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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, January 3</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3438 up 0.0011</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.58 1/2 DEC17 HI 3.85 3/4</u></div>
<div><u> LOW 3.51 1/2 LOW 3.80 1/4</u></div>
<div><u> CLOSE3.55 3/4 Up 3 3/4 CLOSE 3.83 1/2 Up 3 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+MAY17+MAY17</u></div>
<div><u>CK Low 0.65 4.21 165.64 0.85 4.69 184.44</u></div>
<div><u>CK High 0.70 4.26 167.61 0.85 4.69 184.44</u></div>
<div><u>CK Avg 0.69 -0.39 4.25 167.28 0.85 -0.34 4.69 184.44</u></div>
<div><u>Essex Cty 0.55 4.11 161.71 0.85 4.69 184.44</u></div>
<div><u>Mdsx Low 0.70 4.26 167.61 0.85 4.69 184.44</u></div>
<div><u>Mdsx High 0.70 4.26 167.61 0.90 4.74 186.41</u></div>
<div><u>Mdsx Avg 0.70 -0.39 4.26 167.61 0.88 -0.32 4.71 185.42</u></div>
<div><u>Hensall 0.70 4.26 167.61 0.90 4.74 186.41</u></div>
<div><u>Bruce 0.70 4.26 167.61 0.85 4.69 184.44</u></div>
<div><u>Putnam 0.70 4.26 167.61 0.85 4.69 184.44</u></div>
<div><u>Burford 0.70 4.26 167.61 0.85 4.69 184.44</u></div>
<div><u>Port Perry 1.15 4.71 185.33 0.95 4.79 188.38</u></div>
<div><u>Norfolk 0.80 4.36 171.55 0.85 4.69 184.44</u></div>
<div><u>Palmerston 0.75 4.31 169.58 0.90 4.74 186.41</u></div>
<div><u>Varna 0.70 4.26 167.61 0.90 4.74 186.41</u></div>
<div><u>Trenton 1.20 4.76 187.29 0.95 4.79 188.38</u></div>
<div><u>Winchester 1.20 4.76 187.29 1.15 4.99 196.25</u></div>
<div><u>North Gower 1.22 4.78 188.08 1.10 4.94 194.28</u></div>
<div><u>Huron FOB 1.00 4.56 179.42 0.90 4.74 186.41</u></div>
<div><u>Kent FOB 1.05 4.61 181.39 0.85 4.69 184.44</u></div>
<div><u>Lamb FOB 1.10 4.66 183.36 0.90 4.74 186.41</u></div>
<div><u>Mdsx FOB 0.75 0.75N/A N/A 4.31 169.58 0.85 4.69 184.44</u></div>
<div><u>FOB SW Que 1.23 4.79 188.48N/A</u></div>
<div><u>Track 1.32 4.87 191.82N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.21 1.27 1.27 1.27 4.77 187.69 1.05 4.89 192.31</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 1.35 1.10 4.94 194.28</u></div>
<div><u>Sarn-Eth 1.25 1.30 1.30N/A 4.81 189.26N/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 1.29 1.05 4.89 192.31</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 1.43N/A N/A 1.10 4.94 194.28</u></div>
<div><u>W O Feed 1.54 5.10 200.76</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.75 5.31 208.95</u></div>
<div><u>Toledo El. -0.13 3.42 134.77 -0.34 3.50 137.79</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.23 1/4</u></div>
<div><u>HI SD CRN 0.70 4.25 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 1.3438 up 0.0011</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 10.11 3/4 NOV17 HI 9.97</u></div>
<div><u> LOW 9.94 1/2 LOW 9.82 1/2</u></div>
<div><u> CLOSE9.95 Down 9 CLOSE 9.83 1/4 Down 6</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 +MAR1+MAR1+MAY17</u></div>
<div><u>CK Low 2.63 12.58 462.242.56 12.39 455.35</u></div>
<div><u>CK High 2.75 12.70 466.652.70 12.53 460.49</u></div>
<div><u>CK Average 2.66 -0.5512.61 463.462.63 -0.5312.46 457.80</u></div>
<div><u>Essex Cty 2.70 12.65 464.812.65 12.48 458.65</u></div>
<div><u>Mdsx Low 2.63 12.58 462.242.54 12.37 454.61</u></div>
<div><u>Mdsx High 2.65 12.60 462.972.60 12.43 456.82</u></div>
<div><u>Mdsx Average 2.64 -0.5712.59 462.602.57 -0.5812.40 455.71</u></div>
<div><u>Hensall 2.68 12.63 463.892.63 12.46 457.73</u></div>
<div><u>Bruce 2.65 12.60 462.972.60 12.43 456.82</u></div>
<div><u>Putnam 2.65 12.60 462.972.60 12.43 456.82</u></div>
<div><u>Burford 2.69 12.64 464.442.60 12.43 456.82</u></div>
<div><u>Port Perry 2.63 12.58 462.242.54 12.37 454.61</u></div>
<div><u>Norfolk 2.70 12.65 464.812.65 12.48 458.65</u></div>
<div><u>Palmerston 2.70 12.65 464.812.65 12.48 458.65</u></div>
<div><u>Varna 2.70 12.65 464.812.65 12.48 458.65</u></div>
<div><u>Trenton 2.65 12.60 462.972.65 12.48 458.65</u></div>
<div><u>Winchester 2.65 12.60 462.972.70 12.53 460.49</u></div>
<div><u>North Gower 2.71 12.66 465.182.71 12.54 460.86</u></div>
<div><u>Huron FOB 2.85 12.80 470.322.75 12.58 462.33</u></div>
<div><u>Kent FOB 2.75 12.70 466.652.60 12.43 456.82</u></div>
<div><u>Lambton FOB 2.75 12.70 466.652.80 12.63 464.16</u></div>
<div><u>Middlesex FOB2.80 2.87 N/A N/A 12.75 468.482.71 12.54 460.86</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.15 3.20 N/A N/A 13.10 481.343.10 12.93 475.19</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 2.87 12.82 471.053.00 12.83 471.51</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.48 9.47 347.85-0.52 9.31 342.08</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3438 up 0.0011</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR17 HI 4.14 JUL17 HI 4.38 1/4</u></div>
<div><u> LOW 4.05 3/4 LOW 4.30 3/4</u></div>
<div><u> CLOSE 4.06 1/2 Down 1 1/2 CLOSE 4.31 1/2 Down 2 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR17 HI 5.42 3/4 SEP17 HI 5.47</u></div>
<div><u> LOW 5.36 LOW 5.42 1/4</u></div>
<div><u> CLOSE 5.37 1/2 Down 1/2 CLOSE 5.42 1/4 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 0.65 0.59 0.72 0.56</u></div>
<div><u>CAD $/bu 4.72 4.65 4.78 5.94</u></div>
<div><u>CAD $/tonne 173.33 170.86 175.79 218.20</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 0.74 0.74 0.74 N/A 0.76 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 N/A 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 0.70 N/A N/A N/A 0.60 N/A</u></div>
<div><u>Brigden N/A N/A 0.70 N/A N/A N/A 0.60 N/A</u></div>
<div><u>Palmerston N/A 0.65 0.70 N/A 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 0.51 0.64 0.39 N/A 0.94 0.94 0.71</u></div>
<div><u>W O Feed 1.56</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Prescott N/A N/A 1.14 N/A N/A N/A 0.85 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. 3.92US 5.25CA 4.12US 5.51CA</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 0.86 0.86 0.77</u></div>
<div><u>CAD $/bu 5.25 5.18 5.18 6.19</u></div>
<div><u>CAD $/tonne 192.77 190.30 190.30 227.60</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 492.85</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>
<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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