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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 10</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2563 up 0.0121</u></div>
<div><u>Chicago corn closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.50 DEC18 HI 3.83 1/2</u></div>
<div><u> LOW 3.48 LOW 3.82</u></div>
<div><u> CLOSE3.49 Unchanged CLOSE 3.82 3/4 Up 1/4</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 4.38 172.33</u></div>
<div><u>CK High 0.60 4.09 161.02 0.65 4.48 176.27</u></div>
<div><u>CK Avg 0.56 -0.27 4.05 159.38 0.58 -0.31 4.41 173.65</u></div>
<div><u>Essex Cty 0.55 4.04 159.05 0.65 4.48 176.27</u></div>
<div><u>Mdsx Low 0.55 4.04 159.05 0.55 4.38 172.33</u></div>
<div><u>Mdsx High 0.55 4.04 159.05 0.55 4.38 172.33</u></div>
<div><u>Mdsx Avg 0.55 -0.27 4.04 159.05 0.55 -0.34 4.38 172.33</u></div>
<div><u>Hensall 0.57 4.06 159.64 0.55 4.38 172.33</u></div>
<div><u>Bruce 0.55 4.04 159.05 0.55 4.38 172.33</u></div>
<div><u>Putnam 0.60 4.09 161.02 0.60 4.43 174.30</u></div>
<div><u>Burford 0.60 4.09 161.02 0.60 4.43 174.30</u></div>
<div><u>Port Perry 0.60 4.09 161.02 0.60 4.43 174.30</u></div>
<div><u>Norfolk 0.55 4.04 159.05 0.55 4.38 172.33</u></div>
<div><u>Palmerston 0.60 4.09 161.02 0.65 4.48 176.27</u></div>
<div><u>Varna 0.60 4.09 161.02 0.55 4.38 172.33</u></div>
<div><u>Trenton 0.65 4.14 162.98 0.75 4.58 180.21</u></div>
<div><u>Winchester 0.91 4.40 173.22 0.85 4.68 184.15</u></div>
<div><u>North Gower 0.92 4.41 173.61 0.82 4.65 182.96</u></div>
<div><u>Huron FOB 0.80 4.29 168.89 0.68 4.51 177.45</u></div>
<div><u>Kent FOB 0.75 4.24 166.92 0.65 4.48 176.27</u></div>
<div><u>Lamb FOB 0.75 4.24 166.92 0.65 4.48 176.27</u></div>
<div><u>Mdsx FOB 0.60 0.65 0.60N/A 4.09 161.02 0.60 4.43 174.30</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 4.63 182.18</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 4.73 186.11</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 4.88 192.02</u></div>
<div><u>W O Feed 1.16 4.65 182.90</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 3.45 135.91 -0.25 3.58 140.81</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 1.2563 up 0.0121</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 9.63 1/2 NOV18 HI 9.82 1/4</u></div>
<div><u> LOW 9.51 3/4 LOW 9.71</u></div>
<div><u> CLOSE9.55 Down 8 3/4 CLOSE 9.73 1/2 Down 9 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 1.55 11.10 407.861.50 11.24 412.82</u></div>
<div><u>CK High 1.70 11.25 413.371.75 11.49 422.00</u></div>
<div><u>CK Average 1.62 -0.6611.17 410.551.66 -0.6511.40 418.76</u></div>
<div><u>Essex Cty 1.55 11.10 407.861.55 11.29 414.65</u></div>
<div><u>Mdsx Low 1.59 11.14 409.321.62 11.36 417.22</u></div>
<div><u>Mdsx High 1.65 11.20 411.531.75 11.49 422.00</u></div>
<div><u>Mdsx Average 1.62 -0.6611.17 410.431.69 -0.6311.42 419.61</u></div>
<div><u>Hensall 1.60 11.15 409.691.73 11.46 421.08</u></div>
<div><u>Bruce 1.65 11.20 411.531.75 11.49 422.00</u></div>
<div><u>Putnam 1.65 11.20 411.531.75 11.49 422.00</u></div>
<div><u>Burford 1.66 11.21 411.901.69 11.43 419.80</u></div>
<div><u>Port Perry 1.59 11.14 409.321.62 11.36 417.22</u></div>
<div><u>Norfolk 1.65 11.20 411.531.75 11.49 422.00</u></div>
<div><u>Palmerston 1.60 11.15 409.691.60 11.34 416.49</u></div>
<div><u>Varna 1.55 11.10 407.861.70 11.44 420.16</u></div>
<div><u>Trenton 1.65 11.20 411.531.70 11.44 420.16</u></div>
<div><u>Winchester 1.74 11.29 414.841.72 11.46 420.90</u></div>
<div><u>North Gower 1.63 11.18 410.791.63 11.37 417.59</u></div>
<div><u>Huron FOB 1.65 11.20 411.531.80 11.54 423.84</u></div>
<div><u>Kent FOB 1.75 11.30 415.201.70 11.44 420.16</u></div>
<div><u>Lambton FOB 1.85 11.40 418.881.80 11.54 423.84</u></div>
<div><u>Middlesex FOB1.82 1.90 1.90 1.84 11.37 417.781.77 11.51 422.74</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.10 11.84 434.86</u></div>
<div><u>Prescott 1.85 11.40 418.882.02 11.76 431.92</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.24 9.31 342.13-0.38 9.36 343.87</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2563 up 0.0121</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR18 HI 4.35 JUL18 HI 4.61</u></div>
<div><u> LOW 4.31 1/2 LOW 4.56 3/4</u></div>
<div><u> CLOSE 4.34 1/4 Up 2 CLOSE 4.60 1/2 Up 3</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR18 HI 6.34 1/2 SEP18 HI 6.31 1/4</u></div>
<div><u> LOW 6.28 3/4 LOW 6.25 3/4</u></div>
<div><u> CLOSE 6.34 Up 3 1/4 CLOSE 6.31 1/4 Up 2 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 0.80 0.92 0.80 0.31</u></div>
<div><u>CAD $/bu 5.14 5.27 5.14 6.65</u></div>
<div><u>CAD $/tonne 188.91 193.53 188.91 244.19</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 0.87 1.18 0.81 N/A 0.98 0.73 0.73 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 0.58 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 0.12 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 1.24 N/A N/A N/A 1.17 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.24US 5.33CA 4.46US 5.59CA</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 0.73 0.23</u></div>
<div><u>CAD $/bu 5.40 5.40 5.34 6.54</u></div>
<div><u>CAD $/tonne 198.41 198.41 196.10 240.23</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 446.88</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%;
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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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