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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 27</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2625 down 0.0048</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.54 1/4 DEC18 HI 3.87</u></div>
<div><u> LOW 3.51 3/4 LOW 3.84 3/4</u></div>
<div><u> CLOSE3.53 3/4 Up 1 CLOSE 3.86 3/4 Up 1</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 4.14 162.89 0.65 4.52 177.85</u></div>
<div><u>CK High 0.65 4.19 164.85 0.70 4.57 179.81</u></div>
<div><u>CK Avg 0.61 -0.25 4.15 163.21 0.66 -0.28 4.53 178.17</u></div>
<div><u>Essex Cty 0.60 4.14 162.89 0.65 4.52 177.85</u></div>
<div><u>Mdsx Low 0.60 4.14 162.89 0.65 4.52 177.85</u></div>
<div><u>Mdsx High 0.65 4.19 164.85 0.65 4.52 177.85</u></div>
<div><u>Mdsx Avg 0.63 -0.24 4.16 163.87 0.65 -0.29 4.52 177.85</u></div>
<div><u>Hensall 0.65 4.19 164.85 0.65 4.52 177.85</u></div>
<div><u>Bruce 0.65 4.19 164.85 0.65 4.52 177.85</u></div>
<div><u>Putnam 0.55 4.09 160.92 0.65 4.52 177.85</u></div>
<div><u>Burford 0.65 4.19 164.85 0.70 4.57 179.81</u></div>
<div><u>Port Perry 0.60 4.14 162.89 0.70 4.57 179.81</u></div>
<div><u>Norfolk 0.60 4.14 162.89 0.65 4.52 177.85</u></div>
<div><u>Palmerston 0.65 4.19 164.85 0.65 4.52 177.85</u></div>
<div><u>Varna 0.65 4.19 164.85 0.65 4.52 177.85</u></div>
<div><u>Trenton 0.65 4.19 164.85 0.80 4.67 183.75</u></div>
<div><u>Winchester 1.00 4.54 178.63 0.90 4.77 187.69</u></div>
<div><u>North Gower 0.99 4.53 178.24 0.84 4.71 185.33</u></div>
<div><u>Huron FOB 0.80 4.34 170.76 0.75 4.62 181.78</u></div>
<div><u>Kent FOB 0.75 4.29 168.79 0.75 4.62 181.78</u></div>
<div><u>Lamb FOB 0.80 4.34 170.76 0.65 4.52 177.85</u></div>
<div><u>Mdsx FOB 0.60 0.65N/A N/A 4.14 162.89 0.65 4.52 177.85</u></div>
<div><u>FOB SW Que 1.58 5.12 201.47N/A</u></div>
<div><u>Track 1.08 4.61 181.59N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 0.92 0.93 0.93 0.85 4.72 185.72</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 4.72 185.72</u></div>
<div><u>Sarn-Eth 0.90 0.95 0.95 0.95 4.44 174.70N/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 4.77 187.69</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 4.92 193.59</u></div>
<div><u>W O Feed 1.22 4.76 187.29</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.24 4.78 188.08</u></div>
<div><u>Toledo El. -0.04 3.50 137.77 -0.25 3.62 142.33</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.62 1/2 4.16 1/4</u></div>
<div><u>HI SD CRN 0.65 4.18 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 1.2625 down 0.0048</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JAN18 HI 9.64 3/4 NOV18 HI 9.87 1/4</u></div>
<div><u> LOW 9.53 1/2 LOW 9.77</u></div>
<div><u> CLOSE9.55 1/2 Down 3 3/4 CLOSE 9.80 Down 1 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 1.79 11.35 416.861.78 11.58 425.49</u></div>
<div><u>CK High 2.10 11.66 428.252.00 11.80 433.58</u></div>
<div><u>CK Average 1.89 -0.4911.45 420.651.87 -0.5511.67 428.86</u></div>
<div><u>Essex Cty 2.05 11.61 426.411.95 11.75 431.74</u></div>
<div><u>Mdsx Low 1.79 11.35 416.861.78 11.58 425.49</u></div>
<div><u>Mdsx High 1.90 11.46 420.901.95 11.75 431.74</u></div>
<div><u>Mdsx Average 1.85 -0.5311.40 418.881.87 -0.5511.67 428.62</u></div>
<div><u>Hensall 1.88 11.43 419.981.93 11.73 430.82</u></div>
<div><u>Bruce 1.95 11.51 422.741.95 11.75 431.74</u></div>
<div><u>Putnam 2.00 11.56 424.572.05 11.85 435.41</u></div>
<div><u>Burford 1.86 11.42 419.431.85 11.65 428.06</u></div>
<div><u>Port Perry 1.76 11.32 415.761.75 11.55 424.39</u></div>
<div><u>Norfolk 1.87 11.43 419.801.85 11.65 428.06</u></div>
<div><u>Palmerston 2.05 11.61 426.412.00 11.80 433.58</u></div>
<div><u>Varna 1.95 11.51 422.742.00 11.80 433.58</u></div>
<div><u>Trenton 1.85 11.41 419.061.95 11.75 431.74</u></div>
<div><u>Winchester 1.92 11.48 421.631.82 11.62 426.96</u></div>
<div><u>North Gower 2.02 11.58 425.311.92 11.72 430.64</u></div>
<div><u>Huron FOB 1.95 11.51 422.742.00 11.80 433.58</u></div>
<div><u>Kent FOB 1.92 11.48 421.631.80 11.60 426.23</u></div>
<div><u>Lambton FOB 1.95 11.51 422.742.00 11.80 433.58</u></div>
<div><u>Middlesex FOB1.96 1.96 1.91 1.97 11.52 423.101.92 11.72 430.64</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.27 11.83 434.49 N/A</u></div>
<div><u>Prescott 2.16 11.72 430.452.34 12.14 446.07</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 9.30 341.81-0.38 9.42 346.19</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2625 down 0.0048</u></div>
<div><u>Chicago wheat closed moderately higher.</u></div>
<div><u>MAR18 HI 4.28 1/4 JUL18 HI 4.54 1/2</u></div>
<div><u> LOW 4.20 3/4 LOW 4.46 3/4</u></div>
<div><u> CLOSE 4.28 Up 5 3/4 CLOSE 4.54 1/2 Up 6</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher to higher.</u></div>
<div><u>MAR18 HI 6.22 1/2 SEP18 HI 6.29 1/2</u></div>
<div><u> LOW 6.11 1/2 LOW 6.24</u></div>
<div><u> CLOSE 6.21 1/4 Up 10 1/4 CLOSE 6.28 3/4 Up 8 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 0.81 0.93 0.81 0.31</u></div>
<div><u>CAD $/bu 5.09 5.21 5.09 6.52</u></div>
<div><u>CAD $/tonne 186.95 191.59 186.95 239.49</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 0.78 1.10 0.78 N/A 0.84 0.80 0.65 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 0.11 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 1.25 N/A N/A N/A 1.19 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.18US 5.28CA 4.40US 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 0.81 0.81 0.75 0.25</u></div>
<div><u>CAD $/bu 5.35 5.35 5.29 6.54</u></div>
<div><u>CAD $/tonne 196.72 196.72 194.40 240.39</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 460.22</u></div>
<div><u>DDG's FOB Srn & Aylm 185.00 - 195.00</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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