<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"><!-- P {margin-top:0;margin-bottom:0;} --></style>
</head>
<body dir="ltr">
<div id="divtagdefaultwrapper" style="font-size:10pt;color:#000000;font-family:'Courier New',monospace;" dir="ltr">
<p></p>
<div id="divtagdefaultwrapper" style="font-size:10pt;color:#000000;font-family:'Courier New',monospace;" dir="ltr">
<p></p>
<div id="divtagdefaultwrapper" style="font-size:10pt;color:#000000;font-family:'Courier New',monospace;" dir="ltr">
<p><u></u></p>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, January 24</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3152 down 0.0137</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.71 DEC17 HI 3.96 3/4</u></div>
<div><u> LOW 3.62 1/4 LOW 3.89 3/4</u></div>
<div><u> CLOSE3.63 1/4 Down 6 1/4 CLOSE 3.91 Down 5</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 4.28 168.59 0.75 4.66 183.46</u></div>
<div><u>CK High 0.70 4.33 170.56 0.90 4.81 189.36</u></div>
<div><u>CK Avg 0.66 -0.37 4.29 168.92 0.79 -0.33 4.70 185.10</u></div>
<div><u>Essex Cty 0.55 4.18 164.66 0.75 4.66 183.46</u></div>
<div><u>Mdsx Low 0.65 4.28 168.59 0.75 4.66 183.46</u></div>
<div><u>Mdsx High 0.65 4.28 168.59 0.80 4.71 185.42</u></div>
<div><u>Mdsx Avg 0.65 -0.38 4.28 168.59 0.78 -0.34 4.69 184.44</u></div>
<div><u>Hensall 0.68 4.31 169.58 0.83 4.74 186.41</u></div>
<div><u>Bruce 0.65 4.28 168.59 0.80 4.71 185.42</u></div>
<div><u>Putnam 0.65 4.28 168.59 0.80 4.71 185.42</u></div>
<div><u>Burford 0.75 4.38 172.53 0.90 4.81 189.36</u></div>
<div><u>Port Perry 1.05 4.68 184.34 0.85 4.76 187.39</u></div>
<div><u>Norfolk 0.75 4.38 172.53 0.90 4.81 189.36</u></div>
<div><u>Palmerston 0.65 4.28 168.59 0.90 4.81 189.36</u></div>
<div><u>Varna 0.70 4.33 170.56 0.85 4.76 187.39</u></div>
<div><u>Trenton 1.20 4.83 190.25 0.85 4.76 187.39</u></div>
<div><u>Winchester 1.15 4.78 188.28 1.13 5.04 198.42</u></div>
<div><u>North Gower 1.17 4.80 189.07 1.10 5.01 197.23</u></div>
<div><u>Huron FOB 1.00 4.63 182.37 0.90 4.81 189.36</u></div>
<div><u>Kent FOB 1.00 4.63 182.37 0.80 4.71 185.42</u></div>
<div><u>Lamb FOB 1.00 4.63 182.37 0.80 4.71 185.42</u></div>
<div><u>Mdsx FOB 0.85 0.90 0.90N/A 4.48 176.47 0.75 4.66 183.46</u></div>
<div><u>FOB SW Que 1.15 4.78 188.28N/A</u></div>
<div><u>Track 1.30 4.93 194.18N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.27 1.27 1.22 1.00 4.91 193.30</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 1.20 1.00 4.91 193.30</u></div>
<div><u>Sarn-Eth N/A 1.20 1.20 1.25 N/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 1.25 1.00 4.91 193.30</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 1.40 1.05 4.96 195.27</u></div>
<div><u>W O Feed 1.49 5.12 201.66</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.73 5.36 211.11</u></div>
<div><u>Toledo El. -0.08 3.55 139.90 -0.33 3.58 141.01</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.00 4.63 182.37 0.95 4.86191 1/3</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.30 3/4</u></div>
<div><u>HI SD CRN 0.70 4.33 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 1.3152 down 0.0137</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 10.68 NOV17 HI 10.32</u></div>
<div><u> LOW 10.51 1/4 LOW 10.20 1/4</u></div>
<div><u> CLOSE10.58 1/2 Up 3/4 CLOSE 10.26 Up 3/4</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 2.50 13.09 480.792.38 12.64 464.44</u></div>
<div><u>CK High 2.65 13.24 486.302.60 12.86 472.52</u></div>
<div><u>CK Average 2.57 -0.5813.15 483.242.50 -0.5412.76 468.73</u></div>
<div><u>Essex Cty 2.60 13.19 484.472.45 12.71 467.01</u></div>
<div><u>Mdsx Low 2.50 13.09 480.792.36 12.62 463.71</u></div>
<div><u>Mdsx High 2.60 13.19 484.472.50 12.76 468.85</u></div>
<div><u>Mdsx Average 2.55 -0.6013.14 482.632.43 -0.5912.69 466.28</u></div>
<div><u>Hensall 2.65 13.24 486.302.55 12.81 470.69</u></div>
<div><u>Bruce 2.60 13.19 484.472.50 12.76 468.85</u></div>
<div><u>Putnam 2.60 13.19 484.472.50 12.76 468.85</u></div>
<div><u>Burford 2.57 13.16 483.362.43 12.69 466.28</u></div>
<div><u>Port Perry 2.50 13.09 480.792.36 12.62 463.71</u></div>
<div><u>Norfolk 2.60 13.19 484.472.65 12.91 474.36</u></div>
<div><u>Palmerston 2.65 13.24 486.302.50 12.76 468.85</u></div>
<div><u>Varna 2.70 13.29 488.142.60 12.86 472.52</u></div>
<div><u>Trenton 2.60 13.19 484.472.50 12.76 468.85</u></div>
<div><u>Winchester 2.69 13.28 487.772.67 12.93 475.10</u></div>
<div><u>North Gower 2.65 13.24 486.302.67 12.93 475.10</u></div>
<div><u>Huron FOB 2.80 13.39 491.812.70 12.96 476.20</u></div>
<div><u>Kent FOB 2.65 13.24 486.302.50 12.76 468.85</u></div>
<div><u>Lambton FOB 2.60 13.19 484.472.60 12.86 472.52</u></div>
<div><u>Middlesex FOB2.60 2.67 2.72 N/A 13.19 484.472.52 12.78 469.58</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.00 3.05 3.10 N/A 13.59 499.162.95 13.21 485.38</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.80 13.39 491.812.87 13.13 482.44</u></div>
<div><u>Sarnia 2.55 13.14 482.632.87 13.13 482.44</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.53 10.06 369.61-0.51 9.75 358.18</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3152 down 0.0137</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>MAR17 HI 4.34 3/4 JUL17 HI 4.62 1/2</u></div>
<div><u> LOW 4.26 LOW 4.55</u></div>
<div><u> CLOSE 4.26 3/4 Down 6 1/2 CLOSE 4.56 Down 5 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed mixed.</u></div>
<div><u>MAR17 HI 5.66 SEP17 HI 5.60</u></div>
<div><u> LOW 5.60 LOW 5.56</u></div>
<div><u> CLOSE 5.60 3/4 Down 3 1/2 CLOSE 5.56 3/4 Up 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 0.82 0.82 0.82 0.45</u></div>
<div><u>CAD $/bu 5.09 5.09 5.09 6.06</u></div>
<div><u>CAD $/tonne 186.85 186.85 186.85 222.60</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 0.75 N/A N/A N/A 0.75 N/A</u></div>
<div><u>London 0.69 0.69 0.75 N/A 0.71 0.64 0.65 N/A</u></div>
<div><u>Hensall 0.80 N/A 0.80 N/A 0.80 N/A 0.75 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 0.80 0.65 0.80 0.40 0.80 0.60 0.75 0.60</u></div>
<div><u>Essex N/A N/A N/A N/A N/A N/A 0.60 N/A</u></div>
<div><u>Norwich 0.80 N/A 0.80 N/A 0.80 N/A 0.75 N/A</u></div>
<div><u>Port Hope N/A N/A 0.80 N/A N/A 0.75 0.75 N/A</u></div>
<div><u>Kent Bridge 0.80 N/A 0.80 N/A 0.80 N/A 0.75 N/A</u></div>
<div><u>Chatham N/A N/A 0.75 N/A N/A N/A 0.75 N/A</u></div>
<div><u>Brigden N/A N/A 0.75 N/A N/A N/A 0.75 N/A</u></div>
<div><u>Palmerston N/A 0.70 0.70 0.40 N/A 0.60 0.60 0.60</u></div>
<div><u>Varna 0.75 0.75 0.75 N/A 1.05 0.75 0.75 N/A</u></div>
<div><u>Mitchell 0.80 0.80 0.80 N/A 0.80 0.75 0.75 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.08 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.78 0.79 0.31 N/A 0.94 0.94 0.64</u></div>
<div><u>W O Feed 1.47</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 1.19 0.84 0.94 N/A 1.22 0.87 0.97 N/A</u></div>
<div><u>Prescott N/A N/A 0.77 N/A N/A N/A 0.99 0.76</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.34N/A N/A N/A 1.43N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.12US 5.41CA 4.36US 5.72CA</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 0.90 0.84 0.84 0.69</u></div>
<div><u>CAD $/bu 5.46 5.40 5.40 6.26</u></div>
<div><u>CAD $/tonne 200.67 198.26 198.26 229.98</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 513.69</u></div>
<div><u>DDG's FOB Srn & Aylm 145.00</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>
<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"> </span></span></span><span class="object"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><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);"> to
unsubscribe from this report.</span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<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>
<u></u><br>
</div>
<u><br>
</u>
<p></p>
<div id="Signature">
<div id="divtagdefaultwrapper" style="font-size:12pt; color:#000000; background-color:#FFFFFF; font-family:Calibri,Arial,Helvetica,sans-serif">
<p></p>
<p><br>
</p>
</div>
</div>
</div>
<p></p>
</div>
<p></p>
</div>
</body>
</html>