<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><span style="background-color: rgb(253, 253, 253); color: rgb(51, 51, 51); font-family: "Courier New", monospace; font-size: 10pt;"></span></p>
<div style="text-decoration: underline;">FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 27</div>
<div style="text-decoration: underline;">(All Bases in CAD)</div>
<div style="text-decoration: underline;">Bank of Canada Noon exchange rate was 1.3108 up 0.0004</div>
<div style="text-decoration: underline;">Chicago corn closed slightly lower.</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;"> MAR17 HI 3.64 1/4 DEC17 HI 3.90 3/4</div>
<div style="text-decoration: underline;"> LOW 3.60 1/2 LOW 3.87 3/4</div>
<div style="text-decoration: underline;"> CLOSE3.62 1/2 Down 1 1/4 CLOSE 3.89 1/4 Down 1 1/2</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;"> OLD CROP BASIS NEW CROP BASIS</div>
<div style="text-decoration: underline;">Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt</div>
<div style="text-decoration: underline;">ELEVATORS +MAR17+MAY17+MAY17</div>
<div style="text-decoration: underline;">CK Low 0.65 4.28 168.30 0.75 4.64 182.77</div>
<div style="text-decoration: underline;">CK High 0.70 4.33 170.27 0.80 4.69 184.74</div>
<div style="text-decoration: underline;">CK Avg 0.66 -0.36 4.28 168.63 0.76 -0.35 4.65 183.10</div>
<div style="text-decoration: underline;">Essex Cty 0.55 4.18 164.36 0.75 4.64 182.77</div>
<div style="text-decoration: underline;">Mdsx Low 0.65 4.28 168.30 0.75 4.64 182.77</div>
<div style="text-decoration: underline;">Mdsx High 0.65 4.28 168.30 0.75 4.64 182.77</div>
<div style="text-decoration: underline;">Mdsx Avg 0.65 -0.37 4.28 168.30 0.75 -0.35 4.64 182.77</div>
<div style="text-decoration: underline;">Hensall 0.68 4.30 169.28 0.78 4.67 183.75</div>
<div style="text-decoration: underline;">Bruce 0.65 4.28 168.30 0.75 4.64 182.77</div>
<div style="text-decoration: underline;">Putnam 0.65 4.28 168.30 0.80 4.69 184.74</div>
<div style="text-decoration: underline;">Burford 0.65 4.28 168.30 0.85 4.74 186.70</div>
<div style="text-decoration: underline;">Port Perry 1.05 4.68 184.05 0.80 4.69 184.74</div>
<div style="text-decoration: underline;">Norfolk 0.75 4.38 172.24 0.85 4.74 186.70</div>
<div style="text-decoration: underline;">Palmerston 0.65 4.28 168.30 0.75 4.64 182.77</div>
<div style="text-decoration: underline;">Varna 0.70 4.33 170.27 0.80 4.69 184.74</div>
<div style="text-decoration: underline;">Trenton 1.15 4.78 187.98 0.85 4.74 186.70</div>
<div style="text-decoration: underline;">Winchester 1.14 4.77 187.59 1.00 4.89 192.61</div>
<div style="text-decoration: underline;">North Gower 1.12 4.75 186.80 1.10 4.99 196.55</div>
<div style="text-decoration: underline;">Huron FOB 0.97 4.60 180.90 0.90 4.79 188.67</div>
<div style="text-decoration: underline;">Kent FOB 1.00 4.63 182.08 0.85 4.74 186.70</div>
<div style="text-decoration: underline;">Lamb FOB 1.00 4.63 182.08 0.80 4.69 184.74</div>
<div style="text-decoration: underline;">Mdsx FOB 0.85 0.90 0.90N/A 4.48 176.17 0.75 4.64 182.77</div>
<div style="text-decoration: underline;">FOB SW Que 1.15 4.78 187.98N/A</div>
<div style="text-decoration: underline;">Track 1.28 4.90 192.90N/A</div>
<div style="text-decoration: underline;">PROCESSORS</div>
<div style="text-decoration: underline;">Chat-Eth N/A 1.27 1.27 1.22 1.00 4.89 192.61</div>
<div style="text-decoration: underline;">Jhnstwn-Eth N/A N/A N/A N/A N/A</div>
<div style="text-decoration: underline;">Aylmer-Eth N/A N/A N/A 1.20 1.00 4.89 192.61</div>
<div style="text-decoration: underline;">Sarn-Eth N/A 1.15 1.15 1.15 N/A</div>
<div style="text-decoration: underline;">Kawartha N/A N/A N/A N/A N/A</div>
<div style="text-decoration: underline;">London-Ing N/A N/A N/A 1.24 1.05 4.94 194.58</div>
<div style="text-decoration: underline;">Pt.Colb-Ing N/A N/A N/A N/A N/A</div>
<div style="text-decoration: underline;">Cardnl-Ing N/A N/A 1.50 1.40 1.10 4.99 196.55</div>
<div style="text-decoration: underline;">W O Feed 1.43 5.06 199.01</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;">US Rep 1.66 5.29 208.06</div>
<div style="text-decoration: underline;">Toledo El. -0.05 3.57 140.64 -0.33 3.56 140.33</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;">TRANSFER</div>
<div style="text-decoration: underline;">Sarnia 1.00 4.63 182.08 0.95 4.84190 2/3</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;">MID SD CRN 0.67 1/2 4.30</div>
<div style="text-decoration: underline;">HI SD CRN 0.70 4.32 1/2</div>
<div style="text-decoration: underline;">*Wet Bid</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;">Bank of Canada Noon exchange rate was 1.3108 up 0.0004</div>
<div style="text-decoration: underline;">Chicago soybeans closed narrowly mixed.</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;"> MAR17 HI 10.52 NOV17 HI 10.26</div>
<div style="text-decoration: underline;"> LOW 10.43 1/4 LOW 10.18</div>
<div style="text-decoration: underline;"> CLOSE10.49 1/4 Down 1/4 CLOSE 10.25 1/4 Up 2</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;"> OLD CROP NEW CROP</div>
<div style="text-decoration: underline;">Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt</div>
<div style="text-decoration: underline;">ELEVATORS +MAR1+MAR1+MAY17</div>
<div style="text-decoration: underline;">CK Low 2.45 12.94 475.562.40 12.65 464.90</div>
<div style="text-decoration: underline;">CK High 2.65 13.14 482.902.60 12.85 472.25</div>
<div style="text-decoration: underline;">CK Average 2.49 -0.6112.98 477.092.44 -0.5712.69 466.43</div>
<div style="text-decoration: underline;">Essex Cty 2.50 12.99 477.392.40 12.65 464.90</div>
<div style="text-decoration: underline;">Mdsx Low 2.45 12.94 475.562.38 12.63 464.16</div>
<div style="text-decoration: underline;">Mdsx High 2.50 12.99 477.392.40 12.65 464.90</div>
<div style="text-decoration: underline;">Mdsx Average 2.48 -0.6212.97 476.472.39 -0.6112.64 464.53</div>
<div style="text-decoration: underline;">Hensall 2.53 13.02 478.312.43 12.68 465.82</div>
<div style="text-decoration: underline;">Bruce 2.50 12.99 477.392.40 12.65 464.90</div>
<div style="text-decoration: underline;">Putnam 2.60 13.09 481.072.50 12.75 468.57</div>
<div style="text-decoration: underline;">Burford 2.52 13.01 478.132.45 12.70 466.74</div>
<div style="text-decoration: underline;">Port Perry 2.45 12.94 475.562.38 12.63 464.16</div>
<div style="text-decoration: underline;">Norfolk 2.50 12.99 477.392.55 12.80 470.41</div>
<div style="text-decoration: underline;">Palmerston 2.55 13.04 479.232.45 12.70 466.74</div>
<div style="text-decoration: underline;">Varna 2.60 13.09 481.072.50 12.75 468.57</div>
<div style="text-decoration: underline;">Trenton 2.50 12.99 477.392.40 12.65 464.90</div>
<div style="text-decoration: underline;">Winchester 2.58 13.07 480.332.58 12.83 471.51</div>
<div style="text-decoration: underline;">North Gower 2.50 12.99 477.392.57 12.82 471.15</div>
<div style="text-decoration: underline;">Huron FOB 2.70 13.19 484.742.55 12.80 470.41</div>
<div style="text-decoration: underline;">Kent FOB 2.55 13.04 479.232.40 12.65 464.90</div>
<div style="text-decoration: underline;">Lambton FOB 2.45 12.94 475.562.55 12.80 470.41</div>
<div style="text-decoration: underline;">Middlesex FOB2.55 2.62 2.66 N/A 13.04 479.232.48 12.73 467.84</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;">PROCESSORS</div>
<div style="text-decoration: underline;">Hamilton 2.95 3.00 3.05 N/A 13.44 493.932.90 13.15 483.27</div>
<div style="text-decoration: underline;"> N/A N/A N/A</div>
<div style="text-decoration: underline;">TRANSFER</div>
<div style="text-decoration: underline;">Prescott 2.75 13.24 486.582.83 13.08 480.70</div>
<div style="text-decoration: underline;">Sarnia 2.41 12.90 474.092.77 13.02 478.49</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;">Toledo El. -0.49 10.01 367.68-0.51 9.74 357.92</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;">Bank of Canada Noon exchange rate was 1.3108 up 0.0004</div>
<div style="text-decoration: underline;">Chicago wheat closed slightly to moderately lower.</div>
<div style="text-decoration: underline;">MAR17 HI 4.27 1/2 JUL17 HI 4.55</div>
<div style="text-decoration: underline;"> LOW 4.19 1/4 LOW 4.47 1/2</div>
<div style="text-decoration: underline;"> CLOSE 4.20 1/2 Down 6 1/2 CLOSE 4.49 1/4 Down 5 3/4</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;">Minni wheat closed slightly to moderately lower.</div>
<div style="text-decoration: underline;">MAR17 HI 5.68 3/4 SEP17 HI 5.60 1/2</div>
<div style="text-decoration: underline;"> LOW 5.59 1/4 LOW 5.55</div>
<div style="text-decoration: underline;"> CLOSE 5.60 Down 6 3/4 CLOSE 5.56 1/4 Down 3 1/2</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;">GFO Cash Wheat Prices - DEL Terminal</div>
<div style="text-decoration: underline;">Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</div>
<div style="text-decoration: underline;">Basis 0.79 0.79 0.79 0.44</div>
<div style="text-decoration: underline;">CAD $/bu 5.00 5.00 5.00 6.04</div>
<div style="text-decoration: underline;">CAD $/tonne 183.60 183.60 183.60 221.96</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;">Direct MarkHarvest 2016 Harvest 2017</div>
<div style="text-decoration: underline;"> DELIVERED BASIS DELIVERED BASIS</div>
<div style="text-decoration: underline;">Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)</div>
<div style="text-decoration: underline;">ELEVATORS</div>
<div style="text-decoration: underline;">Brgssvll N/A N/A 0.65 N/A N/A N/A 0.65 N/A</div>
<div style="text-decoration: underline;">London 0.72 0.72 0.79 N/A 0.74 0.68 0.68 N/A</div>
<div style="text-decoration: underline;">Hensall 0.70 N/A 0.70 N/A 0.70 N/A 0.65 N/A</div>
<div style="text-decoration: underline;">Trenton N/A N/A N/A N/A N/A N/A 0.85 N/A</div>
<div style="text-decoration: underline;">Bruce 0.70 0.70 0.70 0.40 0.70 0.60 0.65 0.60</div>
<div style="text-decoration: underline;">Essex N/A N/A N/A N/A N/A N/A 0.50 N/A</div>
<div style="text-decoration: underline;">Norwich 0.70 N/A 0.70 N/A 0.70 N/A 0.65 N/A</div>
<div style="text-decoration: underline;">Port Hope N/A N/A 0.75 N/A N/A 0.70 0.70 N/A</div>
<div style="text-decoration: underline;">Kent Bridge 0.70 N/A 0.70 N/A 0.70 N/A 0.65 N/A</div>
<div style="text-decoration: underline;">Chatham N/A N/A 0.65 N/A N/A N/A 0.65 N/A</div>
<div style="text-decoration: underline;">Brigden N/A N/A 0.65 N/A N/A N/A 0.65 N/A</div>
<div style="text-decoration: underline;">Palmerston N/A 0.70 0.70 0.40 N/A 0.60 0.60 0.60</div>
<div style="text-decoration: underline;">Varna 0.70 0.70 0.70 N/A 1.00 0.70 0.70 N/A</div>
<div style="text-decoration: underline;">Mitchell 0.70 0.70 0.70 N/A 0.70 0.65 0.65 N/A</div>
<div style="text-decoration: underline;">Thornton N/A N/A N/A -0.01 N/A N/A N/A N/A</div>
<div style="text-decoration: underline;">North Gower N/A 0.70 0.70 0.25 N/A 0.86 0.86 0.57</div>
<div style="text-decoration: underline;">W O Feed 1.45</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;">TERMINAL</div>
<div style="text-decoration: underline;">Sarnia 1.09 0.74 0.84 N/A 1.11 0.76 0.86 N/A</div>
<div style="text-decoration: underline;">Prescott N/A N/A 0.74 N/A N/A N/A 0.95 0.75</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;">PROCESSORS</div>
<div style="text-decoration: underline;">Toledo FM N/A N/A 1.32N/A N/A N/A 1.40N/A</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;">Toledo El. 4.06US 5.33CA 4.29US 5.63CA</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;">GFO Contract Wheat Prices - DEL Terminal</div>
<div style="text-decoration: underline;">Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</div>
<div style="text-decoration: underline;">Basis 0.87 0.81 0.81 0.68</div>
<div style="text-decoration: underline;">CAD $/bu 5.37 5.30 5.30 6.25</div>
<div style="text-decoration: underline;">CAD $/tonne 197.20 194.79 194.79 229.48</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;">(C)-Basis over the Chicago Board of Trade futures</div>
<div style="text-decoration: underline;">(M)-Basis over the Minneapolis Grain Exchange</div>
<div style="text-decoration: underline;"><br>
</div>
<div style="text-decoration: underline;">FEED GRAINS</div>
<div style="text-decoration: underline;">FOB Hm Soymeal 513.69</div>
<div style="text-decoration: underline;">DDG's FOB Srn & Aylm 145.00 - 150.00</div>
<div style="text-decoration: underline;"><br>
</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> </u><br>
<p></p>
<div id="Signature">
<div id="divtagdefaultwrapper" style="font-size:12pt; color:#000000; background-color:#FFFFFF; font-family:Calibri,Arial,Helvetica,sans-serif">
<div><u><span style="font-family:"Courier New",monospace; font-size:10pt"></span></u></div>
<u><br>
</u>
<p></p>
<p><br>
</p>
</div>
</div>
</div>
<p></p>
</div>
<p></p>
</div>
</body>
</html>