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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, December 19</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2861 down 0.0002</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.48 3/4 DEC18 HI 3.81 1/2</u></div>
<div><u> LOW 3.46 1/2 LOW 3.79 1/2</u></div>
<div><u> CLOSE3.47 1/2 Up 1/2 CLOSE 3.80 3/4 Up 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 0.60 4.08 160.43 0.65 4.46 175.48</u></div>
<div><u>CK High 0.65 4.13 162.39 0.70 4.51 177.45</u></div>
<div><u>CK Avg 0.61 -0.30 4.08 160.75 0.66 -0.33 4.47 175.81</u></div>
<div><u>Essex Cty 0.60 4.08 160.43 0.65 4.46 175.48</u></div>
<div><u>Mdsx Low 0.60 4.08 160.43 0.65 4.46 175.48</u></div>
<div><u>Mdsx High 0.65 4.13 162.39 0.65 4.46 175.48</u></div>
<div><u>Mdsx Avg 0.63 -0.29 4.10 161.41 0.65 -0.34 4.46 175.48</u></div>
<div><u>Hensall 0.65 4.13 162.39 0.65 4.46 175.48</u></div>
<div><u>Bruce 0.65 4.13 162.39 0.65 4.46 175.48</u></div>
<div><u>Putnam 0.55 4.03 158.46 0.65 4.46 175.48</u></div>
<div><u>Burford 0.65 4.13 162.39 0.70 4.51 177.45</u></div>
<div><u>Port Perry 0.60 4.08 160.43 0.70 4.51 177.45</u></div>
<div><u>Norfolk 0.60 4.08 160.43 0.65 4.46 175.48</u></div>
<div><u>Palmerston 0.65 4.13 162.39 0.65 4.46 175.48</u></div>
<div><u>Varna 0.65 4.13 162.39 0.65 4.46 175.48</u></div>
<div><u>Trenton 0.65 4.13 162.39 0.80 4.61 181.39</u></div>
<div><u>Winchester 1.05 4.53 178.14 0.90 4.71 185.33</u></div>
<div><u>North Gower 0.99 4.47 175.78 0.84 4.65 182.96</u></div>
<div><u>Huron FOB 0.80 4.28 168.30 0.75 4.56 179.42</u></div>
<div><u>Kent FOB 0.75 4.23 166.33 0.75 4.56 179.42</u></div>
<div><u>Lamb FOB 0.80 4.28 168.30 0.65 4.46 175.48</u></div>
<div><u>Mdsx FOB 0.60 0.65N/A N/A 4.08 160.43 0.65 4.46 175.48</u></div>
<div><u>FOB SW Que 1.47 4.95 194.68 1.19 5.00 196.74</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 4.66 183.36</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 4.66 183.36</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 4.71 185.33</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 4.86 191.23</u></div>
<div><u>W O Feed 1.23 4.71 185.31</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 3.55 139.77</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.62 1/2 4.101</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 1.2861 down 0.0002</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JAN18 HI 9.64 NOV18 HI 9.85 3/4</u></div>
<div><u> LOW 9.55 LOW 9.76</u></div>
<div><u> CLOSE9.56 Down 5 1/2 CLOSE 9.76 3/4 Down 5 3/4</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 1.97 11.53 423.652.00 11.77 432.38</u></div>
<div><u>CK High 2.10 11.66 428.432.10 11.87 436.06</u></div>
<div><u>CK Average 2.03 -0.5511.59 425.802.03 -0.5911.80 433.61</u></div>
<div><u>Essex Cty 2.05 11.61 426.591.95 11.72 430.54</u></div>
<div><u>Mdsx Low 1.97 11.53 423.652.00 11.77 432.38</u></div>
<div><u>Mdsx High 2.05 11.61 426.592.10 11.87 436.06</u></div>
<div><u>Mdsx Average 2.01 -0.5611.57 425.122.05 -0.5711.82 434.22</u></div>
<div><u>Hensall 2.05 11.61 426.592.10 11.87 436.06</u></div>
<div><u>Bruce 2.05 11.61 426.592.05 11.82 434.22</u></div>
<div><u>Putnam 2.00 11.56 424.762.05 11.82 434.22</u></div>
<div><u>Burford 2.04 11.60 426.232.07 11.84 434.95</u></div>
<div><u>Port Perry 1.94 11.50 422.551.97 11.74 431.28</u></div>
<div><u>Norfolk 2.05 11.61 426.592.10 11.87 436.06</u></div>
<div><u>Palmerston 2.05 11.61 426.592.00 11.77 432.38</u></div>
<div><u>Varna 2.05 11.61 426.592.10 11.87 436.06</u></div>
<div><u>Trenton 1.90 11.46 421.081.90 11.67 428.71</u></div>
<div><u>Winchester 1.97 11.53 423.651.98 11.75 431.65</u></div>
<div><u>North Gower 1.98 11.54 424.021.92 11.69 429.44</u></div>
<div><u>Huron FOB 2.15 11.71 430.272.10 11.87 436.06</u></div>
<div><u>Kent FOB 2.10 11.66 428.432.05 11.82 434.22</u></div>
<div><u>Lambton FOB 2.15 11.71 430.272.20 11.97 439.73</u></div>
<div><u>Middlesex FOB2.07 2.14 2.16 2.22 11.63 427.332.17 11.94 438.63</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.42 11.98 440.19 N/A</u></div>
<div><u>Prescott 2.16 11.72 430.642.34 12.11 444.87</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 9.30 341.82-0.39 9.38 344.72</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2861 down 0.0002</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 4.24 JUL18 HI 4.50 1/2</u></div>
<div><u> LOW 4.19 LOW 4.46</u></div>
<div><u> CLOSE 4.19 1/2 Down 1 CLOSE 4.46 1/2 Down 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>MAR18 HI 6.24 1/4 SEP18 HI 6.30</u></div>
<div><u> LOW 6.17 LOW 6.25 1/4</u></div>
<div><u> CLOSE 6.18 1/4 Down 1 CLOSE 6.27 1/4 Up 1</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 0.88 1.01 0.88 0.42</u></div>
<div><u>CAD $/bu 5.07 5.20 5.07 6.60</u></div>
<div><u>CAD $/tonne 186.42 191.15 186.42 242.54</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 0.88 1.20 0.88 N/A 0.95 0.89 0.76 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 0.67 N/A N/A N/A 0.71 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 0.18 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 1.45</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 1.15 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 3.95US 5.07CA 4.32US 5.55CA</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 0.89 0.89 0.82 0.38</u></div>
<div><u>CAD $/bu 5.35 5.35 5.29 6.65</u></div>
<div><u>CAD $/tonne 196.73 196.73 194.37 244.32</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 457.69</u></div>
<div><u>DDG's FOB Srn & Aylm 180.00 - 185.00</u></div>
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</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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