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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 16</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3225 down 0.0045</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.75 DEC19 HI 4.00</u></div>
<div><u> LOW 3.72 1/2 LOW 3.97 3/4</u></div>
<div><u> CLOSE3.74 Up 2 3/4 CLOSE 3.99 1/4 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 4.69 184.64 0.85 4.84 190.64</u></div>
<div><u>CK High 0.95 4.69 184.64 0.90 4.89 192.61</u></div>
<div><u>CK Avg 0.95 -0.19 4.69 184.64 0.86 -0.32 4.85 191.03</u></div>
<div><u>Essex Cty 0.95 4.69 184.64 0.85 4.84 190.64</u></div>
<div><u>Mdsx Low 0.95 4.69 184.64 0.85 4.84 190.64</u></div>
<div><u>Mdsx High 0.95 4.69 184.64 0.85 4.84 190.64</u></div>
<div><u>Mdsx Avg 0.95 -0.19 4.69 184.64 0.85 -0.32 4.84 190.64</u></div>
<div><u>Hensall 0.95 4.69 184.64 0.85 4.84 190.64</u></div>
<div><u>Bruce 0.95 4.69 184.64 0.85 4.84 190.64</u></div>
<div><u>Putnam 0.95 4.69 184.64 0.85 4.84 190.64</u></div>
<div><u>Burford 0.95 4.69 184.64 0.85 4.84 190.64</u></div>
<div><u>Port Perry 0.95 4.69 184.64 0.90 4.89 192.61</u></div>
<div><u>Norfolk 0.95 4.69 184.64 0.85 4.84 190.64</u></div>
<div><u>Palmerston 0.95 4.69 184.64 0.85 4.84 190.64</u></div>
<div><u>Varna 0.95 4.69 184.64 0.85 4.84 190.64</u></div>
<div><u>Trenton 0.95 4.69 184.64 0.90 4.89 192.61</u></div>
<div><u>Winchester 1.15 4.89 192.51 1.15 5.14 202.45</u></div>
<div><u>North Gower 1.15 4.89 192.51 1.12 5.11 201.27</u></div>
<div><u>Huron FOB 1.25 4.99 196.45 0.95 4.94 194.58</u></div>
<div><u>Kent FOB 1.20 4.94 194.48 0.90 4.89 192.61</u></div>
<div><u>Lamb FOB 1.30 5.04 198.42 0.95 4.94 194.58</u></div>
<div><u>Mdsx FOB 1.25 1.25N/A N/A 4.99 196.45 0.95 4.94 194.58</u></div>
<div><u>FOB SW Que 1.60 5.34 210.23N/A</u></div>
<div><u>Track 1.50 5.24 206.29N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.51 1.58 1.14 5.13 202.06</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.16 5.15 202.84</u></div>
<div><u>Aylmer-Eth N/A 1.47 1.47 1.52 1.12 5.11 201.27</u></div>
<div><u>Sarn-Eth N/A 1.50 1.45 1.50 N/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 5.14 202.45</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 5.24 206.39</u></div>
<div><u>W O Feed 1.69 5.43 213.61</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.80 5.54 218.10</u></div>
<div><u>Toledo El. -0.16 3.58 140.99 -0.26 3.73 146.79</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.95 4.69</u></div>
<div><u>HI SD CRN 0.95 4.69</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3225 down 0.0045</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 9.00 NOV19 HI 9.43</u></div>
<div><u> LOW 8.91 1/4 LOW 9.35</u></div>
<div><u> CLOSE8.94 1/2 Up 1 1/4 CLOSE 9.37 1/2 Unchanged</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 1.93 10.88 399.592.15 11.53 423.47</u></div>
<div><u>CK High 2.10 11.05 405.832.25 11.63 427.15</u></div>
<div><u>CK Average 2.05 -0.6310.99 403.852.23 -0.5811.61 426.41</u></div>
<div><u>Essex Cty 2.00 10.95 402.162.30 11.68 428.98</u></div>
<div><u>Mdsx Low 1.97 10.92 401.062.19 11.57 424.94</u></div>
<div><u>Mdsx High 2.10 11.05 405.832.25 11.63 427.15</u></div>
<div><u>Mdsx Average 2.04 -0.6410.98 403.452.22 -0.5911.60 426.04</u></div>
<div><u>Hensall 2.05 11.00 404.002.25 11.63 427.15</u></div>
<div><u>Bruce 2.00 10.95 402.162.25 11.63 427.15</u></div>
<div><u>Putnam 2.10 11.05 405.832.25 11.63 427.15</u></div>
<div><u>Burford 1.97 10.92 401.062.19 11.57 424.94</u></div>
<div><u>Port Perry 1.93 10.88 399.592.15 11.53 423.47</u></div>
<div><u>Norfolk 2.00 10.95 402.162.25 11.63 427.15</u></div>
<div><u>Palmerston 1.90 10.85 398.492.33 11.71 430.09</u></div>
<div><u>Varna 2.00 10.95 402.162.20 11.58 425.31</u></div>
<div><u>Trenton 2.10 11.05 405.832.25 11.63 427.15</u></div>
<div><u>Winchester 2.06 11.01 404.362.22 11.60 426.04</u></div>
<div><u>North Gower 2.22 11.17 410.242.25 11.63 427.15</u></div>
<div><u>Huron FOB 2.10 11.05 405.832.35 11.73 430.82</u></div>
<div><u>Kent FOB 2.10 11.05 405.832.25 11.63 427.15</u></div>
<div><u>Lambton FOB 1.95 10.90 400.322.40 11.78 432.66</u></div>
<div><u>Middlesex FOB1.96 2.09 2.16 2.27 10.91 400.692.32 11.70 429.72</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.50 N/A N/A N/A 11.45 420.532.71 12.09 444.05</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.35 11.30 415.022.65 12.03 441.84</u></div>
<div><u>Prescott 1.90 10.85 398.492.60 11.98 440.01</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.60 8.35 306.81-0.53 8.85 325.07</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3225 down 0.0045</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR19 HI 5.16 3/4 JUL19 HI 5.26 1/4</u></div>
<div><u> LOW 5.11 LOW 5.21</u></div>
<div><u> CLOSE 5.12 1/2 Up 1 1/2 CLOSE 5.23 Up 2 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR19 HI 5.68 3/4 SEP19 HI 5.87 1/2</u></div>
<div><u> LOW 5.62 LOW 5.81</u></div>
<div><u> CLOSE 5.65 Up 3 CLOSE 5.84 1/4 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 1.52 1.59 1.39 0.76</u></div>
<div><u>CAD $/bu 6.65 6.71 6.51 6.41</u></div>
<div><u>CAD $/tonne 244.18 246.61 239.32 235.68</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 1.45 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 1.15 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 1.15 1.10 N/A 1.50 1.20 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 0.54 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.35 1.20 0.64 N/A 1.39 1.29 0.51</u></div>
<div><u>W O Feed 1.87</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 1.85 N/A N/A N/A 1.80 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.08US 6.71CA 5.08US 6.70CA</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 0.75</u></div>
<div><u>CAD $/bu 6.70 6.77 6.57 6.59</u></div>
<div><u>CAD $/tonne 246.36 248.79 241.51 242.12</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 487.34</u></div>
<div><u>DDG's FOB Srn & Aylm 185.00</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);">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="color: rgb(33, 33, 33); background: white;"> </span><a href="https://gfo.ca/event/grain-marketing-webinar-intro-to-futures/" target="_blank" style="" id="LPlnk850578" 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: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">
<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: 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="LPlnk174485" 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="LPlnk296019" 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;
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<u><o:p></o:p></u></span></span></p>
<u></u><br>
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