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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 12</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3354 down 0.0036</u></div>
<div><u>Chicago corn closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.87 3/4 DEC19 HI 4.05 1/4</u></div>
<div><u> LOW 3.84 1/4 LOW 4.02 3/4</u></div>
<div><u> CLOSE3.85 1/4 Up 1/2 CLOSE 4.03 3/4 Down 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 0.85 4.70 185.13 0.85 4.89 192.41</u></div>
<div><u>CK High 0.90 4.75 187.10 0.85 4.89 192.41</u></div>
<div><u>CK Avg 0.89 -0.30 4.74 186.70 0.85 -0.37 4.89 192.41</u></div>
<div><u>Essex Cty 0.90 4.75 187.10 0.85 4.89 192.41</u></div>
<div><u>Mdsx Low 0.85 4.70 185.13 0.85 4.89 192.41</u></div>
<div><u>Mdsx High 0.90 4.75 187.10 0.85 4.89 192.41</u></div>
<div><u>Mdsx Avg 0.88 -0.31 4.73 186.11 0.85 -0.37 4.89 192.41</u></div>
<div><u>Hensall 0.90 4.75 187.10 0.85 4.89 192.41</u></div>
<div><u>Bruce 0.90 4.75 187.10 0.85 4.89 192.41</u></div>
<div><u>Putnam 0.90 4.75 187.10 0.85 4.89 192.41</u></div>
<div><u>Burford 0.85 4.70 185.13 0.85 4.89 192.41</u></div>
<div><u>Port Perry 0.85 4.70 185.13 0.85 4.89 192.41</u></div>
<div><u>Norfolk 0.90 4.75 187.10 0.85 4.89 192.41</u></div>
<div><u>Palmerston 0.90 4.75 187.10 0.85 4.89 192.41</u></div>
<div><u>Varna 0.90 4.75 187.10 0.85 4.89 192.41</u></div>
<div><u>Trenton 0.90 4.75 187.10 0.85 4.89 192.41</u></div>
<div><u>Winchester 1.20 5.05 198.91 1.15 5.19 204.22</u></div>
<div><u>North Gower 1.15 5.00 196.94 1.12 5.16 203.04</u></div>
<div><u>Huron FOB 1.25 5.10 200.88 0.85 4.89 192.41</u></div>
<div><u>Kent FOB 1.20 5.05 198.91 0.90 4.94 194.38</u></div>
<div><u>Lamb FOB 1.20 5.05 198.91 0.95 4.99 196.35</u></div>
<div><u>Mdsx FOB 1.15N/A N/A N/A 5.00 196.94 0.90 4.94 194.38</u></div>
<div><u>FOB SW Que 1.48 5.33 209.93N/A</u></div>
<div><u>Track 1.38 5.23 205.80N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.49 1.53 1.50 1.12 5.16 203.04</u></div>
<div><u>Jhnstwn-Eth N/A N/A 1.55 1.53 1.29 5.33 209.73</u></div>
<div><u>Aylmer-Eth N/A N/A 1.50 1.45 1.10 5.14 202.25</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 1.40 1.45 1.50 1.45 5.25 206.78 1.10 5.14 202.25</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 5.32 209.34</u></div>
<div><u>W O Feed 1.70 5.55 218.67</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.80 5.65 222.53</u></div>
<div><u>Toledo El. -0.19 3.67 144.31 -0.27 3.77 148.47</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.87 1/2 4.72 3/4</u></div>
<div><u>HI SD CRN 0.90 4.75 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3354 down 0.0036</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN19 HI 9.28 NOV19 HI 9.71</u></div>
<div><u> LOW 9.15 1/4 LOW 9.60 3/4</u></div>
<div><u> CLOSE9.20 Up 5 CLOSE 9.66 Up 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 +JAN1+MAR1+MAR19</u></div>
<div><u>CK Low 2.26 11.46 421.082.25 11.91 437.62</u></div>
<div><u>CK High 2.35 11.55 424.392.35 12.01 441.29</u></div>
<div><u>CK Average 2.32 -0.5711.52 423.362.33 -0.6511.99 440.41</u></div>
<div><u>Essex Cty 2.35 11.55 424.392.35 12.01 441.29</u></div>
<div><u>Mdsx Low 2.30 11.50 422.552.35 12.01 441.29</u></div>
<div><u>Mdsx High 2.35 11.55 424.392.37 12.03 442.03</u></div>
<div><u>Mdsx Average 2.33 -0.5711.53 423.472.36 -0.6312.02 441.66</u></div>
<div><u>Hensall 2.35 11.55 424.392.35 12.01 441.29</u></div>
<div><u>Bruce 2.35 11.55 424.392.35 12.01 441.29</u></div>
<div><u>Putnam 2.35 11.55 424.392.35 12.01 441.29</u></div>
<div><u>Burford 2.30 11.50 422.552.37 12.03 442.03</u></div>
<div><u>Port Perry 2.26 11.46 421.082.33 11.99 440.56</u></div>
<div><u>Norfolk 2.35 11.55 424.392.35 12.01 441.29</u></div>
<div><u>Palmerston 2.35 11.55 424.392.35 12.01 441.29</u></div>
<div><u>Varna 2.35 11.55 424.392.35 12.01 441.29</u></div>
<div><u>Trenton 2.25 11.45 420.722.35 12.01 441.29</u></div>
<div><u>Winchester 2.43 11.63 427.332.31 11.97 439.82</u></div>
<div><u>North Gower 2.50 11.70 429.902.30 11.96 439.45</u></div>
<div><u>Huron FOB 2.45 11.65 428.062.45 12.11 444.97</u></div>
<div><u>Kent FOB 2.45 11.65 428.062.35 12.01 441.29</u></div>
<div><u>Lambton FOB 2.25 11.45 420.722.50 12.16 446.80</u></div>
<div><u>Middlesex FOB2.29 2.46 2.50 2.57 11.49 422.192.49 12.15 446.44</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.68 N/A N/A N/A 11.88 436.522.84 12.50 459.30</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.75 11.95 439.092.75 12.41 455.99</u></div>
<div><u>Prescott N/A 2.90 12.56 461.50</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.51 8.69 319.40-0.40 9.26 340.27</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3354 down 0.0036</u></div>
<div><u>Chicago wheat closed mixed.</u></div>
<div><u>MAR19 HI 5.28 3/4 JUL19 HI 5.41 1/2</u></div>
<div><u> LOW 5.21 3/4 LOW 5.36 1/4</u></div>
<div><u> CLOSE 5.26 1/2 Up 5 1/2 CLOSE 5.38 3/4 Up 2 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>MAR19 HI 5.83 1/2 SEP19 HI 5.99 1/2</u></div>
<div><u> LOW 5.74 3/4 LOW 5.95 1/2</u></div>
<div><u> CLOSE 5.83 Up 7 3/4 CLOSE 5.99 1/2 Up 4 3/4</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 1.30 1.50 1.30 0.82</u></div>
<div><u>CAD $/bu 6.56 6.76 6.56 6.65</u></div>
<div><u>CAD $/tonne 241.16 248.52 241.16 244.35</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 1.30 N/A N/A N/A 1.20 N/A</u></div>
<div><u>London 1.27 1.41 1.21 N/A 1.30 1.44 1.17 N/A</u></div>
<div><u>Hensall 1.45 N/A 1.30 N/A 1.45 N/A 1.25 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.25 N/A</u></div>
<div><u>Bruce 1.25 1.50 1.20 0.85 1.20 1.45 1.10 0.85</u></div>
<div><u>Essex N/A N/A 1.30 N/A N/A N/A 1.20 N/A</u></div>
<div><u>Norwich 1.45 N/A 1.30 N/A 1.45 N/A 1.25 N/A</u></div>
<div><u>Port Hope N/A N/A 1.30 N/A N/A 1.30 1.25 N/A</u></div>
<div><u>Kent Bridge 1.45 N/A 1.30 N/A 1.45 N/A 1.25 N/A</u></div>
<div><u>Chatham N/A N/A 1.30 N/A N/A N/A 1.20 N/A</u></div>
<div><u>Brigden N/A N/A 1.30 N/A N/A N/A 1.20 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 1.50 1.50 1.30 N/A 1.30 1.45 1.20 N/A</u></div>
<div><u>Mitchell 1.45 1.30 1.30 N/A 1.45 1.35 1.25 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.61 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.30 1.13 0.64 N/A 1.34 1.28 0.55</u></div>
<div><u>W O Feed 1.87</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 1.97 N/A N/A N/A 1.92 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.17US 6.90CA 5.24US 6.97CA</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 1.32 1.38 1.32 0.72</u></div>
<div><u>CAD $/bu 6.70 6.77 6.70 6.71</u></div>
<div><u>CAD $/tonne 246.34 248.78 246.34 246.70</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 498.91</u></div>
<div><u>DDG's FOB Srn & Aylm 135.00 - 165.00</u></div>
<div><u><br>
</u></div>
<u></u>
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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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