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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, December 12</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2874 up 0.0027</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.53 DEC18 HI 3.85 1/2</u></div>
<div><u> LOW 3.47 1/2 LOW 3.80</u></div>
<div><u> CLOSE3.47 3/4 Down 1 1/4 CLOSE 3.80 1/4 Down 1 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 4.03 158.56 0.65 4.45 175.29</u></div>
<div><u>CK High 0.65 4.13 162.49 0.70 4.50 177.26</u></div>
<div><u>CK Avg 0.58 -0.33 4.05 159.54 0.66 -0.33 4.46 175.62</u></div>
<div><u>Essex Cty 0.55 4.03 158.56 0.65 4.45 175.29</u></div>
<div><u>Mdsx Low 0.55 4.03 158.56 0.65 4.45 175.29</u></div>
<div><u>Mdsx High 0.55 4.03 158.56 0.65 4.45 175.29</u></div>
<div><u>Mdsx Avg 0.55 -0.35 4.03 158.56 0.65 -0.34 4.45 175.29</u></div>
<div><u>Hensall 0.58 4.05 159.54 0.65 4.45 175.29</u></div>
<div><u>Bruce 0.60 4.08 160.52 0.65 4.45 175.29</u></div>
<div><u>Putnam 0.55 4.03 158.56 0.65 4.45 175.29</u></div>
<div><u>Burford 0.60 4.08 160.52 0.70 4.50 177.26</u></div>
<div><u>Port Perry 0.60 4.08 160.52 0.70 4.50 177.26</u></div>
<div><u>Norfolk 0.60 4.08 160.52 0.65 4.45 175.29</u></div>
<div><u>Palmerston 0.60 4.08 160.52 0.65 4.45 175.29</u></div>
<div><u>Varna 0.60 4.08 160.52 0.65 4.45 175.29</u></div>
<div><u>Trenton 0.65 4.13 162.49 0.80 4.60 181.19</u></div>
<div><u>Winchester 1.01 4.49 176.67 0.90 4.70 185.13</u></div>
<div><u>North Gower 0.97 4.45 175.09 0.82 4.62 181.98</u></div>
<div><u>Huron FOB 0.75 4.23 166.43 0.75 4.55 179.22</u></div>
<div><u>Kent FOB 0.75 4.23 166.43 0.75 4.55 179.22</u></div>
<div><u>Lamb FOB 0.80 4.28 168.40 0.65 4.45 175.29</u></div>
<div><u>Mdsx FOB 0.60 0.65N/A N/A 4.08 160.52 0.65 4.45 175.29</u></div>
<div><u>FOB SW Que 1.40 4.88 192.02N/A</u></div>
<div><u>Track 1.08 4.55 179.22N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 0.88 0.93 0.93 0.85 4.65 183.16</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 4.60 181.19</u></div>
<div><u>Sarn-Eth 0.90 0.95 0.95 0.95 4.38 172.33N/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 4.70 185.13</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 4.85 191.03</u></div>
<div><u>W O Feed 1.23 4.71 185.25</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.27 4.75 186.90</u></div>
<div><u>Toledo El. -0.15 3.32 130.82 -0.26 3.55 139.58</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.60 4.07 3/4</u></div>
<div><u>HI SD CRN 0.65 4.12 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 1.2874 up 0.0027</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JAN18 HI 9.86 1/4 NOV18 HI 10.02 1/2</u></div>
<div><u> LOW 9.75 LOW 9.94</u></div>
<div><u> CLOSE9.75 3/4 Down 6 3/4 CLOSE 9.94 3/4 Down 4 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 1.92 11.68 429.071.90 11.85 435.32</u></div>
<div><u>CK High 2.00 11.76 432.012.05 12.00 440.83</u></div>
<div><u>CK Average 1.97 -0.6511.73 430.911.98 -0.6611.93 438.32</u></div>
<div><u>Essex Cty 1.95 11.71 430.181.95 11.90 437.16</u></div>
<div><u>Mdsx Low 1.92 11.68 429.071.94 11.89 436.79</u></div>
<div><u>Mdsx High 1.95 11.71 430.182.00 11.95 439.00</u></div>
<div><u>Mdsx Average 1.94 -0.6811.69 429.631.97 -0.6711.92 437.89</u></div>
<div><u>Hensall 1.98 11.73 431.102.03 11.97 439.91</u></div>
<div><u>Bruce 1.95 11.71 430.181.95 11.90 437.16</u></div>
<div><u>Putnam 2.00 11.76 432.012.05 12.00 440.83</u></div>
<div><u>Burford 1.99 11.75 431.652.01 11.96 439.36</u></div>
<div><u>Port Perry 1.89 11.65 427.971.91 11.86 435.69</u></div>
<div><u>Norfolk 2.05 11.81 433.852.10 12.05 442.67</u></div>
<div><u>Palmerston 2.05 11.81 433.852.00 11.95 439.00</u></div>
<div><u>Varna 2.00 11.76 432.012.05 12.00 440.83</u></div>
<div><u>Trenton 1.95 11.71 430.182.00 11.95 439.00</u></div>
<div><u>Winchester 2.00 11.76 432.012.05 12.00 440.83</u></div>
<div><u>North Gower 1.90 11.66 428.341.90 11.85 435.32</u></div>
<div><u>Huron FOB 2.10 11.86 435.692.05 12.00 440.83</u></div>
<div><u>Kent FOB 2.10 11.86 435.692.05 12.00 440.83</u></div>
<div><u>Lambton FOB 2.05 11.81 433.852.20 12.15 446.34</u></div>
<div><u>Middlesex FOB2.09 2.16 2.17 2.24 11.85 435.322.18 12.13 445.61</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.45 12.21 448.55 N/A</u></div>
<div><u>Prescott 2.08 11.84 434.952.19 12.14 445.98</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.28 9.47 348.12-0.39 9.56 351.35</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2874 up 0.0027</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 4.18 3/4 JUL18 HI 4.45 3/4</u></div>
<div><u> LOW 4.10 1/2 LOW 4.37</u></div>
<div><u> CLOSE 4.10 3/4 Down 2 3/4 CLOSE 4.37 1/4 Down 4 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 6.11 1/4 SEP18 HI 6.20</u></div>
<div><u> LOW 6.05 LOW 6.16 1/4</u></div>
<div><u> CLOSE 6.05 1/2 Down 3 1/4 CLOSE 6.17 Down 2</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 0.39</u></div>
<div><u>CAD $/bu 4.71 4.97 4.84 6.44</u></div>
<div><u>CAD $/tonne 173.02 182.48 177.75 236.76</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 0.80 N/A N/A N/A 0.75 N/A</u></div>
<div><u>London 0.84 1.04 0.84 N/A 0.92 0.85 0.72 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 0.80 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 0.11 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 1.43</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. 4.11US 5.29CA 4.22US 5.42CA</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 0.79 0.34</u></div>
<div><u>CAD $/bu 5.23 5.23 5.17 6.51</u></div>
<div><u>CAD $/tonne 192.21 192.21 189.85 239.29</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 470.36</u></div>
<div><u>DDG's FOB Srn & Aylm 170.00 - 175.00</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;
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%;
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"> to
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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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