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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 2</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3563 down 0.0056</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.77 3/4 DEC19 HI 3.99</u></div>
<div><u> LOW 3.74 LOW 3.96 1/4</u></div>
<div><u> CLOSE3.75 3/4 Up 3/4 CLOSE 3.98 1/4 Up 3/4</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+MAY19+MAY19</u></div>
<div><u>CK Low 0.95 4.71 185.33 0.90 4.88 192.22</u></div>
<div><u>CK High 0.95 4.71 185.33 0.90 4.88 192.22</u></div>
<div><u>CK Avg 0.95 -0.29 4.71 185.33 0.90 -0.37 4.88 192.22</u></div>
<div><u>Essex Cty 0.95 4.71 185.33 0.90 4.88 192.22</u></div>
<div><u>Mdsx Low 0.95 4.71 185.33 0.90 4.88 192.22</u></div>
<div><u>Mdsx High 0.95 4.71 185.33 0.90 4.88 192.22</u></div>
<div><u>Mdsx Avg 0.95 -0.29 4.71 185.33 0.90 -0.37 4.88 192.22</u></div>
<div><u>Hensall 0.95 4.71 185.33 0.90 4.88 192.22</u></div>
<div><u>Bruce 0.95 4.71 185.33 0.90 4.88 192.22</u></div>
<div><u>Putnam 0.95 4.71 185.33 0.90 4.88 192.22</u></div>
<div><u>Burford 0.95 4.71 185.33 0.90 4.88 192.22</u></div>
<div><u>Port Perry 0.95 4.71 185.33 0.90 4.88 192.22</u></div>
<div><u>Norfolk 0.95 4.71 185.33 0.90 4.88 192.22</u></div>
<div><u>Palmerston 1.00 4.76 187.29 0.90 4.88 192.22</u></div>
<div><u>Varna 0.95 4.71 185.33 0.90 4.88 192.22</u></div>
<div><u>Trenton 0.95 4.71 185.33 0.90 4.88 192.22</u></div>
<div><u>Winchester 1.20 4.96 195.17 1.15 5.13 202.06</u></div>
<div><u>North Gower 1.15 4.91 193.20 1.12 5.10 200.88</u></div>
<div><u>Huron FOB 1.30 5.06 199.10 0.90 4.88 192.22</u></div>
<div><u>Kent FOB 1.28 5.04 198.32 0.90 4.88 192.22</u></div>
<div><u>Lamb FOB 1.45 5.21 205.01 1.00 4.98 196.15</u></div>
<div><u>Mdsx FOB 1.30 1.35 1.35N/A 5.06 199.10 0.95 4.93 194.18</u></div>
<div><u>FOB SW Que 1.60 5.36 210.92N/A</u></div>
<div><u>Track 1.40 5.16 203.04N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.53 1.08 5.06 199.30</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.15 5.13 202.06</u></div>
<div><u>Aylmer-Eth N/A 1.55 1.50 1.55 1.15 5.13 202.06</u></div>
<div><u>Sarn-Eth 1.30 1.35N/A N/A 5.06 199.10N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing N/A 1.55 1.52 1.57 1.20 5.18 204.03</u></div>
<div><u>Pt.Colb-Ing N/A N/A 1.29N/A N/A</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.30 5.28 207.96</u></div>
<div><u>W O Feed 1.72 5.48 215.56</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.97 5.73 225.48</u></div>
<div><u>Toledo El. -0.16 3.59 141.52 -0.27 3.71 146.13</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.95 4.70 3/4</u></div>
<div><u>HI SD CRN 0.95 4.70 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3563 down 0.0056</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 9.10 1/2 NOV19 HI 9.47 1/2</u></div>
<div><u> LOW 8.93 LOW 9.34 1/4</u></div>
<div><u> CLOSE9.07 Up 12 CLOSE 9.43 3/4 Up 8 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+MAY19</u></div>
<div><u>CK Low 2.28 11.35 417.042.50 11.94 438.63</u></div>
<div><u>CK High 2.30 11.37 417.782.51 11.95 439.00</u></div>
<div><u>CK Average 2.30 -0.6911.37 417.632.50 -0.6111.94 438.70</u></div>
<div><u>Essex Cty 2.30 11.37 417.782.60 12.04 442.30</u></div>
<div><u>Mdsx Low 2.30 11.37 417.782.50 11.94 438.63</u></div>
<div><u>Mdsx High 2.32 11.39 418.512.55 11.99 440.47</u></div>
<div><u>Mdsx Average 2.31 -0.6811.38 418.142.53 -0.6011.96 439.55</u></div>
<div><u>Hensall 2.30 11.37 417.782.50 11.94 438.63</u></div>
<div><u>Bruce 2.30 11.37 417.782.50 11.94 438.63</u></div>
<div><u>Putnam 2.30 11.37 417.782.50 11.94 438.63</u></div>
<div><u>Burford 2.32 11.39 418.512.55 11.99 440.47</u></div>
<div><u>Port Perry 2.28 11.35 417.042.51 11.95 439.00</u></div>
<div><u>Norfolk 2.30 11.37 417.782.50 11.94 438.63</u></div>
<div><u>Palmerston 2.33 11.40 418.882.60 12.04 442.30</u></div>
<div><u>Varna 2.30 11.37 417.782.50 11.94 438.63</u></div>
<div><u>Trenton 2.30 11.37 417.782.50 11.94 438.63</u></div>
<div><u>Winchester 2.34 11.41 419.252.51 11.95 439.00</u></div>
<div><u>North Gower 2.37 11.44 420.352.43 11.87 436.06</u></div>
<div><u>Huron FOB 2.40 11.47 421.452.55 11.99 440.47</u></div>
<div><u>Kent FOB 2.55 11.62 426.962.50 11.94 438.63</u></div>
<div><u>Lambton FOB 2.25 11.32 415.942.60 12.04 442.30</u></div>
<div><u>Middlesex FOB2.44 2.44 2.67 2.62 11.51 422.922.67 12.11 444.87</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.88 N/A N/A N/A 11.95 439.092.98 12.42 456.27</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.70 11.77 432.472.95 12.39 455.16</u></div>
<div><u>Prescott N/A 2.90 12.34 453.33</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.61 8.46 310.84-0.41 9.03 331.85</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3563 down 0.0056</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR19 HI 5.10 3/4 JUL19 HI 5.23</u></div>
<div><u> LOW 5.01 1/4 LOW 5.17</u></div>
<div><u> CLOSE 5.06 3/4 Up 3 1/2 CLOSE 5.20 1/4 Up 1 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR19 HI 5.56 1/4 SEP19 HI 5.76</u></div>
<div><u> LOW 5.46 1/4 LOW 5.71 1/4</u></div>
<div><u> CLOSE 5.54 Up 5 CLOSE 5.75 Up 5 1/4</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 1.47 1.60 1.47 0.82</u></div>
<div><u>CAD $/bu 6.53 6.67 6.53 6.36</u></div>
<div><u>CAD $/tonne 240.08 245.07 240.08 233.73</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 1.45 N/A N/A N/A 1.35 N/A</u></div>
<div><u>London 1.62 1.49 1.42 N/A 1.67 1.53 1.26 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 1.35 N/A</u></div>
<div><u>Bruce 1.45 1.60 1.40 1.10 1.35 1.50 1.30 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 1.40 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 1.30 0.80 N/A 1.45 1.10 0.80</u></div>
<div><u>Varna 1.60 1.60 1.40 N/A 1.40 1.50 1.30 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 0.76 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.30 1.13 0.64 N/A 1.37 1.31 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 1.97 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.02US 6.81CA 5.05US 6.84CA</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 1.36 1.43 1.36 0.75</u></div>
<div><u>CAD $/bu 6.57 6.63 6.57 6.50</u></div>
<div><u>CAD $/tonne 241.27 243.76 241.27 238.66</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 491.64</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" id="LPlnk670974" class="OWAAutoLink" previewremoved="true" style=""><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" id="LPlnk565489" class="OWAAutoLink" previewremoved="true" style=""><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;
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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<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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