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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, December 23</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3535 up 0.0067</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.47 3/4 DEC17 HI 3.77 3/4</u></div>
<div><u> LOW 3.45 1/2 LOW 3.75 3/4</u></div>
<div><u> CLOSE3.45 3/4 Down 1 1/2 CLOSE 3.76 1/4 Down 1 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 4.11 161.71 0.80 4.56 179.62</u></div>
<div><u>CK High 0.70 4.16 163.67 0.85 4.61 181.59</u></div>
<div><u>CK Avg 0.69 -0.39 4.15 163.35 0.84 -0.35 4.60 181.26</u></div>
<div><u>Essex Cty 0.55 4.01 157.77 0.75 4.51 177.65</u></div>
<div><u>Mdsx Low 0.70 4.16 163.67 0.85 4.61 181.59</u></div>
<div><u>Mdsx High 0.70 4.16 163.67 0.90 4.66 183.55</u></div>
<div><u>Mdsx Avg 0.70 -0.38 4.16 163.67 0.88 -0.33 4.64 182.57</u></div>
<div><u>Hensall 0.70 4.16 163.67 0.90 4.66 183.55</u></div>
<div><u>Bruce 0.70 4.16 163.67 0.90 4.66 183.55</u></div>
<div><u>Putnam 0.65 4.11 161.71 0.80 4.56 179.62</u></div>
<div><u>Burford 0.70 4.16 163.67 0.85 4.61 181.59</u></div>
<div><u>Port Perry 1.15 4.61 181.39 0.95 4.71 185.52</u></div>
<div><u>Norfolk 0.80 4.26 167.61 0.85 4.61 181.59</u></div>
<div><u>Palmerston 0.80 4.26 167.61 0.80 4.56 179.62</u></div>
<div><u>Varna 0.70 4.16 163.67 0.90 4.66 183.55</u></div>
<div><u>Trenton 1.20 4.66 183.36 0.90 4.66 183.55</u></div>
<div><u>Winchester 1.15 4.61 181.39 1.10 4.86 191.43</u></div>
<div><u>North Gower 1.12 4.58 180.21 1.10 4.86 191.43</u></div>
<div><u>Huron FOB 0.95 4.41 173.52 0.90 4.66 183.55</u></div>
<div><u>Kent FOB 0.90 4.36 171.55 0.85 4.61 181.59</u></div>
<div><u>Lamb FOB 1.10 4.56 179.42 0.90 4.66 183.55</u></div>
<div><u>Mdsx FOB 0.75 0.75N/A N/A 4.21 165.64 0.85 4.61 181.59</u></div>
<div><u>FOB SW Que 1.20 4.66 183.36N/A</u></div>
<div><u>Track 1.27 4.72 185.92N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.15 1.18 1.23 1.21 4.61 181.39 1.05 4.81 189.46</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 1.10 4.86 191.43</u></div>
<div><u>Sarn-Eth 1.20 1.25 1.30 1.25 4.66 183.36N/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 4.81 189.46</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A</u></div>
<div><u>Cardnl-Ing N/A N/A 1.43N/A 1.10 4.86 191.43</u></div>
<div><u>W O Feed 1.54 5.00 196.66</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.76 5.22 205.40</u></div>
<div><u>Toledo El. -0.14 3.32 130.79 -0.34 3.42 134.83</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.13 1/4</u></div>
<div><u>HI SD CRN 0.70 4.15 3/4</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 1.3535 up 0.0067</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JAN17 HI 9.96 3/4 NOV17 HI 9.87 3/4</u></div>
<div><u> LOW 9.87 3/4 LOW 9.80 3/4</u></div>
<div><u> CLOSE9.89 Down 5 1/2 CLOSE 9.81 1/4 Down 6 1/4</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 2.75 12.64 464.442.60 12.41 456.08</u></div>
<div><u>CK High 2.77 12.66 465.182.70 12.51 459.76</u></div>
<div><u>CK Average 2.75 -0.5512.64 464.562.66 -0.5812.47 458.10</u></div>
<div><u>Essex Cty 2.75 12.64 464.442.65 12.46 457.92</u></div>
<div><u>Mdsx Low 2.75 12.64 464.442.65 12.46 457.92</u></div>
<div><u>Mdsx High 2.77 12.66 465.182.66 12.47 458.29</u></div>
<div><u>Mdsx Average 2.76 -0.5412.65 464.812.66 -0.5812.47 458.10</u></div>
<div><u>Hensall 2.78 12.67 465.362.68 12.49 458.84</u></div>
<div><u>Bruce 2.75 12.64 464.442.65 12.46 457.92</u></div>
<div><u>Putnam 2.60 12.49 458.932.55 12.36 454.24</u></div>
<div><u>Burford 2.84 12.73 467.752.73 12.54 460.86</u></div>
<div><u>Port Perry 2.77 12.66 465.182.66 12.47 458.29</u></div>
<div><u>Norfolk 2.80 12.69 466.282.70 12.51 459.76</u></div>
<div><u>Palmerston 2.80 12.69 466.282.70 12.51 459.76</u></div>
<div><u>Varna 2.80 12.69 466.282.70 12.51 459.76</u></div>
<div><u>Trenton 2.75 12.64 464.442.70 12.51 459.76</u></div>
<div><u>Winchester 2.69 12.58 462.242.65 12.46 457.92</u></div>
<div><u>North Gower 2.76 12.65 464.812.74 12.55 461.23</u></div>
<div><u>Huron FOB 2.95 12.84 471.792.80 12.61 463.43</u></div>
<div><u>Kent FOB 2.85 12.74 468.112.65 12.46 457.92</u></div>
<div><u>Lambton FOB 2.80 12.69 466.282.85 12.66 465.27</u></div>
<div><u>Middlesex FOB2.90 2.90 N/A N/A 12.79 469.952.77 12.58 462.33</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.31 3.31 N/A N/A 13.20 485.023.17 12.98 477.03</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 2.95 12.84 471.793.10 12.91 474.45</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.38 9.51 349.47-0.53 9.29 341.19</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3535 up 0.0067</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR17 HI 3.98 1/4 JUL17 HI 4.24 1/2</u></div>
<div><u> LOW 3.92 3/4 LOW 4.20</u></div>
<div><u> CLOSE 3.93 1/2 Down 3 1/2 CLOSE 4.20 3/4 Down 3 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR17 HI 5.35 SEP17 HI 5.41</u></div>
<div><u> LOW 5.30 LOW 5.38</u></div>
<div><u> CLOSE 5.30 3/4 Down 4 1/4 CLOSE 5.38 1/4 Down 2 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 0.65 0.58 0.71 0.59</u></div>
<div><u>CAD $/bu 4.58 4.51 4.65 5.90</u></div>
<div><u>CAD $/tonne 168.29 165.81 170.78 216.64</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 0.70 N/A N/A 0.60 0.60 N/A</u></div>
<div><u>London 0.72 0.72 0.72 N/A 0.75 0.62 0.62 N/A</u></div>
<div><u>Hensall 0.70 N/A 0.70 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 0.80 N/A</u></div>
<div><u>Bruce 0.70 0.65 0.70 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 0.45 N/A</u></div>
<div><u>Norwich 0.70 N/A 0.70 N/A 0.70 N/A 0.60 N/A</u></div>
<div><u>Port Hope N/A 0.70 0.70 N/A N/A 0.55 0.60 N/A</u></div>
<div><u>Kent Bridge 0.70 N/A 0.70 N/A 0.70 N/A 0.60 N/A</u></div>
<div><u>Chatham N/A N/A 0.72 N/A N/A N/A 0.62 N/A</u></div>
<div><u>Brigden N/A N/A 0.72 N/A N/A N/A 0.62 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 0.70 0.70 0.70 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 0.61 0.38 N/A 0.86 0.92 0.70</u></div>
<div><u>W O Feed 1.51</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Prescott N/A N/A 0.80 N/A N/A N/A 1.00 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.39 N/A N/A N/A 1.47 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 3.79US 5.12CA 4.01US 5.41CA</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 0.93 0.87 0.87 0.81</u></div>
<div><u>CAD $/bu 5.14 5.07 5.07 6.19</u></div>
<div><u>CAD $/tonne 188.94 186.46 186.46 227.40</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 518.10</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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