.46</u></div>
<div><u> CLOSE 5.41 3/4 Down 2 1/2 CLOSE 5.46 1/2 Down 1 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 0.64 0.57 0.71 0.57</u></div>
<div><u>CAD $/bu 4.69 4.62 4.76 5.98</u></div>
<div><u>CAD $/tonne 172.29 169.82 174.75 219.91</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 0.65 0.65 0.65 N/A 0.60 0.60 0.53 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 0.44 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 0.70 0.70 0.70 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 0.09 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.47 0.60 0.35 N/A 0.88 0.88 0.65</u></div>
<div><u>W O Feed 1.49</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 1.38 N/A N/A N/A 1.46 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 3.80US 5.09CA 4.11US 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 0.92 0.85 0.85 0.78</u></div>
<div><u>CAD $/bu 5.23 5.17 5.17 6.24</u></div>
<div><u>CAD $/tonne 192.31 189.85 189.85 229.29</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 520.52</u></div>
<div><u>DDG's FOB Srn & Aylm 135.00 - 140.00</u></div>
<div><u><br>
</u></div>
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</u></div>
<div>
<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;
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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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);"> to
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p></o:p></span></span></p>
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