FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 12 (All Bases in CAD) Bank of Canada Noon exchange rate was 1.313 down 0.0102 Chicago corn closed slightly higher. MAR17 HI 3.60 DEC17 HI 3.88 1/2 LOW 3.53 LOW 3.81 1/2 CLOSE3.58 1/4 Up 1 CLOSE 3.86 Up 1/4 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +MAR17+MAY17+MAY17 CK Low 0.65 4.23 166.63 0.75 4.61 181.49 CK High 0.70 4.28 168.59 0.85 4.71 185.42 CK Avg 0.66 -0.35 4.24 166.95 0.78 -0.32 4.64 182.80 Essex Cty 0.55 4.13 162.69 0.85 4.71 185.42 Mdsx Low 0.65 4.23 166.63 0.75 4.61 181.49 Mdsx High 0.65 4.23 166.63 0.80 4.66 183.46 Mdsx Avg 0.65 -0.36 4.23 166.63 0.78 -0.32 4.64 182.47 Hensall 0.68 4.26 167.61 0.80 4.66 183.46 Bruce 0.70 4.28 168.59 0.85 4.71 185.42 Putnam 0.70 4.28 168.59 0.85 4.71 185.42 Burford 0.65 4.23 166.63 0.75 4.61 181.49 Port Perry 1.10 4.68 184.34 0.85 4.71 185.42 Norfolk 0.75 4.33 170.56 0.75 4.61 181.49 Palmerston 0.75 4.33 170.56 0.90 4.76 187.39 Varna 0.70 4.28 168.59 0.80 4.66 183.46 Trenton 1.20 4.78 188.28 0.85 4.71 185.42 Winchester 1.20 4.78 188.28 1.15 5.01 197.23 North Gower 1.10 4.68 184.34 1.10 4.96 195.27 Huron FOB 0.97 4.55 179.22 0.90 4.76 187.39 Kent FOB 1.00 4.58 180.41 0.75 4.61 181.49 Lamb FOB 1.05 4.63 182.37 0.85 4.71 185.42 Mdsx FOB 0.85 0.85N/A N/A 4.43 174.50 0.75 4.61 181.49 FOB SW Que 1.18 4.76 187.49N/A Track 1.34 4.92 193.79N/A PROCESSORS Chat-Eth 1.21 1.27 1.27 1.33 4.79 188.67 1.05 4.91 193.30 Jhnstwn-Eth N/A N/A N/A N/A N/A Aylmer-Eth N/A N/A N/A 1.30 1.05 4.91 193.30 Sarn-Eth 1.20 1.25 1.25N/A 4.78 188.28N/A Kawartha N/A N/A N/A N/A N/A London-Ing N/A N/A N/A 1.35 1.05 4.91 193.30 Pt.Colb-Ing N/A N/A N/A N/A N/A Cardnl-Ing N/A N/A N/A 1.53 1.10 4.96 195.27 W O Feed 1.51 5.09 200.33 US Rep 1.66 5.24 206.39 Toledo El. -0.10 3.48 136.91 -0.33 3.53 139.07 TRANSFER Sarnia 1.00 4.58 180.41 0.95 4.81189 1/3 MID SD CRN 0.67 1/2 4.25 3/4 HI SD CRN 0.70 4.28 1/4 *Wet Bid Bank of Canada Noon exchange rate was 1.313 down 0.0102 Chicago soybeans closed slightly higher to higher. MAR17 HI 10.41 1/4 NOV17 HI 10.17 1/2 LOW 10.06 LOW 9.91 CLOSE10.40 1/4 Up 28 3/4 CLOSE 10.16 1/2 Up 18 1/2 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +MAR1+MAR1+MAY17 CK Low 2.35 12.75 468.572.25 12.42 456.17 CK High 2.46 12.86 472.622.40 12.57 461.68 CK Average 2.40 -0.6412.80 470.472.31 -0.6412.48 458.50 Essex Cty 2.35 12.75 468.572.25 12.42 456.17 Mdsx Low 2.40 12.80 470.412.30 12.47 458.01 Mdsx High 2.46 12.86 472.622.31 12.48 458.38 Mdsx Average 2.43 -0.6212.83 471.512.31 -0.6512.47 458.19 Hensall 2.43 12.83 471.332.35 12.52 459.85 Bruce 2.40 12.80 470.412.30 12.47 458.01 Putnam 2.50 12.90 474.092.45 12.62 463.52 Burford 2.52 12.92 474.822.37 12.54 460.58 Port Perry 2.46 12.86 472.622.31 12.48 458.38 Norfolk 2.40 12.80 470.412.30 12.47 458.01 Palmerston 2.40 12.80 470.412.30 12.47 458.01 Varna 2.45 12.85 472.252.40 12.57 461.68 Trenton 2.45 12.85 472.252.35 12.52 459.85 Winchester 2.50 12.90 474.092.45 12.62 463.52 North Gower 2.43 12.83 471.512.45 12.62 463.52 Huron FOB 2.60 13.00 477.762.50 12.67 465.36 Kent FOB 2.45 12.85 472.252.25 12.42 456.17 Lambton FOB 2.45 12.85 472.252.45 12.62 463.52 Middlesex FOB2.51 2.55 N/A N/A 12.91 474.452.45 12.62 463.52 PROCESSORS Hamilton 2.95 3.00 N/A N/A 13.35 490.622.85 13.02 478.22 N/A N/A N/A TRANSFER Prescott 2.60 13.00 477.762.72 12.89 473.44 Sarnia 2.40 12.80 470.412.66 12.83 471.24 Toledo El. -0.46 9.94 365.36-0.51 9.65 354.72 Bank of Canada Noon exchange rate was 1.313 down 0.0102 Chicago wheat closed moderately higher. MAR17 HI 4.30 JUL17 HI 4.56 1/2 LOW 4.14 1/2 LOW 4.43 CLOSE 4.26 1/4 Up 7 1/2 CLOSE 4.53 1/2 Up 6 1/4 Minni wheat closed moderately higher to higher. MAR17 HI 5.75 3/4 SEP17 HI 5.56 3/4 LOW 5.59 3/4 LOW 5.47 1/2 CLOSE 5.74 Up 12 1/2 CLOSE 5.56 3/4 Up 6 3/4 GFO Cash Wheat Prices - DEL Terminal Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.61 0.54 0.67 0.54 CAD $/bu 4.87 4.80 4.94 6.28 CAD $/tonne 178.92 176.51 181.33 230.85 Direct MarkHarvest 2016 Harvest 2017 DELIVERED BASIS DELIVERED BASIS Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M) ELEVATORS Brgssvll N/A N/A 0.70 N/A N/A N/A 0.60 N/A London 0.66 0.66 0.66 N/A 0.68 0.55 0.55 N/A Hensall 0.70 N/A 0.70 N/A 0.70 N/A 0.60 N/A Trenton N/A N/A N/A N/A N/A N/A 0.75 N/A Bruce 0.70 0.65 0.70 0.40 0.70 0.60 0.60 0.60 Essex N/A N/A N/A N/A N/A N/A 0.44 N/A Norwich 0.70 N/A 0.70 N/A 0.70 N/A 0.60 N/A Port Hope N/A N/A 0.75 N/A N/A 0.55 0.60 N/A Kent Bridge 0.70 N/A 0.70 N/A 0.70 N/A 0.60 N/A Chatham N/A N/A 0.65 N/A N/A N/A 0.55 N/A Brigden N/A N/A 0.65 N/A N/A N/A 0.55 N/A Palmerston N/A 0.65 0.70 N/A N/A 0.60 0.60 0.60 Varna 0.65 0.65 0.65 N/A 0.60 0.55 0.55 N/A Mitchell 0.70 0.70 0.70 N/A 0.70 0.55 0.60 N/A Thornton N/A N/A N/A -0.13 N/A N/A N/A N/A North Gower N/A 0.44 0.57 0.33 N/A 0.86 0.86 0.58 W O Feed 1.51 TERMINAL Sarnia N/A N/A 0.84 N/A 1.15 0.80 0.90 N/A Prescott N/A N/A 0.70 N/A N/A N/A 0.91 0.71 PROCESSORS Toledo FM N/A N/A 1.33N/A N/A N/A 1.41N/A Toledo El. 4.11US 5.39CA 4.34US 5.68CA GFO Contract Wheat Prices - DEL Terminal Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 0.88 0.82 0.82 0.68 CAD $/bu 5.42 5.35 5.35 6.25 CAD $/tonne 199.06 196.66 196.66 229.51 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 499.25 DDG's FOB Srn & Aylm 135.00 - 140.00