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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 18</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3256 up 0.0014</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.83 DEC19 HI 4.06</u></div>
<div><u> LOW 3.77 3/4 LOW 4.01 3/4</u></div>
<div><u> CLOSE3.81 3/4 Up 1 3/4 CLOSE 4.03 3/4 Up 1/2</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 4.77 187.69 0.85 4.89 192.41</u></div>
<div><u>CK High 0.95 4.77 187.69 0.90 4.94 194.38</u></div>
<div><u>CK Avg 0.95 -0.22 4.77 187.69 0.86 -0.33 4.90 192.81</u></div>
<div><u>Essex Cty 0.95 4.77 187.69 0.85 4.89 192.41</u></div>
<div><u>Mdsx Low 0.95 4.77 187.69 0.85 4.89 192.41</u></div>
<div><u>Mdsx High 0.95 4.77 187.69 0.85 4.89 192.41</u></div>
<div><u>Mdsx Avg 0.95 -0.22 4.77 187.69 0.85 -0.34 4.89 192.41</u></div>
<div><u>Hensall 0.95 4.77 187.69 0.85 4.89 192.41</u></div>
<div><u>Bruce 0.95 4.77 187.69 0.85 4.89 192.41</u></div>
<div><u>Putnam 0.95 4.77 187.69 0.85 4.89 192.41</u></div>
<div><u>Burford 0.95 4.77 187.69 0.85 4.89 192.41</u></div>
<div><u>Port Perry 0.95 4.77 187.69 0.90 4.94 194.38</u></div>
<div><u>Norfolk 0.95 4.77 187.69 0.85 4.89 192.41</u></div>
<div><u>Palmerston 0.95 4.77 187.69 0.85 4.89 192.41</u></div>
<div><u>Varna 0.95 4.77 187.69 0.85 4.89 192.41</u></div>
<div><u>Trenton 0.95 4.77 187.69 0.90 4.94 194.38</u></div>
<div><u>Winchester 1.15 4.97 195.56 1.15 5.19 204.22</u></div>
<div><u>North Gower 1.15 4.97 195.56 1.12 5.16 203.04</u></div>
<div><u>Huron FOB 1.25 5.07 199.50 0.95 4.99 196.35</u></div>
<div><u>Kent FOB 1.20 5.02 197.53 0.90 4.94 194.38</u></div>
<div><u>Lamb FOB 1.30 5.12 201.47 0.95 4.99 196.35</u></div>
<div><u>Mdsx FOB 1.25 1.25N/A N/A 5.07 199.50 0.95 4.99 196.35</u></div>
<div><u>FOB SW Que 1.69 5.51 216.82N/A</u></div>
<div><u>Track 1.50 5.32 209.34N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.56 1.14 5.18 203.83</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.14 5.18 203.83</u></div>
<div><u>Aylmer-Eth N/A 1.47 1.47 1.52 1.12 5.16 203.04</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 1.55 1.15 5.19 204.22</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 5.29 208.16</u></div>
<div><u>W O Feed 1.68 5.50 216.51</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.81 5.63 221.54</u></div>
<div><u>Toledo El. -0.13 3.68 145.07 -0.26 3.77 148.54</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.95 4.76 3/4</u></div>
<div><u>HI SD CRN 0.95 4.76 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3256 up 0.0014</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 9.20 1/4 NOV19 HI 9.59</u></div>
<div><u> LOW 9.05 3/4 LOW 9.46 1/4</u></div>
<div><u> CLOSE9.16 3/4 Up 9 CLOSE 9.55 3/4 Up 7 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 2.05 11.22 412.172.18 11.74 431.28</u></div>
<div><u>CK High 2.10 11.27 414.012.25 11.81 433.85</u></div>
<div><u>CK Average 2.08 -0.6811.25 413.272.24 -0.6311.79 433.34</u></div>
<div><u>Essex Cty 2.05 11.22 412.172.30 11.86 435.69</u></div>
<div><u>Mdsx Low 2.09 11.26 413.642.22 11.78 432.75</u></div>
<div><u>Mdsx High 2.10 11.27 414.012.25 11.81 433.85</u></div>
<div><u>Mdsx Average 2.10 -0.6711.26 413.832.24 -0.6311.79 433.30</u></div>
<div><u>Hensall 2.08 11.24 413.092.25 11.81 433.85</u></div>
<div><u>Bruce 2.05 11.22 412.172.25 11.81 433.85</u></div>
<div><u>Putnam 2.10 11.27 414.012.25 11.81 433.85</u></div>
<div><u>Burford 2.09 11.26 413.642.22 11.78 432.75</u></div>
<div><u>Port Perry 2.05 11.22 412.172.18 11.74 431.28</u></div>
<div><u>Norfolk 2.05 11.22 412.172.25 11.81 433.85</u></div>
<div><u>Palmerston 1.95 11.12 408.502.35 11.91 437.53</u></div>
<div><u>Varna 2.05 11.22 412.172.25 11.81 433.85</u></div>
<div><u>Trenton 2.10 11.27 414.012.25 11.81 433.85</u></div>
<div><u>Winchester 2.09 11.26 413.642.22 11.78 432.75</u></div>
<div><u>North Gower 2.22 11.39 418.422.25 11.81 433.85</u></div>
<div><u>Huron FOB 2.15 11.32 415.852.35 11.91 437.53</u></div>
<div><u>Kent FOB 2.15 11.32 415.852.25 11.81 433.85</u></div>
<div><u>Lambton FOB 1.95 11.12 408.502.40 11.96 439.36</u></div>
<div><u>Middlesex FOB2.02 2.15 2.28 2.33 11.19 411.072.35 11.91 437.53</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.60 N/A N/A N/A 11.77 432.382.73 12.29 451.49</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.35 11.52 423.202.70 12.26 450.39</u></div>
<div><u>Prescott 1.90 11.07 406.662.65 12.21 448.55</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.60 8.57 314.93-0.53 9.03 331.76</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3256 up 0.0014</u></div>
<div><u>Chicago wheat closed narrowly mixed.</u></div>
<div><u>MAR19 HI 5.22 3/4 JUL19 HI 5.32 3/4</u></div>
<div><u> LOW 5.15 1/4 LOW 5.24</u></div>
<div><u> CLOSE 5.17 3/4 Unchanged CLOSE 5.28 3/4 Up 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR19 HI 5.74 3/4 SEP19 HI 5.92 1/2</u></div>
<div><u> LOW 5.69 1/2 LOW 5.89 1/2</u></div>
<div><u> CLOSE 5.74 1/4 Up 2 1/4 CLOSE 5.92 1/4 Up 1 3/4</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 1.55 1.62 1.42 0.81</u></div>
<div><u>CAD $/bu 6.73 6.80 6.60 6.55</u></div>
<div><u>CAD $/tonne 247.30 249.74 242.43 240.73</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 1.48 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 1.15 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 0.73 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 1.87</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 1.88 N/A N/A N/A 1.83 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.13US 6.80CA 5.14US 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 1.50 1.57 1.37 0.78</u></div>
<div><u>CAD $/bu 6.79 6.85 6.66 6.70</u></div>
<div><u>CAD $/tonne 249.45 251.88 244.59 246.29</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 492.85</u></div>
<div><u>DDG's FOB Srn & Aylm 185.00</u></div>
<div><br>
</div>
<div>
<p class="MsoNormal"><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD"><br>
</span></p>
<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="LPlnk749928" 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="LPlnk223196" 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="LPlnk706372" 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;
line-height:115%;font-family:"Courier New";color:#333333"><br>
<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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background:#FDFDFD"> to
unsubscribe from this report.</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p></o:p></span></span></p>
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