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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 11</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3232 up 0.0024</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.58 1/4 DEC17 HI 3.86 1/2</u></div>
<div><u> LOW 3.52 LOW 3.81 1/2</u></div>
<div><u> CLOSE3.57 1/4 Down 1 CLOSE 3.85 3/4 Down 3/4</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 4.22 166.23 0.80 4.66 183.36</u></div>
<div><u>CK High 0.70 4.27 168.20 0.85 4.71 185.33</u></div>
<div><u>CK Avg 0.69 -0.33 4.26 167.87 0.82 -0.30 4.67 184.01</u></div>
<div><u>Essex Cty 0.55 4.12 162.30 0.85 4.71 185.33</u></div>
<div><u>Mdsx Low 0.70 4.27 168.20 0.80 4.66 183.36</u></div>
<div><u>Mdsx High 0.70 4.27 168.20 0.85 4.71 185.33</u></div>
<div><u>Mdsx Avg 0.70 -0.33 4.27 168.20 0.83 -0.30 4.68 184.34</u></div>
<div><u>Hensall 0.70 4.27 168.20 0.85 4.71 185.33</u></div>
<div><u>Bruce 0.70 4.27 168.20 0.85 4.71 185.33</u></div>
<div><u>Putnam 0.70 4.27 168.20 0.85 4.71 185.33</u></div>
<div><u>Burford 0.70 4.27 168.20 0.80 4.66 183.36</u></div>
<div><u>Port Perry 1.15 4.72 185.92 0.90 4.76 187.29</u></div>
<div><u>Norfolk 0.80 4.37 172.14 0.80 4.66 183.36</u></div>
<div><u>Palmerston 0.75 4.32 170.17 0.90 4.76 187.29</u></div>
<div><u>Varna 0.70 4.27 168.20 0.85 4.71 185.33</u></div>
<div><u>Trenton 1.25 4.82 189.85 0.90 4.76 187.29</u></div>
<div><u>Winchester 1.20 4.77 187.89 1.15 5.01 197.14</u></div>
<div><u>North Gower 1.22 4.79 188.67 1.10 4.96 195.17</u></div>
<div><u>Huron FOB 0.97 4.54 178.83 0.92 4.78 188.08</u></div>
<div><u>Kent FOB 1.05 4.62 181.98 0.80 4.66 183.36</u></div>
<div><u>Lamb FOB 1.10 4.67 183.95 0.85 4.71 185.33</u></div>
<div><u>Mdsx FOB 0.90 0.90N/A N/A 4.47 176.07 0.80 4.66 183.36</u></div>
<div><u>FOB SW Que 1.18 4.75 187.10N/A</u></div>
<div><u>Track 1.35 4.92 193.59N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.21 1.27 1.27 1.33 4.78 188.28 1.05 4.91 193.20</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 4.91 193.20</u></div>
<div><u>Sarn-Eth 1.25 1.30 1.30N/A 4.82 189.85N/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 1.35 1.05 4.91 193.20</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 1.53 1.10 4.96 195.17</u></div>
<div><u>W O Feed 1.51 5.08 199.93</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.66 5.23 205.99</u></div>
<div><u>Toledo El. -0.11 3.47 136.50 -0.33 3.53 138.92</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.00 4.57 180.01 0.95 4.81189 1/4</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.24 3/4</u></div>
<div><u>HI SD CRN 0.70 4.27 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 1.3232 up 0.0024</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 10.16 1/2 NOV17 HI 10.00</u></div>
<div><u> LOW 10.01 LOW 9.87 1/4</u></div>
<div><u> CLOSE10.11 1/2 Down 2 1/4 CLOSE 9.98 Down 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 2.45 12.57 461.682.39 12.37 454.52</u></div>
<div><u>CK High 2.50 12.62 463.522.50 12.48 458.56</u></div>
<div><u>CK Average 2.49 -0.5412.61 463.222.42 -0.5412.40 455.74</u></div>
<div><u>Essex Cty 2.50 12.62 463.522.40 12.38 454.89</u></div>
<div><u>Mdsx Low 2.50 12.62 463.522.37 12.35 453.78</u></div>
<div><u>Mdsx High 2.50 12.62 463.522.45 12.43 456.72</u></div>
<div><u>Mdsx Average 2.50 -0.5312.62 463.522.41 -0.5512.39 455.25</u></div>
<div><u>Hensall 2.53 12.64 464.442.48 12.46 457.64</u></div>
<div><u>Bruce 2.45 12.57 461.682.40 12.38 454.89</u></div>
<div><u>Putnam 2.50 12.62 463.522.45 12.43 456.72</u></div>
<div><u>Burford 2.56 12.68 465.732.43 12.41 455.99</u></div>
<div><u>Port Perry 2.50 12.62 463.522.37 12.35 453.78</u></div>
<div><u>Norfolk 2.55 12.67 465.362.45 12.43 456.72</u></div>
<div><u>Palmerston 2.55 12.67 465.362.45 12.43 456.72</u></div>
<div><u>Varna 2.55 12.67 465.362.50 12.48 458.56</u></div>
<div><u>Trenton 2.48 12.60 462.792.45 12.43 456.72</u></div>
<div><u>Winchester 2.57 12.69 466.092.51 12.49 458.93</u></div>
<div><u>North Gower 2.46 12.58 462.052.54 12.52 460.03</u></div>
<div><u>Huron FOB 2.70 12.82 470.872.60 12.58 462.24</u></div>
<div><u>Kent FOB 2.60 12.72 467.202.40 12.38 454.89</u></div>
<div><u>Lambton FOB 2.50 12.62 463.522.60 12.58 462.24</u></div>
<div><u>Middlesex FOB2.67 2.71 N/A N/A 12.79 469.772.54 12.52 460.03</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.90 2.95 N/A N/A 13.02 478.222.82 12.80 470.32</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.75 12.87 472.712.87 12.85 472.16</u></div>
<div><u>Sarnia 2.57 12.69 466.092.83 12.81 470.69</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.46 9.65 354.73-0.51 9.47 347.86</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3232 up 0.0024</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>MAR17 HI 4.26 1/4 JUL17 HI 4.53 1/2</u></div>
<div><u> LOW 4.12 LOW 4.39 3/4</u></div>
<div><u> CLOSE 4.18 3/4 Down 8 CLOSE 4.47 1/4 Down 7</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed steady to slightly higher.</u></div>
<div><u>MAR17 HI 5.63 3/4 SEP17 HI 5.51 3/4</u></div>
<div><u> LOW 5.56 LOW 5.44 3/4</u></div>
<div><u> CLOSE 5.61 1/2 Up 1/4 CLOSE 5.50 Unchanged</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 0.60 0.54 0.67 0.53</u></div>
<div><u>CAD $/bu 4.79 4.72 4.85 6.14</u></div>
<div><u>CAD $/tonne 175.95 173.54 178.37 225.66</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 0.70 0.70 0.70 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 0.80 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 0.75 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 0.03 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.48 0.61 0.35 N/A 0.90 0.90 0.61</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 1.15 0.80 0.90 N/A</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 1.33N/A N/A N/A 1.41N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.04US 5.32CA 4.27US 5.62CA</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 0.88 0.82 0.82 0.68</u></div>
<div><u>CAD $/bu 5.35 5.29 5.29 6.18</u></div>
<div><u>CAD $/tonne 196.71 194.30 194.30 227.02</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 484.91</u></div>
<div><u>DDG's FOB Srn & Aylm 135.00 - 140.00</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></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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