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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, December 18</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3462 up 0.0082</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.86 1/2 DEC19 HI 4.05</u></div>
<div><u> LOW 3.83 1/4 LOW 4.02 3/4</u></div>
<div><u> CLOSE3.85 1/2 Up 1 1/2 CLOSE 4.05 Up 1 1/2</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 0.90 4.76 187.20 0.85 4.90 192.90</u></div>
<div><u>CK High 0.90 4.76 187.20 0.85 4.90 192.90</u></div>
<div><u>CK Avg 0.90 -0.32 4.76 187.20 0.85 -0.40 4.90 192.90</u></div>
<div><u>Essex Cty 0.90 4.76 187.20 0.85 4.90 192.90</u></div>
<div><u>Mdsx Low 0.90 4.76 187.20 0.85 4.90 192.90</u></div>
<div><u>Mdsx High 0.90 4.76 187.20 0.85 4.90 192.90</u></div>
<div><u>Mdsx Avg 0.90 -0.32 4.76 187.20 0.85 -0.40 4.90 192.90</u></div>
<div><u>Hensall 0.90 4.76 187.20 0.85 4.90 192.90</u></div>
<div><u>Bruce 0.90 4.76 187.20 0.85 4.90 192.90</u></div>
<div><u>Putnam 0.90 4.76 187.20 0.85 4.90 192.90</u></div>
<div><u>Burford 0.90 4.76 187.20 0.85 4.90 192.90</u></div>
<div><u>Port Perry 0.90 4.76 187.20 0.85 4.90 192.90</u></div>
<div><u>Norfolk 0.90 4.76 187.20 0.85 4.90 192.90</u></div>
<div><u>Palmerston 0.90 4.76 187.20 0.85 4.90 192.90</u></div>
<div><u>Varna 0.90 4.76 187.20 0.85 4.90 192.90</u></div>
<div><u>Trenton 0.90 4.76 187.20 0.85 4.90 192.90</u></div>
<div><u>Winchester 1.20 5.06 199.01 1.15 5.20 204.71</u></div>
<div><u>North Gower 1.15 5.01 197.04 1.12 5.17 203.53</u></div>
<div><u>Huron FOB 1.25 5.11 200.97 0.85 4.90 192.90</u></div>
<div><u>Kent FOB 1.20 5.06 199.01 0.90 4.95 194.87</u></div>
<div><u>Lamb FOB 1.20 5.06 199.01 0.95 5.00 196.84</u></div>
<div><u>Mdsx FOB 1.15N/A N/A N/A 5.01 197.04 0.95 5.00 196.84</u></div>
<div><u>FOB SW Que 1.54 5.40 212.39N/A</u></div>
<div><u>Track 1.38 5.23 205.90N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.51 1.45 1.14 5.19 204.32</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.56 1.28 5.33 209.83</u></div>
<div><u>Aylmer-Eth N/A N/A 1.50 1.45 1.10 5.15 202.75</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 N/A 1.45 1.50 1.45 1.10 5.15 202.75</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 5.33 209.83</u></div>
<div><u>W O Feed 1.67 5.52 217.35</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.80 5.66 222.63</u></div>
<div><u>Toledo El. -0.19 3.67 144.35 -0.27 3.78 148.87</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.90 4.75 1/2</u></div>
<div><u>HI SD CRN 0.90 4.75 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3462 up 0.0082</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN19 HI 9.12 1/4 NOV19 HI 9.59 1/4</u></div>
<div><u> LOW 9.02 3/4 LOW 9.51 3/4</u></div>
<div><u> CLOSE9.07 3/4 Up 3 CLOSE 9.56 1/4 Up 2 3/4</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 2.19 11.27 414.012.33 11.89 436.97</u></div>
<div><u>CK High 2.30 11.38 418.052.40 11.96 439.55</u></div>
<div><u>CK Average 2.28 -0.6411.36 417.242.37 -0.6811.93 438.30</u></div>
<div><u>Essex Cty 2.30 11.38 418.052.40 11.96 439.55</u></div>
<div><u>Mdsx Low 2.23 11.31 415.482.35 11.91 437.71</u></div>
<div><u>Mdsx High 2.30 11.38 418.052.37 11.93 438.44</u></div>
<div><u>Mdsx Average 2.27 -0.6511.34 416.772.36 -0.6811.92 438.08</u></div>
<div><u>Hensall 2.30 11.38 418.052.35 11.91 437.71</u></div>
<div><u>Bruce 2.30 11.38 418.052.35 11.91 437.71</u></div>
<div><u>Putnam 2.30 11.38 418.052.35 11.91 437.71</u></div>
<div><u>Burford 2.23 11.31 415.482.37 11.93 438.44</u></div>
<div><u>Port Perry 2.19 11.27 414.012.33 11.89 436.97</u></div>
<div><u>Norfolk 2.30 11.38 418.052.40 11.96 439.55</u></div>
<div><u>Palmerston 2.35 11.43 419.892.35 11.91 437.71</u></div>
<div><u>Varna 2.30 11.38 418.052.35 11.91 437.71</u></div>
<div><u>Trenton 2.30 11.38 418.052.35 11.91 437.71</u></div>
<div><u>Winchester 2.40 11.48 421.732.30 11.86 435.87</u></div>
<div><u>North Gower 2.50 11.58 425.402.43 11.99 440.65</u></div>
<div><u>Huron FOB 2.40 11.48 421.732.45 12.01 441.38</u></div>
<div><u>Kent FOB 2.40 11.48 421.732.40 11.96 439.55</u></div>
<div><u>Lambton FOB 2.25 11.33 416.212.50 12.06 443.22</u></div>
<div><u>Middlesex FOB2.26 2.39 2.46 2.50 11.34 416.582.53 12.09 444.32</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.76 N/A N/A N/A 11.84 434.952.93 12.49 459.02</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.70 11.78 432.752.80 12.36 454.24</u></div>
<div><u>Prescott N/A 2.90 12.46 457.92</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.51 8.57 314.75-0.40 9.16 336.57</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3462 up 0.0082</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR19 HI 5.36 JUL19 HI 5.48 1/2</u></div>
<div><u> LOW 5.30 LOW 5.43 1/2</u></div>
<div><u> CLOSE 5.32 3/4 Down 2 1/2 CLOSE 5.45 3/4 Down 2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>MAR19 HI 5.85 SEP19 HI 6.01</u></div>
<div><u> LOW 5.75 1/4 LOW 5.96</u></div>
<div><u> CLOSE 5.76 3/4 Down 8 1/2 CLOSE 5.97 Down 6 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 1.37 1.57 1.37 0.85</u></div>
<div><u>CAD $/bu 6.70 6.90 6.70 6.62</u></div>
<div><u>CAD $/tonne 246.20 253.62 246.20 243.24</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 1.40 N/A N/A N/A 1.25 N/A</u></div>
<div><u>London 1.58 1.45 1.32 N/A 1.61 1.48 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 1.60 1.60 1.40 N/A 1.35 1.50 1.25 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 0.77 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 1.92</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 2.05 N/A N/A N/A 2.00 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.23US 7.04CA 5.31US 7.12CA</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 1.40 1.47 1.40 0.77</u></div>
<div><u>CAD $/bu 6.86 6.92 6.86 6.74</u></div>
<div><u>CAD $/tonne 251.90 254.37 251.90 247.59</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 496.49</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"><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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