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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, January 28</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.324 up 0.0020</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 3.81 DEC19 HI 4.03 1/2</u></div>
<div><u> LOW 3.78 LOW 4.01 1/4</u></div>
<div><u> CLOSE3.79 3/4 Down 1/2 CLOSE 4.03 Down 1/4</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 4.75 186.90 0.85 4.88 192.12</u></div>
<div><u>CK High 0.95 4.75 186.90 0.90 4.93 194.09</u></div>
<div><u>CK Avg 0.95 -0.21 4.75 186.90 0.86 -0.33 4.89 192.51</u></div>
<div><u>Essex Cty 0.95 4.75 186.90 0.85 4.88 192.12</u></div>
<div><u>Mdsx Low 0.95 4.75 186.90 0.85 4.88 192.12</u></div>
<div><u>Mdsx High 0.95 4.75 186.90 0.85 4.88 192.12</u></div>
<div><u>Mdsx Avg 0.95 -0.21 4.75 186.90 0.85 -0.34 4.88 192.12</u></div>
<div><u>Hensall 0.95 4.75 186.90 0.85 4.88 192.12</u></div>
<div><u>Bruce 0.95 4.75 186.90 0.85 4.88 192.12</u></div>
<div><u>Putnam 0.95 4.75 186.90 0.85 4.88 192.12</u></div>
<div><u>Burford 0.95 4.75 186.90 0.85 4.88 192.12</u></div>
<div><u>Port Perry 0.95 4.75 186.90 0.90 4.93 194.09</u></div>
<div><u>Norfolk 0.95 4.75 186.90 0.85 4.88 192.12</u></div>
<div><u>Palmerston 0.95 4.75 186.90 0.85 4.88 192.12</u></div>
<div><u>Varna 0.95 4.75 186.90 0.85 4.88 192.12</u></div>
<div><u>Trenton 0.95 4.75 186.90 0.85 4.88 192.12</u></div>
<div><u>Winchester 1.15 4.95 194.77 1.15 5.18 203.93</u></div>
<div><u>North Gower 1.12 4.92 193.59 1.10 5.13 201.96</u></div>
<div><u>Huron FOB 1.25 5.05 198.71 0.95 4.98 196.05</u></div>
<div><u>Kent FOB 1.20 5.00 196.74 0.90 4.93 194.09</u></div>
<div><u>Lamb FOB 1.30 5.10 200.68 0.95 4.98 196.05</u></div>
<div><u>Mdsx FOB 1.25 1.25 1.25N/A 5.05 198.71 0.95 4.98 196.05</u></div>
<div><u>FOB SW Que 1.58 5.38 211.70N/A</u></div>
<div><u>Track 1.50 5.30 208.55N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.53 1.60 1.18 5.21 205.11</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.25 5.28 207.86</u></div>
<div><u>Aylmer-Eth N/A 1.47 1.50 1.52 1.14 5.17 203.53</u></div>
<div><u>Sarn-Eth N/A 1.40 1.35 1.40 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 5.18 203.93</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 5.28 207.86</u></div>
<div><u>W O Feed 1.67 5.47 215.32</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.81 5.61 220.76</u></div>
<div><u>Toledo El. -0.13 3.67 144.29 -0.26 3.77 148.25</u></div>
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</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.95 4.74 3/4</u></div>
<div><u>HI SD CRN 0.95 4.74 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 1.324 up 0.0020</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR19 HI 9.25 NOV19 HI 9.63 3/4</u></div>
<div><u> LOW 9.15 3/4 LOW 9.55 3/4</u></div>
<div><u> CLOSE9.23 1/4 Down 2 CLOSE 9.62 1/4 Down 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 11.28 414.562.25 11.87 436.24</u></div>
<div><u>CK High 2.10 11.33 416.402.30 11.92 438.08</u></div>
<div><u>CK Average 2.06 -0.7011.29 414.932.26 -0.6311.88 436.61</u></div>
<div><u>Essex Cty 2.10 11.33 416.402.30 11.92 438.08</u></div>
<div><u>Mdsx Low 2.05 11.28 414.562.25 11.87 436.24</u></div>
<div><u>Mdsx High 2.09 11.32 416.032.29 11.91 437.71</u></div>
<div><u>Mdsx Average 2.07 -0.7011.30 415.302.27 -0.6211.89 436.97</u></div>
<div><u>Hensall 2.05 11.28 414.562.25 11.87 436.24</u></div>
<div><u>Bruce 2.05 11.28 414.562.25 11.87 436.24</u></div>
<div><u>Putnam 2.05 11.28 414.562.25 11.87 436.24</u></div>
<div><u>Burford 2.09 11.32 416.032.29 11.91 437.71</u></div>
<div><u>Port Perry 2.05 11.28 414.562.25 11.87 436.24</u></div>
<div><u>Norfolk 2.10 11.33 416.402.30 11.92 438.08</u></div>
<div><u>Palmerston 1.95 11.18 410.892.35 11.97 439.91</u></div>
<div><u>Varna 2.10 11.33 416.402.30 11.92 438.08</u></div>
<div><u>Trenton 2.10 11.33 416.402.30 11.92 438.08</u></div>
<div><u>Winchester 2.10 11.33 416.402.28 11.90 437.34</u></div>
<div><u>North Gower 2.10 11.33 416.402.20 11.82 434.40</u></div>
<div><u>Huron FOB 2.15 11.38 418.242.35 11.97 439.91</u></div>
<div><u>Kent FOB 2.20 11.43 420.072.30 11.92 438.08</u></div>
<div><u>Lambton FOB 2.00 11.23 412.722.45 12.07 443.59</u></div>
<div><u>Middlesex FOB2.05 2.18 2.32 2.30 11.28 414.562.40 12.02 441.75</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.67 N/A N/A N/A 11.90 437.342.73 12.35 453.88</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.50 11.73 431.102.70 12.32 452.77</u></div>
<div><u>Prescott 1.90 11.13 409.052.65 12.27 450.94</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.60 8.64 317.34-0.66 8.96 329.30</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.324 up 0.0020</u></div>
<div><u>Chicago wheat closed narrowly mixed.</u></div>
<div><u>MAR19 HI 5.23 1/2 JUL19 HI 5.36 3/4</u></div>
<div><u> LOW 5.16 LOW 5.29</u></div>
<div><u> CLOSE 5.18 3/4 Down 1 1/4 CLOSE 5.31 1/4 Down 1 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR19 HI 5.77 3/4 SEP19 HI 5.90 1/2</u></div>
<div><u> LOW 5.71 1/2 LOW 5.87 1/4</u></div>
<div><u> CLOSE 5.74 Down 3/4 CLOSE 5.88 3/4 Down 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 1.61 1.42 0.80</u></div>
<div><u>CAD $/bu 6.74 6.80 6.60 6.54</u></div>
<div><u>CAD $/tonne 247.50 249.93 242.63 240.32</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 1.49 1.35 1.29 N/A 1.51 1.38 1.25 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 1.20 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 1.20 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 1.50 1.50 1.20 N/A</u></div>
<div><u>Mitchell 1.50 1.30 1.30 N/A 1.55 1.35 1.20 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.75 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.45 1.20 0.60 N/A 1.59 1.34 0.60</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 1.84 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.14US 6.80CA 5.16US 6.82CA</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 1.51 1.57 1.37 0.77</u></div>
<div><u>CAD $/bu 6.82 6.88 6.69 6.65</u></div>
<div><u>CAD $/tonne 250.55 252.97 245.69 244.48</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 489.65</u></div>
<div><u>DDG's FOB Srn & Aylm 170.00 - 185.00</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<u></u>
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<div><span style="text-decoration-line: underline; color: rgb(51, 51, 51); font-family: "Courier New", monospace; font-size: 10pt; background-color: rgb(253, 253, 253);"></span><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="LPlnk183425" 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="LPlnk436131" 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="LPlnk613974" 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>
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<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%;
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<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>
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