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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, January 9</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3222 up 0.0006</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.60 3/4 DEC17 HI 3.89</u></div>
<div><u> LOW 3.55 1/4 LOW 3.84</u></div>
<div><u> CLOSE3.60 Up 2 CLOSE 3.87 1/2 Up 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 4.25 167.32 0.80 4.68 184.05</u></div>
<div><u>CK High 0.70 4.30 169.28 0.85 4.73 186.02</u></div>
<div><u>CK Avg 0.69 -0.35 4.29 168.96 0.83 -0.31 4.71 185.36</u></div>
<div><u>Essex Cty 0.55 4.15 163.38 0.85 4.73 186.02</u></div>
<div><u>Mdsx Low 0.70 4.30 169.28 0.85 4.73 186.02</u></div>
<div><u>Mdsx High 0.70 4.30 169.28 0.85 4.73 186.02</u></div>
<div><u>Mdsx Avg 0.70 -0.35 4.30 169.28 0.85 -0.30 4.73 186.02</u></div>
<div><u>Hensall 0.70 4.30 169.28 0.85 4.73 186.02</u></div>
<div><u>Bruce 0.70 4.30 169.28 0.85 4.73 186.02</u></div>
<div><u>Putnam 0.70 4.30 169.28 0.85 4.73 186.02</u></div>
<div><u>Burford 0.70 4.30 169.28 0.85 4.73 186.02</u></div>
<div><u>Port Perry 1.15 4.75 187.00 0.95 4.83 189.95</u></div>
<div><u>Norfolk 0.80 4.40 173.22 0.85 4.73 186.02</u></div>
<div><u>Palmerston 0.75 4.35 171.25 0.90 4.78 187.98</u></div>
<div><u>Varna 0.70 4.30 169.28 0.85 4.73 186.02</u></div>
<div><u>Trenton 1.25 4.85 190.94 0.90 4.78 187.98</u></div>
<div><u>Winchester 1.20 4.80 188.97 1.15 5.03 197.83</u></div>
<div><u>North Gower 1.22 4.82 189.76 1.10 4.98 195.86</u></div>
<div><u>Huron FOB 1.00 4.60 181.09 0.92 4.80 188.77</u></div>
<div><u>Kent FOB 1.05 4.65 183.06 0.85 4.73 186.02</u></div>
<div><u>Lamb FOB 1.10 4.70 185.03 0.85 4.73 186.02</u></div>
<div><u>Mdsx FOB 0.80 0.85N/A N/A 4.40 173.22 0.85 4.73 186.02</u></div>
<div><u>FOB SW Que 1.18 4.78 188.18N/A</u></div>
<div><u>Track 1.35 4.95 194.68N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.21 1.27 1.27 1.33 4.81 189.36 1.05 4.93 193.89</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 1.30 1.05 4.93 193.89</u></div>
<div><u>Sarn-Eth 1.25 1.30 1.30N/A 4.85 190.94N/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 1.30 1.05 4.93 193.89</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 N/A 1.54 1.10 4.98 195.86</u></div>
<div><u>W O Feed 1.51 5.11 201.17</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.68 5.28 207.86</u></div>
<div><u>Toledo El. -0.13 3.47 136.52 -0.33 3.54 139.55</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.00 4.60 181.09 0.95 4.83190</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.27 1/2</u></div>
<div><u>HI SD CRN 0.70 4.30</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 1.3222 up 0.0006</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 10.06 NOV17 HI 9.94 1/2</u></div>
<div><u> LOW 9.93 1/2 LOW 9.81 1/4</u></div>
<div><u> CLOSE10.05 1/4 Up 10 1/2 CLOSE 9.93 3/4 Up 11 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 +MAR1+MAR1+MAY17</u></div>
<div><u>CK Low 2.40 12.45 457.552.35 12.29 451.49</u></div>
<div><u>CK High 2.55 12.60 463.062.50 12.44 457.00</u></div>
<div><u>CK Average 2.45 -0.5912.51 459.512.41 -0.5912.35 453.63</u></div>
<div><u>Essex Cty 2.45 12.50 459.392.40 12.34 453.33</u></div>
<div><u>Mdsx Low 2.42 12.47 458.292.33 12.27 450.75</u></div>
<div><u>Mdsx High 2.45 12.50 459.392.40 12.34 453.33</u></div>
<div><u>Mdsx Average 2.44 -0.6112.49 458.842.37 -0.6212.30 452.04</u></div>
<div><u>Hensall 2.48 12.53 460.312.43 12.36 454.24</u></div>
<div><u>Bruce 2.45 12.50 459.392.40 12.34 453.33</u></div>
<div><u>Putnam 2.50 12.55 461.232.45 12.39 455.16</u></div>
<div><u>Burford 2.48 12.53 460.492.39 12.33 452.96</u></div>
<div><u>Port Perry 2.42 12.47 458.292.33 12.27 450.75</u></div>
<div><u>Norfolk 2.45 12.50 459.392.40 12.34 453.33</u></div>
<div><u>Palmerston 2.50 12.55 461.232.45 12.39 455.16</u></div>
<div><u>Varna 2.50 12.55 461.232.45 12.39 455.16</u></div>
<div><u>Trenton 2.50 12.55 461.232.45 12.39 455.16</u></div>
<div><u>Winchester 2.55 12.60 463.062.55 12.49 458.84</u></div>
<div><u>North Gower 2.52 12.57 461.962.54 12.48 458.47</u></div>
<div><u>Huron FOB 2.65 12.70 466.742.55 12.49 458.84</u></div>
<div><u>Kent FOB 2.50 12.55 461.232.35 12.29 451.49</u></div>
<div><u>Lambton FOB 2.45 12.50 459.392.55 12.49 458.84</u></div>
<div><u>Middlesex FOB2.59 2.66 N/A N/A 12.64 464.532.50 12.44 457.00</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.96 3.03 N/A N/A 13.01 478.132.90 12.84 471.70</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.67 12.72 467.472.80 12.74 468.02</u></div>
<div><u>Sarnia 2.47 12.52 460.122.74 12.68 465.82</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.46 9.59 352.37-0.52 9.42 346.22</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3222 up 0.0006</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR17 HI 4.28 1/4 JUL17 HI 4.54 1/2</u></div>
<div><u> LOW 4.21 LOW 4.45 3/4</u></div>
<div><u> CLOSE 4.27 1/4 Up 4 CLOSE 4.54 Up 5 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>MAR17 HI 5.60 SEP17 HI 5.53 1/4</u></div>
<div><u> LOW 5.51 LOW 5.49 3/4</u></div>
<div><u> CLOSE 5.59 3/4 Up 7 CLOSE 5.53 1/4 Up 3</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 0.55</u></div>
<div><u>CAD $/bu 4.92 4.85 4.99 6.14</u></div>
<div><u>CAD $/tonne 180.79 178.36 183.22 225.72</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 0.71 0.71 0.71 N/A 0.72 0.59 0.59 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 0.75 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 0.60 N/A</u></div>
<div><u>Brigden N/A N/A 0.65 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 0.65 0.65 0.65 N/A 0.60 0.55 0.55 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 0.12 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.47 0.61 0.33 N/A 0.88 0.88 0.62</u></div>
<div><u>W O Feed 1.51</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia N/A N/A 0.84 N/A 1.14 0.79 0.89 N/A</u></div>
<div><u>Prescott N/A N/A 0.77 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 1.37N/A N/A N/A 1.46N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.12US 5.45CA 4.34US 5.73CA</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 0.72</u></div>
<div><u>CAD $/bu 5.47 5.40 5.40 6.25</u></div>
<div><u>CAD $/tonne 200.90 198.47 198.47 229.65</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 483.81</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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