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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 13</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2839 down 0.0035</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.50 DEC18 HI 3.82 1/4</u></div>
<div><u> LOW 3.47 3/4 LOW 3.80 1/4</u></div>
<div><u> CLOSE3.49 Up 1 1/4 CLOSE 3.81 1/4 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 4.04 159.05 0.65 4.46 175.68</u></div>
<div><u>CK High 0.65 4.14 162.98 0.70 4.51 177.65</u></div>
<div><u>CK Avg 0.58 -0.32 4.07 160.36 0.66 -0.32 4.47 176.01</u></div>
<div><u>Essex Cty 0.55 4.04 159.05 0.65 4.46 175.68</u></div>
<div><u>Mdsx Low 0.55 4.04 159.05 0.65 4.46 175.68</u></div>
<div><u>Mdsx High 0.60 4.09 161.02 0.65 4.46 175.68</u></div>
<div><u>Mdsx Avg 0.58 -0.32 4.07 160.03 0.65 -0.33 4.46 175.68</u></div>
<div><u>Hensall 0.58 4.07 160.03 0.65 4.46 175.68</u></div>
<div><u>Bruce 0.60 4.09 161.02 0.65 4.46 175.68</u></div>
<div><u>Putnam 0.55 4.04 159.05 0.65 4.46 175.68</u></div>
<div><u>Burford 0.65 4.14 162.98 0.70 4.51 177.65</u></div>
<div><u>Port Perry 0.60 4.09 161.02 0.70 4.51 177.65</u></div>
<div><u>Norfolk 0.60 4.09 161.02 0.65 4.46 175.68</u></div>
<div><u>Palmerston 0.60 4.09 161.02 0.65 4.46 175.68</u></div>
<div><u>Varna 0.60 4.09 161.02 0.65 4.46 175.68</u></div>
<div><u>Trenton 0.65 4.14 162.98 0.80 4.61 181.59</u></div>
<div><u>Winchester 1.01 4.50 177.16 0.90 4.71 185.52</u></div>
<div><u>North Gower 0.97 4.46 175.58 0.82 4.63 182.37</u></div>
<div><u>Huron FOB 0.75 4.24 166.92 0.75 4.56 179.62</u></div>
<div><u>Kent FOB 0.75 4.24 166.92 0.75 4.56 179.62</u></div>
<div><u>Lamb FOB 0.80 4.29 168.89 0.65 4.46 175.68</u></div>
<div><u>Mdsx FOB 0.60 0.65N/A N/A 4.09 161.02 0.65 4.46 175.68</u></div>
<div><u>FOB SW Que 1.51 5.00 196.84N/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 4.66 183.55</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 0.95 0.95 0.85 4.66 183.55</u></div>
<div><u>Sarn-Eth 0.90 0.95 0.95 0.95 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 0.90 4.71 185.52</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 4.86 191.43</u></div>
<div><u>W O Feed 1.23 4.72 185.82</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.27 4.76 187.39</u></div>
<div><u>Toledo El. -0.10 3.39 133.35 -0.26 3.56 140.01</u></div>
<div><u><br>
</u></div>
<div><u><br>
</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 1.2839 down 0.0035</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN18 HI 9.81 1/2 NOV18 HI 10.00 1/2</u></div>
<div><u> LOW 9.76 LOW 9.95 1/4</u></div>
<div><u> CLOSE9.79 1/4 Up 3 1/2 CLOSE 9.98 Up 3 1/4</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 11.71 430.361.90 11.88 436.52</u></div>
<div><u>CK High 2.00 11.79 433.302.05 12.03 442.03</u></div>
<div><u>CK Average 1.97 -0.6311.76 432.201.98 -0.6411.96 439.52</u></div>
<div><u>Essex Cty 1.95 11.74 431.461.95 11.93 438.35</u></div>
<div><u>Mdsx Low 1.92 11.71 430.361.94 11.92 437.99</u></div>
<div><u>Mdsx High 1.95 11.74 431.462.00 11.98 440.19</u></div>
<div><u>Mdsx Average 1.94 -0.6611.73 430.911.97 -0.6511.95 439.09</u></div>
<div><u>Hensall 1.98 11.77 432.382.03 12.01 441.11</u></div>
<div><u>Bruce 1.95 11.74 431.461.95 11.93 438.35</u></div>
<div><u>Putnam 2.00 11.79 433.302.05 12.03 442.03</u></div>
<div><u>Burford 1.99 11.78 432.932.01 11.99 440.56</u></div>
<div><u>Port Perry 1.89 11.68 429.261.91 11.89 436.88</u></div>
<div><u>Norfolk 2.05 11.84 435.142.10 12.08 443.86</u></div>
<div><u>Palmerston 2.05 11.84 435.142.00 11.98 440.19</u></div>
<div><u>Varna 2.00 11.79 433.302.05 12.03 442.03</u></div>
<div><u>Trenton 1.95 11.74 431.462.00 11.98 440.19</u></div>
<div><u>Winchester 1.97 11.76 432.202.02 12.00 440.92</u></div>
<div><u>North Gower 1.90 11.69 429.631.90 11.88 436.52</u></div>
<div><u>Huron FOB 2.10 11.89 436.972.05 12.03 442.03</u></div>
<div><u>Kent FOB 2.10 11.89 436.972.05 12.03 442.03</u></div>
<div><u>Lambton FOB 2.05 11.84 435.142.20 12.18 447.54</u></div>
<div><u>Middlesex FOB2.09 2.16 2.17 2.24 11.88 436.612.18 12.16 446.80</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.40 12.19 448.00 N/A</u></div>
<div><u>Prescott 2.08 11.87 436.242.19 12.17 447.17</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.28 9.51 349.43-0.38 9.60 352.59</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2839 down 0.0035</u></div>
<div><u>Chicago wheat closed moderately higher.</u></div>
<div><u>MAR18 HI 4.17 1/4 JUL18 HI 4.42 3/4</u></div>
<div><u> LOW 4.11 LOW 4.38</u></div>
<div><u> CLOSE 4.16 3/4 Up 6 CLOSE 4.42 1/2 Up 5 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>MAR18 HI 6.14 SEP18 HI 6.23 1/4</u></div>
<div><u> LOW 6.05 3/4 LOW 6.17 1/2</u></div>
<div><u> CLOSE 6.12 1/2 Up 7 CLOSE 6.21 3/4 Up 4 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 0.61 0.86 0.73 0.39</u></div>
<div><u>CAD $/bu 4.77 5.03 4.90 6.52</u></div>
<div><u>CAD $/tonne 175.37 184.80 180.09 239.41</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 0.69 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 0.10 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.60 0.60 0.30 N/A 0.93 0.83 0.20</u></div>
<div><u>W O Feed 1.44</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 1.11 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 3.92US 5.03CA 4.28US 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 0.79 0.34</u></div>
<div><u>CAD $/bu 5.28 5.28 5.22 6.55</u></div>
<div><u>CAD $/tonne 194.09 194.09 191.74 240.79</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 472.68</u></div>
<div><u>DDG's FOB Srn & Aylm 170.00 - 175.00</u></div>
<div><br>
</div>
<span id="ms-rterangepaste-start"></span>
<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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