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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, December 4</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.27 up 0.0001</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.60 1/2 DEC18 HI 3.91</u></div>
<div><u> LOW 3.52 1/2 LOW 3.84 1/2</u></div>
<div><u> CLOSE3.53 1/2 Down 5 1/4 CLOSE 3.85 1/2 Down 4 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 +MAR18+MAR18+MAY18</u></div>
<div><u>CK Low 0.55 4.09 160.82 0.65 4.51 177.35</u></div>
<div><u>CK High 0.65 4.19 164.76 0.70 4.56 179.32</u></div>
<div><u>CK Avg 0.58 -0.30 4.11 161.80 0.67 -0.29 4.52 178.01</u></div>
<div><u>Essex Cty 0.60 4.14 162.79 0.70 4.56 179.32</u></div>
<div><u>Mdsx Low 0.55 4.09 160.82 0.65 4.51 177.35</u></div>
<div><u>Mdsx High 0.55 4.09 160.82 0.65 4.51 177.35</u></div>
<div><u>Mdsx Avg 0.55 -0.32 4.09 160.82 0.65 -0.30 4.51 177.35</u></div>
<div><u>Hensall 0.58 4.11 161.80 0.65 4.51 177.35</u></div>
<div><u>Bruce 0.60 4.14 162.79 0.65 4.51 177.35</u></div>
<div><u>Putnam 0.55 4.09 160.82 0.65 4.51 177.35</u></div>
<div><u>Burford 0.60 4.14 162.79 0.70 4.56 179.32</u></div>
<div><u>Port Perry 0.60 4.14 162.79 0.70 4.56 179.32</u></div>
<div><u>Norfolk 0.55 4.09 160.82 0.65 4.51 177.35</u></div>
<div><u>Palmerston 0.65 4.19 164.76 0.70 4.56 179.32</u></div>
<div><u>Varna 0.60 4.14 162.79 0.65 4.51 177.35</u></div>
<div><u>Trenton 0.65 4.19 164.76 0.85 4.71 185.23</u></div>
<div><u>Winchester 0.98 4.52 177.75 0.89 4.75 186.80</u></div>
<div><u>North Gower 1.00 4.54 178.54 0.85 4.71 185.23</u></div>
<div><u>Huron FOB 0.75 4.29 168.69 0.75 4.61 181.29</u></div>
<div><u>Kent FOB 0.70 4.24 166.72 0.65 4.51 177.35</u></div>
<div><u>Lamb FOB 0.70 4.24 166.72 0.65 4.51 177.35</u></div>
<div><u>Mdsx FOB 0.60 0.60N/A N/A 4.14 162.79 0.65 4.51 177.35</u></div>
<div><u>FOB SW Que 1.28 4.82 189.56N/A</u></div>
<div><u>Track 1.08 4.61 181.49N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 0.95 1.00 1.00 0.85 4.71 185.23</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A 0.90 0.90 0.90 0.80 4.66 183.26</u></div>
<div><u>Sarn-Eth 0.90 0.95 0.95N/A 4.44 174.60N/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 1.05 0.90 4.76 187.20</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 1.35 1.40 1.35 1.05 4.91 193.10</u></div>
<div><u>W O Feed 1.23 4.76 187.43</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.19 4.73 186.02</u></div>
<div><u>Toledo El. -0.24 3.29 129.67 -0.25 3.60 141.79</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.60 4.13 1/2</u></div>
<div><u>HI SD CRN 0.65 4.18 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.27 up 0.0001</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN18 HI 10.08 1/2 NOV18 HI 10.18 1/2</u></div>
<div><u> LOW 9.96 3/4 LOW 10.09 1/2</u></div>
<div><u> CLOSE9.98 1/2 Up 4 1/4 CLOSE 10.11 1/2 Up 2 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 +JAN1+MAR1+MAR18</u></div>
<div><u>CK Low 1.90 11.89 436.701.90 12.02 441.48</u></div>
<div><u>CK High 2.00 11.99 440.372.05 12.17 446.99</u></div>
<div><u>CK Average 1.95 -0.5811.94 438.661.96 -0.5912.08 443.80</u></div>
<div><u>Essex Cty 1.95 11.94 438.541.95 12.07 443.31</u></div>
<div><u>Mdsx Low 1.95 11.94 438.542.00 12.12 445.15</u></div>
<div><u>Mdsx High 1.97 11.96 439.272.03 12.15 446.25</u></div>
<div><u>Mdsx Average 1.96 -0.5811.95 438.902.02 -0.5412.13 445.70</u></div>
<div><u>Hensall 1.95 11.94 438.542.00 12.12 445.15</u></div>
<div><u>Bruce 1.95 11.94 438.542.00 12.12 445.15</u></div>
<div><u>Putnam 2.00 11.99 440.372.05 12.17 446.99</u></div>
<div><u>Burford 2.04 12.03 441.842.00 12.12 445.15</u></div>
<div><u>Port Perry 1.94 11.93 438.171.90 12.02 441.48</u></div>
<div><u>Norfolk 1.95 11.94 438.542.00 12.12 445.15</u></div>
<div><u>Palmerston 2.05 12.04 442.212.00 12.12 445.15</u></div>
<div><u>Varna 1.95 11.94 438.542.00 12.12 445.15</u></div>
<div><u>Trenton 1.95 11.94 438.542.00 12.12 445.15</u></div>
<div><u>Winchester 1.96 11.95 438.902.01 12.13 445.52</u></div>
<div><u>North Gower 1.85 11.84 434.861.80 11.92 437.80</u></div>
<div><u>Huron FOB 2.05 12.04 442.212.10 12.22 448.82</u></div>
<div><u>Kent FOB 2.00 11.99 440.371.95 12.07 443.31</u></div>
<div><u>Lambton FOB 1.95 11.94 438.542.10 12.22 448.82</u></div>
<div><u>Middlesex FOB2.11 2.11 2.12 2.12 12.10 444.422.06 12.18 447.35</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.35 12.34 453.23 N/A</u></div>
<div><u>Prescott 2.13 12.12 445.152.27 12.39 455.07</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.34 9.64 354.29-0.38 9.73 357.69</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.27 up 0.0001</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 4.43 JUL18 HI 4.68</u></div>
<div><u> LOW 4.34 1/4 LOW 4.59 1/4</u></div>
<div><u> CLOSE 4.35 1/4 Down 3 1/4 CLOSE 4.60 3/4 Down 3 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 6.34 SEP18 HI 6.30 3/4</u></div>
<div><u> LOW 6.27 1/2 LOW 6.27 3/4</u></div>
<div><u> CLOSE 6.29 Down 2 1/2 CLOSE 6.30 1/4 Down 1</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash 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 0.60 0.86 0.73 0.36</u></div>
<div><u>CAD $/bu 4.96 5.21 5.08 6.65</u></div>
<div><u>CAD $/tonne 182.11 191.44 186.78 244.52</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2017 Harvest 2018</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 0.70 N/A</u></div>
<div><u>London 0.85 0.85 0.85 N/A 0.91 0.85 0.72 N/A</u></div>
<div><u>Hensall 0.85 N/A 0.85 N/A 0.95 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 0.85 0.85 0.85 0.10 0.95 0.75 0.75 0.30</u></div>
<div><u>Essex N/A N/A N/A N/A N/A N/A 0.69 N/A</u></div>
<div><u>Norwich 0.85 N/A 0.85 N/A 0.95 N/A 0.75 N/A</u></div>
<div><u>Port Hope N/A N/A 0.85 N/A N/A 0.75 0.75 N/A</u></div>
<div><u>Kent Bridge 0.85 N/A 0.85 N/A 0.95 N/A 0.75 N/A</u></div>
<div><u>Chatham N/A N/A 0.75 N/A N/A N/A 0.70 N/A</u></div>
<div><u>Brigden N/A N/A 0.75 N/A N/A N/A 0.70 N/A</u></div>
<div><u>Palmerston N/A 0.80 0.85 0.25 N/A 0.65 0.75 0.35</u></div>
<div><u>Varna 1.05 0.75 0.75 N/A 0.90 0.70 0.70 N/A</u></div>
<div><u>Mitchell 0.85 0.85 0.85 N/A 0.95 0.75 0.75 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.12 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.60 0.60 0.30 N/A 0.94 0.84 0.20</u></div>
<div><u>W O Feed 1.47</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.30 N/A N/A N/A 1.23 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.25US 5.40CA 4.46US 5.65CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 0.85 0.85 0.79 0.29</u></div>
<div><u>CAD $/bu 5.46 5.46 5.40 6.59</u></div>
<div><u>CAD $/tonne 200.60 200.60 198.27 242.28</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 484.47</u></div>
<div><u>DDG's FOB Srn & Aylm 160.00 - 165.00</u></div>
<div><br>
</div>
<p class="MsoNormal"><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD">Blair Andrews</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><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); text-decoration-line: none;">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:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333;background:#FDFDFD">x
63577<span class="apple-converted-space"> </span></span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><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); text-decoration-line: none;">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:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333"><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%;
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p></o:p></span></span></p>
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