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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, December 26</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2673 down 0.0032</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.53 1/4 DEC18 HI 3.86</u></div>
<div><u> LOW 3.51 LOW 3.83 3/4</u></div>
<div><u> CLOSE3.52 3/4 Up 3/4 CLOSE 3.85 3/4 Up 1 1/4</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 4.13 162.49 0.65 4.51 177.45</u></div>
<div><u>CK High 0.65 4.18 164.46 0.70 4.56 179.42</u></div>
<div><u>CK Avg 0.61 -0.26 4.14 162.82 0.66 -0.29 4.52 177.78</u></div>
<div><u>Essex Cty 0.60 4.13 162.49 0.65 4.51 177.45</u></div>
<div><u>Mdsx Low 0.60 4.13 162.49 0.65 4.51 177.45</u></div>
<div><u>Mdsx High 0.65 4.18 164.46 0.65 4.51 177.45</u></div>
<div><u>Mdsx Avg 0.63 -0.25 4.15 163.48 0.65 -0.30 4.51 177.45</u></div>
<div><u>Hensall 0.65 4.18 164.46 0.65 4.51 177.45</u></div>
<div><u>Bruce 0.65 4.18 164.46 0.65 4.51 177.45</u></div>
<div><u>Putnam 0.55 4.08 160.52 0.65 4.51 177.45</u></div>
<div><u>Burford 0.65 4.18 164.46 0.70 4.56 179.42</u></div>
<div><u>Port Perry 0.60 4.13 162.49 0.70 4.56 179.42</u></div>
<div><u>Norfolk 0.60 4.13 162.49 0.65 4.51 177.45</u></div>
<div><u>Palmerston 0.65 4.18 164.46 0.65 4.51 177.45</u></div>
<div><u>Varna 0.65 4.18 164.46 0.65 4.51 177.45</u></div>
<div><u>Trenton 0.65 4.18 164.46 0.80 4.66 183.36</u></div>
<div><u>Winchester 1.05 4.58 180.21 0.90 4.76 187.29</u></div>
<div><u>North Gower 0.99 4.52 177.85 0.84 4.70 184.93</u></div>
<div><u>Huron FOB 0.80 4.33 170.37 0.75 4.61 181.39</u></div>
<div><u>Kent FOB 0.75 4.28 168.40 0.75 4.61 181.39</u></div>
<div><u>Lamb FOB 0.80 4.33 170.37 0.65 4.51 177.45</u></div>
<div><u>Mdsx FOB 0.60 0.65N/A N/A 4.13 162.49 0.65 4.51 177.45</u></div>
<div><u>FOB SW Que 1.58 5.11 201.07N/A</u></div>
<div><u>Track 1.08 4.60 181.19N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 0.92 0.93 0.93 0.85 4.71 185.33</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 4.71 185.33</u></div>
<div><u>Sarn-Eth 0.90 0.95 0.95 0.95 4.43 174.30N/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 4.76 187.29</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 4.91 193.20</u></div>
<div><u>W O Feed 1.22 4.75 187.06</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.27 4.80 188.87</u></div>
<div><u>Toledo El. -0.04 3.49 137.37 -0.25 3.60 141.90</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.62 1/2 4.15 1/4</u></div>
<div><u>HI SD CRN 0.65 4.17 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2673 down 0.0032</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN18 HI 9.63 NOV18 HI 9.84 1/2</u></div>
<div><u> LOW 9.52 1/4 LOW 9.75 1/2</u></div>
<div><u> CLOSE9.59 1/4 Up 9 3/4 CLOSE 9.81 1/4 Up 8 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 1.87 11.46 421.171.87 11.68 429.26</u></div>
<div><u>CK High 2.10 11.69 429.632.00 11.81 434.04</u></div>
<div><u>CK Average 1.95 -0.4911.54 423.931.93 -0.5411.74 431.40</u></div>
<div><u>Essex Cty 2.05 11.64 427.791.95 11.76 432.20</u></div>
<div><u>Mdsx Low 1.87 11.46 421.171.87 11.68 429.26</u></div>
<div><u>Mdsx High 1.95 11.54 424.112.00 11.81 434.04</u></div>
<div><u>Mdsx Average 1.91 -0.5211.50 422.641.94 -0.5311.75 431.65</u></div>
<div><u>Hensall 1.95 11.54 424.112.00 11.81 434.04</u></div>
<div><u>Bruce 1.95 11.54 424.111.95 11.76 432.20</u></div>
<div><u>Putnam 2.00 11.59 425.952.05 11.86 435.87</u></div>
<div><u>Burford 1.94 11.53 423.751.94 11.75 431.83</u></div>
<div><u>Port Perry 1.84 11.43 420.071.84 11.65 428.16</u></div>
<div><u>Norfolk 1.95 11.54 424.111.95 11.76 432.20</u></div>
<div><u>Palmerston 2.05 11.64 427.792.00 11.81 434.04</u></div>
<div><u>Varna 1.95 11.54 424.112.00 11.81 434.04</u></div>
<div><u>Trenton 1.90 11.49 422.281.95 11.76 432.20</u></div>
<div><u>Winchester 1.90 11.49 422.281.90 11.71 430.36</u></div>
<div><u>North Gower 1.98 11.57 425.221.92 11.73 431.10</u></div>
<div><u>Huron FOB 2.05 11.64 427.792.10 11.91 437.71</u></div>
<div><u>Kent FOB 2.00 11.59 425.951.90 11.71 430.36</u></div>
<div><u>Lambton FOB 2.00 11.59 425.952.05 11.86 435.87</u></div>
<div><u>Middlesex FOB1.98 2.05 2.00 2.07 11.57 425.222.02 11.83 434.77</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.27 11.86 435.87 N/A</u></div>
<div><u>Prescott 2.16 11.75 431.832.34 12.15 446.53</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 9.34 343.15-0.38 9.43 346.59</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2673 down 0.0032</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 4.26 3/4 JUL18 HI 4.51 3/4</u></div>
<div><u> LOW 4.20 3/4 LOW 4.46</u></div>
<div><u> CLOSE 4.22 1/4 Down 2 1/2 CLOSE 4.48 1/2 Down 1 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 6.15 SEP18 HI 6.22 1/2</u></div>
<div><u> LOW 6.11 LOW 6.20 1/2</u></div>
<div><u> CLOSE 6.11 Down 3/4 CLOSE 6.20 1/2 Down 1 1/2</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 0.81 0.94 0.81 0.30</u></div>
<div><u>CAD $/bu 5.03 5.16 5.03 6.41</u></div>
<div><u>CAD $/tonne 184.98 189.63 184.98 235.61</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 0.23 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 1.26 N/A N/A N/A 1.19 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.04US 5.12CA 4.34US 5.49CA</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 0.81 0.81 0.75 0.26</u></div>
<div><u>CAD $/bu 5.30 5.30 5.23 6.46</u></div>
<div><u>CAD $/tonne 194.65 194.65 192.32 237.44</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 461.21</u></div>
<div><u>DDG's FOB Srn & Aylm 185.00 - 190.00</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);"><o:p style=""> </o:p></span></p>
<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>
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