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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, December 27</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3535 up 0.0000</u></div>
<div><u>Chicago corn closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.56 DEC17 HI 3.85 1/4</u></div>
<div><u> LOW 3.46 1/4 LOW 3.76 1/2</u></div>
<div><u> CLOSE3.55 Up 9 1/4 CLOSE 3.84 1/4 Up 8</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 4.20 165.35 0.80 4.64 182.77</u></div>
<div><u>CK High 0.70 4.25 167.32 0.85 4.69 184.74</u></div>
<div><u>CK Avg 0.69 -0.42 4.24 166.99 0.84 -0.38 4.68 184.41</u></div>
<div><u>Essex Cty 0.55 4.10 161.41 0.75 4.59 180.80</u></div>
<div><u>Mdsx Low 0.70 4.25 167.32 0.85 4.69 184.74</u></div>
<div><u>Mdsx High 0.70 4.25 167.32 0.90 4.74 186.70</u></div>
<div><u>Mdsx Avg 0.70 -0.42 4.25 167.32 0.88 -0.36 4.72 185.72</u></div>
<div><u>Hensall 0.70 4.25 167.32 0.90 4.74 186.70</u></div>
<div><u>Bruce 0.70 4.25 167.32 0.90 4.74 186.70</u></div>
<div><u>Putnam 0.65 4.20 165.35 0.80 4.64 182.77</u></div>
<div><u>Burford 0.70 4.25 167.32 0.85 4.69 184.74</u></div>
<div><u>Port Perry 1.15 4.70 185.03 0.95 4.79 188.67</u></div>
<div><u>Norfolk 0.80 4.35 171.25 0.85 4.69 184.74</u></div>
<div><u>Palmerston 0.80 4.35 171.25 0.80 4.64 182.77</u></div>
<div><u>Varna 0.70 4.25 167.32 0.90 4.74 186.70</u></div>
<div><u>Trenton 1.20 4.75 187.00 0.90 4.74 186.70</u></div>
<div><u>Winchester 1.15 4.70 185.03 1.10 4.94 194.58</u></div>
<div><u>North Gower 1.12 4.67 183.85 1.10 4.94 194.58</u></div>
<div><u>Huron FOB 0.95 4.50 177.16 0.90 4.74 186.70</u></div>
<div><u>Kent FOB 0.90 4.45 175.19 0.85 4.69 184.74</u></div>
<div><u>Lamb FOB 1.10 4.65 183.06 0.90 4.74 186.70</u></div>
<div><u>Mdsx FOB 0.75 0.75N/A N/A 4.30 169.28 0.85 4.69 184.74</u></div>
<div><u>FOB SW Que 1.20 4.75 187.00N/A</u></div>
<div><u>Track 1.27 4.82 189.56N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.15 1.18 1.23 1.21 4.70 185.03 1.05 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 1.10 4.94 194.58</u></div>
<div><u>Sarn-Eth 1.20 1.25 1.30 1.25 4.75 187.00N/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 N/A N/A 1.43N/A 1.10 4.94 194.58</u></div>
<div><u>W O Feed 1.54 5.09 200.31</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.76 5.31 209.05</u></div>
<div><u>Toledo El. -0.14 3.41 134.42 -0.34 3.50 137.95</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.22 1/2</u></div>
<div><u>HI SD CRN 0.70 4.25</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 0.0000</u></div>
<div><u>Chicago soybeans closed moderately higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN17 HI 10.15 1/4 NOV17 HI 10.02 3/4</u></div>
<div><u> LOW 9.89 1/4 LOW 9.80 3/4</u></div>
<div><u> CLOSE10.14 3/4 Up 25 3/4 CLOSE 10.02 1/2 Up 21 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 12.90 473.902.60 12.63 463.89</u></div>
<div><u>CK High 2.77 12.92 474.642.70 12.73 467.56</u></div>
<div><u>CK Average 2.75 -0.6312.90 474.022.66 -0.6612.68 465.91</u></div>
<div><u>Essex Cty 2.75 12.90 473.902.65 12.68 465.73</u></div>
<div><u>Mdsx Low 2.75 12.90 473.902.65 12.68 465.73</u></div>
<div><u>Mdsx High 2.77 12.92 474.642.66 12.69 466.09</u></div>
<div><u>Mdsx Average 2.76 -0.6312.91 474.272.66 -0.6612.68 465.91</u></div>
<div><u>Hensall 2.78 12.92 474.822.68 12.70 466.65</u></div>
<div><u>Bruce 2.75 12.90 473.902.65 12.68 465.73</u></div>
<div><u>Putnam 2.60 12.75 468.392.55 12.58 462.05</u></div>
<div><u>Burford 2.84 12.99 477.212.73 12.76 468.67</u></div>
<div><u>Port Perry 2.77 12.92 474.642.66 12.69 466.09</u></div>
<div><u>Norfolk 2.80 12.95 475.742.70 12.73 467.56</u></div>
<div><u>Palmerston 2.80 12.95 475.742.70 12.73 467.56</u></div>
<div><u>Varna 2.80 12.95 475.742.70 12.73 467.56</u></div>
<div><u>Trenton 2.75 12.90 473.902.70 12.73 467.56</u></div>
<div><u>Winchester 2.69 12.84 471.702.65 12.68 465.73</u></div>
<div><u>North Gower 2.76 12.91 474.272.74 12.77 469.03</u></div>
<div><u>Huron FOB 2.95 13.10 481.252.80 12.83 471.24</u></div>
<div><u>Kent FOB 2.85 13.00 477.582.65 12.68 465.73</u></div>
<div><u>Lambton FOB 2.80 12.95 475.742.85 12.88 473.08</u></div>
<div><u>Middlesex FOB2.90 2.90 N/A N/A 13.05 479.412.77 12.80 470.14</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.31 3.31 N/A N/A 13.46 494.483.17 13.20 484.83</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 13.10 481.253.10 13.13 482.26</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.37 9.78 359.40-0.53 9.50 348.96</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3535 up 0.0000</u></div>
<div><u>Chicago wheat closed higher.</u></div>
<div><u>MAR17 HI 4.11 JUL17 HI 4.36</u></div>
<div><u> LOW 3.94 1/2 LOW 4.21 3/4</u></div>
<div><u> CLOSE 4.09 1/2 Up 16 CLOSE 4.34 1/2 Up 13 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>MAR17 HI 5.41 SEP17 HI 5.45 1/4</u></div>
<div><u> LOW 5.30 3/4 LOW 5.42</u></div>
<div><u> CLOSE 5.39 Up 8 1/4 CLOSE 5.43 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 0.71 0.64 0.78 0.63</u></div>
<div><u>CAD $/bu 4.81 4.74 4.87 6.02</u></div>
<div><u>CAD $/tonne 176.62 174.13 179.11 221.21</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 0.70 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 0.44 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 0.17 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.47 0.61 0.38 N/A 0.85 0.91 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 1.46 N/A N/A N/A 1.54 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 3.95US 5.35CA 4.15US 5.61CA</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 1.00 0.93 0.93 0.84</u></div>
<div><u>CAD $/bu 5.34 5.27 5.27 6.27</u></div>
<div><u>CAD $/tonne 196.23 193.74 193.74 230.30</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 528.90</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;
background:#FDFDFD"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
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<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario<u><o:p></o:p></u></span></span></p>
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