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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, January 9</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2442 up 0.0034</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.50 DEC18 HI 3.83 1/2</u></div>
<div><u> LOW 3.47 1/4 LOW 3.80 3/4</u></div>
<div><u> CLOSE3.49 Up 1 3/4 CLOSE 3.82 1/2 Up 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 0.55 4.04 159.05 0.55 4.38 172.24</u></div>
<div><u>CK High 0.60 4.09 161.02 0.65 4.48 176.17</u></div>
<div><u>CK Avg 0.56 -0.24 4.05 159.38 0.58 -0.28 4.41 173.55</u></div>
<div><u>Essex Cty 0.55 4.04 159.05 0.65 4.48 176.17</u></div>
<div><u>Mdsx Low 0.55 4.04 159.05 0.55 4.38 172.24</u></div>
<div><u>Mdsx High 0.55 4.04 159.05 0.55 4.38 172.24</u></div>
<div><u>Mdsx Avg 0.55 -0.24 4.04 159.05 0.55 -0.31 4.38 172.24</u></div>
<div><u>Hensall 0.57 4.06 159.64 0.55 4.38 172.24</u></div>
<div><u>Bruce 0.55 4.04 159.05 0.55 4.38 172.24</u></div>
<div><u>Putnam 0.60 4.09 161.02 0.60 4.43 174.20</u></div>
<div><u>Burford 0.60 4.09 161.02 0.60 4.43 174.20</u></div>
<div><u>Port Perry 0.60 4.09 161.02 0.60 4.43 174.20</u></div>
<div><u>Norfolk 0.55 4.04 159.05 0.55 4.38 172.24</u></div>
<div><u>Palmerston 0.60 4.09 161.02 0.65 4.48 176.17</u></div>
<div><u>Varna 0.60 4.09 161.02 0.55 4.38 172.24</u></div>
<div><u>Trenton 0.65 4.14 162.98 0.75 4.58 180.11</u></div>
<div><u>Winchester 0.91 4.40 173.22 0.85 4.68 184.05</u></div>
<div><u>North Gower 0.92 4.41 173.61 0.82 4.65 182.87</u></div>
<div><u>Huron FOB 0.80 4.29 168.89 0.68 4.51 177.35</u></div>
<div><u>Kent FOB 0.70 4.19 164.95 0.65 4.48 176.17</u></div>
<div><u>Lamb FOB 0.75 4.24 166.92 0.65 4.48 176.17</u></div>
<div><u>Mdsx FOB 0.60 0.60N/A N/A 4.09 161.02 0.65 4.48 176.17</u></div>
<div><u>FOB SW Que 1.48 4.97 195.66N/A</u></div>
<div><u>Track 1.08 4.57 179.72N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 0.90 0.95 0.92 0.97 4.39 172.83 0.80 4.63 182.08</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 4.34 170.86 N/A</u></div>
<div><u>Sarn-Eth 0.90 0.90 0.90N/A 4.39 172.83N/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 4.73 186.02</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 4.88 191.92</u></div>
<div><u>W O Feed 1.17 4.66 183.30</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.17 4.66 183.46</u></div>
<div><u>Toledo El. -0.04 3.45 135.93 -0.25 3.58 140.79</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.57 1/2 4.06 1/2</u></div>
<div><u>HI SD CRN 0.60 4.09</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2442 up 0.0034</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 9.68 1/2 NOV18 HI 9.85</u></div>
<div><u> LOW 9.61 LOW 9.80</u></div>
<div><u> CLOSE9.63 3/4 Down 3 CLOSE 9.82 3/4 Down 1</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 1.55 11.19 411.071.50 11.33 416.21</u></div>
<div><u>CK High 1.70 11.34 416.581.75 11.58 425.40</u></div>
<div><u>CK Average 1.58 -0.6311.21 411.991.63 -0.6211.45 420.81</u></div>
<div><u>Essex Cty 1.55 11.19 411.071.55 11.38 418.05</u></div>
<div><u>Mdsx Low 1.55 11.19 411.071.61 11.44 420.26</u></div>
<div><u>Mdsx High 1.55 11.19 411.071.65 11.48 421.73</u></div>
<div><u>Mdsx Average 1.55 -0.6511.19 411.071.63 -0.6211.46 420.99</u></div>
<div><u>Hensall 1.55 11.19 411.071.68 11.50 422.64</u></div>
<div><u>Bruce 1.55 11.19 411.071.65 11.48 421.73</u></div>
<div><u>Putnam 1.65 11.29 414.741.75 11.58 425.40</u></div>
<div><u>Burford 1.62 11.26 413.641.68 11.51 422.83</u></div>
<div><u>Port Perry 1.55 11.19 411.071.61 11.44 420.26</u></div>
<div><u>Norfolk 1.60 11.24 412.911.70 11.53 423.56</u></div>
<div><u>Palmerston 1.60 11.24 412.911.60 11.43 419.89</u></div>
<div><u>Varna 1.55 11.19 411.071.70 11.53 423.56</u></div>
<div><u>Trenton 1.70 11.34 416.581.70 11.53 423.56</u></div>
<div><u>Winchester 1.70 11.34 416.581.70 11.53 423.56</u></div>
<div><u>North Gower 1.63 11.27 414.011.63 11.46 420.99</u></div>
<div><u>Huron FOB 1.65 11.29 414.741.80 11.63 427.24</u></div>
<div><u>Kent FOB 1.70 11.34 416.581.65 11.48 421.73</u></div>
<div><u>Lambton FOB 1.65 11.29 414.741.70 11.53 423.56</u></div>
<div><u>Middlesex FOB1.73 1.79 1.86 1.80 11.37 417.681.73 11.56 424.67</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.10 11.93 438.26</u></div>
<div><u>Prescott 1.75 11.39 418.421.94 11.77 432.38</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.24 9.40 345.43-0.37 9.45 347.38</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2442 up 0.0034</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR18 HI 4.33 3/4 JUL18 HI 4.58 1/4</u></div>
<div><u> LOW 4.25 1/4 LOW 4.50 3/4</u></div>
<div><u> CLOSE 4.32 1/4 Up 4 1/2 CLOSE 4.57 1/2 Up 4 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>MAR18 HI 6.31 3/4 SEP18 HI 6.29</u></div>
<div><u> LOW 6.22 LOW 6.20 1/2</u></div>
<div><u> CLOSE 6.30 3/4 Up 5 1/4 CLOSE 6.29 Up 5 3/4</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 0.74 0.87 0.74 0.23</u></div>
<div><u>CAD $/bu 5.07 5.19 5.07 6.54</u></div>
<div><u>CAD $/tonne 186.19 190.76 186.19 240.36</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 0.85 1.16 0.79 N/A 0.96 0.71 0.71 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 0.11 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 1.40</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 1.18 N/A N/A N/A 1.12 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.22US 5.25CA 4.43US 5.51CA</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 0.74 0.74 0.68 0.17</u></div>
<div><u>CAD $/bu 5.32 5.32 5.26 6.46</u></div>
<div><u>CAD $/tonne 195.47 195.47 193.18 237.31</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 448.87</u></div>
<div><u>DDG's FOB Srn & Aylm 205.00 - 215.00</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;
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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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