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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, December 11</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2847 down 0.0018</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.52 1/4 DEC18 HI 3.84 3/4</u></div>
<div><u> LOW 3.48 1/4 LOW 3.81 1/4</u></div>
<div><u> CLOSE3.49 Down 3 3/4 CLOSE 3.81 1/2 Down 3 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 4.04 159.05 0.65 4.47 175.78</u></div>
<div><u>CK High 0.65 4.14 162.98 0.70 4.52 177.75</u></div>
<div><u>CK Avg 0.58 -0.33 4.07 160.03 0.66 -0.33 4.47 176.11</u></div>
<div><u>Essex Cty 0.55 4.04 159.05 0.65 4.47 175.78</u></div>
<div><u>Mdsx Low 0.55 4.04 159.05 0.65 4.47 175.78</u></div>
<div><u>Mdsx High 0.55 4.04 159.05 0.65 4.47 175.78</u></div>
<div><u>Mdsx Avg 0.55 -0.35 4.04 159.05 0.65 -0.33 4.47 175.78</u></div>
<div><u>Hensall 0.58 4.07 160.03 0.65 4.47 175.78</u></div>
<div><u>Bruce 0.60 4.09 161.02 0.65 4.47 175.78</u></div>
<div><u>Putnam 0.55 4.04 159.05 0.65 4.47 175.78</u></div>
<div><u>Burford 0.60 4.09 161.02 0.70 4.52 177.75</u></div>
<div><u>Port Perry 0.60 4.09 161.02 0.70 4.52 177.75</u></div>
<div><u>Norfolk 0.60 4.09 161.02 0.65 4.47 175.78</u></div>
<div><u>Palmerston 0.60 4.09 161.02 0.65 4.47 175.78</u></div>
<div><u>Varna 0.60 4.09 161.02 0.65 4.47 175.78</u></div>
<div><u>Trenton 0.65 4.14 162.98 0.85 4.67 183.65</u></div>
<div><u>Winchester 1.01 4.50 177.16 0.90 4.72 185.62</u></div>
<div><u>North Gower 0.97 4.46 175.58 0.82 4.64 182.47</u></div>
<div><u>Huron FOB 0.75 4.24 166.92 0.75 4.57 179.72</u></div>
<div><u>Kent FOB 0.75 4.24 166.92 0.75 4.57 179.72</u></div>
<div><u>Lamb FOB 0.70 4.19 164.95 0.65 4.47 175.78</u></div>
<div><u>Mdsx FOB 0.60 0.65N/A N/A 4.09 161.02 0.65 4.47 175.78</u></div>
<div><u>FOB SW Que 1.31 4.80 188.97N/A</u></div>
<div><u>Track 1.08 4.57 179.72N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 0.88 0.93 0.93 0.85 4.67 183.65</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 4.62 181.68</u></div>
<div><u>Sarn-Eth 0.90 0.95 0.95N/A 4.39 172.83N/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 0.85 4.67 183.65</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 1.00 4.82 189.56</u></div>
<div><u>W O Feed 1.21 4.70 185.03</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.17 4.66 183.46</u></div>
<div><u>Toledo El. -0.15 3.34 131.33 -0.26 3.56 140.10</u></div>
<div><u><br>
</u></div>
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</u></div>
<div><u>MID SD CRN 0.60 4.09</u></div>
<div><u>HI SD CRN 0.65 4.14</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2847 down 0.0018</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JAN18 HI 9.89 NOV18 HI 10.04</u></div>
<div><u> LOW 9.81 1/2 LOW 9.97 3/4</u></div>
<div><u> CLOSE9.82 1/2 Down 7 1/4 CLOSE 9.99 1/4 Down 5 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 11.78 432.661.90 11.89 436.97</u></div>
<div><u>CK High 2.05 11.88 436.332.10 12.09 444.32</u></div>
<div><u>CK Average 1.99 -0.6311.82 434.192.00 -0.6411.99 440.71</u></div>
<div><u>Essex Cty 1.95 11.78 432.661.95 11.94 438.81</u></div>
<div><u>Mdsx Low 1.95 11.78 432.662.00 11.99 440.65</u></div>
<div><u>Mdsx High 2.00 11.83 434.492.01 12.00 441.02</u></div>
<div><u>Mdsx Average 1.98 -0.6411.80 433.582.01 -0.6312.00 440.83</u></div>
<div><u>Hensall 1.98 11.80 433.582.03 12.02 441.57</u></div>
<div><u>Bruce 1.95 11.78 432.661.95 11.94 438.81</u></div>
<div><u>Putnam 2.00 11.83 434.492.05 12.04 442.49</u></div>
<div><u>Burford 2.07 11.90 437.072.08 12.07 443.59</u></div>
<div><u>Port Perry 1.97 11.80 433.391.98 11.97 439.91</u></div>
<div><u>Norfolk 2.10 11.93 438.172.15 12.14 446.16</u></div>
<div><u>Palmerston 2.05 11.88 436.332.00 11.99 440.65</u></div>
<div><u>Varna 2.00 11.83 434.492.05 12.04 442.49</u></div>
<div><u>Trenton 1.95 11.78 432.661.95 11.94 438.81</u></div>
<div><u>Winchester 2.11 11.94 438.542.25 12.24 449.83</u></div>
<div><u>North Gower 1.90 11.73 430.821.90 11.89 436.97</u></div>
<div><u>Huron FOB 2.10 11.93 438.172.05 12.04 442.49</u></div>
<div><u>Kent FOB 2.15 11.98 440.012.10 12.09 444.32</u></div>
<div><u>Lambton FOB 2.05 11.88 436.332.20 12.19 448.00</u></div>
<div><u>Middlesex FOB2.11 2.17 2.19 2.26 11.94 438.542.18 12.17 447.26</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.50 12.33 452.87 N/A</u></div>
<div><u>Prescott 2.08 11.91 437.432.19 12.18 447.63</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.28 9.54 350.62-0.38 9.61 353.03</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2847 down 0.0018</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>MAR18 HI 4.18 3/4 JUL18 HI 4.45 3/4</u></div>
<div><u> LOW 4.10 3/4 LOW 4.39</u></div>
<div><u> CLOSE 4.13 1/2 Down 5 1/2 CLOSE 4.41 1/2 Down 4 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 6.13 3/4 SEP18 HI 6.22 3/4</u></div>
<div><u> LOW 6.06 3/4 LOW 6.17 3/4</u></div>
<div><u> CLOSE 6.08 3/4 Down 2 1/2 CLOSE 6.19 Down 2 1/4</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 0.60 0.86 0.73 0.38</u></div>
<div><u>CAD $/bu 4.73 4.99 4.86 6.47</u></div>
<div><u>CAD $/tonne 173.95 183.39 178.67 237.79</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 0.87 0.87 0.87 N/A 0.94 0.88 0.75 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 0.71 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 0.80 N/A N/A 0.75 0.75 N/A</u></div>
<div><u>Kent Bridge 0.80 N/A 0.80 N/A 1.00 N/A 0.75 N/A</u></div>
<div><u>Chatham N/A N/A 0.80 N/A N/A N/A 0.75 N/A</u></div>
<div><u>Brigden N/A N/A 0.80 N/A N/A N/A 0.75 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 0.40 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.60 0.60 0.30 N/A 0.95 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 1.31 N/A N/A N/A 1.12 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.14US 5.31CA 4.27US 5.47CA</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 0.86 0.86 0.80 0.34</u></div>
<div><u>CAD $/bu 5.28 5.28 5.21 6.53</u></div>
<div><u>CAD $/tonne 193.85 193.85 191.49 239.78</u></div>
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</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 469.26</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" style=""><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" style=""><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" style=""><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>
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