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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, January 17</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.306 down 0.0103</u></div>
<div><u>Chicago corn closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.66 1/2 DEC17 HI 3.93</u></div>
<div><u> LOW 3.58 1/2 LOW 3.86</u></div>
<div><u> CLOSE3.65 1/2 Up 7 CLOSE 3.92 1/2 Up 6 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 4.31 169.48 0.75 4.68 184.05</u></div>
<div><u>CK High 0.70 4.36 171.45 0.85 4.78 187.98</u></div>
<div><u>CK Avg 0.66 -0.35 4.31 169.81 0.77 -0.32 4.69 184.70</u></div>
<div><u>Essex Cty 0.55 4.21 165.54 0.75 4.68 184.05</u></div>
<div><u>Mdsx Low 0.65 4.31 169.48 0.75 4.68 184.05</u></div>
<div><u>Mdsx High 0.65 4.31 169.48 0.80 4.73 186.02</u></div>
<div><u>Mdsx Avg 0.65 -0.35 4.31 169.48 0.78 -0.32 4.70 185.03</u></div>
<div><u>Hensall 0.68 4.33 170.46 0.80 4.73 186.02</u></div>
<div><u>Bruce 0.65 4.31 169.48 0.75 4.68 184.05</u></div>
<div><u>Putnam 0.65 4.31 169.48 0.75 4.68 184.05</u></div>
<div><u>Burford 0.65 4.31 169.48 0.75 4.68 184.05</u></div>
<div><u>Port Perry 1.10 4.76 187.20 0.85 4.78 187.98</u></div>
<div><u>Norfolk 0.75 4.41 173.42 0.75 4.68 184.05</u></div>
<div><u>Palmerston 0.75 4.41 173.42 0.75 4.68 184.05</u></div>
<div><u>Varna 0.70 4.36 171.45 0.80 4.73 186.02</u></div>
<div><u>Trenton 1.20 4.86 191.13 0.85 4.78 187.98</u></div>
<div><u>Winchester 1.20 4.86 191.13 1.15 5.08 199.79</u></div>
<div><u>North Gower 1.17 4.83 189.95 1.10 5.03 197.83</u></div>
<div><u>Huron FOB 0.97 4.63 182.08 0.90 4.83 189.95</u></div>
<div><u>Kent FOB 1.00 4.66 183.26 0.75 4.68 184.05</u></div>
<div><u>Lamb FOB 1.00 4.66 183.26 0.80 4.73 186.02</u></div>
<div><u>Mdsx FOB 0.70 0.75 0.75 0.80 4.36 171.45 0.75 4.68 184.05</u></div>
<div><u>FOB SW Que 1.18 4.84 190.35N/A</u></div>
<div><u>Track 1.34 5.00 196.64N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.21 1.27 1.27 1.33 4.87 191.53 1.00 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 4.98 195.86</u></div>
<div><u>Sarn-Eth 1.20 1.25 1.25N/A 4.86 191.13N/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 4.98 195.86</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 5.03 197.83</u></div>
<div><u>W O Feed 1.50 5.16 202.94</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.63 5.29 208.06</u></div>
<div><u>Toledo El. -0.10 3.55 139.78 -0.33 3.60 141.70</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.00 4.66 183.26 0.95 4.88192</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.33</u></div>
<div><u>HI SD CRN 0.70 4.35 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 1.306 down 0.0103</u></div>
<div><u>Chicago soybeans closed slightly higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 10.75 1/2 NOV17 HI 10.29 3/4</u></div>
<div><u> LOW 10.52 LOW 10.18 1/2</u></div>
<div><u> CLOSE10.69 1/4 Up 23 CLOSE 10.20 Up 1 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 2.45 13.14 482.902.32 12.52 460.03</u></div>
<div><u>CK High 2.55 13.24 486.582.40 12.60 462.97</u></div>
<div><u>CK Average 2.50 -0.5813.19 484.742.36 -0.5612.56 461.56</u></div>
<div><u>Essex Cty 2.45 13.14 482.902.35 12.55 461.13</u></div>
<div><u>Mdsx Low 2.47 13.16 483.642.30 12.50 459.30</u></div>
<div><u>Mdsx High 2.55 13.24 486.582.35 12.55 461.13</u></div>
<div><u>Mdsx Average 2.51 -0.5713.20 485.112.33 -0.5912.53 460.21</u></div>
<div><u>Hensall 2.50 13.19 484.742.38 12.58 462.05</u></div>
<div><u>Bruce 2.55 13.24 486.582.35 12.55 461.13</u></div>
<div><u>Putnam 2.45 13.14 482.902.35 12.55 461.13</u></div>
<div><u>Burford 2.53 13.22 485.842.36 12.56 461.50</u></div>
<div><u>Port Perry 2.47 13.16 483.642.30 12.50 459.30</u></div>
<div><u>Norfolk 2.53 13.22 485.842.40 12.60 462.97</u></div>
<div><u>Palmerston 2.45 13.14 482.902.40 12.60 462.97</u></div>
<div><u>Varna 2.45 13.14 482.902.40 12.60 462.97</u></div>
<div><u>Trenton 2.50 13.19 484.742.40 12.60 462.97</u></div>
<div><u>Winchester 2.58 13.27 487.682.50 12.70 466.65</u></div>
<div><u>North Gower 2.46 13.15 483.272.50 12.70 466.65</u></div>
<div><u>Huron FOB 2.60 13.29 488.422.50 12.70 466.65</u></div>
<div><u>Kent FOB 2.58 13.27 487.682.35 12.55 461.13</u></div>
<div><u>Lambton FOB 2.55 13.24 486.582.50 12.70 466.65</u></div>
<div><u>Middlesex FOB2.64 2.71 2.73 N/A 13.33 489.892.47 12.67 465.54</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.00 3.05 N/A N/A 13.69 503.112.85 13.05 479.51</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.73 13.42 493.192.83 13.03 478.77</u></div>
<div><u>Sarnia 2.51 13.20 485.112.75 12.95 475.83</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.46 10.24 376.11-0.51 9.69 356.12</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.306 down 0.0103</u></div>
<div><u>Chicago wheat closed moderately higher.</u></div>
<div><u>MAR17 HI 4.37 1/2 JUL17 HI 4.65 3/4</u></div>
<div><u> LOW 4.23 3/4 LOW 4.52 1/4</u></div>
<div><u> CLOSE 4.33 1/2 Up 7 1/2 CLOSE 4.63 1/4 Up 8 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower to lower.</u></div>
<div><u>MAR17 HI 5.90 SEP17 HI 5.66</u></div>
<div><u> LOW 5.64 3/4 LOW 5.58</u></div>
<div><u> CLOSE 5.66 1/2 Down 16 1/4 CLOSE 5.58 Down 3 1/2</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 0.48</u></div>
<div><u>CAD $/bu 4.94 4.87 5.00 6.15</u></div>
<div><u>CAD $/tonne 181.38 178.99 183.78 225.95</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 0.65 0.65 0.65 N/A 0.64 0.54 0.54 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 0.05 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.44 0.57 0.37 N/A 0.89 0.89 0.60</u></div>
<div><u>W O Feed 1.48</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia N/A N/A 0.84 N/A 1.16 0.82 0.92 N/A</u></div>
<div><u>Prescott N/A N/A 0.74 N/A N/A N/A 0.95 0.71</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.32N/A N/A N/A 1.40N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.19US 5.46CA 4.43US 5.77CA</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 0.65</u></div>
<div><u>CAD $/bu 5.51 5.45 5.45 6.23</u></div>
<div><u>CAD $/tonne 202.60 200.21 200.21 228.81</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 522.28</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;
background:#FDFDFD"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
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<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario<u><o:p></o:p></u></span></span></p>
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