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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, December 4</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.324 up 0.0033</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.84 3/4 DEC19 HI 4.03</u></div>
<div><u> LOW 3.80 LOW 4.00 1/2</u></div>
<div><u> CLOSE3.84 3/4 Up 2 3/4 CLOSE 4.02 3/4 Up 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 +MAR19+MAR19+MAY19</u></div>
<div><u>CK Low 0.75 4.60 181.00 0.80 4.83 190.05</u></div>
<div><u>CK High 0.80 4.65 182.96 0.80 4.83 190.05</u></div>
<div><u>CK Avg 0.76 -0.37 4.61 181.39 0.80 -0.37 4.83 190.05</u></div>
<div><u>Essex Cty 0.80 4.65 182.96 0.80 4.83 190.05</u></div>
<div><u>Mdsx Low 0.75 4.60 181.00 0.80 4.83 190.05</u></div>
<div><u>Mdsx High 0.75 4.60 181.00 0.85 4.88 192.02</u></div>
<div><u>Mdsx Avg 0.75 -0.38 4.60 181.00 0.83 -0.35 4.85 191.03</u></div>
<div><u>Hensall 0.75 4.60 181.00 0.80 4.83 190.05</u></div>
<div><u>Bruce 0.75 4.60 181.00 0.80 4.83 190.05</u></div>
<div><u>Putnam 0.75 4.60 181.00 0.80 4.83 190.05</u></div>
<div><u>Burford 0.75 4.60 181.00 0.80 4.83 190.05</u></div>
<div><u>Port Perry 0.80 4.65 182.96 0.85 4.88 192.02</u></div>
<div><u>Norfolk 0.80 4.65 182.96 0.80 4.83 190.05</u></div>
<div><u>Palmerston 0.80 4.65 182.96 0.85 4.88 192.02</u></div>
<div><u>Varna 0.75 4.60 181.00 0.80 4.83 190.05</u></div>
<div><u>Trenton 0.80 4.65 182.96 0.85 4.88 192.02</u></div>
<div><u>Winchester 1.20 5.05 198.71 1.15 5.18 203.83</u></div>
<div><u>North Gower 1.13 4.98 195.96 1.10 5.13 201.86</u></div>
<div><u>Huron FOB 1.10 4.95 194.77 0.85 4.88 192.02</u></div>
<div><u>Kent FOB 1.15 5.00 196.74 0.90 4.93 193.99</u></div>
<div><u>Lamb FOB 1.20 5.05 198.71 0.95 4.98 195.96</u></div>
<div><u>Mdsx FOB 0.95N/A N/A N/A 4.80 188.87 0.90 4.93 193.99</u></div>
<div><u>FOB SW Que 1.51 5.36 210.92N/A</u></div>
<div><u>Track 1.38 5.22 205.60N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.41 1.45 1.44 1.11 5.14 202.25</u></div>
<div><u>Jhnstwn-Eth N/A N/A 1.48 1.46 1.28 5.31 208.95</u></div>
<div><u>Aylmer-Eth N/A 1.40 1.45 1.44 1.10 5.13 201.86</u></div>
<div><u>Sarn-Eth N/A 1.35N/A N/A N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing 1.45 1.45 1.50 1.45 5.30 208.55 1.10 5.13 201.86</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 1.28 5.31 208.95</u></div>
<div><u>W O Feed 1.61 5.46 214.95</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.80 5.65 222.33</u></div>
<div><u>Toledo El. -0.23 3.62 142.61 -0.26 3.76 148.17</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.77 1/2 4.62 1/4</u></div>
<div><u>HI SD CRN 0.80 4.64 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 1.324 up 0.0033</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN19 HI 9.13 NOV19 HI 9.56 1/4</u></div>
<div><u> LOW 8.99 1/2 LOW 9.44 3/4</u></div>
<div><u> CLOSE9.11 3/4 Up 6 CLOSE 9.55 3/4 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 +JAN1+MAR1+MAR19</u></div>
<div><u>CK Low 2.20 11.32 415.852.14 11.70 429.81</u></div>
<div><u>CK High 2.30 11.42 419.522.20 11.76 432.01</u></div>
<div><u>CK Average 2.28 -0.5111.40 418.792.19 -0.6611.75 431.57</u></div>
<div><u>Essex Cty 2.30 11.42 419.522.20 11.76 432.01</u></div>
<div><u>Mdsx Low 2.24 11.36 417.322.18 11.74 431.28</u></div>
<div><u>Mdsx High 2.30 11.42 419.522.20 11.76 432.01</u></div>
<div><u>Mdsx Average 2.27 -0.5211.39 418.422.19 -0.6511.75 431.65</u></div>
<div><u>Hensall 2.25 11.37 417.682.15 11.71 430.18</u></div>
<div><u>Bruce 2.20 11.32 415.852.15 11.71 430.18</u></div>
<div><u>Putnam 2.30 11.42 419.522.20 11.76 432.01</u></div>
<div><u>Burford 2.24 11.36 417.322.18 11.74 431.28</u></div>
<div><u>Port Perry 2.20 11.32 415.852.17 11.73 430.91</u></div>
<div><u>Norfolk 2.30 11.42 419.522.20 11.76 432.01</u></div>
<div><u>Palmerston 2.20 11.32 415.852.20 11.76 432.01</u></div>
<div><u>Varna 2.20 11.32 415.852.10 11.66 428.34</u></div>
<div><u>Trenton 2.15 11.27 414.012.15 11.71 430.18</u></div>
<div><u>Winchester 2.55 11.67 428.712.29 11.85 435.32</u></div>
<div><u>North Gower 2.50 11.62 426.872.25 11.81 433.85</u></div>
<div><u>Huron FOB 2.30 11.42 419.522.20 11.76 432.01</u></div>
<div><u>Kent FOB 2.50 11.62 426.872.20 11.76 432.01</u></div>
<div><u>Lambton FOB 2.35 11.47 421.362.35 11.91 437.53</u></div>
<div><u>Middlesex FOB2.33 2.31 2.29 2.29 11.45 420.622.27 11.83 434.59</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.80 N/A N/A N/A 11.92 437.892.67 12.23 449.28</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.80 11.92 437.892.60 12.16 446.71</u></div>
<div><u>Prescott N/A 2.62 12.18 447.45</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.53 8.59 315.55-0.40 9.16 336.63</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.324 up 0.0033</u></div>
<div><u>Chicago wheat closed mixed.</u></div>
<div><u>MAR19 HI 5.23 1/4 JUL19 HI 5.33 1/4</u></div>
<div><u> LOW 5.16 LOW 5.28 3/4</u></div>
<div><u> CLOSE 5.22 1/2 Up 1 1/4 CLOSE 5.32 3/4 Down 1</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR19 HI 5.82 1/2 SEP19 HI 5.99</u></div>
<div><u> LOW 5.78 1/4 LOW 5.96 1/2</u></div>
<div><u> CLOSE 5.79 3/4 Down 2 3/4 CLOSE 5.96 1/2 Down 4 1/2</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash 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 1.23 1.43 1.23 0.69</u></div>
<div><u>CAD $/bu 6.45 6.65 6.45 6.48</u></div>
<div><u>CAD $/tonne 237.16 244.46 237.16 238.25</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2018 Harvest 2019</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 1.20 N/A N/A N/A 1.15 N/A</u></div>
<div><u>London 1.17 1.30 1.17 N/A 1.19 1.32 1.19 N/A</u></div>
<div><u>Hensall 1.35 N/A 1.20 N/A 1.40 N/A 1.15 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.05 N/A</u></div>
<div><u>Bruce 1.25 1.35 1.20 0.80 1.20 1.35 1.10 0.80</u></div>
<div><u>Essex N/A N/A 1.15 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Norwich 1.35 N/A 1.20 N/A 1.40 N/A 1.15 N/A</u></div>
<div><u>Port Hope N/A N/A 1.20 N/A N/A 1.20 1.15 N/A</u></div>
<div><u>Kent Bridge 1.35 N/A 1.20 N/A 1.40 N/A 1.15 N/A</u></div>
<div><u>Chatham N/A N/A 1.15 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Brigden N/A N/A 1.15 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Palmerston N/A 1.50 1.20 0.80 N/A 1.45 1.10 N/A</u></div>
<div><u>Varna 1.40 1.50 1.20 N/A 1.20 1.45 1.10 N/A</u></div>
<div><u>Mitchell 1.35 1.20 1.20 N/A 1.40 1.30 1.15 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.50 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.20 0.93 0.60 N/A 1.28 1.21 0.45</u></div>
<div><u>W O Feed 1.90</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 1.83 N/A N/A N/A 1.83 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. N/A 5.18US 6.83CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.24 1.31 1.24 0.52</u></div>
<div><u>CAD $/bu 6.57 6.63 6.57 6.49</u></div>
<div><u>CAD $/tonne 241.31 243.74 241.31 238.28</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 505.64</u></div>
<div><u>DDG's FOB Srn & Aylm 145.00</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="" id="LPlnk303302" class="OWAAutoLink" previewremoved="true"><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="" id="LPlnk174333" class="OWAAutoLink" previewremoved="true"><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;
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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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