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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 3</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2526 up 0.0030</u></div>
<div><u>Chicago corn closed slightly lower to steady.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.54 3/4 DEC18 HI 3.87 1/2</u></div>
<div><u> LOW 3.52 1/4 LOW 3.85</u></div>
<div><u> CLOSE3.53 Down 1/4 CLOSE 3.86 Down 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 4.08 160.62 0.60 4.46 175.58</u></div>
<div><u>CK High 0.65 4.18 164.56 0.70 4.56 179.52</u></div>
<div><u>CK Avg 0.58 -0.25 4.11 161.93 0.63 -0.28 4.49 176.57</u></div>
<div><u>Essex Cty 0.60 4.13 162.59 0.65 4.51 177.55</u></div>
<div><u>Mdsx Low 0.55 4.08 160.62 0.60 4.46 175.58</u></div>
<div><u>Mdsx High 0.60 4.13 162.59 0.60 4.46 175.58</u></div>
<div><u>Mdsx Avg 0.58 -0.25 4.11 161.61 0.60 -0.30 4.46 175.58</u></div>
<div><u>Hensall 0.60 4.13 162.59 0.60 4.46 175.58</u></div>
<div><u>Bruce 0.60 4.13 162.59 0.60 4.46 175.58</u></div>
<div><u>Putnam 0.60 4.13 162.59 0.60 4.46 175.58</u></div>
<div><u>Burford 0.60 4.13 162.59 0.65 4.51 177.55</u></div>
<div><u>Port Perry 0.55 4.08 160.62 0.65 4.51 177.55</u></div>
<div><u>Norfolk 0.60 4.13 162.59 0.60 4.46 175.58</u></div>
<div><u>Palmerston 0.65 4.18 164.56 0.65 4.51 177.55</u></div>
<div><u>Varna 0.60 4.13 162.59 0.60 4.46 175.58</u></div>
<div><u>Trenton 0.65 4.18 164.56 0.80 4.66 183.46</u></div>
<div><u>Winchester 1.00 4.53 178.34 0.90 4.76 187.39</u></div>
<div><u>North Gower 0.95 4.48 176.37 0.85 4.71 185.42</u></div>
<div><u>Huron FOB 0.85 4.38 172.43 0.75 4.61 181.49</u></div>
<div><u>Kent FOB 0.80 4.33 170.46 0.70 4.56 179.52</u></div>
<div><u>Lamb FOB 0.85 4.38 172.43 0.65 4.51 177.55</u></div>
<div><u>Mdsx FOB 0.60 0.60N/A N/A 4.13 162.59 0.65 4.51 177.55</u></div>
<div><u>FOB SW Que 1.50 5.03 198.02N/A</u></div>
<div><u>Track 1.05 4.58 180.31N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 0.90 0.95 0.92 0.97 4.43 174.40 0.85 4.71 185.42</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 4.48 176.37 0.85 4.71 185.42</u></div>
<div><u>Sarn-Eth 0.95 0.95N/A N/A 4.48 176.37N/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 4.76 187.39</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 4.91 193.30</u></div>
<div><u>W O Feed 1.17 4.70 185.19</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.19 4.72 185.82</u></div>
<div><u>Toledo El. -0.04 3.49 137.49 -0.25 3.61 142.10</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.60 4.13</u></div>
<div><u>HI SD CRN 0.65 4.18</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2526 up 0.0030</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 9.70 NOV18 HI 9.86 3/4</u></div>
<div><u> LOW 9.63 1/2 LOW 9.81</u></div>
<div><u> CLOSE9.68 3/4 Up 4 CLOSE 9.85 1/2 Up 3 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 +MAR1+MAR1+MAY18</u></div>
<div><u>CK Low 1.60 11.29 414.741.65 11.51 422.74</u></div>
<div><u>CK High 1.80 11.49 422.091.80 11.66 428.25</u></div>
<div><u>CK Average 1.67 -0.6211.35 417.191.73 -0.6111.58 425.55</u></div>
<div><u>Essex Cty 1.65 11.34 416.581.65 11.51 422.74</u></div>
<div><u>Mdsx Low 1.65 11.34 416.581.71 11.57 424.94</u></div>
<div><u>Mdsx High 1.65 11.34 416.581.75 11.61 426.41</u></div>
<div><u>Mdsx Average 1.65 -0.6411.34 416.581.73 -0.6011.59 425.68</u></div>
<div><u>Hensall 1.65 11.34 416.581.78 11.63 427.33</u></div>
<div><u>Bruce 1.65 11.34 416.581.75 11.61 426.41</u></div>
<div><u>Putnam 1.65 11.34 416.581.75 11.61 426.41</u></div>
<div><u>Burford 1.72 11.41 419.151.78 11.64 427.51</u></div>
<div><u>Port Perry 1.65 11.34 416.581.71 11.57 424.94</u></div>
<div><u>Norfolk 1.65 11.34 416.581.80 11.66 428.25</u></div>
<div><u>Palmerston 1.70 11.39 418.421.70 11.56 424.57</u></div>
<div><u>Varna 1.65 11.34 416.581.80 11.66 428.25</u></div>
<div><u>Trenton 1.75 11.44 420.261.80 11.66 428.25</u></div>
<div><u>Winchester 1.77 11.46 420.991.75 11.61 426.41</u></div>
<div><u>North Gower 1.75 11.44 420.261.75 11.61 426.41</u></div>
<div><u>Huron FOB 1.75 11.44 420.261.80 11.66 428.25</u></div>
<div><u>Kent FOB 1.70 11.39 418.421.75 11.61 426.41</u></div>
<div><u>Lambton FOB 1.80 11.49 422.091.90 11.76 431.92</u></div>
<div><u>Middlesex FOB1.76 1.81 1.87 1.82 11.45 420.621.82 11.68 428.98</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.15 12.01 441.11</u></div>
<div><u>Prescott 1.87 11.56 424.672.02 11.88 436.33</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.34 9.35 343.53-0.38 9.48 348.30</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2526 up 0.0030</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR18 HI 4.37 JUL18 HI 4.62</u></div>
<div><u> LOW 4.32 LOW 4.57 1/4</u></div>
<div><u> CLOSE 4.36 Up 2 1/2 CLOSE 4.60 3/4 Up 1</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR18 HI 6.23 1/4 SEP18 HI 6.30</u></div>
<div><u> LOW 6.18 LOW 6.27</u></div>
<div><u> CLOSE 6.19 3/4 Up 1 3/4 CLOSE 6.28 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 0.79 0.91 0.79 0.25</u></div>
<div><u>CAD $/bu 5.15 5.27 5.15 6.45</u></div>
<div><u>CAD $/tonne 189.16 193.76 189.16 236.91</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 0.70 N/A</u></div>
<div><u>London 0.90 1.15 0.84 N/A 0.96 0.77 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 N/A 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 0.32 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 1.23 N/A N/A N/A 1.16 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.26US 5.34CA 4.46US 5.58CA</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 0.79 0.79 0.72 0.21</u></div>
<div><u>CAD $/bu 5.39 5.39 5.33 6.49</u></div>
<div><u>CAD $/tonne 198.21 198.21 195.91 238.36</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 449.31</u></div>
<div><u>DDG's FOB Srn & Aylm 185.00 - 200.00</u></div>
<div><br>
</div>
<p class="MsoNormal"><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD">Blair Andrews</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><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"><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153); text-decoration-line: none;">519-674-1500</span></a><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333;background:#FDFDFD">x
63577<span class="apple-converted-space"> </span></span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530"><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153); text-decoration-line: none;">519-674-1530</span></a><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333"><br>
<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"> </span></span></span><span class="object"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p></o:p></span></span></p>
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