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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 10</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3205 up 0.0010</u></div>
<div><u>Chicago corn closed moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.82 3/4 DEC19 HI 4.04</u></div>
<div><u> LOW 3.76 LOW 3.99</u></div>
<div><u> CLOSE3.76 1/4 Down 5 3/4 CLOSE 3.99 Down 5</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 4.71 185.52 0.85 4.84 190.54</u></div>
<div><u>CK High 0.95 4.71 185.52 0.90 4.89 192.51</u></div>
<div><u>CK Avg 0.95 -0.19 4.71 185.52 0.88 -0.30 4.87 191.72</u></div>
<div><u>Essex Cty 0.95 4.71 185.52 0.85 4.84 190.54</u></div>
<div><u>Mdsx Low 0.95 4.71 185.52 0.85 4.84 190.54</u></div>
<div><u>Mdsx High 0.95 4.71 185.52 0.90 4.89 192.51</u></div>
<div><u>Mdsx Avg 0.95 -0.19 4.71 185.52 0.88 -0.30 4.87 191.53</u></div>
<div><u>Hensall 0.95 4.71 185.52 0.90 4.89 192.51</u></div>
<div><u>Bruce 0.95 4.71 185.52 0.85 4.84 190.54</u></div>
<div><u>Putnam 0.95 4.71 185.52 0.90 4.89 192.51</u></div>
<div><u>Burford 0.95 4.71 185.52 0.85 4.84 190.54</u></div>
<div><u>Port Perry 0.95 4.71 185.52 0.85 4.84 190.54</u></div>
<div><u>Norfolk 0.95 4.71 185.52 0.85 4.84 190.54</u></div>
<div><u>Palmerston 0.95 4.71 185.52 0.85 4.84 190.54</u></div>
<div><u>Varna 0.95 4.71 185.52 0.90 4.89 192.51</u></div>
<div><u>Trenton 0.95 4.71 185.52 0.90 4.89 192.51</u></div>
<div><u>Winchester 1.15 4.91 193.40 1.15 5.14 202.35</u></div>
<div><u>North Gower 1.15 4.91 193.40 1.12 5.11 201.17</u></div>
<div><u>Huron FOB 1.25 5.01 197.33 0.90 4.89 192.51</u></div>
<div><u>Kent FOB 1.20 4.96 195.36 0.85 4.84 190.54</u></div>
<div><u>Lamb FOB 1.30 5.06 199.30 0.95 4.94 194.48</u></div>
<div><u>Mdsx FOB 1.25 1.25N/A N/A 5.01 197.33 0.95 4.94 194.48</u></div>
<div><u>FOB SW Que 1.56 5.32 209.54N/A</u></div>
<div><u>Track 1.45 5.21 205.21N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.40 1.15 5.14 202.35</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.03 5.02 197.63</u></div>
<div><u>Aylmer-Eth N/A 1.50 1.50 1.55 1.15 5.14 202.35</u></div>
<div><u>Sarn-Eth 1.30 1.35N/A N/A 5.06 199.30N/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 5.14 202.35</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 5.24 206.29</u></div>
<div><u>W O Feed 1.68 5.44 214.18</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.80 5.56 218.99</u></div>
<div><u>Toledo El. -0.16 3.60 141.88 -0.26 3.73 146.70</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.95 4.71 1/4</u></div>
<div><u>HI SD CRN 0.95 4.71 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3205 up 0.0010</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 9.24 1/4 NOV19 HI 9.62 1/4</u></div>
<div><u> LOW 9.05 3/4 LOW 9.46 3/4</u></div>
<div><u> CLOSE9.06 3/4 Down 17 1/4 CLOSE 9.48 Down 14 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 2.03 11.10 407.762.18 11.66 428.43</u></div>
<div><u>CK High 2.10 11.17 410.342.25 11.73 431.00</u></div>
<div><u>CK Average 2.08 -0.6311.14 409.452.24 -0.5911.72 430.49</u></div>
<div><u>Essex Cty 2.05 11.12 408.502.30 11.78 432.84</u></div>
<div><u>Mdsx Low 2.07 11.14 409.232.22 11.70 429.90</u></div>
<div><u>Mdsx High 2.10 11.17 410.342.25 11.73 431.00</u></div>
<div><u>Mdsx Average 2.09 -0.6211.15 409.782.24 -0.5911.72 430.45</u></div>
<div><u>Hensall 2.08 11.14 409.422.25 11.73 431.00</u></div>
<div><u>Bruce 2.05 11.12 408.502.25 11.73 431.00</u></div>
<div><u>Putnam 2.10 11.17 410.342.25 11.73 431.00</u></div>
<div><u>Burford 2.07 11.14 409.232.22 11.70 429.90</u></div>
<div><u>Port Perry 2.03 11.10 407.762.18 11.66 428.43</u></div>
<div><u>Norfolk 2.05 11.12 408.502.25 11.73 431.00</u></div>
<div><u>Palmerston 2.15 11.22 412.172.35 11.83 434.68</u></div>
<div><u>Varna 2.05 11.12 408.502.25 11.73 431.00</u></div>
<div><u>Trenton 2.10 11.17 410.342.25 11.73 431.00</u></div>
<div><u>Winchester 2.15 11.22 412.172.20 11.68 429.17</u></div>
<div><u>North Gower 2.32 11.39 418.422.35 11.83 434.68</u></div>
<div><u>Huron FOB 2.15 11.22 412.172.35 11.83 434.68</u></div>
<div><u>Kent FOB 2.15 11.22 412.172.25 11.73 431.00</u></div>
<div><u>Lambton FOB 2.05 11.12 408.502.40 11.88 436.52</u></div>
<div><u>Middlesex FOB2.02 2.09 2.15 2.33 11.09 407.402.35 11.83 434.68</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.47 N/A N/A N/A 11.54 423.932.67 12.15 446.44</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.40 11.47 421.362.65 12.13 445.70</u></div>
<div><u>Prescott 2.10 11.17 410.342.70 12.18 447.54</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.59 8.47 311.34-0.40 9.08 333.80</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3205 up 0.0010</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>MAR19 HI 5.20 1/4 JUL19 HI 5.30 3/4</u></div>
<div><u> LOW 5.12 LOW 5.23 1/2</u></div>
<div><u> CLOSE 5.13 3/4 Down 6 1/4 CLOSE 5.24 1/4 Down 6 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>MAR19 HI 5.72 1/2 SEP19 HI 5.92 1/2</u></div>
<div><u> LOW 5.62 3/4 LOW 5.83 1/4</u></div>
<div><u> CLOSE 5.64 Down 6 1/2 CLOSE 5.83 3/4 Down 7</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 1.51 1.58 1.38 0.75</u></div>
<div><u>CAD $/bu 6.65 6.72 6.52 6.39</u></div>
<div><u>CAD $/tonne 244.42 246.84 239.56 234.83</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 1.44 1.31 1.25 N/A 1.46 1.33 1.20 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 1.15 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 0.57 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 1.84 N/A N/A N/A 1.80 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.09US 6.72CA 5.09US 6.71CA</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 1.47 1.54 1.34 0.74</u></div>
<div><u>CAD $/bu 6.71 6.78 6.58 6.57</u></div>
<div><u>CAD $/tonne 246.66 249.08 241.82 241.58</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 494.73</u></div>
<div><u>DDG's FOB Srn & Aylm 185.00</u></div>
<div><br>
</div>
<p class="MsoNormal" style=""><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD">Register now for the GFO Grain Marketing Webinar: Intro to Futures, which will be held at noon on February 6, 2019. Here
is the link to the online registration form:</span><span style="mso-ascii-font-family:Calibri;mso-hansi-font-family:Calibri;mso-bidi-font-family:
Calibri;color:#212121;background:white"> </span><a href="https://gfo.ca/event/grain-marketing-webinar-intro-to-futures/" target="_blank" id="LPlnk171593" class="OWAAutoLink" previewremoved="true"><span style="mso-ascii-font-family:Calibri;mso-hansi-font-family:
Calibri;mso-bidi-font-family:Calibri;background:white">https://gfo.ca/event/grain-marketing-webinar-intro-to-futures/</span></a><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD">
<o:p></o:p></span></p>
<br>
<p class="MsoNormal" style=""><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD">---<o:p></o:p></span></p>
<p class="MsoNormal" style=""><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD"><br>
</span></p>
<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="LPlnk168935" 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="LPlnk168203" class="OWAAutoLink" style="" 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;
background:#FDFDFD"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"> </span></span></span><span class="object" style=""><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" 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);"> to
unsubscribe from this report.</span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
<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</span></span></p>
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