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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, December 5</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2694 down 0.0006</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.57 DEC18 HI 3.88 1/2</u></div>
<div><u> LOW 3.52 3/4 LOW 3.84 3/4</u></div>
<div><u> CLOSE3.53 3/4 Up 1/4 CLOSE 3.86 Up 1/2</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 4.09 160.92 0.65 4.51 177.55</u></div>
<div><u>CK High 0.65 4.19 164.85 0.70 4.56 179.52</u></div>
<div><u>CK Avg 0.57 -0.30 4.10 161.57 0.66 -0.29 4.52 177.88</u></div>
<div><u>Essex Cty 0.55 4.09 160.92 0.65 4.51 177.55</u></div>
<div><u>Mdsx Low 0.55 4.09 160.92 0.65 4.51 177.55</u></div>
<div><u>Mdsx High 0.55 4.09 160.92 0.65 4.51 177.55</u></div>
<div><u>Mdsx Avg 0.55 -0.32 4.09 160.92 0.65 -0.30 4.51 177.55</u></div>
<div><u>Hensall 0.58 4.11 161.90 0.65 4.51 177.55</u></div>
<div><u>Bruce 0.60 4.14 162.89 0.65 4.51 177.55</u></div>
<div><u>Putnam 0.55 4.09 160.92 0.65 4.51 177.55</u></div>
<div><u>Burford 0.60 4.14 162.89 0.70 4.56 179.52</u></div>
<div><u>Port Perry 0.60 4.14 162.89 0.70 4.56 179.52</u></div>
<div><u>Norfolk 0.55 4.09 160.92 0.65 4.51 177.55</u></div>
<div><u>Palmerston 0.60 4.14 162.89 0.65 4.51 177.55</u></div>
<div><u>Varna 0.60 4.14 162.89 0.65 4.51 177.55</u></div>
<div><u>Trenton 0.65 4.19 164.85 0.85 4.71 185.42</u></div>
<div><u>Winchester 1.00 4.54 178.63 0.85 4.71 185.42</u></div>
<div><u>North Gower 1.00 4.54 178.63 0.85 4.71 185.42</u></div>
<div><u>Huron FOB 0.75 4.29 168.79 0.75 4.61 181.49</u></div>
<div><u>Kent FOB 0.70 4.24 166.82 0.65 4.51 177.55</u></div>
<div><u>Lamb FOB 0.70 4.24 166.82 0.65 4.51 177.55</u></div>
<div><u>Mdsx FOB 0.60 0.65N/A N/A 4.14 162.89 0.65 4.51 177.55</u></div>
<div><u>FOB SW Que 1.27 4.81 189.26N/A</u></div>
<div><u>Track 1.08 4.61 181.59N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 0.88 0.93 0.93 0.85 4.71 185.42</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 4.66 183.46</u></div>
<div><u>Sarn-Eth 0.95 0.95 0.95N/A 4.49 176.67N/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 N/A 0.90 4.76 187.39</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 1.35 1.05 4.91 193.30</u></div>
<div><u>W O Feed 1.20 4.74 186.66</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.17 4.71 185.33</u></div>
<div><u>Toledo El. -0.19 3.35 131.77 -0.25 3.61 141.99</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.60 4.13 3/4</u></div>
<div><u>HI SD CRN 0.65 4.18 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2694 down 0.0006</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN18 HI 10.15 NOV18 HI 10.24</u></div>
<div><u> LOW 9.97 1/2 LOW 10.10 1/2</u></div>
<div><u> CLOSE10.08 1/2 Up 10 CLOSE 10.18 1/2 Up 7</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 1.85 11.94 438.541.85 12.04 442.21</u></div>
<div><u>CK High 2.00 12.09 444.052.00 12.19 447.72</u></div>
<div><u>CK Average 1.92 -0.6312.00 440.991.93 -0.6212.12 445.27</u></div>
<div><u>Essex Cty 1.95 12.04 442.211.95 12.14 445.88</u></div>
<div><u>Mdsx Low 1.90 11.99 440.371.90 12.09 444.05</u></div>
<div><u>Mdsx High 1.93 12.02 441.481.95 12.14 445.88</u></div>
<div><u>Mdsx Average 1.92 -0.6312.00 440.921.93 -0.6312.11 444.97</u></div>
<div><u>Hensall 1.88 11.96 439.451.93 12.11 444.97</u></div>
<div><u>Bruce 1.90 11.99 440.371.95 12.14 445.88</u></div>
<div><u>Putnam 2.00 12.09 444.052.05 12.24 449.56</u></div>
<div><u>Burford 2.00 12.09 444.051.95 12.14 445.88</u></div>
<div><u>Port Perry 1.90 11.99 440.371.87 12.06 442.95</u></div>
<div><u>Norfolk 1.95 12.04 442.212.00 12.19 447.72</u></div>
<div><u>Palmerston 2.05 12.14 445.882.00 12.19 447.72</u></div>
<div><u>Varna 1.90 11.99 440.371.95 12.14 445.88</u></div>
<div><u>Trenton 1.90 11.99 440.371.95 12.14 445.88</u></div>
<div><u>Winchester 1.95 12.04 442.211.99 12.18 447.35</u></div>
<div><u>North Gower 1.90 11.99 440.371.89 12.08 443.68</u></div>
<div><u>Huron FOB 2.00 12.09 444.052.05 12.24 449.56</u></div>
<div><u>Kent FOB 2.00 12.09 444.051.95 12.14 445.88</u></div>
<div><u>Lambton FOB 1.90 11.99 440.372.05 12.24 449.56</u></div>
<div><u>Middlesex FOB2.07 2.07 2.08 2.08 12.16 446.622.02 12.21 448.46</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.30 12.39 455.07 N/A</u></div>
<div><u>Prescott 2.08 12.17 446.992.19 12.38 454.70</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.34 9.74 357.97-0.38 9.80 360.27</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2694 down 0.0006</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 4.36 1/4 JUL18 HI 4.61 1/4</u></div>
<div><u> LOW 4.31 LOW 4.56 1/2</u></div>
<div><u> CLOSE 4.32 3/4 Down 2 1/2 CLOSE 4.58 1/4 Down 2 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 6.31 SEP18 HI 6.30 3/4</u></div>
<div><u> LOW 6.25 1/4 LOW 6.28</u></div>
<div><u> CLOSE 6.26 1/4 Down 2 3/4 CLOSE 6.29 1/2 Down 3/4</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 0.59 0.85 0.72 0.35</u></div>
<div><u>CAD $/bu 4.92 5.18 5.05 6.62</u></div>
<div><u>CAD $/tonne 180.85 190.18 185.51 243.12</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 0.82 0.82 0.82 N/A 0.57 0.81 0.69 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 0.65 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 0.75 0.25 N/A 0.65 0.70 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 0.08 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 1.45</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 1.29 N/A N/A N/A 1.22 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.23US 5.37CA 4.43US 5.62CA</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 0.84 0.84 0.78 0.29</u></div>
<div><u>CAD $/bu 5.43 5.43 5.36 6.58</u></div>
<div><u>CAD $/tonne 199.36 199.36 197.03 241.84</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 490.87</u></div>
<div><u>DDG's FOB Srn & Aylm 160.00 - 165.00</u></div>
<div><u><br>
</u></div>
<u><br>
</u>
<p></p>
<p style="margin-top:0;margin-bottom:0"><u><br>
</u></p>
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<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>
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background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
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