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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, December 15</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2884 up 0.0146</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.50 3/4 DEC18 HI 3.82 3/4</u></div>
<div><u> LOW 3.46 1/2 LOW 3.79 1/4</u></div>
<div><u> CLOSE3.47 1/2 Down 1 CLOSE 3.80 Down 3/4</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 4.03 158.46 0.65 4.45 175.19</u></div>
<div><u>CK High 0.65 4.13 162.39 0.70 4.50 177.16</u></div>
<div><u>CK Avg 0.60 -0.31 4.08 160.43 0.66 -0.33 4.46 175.52</u></div>
<div><u>Essex Cty 0.55 4.03 158.46 0.65 4.45 175.19</u></div>
<div><u>Mdsx Low 0.60 4.08 160.43 0.65 4.45 175.19</u></div>
<div><u>Mdsx High 0.65 4.13 162.39 0.65 4.45 175.19</u></div>
<div><u>Mdsx Avg 0.63 -0.29 4.10 161.41 0.65 -0.33 4.45 175.19</u></div>
<div><u>Hensall 0.65 4.13 162.39 0.65 4.45 175.19</u></div>
<div><u>Bruce 0.65 4.13 162.39 0.65 4.45 175.19</u></div>
<div><u>Putnam 0.55 4.03 158.46 0.65 4.45 175.19</u></div>
<div><u>Burford 0.65 4.13 162.39 0.70 4.50 177.16</u></div>
<div><u>Port Perry 0.60 4.08 160.43 0.70 4.50 177.16</u></div>
<div><u>Norfolk 0.60 4.08 160.43 0.65 4.45 175.19</u></div>
<div><u>Palmerston 0.60 4.08 160.43 0.65 4.45 175.19</u></div>
<div><u>Varna 0.60 4.08 160.43 0.65 4.45 175.19</u></div>
<div><u>Trenton 0.65 4.13 162.39 0.80 4.60 181.09</u></div>
<div><u>Winchester 1.01 4.49 176.57 0.90 4.70 185.03</u></div>
<div><u>North Gower 0.99 4.47 175.78 0.84 4.64 182.67</u></div>
<div><u>Huron FOB 0.75 4.23 166.33 0.75 4.55 179.13</u></div>
<div><u>Kent FOB 0.75 4.23 166.33 0.75 4.55 179.13</u></div>
<div><u>Lamb FOB 0.80 4.28 168.30 0.65 4.45 175.19</u></div>
<div><u>Mdsx FOB 0.60 0.65N/A N/A 4.08 160.43 0.65 4.45 175.19</u></div>
<div><u>FOB SW Que 1.38 4.86 191.13N/A</u></div>
<div><u>Track 1.08 4.55 179.13N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 0.88 0.93 0.93 0.85 4.65 183.06</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A 0.95 0.95 0.95 0.85 4.65 183.06</u></div>
<div><u>Sarn-Eth 0.90 0.95 0.95 0.95 4.38 172.24N/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 4.70 185.03</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 4.85 190.94</u></div>
<div><u>W O Feed 1.23 4.70 185.07</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.30 4.78 187.98</u></div>
<div><u>Toledo El. -0.10 3.37 132.75 -0.26 3.54 139.49</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.60 4.07 1/2</u></div>
<div><u>HI SD CRN 0.65 4.12 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2884 up 0.0146</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JAN18 HI 9.72 1/4 NOV18 HI 9.92 1/2</u></div>
<div><u> LOW 9.64 LOW 9.84 1/4</u></div>
<div><u> CLOSE9.67 1/4 Down 1/2 CLOSE 9.87 3/4 Up 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 1.84 11.51 423.011.86 11.74 431.28</u></div>
<div><u>CK High 2.00 11.67 428.892.05 11.93 438.26</u></div>
<div><u>CK Average 1.95 -0.6511.62 426.991.97 -0.6511.85 435.26</u></div>
<div><u>Essex Cty 1.95 11.62 427.051.95 11.83 434.59</u></div>
<div><u>Mdsx Low 1.84 11.51 423.011.86 11.74 431.28</u></div>
<div><u>Mdsx High 1.95 11.62 427.052.00 11.88 436.42</u></div>
<div><u>Mdsx Average 1.90 -0.6911.57 425.031.93 -0.6811.81 433.85</u></div>
<div><u>Hensall 1.98 11.65 427.972.03 11.90 437.34</u></div>
<div><u>Bruce 2.00 11.67 428.892.00 11.88 436.42</u></div>
<div><u>Putnam 2.00 11.67 428.892.05 11.93 438.26</u></div>
<div><u>Burford 1.91 11.58 425.581.93 11.81 433.85</u></div>
<div><u>Port Perry 1.81 11.48 421.911.83 11.71 430.18</u></div>
<div><u>Norfolk 2.00 11.67 428.892.05 11.93 438.26</u></div>
<div><u>Palmerston 2.05 11.72 430.732.00 11.88 436.42</u></div>
<div><u>Varna 2.00 11.67 428.892.05 11.93 438.26</u></div>
<div><u>Trenton 1.90 11.57 425.221.90 11.78 432.75</u></div>
<div><u>Winchester 1.91 11.58 425.581.90 11.78 432.75</u></div>
<div><u>North Gower 1.91 11.58 425.581.92 11.80 433.48</u></div>
<div><u>Huron FOB 2.10 11.77 432.572.05 11.93 438.26</u></div>
<div><u>Kent FOB 2.05 11.72 430.732.00 11.88 436.42</u></div>
<div><u>Lambton FOB 2.00 11.67 428.892.15 12.03 441.93</u></div>
<div><u>Middlesex FOB2.01 2.07 2.09 2.15 11.68 429.262.10 11.98 440.10</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.35 12.02 441.75 N/A</u></div>
<div><u>Prescott 2.08 11.75 431.832.19 12.07 443.40</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 9.41 345.94-0.39 9.49 348.79</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2884 up 0.0146</u></div>
<div><u>Chicago wheat closed steady to slightly higher.</u></div>
<div><u>MAR18 HI 4.21 1/2 JUL18 HI 4.46 1/4</u></div>
<div><u> LOW 4.15 LOW 4.40 1/4</u></div>
<div><u> CLOSE 4.18 1/4 Unchanged CLOSE 4.44 Up 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR18 HI 6.21 3/4 SEP18 HI 6.27 3/4</u></div>
<div><u> LOW 6.17 LOW 6.22 1/2</u></div>
<div><u> CLOSE 6.20 Up 3 CLOSE 6.26 1/4 Up 3 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 0.63 0.88 0.76 0.44</u></div>
<div><u>CAD $/bu 4.81 5.07 4.94 6.64</u></div>
<div><u>CAD $/tonne 176.70 186.17 181.43 243.81</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 1.10 0.84 N/A 0.91 0.84 0.72 N/A</u></div>
<div><u>Hensall 0.90 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 0.90 0.80 0.80 0.10 1.00 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 0.90 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 0.90 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 0.90 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 0.94 0.84 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 1.34 N/A N/A N/A 1.13 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 3.93US 5.07CA 4.29US 5.51CA</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 0.87 0.87 0.81 0.36</u></div>
<div><u>CAD $/bu 5.31 5.31 5.25 6.63</u></div>
<div><u>CAD $/tonne 195.27 195.27 192.92 243.50</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 465.84</u></div>
<div><u>DDG's FOB Srn & Aylm 180.00 - 185.00</u></div>
<div><u><br>
</u></div>
<u></u>
<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>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530" style=""><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153);">519-674-1530</span></a><span class="apple-converted-space" style=""><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
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<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario<u><o:p></o:p></u></span></span></p>
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