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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, January 2</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2496 down 0.0024</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.54 DEC18 HI 3.86 3/4</u></div>
<div><u> LOW 3.50 1/2 LOW 3.84</u></div>
<div><u> CLOSE3.53 1/4 Up 2 1/2 CLOSE 3.86 1/2 Up 2 1/2</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+MAY18+MAY18</u></div>
<div><u>CK Low 0.55 4.08 160.72 0.60 4.47 175.78</u></div>
<div><u>CK High 0.65 4.18 164.66 0.70 4.57 179.72</u></div>
<div><u>CK Avg 0.58 -0.25 4.11 161.71 0.63 -0.27 4.49 176.76</u></div>
<div><u>Essex Cty 0.60 4.13 162.69 0.65 4.52 177.75</u></div>
<div><u>Mdsx Low 0.55 4.08 160.72 0.60 4.47 175.78</u></div>
<div><u>Mdsx High 0.60 4.13 162.69 0.60 4.47 175.78</u></div>
<div><u>Mdsx Avg 0.58 -0.25 4.11 161.71 0.60 -0.29 4.47 175.78</u></div>
<div><u>Hensall 0.60 4.13 162.69 0.60 4.47 175.78</u></div>
<div><u>Bruce 0.60 4.13 162.69 0.60 4.47 175.78</u></div>
<div><u>Putnam 0.60 4.13 162.69 0.60 4.47 175.78</u></div>
<div><u>Burford 0.60 4.13 162.69 0.65 4.52 177.75</u></div>
<div><u>Port Perry 0.55 4.08 160.72 0.65 4.52 177.75</u></div>
<div><u>Norfolk 0.55 4.08 160.72 0.60 4.47 175.78</u></div>
<div><u>Palmerston 0.65 4.18 164.66 0.65 4.52 177.75</u></div>
<div><u>Varna 0.60 4.13 162.69 0.60 4.47 175.78</u></div>
<div><u>Trenton 0.65 4.18 164.66 0.80 4.67 183.65</u></div>
<div><u>Winchester 1.00 4.53 178.44 0.90 4.77 187.59</u></div>
<div><u>North Gower 0.95 4.48 176.47 0.85 4.72 185.62</u></div>
<div><u>Huron FOB 0.85 4.38 172.53 0.75 4.62 181.68</u></div>
<div><u>Kent FOB 0.75 4.28 168.59 0.70 4.57 179.72</u></div>
<div><u>Lamb FOB 0.85 4.38 172.53 0.65 4.52 177.75</u></div>
<div><u>Mdsx FOB 0.60 0.65N/A N/A 4.13 162.69 0.65 4.52 177.75</u></div>
<div><u>FOB SW Que 1.50 5.03 198.12N/A</u></div>
<div><u>Track 1.08 4.61 181.39N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 0.98 1.03 1.00 1.05 4.51 177.65 0.85 4.72 185.62</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth 0.95 0.95 0.95 0.90 4.48 176.47 0.85 4.72 185.62</u></div>
<div><u>Sarn-Eth 0.95 0.95N/A N/A 4.48 176.47N/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 1.05 0.90 4.77 187.59</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 1.35 1.40N/A 1.05 4.92 193.49</u></div>
<div><u>W O Feed 1.21 4.74 186.70</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.19 4.72 185.92</u></div>
<div><u>Toledo El. -0.04 3.50 137.59 -0.25 3.62 142.33</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.60 4.13 1/4</u></div>
<div><u>HI SD CRN 0.65 4.18 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 1.2496 down 0.0024</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 9.70 NOV18 HI 9.83 1/4</u></div>
<div><u> LOW 9.58 3/4 LOW 9.75 1/2</u></div>
<div><u> CLOSE9.64 3/4 Up 3 CLOSE 9.82 1/4 Up 6 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 +MAR1+MAR1+MAY18</u></div>
<div><u>CK Low 1.60 11.25 413.271.65 11.47 421.54</u></div>
<div><u>CK High 1.80 11.45 420.621.80 11.62 427.05</u></div>
<div><u>CK Average 1.68 -0.5911.32 416.031.74 -0.5611.56 424.67</u></div>
<div><u>Essex Cty 1.70 11.35 416.951.75 11.57 425.22</u></div>
<div><u>Mdsx Low 1.65 11.30 415.111.71 11.53 423.75</u></div>
<div><u>Mdsx High 1.65 11.30 415.111.75 11.57 425.22</u></div>
<div><u>Mdsx Average 1.65 -0.6111.30 415.111.73 -0.5711.55 424.48</u></div>
<div><u>Hensall 1.65 11.30 415.111.78 11.60 426.14</u></div>
<div><u>Bruce 1.65 11.30 415.111.80 11.62 427.05</u></div>
<div><u>Putnam 1.70 11.35 416.951.85 11.67 428.89</u></div>
<div><u>Burford 1.72 11.37 417.681.78 11.60 426.32</u></div>
<div><u>Port Perry 1.65 11.30 415.111.71 11.53 423.75</u></div>
<div><u>Norfolk 1.65 11.30 415.111.80 11.62 427.05</u></div>
<div><u>Palmerston 1.75 11.40 418.791.75 11.57 425.22</u></div>
<div><u>Varna 1.65 11.30 415.111.80 11.62 427.05</u></div>
<div><u>Trenton 1.80 11.45 420.621.85 11.67 428.89</u></div>
<div><u>Winchester 1.80 11.45 420.621.80 11.62 427.05</u></div>
<div><u>North Gower 1.75 11.40 418.791.75 11.57 425.22</u></div>
<div><u>Huron FOB 1.75 11.40 418.791.80 11.62 427.05</u></div>
<div><u>Kent FOB 1.70 11.35 416.951.75 11.57 425.22</u></div>
<div><u>Lambton FOB 1.80 11.45 420.621.90 11.72 430.73</u></div>
<div><u>Middlesex FOB1.76 1.82 1.88 1.83 11.41 419.151.82 11.64 427.79</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.10 11.92 438.08</u></div>
<div><u>Prescott 1.98 11.63 427.242.10 11.92 438.08</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.34 9.31 342.09-0.37 9.45 347.15</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2496 down 0.0024</u></div>
<div><u>Chicago wheat closed moderately higher.</u></div>
<div><u>MAR18 HI 4.36 1/4 JUL18 HI 4.61 1/4</u></div>
<div><u> LOW 4.28 1/4 LOW 4.54 3/4</u></div>
<div><u> CLOSE 4.33 1/2 Up 6 1/2 CLOSE 4.59 3/4 Up 6 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR18 HI 6.22 SEP18 HI 6.29 1/2</u></div>
<div><u> LOW 6.17 LOW 6.25 3/4</u></div>
<div><u> CLOSE 6.18 Up 3 1/4 CLOSE 6.27 Up 3 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 0.77 0.89 0.77 0.23</u></div>
<div><u>CAD $/bu 5.10 5.23 5.10 6.41</u></div>
<div><u>CAD $/tonne 187.56 192.16 187.56 235.55</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 0.89 1.08 0.83 N/A 0.95 0.76 0.70 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 0.61 N/A N/A N/A 0.65 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 N/A 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 0.70 N/A</u></div>
<div><u>Brigden N/A N/A 0.80 N/A N/A N/A 0.70 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 0.85 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 0.30 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.75 0.70 0.20 N/A 0.88 0.78 0.10</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 1.21 N/A N/A N/A 1.14 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.24US 5.29CA 4.45US 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 0.77 0.77 0.71 0.18</u></div>
<div><u>CAD $/bu 5.37 5.37 5.30 6.45</u></div>
<div><u>CAD $/tonne 197.14 197.14 194.84 237.16</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 448.54</u></div>
<div><u>DDG's FOB Srn & Aylm 185.00 - 200.00</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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