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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, January 8</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2408 up 0.0013</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.51 1/2 DEC18 HI 3.84 1/2</u></div>
<div><u> LOW 3.46 3/4 LOW 3.80 3/4</u></div>
<div><u> CLOSE3.47 1/4 Down 4 CLOSE 3.81 Down 3 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 4.02 158.36 0.55 4.36 171.65</u></div>
<div><u>CK High 0.65 4.12 162.30 0.70 4.51 177.55</u></div>
<div><u>CK Avg 0.57 -0.22 4.04 159.01 0.59 -0.26 4.40 173.29</u></div>
<div><u>Essex Cty 0.55 4.02 158.36 0.65 4.46 175.58</u></div>
<div><u>Mdsx Low 0.55 4.02 158.36 0.55 4.36 171.65</u></div>
<div><u>Mdsx High 0.55 4.02 158.36 0.55 4.36 171.65</u></div>
<div><u>Mdsx Avg 0.55 -0.23 4.02 158.36 0.55 -0.29 4.36 171.65</u></div>
<div><u>Hensall 0.57 4.04 158.95 0.55 4.36 171.65</u></div>
<div><u>Bruce 0.55 4.02 158.36 0.55 4.36 171.65</u></div>
<div><u>Putnam 0.60 4.07 160.33 0.60 4.41 173.61</u></div>
<div><u>Burford 0.60 4.07 160.33 0.60 4.41 173.61</u></div>
<div><u>Port Perry 0.60 4.07 160.33 0.60 4.41 173.61</u></div>
<div><u>Norfolk 0.55 4.02 158.36 0.55 4.36 171.65</u></div>
<div><u>Palmerston 0.60 4.07 160.33 0.65 4.46 175.58</u></div>
<div><u>Varna 0.60 4.07 160.33 0.55 4.36 171.65</u></div>
<div><u>Trenton 0.65 4.12 162.30 0.70 4.51 177.55</u></div>
<div><u>Winchester 0.92 4.39 172.93 0.84 4.65 183.06</u></div>
<div><u>North Gower 0.92 4.39 172.93 0.82 4.63 182.28</u></div>
<div><u>Huron FOB 0.80 4.27 168.20 0.68 4.49 176.76</u></div>
<div><u>Kent FOB 0.70 4.17 164.26 0.65 4.46 175.58</u></div>
<div><u>Lamb FOB 0.75 4.22 166.23 0.65 4.46 175.58</u></div>
<div><u>Mdsx FOB 0.60 0.60N/A N/A 4.07 160.33 0.65 4.46 175.58</u></div>
<div><u>FOB SW Que 1.46 4.93 194.18N/A</u></div>
<div><u>Track 1.08 4.55 179.03N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 0.90 0.95 0.92 0.97 4.37 172.14 0.80 4.61 181.49</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 4.32 170.17 N/A</u></div>
<div><u>Sarn-Eth 0.90 0.90 0.90N/A 4.37 172.14N/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 4.71 185.42</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 4.86 191.33</u></div>
<div><u>W O Feed 1.16 4.63 182.45</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.15 4.62 181.98</u></div>
<div><u>Toledo El. -0.04 3.44 135.24 -0.25 3.56 140.23</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.60 4.07 1/4</u></div>
<div><u>HI SD CRN 0.65 4.12 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 1.2408 up 0.0013</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 9.71 1/2 NOV18 HI 9.86</u></div>
<div><u> LOW 9.60 1/2 LOW 9.78 1/2</u></div>
<div><u> CLOSE9.66 3/4 Down 4 CLOSE 9.83 3/4 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 1.50 11.17 410.341.50 11.34 416.58</u></div>
<div><u>CK High 1.65 11.32 415.851.75 11.59 425.77</u></div>
<div><u>CK Average 1.56 -0.6211.22 412.421.62 -0.6011.46 420.93</u></div>
<div><u>Essex Cty 1.55 11.22 412.171.55 11.39 418.42</u></div>
<div><u>Mdsx Low 1.54 11.21 411.811.61 11.45 420.62</u></div>
<div><u>Mdsx High 1.55 11.22 412.171.65 11.49 422.09</u></div>
<div><u>Mdsx Average 1.55 -0.6311.21 411.991.63 -0.5911.47 421.36</u></div>
<div><u>Hensall 1.55 11.22 412.171.68 11.51 423.01</u></div>
<div><u>Bruce 1.55 11.22 412.171.65 11.49 422.09</u></div>
<div><u>Putnam 1.65 11.32 415.851.75 11.59 425.77</u></div>
<div><u>Burford 1.61 11.28 414.381.68 11.52 423.20</u></div>
<div><u>Port Perry 1.54 11.21 411.811.61 11.45 420.62</u></div>
<div><u>Norfolk 1.55 11.22 412.171.70 11.54 423.93</u></div>
<div><u>Palmerston 1.60 11.27 414.011.60 11.44 420.26</u></div>
<div><u>Varna 1.55 11.22 412.171.70 11.54 423.93</u></div>
<div><u>Trenton 1.65 11.32 415.851.65 11.49 422.09</u></div>
<div><u>Winchester 1.69 11.36 417.321.63 11.47 421.36</u></div>
<div><u>North Gower 1.63 11.30 415.111.63 11.47 421.36</u></div>
<div><u>Huron FOB 1.65 11.32 415.851.80 11.64 427.60</u></div>
<div><u>Kent FOB 1.60 11.27 414.011.65 11.49 422.09</u></div>
<div><u>Lambton FOB 1.65 11.32 415.851.70 11.54 423.93</u></div>
<div><u>Middlesex FOB1.71 1.76 1.82 1.76 11.38 418.051.69 11.53 423.56</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.03 11.87 436.06</u></div>
<div><u>Prescott 1.75 11.42 419.521.94 11.78 432.75</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.24 9.43 346.56-0.37 9.47 347.79</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2408 up 0.0013</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 4.32 1/4 JUL18 HI 4.57</u></div>
<div><u> LOW 4.25 3/4 LOW 4.51 1/2</u></div>
<div><u> CLOSE 4.27 3/4 Down 3 CLOSE 4.53 Down 2 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>MAR18 HI 6.28 SEP18 HI 6.25 1/4</u></div>
<div><u> LOW 6.20 1/4 LOW 6.20 1/4</u></div>
<div><u> CLOSE 6.25 1/2 Down 1 1/4 CLOSE 6.23 1/4 Up 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 0.72 0.84 0.72 0.20</u></div>
<div><u>CAD $/bu 5.00 5.12 5.00 6.46</u></div>
<div><u>CAD $/tonne 183.62 188.18 183.62 237.30</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 0.70 N/A</u></div>
<div><u>London 0.84 1.15 0.78 N/A 0.94 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 0.85 0.75 0.75 0.10 0.95 0.70 0.70 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 0.70 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 1.41</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 1.15 N/A N/A N/A 1.09 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.18US 5.18CA 4.38US 5.43CA</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 0.65 0.13</u></div>
<div><u>CAD $/bu 5.25 5.25 5.18 6.37</u></div>
<div><u>CAD $/tonne 192.79 192.79 190.51 233.92</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 452.51</u></div>
<div><u>DDG's FOB Srn & Aylm 205.00 - 215.00</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%;
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;
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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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