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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 21</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2705 down 0.0109</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.51 3/4 DEC18 HI 3.85</u></div>
<div><u> LOW 3.48 1/2 LOW 3.81 1/2</u></div>
<div><u> CLOSE3.51 1/4 Up 2 CLOSE 3.83 3/4 Up 1 1/4</u></div>
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</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 4.11 161.90 0.65 4.49 176.67</u></div>
<div><u>CK High 0.65 4.16 163.87 0.70 4.54 178.63</u></div>
<div><u>CK Avg 0.61 -0.27 4.12 162.23 0.66 -0.30 4.50 176.99</u></div>
<div><u>Essex Cty 0.60 4.11 161.90 0.65 4.49 176.67</u></div>
<div><u>Mdsx Low 0.60 4.11 161.90 0.65 4.49 176.67</u></div>
<div><u>Mdsx High 0.65 4.16 163.87 0.65 4.49 176.67</u></div>
<div><u>Mdsx Avg 0.63 -0.26 4.14 162.89 0.65 -0.30 4.49 176.67</u></div>
<div><u>Hensall 0.65 4.16 163.87 0.65 4.49 176.67</u></div>
<div><u>Bruce 0.65 4.16 163.87 0.65 4.49 176.67</u></div>
<div><u>Putnam 0.55 4.06 159.93 0.65 4.49 176.67</u></div>
<div><u>Burford 0.65 4.16 163.87 0.70 4.54 178.63</u></div>
<div><u>Port Perry 0.60 4.11 161.90 0.70 4.54 178.63</u></div>
<div><u>Norfolk 0.60 4.11 161.90 0.65 4.49 176.67</u></div>
<div><u>Palmerston 0.65 4.16 163.87 0.65 4.49 176.67</u></div>
<div><u>Varna 0.65 4.16 163.87 0.65 4.49 176.67</u></div>
<div><u>Trenton 0.65 4.16 163.87 0.80 4.64 182.57</u></div>
<div><u>Winchester 1.05 4.56 179.62 0.90 4.74 186.51</u></div>
<div><u>North Gower 0.99 4.50 177.26 0.84 4.68 184.15</u></div>
<div><u>Huron FOB 0.80 4.31 169.78 0.75 4.59 180.60</u></div>
<div><u>Kent FOB 0.75 4.26 167.81 0.75 4.59 180.60</u></div>
<div><u>Lamb FOB 0.80 4.31 169.78 0.65 4.49 176.67</u></div>
<div><u>Mdsx FOB 0.60 0.65N/A N/A 4.11 161.90 0.65 4.49 176.67</u></div>
<div><u>FOB SW Que 1.54 5.05 198.91 1.21 5.05 198.71</u></div>
<div><u>Track 1.08 4.59 180.60N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 0.92 0.93 0.93 0.85 4.69 184.54</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A 1.00 1.00 1.00 0.85 4.69 184.54</u></div>
<div><u>Sarn-Eth 0.90 0.95 0.95 0.95 4.41 173.71N/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 4.74 186.51</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 4.89 192.41</u></div>
<div><u>W O Feed 1.23 4.74 186.78</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.31 4.82 189.85</u></div>
<div><u>Toledo El. -0.04 3.47 136.78 -0.25 3.58 141.08</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.62 1/2 4.13 3/4</u></div>
<div><u>HI SD CRN 0.65 4.16 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2705 down 0.0109</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JAN18 HI 9.56 3/4 NOV18 HI 9.78</u></div>
<div><u> LOW 9.47 1/2 LOW 9.70</u></div>
<div><u> CLOSE9.48 3/4 Down 5 1/4 CLOSE 9.71 1/2 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 1.88 11.37 417.681.85 11.57 424.94</u></div>
<div><u>CK High 2.10 11.59 425.772.05 11.77 432.29</u></div>
<div><u>CK Average 1.95 -0.4911.43 420.131.94 -0.5311.65 428.13</u></div>
<div><u>Essex Cty 2.05 11.54 423.931.95 11.67 428.62</u></div>
<div><u>Mdsx Low 1.88 11.37 417.681.87 11.59 425.68</u></div>
<div><u>Mdsx High 1.90 11.39 418.421.95 11.67 428.62</u></div>
<div><u>Mdsx Average 1.89 -0.5311.38 418.051.91 -0.5611.63 427.15</u></div>
<div><u>Hensall 1.93 11.41 419.341.98 11.69 429.53</u></div>
<div><u>Bruce 1.95 11.44 420.261.95 11.67 428.62</u></div>
<div><u>Putnam 2.00 11.49 422.092.05 11.77 432.29</u></div>
<div><u>Burford 1.95 11.44 420.261.94 11.66 428.25</u></div>
<div><u>Port Perry 1.85 11.34 416.581.84 11.56 424.57</u></div>
<div><u>Norfolk 1.95 11.44 420.261.95 11.67 428.62</u></div>
<div><u>Palmerston 2.05 11.54 423.932.00 11.72 430.45</u></div>
<div><u>Varna 2.05 11.54 423.932.10 11.82 434.13</u></div>
<div><u>Trenton 1.90 11.39 418.421.95 11.67 428.62</u></div>
<div><u>Winchester 2.04 11.53 423.562.02 11.74 431.19</u></div>
<div><u>North Gower 1.98 11.47 421.361.92 11.64 427.51</u></div>
<div><u>Huron FOB 2.05 11.54 423.932.10 11.82 434.13</u></div>
<div><u>Kent FOB 2.00 11.49 422.091.90 11.62 426.78</u></div>
<div><u>Lambton FOB 2.00 11.49 422.092.05 11.77 432.29</u></div>
<div><u>Middlesex FOB1.99 2.05 2.00 2.07 11.48 421.732.02 11.74 431.19</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.28 11.77 432.38 N/A</u></div>
<div><u>Prescott 2.16 11.65 427.972.34 12.06 442.95</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 9.23 339.27-0.38 9.33 342.97</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2705 down 0.0109</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR18 HI 4.27 1/2 JUL18 HI 4.53</u></div>
<div><u> LOW 4.22 1/2 LOW 4.48 1/2</u></div>
<div><u> CLOSE 4.27 Up 3 1/2 CLOSE 4.51 3/4 Up 1 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 6.21 SEP18 HI 6.30</u></div>
<div><u> LOW 6.16 1/2 LOW 6.25 3/4</u></div>
<div><u> CLOSE 6.17 Down 3/4 CLOSE 6.26 1/2 Down 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 0.84 0.96 0.84 0.33</u></div>
<div><u>CAD $/bu 5.11 5.23 5.11 6.50</u></div>
<div><u>CAD $/tonne 187.66 192.33 187.66 239.01</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 1.16 0.84 N/A 0.91 0.84 0.71 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 0.70 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 0.22 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.60 0.60 0.30 N/A 0.92 0.82 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 1.28 N/A N/A N/A 1.22 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.07US 5.17CA 4.37US 5.54CA</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 0.84 0.84 0.77 0.29</u></div>
<div><u>CAD $/bu 5.35 5.35 5.29 6.56</u></div>
<div><u>CAD $/tonne 196.68 196.68 194.35 240.87</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 456.59</u></div>
<div><u>DDG's FOB Srn & Aylm 185.00 - 190.00</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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