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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, December 18</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2863 down 0.0021</u></div>
<div><u>Chicago corn closed slightly lower to steady.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.48 3/4 DEC18 HI 3.81</u></div>
<div><u> LOW 3.46 1/2 LOW 3.79 1/4</u></div>
<div><u> CLOSE3.47 Down 1/2 CLOSE 3.80 Unchanged</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 0.60 4.07 160.23 0.65 4.45 175.19</u></div>
<div><u>CK High 0.65 4.12 162.20 0.70 4.50 177.16</u></div>
<div><u>CK Avg 0.61 -0.30 4.08 160.56 0.66 -0.32 4.46 175.52</u></div>
<div><u>Essex Cty 0.60 4.07 160.23 0.65 4.45 175.19</u></div>
<div><u>Mdsx Low 0.60 4.07 160.23 0.65 4.45 175.19</u></div>
<div><u>Mdsx High 0.65 4.12 162.20 0.65 4.45 175.19</u></div>
<div><u>Mdsx Avg 0.63 -0.29 4.10 161.21 0.65 -0.33 4.45 175.19</u></div>
<div><u>Hensall 0.65 4.12 162.20 0.65 4.45 175.19</u></div>
<div><u>Bruce 0.65 4.12 162.20 0.65 4.45 175.19</u></div>
<div><u>Putnam 0.55 4.02 158.26 0.65 4.45 175.19</u></div>
<div><u>Burford 0.65 4.12 162.20 0.70 4.50 177.16</u></div>
<div><u>Port Perry 0.60 4.07 160.23 0.70 4.50 177.16</u></div>
<div><u>Norfolk 0.60 4.07 160.23 0.65 4.45 175.19</u></div>
<div><u>Palmerston 0.65 4.12 162.20 0.65 4.45 175.19</u></div>
<div><u>Varna 0.65 4.12 162.20 0.65 4.45 175.19</u></div>
<div><u>Trenton 0.65 4.12 162.20 0.80 4.60 181.09</u></div>
<div><u>Winchester 1.05 4.52 177.94 0.90 4.70 185.03</u></div>
<div><u>North Gower 0.99 4.46 175.58 0.84 4.64 182.67</u></div>
<div><u>Huron FOB 0.80 4.27 168.10 0.75 4.55 179.13</u></div>
<div><u>Kent FOB 0.75 4.22 166.13 0.75 4.55 179.13</u></div>
<div><u>Lamb FOB 0.80 4.27 168.10 0.65 4.45 175.19</u></div>
<div><u>Mdsx FOB 0.60 0.65N/A N/A 4.07 160.23 0.65 4.45 175.19</u></div>
<div><u>FOB SW Que 1.42 4.89 192.51 1.19 4.99 196.45</u></div>
<div><u>Track 1.08 4.55 178.93N/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 4.37 172.04N/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 4.70 184.87</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.30 4.77 187.79</u></div>
<div><u>Toledo El. -0.10 3.37 132.56 -0.26 3.54 139.51</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.62 1/2 4.09 1/2</u></div>
<div><u>HI SD CRN 0.65 4.12</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2863 down 0.0021</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JAN18 HI 9.70 1/2 NOV18 HI 9.91</u></div>
<div><u> LOW 9.57 1/4 LOW 9.78 1/2</u></div>
<div><u> CLOSE9.61 1/2 Down 5 3/4 CLOSE 9.82 1/2 Down 5 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 1.98 11.60 426.042.00 11.83 434.49</u></div>
<div><u>CK High 2.10 11.72 430.452.10 11.93 438.17</u></div>
<div><u>CK Average 2.03 -0.5611.65 427.882.03 -0.5711.86 435.72</u></div>
<div><u>Essex Cty 2.05 11.67 428.621.95 11.78 432.66</u></div>
<div><u>Mdsx Low 1.98 11.60 426.042.00 11.83 434.49</u></div>
<div><u>Mdsx High 2.05 11.67 428.622.10 11.93 438.17</u></div>
<div><u>Mdsx Average 2.02 -0.5711.63 427.332.05 -0.5611.88 436.33</u></div>
<div><u>Hensall 2.05 11.67 428.622.10 11.93 438.17</u></div>
<div><u>Bruce 2.05 11.67 428.622.05 11.88 436.33</u></div>
<div><u>Putnam 2.00 11.62 426.782.05 11.88 436.33</u></div>
<div><u>Burford 2.05 11.67 428.622.07 11.90 437.07</u></div>
<div><u>Port Perry 1.95 11.57 424.941.97 11.80 433.39</u></div>
<div><u>Norfolk 2.05 11.67 428.622.10 11.93 438.17</u></div>
<div><u>Palmerston 2.05 11.67 428.622.00 11.83 434.49</u></div>
<div><u>Varna 2.05 11.67 428.622.10 11.93 438.17</u></div>
<div><u>Trenton 1.90 11.52 423.101.90 11.73 430.82</u></div>
<div><u>Winchester 1.97 11.59 425.681.98 11.81 433.76</u></div>
<div><u>North Gower 1.91 11.53 423.471.92 11.75 431.55</u></div>
<div><u>Huron FOB 2.15 11.77 432.292.10 11.93 438.17</u></div>
<div><u>Kent FOB 2.10 11.72 430.452.05 11.88 436.33</u></div>
<div><u>Lambton FOB 2.05 11.67 428.622.20 12.03 441.84</u></div>
<div><u>Middlesex FOB2.08 2.15 2.16 2.23 11.70 429.722.17 12.00 440.74</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.42 12.04 442.21 N/A</u></div>
<div><u>Prescott 2.16 11.78 432.662.34 12.17 446.99</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 9.36 343.84-0.38 9.44 346.89</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2863 down 0.0021</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR18 HI 4.23 1/2 JUL18 HI 4.48 1/2</u></div>
<div><u> LOW 4.19 1/2 LOW 4.45 1/2</u></div>
<div><u> CLOSE 4.20 1/2 Up 2 1/4 CLOSE 4.46 3/4 Up 2 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower to steady.</u></div>
<div><u>MAR18 HI 6.25 1/4 SEP18 HI 6.29</u></div>
<div><u> LOW 6.18 LOW 6.25 1/4</u></div>
<div><u> CLOSE 6.19 1/4 Down 3/4 CLOSE 6.26 1/4 Unchanged</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 0.42</u></div>
<div><u>CAD $/bu 4.83 5.09 4.96 6.61</u></div>
<div><u>CAD $/tonne 177.47 186.92 182.19 243.04</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 0.87 1.20 0.87 N/A 0.94 0.88 0.75 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 0.80 0.25 N/A 0.75 0.80 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 0.13 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 1.45</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 1.13 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 3.96US 5.09CA 4.32US 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 0.87 0.87 0.81 0.35</u></div>
<div><u>CAD $/bu 5.34 5.34 5.27 6.61</u></div>
<div><u>CAD $/tonne 196.17 196.17 193.82 243.00</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 463.53</u></div>
<div><u>DDG's FOB Srn & Aylm 180.00 - 185.00</u></div>
<div><br>
</div>
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