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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, January 14</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3249 down 0.0001</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.81 DEC19 HI 4.04</u></div>
<div><u> LOW 3.77 LOW 4.00 3/4</u></div>
<div><u> CLOSE3.78 1/2 Up 1/4 CLOSE 4.02 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 4.74 186.41 0.85 4.87 191.82</u></div>
<div><u>CK High 0.95 4.74 186.41 0.90 4.92 193.79</u></div>
<div><u>CK Avg 0.95 -0.21 4.74 186.41 0.86 -0.33 4.88 192.22</u></div>
<div><u>Essex Cty 0.95 4.74 186.41 0.85 4.87 191.82</u></div>
<div><u>Mdsx Low 0.95 4.74 186.41 0.85 4.87 191.82</u></div>
<div><u>Mdsx High 0.95 4.74 186.41 0.85 4.87 191.82</u></div>
<div><u>Mdsx Avg 0.95 -0.21 4.74 186.41 0.85 -0.34 4.87 191.82</u></div>
<div><u>Hensall 0.95 4.74 186.41 0.85 4.87 191.82</u></div>
<div><u>Bruce 0.95 4.74 186.41 0.85 4.87 191.82</u></div>
<div><u>Putnam 0.95 4.74 186.41 0.85 4.87 191.82</u></div>
<div><u>Burford 0.95 4.74 186.41 0.85 4.87 191.82</u></div>
<div><u>Port Perry 0.95 4.74 186.41 0.85 4.87 191.82</u></div>
<div><u>Norfolk 0.95 4.74 186.41 0.85 4.87 191.82</u></div>
<div><u>Palmerston 0.95 4.74 186.41 0.85 4.87 191.82</u></div>
<div><u>Varna 0.95 4.74 186.41 0.85 4.87 191.82</u></div>
<div><u>Trenton 0.95 4.74 186.41 0.90 4.92 193.79</u></div>
<div><u>Winchester 0.95 4.74 186.41 0.90 4.92 193.79</u></div>
<div><u>North Gower 1.15 4.94 194.28 1.12 5.14 202.45</u></div>
<div><u>Huron FOB 1.25 5.04 198.22 0.85 4.87 191.82</u></div>
<div><u>Kent FOB 1.20 4.99 196.25 0.90 4.92 193.79</u></div>
<div><u>Lamb FOB 1.30 5.09 200.19 0.95 4.97 195.76</u></div>
<div><u>Mdsx FOB 1.25 1.25N/A N/A 5.04 198.22 0.95 4.97 195.76</u></div>
<div><u>FOB SW Que 1.59 5.38 211.60N/A</u></div>
<div><u>Track 1.48 5.26 207.08N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.57 1.56 1.62 1.15 5.17 203.63</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.16 5.18 204.03</u></div>
<div><u>Aylmer-Eth N/A 1.50 1.47 1.52 1.15 5.17 203.63</u></div>
<div><u>Sarn-Eth 1.35N/A N/A N/A 5.14 202.16N/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 5.17 203.63</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 5.27 207.57</u></div>
<div><u>W O Feed 1.68 5.46 215.07</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.80 5.59 219.87</u></div>
<div><u>Toledo El. -0.16 3.63 142.75 -0.26 3.76 147.95</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.95 4.73 1/2</u></div>
<div><u>HI SD CRN 0.95 4.73 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3249 down 0.0001</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 9.11 NOV19 HI 9.52</u></div>
<div><u> LOW 9.01 1/2 LOW 9.44</u></div>
<div><u> CLOSE9.03 1/2 Down 6 3/4 CLOSE 9.46 1/2 Down 5 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 2.00 11.04 405.472.19 11.66 428.25</u></div>
<div><u>CK High 2.10 11.14 409.142.25 11.72 430.45</u></div>
<div><u>CK Average 2.06 -0.6611.10 407.742.24 -0.6111.70 430.01</u></div>
<div><u>Essex Cty 2.00 11.04 405.472.30 11.77 432.29</u></div>
<div><u>Mdsx Low 2.05 11.09 407.302.23 11.70 429.72</u></div>
<div><u>Mdsx High 2.10 11.14 409.142.25 11.72 430.45</u></div>
<div><u>Mdsx Average 2.08 -0.6511.11 408.222.24 -0.6111.71 430.09</u></div>
<div><u>Hensall 2.05 11.09 407.302.23 11.69 429.53</u></div>
<div><u>Bruce 2.00 11.04 405.472.20 11.67 428.62</u></div>
<div><u>Putnam 2.10 11.14 409.142.25 11.72 430.45</u></div>
<div><u>Burford 2.05 11.09 407.302.23 11.70 429.72</u></div>
<div><u>Port Perry 2.01 11.05 405.832.19 11.66 428.25</u></div>
<div><u>Norfolk 2.00 11.04 405.472.25 11.72 430.45</u></div>
<div><u>Palmerston 2.15 11.19 410.982.35 11.82 434.13</u></div>
<div><u>Varna 2.00 11.04 405.472.20 11.67 428.62</u></div>
<div><u>Trenton 2.10 11.14 409.142.25 11.72 430.45</u></div>
<div><u>Winchester 2.08 11.12 408.412.22 11.69 429.35</u></div>
<div><u>North Gower 2.22 11.26 413.552.25 11.72 430.45</u></div>
<div><u>Huron FOB 2.10 11.14 409.142.30 11.77 432.29</u></div>
<div><u>Kent FOB 2.10 11.14 409.142.25 11.72 430.45</u></div>
<div><u>Lambton FOB 2.00 11.04 405.472.40 11.87 435.96</u></div>
<div><u>Middlesex FOB2.00 2.07 2.13 2.31 11.04 405.472.36 11.83 434.49</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.49 N/A N/A N/A 11.53 423.472.69 12.16 446.62</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.35 11.39 418.332.65 12.12 445.15</u></div>
<div><u>Prescott 2.10 11.14 409.142.70 12.17 446.99</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.60 8.44 310.07-0.53 8.94 328.35</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3249 down 0.0001</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR19 HI 5.23 1/2 JUL19 HI 5.32 3/4</u></div>
<div><u> LOW 5.13 1/4 LOW 5.23 3/4</u></div>
<div><u> CLOSE 5.14 1/4 Down 5 1/4 CLOSE 5.24 1/2 Down 5</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower to steady.</u></div>
<div><u>MAR19 HI 5.71 1/4 SEP19 HI 5.88 3/4</u></div>
<div><u> LOW 5.65 1/4 LOW 5.84</u></div>
<div><u> CLOSE 5.65 1/2 Down 4 1/2 CLOSE 5.88 Unchanged</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 1.54 1.60 1.41 0.78</u></div>
<div><u>CAD $/bu 6.68 6.75 6.55 6.43</u></div>
<div><u>CAD $/tonne 245.49 247.92 240.62 236.36</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 1.47 1.34 1.27 N/A 1.49 1.35 1.22 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 1.15 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 1.25 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 1.25 N/A N/A N/A 1.20 N/A</u></div>
<div><u>Brigden N/A N/A 1.25 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 1.60 1.30 N/A 1.40 1.50 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 1.35 1.20 0.64 N/A 1.38 1.28 0.51</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 1.87 N/A N/A N/A 1.82 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.09US 6.75CA 5.10US 6.74CA</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 1.56 1.36 0.77</u></div>
<div><u>CAD $/bu 6.74 6.80 6.60 6.65</u></div>
<div><u>CAD $/tonne 247.48 249.91 242.63 244.33</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 489.21</u></div>
<div><u>DDG's FOB Srn & Aylm 185.00</u></div>
<div><u><br>
</u></div>
<div><br>
</div>
<p></p>
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<p class="MsoNormal"><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="LPlnk620063" 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"><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"><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="LPlnk963378" 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="LPlnk730972" 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">519-674-1530</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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