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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 5</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2395 down 0.0090</u></div>
<div><u>Chicago corn closed steady to slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.52 1/4 DEC18 HI 3.86</u></div>
<div><u> LOW 3.50 1/4 LOW 3.83 3/4</u></div>
<div><u> CLOSE3.51 1/4 Up 1/4 CLOSE 3.84 1/2 Unchanged</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 4.06 159.93 0.55 4.40 173.02</u></div>
<div><u>CK High 0.65 4.16 163.87 0.70 4.55 178.93</u></div>
<div><u>CK Avg 0.57 -0.22 4.08 160.59 0.59 -0.26 4.44 174.66</u></div>
<div><u>Essex Cty 0.55 4.06 159.93 0.65 4.50 176.96</u></div>
<div><u>Mdsx Low 0.55 4.06 159.93 0.55 4.40 173.02</u></div>
<div><u>Mdsx High 0.55 4.06 159.93 0.55 4.40 173.02</u></div>
<div><u>Mdsx Avg 0.55 -0.23 4.06 159.93 0.55 -0.30 4.40 173.02</u></div>
<div><u>Hensall 0.57 4.08 160.52 0.55 4.40 173.02</u></div>
<div><u>Bruce 0.55 4.06 159.93 0.55 4.40 173.02</u></div>
<div><u>Putnam 0.60 4.11 161.90 0.60 4.45 174.99</u></div>
<div><u>Burford 0.60 4.11 161.90 0.60 4.45 174.99</u></div>
<div><u>Port Perry 0.60 4.11 161.90 0.60 4.45 174.99</u></div>
<div><u>Norfolk 0.55 4.06 159.93 0.55 4.40 173.02</u></div>
<div><u>Palmerston 0.60 4.11 161.90 0.65 4.50 176.96</u></div>
<div><u>Varna 0.60 4.11 161.90 0.55 4.40 173.02</u></div>
<div><u>Trenton 0.65 4.16 163.87 0.75 4.60 180.90</u></div>
<div><u>Winchester 1.00 4.51 177.65 0.90 4.75 186.80</u></div>
<div><u>North Gower 0.92 4.43 174.50 0.82 4.67 183.65</u></div>
<div><u>Huron FOB 0.80 4.31 169.78 0.68 4.53 178.14</u></div>
<div><u>Kent FOB 0.70 4.21 165.84 0.65 4.50 176.96</u></div>
<div><u>Lamb FOB 0.85 4.36 171.74 0.65 4.50 176.96</u></div>
<div><u>Mdsx FOB 0.60 0.60N/A N/A 4.11 161.90 0.65 4.50 176.96</u></div>
<div><u>FOB SW Que 1.39 4.90 193.00N/A</u></div>
<div><u>Track 1.05 4.56 179.62N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 0.90 0.95 0.92 0.97 4.41 173.71 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 0.85 0.85 0.90 0.85 4.36 171.74 0.80 4.65 182.87</u></div>
<div><u>Sarn-Eth 0.95 0.95 0.95N/A 4.46 175.68N/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 1.15 4.66 183.63</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.15 4.66 183.55</u></div>
<div><u>Toledo El. -0.04 3.48 136.82 -0.25 3.60 141.61</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.60 4.11 1/4</u></div>
<div><u>HI SD CRN 0.65 4.16 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 1.2395 down 0.0090</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 9.77 NOV18 HI 9.90 3/4</u></div>
<div><u> LOW 9.67 1/2 LOW 9.84</u></div>
<div><u> CLOSE9.70 3/4 Up 3 CLOSE 9.85 1/4 Up 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 +MAR1+MAR1+MAY18</u></div>
<div><u>CK Low 1.50 11.21 411.811.50 11.35 417.13</u></div>
<div><u>CK High 1.65 11.36 417.321.75 11.60 426.32</u></div>
<div><u>CK Average 1.55 -0.6211.26 413.701.62 -0.5911.47 421.48</u></div>
<div><u>Essex Cty 1.55 11.26 413.641.55 11.40 418.97</u></div>
<div><u>Mdsx Low 1.51 11.22 412.171.61 11.46 421.17</u></div>
<div><u>Mdsx High 1.55 11.26 413.641.65 11.50 422.64</u></div>
<div><u>Mdsx Average 1.53 -0.6411.24 412.911.63 -0.5911.48 421.91</u></div>
<div><u>Hensall 1.55 11.26 413.641.68 11.53 423.56</u></div>
<div><u>Bruce 1.55 11.26 413.641.65 11.50 422.64</u></div>
<div><u>Putnam 1.65 11.36 417.321.75 11.60 426.32</u></div>
<div><u>Burford 1.58 11.29 414.741.68 11.53 423.75</u></div>
<div><u>Port Perry 1.51 11.22 412.171.61 11.46 421.17</u></div>
<div><u>Norfolk 1.55 11.26 413.641.70 11.55 424.48</u></div>
<div><u>Palmerston 1.60 11.31 415.481.60 11.45 420.81</u></div>
<div><u>Varna 1.55 11.26 413.641.70 11.55 424.48</u></div>
<div><u>Trenton 1.65 11.36 417.321.75 11.60 426.32</u></div>
<div><u>Winchester 1.70 11.41 419.151.70 11.55 424.48</u></div>
<div><u>North Gower 1.63 11.34 416.581.63 11.48 421.91</u></div>
<div><u>Huron FOB 1.65 11.36 417.321.80 11.65 428.16</u></div>
<div><u>Kent FOB 1.60 11.31 415.481.65 11.50 422.64</u></div>
<div><u>Lambton FOB 1.80 11.51 422.831.85 11.70 429.99</u></div>
<div><u>Middlesex FOB1.68 1.76 1.82 1.76 11.39 418.421.69 11.54 424.11</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.05 11.90 437.34</u></div>
<div><u>Prescott 1.75 11.46 420.991.94 11.79 433.30</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.33 9.37 344.39-0.37 9.48 348.36</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2395 down 0.0090</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 4.33 3/4 JUL18 HI 4.59</u></div>
<div><u> LOW 4.27 1/2 LOW 4.53 1/4</u></div>
<div><u> CLOSE 4.30 3/4 Down 3 1/4 CLOSE 4.55 3/4 Down 3 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 6.28 SEP18 HI 6.28</u></div>
<div><u> LOW 6.24 LOW 6.21 1/4</u></div>
<div><u> CLOSE 6.26 3/4 Down 1 CLOSE 6.23 Down 4 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 0.72 0.85 0.72 0.20</u></div>
<div><u>CAD $/bu 5.03 5.15 5.03 6.47</u></div>
<div><u>CAD $/tonne 184.79 189.34 184.79 237.62</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 0.75 N/A N/A N/A 0.65 N/A</u></div>
<div><u>London 0.82 1.13 0.76 N/A 0.88 0.69 0.63 N/A</u></div>
<div><u>Hensall 0.85 N/A 0.75 N/A 0.95 N/A 0.70 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 0.66 N/A</u></div>
<div><u>Norwich 0.85 N/A 0.75 N/A 0.95 N/A 0.70 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 0.85 N/A 0.75 N/A 0.95 N/A 0.70 N/A</u></div>
<div><u>Chatham N/A N/A 0.75 N/A N/A N/A 0.65 N/A</u></div>
<div><u>Brigden N/A N/A 0.75 N/A N/A N/A 0.65 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 1.05 0.80 0.75 N/A 0.90 0.70 0.70 N/A</u></div>
<div><u>Mitchell 0.85 0.75 0.75 N/A 0.95 0.70 0.70 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.10 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.75 0.70 0.18 N/A 0.84 0.79 0.05</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 1.16 N/A N/A N/A 1.09 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.21US 5.22CA 4.41US 5.46CA</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 0.72 0.72 0.66 0.13</u></div>
<div><u>CAD $/bu 5.28 5.28 5.21 6.36</u></div>
<div><u>CAD $/tonne 193.84 193.84 191.56 233.56</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 452.95</u></div>
<div><u>DDG's FOB Srn & Aylm 205.00 - 215.00</u></div>
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</u></div>
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</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;
background:#FDFDFD"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
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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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