FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 19 (All Bases in CAD) Exchange rate was 1.3431 down 0.0031 Chicago corn closed slightly lower. MAR19 HI 3.85 1/4 DEC19 HI 4.04 1/4 LOW 3.81 1/2 LOW 4.02 CLOSE3.81 3/4 Down 3 3/4 CLOSE 4.02 1/2 Down 2 1/2 OLD CROP BASIS NEW CROP BASIS Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt ELEVATORS +MAR19+MAR19+MAY19 CK Low 0.90 4.72 185.72 0.85 4.88 191.92 CK High 0.95 4.77 187.69 0.85 4.88 191.92 CK Avg 0.91 -0.30 4.73 186.11 0.85 -0.39 4.88 191.92 Essex Cty 0.95 4.77 187.69 0.85 4.88 191.92 Mdsx Low 0.90 4.72 185.72 0.85 4.88 191.92 Mdsx High 0.90 4.72 185.72 0.85 4.88 191.92 Mdsx Avg 0.90 -0.31 4.72 185.72 0.85 -0.39 4.88 191.92 Hensall 0.90 4.72 185.72 0.85 4.88 191.92 Bruce 0.90 4.72 185.72 0.85 4.88 191.92 Putnam 0.90 4.72 185.72 0.85 4.88 191.92 Burford 0.90 4.72 185.72 0.85 4.88 191.92 Port Perry 0.90 4.72 185.72 0.85 4.88 191.92 Norfolk 0.95 4.77 187.69 0.85 4.88 191.92 Palmerston 0.90 4.72 185.72 0.85 4.88 191.92 Varna 0.90 4.72 185.72 0.85 4.88 191.92 Trenton 0.90 4.72 185.72 0.85 4.88 191.92 Winchester 1.20 5.02 197.53 1.15 5.18 203.73 North Gower 1.15 4.97 195.56 1.12 5.15 202.55 Huron FOB 1.25 5.07 199.50 0.85 4.88 191.92 Kent FOB 1.25 5.07 199.50 0.90 4.93 193.89 Lamb FOB 1.20 5.02 197.53 0.95 4.98 195.86 Mdsx FOB 1.15N/A N/A N/A 4.97 195.56 0.95 4.98 195.86 FOB SW Que 1.55 5.37 211.31N/A Track 1.38 5.19 204.42N/A PROCESSORS Chat-Eth N/A N/A 1.51 1.45 1.14 5.17 203.34 Jhnstwn-Eth N/A N/A N/A 1.56 1.28 5.31 208.85 Aylmer-Eth N/A N/A 1.50 1.45 1.10 5.13 201.76 Sarn-Eth N/A 1.30 1.35N/A N/A Kawartha N/A N/A N/A N/A N/A London-Ing N/A N/A 1.50 1.45 1.10 5.13 201.76 Pt.Colb-Ing N/A N/A N/A N/A N/A* Cardnl-Ing N/A N/A N/A N/A 1.28 5.31 208.85 W O Feed 1.67 5.48 215.88 US Rep 1.80 5.62 221.15 Toledo El. -0.19 3.63 142.89 -0.27 3.76 147.89 MID SD CRN 0.92 1/2 4.74 1/4 HI SD CRN 0.95 4.76 3/4 *Wet Bid Exchange rate was 1.3431 down 0.0031 Chicago soybeans closed slightly lower. JAN19 HI 9.09 3/4 NOV19 HI 9.57 3/4 LOW 8.99 1/4 LOW 9.48 1/4 CLOSE9.00 Down 7 3/4 CLOSE 9.49 Down 7 1/4 OLD CROP NEW CROP Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt ELEVATORS +JAN1+MAR1+MAR19 CK Low 2.19 11.19 411.162.39 11.88 436.52 CK High 2.30 11.30 415.202.40 11.89 436.88 CK Average 2.28 -0.6011.28 414.402.40 -0.6311.89 436.81 Essex Cty 2.30 11.30 415.202.45 11.94 438.72 Mdsx Low 2.23 11.23 412.632.40 11.89 436.88 Mdsx High 2.30 11.30 415.202.43 11.92 437.99 Mdsx Average 2.27 -0.6111.27 413.922.42 -0.6211.91 437.43 Hensall 2.30 11.30 415.202.38 11.87 435.96 Bruce 2.30 11.30 415.202.35 11.84 435.05 Putnam 2.30 11.30 415.202.40 11.89 436.88 Burford 2.23 11.23 412.632.43 11.92 437.99 Port Perry 2.19 11.19 411.162.39 11.88 436.52 Norfolk 2.30 11.30 415.202.40 11.89 436.88 Palmerston 2.35 11.35 417.042.35 11.84 435.05 Varna 2.30 11.30 415.202.35 11.84 435.05 Trenton 2.30 11.30 415.202.35 11.84 435.05 Winchester 2.40 11.40 418.882.30 11.79 433.21 North Gower 2.50 11.50 422.552.43 11.92 437.99 Huron FOB 2.40 11.40 418.882.45 11.94 438.72 Kent FOB 2.40 11.40 418.882.40 11.89 436.88 Lambton FOB 2.20 11.20 411.532.55 12.04 442.39 Middlesex FOB2.23 2.39 2.46 2.53 11.23 412.632.53 12.02 441.66 PROCESSORS Windsor 2.73 N/A N/A N/A 11.73 431.002.90 12.39 455.25 TRANSFER Hamilton 2.70 11.70 429.902.80 12.29 451.58 Prescott N/A 2.90 12.39 455.25 Toledo El. -0.51 8.49 311.94-0.40 9.09 333.91 Exchange rate was 1.3431 down 0.0031 Chicago wheat closed moderately lower. MAR19 HI 5.33 JUL19 HI 5.45 3/4 LOW 5.21 1/2 LOW 5.36 CLOSE 5.22 1/2 Down 10 1/4 CLOSE 5.37 Down 8 3/4 Minni wheat closed moderately lower. MAR19 HI 5.75 3/4 SEP19 HI 5.95 3/4 LOW 5.68 LOW 5.89 CLOSE 5.68 1/2 Down 8 1/4 CLOSE 5.89 Down 8 GFO Cash Wheat Prices - DEL Terminal Harvest 18 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.32 1.52 1.32 0.81 CAD $/bu 6.55 6.75 6.55 6.49 CAD $/tonne 240.58 247.98 240.58 238.61 Direct MarkHarvest 2018 Harvest 2019 DELIVERED BASIS DELIVERED BASIS Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M) ELEVATORS Brgssvll N/A N/A 1.40 N/A N/A N/A 1.25 N/A London 1.59 1.46 1.33 N/A 1.63 1.50 1.23 N/A Hensall 1.60 N/A 1.40 N/A 1.60 N/A 1.25 N/A Trenton N/A N/A N/A N/A N/A N/A 1.25 N/A Bruce 1.30 1.50 1.30 1.00 1.25 1.45 1.20 0.90 Essex N/A N/A 1.30 N/A N/A N/A 1.20 N/A Norwich 1.60 N/A 1.40 N/A 1.60 N/A 1.25 N/A Port Hope N/A N/A 1.40 N/A N/A 1.35 1.25 N/A Kent Bridge 1.60 N/A 1.40 N/A 1.60 N/A 1.25 N/A Chatham N/A N/A 1.30 N/A N/A N/A 1.20 N/A Brigden N/A N/A 1.30 N/A N/A N/A 1.20 N/A Palmerston N/A 1.50 1.20 0.80 N/A 1.45 1.10 0.80 Varna 1.60 1.60 1.40 N/A 1.35 1.50 1.25 N/A Mitchell 1.60 1.40 1.40 N/A 1.60 1.40 1.25 N/A Thornton N/A N/A N/A 0.74 N/A N/A N/A N/A North Gower N/A 1.30 1.13 0.64 N/A 1.34 1.28 0.55 W O Feed 1.92 PROCESSORS Toledo FM N/A N/A 1.99 N/A N/A N/A 1.97 N/A Toledo El. 5.18US 6.95CA 5.22US 7.00CA GFO Contract Wheat Prices - DEL Terminal Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M) Basis 1.36 1.43 1.36 0.74 CAD $/bu 6.73 6.80 6.73 6.63 CAD $/tonne 247.44 249.90 247.44 243.50 (C)-Basis over the Chicago Board of Trade futures (M)-Basis over the Minneapolis Grain Exchange FEED GRAINS FOB Hm Soymeal 492.52 DDG's FOB Srn & Aylm 150.00 - 165.00