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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 4</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3293 down 0.0145</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.60 DEC17 HI 3.87 1/4</u></div>
<div><u> LOW 3.54 3/4 LOW 3.82 1/2</u></div>
<div><u> CLOSE3.59 3/4 Up 4 CLOSE 3.86 3/4 Up 3 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+MAY17+MAY17</u></div>
<div><u>CK Low 0.65 4.25 167.22 0.85 4.72 185.72</u></div>
<div><u>CK High 0.70 4.30 169.19 0.85 4.72 185.72</u></div>
<div><u>CK Avg 0.69 -0.37 4.29 168.86 0.85 -0.31 4.72 185.72</u></div>
<div><u>Essex Cty 0.55 4.15 163.28 0.85 4.72 185.72</u></div>
<div><u>Mdsx Low 0.70 4.30 169.19 0.85 4.72 185.72</u></div>
<div><u>Mdsx High 0.70 4.30 169.19 0.90 4.77 187.69</u></div>
<div><u>Mdsx Avg 0.70 -0.37 4.30 169.19 0.88 -0.29 4.74 186.70</u></div>
<div><u>Hensall 0.70 4.30 169.19 0.90 4.77 187.69</u></div>
<div><u>Bruce 0.70 4.30 169.19 0.85 4.72 185.72</u></div>
<div><u>Putnam 0.70 4.30 169.19 0.85 4.72 185.72</u></div>
<div><u>Burford 0.70 4.30 169.19 0.85 4.72 185.72</u></div>
<div><u>Port Perry 1.15 4.75 186.90 0.95 4.82 189.66</u></div>
<div><u>Norfolk 0.80 4.40 173.12 0.85 4.72 185.72</u></div>
<div><u>Palmerston 0.75 4.35 171.15 0.90 4.77 187.69</u></div>
<div><u>Varna 0.70 4.30 169.19 0.90 4.77 187.69</u></div>
<div><u>Trenton 1.25 4.85 190.84 0.95 4.82 189.66</u></div>
<div><u>Winchester 1.20 4.80 188.87 1.15 5.02 197.53</u></div>
<div><u>North Gower 1.13 4.73 186.11 1.10 4.97 195.56</u></div>
<div><u>Huron FOB 0.95 4.55 179.03 0.90 4.77 187.69</u></div>
<div><u>Kent FOB 1.10 4.70 184.93 0.85 4.72 185.72</u></div>
<div><u>Lamb FOB 1.10 4.70 184.93 0.90 4.77 187.69</u></div>
<div><u>Mdsx FOB 0.75 0.75N/A N/A 4.35 171.15 0.85 4.72 185.72</u></div>
<div><u>FOB SW Que 1.23 4.83 190.05N/A</u></div>
<div><u>Track 1.35 4.94 194.58N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.21 1.27 1.27 1.33 4.81 189.26 1.05 4.92 193.59</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 4.97 195.56</u></div>
<div><u>Sarn-Eth 1.25 1.30 1.30N/A 4.85 190.84N/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 4.92 193.59</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 4.97 195.56</u></div>
<div><u>W O Feed 1.53 5.13 201.86</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.75 5.35 210.52</u></div>
<div><u>Toledo El. -0.13 3.46 136.39 -0.33 3.54 139.19</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.27 1/4</u></div>
<div><u>HI SD CRN 0.70 4.29 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 1.3293 down 0.0145</u></div>
<div><u>Chicago soybeans closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 10.15 3/4 NOV17 HI 9.99 1/4</u></div>
<div><u> LOW 9.92 3/4 LOW 9.82</u></div>
<div><u> CLOSE10.15 1/4 Up 20 1/4 CLOSE 9.98 3/4 Up 15 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 +MAR1+MAR1+MAY17</u></div>
<div><u>CK Low 2.50 12.65 464.902.44 12.43 456.63</u></div>
<div><u>CK High 2.60 12.75 468.572.50 12.49 458.84</u></div>
<div><u>CK Average 2.53 -0.6212.68 465.882.47 -0.6012.46 457.86</u></div>
<div><u>Essex Cty 2.60 12.75 468.572.50 12.49 458.84</u></div>
<div><u>Mdsx Low 2.50 12.65 464.902.42 12.41 455.90</u></div>
<div><u>Mdsx High 2.51 12.66 465.272.45 12.44 457.00</u></div>
<div><u>Mdsx Average 2.51 -0.6412.66 465.082.44 -0.6312.42 456.45</u></div>
<div><u>Hensall 2.55 12.70 466.742.50 12.49 458.84</u></div>
<div><u>Bruce 2.50 12.65 464.902.45 12.44 457.00</u></div>
<div><u>Putnam 2.65 12.80 470.412.60 12.59 462.51</u></div>
<div><u>Burford 2.57 12.72 467.472.48 12.47 458.10</u></div>
<div><u>Port Perry 2.51 12.66 465.272.42 12.41 455.90</u></div>
<div><u>Norfolk 2.55 12.70 466.742.50 12.49 458.84</u></div>
<div><u>Palmerston 2.60 12.75 468.572.55 12.54 460.67</u></div>
<div><u>Varna 2.70 12.85 472.252.65 12.64 464.35</u></div>
<div><u>Trenton 2.65 12.80 470.412.60 12.59 462.51</u></div>
<div><u>Winchester 2.54 12.69 466.372.59 12.58 462.14</u></div>
<div><u>North Gower 2.61 12.76 468.942.61 12.60 462.88</u></div>
<div><u>Huron FOB 2.75 12.90 474.092.70 12.69 466.19</u></div>
<div><u>Kent FOB 2.60 12.75 468.572.45 12.44 457.00</u></div>
<div><u>Lambton FOB 2.55 12.70 466.742.65 12.64 464.35</u></div>
<div><u>Middlesex FOB2.68 2.75 N/A N/A 12.83 471.512.59 12.58 462.14</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.00 3.05 N/A N/A 13.15 483.273.00 12.99 477.21</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 2.80 12.95 475.922.93 12.92 474.64</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.48 9.67 355.44-0.52 9.47 347.95</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3293 down 0.0145</u></div>
<div><u>Chicago wheat closed moderately higher to higher.</u></div>
<div><u>MAR17 HI 4.19 JUL17 HI 4.42 1/4</u></div>
<div><u> LOW 4.04 3/4 LOW 4.29 3/4</u></div>
<div><u> CLOSE 4.18 1/2 Up 12 CLOSE 4.42 Up 10 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>MAR17 HI 5.45 1/2 SEP17 HI 5.49 1/4</u></div>
<div><u> LOW 5.37 1/2 LOW 5.44</u></div>
<div><u> CLOSE 5.44 1/2 Up 7 CLOSE 5.48 1/4 Up 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 0.65 0.59 0.72 0.54</u></div>
<div><u>CAD $/bu 4.84 4.77 4.90 5.98</u></div>
<div><u>CAD $/tonne 177.73 175.28 180.17 219.78</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 0.68 0.68 0.68 N/A 0.70 0.57 0.57 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 0.85 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 0.43 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 0.65 N/A N/A N/A 0.55 N/A</u></div>
<div><u>Brigden N/A N/A 0.65 N/A N/A N/A 0.55 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 0.16 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.49 0.62 0.36 N/A 0.89 0.89 0.67</u></div>
<div><u>W O Feed 1.55</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Prescott N/A N/A 0.76 N/A N/A N/A 0.97 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 1.45 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.04US 5.37CA 4.22US 5.60CA</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 0.73</u></div>
<div><u>CAD $/bu 5.34 5.27 5.27 6.22</u></div>
<div><u>CAD $/tonne 196.08 193.64 193.64 228.40</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 495.06</u></div>
<div><u>DDG's FOB Srn & Aylm 135.00 - 140.00</u></div>
<div><u><br>
</u></div>
<div><br>
</div>
<div><span id="ms-rterangepaste-start"></span>
<p class="MsoNormal"><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD">Blair Andrews</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><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:10.0pt;line-height:115%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
none">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:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333;background:#FDFDFD">x
63577<span class="apple-converted-space"> </span></span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
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background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
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