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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, December 14</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3373 up 0.0016</u></div>
<div><u>Chicago corn closed steady to slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.87 1/2 DEC19 HI 4.05 1/2</u></div>
<div><u> LOW 3.83 LOW 4.02 1/4</u></div>
<div><u> CLOSE3.84 3/4 Up 1/2 CLOSE 4.03 3/4 Unchanged</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 4.70 184.93 0.85 4.89 192.41</u></div>
<div><u>CK High 0.90 4.75 186.90 0.85 4.89 192.41</u></div>
<div><u>CK Avg 0.89 -0.31 4.74 186.51 0.85 -0.37 4.89 192.41</u></div>
<div><u>Essex Cty 0.90 4.75 186.90 0.85 4.89 192.41</u></div>
<div><u>Mdsx Low 0.85 4.70 184.93 0.85 4.89 192.41</u></div>
<div><u>Mdsx High 0.90 4.75 186.90 0.85 4.89 192.41</u></div>
<div><u>Mdsx Avg 0.88 -0.32 4.72 185.92 0.85 -0.37 4.89 192.41</u></div>
<div><u>Hensall 0.90 4.75 186.90 0.85 4.89 192.41</u></div>
<div><u>Bruce 0.90 4.75 186.90 0.85 4.89 192.41</u></div>
<div><u>Putnam 0.90 4.75 186.90 0.85 4.89 192.41</u></div>
<div><u>Burford 0.85 4.70 184.93 0.85 4.89 192.41</u></div>
<div><u>Port Perry 0.85 4.70 184.93 0.85 4.89 192.41</u></div>
<div><u>Norfolk 0.90 4.75 186.90 0.85 4.89 192.41</u></div>
<div><u>Palmerston 0.90 4.75 186.90 0.85 4.89 192.41</u></div>
<div><u>Varna 0.90 4.75 186.90 0.85 4.89 192.41</u></div>
<div><u>Trenton 0.90 4.75 186.90 0.85 4.89 192.41</u></div>
<div><u>Winchester 1.20 5.05 198.71 1.15 5.19 204.22</u></div>
<div><u>North Gower 1.15 5.00 196.74 1.12 5.16 203.04</u></div>
<div><u>Huron FOB 1.25 5.10 200.68 0.85 4.89 192.41</u></div>
<div><u>Kent FOB 1.20 5.05 198.71 0.90 4.94 194.38</u></div>
<div><u>Lamb FOB 1.20 5.05 198.71 0.95 4.99 196.35</u></div>
<div><u>Mdsx FOB 1.15N/A N/A N/A 5.00 196.74 0.90 4.94 194.38</u></div>
<div><u>FOB SW Que 1.52 5.37 211.31N/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 N/A 1.53 1.47 1.14 5.18 203.83</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.54 1.32 5.36 210.92</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 5.25 206.58 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 5.55 218.47</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.80 5.65 222.33</u></div>
<div><u>Toledo El. -0.19 3.66 144.10 -0.27 3.77 148.46</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.87 1/2 4.72 1/4</u></div>
<div><u>HI SD CRN 0.90 4.74 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 1.3373 up 0.0016</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JAN19 HI 9.10 NOV19 HI 9.57 1/2</u></div>
<div><u> LOW 9.00 LOW 9.49 1/4</u></div>
<div><u> CLOSE9.00 1/2 Down 6 1/2 CLOSE 9.51 Down 5</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 2.23 11.24 412.822.25 11.76 432.11</u></div>
<div><u>CK High 2.30 11.31 415.392.35 11.86 435.78</u></div>
<div><u>CK Average 2.29 -0.5611.29 414.872.32 -0.6311.83 434.75</u></div>
<div><u>Essex Cty 2.25 11.26 413.552.35 11.86 435.78</u></div>
<div><u>Mdsx Low 2.27 11.28 414.292.35 11.86 435.78</u></div>
<div><u>Mdsx High 2.30 11.31 415.392.35 11.86 435.78</u></div>
<div><u>Mdsx Average 2.29 -0.5611.29 414.842.35 -0.6111.86 435.78</u></div>
<div><u>Hensall 2.30 11.31 415.392.35 11.86 435.78</u></div>
<div><u>Bruce 2.30 11.31 415.392.35 11.86 435.78</u></div>
<div><u>Putnam 2.30 11.31 415.392.35 11.86 435.78</u></div>
<div><u>Burford 2.27 11.28 414.292.35 11.86 435.78</u></div>
<div><u>Port Perry 2.23 11.24 412.822.31 11.82 434.31</u></div>
<div><u>Norfolk 2.30 11.31 415.392.35 11.86 435.78</u></div>
<div><u>Palmerston 2.35 11.36 417.222.35 11.86 435.78</u></div>
<div><u>Varna 2.25 11.26 413.552.35 11.86 435.78</u></div>
<div><u>Trenton 2.25 11.26 413.552.35 11.86 435.78</u></div>
<div><u>Winchester 2.40 11.41 419.062.30 11.81 433.94</u></div>
<div><u>North Gower 2.50 11.51 422.742.43 11.94 438.72</u></div>
<div><u>Huron FOB 2.40 11.41 419.062.45 11.96 439.45</u></div>
<div><u>Kent FOB 2.40 11.41 419.062.35 11.86 435.78</u></div>
<div><u>Lambton FOB 2.25 11.26 413.552.50 12.01 441.29</u></div>
<div><u>Middlesex FOB2.23 2.35 2.46 2.53 11.24 412.822.51 12.02 441.66</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.63 N/A N/A N/A 11.64 427.512.80 12.31 452.32</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.75 11.76 431.922.75 12.26 450.48</u></div>
<div><u>Prescott N/A 2.90 12.41 455.99</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.51 8.50 312.20-0.40 9.11 334.75</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3373 up 0.0016</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>MAR19 HI 5.38 JUL19 HI 5.48 3/4</u></div>
<div><u> LOW 5.27 3/4 LOW 5.40 3/4</u></div>
<div><u> CLOSE 5.30 Down 6 CLOSE 5.42 3/4 Down 4 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR19 HI 5.89 1/2 SEP19 HI 6.05</u></div>
<div><u> LOW 5.82 1/4 LOW 6.00</u></div>
<div><u> CLOSE 5.84 Down 4 1/4 CLOSE 6.01 1/2 Down 2 1/4</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 1.32 1.52 1.32 0.83</u></div>
<div><u>CAD $/bu 6.62 6.82 6.62 6.67</u></div>
<div><u>CAD $/tonne 243.24 250.61 243.24 245.20</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 1.25 N/A</u></div>
<div><u>London 1.38 1.45 1.32 N/A 1.40 1.46 1.20 N/A</u></div>
<div><u>Hensall 1.55 N/A 1.30 N/A 1.55 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 1.30 1.50 1.30 1.00 1.25 1.45 1.20 0.90</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 1.55 N/A 1.30 N/A 1.55 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 1.55 N/A 1.30 N/A 1.55 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 1.55 1.30 1.30 N/A 1.55 1.35 1.25 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.67 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.30 1.13 0.64 N/A 1.33 1.27 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 1.99 N/A N/A N/A 1.94 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.20US 6.95CA 5.28US 7.03CA</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 1.34 1.40 1.34 0.73</u></div>
<div><u>CAD $/bu 6.76 6.83 6.76 6.75</u></div>
<div><u>CAD $/tonne 248.52 250.97 248.52 247.91</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 493.07</u></div>
<div><u>DDG's FOB Srn & Aylm 150.00 - 165.00</u></div>
<div><u><br>
</u></div>
<u><br>
</u>
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<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="LPlnk540158" 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
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