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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, December 8</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2865 up 0.0006</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.54 DEC18 HI 3.86 1/4</u></div>
<div><u> LOW 3.51 1/4 LOW 3.84</u></div>
<div><u> CLOSE3.52 3/4 Up 1 1/4 CLOSE 3.85 Up 1</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 4.08 160.52 0.65 4.50 177.16</u></div>
<div><u>CK High 0.65 4.18 164.46 0.70 4.55 179.13</u></div>
<div><u>CK Avg 0.57 -0.34 4.09 161.18 0.66 -0.34 4.51 177.49</u></div>
<div><u>Essex Cty 0.55 4.08 160.52 0.65 4.50 177.16</u></div>
<div><u>Mdsx Low 0.55 4.08 160.52 0.65 4.50 177.16</u></div>
<div><u>Mdsx High 0.55 4.08 160.52 0.65 4.50 177.16</u></div>
<div><u>Mdsx Avg 0.55 -0.36 4.08 160.52 0.65 -0.34 4.50 177.16</u></div>
<div><u>Hensall 0.58 4.10 161.51 0.65 4.50 177.16</u></div>
<div><u>Bruce 0.60 4.13 162.49 0.65 4.50 177.16</u></div>
<div><u>Putnam 0.55 4.08 160.52 0.65 4.50 177.16</u></div>
<div><u>Burford 0.60 4.13 162.49 0.70 4.55 179.13</u></div>
<div><u>Port Perry 0.60 4.13 162.49 0.70 4.55 179.13</u></div>
<div><u>Norfolk 0.55 4.08 160.52 0.65 4.50 177.16</u></div>
<div><u>Palmerston 0.60 4.13 162.49 0.65 4.50 177.16</u></div>
<div><u>Varna 0.60 4.13 162.49 0.65 4.50 177.16</u></div>
<div><u>Trenton 0.65 4.18 164.46 0.85 4.70 185.03</u></div>
<div><u>Winchester 1.01 4.54 178.63 0.89 4.74 186.61</u></div>
<div><u>North Gower 0.97 4.50 177.06 0.82 4.67 183.85</u></div>
<div><u>Huron FOB 0.75 4.28 168.40 0.75 4.60 181.09</u></div>
<div><u>Kent FOB 0.70 4.23 166.43 0.65 4.50 177.16</u></div>
<div><u>Lamb FOB 0.70 4.23 166.43 0.65 4.50 177.16</u></div>
<div><u>Mdsx FOB 0.60 0.65N/A N/A 4.13 162.49 0.65 4.50 177.16</u></div>
<div><u>FOB SW Que 1.34 4.87 191.63N/A</u></div>
<div><u>Track 1.10 4.63 182.18N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 0.88 0.93 0.93 0.85 4.70 185.03</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 4.65 183.06</u></div>
<div><u>Sarn-Eth 0.95 0.95 0.95N/A 4.48 176.27N/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 4.75 187.00</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 4.90 192.90</u></div>
<div><u>W O Feed 1.21 4.74 186.51</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.17 4.70 184.93</u></div>
<div><u>Toledo El. -0.15 3.37 132.80 -0.26 3.59 141.46</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.60 4.12 3/4</u></div>
<div><u>HI SD CRN 0.65 4.17 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 1.2865 up 0.0006</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JAN18 HI 9.96 1/2 NOV18 HI 10.09</u></div>
<div><u> LOW 9.86 LOW 10.00</u></div>
<div><u> CLOSE9.89 3/4 Down 2 1/4 CLOSE 10.04 3/4 Down 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 1.95 11.85 435.321.90 11.95 439.00</u></div>
<div><u>CK High 2.06 11.96 439.362.05 12.10 444.51</u></div>
<div><u>CK Average 1.99 -0.6511.89 436.911.98 -0.6712.03 442.06</u></div>
<div><u>Essex Cty 1.95 11.85 435.321.95 12.00 440.83</u></div>
<div><u>Mdsx Low 1.95 11.85 435.321.95 12.00 440.83</u></div>
<div><u>Mdsx High 2.06 11.96 439.362.00 12.05 442.67</u></div>
<div><u>Mdsx Average 2.01 -0.6411.90 437.341.98 -0.6812.02 441.75</u></div>
<div><u>Hensall 1.98 11.87 436.242.03 12.07 443.59</u></div>
<div><u>Bruce 1.95 11.85 435.321.95 12.00 440.83</u></div>
<div><u>Putnam 2.00 11.90 437.162.05 12.10 444.51</u></div>
<div><u>Burford 2.13 12.03 441.932.02 12.07 443.40</u></div>
<div><u>Port Perry 2.03 11.93 438.261.92 11.97 439.73</u></div>
<div><u>Norfolk 2.05 11.95 439.002.10 12.15 446.34</u></div>
<div><u>Palmerston 2.05 11.95 439.002.00 12.05 442.67</u></div>
<div><u>Varna 2.00 11.90 437.162.05 12.10 444.51</u></div>
<div><u>Trenton 1.90 11.80 433.481.95 12.00 440.83</u></div>
<div><u>Winchester 2.11 12.01 441.202.25 12.30 451.86</u></div>
<div><u>North Gower 1.90 11.80 433.481.90 11.95 439.00</u></div>
<div><u>Huron FOB 2.10 12.00 440.832.05 12.10 444.51</u></div>
<div><u>Kent FOB 2.00 11.90 437.161.95 12.00 440.83</u></div>
<div><u>Lambton FOB 2.05 11.95 439.002.20 12.25 450.02</u></div>
<div><u>Middlesex FOB2.17 2.23 2.08 2.14 12.07 443.402.07 12.12 445.24</u></div>
<div><u><br>
</u></div>
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</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.50 12.40 455.53 N/A</u></div>
<div><u>Prescott 2.08 11.98 440.102.19 12.24 449.65</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.28 9.61 353.28-0.39 9.66 355.03</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2865 up 0.0006</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 4.24 3/4 JUL18 HI 4.51 3/4</u></div>
<div><u> LOW 4.17 3/4 LOW 4.44 1/2</u></div>
<div><u> CLOSE 4.19 Down 2 1/2 CLOSE 4.45 3/4 Down 3 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>MAR18 HI 6.16 SEP18 HI 6.23 1/2</u></div>
<div><u> LOW 6.08 LOW 6.20</u></div>
<div><u> CLOSE 6.11 1/4 Up 1/4 CLOSE 6.21 1/4 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 0.62 0.88 0.75 0.40</u></div>
<div><u>CAD $/bu 4.81 5.07 4.94 6.51</u></div>
<div><u>CAD $/tonne 176.73 186.18 181.45 239.22</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 0.75 N/A</u></div>
<div><u>London 0.89 0.89 0.89 N/A 0.88 0.82 0.69 N/A</u></div>
<div><u>Hensall 0.80 N/A 0.80 N/A 1.00 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 0.65 N/A N/A N/A 0.70 N/A</u></div>
<div><u>Norwich 0.80 N/A 0.80 N/A 1.00 N/A 0.75 N/A</u></div>
<div><u>Port Hope N/A 1.00 0.85 N/A N/A 0.75 0.75 N/A</u></div>
<div><u>Kent Bridge 0.80 N/A 0.80 N/A 1.00 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 1.10 0.80 0.80 N/A 0.95 0.75 0.75 N/A</u></div>
<div><u>Mitchell 0.80 0.80 0.80 N/A 1.00 0.75 0.75 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.18 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 0.70 0.20</u></div>
<div><u>W O Feed 1.43</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 1.33 N/A N/A N/A 1.26 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.19US 5.39CA 4.31US 5.53CA</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 0.88 0.88 0.81 0.35</u></div>
<div><u>CAD $/bu 5.34 5.34 5.27 6.56</u></div>
<div><u>CAD $/tonne 196.09 196.09 193.73 241.13</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 473.67</u></div>
<div><u>DDG's FOB Srn & Aylm 165.00 - 170.00</u></div>
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</u></div>
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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>
<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;
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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