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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 26</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3551 down 0.0033</u></div>
<div><u>Chicago corn closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.79 1/4 DEC19 HI 3.99 1/2</u></div>
<div><u> LOW 3.72 1/2 LOW 3.94 1/2</u></div>
<div><u> CLOSE3.73 1/4 Down 4 1/2 CLOSE 3.95 3/4 Down 3</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 4.68 184.34 0.85 4.81 189.26</u></div>
<div><u>CK High 0.95 4.68 184.34 0.90 4.86 191.23</u></div>
<div><u>CK Avg 0.95 -0.28 4.68 184.34 0.86 -0.40 4.82 189.66</u></div>
<div><u>Essex Cty 0.95 4.68 184.34 0.85 4.81 189.26</u></div>
<div><u>Mdsx Low 0.95 4.68 184.34 0.85 4.81 189.26</u></div>
<div><u>Mdsx High 0.95 4.68 184.34 0.90 4.86 191.23</u></div>
<div><u>Mdsx Avg 0.95 -0.28 4.68 184.34 0.88 -0.39 4.83 190.25</u></div>
<div><u>Hensall 0.95 4.68 184.34 0.85 4.81 189.26</u></div>
<div><u>Bruce 0.95 4.68 184.34 0.85 4.81 189.26</u></div>
<div><u>Putnam 0.95 4.68 184.34 0.85 4.81 189.26</u></div>
<div><u>Burford 0.95 4.68 184.34 0.90 4.86 191.23</u></div>
<div><u>Port Perry 0.95 4.68 184.34 0.90 4.86 191.23</u></div>
<div><u>Norfolk 0.95 4.68 184.34 0.85 4.81 189.26</u></div>
<div><u>Palmerston 0.90 4.63 182.37 0.85 4.81 189.26</u></div>
<div><u>Varna 0.95 4.68 184.34 0.85 4.81 189.26</u></div>
<div><u>Trenton 0.95 4.68 184.34 0.85 4.81 189.26</u></div>
<div><u>Winchester 1.20 4.93 194.18 1.15 5.11 201.07</u></div>
<div><u>North Gower 1.15 4.88 192.22 1.12 5.08 199.89</u></div>
<div><u>Huron FOB 1.25 4.98 196.15 0.90 4.86 191.23</u></div>
<div><u>Kent FOB 1.25 4.98 196.15 0.90 4.86 191.23</u></div>
<div><u>Lamb FOB 1.20 4.93 194.18 0.95 4.91 193.20</u></div>
<div><u>Mdsx FOB 1.30N/A N/A N/A 5.03 198.12 0.95 4.91 193.20</u></div>
<div><u>FOB SW Que 1.60 5.33 209.93N/A</u></div>
<div><u>Track 1.38 5.11 201.07N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.51 1.45 1.14 5.10 200.68</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.56 1.28 5.24 206.19</u></div>
<div><u>Aylmer-Eth N/A N/A 1.55 1.50 1.15 5.11 201.07</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 5.06 199.10</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 5.26 206.98</u></div>
<div><u>W O Feed 1.67 5.40 212.53</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.80 5.53 217.80</u></div>
<div><u>Toledo El. -0.16 3.57 140.54 -0.27 3.69 145.15</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.95 4.68 1/4</u></div>
<div><u>HI SD CRN 0.95 4.68 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3551 down 0.0033</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> JAN19 HI 8.88 3/4 NOV19 HI 9.41</u></div>
<div><u> LOW 8.69 1/2 LOW 9.25</u></div>
<div><u> CLOSE8.70 Down 14 CLOSE 9.25 3/4 Down 11 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 2.25 10.95 402.342.40 11.66 428.34</u></div>
<div><u>CK High 2.35 11.05 406.022.45 11.71 430.18</u></div>
<div><u>CK Average 2.30 -0.5811.00 404.182.42 -0.6311.68 429.00</u></div>
<div><u>Essex Cty 2.35 11.05 406.022.50 11.76 432.01</u></div>
<div><u>Mdsx Low 2.29 10.99 403.812.40 11.66 428.34</u></div>
<div><u>Mdsx High 2.30 11.00 404.182.48 11.74 431.28</u></div>
<div><u>Mdsx Average 2.30 -0.5911.00 404.002.44 -0.6111.70 429.81</u></div>
<div><u>Hensall 2.33 11.03 405.102.43 11.68 429.26</u></div>
<div><u>Bruce 2.30 11.00 404.182.40 11.66 428.34</u></div>
<div><u>Putnam 2.30 11.00 404.182.40 11.66 428.34</u></div>
<div><u>Burford 2.29 10.99 403.812.48 11.74 431.28</u></div>
<div><u>Port Perry 2.25 10.95 402.342.44 11.70 429.81</u></div>
<div><u>Norfolk 2.35 11.05 406.022.45 11.71 430.18</u></div>
<div><u>Palmerston 2.35 11.05 406.022.35 11.61 426.50</u></div>
<div><u>Varna 2.35 11.05 406.022.45 11.71 430.18</u></div>
<div><u>Trenton 2.30 11.00 404.182.40 11.66 428.34</u></div>
<div><u>Winchester 2.33 11.03 405.282.46 11.72 430.54</u></div>
<div><u>North Gower 2.50 11.20 411.532.43 11.69 429.44</u></div>
<div><u>Huron FOB 2.50 11.20 411.532.55 11.81 433.85</u></div>
<div><u>Kent FOB 2.45 11.15 409.692.45 11.71 430.18</u></div>
<div><u>Lambton FOB 2.20 10.90 400.512.55 11.81 433.85</u></div>
<div><u>Middlesex FOB2.24 2.45 2.56 2.61 10.94 401.982.57 11.83 434.59</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.70 N/A N/A N/A 11.40 418.882.90 12.16 446.71</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.75 11.45 420.722.85 12.11 444.87</u></div>
<div><u>Prescott N/A 2.90 12.16 446.71</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.47 8.23 302.24-0.41 8.85 325.24</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3551 down 0.0033</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>MAR19 HI 5.20 3/4 JUL19 HI 5.35 1/2</u></div>
<div><u> LOW 5.09 LOW 5.24 1/2</u></div>
<div><u> CLOSE 5.10 Down 6 1/2 CLOSE 5.25 3/4 Down 6 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower to lower.</u></div>
<div><u>MAR19 HI 5.64 1/2 SEP19 HI 5.84 1/2</u></div>
<div><u> LOW 5.48 LOW 5.70 1/4</u></div>
<div><u> CLOSE 5.49 1/4 Down 12 1/4 CLOSE 5.71 1/4 Down 10 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 1.34 1.54 1.34 0.80</u></div>
<div><u>CAD $/bu 6.44 6.64 6.44 6.29</u></div>
<div><u>CAD $/tonne 236.51 243.98 236.51 231.16</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 1.62 1.49 1.42 N/A 1.66 1.52 1.25 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 0.85 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 2.01 N/A N/A N/A 1.99 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.05US 6.84CA 5.11US 6.91CA</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 1.38 1.45 1.38 0.73</u></div>
<div><u>CAD $/bu 6.64 6.71 6.64 6.44</u></div>
<div><u>CAD $/tonne 243.99 246.47 243.99 236.78</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 487.67</u></div>
<div><u>DDG's FOB Srn & Aylm 160.00 - 165.00</u></div>
<div><u><br>
</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);">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="LPlnk357284" 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="LPlnk336753" 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;
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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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