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<p style="margin-top:0;margin-bottom:0">Editor's note: U.S. markets were closed Monday for the Martin Luther King Jr. Day holiday.</p>
<p style="margin-top:0;margin-bottom:0">A report is being sent today because there were some changes in the Ontario basis values.</p>
<p style="margin-top:0;margin-bottom:0">Thank you,</p>
<p style="margin-top:0;margin-bottom:0"><br>
</p>
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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, January 15</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2402 down 0.0075</u></div>
<div><u>(U.S. markets were closed for the Martin Luther King Jr. Day holiday)</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.50 DEC18 HI 3.83 1/2</u></div>
<div><u> LOW 3.45 1/2 LOW 3.79 3/4</u></div>
<div><u> CLOSE3.46 1/4 Down 2 1/2 CLOSE 3.80 1/2 Down 2 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 4.01 157.97 0.55 4.36 171.45</u></div>
<div><u>CK High 0.65 4.11 161.90 0.70 4.51 177.35</u></div>
<div><u>CK Avg 0.57 -0.21 4.03 158.62 0.59 -0.26 4.40 173.09</u></div>
<div><u>Essex Cty 0.55 4.01 157.97 0.65 4.46 175.39</u></div>
<div><u>Mdsx Low 0.55 4.01 157.97 0.55 4.36 171.45</u></div>
<div><u>Mdsx High 0.55 4.01 157.97 0.55 4.36 171.45</u></div>
<div><u>Mdsx Avg 0.55 -0.23 4.01 157.97 0.55 -0.29 4.36 171.45</u></div>
<div><u>Hensall 0.58 4.04 158.95 0.57 4.37 172.04</u></div>
<div><u>Bruce 0.55 4.01 157.97 0.55 4.36 171.45</u></div>
<div><u>Putnam 0.60 4.06 159.93 0.60 4.41 173.42</u></div>
<div><u>Burford 0.60 4.06 159.93 0.60 4.41 173.42</u></div>
<div><u>Port Perry 0.60 4.06 159.93 0.60 4.41 173.42</u></div>
<div><u>Norfolk 0.55 4.01 157.97 0.55 4.36 171.45</u></div>
<div><u>Palmerston 0.60 4.06 159.93 0.65 4.46 175.39</u></div>
<div><u>Varna 0.60 4.06 159.93 0.55 4.36 171.45</u></div>
<div><u>Trenton 0.65 4.11 161.90 0.80 4.61 181.29</u></div>
<div><u>Winchester 0.91 4.37 172.14 0.85 4.66 183.26</u></div>
<div><u>North Gower 0.92 4.38 172.53 0.82 4.63 182.08</u></div>
<div><u>Huron FOB 0.82 4.28 168.59 0.68 4.49 176.57</u></div>
<div><u>Kent FOB 0.75 4.21 165.84 0.65 4.46 175.39</u></div>
<div><u>Lamb FOB 0.75 4.21 165.84 0.65 4.46 175.39</u></div>
<div><u>Mdsx FOB 0.60 0.65 0.60N/A 4.06 159.93 0.60 4.41 173.42</u></div>
<div><u>FOB SW Que 1.47 4.93 194.18N/A</u></div>
<div><u>Track 1.08 4.54 178.63N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 0.90 0.95 0.92 0.97 4.36 171.74 0.80 4.61 181.29</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 4.31 169.78 N/A</u></div>
<div><u>Sarn-Eth 0.90 0.90 0.90N/A 4.36 171.74N/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 4.71 185.23</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 N/A N/A N/A 1.05 4.86 191.13</u></div>
<div><u>W O Feed 1.15 4.61 181.43</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.17 4.63 182.37</u></div>
<div><u>Toledo El. -0.04 3.43 134.85 -0.25 3.56 140.04</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.60 4.06 1/4</u></div>
<div><u>HI SD CRN 0.65 4.11 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 1.2402 down 0.0075</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 9.62 3/4 NOV18 HI 9.84 3/4</u></div>
<div><u> LOW 9.44 1/2 LOW 9.67 1/2</u></div>
<div><u> CLOSE9.60 1/2 Up 10 1/2 CLOSE 9.83 1/2 Up 12</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 1.67 11.28 414.291.58 11.42 419.43</u></div>
<div><u>CK High 1.75 11.36 417.221.80 11.64 427.51</u></div>
<div><u>CK Average 1.72 -0.4711.33 416.121.72 -0.5111.56 424.63</u></div>
<div><u>Essex Cty 1.70 11.31 415.391.70 11.54 423.84</u></div>
<div><u>Mdsx Low 1.67 11.28 414.291.58 11.42 419.43</u></div>
<div><u>Mdsx High 1.70 11.31 415.391.80 11.64 427.51</u></div>
<div><u>Mdsx Average 1.69 -0.5011.29 414.841.69 -0.5311.53 423.47</u></div>
<div><u>Hensall 1.68 11.28 414.471.80 11.64 427.51</u></div>
<div><u>Bruce 1.70 11.31 415.391.80 11.64 427.51</u></div>
<div><u>Putnam 1.65 11.26 413.551.75 11.59 425.68</u></div>
<div><u>Burford 1.74 11.35 416.861.65 11.49 422.00</u></div>
<div><u>Port Perry 1.67 11.28 414.291.58 11.42 419.43</u></div>
<div><u>Norfolk 1.70 11.31 415.391.80 11.64 427.51</u></div>
<div><u>Palmerston 1.75 11.36 417.221.75 11.59 425.68</u></div>
<div><u>Varna 1.65 11.26 413.551.80 11.64 427.51</u></div>
<div><u>Trenton 1.75 11.36 417.221.80 11.64 427.51</u></div>
<div><u>Winchester 1.76 11.37 417.591.75 11.59 425.68</u></div>
<div><u>North Gower 1.63 11.24 412.821.63 11.47 421.27</u></div>
<div><u>Huron FOB 1.75 11.36 417.221.90 11.74 431.19</u></div>
<div><u>Kent FOB 1.85 11.46 420.901.75 11.59 425.68</u></div>
<div><u>Lambton FOB 1.90 11.51 422.741.80 11.64 427.51</u></div>
<div><u>Middlesex FOB1.78 1.87 1.87 1.76 11.39 418.331.66 11.50 422.37</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.15 11.99 440.37</u></div>
<div><u>Prescott 1.82 11.43 419.802.03 11.87 435.96</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.24 9.37 344.27-0.37 9.46 347.71</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2402 down 0.0075</u></div>
<div><u>Chicago wheat closed lower.</u></div>
<div><u>MAR18 HI 4.36 JUL18 HI 4.60 3/4</u></div>
<div><u> LOW 4.18 3/4 LOW 4.45</u></div>
<div><u> CLOSE 4.20 1/2 Down 12 3/4 CLOSE 4.46 1/2 Down 12 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower to lower.</u></div>
<div><u>MAR18 HI 6.30 SEP18 HI 6.29</u></div>
<div><u> LOW 6.12 LOW 6.20 1/4</u></div>
<div><u> CLOSE 6.12 3/4 Down 16 1/4 CLOSE 6.21 1/2 Down 8</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 0.70 0.82 0.70 0.17</u></div>
<div><u>CAD $/bu 4.90 5.03 4.90 6.30</u></div>
<div><u>CAD $/tonne 180.22 184.78 180.22 231.37</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 0.85 N/A N/A N/A 0.70 N/A</u></div>
<div><u>London 0.82 1.13 0.76 N/A 0.91 0.67 0.67 N/A</u></div>
<div><u>Hensall 0.85 N/A 0.75 N/A 0.90 N/A 0.65 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 0.95 0.85 0.85 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 0.61 N/A</u></div>
<div><u>Norwich 0.85 N/A 0.75 N/A 0.90 N/A 0.65 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 0.90 N/A 0.65 N/A</u></div>
<div><u>Chatham N/A N/A 0.85 N/A N/A N/A 0.70 N/A</u></div>
<div><u>Brigden N/A N/A 0.85 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 0.90 0.70 0.70 N/A</u></div>
<div><u>Mitchell 0.85 0.75 0.75 N/A 0.90 0.65 0.65 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.15 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 1.13 N/A N/A N/A 1.07 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.11US 5.09CA 4.32US 5.35CA</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 0.70 0.70 0.63 0.12</u></div>
<div><u>CAD $/bu 5.16 5.16 5.10 6.34</u></div>
<div><u>CAD $/tonne 189.65 189.65 187.37 232.91</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 448.65</u></div>
<div><u>DDG's FOB Srn & Aylm 215.00 - 230.00</u></div>
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<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>
<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"> </span></span></span><span class="object" style=""><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" 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);"> to
unsubscribe from this report.</span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<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>
<u></u><br>
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