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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, January 22</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3332 up 0.0049</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.82 1/4 DEC19 HI 4.04</u></div>
<div><u> LOW 3.76 3/4 LOW 3.99</u></div>
<div><u> CLOSE3.79 Down 2 3/4 CLOSE 4.00 3/4 Down 3</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 4.74 186.61 0.85 4.86 191.23</u></div>
<div><u>CK High 0.95 4.74 186.61 0.90 4.91 193.20</u></div>
<div><u>CK Avg 0.95 -0.23 4.74 186.61 0.86 -0.35 4.87 191.63</u></div>
<div><u>Essex Cty 0.95 4.74 186.61 0.85 4.86 191.23</u></div>
<div><u>Mdsx Low 0.95 4.74 186.61 0.85 4.86 191.23</u></div>
<div><u>Mdsx High 0.95 4.74 186.61 0.85 4.86 191.23</u></div>
<div><u>Mdsx Avg 0.95 -0.23 4.74 186.61 0.85 -0.35 4.86 191.23</u></div>
<div><u>Hensall 0.95 4.74 186.61 0.85 4.86 191.23</u></div>
<div><u>Bruce 0.95 4.74 186.61 0.85 4.86 191.23</u></div>
<div><u>Putnam 0.95 4.74 186.61 0.85 4.86 191.23</u></div>
<div><u>Burford 0.95 4.74 186.61 0.85 4.86 191.23</u></div>
<div><u>Port Perry 0.95 4.74 186.61 0.90 4.91 193.20</u></div>
<div><u>Norfolk 0.95 4.74 186.61 0.85 4.86 191.23</u></div>
<div><u>Palmerston 0.95 4.74 186.61 0.85 4.86 191.23</u></div>
<div><u>Varna 0.95 4.74 186.61 0.85 4.86 191.23</u></div>
<div><u>Trenton 0.95 4.74 186.61 0.90 4.91 193.20</u></div>
<div><u>Winchester 1.15 4.94 194.48 1.15 5.16 203.04</u></div>
<div><u>North Gower 1.15 4.94 194.48 1.12 5.13 201.86</u></div>
<div><u>Huron FOB 1.25 5.04 198.42 0.95 4.96 195.17</u></div>
<div><u>Kent FOB 1.20 4.99 196.45 0.90 4.91 193.20</u></div>
<div><u>Lamb FOB 1.30 5.09 200.38 0.95 4.96 195.17</u></div>
<div><u>Mdsx FOB 1.25 1.25N/A N/A 5.04 198.42 0.95 4.96 195.17</u></div>
<div><u>FOB SW Que 1.57 5.36 211.01N/A</u></div>
<div><u>Track 1.50 5.29 208.26N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.56 1.14 5.15 202.65</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.14 5.15 202.65</u></div>
<div><u>Aylmer-Eth N/A 1.47 1.47 1.52 1.12 5.13 201.86</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 5.16 203.04</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 5.26 206.98</u></div>
<div><u>W O Feed 1.68 5.47 215.42</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.81 5.60 220.46</u></div>
<div><u>Toledo El. -0.13 3.66 143.96 -0.27 3.74 147.30</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.95 4.74</u></div>
<div><u>HI SD CRN 0.95 4.74</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3332 up 0.0049</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 9.19 1/2 NOV19 HI 9.57 1/2</u></div>
<div><u> LOW 8.99 1/2 LOW 9.41 3/4</u></div>
<div><u> CLOSE9.09 1/4 Down 7 1/2 CLOSE 9.50 1/4 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 2.10 11.19 411.252.25 11.75 431.83</u></div>
<div><u>CK High 2.10 11.19 411.252.30 11.80 433.67</u></div>
<div><u>CK Average 2.10 -0.7011.19 411.252.26 -0.6511.77 432.34</u></div>
<div><u>Essex Cty 2.10 11.19 411.252.35 11.85 435.50</u></div>
<div><u>Mdsx Low 2.10 11.19 411.252.25 11.75 431.83</u></div>
<div><u>Mdsx High 2.14 11.23 412.722.31 11.81 434.04</u></div>
<div><u>Mdsx Average 2.12 -0.6811.21 411.992.28 -0.6411.78 432.93</u></div>
<div><u>Hensall 2.15 11.24 413.092.28 11.78 432.75</u></div>
<div><u>Bruce 2.10 11.19 411.252.30 11.80 433.67</u></div>
<div><u>Putnam 2.10 11.19 411.252.25 11.75 431.83</u></div>
<div><u>Burford 2.14 11.23 412.722.31 11.81 434.04</u></div>
<div><u>Port Perry 2.10 11.19 411.252.27 11.77 432.57</u></div>
<div><u>Norfolk 2.10 11.19 411.252.30 11.80 433.67</u></div>
<div><u>Palmerston 1.95 11.04 405.742.35 11.85 435.50</u></div>
<div><u>Varna 2.05 11.14 409.422.25 11.75 431.83</u></div>
<div><u>Trenton 2.10 11.19 411.252.30 11.80 433.67</u></div>
<div><u>Winchester 2.10 11.19 411.252.33 11.83 434.77</u></div>
<div><u>North Gower 2.22 11.31 415.662.25 11.75 431.83</u></div>
<div><u>Huron FOB 2.20 11.29 414.932.40 11.90 437.34</u></div>
<div><u>Kent FOB 2.20 11.29 414.932.30 11.80 433.67</u></div>
<div><u>Lambton FOB 2.00 11.09 407.582.40 11.90 437.34</u></div>
<div><u>Middlesex FOB2.11 2.25 2.38 2.42 11.20 411.622.44 11.94 438.81</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.64 N/A N/A N/A 11.73 431.102.78 12.28 451.30</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.40 11.49 422.282.75 12.25 450.20</u></div>
<div><u>Prescott 1.90 10.99 403.912.65 12.15 446.53</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.60 8.49 312.05-0.53 8.97 329.61</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3332 up 0.0049</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR19 HI 5.26 JUL19 HI 5.36</u></div>
<div><u> LOW 5.14 1/4 LOW 5.25 1/2</u></div>
<div><u> CLOSE 5.21 1/4 Up 3 1/2 CLOSE 5.32 3/4 Up 4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR19 HI 5.79 1/4 SEP19 HI 5.96 1/4</u></div>
<div><u> LOW 5.67 3/4 LOW 5.86 3/4</u></div>
<div><u> CLOSE 5.72 Down 2 1/4 CLOSE 5.90 Down 2 1/4</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 1.60 1.67 1.47 0.84</u></div>
<div><u>CAD $/bu 6.82 6.88 6.68 6.56</u></div>
<div><u>CAD $/tonne 250.44 252.89 245.54 241.01</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 1.20 N/A</u></div>
<div><u>London 1.55 1.34 1.33 N/A 1.53 1.40 1.27 N/A</u></div>
<div><u>Hensall 1.50 N/A 1.30 N/A 1.55 N/A 1.20 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 1.30 N/A N/A N/A 1.25 N/A</u></div>
<div><u>Norwich 1.50 N/A 1.30 N/A 1.55 N/A 1.20 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 1.20 N/A</u></div>
<div><u>Chatham N/A N/A 1.30 N/A N/A N/A 1.25 N/A</u></div>
<div><u>Brigden N/A N/A 1.30 N/A N/A N/A 1.25 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 1.20 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.83 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.45 1.30 0.64 N/A 1.54 1.39 0.64</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 1.94 N/A N/A N/A 1.89 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.16US 6.88CA 5.18US 6.88CA</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 1.56 1.62 1.42 0.82</u></div>
<div><u>CAD $/bu 6.88 6.95 6.75 6.72</u></div>
<div><u>CAD $/tonne 252.98 255.42 248.09 246.75</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 490.54</u></div>
<div><u>DDG's FOB Srn & Aylm 185.00</u></div>
<div><br>
</div>
<br>
<p></p>
<p style="margin-top:0;margin-bottom:0"></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="LPlnk449387" 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>
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gfo.ca</div>
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Grain Farmers of Ontario is the province’s largest commodity organization, representing Ontario’s 28,000 barley, corn, oat, soybean and wheat farmers.</div>
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<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="LPlnk808755" 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="LPlnk690605" 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%;
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"> 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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