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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 4</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3375 down 0.0080</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.83 1/2 DEC19 HI 4.04 1/4</u></div>
<div><u> LOW 3.79 3/4 LOW 4.00 1/4</u></div>
<div><u> CLOSE3.83 Up 3 1/4 CLOSE 4.04 Up 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+MAY19+MAY19</u></div>
<div><u>CK Low 0.95 4.78 188.18 0.90 4.94 194.48</u></div>
<div><u>CK High 1.00 4.83 190.15 0.90 4.94 194.48</u></div>
<div><u>CK Avg 0.96 -0.25 4.79 188.57 0.90 -0.34 4.94 194.48</u></div>
<div><u>Essex Cty 1.00 4.83 190.15 0.90 4.94 194.48</u></div>
<div><u>Mdsx Low 0.95 4.78 188.18 0.90 4.94 194.48</u></div>
<div><u>Mdsx High 0.95 4.78 188.18 0.90 4.94 194.48</u></div>
<div><u>Mdsx Avg 0.95 -0.26 4.78 188.18 0.90 -0.34 4.94 194.48</u></div>
<div><u>Hensall 0.98 4.81 189.16 0.90 4.94 194.48</u></div>
<div><u>Bruce 1.00 4.83 190.15 0.90 4.94 194.48</u></div>
<div><u>Putnam 0.95 4.78 188.18 0.90 4.94 194.48</u></div>
<div><u>Burford 0.95 4.78 188.18 0.90 4.94 194.48</u></div>
<div><u>Port Perry 0.95 4.78 188.18 0.90 4.94 194.48</u></div>
<div><u>Norfolk 1.00 4.83 190.15 0.90 4.94 194.48</u></div>
<div><u>Palmerston 1.00 4.83 190.15 0.90 4.94 194.48</u></div>
<div><u>Varna 0.95 4.78 188.18 0.90 4.94 194.48</u></div>
<div><u>Trenton 0.95 4.78 188.18 0.90 4.94 194.48</u></div>
<div><u>Winchester 1.20 5.03 198.02 1.15 5.19 204.32</u></div>
<div><u>North Gower 1.15 4.98 196.05 1.12 5.16 203.14</u></div>
<div><u>Huron FOB 1.27 5.10 200.78 0.90 4.94 194.48</u></div>
<div><u>Kent FOB 1.30 5.13 201.96 0.90 4.94 194.48</u></div>
<div><u>Lamb FOB 1.35 5.18 203.93 1.00 5.04 198.42</u></div>
<div><u>Mdsx FOB 1.30 1.35 1.35N/A 5.13 201.96 0.95 4.99 196.45</u></div>
<div><u>FOB SW Que 1.59 5.42 213.38N/A</u></div>
<div><u>Track 1.40 5.23 205.90N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.53 1.08 5.12 201.57</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.15 5.19 204.32</u></div>
<div><u>Aylmer-Eth N/A 1.55 1.50 1.55 1.15 5.19 204.32</u></div>
<div><u>Sarn-Eth 1.30 1.35N/A N/A 5.13 201.96N/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 5.24 206.29</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 5.34 210.23</u></div>
<div><u>W O Feed 1.72 5.55 218.42</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.97 5.80 228.34</u></div>
<div><u>Toledo El. -0.16 3.67 144.46 -0.27 3.77 148.54</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.97 1/2 4.80 1/2</u></div>
<div><u>HI SD CRN 1.00 4.83</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3375 down 0.0080</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 9.22 1/2 NOV19 HI 9.57 3/4</u></div>
<div><u> LOW 9.10 LOW 9.46 1/4</u></div>
<div><u> CLOSE9.21 1/2 Up 8 3/4 CLOSE 9.57 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 2.20 11.42 419.432.35 11.92 437.99</u></div>
<div><u>CK High 2.30 11.52 423.102.50 12.07 443.50</u></div>
<div><u>CK Average 2.22 -0.6611.44 420.242.41 -0.5911.98 440.19</u></div>
<div><u>Essex Cty 2.20 11.42 419.432.50 12.07 443.50</u></div>
<div><u>Mdsx Low 2.20 11.42 419.432.39 11.96 439.45</u></div>
<div><u>Mdsx High 2.25 11.47 421.272.40 11.97 439.82</u></div>
<div><u>Mdsx Average 2.23 -0.6611.44 420.352.40 -0.6011.97 439.64</u></div>
<div><u>Hensall 2.23 11.44 420.352.40 11.97 439.82</u></div>
<div><u>Bruce 2.25 11.47 421.272.40 11.97 439.82</u></div>
<div><u>Putnam 2.20 11.42 419.432.40 11.97 439.82</u></div>
<div><u>Burford 2.25 11.47 421.272.39 11.96 439.45</u></div>
<div><u>Port Perry 2.21 11.43 419.802.35 11.92 437.99</u></div>
<div><u>Norfolk 2.20 11.42 419.432.40 11.97 439.82</u></div>
<div><u>Palmerston 2.30 11.52 423.102.55 12.12 445.33</u></div>
<div><u>Varna 2.30 11.52 423.102.45 12.02 441.66</u></div>
<div><u>Trenton 2.20 11.42 419.432.40 11.97 439.82</u></div>
<div><u>Winchester 2.25 11.47 421.272.50 12.07 443.50</u></div>
<div><u>North Gower 2.40 11.62 426.782.45 12.02 441.66</u></div>
<div><u>Huron FOB 2.35 11.57 424.942.50 12.07 443.50</u></div>
<div><u>Kent FOB 2.40 11.62 426.782.40 11.97 439.82</u></div>
<div><u>Lambton FOB 2.10 11.32 415.762.50 12.07 443.50</u></div>
<div><u>Middlesex FOB2.16 2.43 2.49 2.56 11.38 417.962.48 12.05 442.76</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.66 N/A N/A N/A 11.88 436.332.85 12.42 456.36</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.60 11.82 434.132.85 12.42 456.36</u></div>
<div><u>Prescott 2.20 11.42 419.432.90 12.47 458.19</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.60 8.61 316.48-0.40 9.17 336.93</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3375 down 0.0080</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR19 HI 5.18 3/4 JUL19 HI 5.31 1/4</u></div>
<div><u> LOW 5.13 LOW 5.26 3/4</u></div>
<div><u> CLOSE 5.17 Up 3 1/4 CLOSE 5.29 1/2 Up 2 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR19 HI 5.73 SEP19 HI 5.91 1/2</u></div>
<div><u> LOW 5.65 1/4 LOW 5.86 1/2</u></div>
<div><u> CLOSE 5.70 1/4 Up 5 CLOSE 5.89 1/4 Up 4 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 1.41 1.54 1.41 0.79</u></div>
<div><u>CAD $/bu 6.58 6.71 6.58 6.49</u></div>
<div><u>CAD $/tonne 241.80 246.71 241.80 238.48</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 1.35 N/A N/A N/A 1.25 N/A</u></div>
<div><u>London 1.55 1.41 1.41 N/A 1.57 1.44 1.31 N/A</u></div>
<div><u>Hensall 1.60 N/A 1.35 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 1.35 N/A</u></div>
<div><u>Bruce 1.45 1.60 1.35 1.10 1.35 1.50 1.25 1.00</u></div>
<div><u>Essex N/A N/A 1.35 N/A N/A N/A 1.25 N/A</u></div>
<div><u>Norwich 1.60 N/A 1.35 N/A 1.65 N/A 1.25 N/A</u></div>
<div><u>Port Hope N/A N/A 1.35 N/A N/A 1.40 1.25 N/A</u></div>
<div><u>Kent Bridge 1.60 N/A 1.35 N/A 1.65 N/A 1.25 N/A</u></div>
<div><u>Chatham N/A N/A 1.35 N/A N/A N/A 1.25 N/A</u></div>
<div><u>Brigden N/A N/A 1.35 N/A N/A N/A 1.25 N/A</u></div>
<div><u>Palmerston N/A 1.60 1.20 1.10 N/A 1.50 1.00 1.00</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 1.60 1.35 1.35 N/A 1.65 1.40 1.25 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.63 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.40 1.25 0.64 N/A 1.39 1.34 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 1.95 N/A N/A N/A 1.91 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.12US 6.85CA 5.15US 6.87CA</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 1.30 1.37 1.30 0.70</u></div>
<div><u>CAD $/bu 6.60 6.67 6.60 6.60</u></div>
<div><u>CAD $/tonne 242.49 244.94 242.49 242.37</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 500.46</u></div>
<div><u>DDG's FOB Srn & Aylm 160.00 - 170.00</u></div>
<div><u><br>
</u></div>
<u><br>
</u>
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<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="LPlnk117738" 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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