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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 4</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2485 down 0.0041</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.53 1/2 DEC18 HI 3.86 1/2</u></div>
<div><u> LOW 3.50 1/4 LOW 3.83 3/4</u></div>
<div><u> CLOSE3.51 Down 2 CLOSE 3.84 1/2 Down 1 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 0.60 4.11 161.80 0.60 4.45 174.99</u></div>
<div><u>CK High 0.65 4.16 163.77 0.70 4.55 178.93</u></div>
<div><u>CK Avg 0.61 -0.21 4.12 162.13 0.63 -0.26 4.47 175.98</u></div>
<div><u>Essex Cty 0.60 4.11 161.80 0.65 4.50 176.96</u></div>
<div><u>Mdsx Low 0.60 4.11 161.80 0.60 4.45 174.99</u></div>
<div><u>Mdsx High 0.60 4.11 161.80 0.60 4.45 174.99</u></div>
<div><u>Mdsx Avg 0.60 -0.22 4.11 161.80 0.60 -0.28 4.45 174.99</u></div>
<div><u>Hensall 0.60 4.11 161.80 0.60 4.45 174.99</u></div>
<div><u>Bruce 0.60 4.11 161.80 0.60 4.45 174.99</u></div>
<div><u>Putnam 0.60 4.11 161.80 0.60 4.45 174.99</u></div>
<div><u>Burford 0.65 4.16 163.77 0.65 4.50 176.96</u></div>
<div><u>Port Perry 0.65 4.16 163.77 0.65 4.50 176.96</u></div>
<div><u>Norfolk 0.60 4.11 161.80 0.60 4.45 174.99</u></div>
<div><u>Palmerston 0.65 4.16 163.77 0.65 4.50 176.96</u></div>
<div><u>Varna 0.60 4.11 161.80 0.60 4.45 174.99</u></div>
<div><u>Trenton 0.65 4.16 163.77 0.75 4.60 180.90</u></div>
<div><u>Winchester 1.00 4.51 177.55 0.90 4.75 186.80</u></div>
<div><u>North Gower 0.95 4.46 175.58 0.85 4.70 184.83</u></div>
<div><u>Huron FOB 0.85 4.36 171.65 0.75 4.60 180.90</u></div>
<div><u>Kent FOB 0.80 4.31 169.68 0.70 4.55 178.93</u></div>
<div><u>Lamb FOB 0.85 4.36 171.65 0.65 4.50 176.96</u></div>
<div><u>Mdsx FOB 0.60 0.60N/A N/A 4.11 161.80 0.65 4.50 176.96</u></div>
<div><u>FOB SW Que 1.48 4.99 196.45N/A</u></div>
<div><u>Track 1.05 4.56 179.52N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 0.90 0.95 0.92 0.97 4.41 173.61 0.85 4.70 184.83</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth 0.90 0.90 0.95 0.90 4.41 173.61 0.85 4.70 184.83</u></div>
<div><u>Sarn-Eth 0.95 0.95N/A N/A 4.46 175.58N/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 4.75 186.80</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 4.90 192.71</u></div>
<div><u>W O Feed 1.17 4.68 184.40</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.19 4.70 185.03</u></div>
<div><u>Toledo El. -0.04 3.47 136.71 -0.25 3.60 141.56</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.62 1/2 4.13 1/2</u></div>
<div><u>HI SD CRN 0.65 4.16</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2485 down 0.0041</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 9.69 NOV18 HI 9.85 1/4</u></div>
<div><u> LOW 9.59 1/4 LOW 9.77</u></div>
<div><u> CLOSE9.67 3/4 Down 1 CLOSE 9.84 Down 1 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 11.28 414.381.65 11.49 422.19</u></div>
<div><u>CK High 1.80 11.48 421.731.80 11.64 427.70</u></div>
<div><u>CK Average 1.67 -0.5911.34 416.771.73 -0.5611.57 424.94</u></div>
<div><u>Essex Cty 1.65 11.33 416.211.65 11.49 422.19</u></div>
<div><u>Mdsx Low 1.64 11.32 415.851.70 11.54 424.02</u></div>
<div><u>Mdsx High 1.65 11.33 416.211.75 11.59 425.86</u></div>
<div><u>Mdsx Average 1.65 -0.6111.32 416.031.73 -0.5611.57 424.94</u></div>
<div><u>Hensall 1.65 11.33 416.211.78 11.62 426.78</u></div>
<div><u>Bruce 1.65 11.33 416.211.75 11.59 425.86</u></div>
<div><u>Putnam 1.65 11.33 416.211.75 11.59 425.86</u></div>
<div><u>Burford 1.71 11.39 418.421.77 11.61 426.59</u></div>
<div><u>Port Perry 1.64 11.32 415.851.70 11.54 424.02</u></div>
<div><u>Norfolk 1.65 11.33 416.211.80 11.64 427.70</u></div>
<div><u>Palmerston 1.70 11.38 418.051.70 11.54 424.02</u></div>
<div><u>Varna 1.65 11.33 416.211.80 11.64 427.70</u></div>
<div><u>Trenton 1.65 11.33 416.211.75 11.59 425.86</u></div>
<div><u>Winchester 1.77 11.45 420.621.75 11.59 425.86</u></div>
<div><u>North Gower 1.70 11.38 418.051.70 11.54 424.02</u></div>
<div><u>Huron FOB 1.75 11.43 419.891.80 11.64 427.70</u></div>
<div><u>Kent FOB 1.70 11.38 418.051.75 11.59 425.86</u></div>
<div><u>Lambton FOB 1.80 11.48 421.731.85 11.69 429.53</u></div>
<div><u>Middlesex FOB1.75 1.80 1.86 1.81 11.43 419.891.81 11.65 428.06</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.10 11.94 438.72</u></div>
<div><u>Prescott 1.87 11.55 424.302.02 11.86 435.78</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.34 9.34 343.20-0.37 9.47 347.82</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2485 down 0.0041</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 4.36 JUL18 HI 4.60 3/4</u></div>
<div><u> LOW 4.31 LOW 4.56 1/2</u></div>
<div><u> CLOSE 4.34 Down 2 CLOSE 4.59 1/4 Down 1 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed mixed.</u></div>
<div><u>MAR18 HI 6.28 3/4 SEP18 HI 6.29 1/4</u></div>
<div><u> LOW 6.16 1/2 LOW 6.26</u></div>
<div><u> CLOSE 6.27 3/4 Up 8 CLOSE 6.27 1/2 Down 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 0.77 0.89 0.77 0.25</u></div>
<div><u>CAD $/bu 5.11 5.23 5.11 6.53</u></div>
<div><u>CAD $/tonne 187.63 192.22 187.63 239.81</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 1.22 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 0.22 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.80 0.75 0.20 N/A 0.93 0.88 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 1.20 N/A N/A N/A 1.13 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.24US 5.29CA 4.44US 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 0.76 0.76 0.70 0.18</u></div>
<div><u>CAD $/bu 5.35 5.35 5.29 6.45</u></div>
<div><u>CAD $/tonne 196.61 196.61 194.32 237.03</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 450.63</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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