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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 3</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3455 down 0.0108</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.80 1/2 DEC19 HI 4.01 1/4</u></div>
<div><u> LOW 3.74 3/4 LOW 3.97</u></div>
<div><u> CLOSE3.79 3/4 Up 4 CLOSE 4.01 Up 2 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 4.75 186.90 0.90 4.91 193.30</u></div>
<div><u>CK High 1.00 4.80 188.87 0.90 4.91 193.30</u></div>
<div><u>CK Avg 0.96 -0.26 4.76 187.29 0.90 -0.35 4.91 193.30</u></div>
<div><u>Essex Cty 1.00 4.80 188.87 0.90 4.91 193.30</u></div>
<div><u>Mdsx Low 0.95 4.75 186.90 0.90 4.91 193.30</u></div>
<div><u>Mdsx High 0.95 4.75 186.90 0.90 4.91 193.30</u></div>
<div><u>Mdsx Avg 0.95 -0.27 4.75 186.90 0.90 -0.35 4.91 193.30</u></div>
<div><u>Hensall 0.95 4.75 186.90 0.90 4.91 193.30</u></div>
<div><u>Bruce 0.95 4.75 186.90 0.90 4.91 193.30</u></div>
<div><u>Putnam 0.95 4.75 186.90 0.90 4.91 193.30</u></div>
<div><u>Burford 0.95 4.75 186.90 0.90 4.91 193.30</u></div>
<div><u>Port Perry 0.95 4.75 186.90 0.90 4.91 193.30</u></div>
<div><u>Norfolk 1.00 4.80 188.87 0.90 4.91 193.30</u></div>
<div><u>Palmerston 1.00 4.80 188.87 0.90 4.91 193.30</u></div>
<div><u>Varna 0.95 4.75 186.90 0.90 4.91 193.30</u></div>
<div><u>Trenton 0.95 4.75 186.90 0.90 4.91 193.30</u></div>
<div><u>Winchester 1.20 5.00 196.74 1.15 5.16 203.14</u></div>
<div><u>North Gower 1.15 4.95 194.77 1.12 5.13 201.96</u></div>
<div><u>Huron FOB 1.27 5.07 199.50 0.90 4.91 193.30</u></div>
<div><u>Kent FOB 1.28 5.08 199.89 0.90 4.91 193.30</u></div>
<div><u>Lamb FOB 1.45 5.25 206.58 1.00 5.01 197.23</u></div>
<div><u>Mdsx FOB 1.30 1.35 1.35N/A 5.10 200.68 0.95 4.96 195.27</u></div>
<div><u>FOB SW Que 1.60 5.40 212.49N/A</u></div>
<div><u>Track 1.40 5.20 204.62N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.53 1.08 5.09 200.38</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.15 5.16 203.14</u></div>
<div><u>Aylmer-Eth N/A 1.55 1.50 1.55 1.15 5.16 203.14</u></div>
<div><u>Sarn-Eth 1.30 1.35N/A N/A 5.10 200.68N/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 5.21 205.11</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 5.31 209.05</u></div>
<div><u>W O Feed 1.72 5.52 217.14</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.97 5.77 227.06</u></div>
<div><u>Toledo El. -0.16 3.64 143.14 -0.27 3.74 147.29</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.97 1/2 4.77 1/4</u></div>
<div><u>HI SD CRN 1.00 4.79 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 1.3455 down 0.0108</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 9.13 1/2 NOV19 HI 9.49 1/2</u></div>
<div><u> LOW 9.04 1/4 LOW 9.41 1/4</u></div>
<div><u> CLOSE9.12 3/4 Up 5 3/4 CLOSE 9.48 1/2 Up 4 3/4</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 +MAR1+MAR1+MAY19</u></div>
<div><u>CK Low 2.24 11.37 417.682.38 11.87 435.96</u></div>
<div><u>CK High 2.30 11.43 419.892.50 11.99 440.37</u></div>
<div><u>CK Average 2.29 -0.6411.42 419.452.48 -0.5811.96 439.49</u></div>
<div><u>Essex Cty 2.30 11.43 419.892.60 12.09 444.05</u></div>
<div><u>Mdsx Low 2.28 11.41 419.152.42 11.91 437.43</u></div>
<div><u>Mdsx High 2.30 11.43 419.892.50 11.99 440.37</u></div>
<div><u>Mdsx Average 2.29 -0.6411.42 419.522.46 -0.5911.95 438.90</u></div>
<div><u>Hensall 2.30 11.43 419.892.48 11.96 439.45</u></div>
<div><u>Bruce 2.30 11.43 419.892.50 11.99 440.37</u></div>
<div><u>Putnam 2.30 11.43 419.892.50 11.99 440.37</u></div>
<div><u>Burford 2.28 11.41 419.152.42 11.91 437.43</u></div>
<div><u>Port Perry 2.24 11.37 417.682.38 11.87 435.96</u></div>
<div><u>Norfolk 2.30 11.43 419.892.50 11.99 440.37</u></div>
<div><u>Palmerston 2.33 11.46 420.992.60 12.09 444.05</u></div>
<div><u>Varna 2.30 11.43 419.892.50 11.99 440.37</u></div>
<div><u>Trenton 2.30 11.43 419.892.50 11.99 440.37</u></div>
<div><u>Winchester 2.31 11.44 420.262.53 12.02 441.48</u></div>
<div><u>North Gower 2.40 11.53 423.562.45 11.94 438.54</u></div>
<div><u>Huron FOB 2.40 11.53 423.562.55 12.04 442.21</u></div>
<div><u>Kent FOB 2.55 11.68 429.072.50 11.99 440.37</u></div>
<div><u>Lambton FOB 2.25 11.38 418.052.60 12.09 444.05</u></div>
<div><u>Middlesex FOB2.22 2.48 2.55 2.60 11.35 416.952.54 12.03 441.84</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.70 N/A N/A N/A 11.83 434.592.89 12.38 454.70</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.70 11.83 434.592.95 12.44 456.91</u></div>
<div><u>Prescott N/A 2.90 12.39 455.07</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.61 8.52 313.13-0.40 9.08 333.71</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3455 down 0.0108</u></div>
<div><u>Chicago wheat closed slightly to moderately higher.</u></div>
<div><u>MAR19 HI 5.16 JUL19 HI 5.28 1/4</u></div>
<div><u> LOW 5.06 LOW 5.20</u></div>
<div><u> CLOSE 5.13 3/4 Up 7 CLOSE 5.27 Up 6 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>MAR19 HI 5.67 SEP19 HI 5.85 3/4</u></div>
<div><u> LOW 5.54 3/4 LOW 5.79 1/2</u></div>
<div><u> CLOSE 5.65 1/4 Up 11 1/4 CLOSE 5.84 3/4 Up 9 3/4</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 1.44 1.57 1.44 0.81</u></div>
<div><u>CAD $/bu 6.58 6.71 6.58 6.46</u></div>
<div><u>CAD $/tonne 241.64 246.58 241.64 237.43</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 1.55 1.42 1.35 N/A 1.58 1.44 1.18 N/A</u></div>
<div><u>Hensall 1.65 N/A 1.40 N/A 1.70 N/A 1.30 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 1.65 N/A 1.40 N/A 1.70 N/A 1.30 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 1.65 N/A 1.40 N/A 1.70 N/A 1.30 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 1.65 1.40 1.40 N/A 1.70 1.45 1.30 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.66 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.40 1.25 0.64 N/A 1.40 1.35 0.62</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 1.98 N/A N/A N/A 1.94 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.09US 6.85CA 5.12US 6.88CA</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 1.34 1.41 1.34 0.73</u></div>
<div><u>CAD $/bu 6.61 6.68 6.61 6.58</u></div>
<div><u>CAD $/tonne 242.82 245.29 242.82 241.71</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 497.92</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="LPlnk641005" 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="LPlnk2761" 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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