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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, December 21</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3562 up 0.0097</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.79 1/2 DEC19 HI 4.00</u></div>
<div><u> LOW 3.74 3/4 LOW 3.96 3/4</u></div>
<div><u> CLOSE3.78 1/2 Up 3 1/4 CLOSE 3.99 1/4 Up 2 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 0.95 4.74 186.41 0.85 4.84 190.64</u></div>
<div><u>CK High 0.95 4.74 186.41 0.90 4.89 192.61</u></div>
<div><u>CK Avg 0.95 -0.29 4.74 186.41 0.86 -0.41 4.85 191.03</u></div>
<div><u>Essex Cty 0.95 4.74 186.41 0.85 4.84 190.64</u></div>
<div><u>Mdsx Low 0.95 4.74 186.41 0.85 4.84 190.64</u></div>
<div><u>Mdsx High 0.95 4.74 186.41 0.90 4.89 192.61</u></div>
<div><u>Mdsx Avg 0.95 -0.29 4.74 186.41 0.88 -0.40 4.87 191.63</u></div>
<div><u>Hensall 0.95 4.74 186.41 0.85 4.84 190.64</u></div>
<div><u>Bruce 0.95 4.74 186.41 0.85 4.84 190.64</u></div>
<div><u>Putnam 0.95 4.74 186.41 0.85 4.84 190.64</u></div>
<div><u>Burford 0.95 4.74 186.41 0.90 4.89 192.61</u></div>
<div><u>Port Perry 0.95 4.74 186.41 0.90 4.89 192.61</u></div>
<div><u>Norfolk 0.95 4.74 186.41 0.85 4.84 190.64</u></div>
<div><u>Palmerston 0.90 4.69 184.44 0.85 4.84 190.64</u></div>
<div><u>Varna 0.95 4.74 186.41 0.85 4.84 190.64</u></div>
<div><u>Trenton 0.95 4.74 186.41 0.85 4.84 190.64</u></div>
<div><u>Winchester 1.20 4.99 196.25 1.15 5.14 202.45</u></div>
<div><u>North Gower 1.15 4.94 194.28 1.12 5.11 201.27</u></div>
<div><u>Huron FOB 1.25 5.04 198.22 0.90 4.89 192.61</u></div>
<div><u>Kent FOB 1.25 5.04 198.22 0.90 4.89 192.61</u></div>
<div><u>Lamb FOB 1.20 4.99 196.25 0.95 4.94 194.58</u></div>
<div><u>Mdsx FOB 1.30N/A N/A N/A 5.09 200.19 0.95 4.94 194.58</u></div>
<div><u>FOB SW Que 1.60 5.39 212.00N/A</u></div>
<div><u>Track 1.38 5.16 203.14N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.51 1.45 1.14 5.13 202.06</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.56 1.28 5.27 207.57</u></div>
<div><u>Aylmer-Eth N/A N/A 1.50 1.45 1.10 5.09 200.48</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 N/A 1.55 1.50 1.10 5.09 200.48</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 1.30 5.29 208.36</u></div>
<div><u>W O Feed 1.67 5.45 214.60</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.80 5.59 219.87</u></div>
<div><u>Toledo El. -0.19 3.60 141.53 -0.27 3.72 146.52</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.95 4.73 1/2</u></div>
<div><u>HI SD CRN 0.95 4.73 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 1.3562 up 0.0097</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JAN19 HI 8.94 3/4 NOV19 HI 9.44 1/4</u></div>
<div><u> LOW 8.83 1/4 LOW 9.34 1/2</u></div>
<div><u> CLOSE8.84 3/4 Down 8 3/4 CLOSE 9.36 1/2 Down 6 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 2.24 11.09 407.402.40 11.77 432.29</u></div>
<div><u>CK High 2.30 11.15 409.602.42 11.79 433.02</u></div>
<div><u>CK Average 2.29 -0.6411.14 409.162.40 -0.6711.77 432.44</u></div>
<div><u>Essex Cty 2.30 11.15 409.602.45 11.82 434.13</u></div>
<div><u>Mdsx Low 2.28 11.13 408.872.40 11.77 432.29</u></div>
<div><u>Mdsx High 2.30 11.15 409.602.46 11.83 434.49</u></div>
<div><u>Mdsx Average 2.29 -0.6411.14 409.232.43 -0.6511.80 433.39</u></div>
<div><u>Hensall 2.30 11.15 409.602.40 11.77 432.29</u></div>
<div><u>Bruce 2.30 11.15 409.602.40 11.77 432.29</u></div>
<div><u>Putnam 2.30 11.15 409.602.40 11.77 432.29</u></div>
<div><u>Burford 2.28 11.13 408.872.46 11.83 434.49</u></div>
<div><u>Port Perry 2.24 11.09 407.402.42 11.79 433.02</u></div>
<div><u>Norfolk 2.30 11.15 409.602.40 11.77 432.29</u></div>
<div><u>Palmerston 2.35 11.20 411.442.35 11.72 430.45</u></div>
<div><u>Varna 2.30 11.15 409.602.40 11.77 432.29</u></div>
<div><u>Trenton 2.30 11.15 409.602.40 11.77 432.29</u></div>
<div><u>Winchester 2.45 11.30 415.112.45 11.82 434.13</u></div>
<div><u>North Gower 2.50 11.35 416.952.43 11.80 433.39</u></div>
<div><u>Huron FOB 2.45 11.30 415.112.50 11.87 435.96</u></div>
<div><u>Kent FOB 2.40 11.25 413.272.40 11.77 432.29</u></div>
<div><u>Lambton FOB 2.20 11.05 405.932.55 11.92 437.80</u></div>
<div><u>Middlesex FOB2.24 2.44 2.56 2.61 11.09 407.402.55 11.92 437.80</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.76 N/A N/A N/A 11.61 426.502.94 12.31 452.13</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.70 11.55 424.302.80 12.17 446.99</u></div>
<div><u>Prescott N/A 2.90 12.27 450.66</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.47 8.37 307.65-0.41 8.96 329.18</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3562 up 0.0097</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>MAR19 HI 5.24 JUL19 HI 5.38 1/4</u></div>
<div><u> LOW 5.12 1/4 LOW 5.27 1/2</u></div>
<div><u> CLOSE 5.14 Down 9 1/2 CLOSE 5.28 3/4 Down 9 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>MAR19 HI 5.71 1/4 SEP19 HI 5.91 1/2</u></div>
<div><u> LOW 5.60 1/4 LOW 5.81</u></div>
<div><u> CLOSE 5.61 1/4 Down 6 3/4 CLOSE 5.81 1/2 Down 7 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 1.36 1.56 1.36 0.85</u></div>
<div><u>CAD $/bu 6.50 6.70 6.50 6.46</u></div>
<div><u>CAD $/tonne 238.70 246.17 238.70 237.33</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 1.61 1.47 1.40 N/A 1.64 1.51 1.24 N/A</u></div>
<div><u>Hensall 1.60 N/A 1.40 N/A 1.65 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 1.45 1.60 1.40 1.10 1.35 1.60 1.25 1.00</u></div>
<div><u>Essex N/A N/A 1.40 N/A N/A N/A 1.30 N/A</u></div>
<div><u>Norwich 1.60 N/A 1.40 N/A 1.65 N/A 1.25 N/A</u></div>
<div><u>Port Hope N/A N/A 1.40 N/A N/A 1.35 1.25 N/A</u></div>
<div><u>Kent Bridge 1.60 N/A 1.40 N/A 1.65 N/A 1.25 N/A</u></div>
<div><u>Chatham N/A N/A 1.40 N/A N/A N/A 1.30 N/A</u></div>
<div><u>Brigden N/A N/A 1.40 N/A N/A N/A 1.30 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 1.65 1.40 1.25 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.75 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.30 1.13 0.64 N/A 1.35 1.29 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 2.03 N/A N/A N/A 2.00 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.09US 6.90CA 5.14US 6.95CA</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 1.46 1.40 0.77</u></div>
<div><u>CAD $/bu 6.68 6.75 6.68 6.59</u></div>
<div><u>CAD $/tonne 245.56 248.05 245.56 241.96</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 490.10</u></div>
<div><u>DDG's FOB Srn & Aylm 160.00 - 165.00</u></div>
<div><u><br>
</u></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);"><br>
</span></p>
<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="LPlnk455509" 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>
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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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