<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"><!-- P {margin-top:0;margin-bottom:0;} --></style>
</head>
<body dir="ltr">
<div id="divtagdefaultwrapper" style="font-size:10pt;color:#000000;font-family:'Courier New',monospace;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"></p>
<div id="divtagdefaultwrapper" style="font-size: 10pt; color: rgb(0, 0, 0); font-family: "Courier New", monospace, EmojiFont, "Apple Color Emoji", "Segoe UI Emoji", NotoColorEmoji, "Segoe UI Symbol", "Android Emoji", EmojiSymbols;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"></p>
<div id="divtagdefaultwrapper" style="font-size: 10pt; color: rgb(0, 0, 0); font-family: "Courier New", monospace, EmojiFont, "Apple Color Emoji", "Segoe UI Emoji", NotoColorEmoji, "Segoe UI Symbol", "Android Emoji", EmojiSymbols;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"></p>
<div id="divtagdefaultwrapper" style="font-size: 10pt; color: rgb(0, 0, 0); font-family: "Courier New", monospace, EmojiFont, "Apple Color Emoji", "Segoe UI Emoji", NotoColorEmoji, "Segoe UI Symbol", "Android Emoji", EmojiSymbols;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"></p>
<div id="divtagdefaultwrapper" style="font-size: 10pt; color: rgb(0, 0, 0); font-family: "Courier New", monospace, EmojiFont, "Apple Color Emoji", "Segoe UI Emoji", NotoColorEmoji, "Segoe UI Symbol", "Android Emoji", EmojiSymbols;" dir="ltr">
<p style="margin-top:0;margin-bottom:0"></p>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, January 16</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2423 up 0.0021</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.49 1/4 DEC18 HI 3.83</u></div>
<div><u> LOW 3.46 LOW 3.80</u></div>
<div><u> CLOSE3.48 1/4 Up 2 CLOSE 3.82 1/2 Up 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 4.03 158.75 0.55 4.38 172.24</u></div>
<div><u>CK High 0.65 4.13 162.69 0.70 4.53 178.14</u></div>
<div><u>CK Avg 0.57 -0.22 4.05 159.41 0.59 -0.26 4.42 173.88</u></div>
<div><u>Essex Cty 0.55 4.03 158.75 0.65 4.48 176.17</u></div>
<div><u>Mdsx Low 0.55 4.03 158.75 0.55 4.38 172.24</u></div>
<div><u>Mdsx High 0.55 4.03 158.75 0.55 4.38 172.24</u></div>
<div><u>Mdsx Avg 0.55 -0.24 4.03 158.75 0.55 -0.30 4.38 172.24</u></div>
<div><u>Hensall 0.58 4.06 159.74 0.57 4.39 172.83</u></div>
<div><u>Bruce 0.55 4.03 158.75 0.55 4.38 172.24</u></div>
<div><u>Putnam 0.60 4.08 160.72 0.60 4.43 174.20</u></div>
<div><u>Burford 0.60 4.08 160.72 0.60 4.43 174.20</u></div>
<div><u>Port Perry 0.60 4.08 160.72 0.60 4.43 174.20</u></div>
<div><u>Norfolk 0.55 4.03 158.75 0.55 4.38 172.24</u></div>
<div><u>Palmerston 0.60 4.08 160.72 0.65 4.48 176.17</u></div>
<div><u>Varna 0.60 4.08 160.72 0.55 4.38 172.24</u></div>
<div><u>Trenton 0.65 4.13 162.69 0.75 4.58 180.11</u></div>
<div><u>Winchester 0.91 4.39 172.93 0.85 4.68 184.05</u></div>
<div><u>North Gower 0.90 4.38 172.53 0.80 4.63 182.08</u></div>
<div><u>Huron FOB 0.82 4.30 169.38 0.68 4.51 177.35</u></div>
<div><u>Kent FOB 0.75 4.23 166.63 0.65 4.48 176.17</u></div>
<div><u>Lamb FOB 0.75 4.23 166.63 0.65 4.48 176.17</u></div>
<div><u>Mdsx FOB 0.60 0.65 0.60N/A 4.08 160.72 0.60 4.43 174.20</u></div>
<div><u>FOB SW Que 1.47 4.95 194.97N/A</u></div>
<div><u>Track 1.08 4.56 179.42N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 0.97 1.04 1.02 1.08 4.45 175.29 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 4.33 170.56 N/A</u></div>
<div><u>Sarn-Eth 0.90 0.90 0.90N/A 4.38 172.53N/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 N/A N/A N/A 1.05 4.88 191.92</u></div>
<div><u>W O Feed 1.15 4.63 182.22</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.17 4.65 183.16</u></div>
<div><u>Toledo El. -0.04 3.45 135.63 -0.25 3.58 140.82</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.60 4.08 1/4</u></div>
<div><u>HI SD CRN 0.65 4.13 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 1.2423 up 0.0021</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 9.70 NOV18 HI 9.91 1/4</u></div>
<div><u> LOW 9.63 1/4 LOW 9.84 3/4</u></div>
<div><u> CLOSE9.68 Up 7 1/2 CLOSE 9.89 Up 5 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 1.65 11.33 416.311.60 11.49 422.19</u></div>
<div><u>CK High 1.75 11.43 419.981.80 11.69 429.53</u></div>
<div><u>CK Average 1.69 -0.5311.37 417.841.68 -0.5611.57 425.25</u></div>
<div><u>Essex Cty 1.70 11.38 418.141.70 11.59 425.86</u></div>
<div><u>Mdsx Low 1.65 11.33 416.311.65 11.54 424.02</u></div>
<div><u>Mdsx High 1.65 11.33 416.311.70 11.59 425.86</u></div>
<div><u>Mdsx Average 1.65 -0.5611.33 416.311.68 -0.5611.57 424.94</u></div>
<div><u>Hensall 1.65 11.33 416.311.75 11.64 427.70</u></div>
<div><u>Bruce 1.65 11.33 416.311.70 11.59 425.86</u></div>
<div><u>Putnam 1.65 11.33 416.311.75 11.64 427.70</u></div>
<div><u>Burford 1.72 11.40 418.881.72 11.61 426.59</u></div>
<div><u>Port Perry 1.65 11.33 416.311.65 11.54 424.02</u></div>
<div><u>Norfolk 1.65 11.33 416.311.70 11.59 425.86</u></div>
<div><u>Palmerston 1.75 11.43 419.981.75 11.64 427.70</u></div>
<div><u>Varna 1.65 11.33 416.311.80 11.69 429.53</u></div>
<div><u>Trenton 1.70 11.38 418.141.70 11.59 425.86</u></div>
<div><u>Winchester 1.70 11.38 418.141.74 11.63 427.33</u></div>
<div><u>North Gower 1.65 11.33 416.311.65 11.54 424.02</u></div>
<div><u>Huron FOB 1.75 11.43 419.981.90 11.79 433.21</u></div>
<div><u>Kent FOB 1.80 11.48 421.821.65 11.54 424.02</u></div>
<div><u>Lambton FOB 1.90 11.58 425.491.80 11.69 429.53</u></div>
<div><u>Middlesex FOB1.76 1.85 1.85 1.80 11.44 420.351.73 11.62 426.96</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.10 11.99 440.56</u></div>
<div><u>Prescott 1.82 11.50 422.552.03 11.92 437.99</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.24 9.44 347.01-0.37 9.52 349.73</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2423 up 0.0021</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR18 HI 4.22 3/4 JUL18 HI 4.49</u></div>
<div><u> LOW 4.13 1/4 LOW 4.40 1/4</u></div>
<div><u> CLOSE 4.16 1/2 Down 4 CLOSE 4.43 3/4 Down 2 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>MAR18 HI 6.15 3/4 SEP18 HI 6.24 1/2</u></div>
<div><u> LOW 6.08 1/2 LOW 6.21</u></div>
<div><u> CLOSE 6.11 1/2 Down 1 1/4 CLOSE 6.23 3/4 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 0.70 0.82 0.70 0.18</u></div>
<div><u>CAD $/bu 4.86 4.99 4.86 6.29</u></div>
<div><u>CAD $/tonne 178.71 183.27 178.71 231.20</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 0.80 1.11 0.74 N/A 0.92 0.68 0.68 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 0.85 0.85 0.75 0.15 0.90 0.70 0.65 0.30</u></div>
<div><u>Essex N/A N/A N/A N/A N/A N/A 0.53 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 0.75 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 1.10 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 0.09 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.75 0.70 0.15 N/A 0.84 0.79 0.05</u></div>
<div><u>W O Feed 1.44</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 1.06 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.07US 5.05CA 4.29US 5.32CA</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 0.69 0.69 0.63 0.13</u></div>
<div><u>CAD $/bu 5.13 5.13 5.07 6.37</u></div>
<div><u>CAD $/tonne 188.50 188.50 186.22 234.06</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 452.84</u></div>
<div><u>DDG's FOB Srn & Aylm 215.00 - 230.00</u></div>
<div><br>
</div>
<p></p>
<p style="margin-top:0;margin-bottom:0"></p>
<p class="MsoNormal"><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD"><br>
</span></p>
<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;
background:#FDFDFD"> to
unsubscribe from this report.</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<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>
<br>
<p></p>
<div id="Signature">
<div id="divtagdefaultwrapper" style="font-size: 12pt; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255); font-family: Calibri, Arial, Helvetica, sans-serif, EmojiFont, "Apple Color Emoji", "Segoe UI Emoji", NotoColorEmoji, "Segoe UI Symbol", "Android Emoji", EmojiSymbols;">
<div><span style="font-family:"Courier New",monospace; font-size:10pt"></span></div>
<br>
<p></p>
<p><br>
</p>
</div>
</div>
</div>
<p></p>
</div>
<p></p>
</div>
<p></p>
</div>
<p></p>
</div>
</body>
</html>