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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 26</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2311 down 0.0063</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.57 DEC18 HI 3.90</u></div>
<div><u> LOW 3.54 1/2 LOW 3.87 3/4</u></div>
<div><u> CLOSE3.56 1/2 Up 1 1/4 CLOSE 3.89 1/2 Up 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 4.12 162.00 0.55 4.45 174.99</u></div>
<div><u>CK High 0.60 4.17 163.97 0.65 4.55 178.93</u></div>
<div><u>CK Avg 0.57 -0.21 4.13 162.66 0.58 -0.26 4.47 175.98</u></div>
<div><u>Essex Cty 0.60 4.17 163.97 0.65 4.55 178.93</u></div>
<div><u>Mdsx Low 0.55 4.12 162.00 0.55 4.45 174.99</u></div>
<div><u>Mdsx High 0.60 4.17 163.97 0.55 4.45 174.99</u></div>
<div><u>Mdsx Avg 0.58 -0.20 4.14 162.98 0.55 -0.28 4.45 174.99</u></div>
<div><u>Hensall 0.60 4.17 163.97 0.55 4.45 174.99</u></div>
<div><u>Bruce 0.60 4.17 163.97 0.55 4.45 174.99</u></div>
<div><u>Putnam 0.60 4.17 163.97 0.55 4.45 174.99</u></div>
<div><u>Burford 0.60 4.17 163.97 0.55 4.45 174.99</u></div>
<div><u>Port Perry 0.60 4.17 163.97 0.60 4.50 176.96</u></div>
<div><u>Norfolk 0.55 4.12 162.00 0.55 4.45 174.99</u></div>
<div><u>Palmerston 0.60 4.17 163.97 0.65 4.55 178.93</u></div>
<div><u>Varna 0.60 4.17 163.97 0.55 4.45 174.99</u></div>
<div><u>Trenton 0.65 4.22 165.94 0.75 4.65 182.87</u></div>
<div><u>Winchester 0.90 4.47 175.78 0.86 4.76 187.20</u></div>
<div><u>North Gower 0.90 4.47 175.78 0.82 4.72 185.62</u></div>
<div><u>Huron FOB 0.75 4.32 169.87 0.60 4.50 176.96</u></div>
<div><u>Kent FOB 0.77 4.34 170.66 0.60 4.50 176.96</u></div>
<div><u>Lamb FOB 0.75 4.32 169.87 0.65 4.55 178.93</u></div>
<div><u>Mdsx FOB 0.60 0.60N/A N/A 4.17 163.97 0.60 4.50 176.96</u></div>
<div><u>FOB SW Que 1.44 5.01 197.04 1.09 4.99 196.25</u></div>
<div><u>Track 1.08 4.64 182.67N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 0.95 0.95 0.93 0.99 4.52 177.75 0.80 4.70 184.83</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A 0.85 0.85 0.80 N/A</u></div>
<div><u>Sarn-Eth 0.95 0.95 0.95N/A 4.52 177.75N/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 N/A 0.90 4.80 188.77</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 4.95 194.68</u></div>
<div><u>W O Feed 1.13 4.70 184.91</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.11 4.68 184.05</u></div>
<div><u>Toledo El. -0.04 3.53 138.89 -0.25 3.65 143.65</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.57 1/2 4.141</u></div>
<div><u>HI SD CRN 0.60 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 1.2311 down 0.0063</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 9.95 1/2 NOV18 HI 10.09</u></div>
<div><u> LOW 9.83 3/4 LOW 10.01</u></div>
<div><u> CLOSE9.85 1/2 Down 6 3/4 CLOSE 10.02 3/4 Down 4 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 1.65 11.51 422.741.60 11.63 427.24</u></div>
<div><u>CK High 1.65 11.51 422.741.70 11.73 430.91</u></div>
<div><u>CK Average 1.65 -0.5111.51 422.741.63 -0.5511.66 428.28</u></div>
<div><u>Essex Cty 1.65 11.51 422.741.55 11.58 425.40</u></div>
<div><u>Mdsx Low 1.60 11.46 420.901.62 11.65 427.97</u></div>
<div><u>Mdsx High 1.65 11.51 422.741.65 11.68 429.07</u></div>
<div><u>Mdsx Average 1.63 -0.5311.48 421.821.64 -0.5511.66 428.52</u></div>
<div><u>Hensall 1.60 11.46 420.901.65 11.68 429.07</u></div>
<div><u>Bruce 1.60 11.46 420.901.65 11.68 429.07</u></div>
<div><u>Putnam 1.60 11.46 420.901.65 11.68 429.07</u></div>
<div><u>Burford 1.72 11.58 425.311.69 11.72 430.54</u></div>
<div><u>Port Perry 1.65 11.51 422.741.62 11.65 427.97</u></div>
<div><u>Norfolk 1.65 11.51 422.741.70 11.73 430.91</u></div>
<div><u>Palmerston 1.65 11.51 422.741.60 11.63 427.24</u></div>
<div><u>Varna 1.60 11.46 420.901.65 11.68 429.07</u></div>
<div><u>Trenton 1.60 11.46 420.901.65 11.68 429.07</u></div>
<div><u>Winchester 1.60 11.46 420.901.57 11.60 426.14</u></div>
<div><u>North Gower 1.57 11.43 419.801.71 11.74 431.28</u></div>
<div><u>Huron FOB 1.70 11.56 424.571.70 11.73 430.91</u></div>
<div><u>Kent FOB 1.80 11.66 428.251.65 11.68 429.07</u></div>
<div><u>Lambton FOB 1.75 11.61 426.411.70 11.73 430.91</u></div>
<div><u>Middlesex FOB1.76 1.76 1.82 1.77 11.62 426.781.70 11.73 430.91</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.05 12.08 443.77</u></div>
<div><u>Prescott 1.78 11.64 427.511.97 12.00 440.83</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.23 9.62 353.51-0.37 9.66 354.89</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2311 down 0.0063</u></div>
<div><u>Chicago wheat closed moderately higher.</u></div>
<div><u>MAR18 HI 4.42 1/2 JUL18 HI 4.67 3/4</u></div>
<div><u> LOW 4.34 1/4 LOW 4.59 1/2</u></div>
<div><u> CLOSE 4.41 Up 6 1/2 CLOSE 4.66 1/2 Up 6 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR18 HI 6.16 SEP18 HI 6.29 1/4</u></div>
<div><u> LOW 6.10 1/4 LOW 6.25</u></div>
<div><u> CLOSE 6.14 1/2 Up 4 1/4 CLOSE 6.26 1/2 Up 1 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 0.96 0.90 0.83 0.13</u></div>
<div><u>CAD $/bu 5.37 5.31 5.24 6.27</u></div>
<div><u>CAD $/tonne 197.22 194.96 192.70 230.47</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 0.80 N/A N/A N/A 0.70 N/A</u></div>
<div><u>London 0.83 1.13 0.76 N/A 0.94 0.69 0.69 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 0.80 0.75 0.10 0.90 0.65 0.65 0.25</u></div>
<div><u>Essex N/A N/A N/A N/A N/A N/A 0.49 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 0.70 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 1.05 0.80 0.75 N/A 0.85 0.65 0.65 N/A</u></div>
<div><u>Mitchell 0.85 0.80 0.75 N/A 0.90 0.65 0.65 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.33 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.86 0.73 0.20 N/A 0.87 0.81 0.16</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 1.14 N/A N/A N/A 1.07 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.36US 5.37CA 4.52US 5.55CA</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 0.95 0.83 0.77 0.09</u></div>
<div><u>CAD $/bu 5.62 5.49 5.43 6.35</u></div>
<div><u>CAD $/tonne 206.32 201.80 199.54 233.43</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 467.06</u></div>
<div><u>DDG's FOB Srn & Aylm 240.00 - 245.00</u></div>
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</u></div>
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</u>
<p></p>
<p style="margin-top:0;margin-bottom:0"><u></u></p>
<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%;
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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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