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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, December 17</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.338 up 0.0007</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.86 DEC19 HI 4.04 3/4</u></div>
<div><u> LOW 3.83 1/4 LOW 4.02 1/2</u></div>
<div><u> CLOSE3.84 Down 3/4 CLOSE 4.03 1/2 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 4.69 184.64 0.85 4.89 192.31</u></div>
<div><u>CK High 0.90 4.74 186.61 0.85 4.89 192.31</u></div>
<div><u>CK Avg 0.89 -0.30 4.73 186.21 0.85 -0.38 4.89 192.31</u></div>
<div><u>Essex Cty 0.90 4.74 186.61 0.85 4.89 192.31</u></div>
<div><u>Mdsx Low 0.85 4.69 184.64 0.85 4.89 192.31</u></div>
<div><u>Mdsx High 0.90 4.74 186.61 0.85 4.89 192.31</u></div>
<div><u>Mdsx Avg 0.88 -0.32 4.72 185.62 0.85 -0.38 4.89 192.31</u></div>
<div><u>Hensall 0.90 4.74 186.61 0.85 4.89 192.31</u></div>
<div><u>Bruce 0.90 4.74 186.61 0.85 4.89 192.31</u></div>
<div><u>Putnam 0.90 4.74 186.61 0.85 4.89 192.31</u></div>
<div><u>Burford 0.85 4.69 184.64 0.85 4.89 192.31</u></div>
<div><u>Port Perry 0.85 4.69 184.64 0.85 4.89 192.31</u></div>
<div><u>Norfolk 0.90 4.74 186.61 0.85 4.89 192.31</u></div>
<div><u>Palmerston 0.90 4.74 186.61 0.85 4.89 192.31</u></div>
<div><u>Varna 0.90 4.74 186.61 0.85 4.89 192.31</u></div>
<div><u>Trenton 0.90 4.74 186.61 0.85 4.89 192.31</u></div>
<div><u>Winchester 1.20 5.04 198.42 1.15 5.19 204.12</u></div>
<div><u>North Gower 1.15 4.99 196.45 1.12 5.16 202.94</u></div>
<div><u>Huron FOB 1.25 5.09 200.38 0.85 4.89 192.31</u></div>
<div><u>Kent FOB 1.20 5.04 198.42 0.90 4.94 194.28</u></div>
<div><u>Lamb FOB 1.20 5.04 198.42 0.95 4.99 196.25</u></div>
<div><u>Mdsx FOB 1.15N/A N/A N/A 4.99 196.45 0.90 4.94 194.28</u></div>
<div><u>FOB SW Que 1.51 5.35 210.62N/A</u></div>
<div><u>Track 1.38 5.22 205.31N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.49 1.44 1.13 5.17 203.34</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.54 1.26 5.30 208.45</u></div>
<div><u>Aylmer-Eth N/A N/A 1.50 1.45 1.10 5.14 202.16</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 5.24 206.29 1.10 5.14 202.16</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 5.32 209.24</u></div>
<div><u>W O Feed 1.70 5.54 218.18</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.80 5.64 222.04</u></div>
<div><u>Toledo El. -0.19 3.65 143.80 -0.27 3.77 148.34</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.87 1/2 4.71 1/2</u></div>
<div><u>HI SD CRN 0.90 4.74</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.338 up 0.0007</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN19 HI 9.09 1/4 NOV19 HI 9.58</u></div>
<div><u> LOW 9.00 1/4 LOW 9.50 1/4</u></div>
<div><u> CLOSE9.04 3/4 Up 4 1/4 CLOSE 9.53 1/2 Up 2 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 2.24 11.29 414.742.25 11.79 433.02</u></div>
<div><u>CK High 2.30 11.35 416.952.35 11.89 436.70</u></div>
<div><u>CK Average 2.29 -0.5811.34 416.512.32 -0.6511.86 435.74</u></div>
<div><u>Essex Cty 2.25 11.30 415.112.35 11.89 436.70</u></div>
<div><u>Mdsx Low 2.28 11.33 416.212.35 11.89 436.70</u></div>
<div><u>Mdsx High 2.30 11.35 416.952.36 11.90 437.07</u></div>
<div><u>Mdsx Average 2.29 -0.5711.34 416.582.36 -0.6311.89 436.88</u></div>
<div><u>Hensall 2.30 11.35 416.952.35 11.89 436.70</u></div>
<div><u>Bruce 2.30 11.35 416.952.35 11.89 436.70</u></div>
<div><u>Putnam 2.30 11.35 416.952.35 11.89 436.70</u></div>
<div><u>Burford 2.28 11.33 416.212.36 11.90 437.07</u></div>
<div><u>Port Perry 2.24 11.29 414.742.32 11.86 435.60</u></div>
<div><u>Norfolk 2.30 11.35 416.952.35 11.89 436.70</u></div>
<div><u>Palmerston 2.35 11.40 418.792.35 11.89 436.70</u></div>
<div><u>Varna 2.30 11.35 416.952.35 11.89 436.70</u></div>
<div><u>Trenton 2.30 11.35 416.952.35 11.89 436.70</u></div>
<div><u>Winchester 2.40 11.45 420.622.30 11.84 434.86</u></div>
<div><u>North Gower 2.50 11.55 424.302.43 11.97 439.64</u></div>
<div><u>Huron FOB 2.40 11.45 420.622.45 11.99 440.37</u></div>
<div><u>Kent FOB 2.40 11.45 420.622.35 11.89 436.70</u></div>
<div><u>Lambton FOB 2.25 11.30 415.112.50 12.04 442.21</u></div>
<div><u>Middlesex FOB2.24 2.35 2.42 2.49 11.29 414.742.52 12.06 442.95</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.68 N/A N/A N/A 11.73 430.912.84 12.38 454.70</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.70 11.75 431.652.75 12.29 451.40</u></div>
<div><u>Prescott N/A 2.90 12.44 456.91</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.51 8.54 313.76-0.40 9.13 335.64</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.338 up 0.0007</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR19 HI 5.37 1/2 JUL19 HI 5.49</u></div>
<div><u> LOW 5.30 LOW 5.43</u></div>
<div><u> CLOSE 5.35 1/4 Up 5 1/4 CLOSE 5.47 3/4 Up 5</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR19 HI 5.88 SEP19 HI 6.05 1/2</u></div>
<div><u> LOW 5.82 1/4 LOW 6.01 1/4</u></div>
<div><u> CLOSE 5.85 1/4 Up 1 1/4 CLOSE 6.03 1/2 Up 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 1.34 1.54 1.34 0.84</u></div>
<div><u>CAD $/bu 6.69 6.89 6.69 6.69</u></div>
<div><u>CAD $/tonne 245.93 253.31 245.93 245.93</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 1.46 1.46 1.33 N/A 1.47 1.47 1.21 N/A</u></div>
<div><u>Hensall 1.60 N/A 1.40 N/A 1.60 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 1.60 N/A 1.40 N/A 1.60 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 1.60 N/A 1.40 N/A 1.60 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 1.60 1.40 1.40 N/A 1.60 1.40 1.25 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.72 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 1.90</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 2.01 N/A N/A N/A 1.97 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.25US 7.03CA 5.33US 7.11CA</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 1.37 1.43 1.37 0.75</u></div>
<div><u>CAD $/bu 6.84 6.91 6.84 6.79</u></div>
<div><u>CAD $/tonne 251.47 253.92 251.47 249.39</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 495.06</u></div>
<div><u>DDG's FOB Srn & Aylm 150.00 - 165.00</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="LPlnk175700" 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="LPlnk931325" 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;
background:#FDFDFD"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
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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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