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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 28</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 slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.54 3/4 DEC17 HI 3.84</u></div>
<div><u> LOW 3.47 1/4 LOW 3.77 3/4</u></div>
<div><u> CLOSE3.48 1/4 Down 6 3/4 CLOSE 3.78 1/4 Down 6</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 4.13 162.69 0.80 4.58 180.41</u></div>
<div><u>CK High 0.70 4.18 164.66 0.85 4.63 182.37</u></div>
<div><u>CK Avg 0.69 -0.40 4.17 164.33 0.84 -0.36 4.62 182.05</u></div>
<div><u>Essex Cty 0.55 4.03 158.75 0.75 4.53 178.44</u></div>
<div><u>Mdsx Low 0.70 4.18 164.66 0.85 4.63 182.37</u></div>
<div><u>Mdsx High 0.70 4.18 164.66 0.90 4.68 184.34</u></div>
<div><u>Mdsx Avg 0.70 -0.39 4.18 164.66 0.88 -0.34 4.66 183.36</u></div>
<div><u>Hensall 0.70 4.18 164.66 0.90 4.68 184.34</u></div>
<div><u>Bruce 0.70 4.18 164.66 0.90 4.68 184.34</u></div>
<div><u>Putnam 0.65 4.13 162.69 0.80 4.58 180.41</u></div>
<div><u>Burford 0.70 4.18 164.66 0.85 4.63 182.37</u></div>
<div><u>Port Perry 1.15 4.63 182.37 0.95 4.73 186.31</u></div>
<div><u>Norfolk 0.80 4.28 168.59 0.85 4.63 182.37</u></div>
<div><u>Palmerston 0.80 4.28 168.59 0.80 4.58 180.41</u></div>
<div><u>Varna 0.70 4.18 164.66 0.90 4.68 184.34</u></div>
<div><u>Trenton 1.20 4.68 184.34 0.95 4.73 186.31</u></div>
<div><u>Winchester 1.15 4.63 182.37 1.10 4.88 192.22</u></div>
<div><u>North Gower 1.17 4.65 183.16 1.10 4.88 192.22</u></div>
<div><u>Huron FOB 1.00 4.48 176.47 0.90 4.68 184.34</u></div>
<div><u>Kent FOB 0.90 4.38 172.53 0.85 4.63 182.37</u></div>
<div><u>Lamb FOB 1.10 4.58 180.41 0.90 4.68 184.34</u></div>
<div><u>Mdsx FOB 0.75 0.75N/A N/A 4.23 166.63 0.85 4.63 182.37</u></div>
<div><u>FOB SW Que N/A N/A</u></div>
<div><u>Track 1.32 4.80 188.87N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.15 1.18 1.23 1.21 4.63 182.37 1.05 4.83 190.25</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 4.88 192.22</u></div>
<div><u>Sarn-Eth 1.20 1.25 1.30 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 4.83 190.25</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 4.88 192.22</u></div>
<div><u>W O Feed 1.54 5.02 197.81</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.78 5.26 207.18</u></div>
<div><u>Toledo El. -0.14 3.35 131.77 -0.34 3.44 135.60</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.15 3/4</u></div>
<div><u>HI SD CRN 0.70 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 1.3535 up 0.0000</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JAN17 HI 10.18 3/4 NOV17 HI 10.05</u></div>
<div><u> LOW 10.01 1/2 LOW 9.92</u></div>
<div><u> CLOSE10.06 3/4 Down 8 CLOSE 9.96 Down 6 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 2.75 12.82 470.962.65 12.61 463.34</u></div>
<div><u>CK High 2.85 12.92 474.642.80 12.76 468.85</u></div>
<div><u>CK Average 2.83 -0.5412.89 473.722.73 -0.5812.69 466.09</u></div>
<div><u>Essex Cty 2.75 12.82 470.962.65 12.61 463.34</u></div>
<div><u>Mdsx Low 2.82 12.89 473.532.69 12.65 464.81</u></div>
<div><u>Mdsx High 2.85 12.92 474.642.75 12.71 467.01</u></div>
<div><u>Mdsx Average 2.84 -0.5312.90 474.092.72 -0.5812.68 465.91</u></div>
<div><u>Hensall 2.85 12.92 474.642.75 12.71 467.01</u></div>
<div><u>Bruce 2.85 12.92 474.642.75 12.71 467.01</u></div>
<div><u>Putnam 2.60 12.67 465.452.55 12.51 459.66</u></div>
<div><u>Burford 2.88 12.95 475.742.75 12.71 467.01</u></div>
<div><u>Port Perry 2.82 12.89 473.532.69 12.65 464.81</u></div>
<div><u>Norfolk 2.85 12.92 474.642.75 12.71 467.01</u></div>
<div><u>Palmerston 2.80 12.87 472.802.70 12.66 465.18</u></div>
<div><u>Varna 2.85 12.92 474.642.75 12.71 467.01</u></div>
<div><u>Trenton 2.80 12.87 472.802.75 12.71 467.01</u></div>
<div><u>Winchester 2.75 12.82 470.962.65 12.61 463.34</u></div>
<div><u>North Gower 2.86 12.93 475.002.84 12.80 470.32</u></div>
<div><u>Huron FOB 3.00 13.07 480.152.85 12.81 470.69</u></div>
<div><u>Kent FOB 2.90 12.97 476.472.70 12.66 465.18</u></div>
<div><u>Lambton FOB 2.90 12.97 476.472.95 12.91 474.36</u></div>
<div><u>Middlesex FOB3.03 3.03 N/A N/A 13.10 481.252.86 12.82 471.05</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.37 3.37 N/A N/A 13.44 493.743.22 13.18 484.28</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 13.02 478.313.10 13.06 479.87</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.35 9.72 356.99-0.53 9.43 346.59</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 moderately lower.</u></div>
<div><u>MAR17 HI 4.10 JUL17 HI 4.35</u></div>
<div><u> LOW 4.00 1/4 LOW 4.27 1/4</u></div>
<div><u> CLOSE 4.01 1/2 Down 8 CLOSE 4.28 1/2 Down 6</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>MAR17 HI 5.39 SEP17 HI 5.42 1/4</u></div>
<div><u> LOW 5.30 1/4 LOW 5.37</u></div>
<div><u> CLOSE 5.30 3/4 Down 8 1/4 CLOSE 5.37 Down 6</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 0.67 0.61 0.74 0.59</u></div>
<div><u>CAD $/bu 4.69 4.62 4.76 5.90</u></div>
<div><u>CAD $/tonne 172.31 169.82 174.79 216.69</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 0.77 0.77 0.77 N/A 0.79 0.65 0.65 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 0.23 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.54 0.68 0.43 N/A 0.97 0.97 0.74</u></div>
<div><u>W O Feed 1.54</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 1.42 N/A N/A N/A 1.51 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 3.87US 5.23CA 4.09US 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 0.97 0.90 0.90 0.81</u></div>
<div><u>CAD $/bu 5.25 5.19 5.19 6.18</u></div>
<div><u>CAD $/tonne 193.06 190.58 190.58 227.10</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 521.73</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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