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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, January 29</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.232 up 0.0009</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 3.59 1/4 DEC18 HI 3.92</u></div>
<div><u> LOW 3.56 3/4 LOW 3.89 1/4</u></div>
<div><u> CLOSE3.58 3/4 Up 2 1/4 CLOSE 3.91 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 4.14 162.89 0.55 4.47 175.78</u></div>
<div><u>CK High 0.60 4.19 164.85 0.65 4.57 179.72</u></div>
<div><u>CK Avg 0.57 -0.22 4.15 163.54 0.58 -0.27 4.49 176.76</u></div>
<div><u>Essex Cty 0.60 4.19 164.85 0.65 4.57 179.72</u></div>
<div><u>Mdsx Low 0.55 4.14 162.89 0.55 4.47 175.78</u></div>
<div><u>Mdsx High 0.60 4.19 164.85 0.55 4.47 175.78</u></div>
<div><u>Mdsx Avg 0.58 -0.21 4.16 163.87 0.55 -0.29 4.47 175.78</u></div>
<div><u>Hensall 0.60 4.19 164.85 0.55 4.47 175.78</u></div>
<div><u>Bruce 0.60 4.19 164.85 0.55 4.47 175.78</u></div>
<div><u>Putnam 0.60 4.19 164.85 0.55 4.47 175.78</u></div>
<div><u>Burford 0.60 4.19 164.85 0.55 4.47 175.78</u></div>
<div><u>Port Perry 0.60 4.19 164.85 0.60 4.52 177.75</u></div>
<div><u>Norfolk 0.55 4.14 162.89 0.55 4.47 175.78</u></div>
<div><u>Palmerston 0.60 4.19 164.85 0.65 4.57 179.72</u></div>
<div><u>Varna 0.60 4.19 164.85 0.55 4.47 175.78</u></div>
<div><u>Trenton 0.65 4.24 166.82 0.75 4.67 183.65</u></div>
<div><u>Winchester 0.90 4.49 176.67 0.87 4.79 188.38</u></div>
<div><u>North Gower 0.90 4.49 176.67 0.82 4.74 186.41</u></div>
<div><u>Huron FOB 0.75 4.34 170.76 0.60 4.52 177.75</u></div>
<div><u>Kent FOB 0.80 4.39 172.73 0.60 4.52 177.75</u></div>
<div><u>Lamb FOB 0.75 4.34 170.76 0.65 4.57 179.72</u></div>
<div><u>Mdsx FOB 0.60 0.60N/A N/A 4.19 164.85 0.60 4.52 177.75</u></div>
<div><u>FOB SW Que 1.38 4.97 195.56 1.09 5.01 197.04</u></div>
<div><u>Track 1.08 4.66 183.55N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 0.95 0.95 0.93 0.99 4.54 178.63 0.80 4.72 185.62</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 4.54 178.63N/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 4.82 189.56</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 4.97 195.46</u></div>
<div><u>W O Feed 1.13 4.72 185.88</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.14 4.73 186.11</u></div>
<div><u>Toledo El. -0.04 3.55 139.78 -0.25 3.67 144.44</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.57 1/2 4.16 1/4</u></div>
<div><u>HI SD CRN 0.60 4.18 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.232 up 0.0009</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR18 HI 9.98 3/4 NOV18 HI 10.13</u></div>
<div><u> LOW 9.86 1/4 LOW 10.04</u></div>
<div><u> CLOSE9.91 1/2 Up 6 CLOSE 10.08 Up 5 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 11.57 424.941.63 11.71 430.27</u></div>
<div><u>CK High 1.67 11.59 425.681.70 11.78 432.84</u></div>
<div><u>CK Average 1.65 -0.5211.57 425.061.66 -0.5411.74 431.19</u></div>
<div><u>Essex Cty 1.65 11.57 424.941.60 11.68 429.17</u></div>
<div><u>Mdsx Low 1.60 11.52 423.101.63 11.71 430.27</u></div>
<div><u>Mdsx High 1.67 11.59 425.681.70 11.78 432.84</u></div>
<div><u>Mdsx Average 1.64 -0.5411.55 424.391.67 -0.5311.75 431.55</u></div>
<div><u>Hensall 1.60 11.52 423.101.68 11.76 431.92</u></div>
<div><u>Bruce 1.60 11.52 423.101.70 11.78 432.84</u></div>
<div><u>Putnam 1.60 11.52 423.101.70 11.78 432.84</u></div>
<div><u>Burford 1.74 11.66 428.251.70 11.78 432.84</u></div>
<div><u>Port Perry 1.67 11.59 425.681.63 11.71 430.27</u></div>
<div><u>Norfolk 1.65 11.57 424.941.70 11.78 432.84</u></div>
<div><u>Palmerston 1.65 11.57 424.941.65 11.73 431.00</u></div>
<div><u>Varna 1.60 11.52 423.101.65 11.73 431.00</u></div>
<div><u>Trenton 1.60 11.52 423.101.65 11.73 431.00</u></div>
<div><u>Winchester 1.62 11.54 423.841.63 11.71 430.27</u></div>
<div><u>North Gower 1.57 11.49 422.001.71 11.79 433.21</u></div>
<div><u>Huron FOB 1.70 11.62 426.781.70 11.78 432.84</u></div>
<div><u>Kent FOB 1.80 11.72 430.451.65 11.73 431.00</u></div>
<div><u>Lambton FOB 1.75 11.67 428.621.75 11.83 434.68</u></div>
<div><u>Middlesex FOB1.77 1.77 1.84 1.78 11.69 429.351.71 11.79 433.21</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton N/A 2.10 12.18 447.54</u></div>
<div><u>Prescott 1.77 11.69 429.351.96 12.04 442.39</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.23 9.68 355.71-0.37 9.71 356.82</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.232 up 0.0009</u></div>
<div><u>Chicago wheat closed moderately higher.</u></div>
<div><u>MAR18 HI 4.49 3/4 JUL18 HI 4.75</u></div>
<div><u> LOW 4.43 LOW 4.68</u></div>
<div><u> CLOSE 4.49 1/4 Up 8 1/4 CLOSE 4.74 1/2 Up 8</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>MAR18 HI 6.20 SEP18 HI 6.31</u></div>
<div><u> LOW 6.11 1/2 LOW 6.25 1/4</u></div>
<div><u> CLOSE 6.13 3/4 Down 3/4 CLOSE 6.26 3/4 Up 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 0.98 0.92 0.86 0.13</u></div>
<div><u>CAD $/bu 5.47 5.41 5.35 6.27</u></div>
<div><u>CAD $/tonne 201.10 198.84 196.57 230.30</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 0.85 1.15 0.78 N/A 0.96 0.72 0.72 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 0.54 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 0.70 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 0.44 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 1.17 N/A N/A N/A 1.09 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.44US 5.47CA 4.60US 5.65CA</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 0.97 0.85 0.78 0.09</u></div>
<div><u>CAD $/bu 5.71 5.59 5.53 6.36</u></div>
<div><u>CAD $/tonne 209.96 205.44 203.18 233.58</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 468.93</u></div>
<div><u>DDG's FOB Srn & Aylm 245.00 - 250.00</u></div>
<div><u><br>
</u></div>
<div><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>
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