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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 9</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3195 down 0.0062</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 4.05</u></div>
<div><u> LOW 3.80 1/2 LOW 4.02 3/4</u></div>
<div><u> CLOSE3.82 Up 2 CLOSE 4.04 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+MAY19+MAY19</u></div>
<div><u>CK Low 0.95 4.77 187.79 0.85 4.89 192.51</u></div>
<div><u>CK High 0.95 4.77 187.79 0.90 4.94 194.48</u></div>
<div><u>CK Avg 0.95 -0.21 4.77 187.79 0.89 -0.30 4.93 194.09</u></div>
<div><u>Essex Cty 0.95 4.77 187.79 0.85 4.89 192.51</u></div>
<div><u>Mdsx Low 0.95 4.77 187.79 0.90 4.94 194.48</u></div>
<div><u>Mdsx High 0.95 4.77 187.79 0.90 4.94 194.48</u></div>
<div><u>Mdsx Avg 0.95 -0.21 4.77 187.79 0.90 -0.29 4.94 194.48</u></div>
<div><u>Hensall 0.95 4.77 187.79 0.90 4.94 194.48</u></div>
<div><u>Bruce 0.95 4.77 187.79 0.90 4.94 194.48</u></div>
<div><u>Putnam 0.95 4.77 187.79 0.90 4.94 194.48</u></div>
<div><u>Burford 0.95 4.77 187.79 0.90 4.94 194.48</u></div>
<div><u>Port Perry 0.95 4.77 187.79 0.90 4.94 194.48</u></div>
<div><u>Norfolk 0.95 4.77 187.79 0.85 4.89 192.51</u></div>
<div><u>Palmerston 0.95 4.77 187.79 0.85 4.89 192.51</u></div>
<div><u>Varna 0.95 4.77 187.79 0.90 4.94 194.48</u></div>
<div><u>Trenton 0.95 4.77 187.79 0.90 4.94 194.48</u></div>
<div><u>Winchester 1.20 5.02 197.63 1.15 5.19 204.32</u></div>
<div><u>North Gower 1.15 4.97 195.66 1.12 5.16 203.14</u></div>
<div><u>Huron FOB 1.25 5.07 199.60 0.90 4.94 194.48</u></div>
<div><u>Kent FOB 1.20 5.02 197.63 0.85 4.89 192.51</u></div>
<div><u>Lamb FOB 1.30 5.12 201.57 0.95 4.99 196.45</u></div>
<div><u>Mdsx FOB 1.25 1.25N/A N/A 5.07 199.60 0.95 4.99 196.45</u></div>
<div><u>FOB SW Que 1.56 5.38 211.80N/A</u></div>
<div><u>Track 1.45 5.27 207.47N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.40 1.15 5.19 204.32</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.03 5.07 199.60</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 5.12 201.57N/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 N/A 1.50 1.15 5.19 204.32</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 1.25 5.29 208.26</u></div>
<div><u>W O Feed 1.68 5.50 216.45</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.80 5.62 221.25</u></div>
<div><u>Toledo El. -0.16 3.66 144.15 -0.26 3.78 148.68</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.95 4.771</u></div>
<div><u>HI SD CRN 0.95 4.771</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3195 down 0.0062</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 9.26 1/2 NOV19 HI 9.63 3/4</u></div>
<div><u> LOW 9.17 1/2 LOW 9.56 1/2</u></div>
<div><u> CLOSE9.24 Up 5 1/2 CLOSE 9.62 1/2 Up 5</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 2.04 11.28 414.472.19 11.82 434.13</u></div>
<div><u>CK High 2.10 11.34 416.672.25 11.88 436.33</u></div>
<div><u>CK Average 2.08 -0.6611.32 415.872.24 -0.6211.86 435.89</u></div>
<div><u>Essex Cty 2.05 11.29 414.842.35 11.98 440.01</u></div>
<div><u>Mdsx Low 2.08 11.32 415.942.23 11.86 435.60</u></div>
<div><u>Mdsx High 2.10 11.34 416.672.25 11.88 436.33</u></div>
<div><u>Mdsx Average 2.09 -0.6511.33 416.312.24 -0.6211.87 435.96</u></div>
<div><u>Hensall 2.08 11.32 415.762.25 11.88 436.33</u></div>
<div><u>Bruce 2.05 11.29 414.842.25 11.88 436.33</u></div>
<div><u>Putnam 2.10 11.34 416.672.25 11.88 436.33</u></div>
<div><u>Burford 2.08 11.32 415.942.23 11.86 435.60</u></div>
<div><u>Port Perry 2.04 11.28 414.472.19 11.82 434.13</u></div>
<div><u>Norfolk 2.05 11.29 414.842.25 11.88 436.33</u></div>
<div><u>Palmerston 2.15 11.39 418.512.35 11.98 440.01</u></div>
<div><u>Varna 2.05 11.29 414.842.25 11.88 436.33</u></div>
<div><u>Trenton 2.10 11.34 416.672.30 11.93 438.17</u></div>
<div><u>Winchester 2.15 11.39 418.512.30 11.93 438.17</u></div>
<div><u>North Gower 2.32 11.56 424.762.35 11.98 440.01</u></div>
<div><u>Huron FOB 2.15 11.39 418.512.35 11.98 440.01</u></div>
<div><u>Kent FOB 2.15 11.39 418.512.25 11.88 436.33</u></div>
<div><u>Lambton FOB 2.05 11.29 414.842.20 11.83 434.49</u></div>
<div><u>Middlesex FOB2.03 2.17 2.23 2.41 11.27 414.102.36 11.99 440.37</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.50 N/A N/A N/A 11.74 431.372.69 12.32 452.50</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.50 11.74 431.372.70 12.33 452.87</u></div>
<div><u>Prescott 2.10 11.34 416.672.70 12.33 452.87</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.59 8.65 317.69-0.40 9.23 339.14</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3195 down 0.0062</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR19 HI 5.23 3/4 JUL19 HI 5.35</u></div>
<div><u> LOW 5.18 1/4 LOW 5.29 1/2</u></div>
<div><u> CLOSE 5.20 Up 2 1/4 CLOSE 5.30 3/4 Up 1 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR19 HI 5.74 1/4 SEP19 HI 5.94 1/4</u></div>
<div><u> LOW 5.67 1/2 LOW 5.89 3/4</u></div>
<div><u> CLOSE 5.70 1/2 Up 3 1/4 CLOSE 5.90 3/4 Up 3 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 1.53 1.60 1.40 0.77</u></div>
<div><u>CAD $/bu 6.73 6.80 6.60 6.47</u></div>
<div><u>CAD $/tonne 247.27 249.69 242.42 237.81</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 1.30 N/A N/A N/A 1.15 N/A</u></div>
<div><u>London 1.46 1.33 1.26 N/A 1.48 1.35 1.21 N/A</u></div>
<div><u>Hensall 1.50 N/A 1.30 N/A 1.55 N/A 1.15 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.20 N/A</u></div>
<div><u>Bruce 1.50 1.55 1.30 1.10 1.50 1.45 1.20 1.00</u></div>
<div><u>Essex N/A N/A 1.30 N/A N/A N/A 1.20 N/A</u></div>
<div><u>Norwich 1.50 N/A 1.30 N/A 1.55 N/A 1.15 N/A</u></div>
<div><u>Port Hope N/A N/A 1.30 N/A N/A 1.30 1.20 N/A</u></div>
<div><u>Kent Bridge 1.50 N/A 1.30 N/A 1.55 N/A 1.15 N/A</u></div>
<div><u>Chatham N/A N/A 1.30 N/A N/A N/A 1.20 N/A</u></div>
<div><u>Brigden N/A N/A 1.30 N/A N/A N/A 1.20 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 1.50 1.55 1.30 N/A 1.40 1.45 1.20 N/A</u></div>
<div><u>Mitchell 1.50 1.30 1.30 N/A 1.55 1.30 1.15 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.58 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.25 1.20 0.64 N/A 1.29 1.29 0.62</u></div>
<div><u>W O Feed 1.89</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 1.86 N/A N/A N/A 1.81 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.15US 6.80CA 5.16US 6.79CA</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 1.49 1.55 1.35 0.75</u></div>
<div><u>CAD $/bu 6.79 6.86 6.66 6.66</u></div>
<div><u>CAD $/tonne 249.60 252.02 244.76 244.76</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 505.31</u></div>
<div><u>DDG's FOB Srn & Aylm 185.00</u></div>
<div><br>
</div>
<div><span id="ms-rterangepaste-start"></span>
<p class="MsoNormal"><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD">Blair Andrews</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><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="LPlnk697919" class="OWAAutoLink" previewremoved="true"><span style="font-size:10.0pt;line-height:115%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
none">519-674-1500</span></a><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333;background:#FDFDFD">x
63577<span class="apple-converted-space"> </span></span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530" id="LPlnk87557" class="OWAAutoLink" previewremoved="true"><span style="font-size:10.0pt;line-height:115%;
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none">519-674-1530</span></a><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
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<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"> </span></span></span><span class="object"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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