<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"><u></u></p>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 18</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2426 up 0.0050</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.54 DEC18 HI 3.86 1/2</u></div>
<div><u> LOW 3.50 1/2 LOW 3.84</u></div>
<div><u> CLOSE3.51 1/2 Down 1 1/2 CLOSE 3.85 Down 1</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 4.07 160.03 0.60 4.45 175.19</u></div>
<div><u>CK High 0.65 4.17 163.97 0.70 4.55 179.13</u></div>
<div><u>CK Avg 0.60 -0.20 4.12 162.00 0.63 -0.25 4.48 176.17</u></div>
<div><u>Essex Cty 0.55 4.07 160.03 0.65 4.50 177.16</u></div>
<div><u>Mdsx Low 0.60 4.12 162.00 0.60 4.45 175.19</u></div>
<div><u>Mdsx High 0.60 4.12 162.00 0.60 4.45 175.19</u></div>
<div><u>Mdsx Avg 0.60 -0.20 4.12 162.00 0.60 -0.27 4.45 175.19</u></div>
<div><u>Hensall 0.63 4.14 162.98 0.60 4.45 175.19</u></div>
<div><u>Bruce 0.60 4.12 162.00 0.60 4.45 175.19</u></div>
<div><u>Putnam 0.60 4.12 162.00 0.60 4.45 175.19</u></div>
<div><u>Burford 0.65 4.17 163.97 0.60 4.45 175.19</u></div>
<div><u>Port Perry 0.65 4.17 163.97 0.65 4.50 177.16</u></div>
<div><u>Norfolk 0.60 4.12 162.00 0.60 4.45 175.19</u></div>
<div><u>Palmerston 0.60 4.12 162.00 0.65 4.50 177.16</u></div>
<div><u>Varna 0.65 4.17 163.97 0.60 4.45 175.19</u></div>
<div><u>Trenton 0.65 4.17 163.97 0.75 4.60 181.09</u></div>
<div><u>Winchester 0.93 4.45 174.99 0.85 4.70 185.03</u></div>
<div><u>North Gower 0.90 4.42 173.81 0.80 4.65 183.06</u></div>
<div><u>Huron FOB 0.82 4.34 170.66 0.68 4.53 178.34</u></div>
<div><u>Kent FOB 0.82 4.34 170.66 0.65 4.50 177.16</u></div>
<div><u>Lamb FOB 0.80 4.32 169.87 0.65 4.50 177.16</u></div>
<div><u>Mdsx FOB 0.65 0.65 0.65N/A 4.17 163.97 0.60 4.45 175.19</u></div>
<div><u>FOB SW Que 1.55 5.07 199.40N/A</u></div>
<div><u>Track 1.06 4.58 180.11N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 0.87 0.94 0.92 0.98 4.39 172.63 0.80 4.65 183.06</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 0.85 0.80 4.37 171.84 N/A</u></div>
<div><u>Sarn-Eth 0.95 0.95 0.95N/A 4.47 175.78N/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 4.75 187.00</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 4.90 192.90</u></div>
<div><u>W O Feed 1.16 4.67 183.97</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.16 4.68 184.05</u></div>
<div><u>Toledo El. -0.04 3.48 136.91 -0.25 3.60 141.79</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.60 4.11 1/2</u></div>
<div><u>HI SD CRN 0.65 4.16 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2426 up 0.0050</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 9.74 3/4 NOV18 HI 9.94 3/4</u></div>
<div><u> LOW 9.66 1/2 LOW 9.87 1/4</u></div>
<div><u> CLOSE9.73 Up 4 1/4 CLOSE 9.94 1/4 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 1.70 11.43 419.981.60 11.54 424.11</u></div>
<div><u>CK High 1.75 11.48 421.821.80 11.74 431.46</u></div>
<div><u>CK Average 1.71 -0.5311.44 420.291.69 -0.5711.64 427.54</u></div>
<div><u>Essex Cty 1.70 11.43 419.981.70 11.64 427.79</u></div>
<div><u>Mdsx Low 1.70 11.43 419.981.66 11.60 426.32</u></div>
<div><u>Mdsx High 1.70 11.43 419.981.75 11.69 429.63</u></div>
<div><u>Mdsx Average 1.70 -0.5311.43 419.981.71 -0.5611.65 427.97</u></div>
<div><u>Hensall 1.70 11.43 419.981.75 11.69 429.63</u></div>
<div><u>Bruce 1.65 11.38 418.141.70 11.64 427.79</u></div>
<div><u>Putnam 1.65 11.38 418.141.75 11.69 429.63</u></div>
<div><u>Burford 1.77 11.50 422.551.73 11.67 428.89</u></div>
<div><u>Port Perry 1.70 11.43 419.981.66 11.60 426.32</u></div>
<div><u>Norfolk 1.70 11.43 419.981.75 11.69 429.63</u></div>
<div><u>Palmerston 1.75 11.48 421.821.75 11.69 429.63</u></div>
<div><u>Varna 1.65 11.38 418.141.75 11.69 429.63</u></div>
<div><u>Trenton 1.70 11.43 419.981.74 11.68 429.26</u></div>
<div><u>Winchester 1.74 11.47 421.451.72 11.66 428.52</u></div>
<div><u>North Gower 1.65 11.38 418.141.65 11.59 425.95</u></div>
<div><u>Huron FOB 1.80 11.53 423.651.85 11.79 433.30</u></div>
<div><u>Kent FOB 1.85 11.58 425.491.70 11.64 427.79</u></div>
<div><u>Lambton FOB 1.85 11.58 425.491.70 11.64 427.79</u></div>
<div><u>Middlesex FOB1.81 1.90 1.90 1.84 11.54 424.021.78 11.72 430.73</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.15 12.09 444.32</u></div>
<div><u>Prescott 1.82 11.55 424.392.03 11.97 439.91</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.24 9.49 348.84-0.37 9.57 351.64</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2426 up 0.0050</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR18 HI 4.25 3/4 JUL18 HI 4.51 1/2</u></div>
<div><u> LOW 4.21 1/4 LOW 4.47 1/2</u></div>
<div><u> CLOSE 4.25 1/4 Up 3 3/4 CLOSE 4.51 1/4 Up 3 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>MAR18 HI 6.16 1/2 SEP18 HI 6.28</u></div>
<div><u> LOW 6.10 LOW 6.24 1/2</u></div>
<div><u> CLOSE 6.10 1/2 Down 1 1/4 CLOSE 6.25 Up 1/2</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 0.85 0.72 0.18</u></div>
<div><u>CAD $/bu 4.97 5.10 4.97 6.28</u></div>
<div><u>CAD $/tonne 182.75 187.31 182.75 230.80</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 0.84 1.15 0.78 N/A 0.96 0.71 0.71 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 0.54 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 0.23 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.75 0.70 0.15 N/A 0.85 0.80 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 1.16 N/A N/A N/A 1.09 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.15US 5.16CA 4.36US 5.42CA</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 0.66 0.14</u></div>
<div><u>CAD $/bu 5.23 5.23 5.17 6.39</u></div>
<div><u>CAD $/tonne 192.18 192.18 189.90 234.95</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 459.01</u></div>
<div><u>DDG's FOB Srn & Aylm 215.00 - 230.00</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<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;
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>
</div>
<u><br>
</u>
<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><u><span style="font-family:"Courier New",monospace; font-size:10pt"></span></u></div>
<u><br>
</u>
<p></p>
<p><br>
</p>
</div>
</div>
</div>
</body>
</html>