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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, December 28</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3608 down 0.0006</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.77 1/2 DEC19 HI 3.99 1/4</u></div>
<div><u> LOW 3.74 1/2 LOW 3.96 1/4</u></div>
<div><u> CLOSE3.75 1/2 Up 1 CLOSE 3.97 1/2 Up 1 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 0.95 4.71 185.23 0.85 4.83 189.95</u></div>
<div><u>CK High 0.95 4.71 185.23 0.90 4.88 191.92</u></div>
<div><u>CK Avg 0.95 -0.30 4.71 185.23 0.87 -0.41 4.85 190.74</u></div>
<div><u>Essex Cty 0.95 4.71 185.23 0.90 4.88 191.92</u></div>
<div><u>Mdsx Low 0.95 4.71 185.23 0.85 4.83 189.95</u></div>
<div><u>Mdsx High 0.95 4.71 185.23 0.90 4.88 191.92</u></div>
<div><u>Mdsx Avg 0.95 -0.30 4.71 185.23 0.88 -0.41 4.85 190.94</u></div>
<div><u>Hensall 0.95 4.71 185.23 0.88 4.85 190.94</u></div>
<div><u>Bruce 0.95 4.71 185.23 0.90 4.88 191.92</u></div>
<div><u>Putnam 0.95 4.71 185.23 0.85 4.83 189.95</u></div>
<div><u>Burford 0.95 4.71 185.23 0.90 4.88 191.92</u></div>
<div><u>Port Perry 0.95 4.71 185.23 0.90 4.88 191.92</u></div>
<div><u>Norfolk 0.95 4.71 185.23 0.90 4.88 191.92</u></div>
<div><u>Palmerston 0.90 4.66 183.26 0.85 4.83 189.95</u></div>
<div><u>Varna 0.95 4.71 185.23 0.85 4.83 189.95</u></div>
<div><u>Trenton 0.95 4.71 185.23 0.85 4.83 189.95</u></div>
<div><u>Winchester 1.20 4.96 195.07 1.15 5.13 201.76</u></div>
<div><u>North Gower 1.15 4.91 193.10 1.12 5.10 200.58</u></div>
<div><u>Huron FOB 1.30 5.06 199.01 0.90 4.88 191.92</u></div>
<div><u>Kent FOB 1.25 5.01 197.04 0.90 4.88 191.92</u></div>
<div><u>Lamb FOB 1.20 4.96 195.07 1.00 4.98 195.86</u></div>
<div><u>Mdsx FOB 1.30N/A N/A N/A 5.06 199.01 0.95 4.93 193.89</u></div>
<div><u>FOB SW Que 1.60 5.36 210.82N/A</u></div>
<div><u>Track 1.38 5.13 201.96N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.08 5.06 199.01</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.15 5.13 201.76</u></div>
<div><u>Aylmer-Eth N/A N/A 1.55 1.50 1.15 5.13 201.76</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 1.15 5.13 201.76</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 5.28 207.67</u></div>
<div><u>W O Feed 1.71 5.46 215.07</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.97 5.73 225.38</u></div>
<div><u>Toledo El. -0.16 3.59 141.40 -0.27 3.70 145.79</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.95 4.70 1/2</u></div>
<div><u>HI SD CRN 0.95 4.70 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 1.3608 down 0.0006</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 8.99 3/4 NOV19 HI 9.39 3/4</u></div>
<div><u> LOW 8.83 1/4 LOW 9.26</u></div>
<div><u> CLOSE8.95 1/2 Up 13 CLOSE 9.35 3/4 Up 10 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 +MAR1+MAR1+MAR19</u></div>
<div><u>CK Low 2.24 11.20 411.352.45 11.81 433.85</u></div>
<div><u>CK High 2.30 11.26 413.552.50 11.86 435.69</u></div>
<div><u>CK Average 2.27 -0.7111.22 412.372.48 -0.6511.84 434.95</u></div>
<div><u>Essex Cty 2.25 11.21 411.712.50 11.86 435.69</u></div>
<div><u>Mdsx Low 2.28 11.24 412.822.49 11.85 435.32</u></div>
<div><u>Mdsx High 2.30 11.26 413.552.50 11.86 435.69</u></div>
<div><u>Mdsx Average 2.29 -0.6911.25 413.182.50 -0.6311.85 435.50</u></div>
<div><u>Hensall 2.28 11.23 412.632.48 11.83 434.77</u></div>
<div><u>Bruce 2.25 11.21 411.712.45 11.81 433.85</u></div>
<div><u>Putnam 2.30 11.26 413.552.50 11.86 435.69</u></div>
<div><u>Burford 2.28 11.24 412.822.49 11.85 435.32</u></div>
<div><u>Port Perry 2.24 11.20 411.352.45 11.81 433.85</u></div>
<div><u>Norfolk 2.25 11.21 411.712.45 11.81 433.85</u></div>
<div><u>Palmerston 2.22 11.18 410.612.35 11.71 430.18</u></div>
<div><u>Varna 2.25 11.21 411.712.45 11.81 433.85</u></div>
<div><u>Trenton 2.25 11.21 411.712.40 11.76 432.01</u></div>
<div><u>Winchester 2.20 11.16 409.882.46 11.82 434.22</u></div>
<div><u>North Gower 2.37 11.33 416.122.43 11.79 433.12</u></div>
<div><u>Huron FOB 2.35 11.31 415.392.55 11.91 437.53</u></div>
<div><u>Kent FOB 2.35 11.31 415.392.45 11.81 433.85</u></div>
<div><u>Lambton FOB 2.25 11.21 411.712.55 11.91 437.53</u></div>
<div><u>Middlesex FOB2.17 2.36 2.58 2.64 11.13 408.772.58 11.94 438.63</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.88 N/A N/A N/A 11.84 434.862.99 12.35 453.69</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.65 11.61 426.412.85 12.21 448.55</u></div>
<div><u>Prescott N/A 2.90 12.26 450.39</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.61 8.34 306.54-0.41 8.95 328.85</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3608 down 0.0006</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR19 HI 5.14 JUL19 HI 5.28 1/4</u></div>
<div><u> LOW 5.09 1/2 LOW 5.24 3/4</u></div>
<div><u> CLOSE 5.11 1/2 Up 1 CLOSE 5.26 1/4 Up 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR19 HI 5.57 1/4 SEP19 HI 5.78</u></div>
<div><u> LOW 5.49 LOW 5.70 1/4</u></div>
<div><u> CLOSE 5.50 1/2 Down 1 3/4 CLOSE 5.71 3/4 Down 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 0.83</u></div>
<div><u>CAD $/bu 6.48 6.69 6.48 6.33</u></div>
<div><u>CAD $/tonne 238.26 245.76 238.26 232.76</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 1.30 N/A</u></div>
<div><u>London 1.63 1.50 1.43 N/A 1.65 1.52 1.25 N/A</u></div>
<div><u>Hensall 1.70 N/A 1.45 N/A 1.75 N/A 1.35 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 1.50 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 1.70 N/A 1.45 N/A 1.75 N/A 1.35 N/A</u></div>
<div><u>Port Hope N/A N/A 1.45 N/A N/A 1.35 1.35 N/A</u></div>
<div><u>Kent Bridge 1.70 N/A 1.45 N/A 1.75 N/A 1.35 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 1.70 1.45 1.45 N/A 1.75 1.50 1.35 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 1.91</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 2.02 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.07US 6.89CA 5.11US 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 1.41 1.48 1.41 0.76</u></div>
<div><u>CAD $/bu 6.68 6.74 6.68 6.48</u></div>
<div><u>CAD $/tonne 245.27 247.76 245.27 238.03</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 493.73</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="LPlnk691164" 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="LPlnk903471" 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);">Grain Farmers of Ontario<u><o:p></o:p></u></span></span></p>
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