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<div>Futures Prices as of close, December 05, 2018</div>
<div>Commodity<span style="white-space:pre"> </span>Period<span style="white-space:pre">
</span>Price<span style="white-space:pre"> </span>Weekly Movement</div>
<div>Corn CBOT<span style="white-space:pre"> </span>Mar<span style="white-space:pre">
</span>3.85<span style="white-space:pre"> </span>$B",(B 06 cents</div>
<div>Soybeans CBOT<span style="white-space:pre"> </span>Jan<span style="white-space:pre">
</span>9.13<span style="white-space:pre"> </span>$B",(B 18 cents</div>
<div>Wheat CBOT<span style="white-space:pre"> </span>Mar<span style="white-space:pre">
</span>5.19<span style="white-space:pre"> </span>$B",(B 00 cents</div>
<div>Wheat Minn.<span style="white-space:pre"> </span>Mar<span style="white-space:pre">
</span>5.75<span style="white-space:pre"> </span>$B",(B 03 cents</div>
<div>Wheat Kansas<span style="white-space:pre"> </span>Mar<span style="white-space:pre">
</span>4.97<span style="white-space:pre"> </span>$B"-(B 05 cents</div>
<div>Oats CBOT<span style="white-space:pre"> </span>Mar<span style="white-space:pre">
</span>2.88<span style="white-space:pre"> </span>$B"-(B 07 cents</div>
<div><span style="white-space:pre"></span></div>
<div>Canadian $<span style="white-space:pre"> </span>Dec<span style="white-space:pre">
</span>0.7475<span style="white-space:pre"> </span>$B"-(B 0.42 points</div>
<div><br>
</div>
<div><br>
</div>
<div>Corn: </div>
<div>It was a positive week in corn as we gapped higher in prices and received a red buy signal on the daily chart. This signals the eventual test of the $3.90 level on the March futures contract in the coming weeks. This is the only overhead resistance left
to overcome before an attempt at the $4 Level, which is a price not seen since early August. </div>
<div>Both short and mid-term indicators are now positive, but the primary trend is still down. </div>
<div>Soybeans: </div>
<div>We mentioned last week that the G20 summit may have some influence on the price break either way. With the initial comments, it seems there is hope for an agreement on tariffs, and the markets reacted positively. It was an exciting week in soybeans as
we broke above the box formation which has been in place since June 1 of this year. This move will allow us to move towards the resistance level of $9.60-$9.80 on the lead month futures contract. </div>
<div>Short term indicators are still positive, while the primary trend remains down. Resistance remains around the $9.60 level just above the box. </div>
<div><br>
</div>
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</div>
<div><br>
</div>
<div>Wheat: </div>
<div><br>
</div>
<div>Wheat performed nicely last week along with the other grains. We are groping for a support line once again as the $5. Level on the March contract looks supportive. The December contract will be expiring and that should release some downward pressure on
the March contract. A close above the $5.25-$5.35 level on the March futures would rejuvenate the buying and we could start seeing some serious upside coming into the new year and spring season. Overall the weekly charts still look very constructive and I
still feel we will see stronger prices in the spring.</div>
<div><br>
</div>
<div>Short term indicators are neutral, and the primary trend is neutral to mildly bullish. </div>
<div><br>
</div>
<div><br>
</div>
<div>Harvest 2018 Grain prices as of the close, December 05, 2018 are as follows:</div>
<div>SWW @ $237.42/MT ($6.46/bu), HRW @ $244.79/MT ($6.66/bu), </div>
<div> HRS @ $238.40/MT ($6.49/bu), SRW @ $237.42/MT ($6.46/bu). </div>
<div><br>
</div>
<div>Marty Hibbs, Grain Farmers of Ontario </div>
<div><br>
</div>
<div><br>
</div>
<div>
<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 6</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3384 up 0.0004</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.84 3/4 DEC19 HI 4.03 1/4</u></div>
<div><u> LOW 3.80 LOW 3.99 1/4</u></div>
<div><u> CLOSE3.82 3/4 Down 1 1/2 CLOSE 4.01 1/4 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 +MAR19+MAR19+MAY19</u></div>
<div><u>CK Low 0.75 4.58 180.21 0.80 4.81 189.46</u></div>
<div><u>CK High 0.90 4.73 186.11 0.80 4.81 189.46</u></div>
<div><u>CK Avg 0.81 -0.36 4.64 182.57 0.80 -0.40 4.81 189.46</u></div>
<div><u>Essex Cty 0.90 4.73 186.11 0.80 4.81 189.46</u></div>
<div><u>Mdsx Low 0.80 4.63 182.18 0.80 4.81 189.46</u></div>
<div><u>Mdsx High 0.80 4.63 182.18 0.85 4.86 191.43</u></div>
<div><u>Mdsx Avg 0.80 -0.37 4.63 182.18 0.83 -0.38 4.84 190.44</u></div>
<div><u>Hensall 0.83 4.65 183.16 0.83 4.84 190.44</u></div>
<div><u>Bruce 0.85 4.68 184.15 0.85 4.86 191.43</u></div>
<div><u>Putnam 0.80 4.63 182.18 0.80 4.81 189.46</u></div>
<div><u>Burford 0.80 4.63 182.18 0.80 4.81 189.46</u></div>
<div><u>Port Perry 0.85 4.68 184.15 0.85 4.86 191.43</u></div>
<div><u>Norfolk 0.90 4.73 186.11 0.80 4.81 189.46</u></div>
<div><u>Palmerston 0.80 4.63 182.18 0.85 4.86 191.43</u></div>
<div><u>Varna 0.80 4.63 182.18 0.80 4.81 189.46</u></div>
<div><u>Trenton 0.80 4.63 182.18 0.85 4.86 191.43</u></div>
<div><u>Winchester 1.20 5.03 197.92 1.15 5.16 203.24</u></div>
<div><u>North Gower 1.13 4.96 195.17 1.10 5.11 201.27</u></div>
<div><u>Huron FOB 1.20 5.03 197.92 0.85 4.86 191.43</u></div>
<div><u>Kent FOB 1.20 5.03 197.92 0.90 4.91 193.40</u></div>
<div><u>Lamb FOB 1.20 5.03 197.92 0.95 4.96 195.36</u></div>
<div><u>Mdsx FOB 0.95N/A N/A N/A 4.78 188.08 0.90 4.91 193.40</u></div>
<div><u>FOB SW Que 1.35 5.18 203.83N/A</u></div>
<div><u>Track 1.38 5.20 204.81N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.49 1.53 1.50 1.12 5.13 202.06</u></div>
<div><u>Jhnstwn-Eth N/A N/A 1.55 1.53 1.29 5.30 208.75</u></div>
<div><u>Aylmer-Eth N/A 1.40 1.45 1.44 1.10 5.11 201.27</u></div>
<div><u>Sarn-Eth N/A 1.30 1.35N/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 5.28 207.77 1.10 5.11 201.27</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 5.29 208.36</u></div>
<div><u>W O Feed 1.65 5.48 215.54</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.80 5.63 221.54</u></div>
<div><u>Toledo El. -0.19 3.64 143.31 -0.27 3.75 147.47</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.82 1/2 4.65 1/4</u></div>
<div><u>HI SD CRN 0.90 4.72 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 1.3384 up 0.0004</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JAN19 HI 9.12 1/4 NOV19 HI 9.55 1/2</u></div>
<div><u> LOW 8.97 LOW 9.43 1/4</u></div>
<div><u> CLOSE9.09 1/2 Down 4 CLOSE 9.54 1/2 Down 2 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 +JAN1+MAR1+MAR19</u></div>
<div><u>CK Low 2.30 11.40 418.692.20 11.75 431.55</u></div>
<div><u>CK High 2.40 11.50 422.372.35 11.90 437.07</u></div>
<div><u>CK Average 2.32 -0.5711.42 419.432.25 -0.7011.79 433.32</u></div>
<div><u>Essex Cty 2.40 11.50 422.372.35 11.90 437.07</u></div>
<div><u>Mdsx Low 2.30 11.40 418.692.20 11.75 431.55</u></div>
<div><u>Mdsx High 2.34 11.44 420.162.33 11.88 436.33</u></div>
<div><u>Mdsx Average 2.32 -0.5711.42 419.432.27 -0.6811.81 433.94</u></div>
<div><u>Hensall 2.35 11.45 420.532.25 11.80 433.39</u></div>
<div><u>Bruce 2.40 11.50 422.372.30 11.85 435.23</u></div>
<div><u>Putnam 2.30 11.40 418.692.20 11.75 431.55</u></div>
<div><u>Burford 2.34 11.44 420.162.33 11.88 436.33</u></div>
<div><u>Port Perry 2.30 11.40 418.692.29 11.84 434.86</u></div>
<div><u>Norfolk 2.40 11.50 422.372.35 11.90 437.07</u></div>
<div><u>Palmerston 2.20 11.30 415.022.20 11.75 431.55</u></div>
<div><u>Varna 2.25 11.35 416.862.15 11.70 429.72</u></div>
<div><u>Trenton 2.25 11.35 416.862.20 11.75 431.55</u></div>
<div><u>Winchester 2.47 11.57 424.942.30 11.85 435.23</u></div>
<div><u>North Gower 2.60 11.70 429.722.35 11.90 437.07</u></div>
<div><u>Huron FOB 2.50 11.60 426.042.40 11.95 438.90</u></div>
<div><u>Kent FOB 2.55 11.65 427.882.35 11.90 437.07</u></div>
<div><u>Lambton FOB 2.40 11.50 422.372.40 11.95 438.90</u></div>
<div><u>Middlesex FOB2.44 2.49 2.46 2.46 11.54 423.842.43 11.98 440.01</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.95 N/A N/A N/A 12.05 442.582.83 12.38 454.70</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.80 11.90 437.072.60 12.15 446.25</u></div>
<div><u>Prescott N/A 2.62 12.17 446.99</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.51 8.59 315.50-0.40 9.15 336.03</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3384 up 0.0004</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR19 HI 5.18 1/2 JUL19 HI 5.28 3/4</u></div>
<div><u> LOW 5.10 LOW 5.21 3/4</u></div>
<div><u> CLOSE 5.15 1/2 Down 2 1/2 CLOSE 5.25 1/2 Down 2 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>MAR19 HI 5.77 1/4 SEP19 HI 5.91 3/4</u></div>
<div><u> LOW 5.68 1/2 LOW 5.88</u></div>
<div><u> CLOSE 5.69 1/4 Down 6 1/4 CLOSE 5.88 1/4 Down 3 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 1.28 1.48 1.28 0.72</u></div>
<div><u>CAD $/bu 6.43 6.63 6.43 6.41</u></div>
<div><u>CAD $/tonne 236.30 243.68 236.30 235.69</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 1.27 1.40 1.27 N/A 1.28 1.41 1.21 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 1.10 N/A</u></div>
<div><u>Bruce 1.25 1.55 1.25 0.85 1.20 1.50 1.15 0.85</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 1.10 N/A</u></div>
<div><u>Palmerston N/A 1.50 1.20 0.80 N/A 1.45 1.10 0.80</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 0.62 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.20 0.93 0.60 N/A 1.27 1.21 0.45</u></div>
<div><u>W O Feed 1.89</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 1.88 N/A N/A N/A 1.88 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. N/A 5.11US 6.80CA</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 1.28 1.35 1.28 0.56</u></div>
<div><u>CAD $/bu 6.54 6.60 6.54 6.44</u></div>
<div><u>CAD $/tonne 240.22 242.67 240.22 236.67</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 505.09</u></div>
<div><u>DDG's FOB Srn & Aylm 160.00</u></div>
<div><br>
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<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>
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