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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 13</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3135 up 0.0005</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.59 1/2 DEC17 HI 3.86 3/4</u></div>
<div><u> LOW 3.55 1/4 LOW 3.83 1/4</u></div>
<div><u> CLOSE3.58 1/2 Up 1/4 CLOSE 3.86 1/4 Up 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 4.24 166.72 0.75 4.61 181.59</u></div>
<div><u>CK High 0.70 4.29 168.69 0.85 4.71 185.52</u></div>
<div><u>CK Avg 0.66 -0.35 4.24 167.05 0.77 -0.33 4.63 182.24</u></div>
<div><u>Essex Cty 0.55 4.14 162.79 0.75 4.61 181.59</u></div>
<div><u>Mdsx Low 0.65 4.24 166.72 0.75 4.61 181.59</u></div>
<div><u>Mdsx High 0.65 4.24 166.72 0.80 4.66 183.55</u></div>
<div><u>Mdsx Avg 0.65 -0.36 4.24 166.72 0.78 -0.33 4.64 182.57</u></div>
<div><u>Hensall 0.68 4.26 167.71 0.80 4.66 183.55</u></div>
<div><u>Bruce 0.65 4.24 166.72 0.80 4.66 183.55</u></div>
<div><u>Putnam 0.70 4.29 168.69 0.85 4.71 185.52</u></div>
<div><u>Burford 0.65 4.24 166.72 0.75 4.61 181.59</u></div>
<div><u>Port Perry 1.10 4.69 184.44 0.85 4.71 185.52</u></div>
<div><u>Norfolk 0.75 4.34 170.66 0.75 4.61 181.59</u></div>
<div><u>Palmerston 0.75 4.34 170.66 0.75 4.61 181.59</u></div>
<div><u>Varna 0.70 4.29 168.69 0.80 4.66 183.55</u></div>
<div><u>Trenton 1.20 4.79 188.38 0.85 4.71 185.52</u></div>
<div><u>Winchester 1.20 4.79 188.38 1.15 5.01 197.33</u></div>
<div><u>North Gower 1.17 4.76 187.20 1.10 4.96 195.36</u></div>
<div><u>Huron FOB 0.97 4.56 179.32 0.90 4.76 187.49</u></div>
<div><u>Kent FOB 1.00 4.59 180.50 0.75 4.61 181.59</u></div>
<div><u>Lamb FOB 1.05 4.64 182.47 0.85 4.71 185.52</u></div>
<div><u>Mdsx FOB 0.70 0.75 0.75 0.80 4.29 168.69 0.75 4.61 181.59</u></div>
<div><u>FOB SW Que 1.18 4.77 187.59N/A</u></div>
<div><u>Track 1.34 4.93 193.89N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.21 1.27 1.27 1.33 4.80 188.77 1.05 4.91 193.40</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 4.91 193.40</u></div>
<div><u>Sarn-Eth 1.20 1.25 1.25N/A 4.79 188.38N/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 1.10 4.96 195.36</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 1.15 5.01 197.33</u></div>
<div><u>W O Feed 1.50 5.09 200.27</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.64 5.23 205.70</u></div>
<div><u>Toledo El. -0.10 3.48 137.00 -0.33 3.53 139.15</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.00 4.59 180.50 0.95 4.81189 1/2</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.26</u></div>
<div><u>HI SD CRN 0.70 4.28 1/2</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 1.3135 up 0.0005</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 10.52 3/4 NOV17 HI 10.22</u></div>
<div><u> LOW 10.32 1/2 LOW 10.09</u></div>
<div><u> CLOSE10.46 1/4 Up 6 CLOSE 10.18 1/2 Up 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 2.40 12.86 472.622.30 12.49 458.75</u></div>
<div><u>CK High 2.45 12.91 474.452.40 12.59 462.42</u></div>
<div><u>CK Average 2.43 -0.6312.89 473.782.35 -0.6312.53 460.46</u></div>
<div><u>Essex Cty 2.45 12.91 474.452.35 12.54 460.58</u></div>
<div><u>Mdsx Low 2.40 12.86 472.622.30 12.49 458.75</u></div>
<div><u>Mdsx High 2.44 12.90 474.092.31 12.50 459.11</u></div>
<div><u>Mdsx Average 2.42 -0.6412.88 473.352.31 -0.6612.49 458.93</u></div>
<div><u>Hensall 2.43 12.89 473.532.35 12.54 460.58</u></div>
<div><u>Bruce 2.40 12.86 472.622.40 12.59 462.42</u></div>
<div><u>Putnam 2.50 12.96 476.292.45 12.64 464.26</u></div>
<div><u>Burford 2.50 12.96 476.292.37 12.56 461.32</u></div>
<div><u>Port Perry 2.44 12.90 474.092.31 12.50 459.11</u></div>
<div><u>Norfolk 2.50 12.96 476.292.40 12.59 462.42</u></div>
<div><u>Palmerston 2.40 12.86 472.622.30 12.49 458.75</u></div>
<div><u>Varna 2.45 12.91 474.452.40 12.59 462.42</u></div>
<div><u>Trenton 2.50 12.96 476.292.40 12.59 462.42</u></div>
<div><u>Winchester 2.58 13.04 479.232.50 12.69 466.09</u></div>
<div><u>North Gower 2.51 12.97 476.662.51 12.70 466.46</u></div>
<div><u>Huron FOB 2.60 13.06 479.962.50 12.69 466.09</u></div>
<div><u>Kent FOB 2.45 12.91 474.452.25 12.44 456.91</u></div>
<div><u>Lambton FOB 2.45 12.91 474.452.55 12.74 467.93</u></div>
<div><u>Middlesex FOB2.64 2.68 2.73 N/A 13.10 481.432.51 12.70 466.46</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.05 3.10 N/A N/A 13.51 496.502.90 13.09 480.79</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.74 13.20 485.112.83 13.02 478.22</u></div>
<div><u>Sarnia 2.51 12.97 476.662.75 12.94 475.28</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.46 10.00 367.56-0.51 9.67 355.44</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3135 up 0.0005</u></div>
<div><u>Chicago wheat closed narrowly mixed.</u></div>
<div><u>MAR17 HI 4.26 3/4 JUL17 HI 4.55</u></div>
<div><u> LOW 4.19 1/4 LOW 4.47 1/4</u></div>
<div><u> CLOSE 4.26 Down 1/4 CLOSE 4.54 3/4 Up 1 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>MAR17 HI 5.83 3/4 SEP17 HI 5.62 1/4</u></div>
<div><u> LOW 5.71 3/4 LOW 5.54 3/4</u></div>
<div><u> CLOSE 5.82 3/4 Up 8 3/4 CLOSE 5.61 1/2 Up 4 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 0.61 0.54 0.67 0.57</u></div>
<div><u>CAD $/bu 4.87 4.80 4.93 6.40</u></div>
<div><u>CAD $/tonne 178.79 176.38 181.20 235.05</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 N/A 0.60 N/A</u></div>
<div><u>London 0.67 0.67 0.67 N/A 0.68 0.55 0.55 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 0.55 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 0.65 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 -0.15 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.44 0.57 0.34 N/A 0.86 0.86 0.58</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 0.80 N/A</u></div>
<div><u>Prescott N/A N/A 0.75 N/A N/A N/A 0.96 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 1.42N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.11US 5.39CA 4.35US 5.70CA</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 0.89 0.83 0.83 0.70</u></div>
<div><u>CAD $/bu 5.44 5.37 5.37 6.31</u></div>
<div><u>CAD $/tonne 199.85 197.44 197.44 232.01</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 505.86</u></div>
<div><u>DDG's FOB Srn & Aylm 135.00 - 140.00</u></div>
<div><u><br>
</u></div>
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</u>
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<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>
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