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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, January 29</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3261 up 0.0021</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
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</u></div>
<div><u> MAR19 HI 3.80 3/4 DEC19 HI 4.03 1/2</u></div>
<div><u> LOW 3.76 LOW 4.00</u></div>
<div><u> CLOSE3.77 1/4 Down 2 1/2 CLOSE 4.01 Down 2</u></div>
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</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 4.72 185.92 0.85 4.86 191.33</u></div>
<div><u>CK High 1.00 4.77 187.89 0.90 4.91 193.30</u></div>
<div><u>CK Avg 0.96 -0.20 4.73 186.31 0.86 -0.33 4.87 191.72</u></div>
<div><u>Essex Cty 1.00 4.77 187.89 0.85 4.86 191.33</u></div>
<div><u>Mdsx Low 0.95 4.72 185.92 0.85 4.86 191.33</u></div>
<div><u>Mdsx High 0.95 4.72 185.92 0.85 4.86 191.33</u></div>
<div><u>Mdsx Avg 0.95 -0.21 4.72 185.92 0.85 -0.33 4.86 191.33</u></div>
<div><u>Hensall 0.95 4.72 185.92 0.85 4.86 191.33</u></div>
<div><u>Bruce 0.95 4.72 185.92 0.85 4.86 191.33</u></div>
<div><u>Putnam 0.95 4.72 185.92 0.85 4.86 191.33</u></div>
<div><u>Burford 0.95 4.72 185.92 0.85 4.86 191.33</u></div>
<div><u>Port Perry 0.95 4.72 185.92 0.90 4.91 193.30</u></div>
<div><u>Norfolk 1.00 4.77 187.89 0.85 4.86 191.33</u></div>
<div><u>Palmerston 0.95 4.72 185.92 0.85 4.86 191.33</u></div>
<div><u>Varna 0.95 4.72 185.92 0.85 4.86 191.33</u></div>
<div><u>Trenton 0.95 4.72 185.92 0.85 4.86 191.33</u></div>
<div><u>Winchester 1.15 4.92 193.79 1.15 5.16 203.14</u></div>
<div><u>North Gower 1.12 4.89 192.61 1.10 5.11 201.17</u></div>
<div><u>Huron FOB 1.25 5.02 197.73 0.95 4.96 195.27</u></div>
<div><u>Kent FOB 1.25 5.02 197.73 0.90 4.91 193.30</u></div>
<div><u>Lamb FOB 1.30 5.07 199.70 0.95 4.96 195.27</u></div>
<div><u>Mdsx FOB 1.25 1.25 1.25N/A 5.02 197.73 0.95 4.96 195.27</u></div>
<div><u>FOB SW Que 1.63 5.40 212.69N/A</u></div>
<div><u>Track 1.50 5.27 207.57N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.57 1.15 5.16 203.14</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.22 5.23 205.90</u></div>
<div><u>Aylmer-Eth N/A 1.47 1.50 1.52 1.14 5.15 202.75</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 5.16 203.14</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 5.26 207.08</u></div>
<div><u>W O Feed 1.64 5.41 213.08</u></div>
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</u></div>
<div><u>US Rep 1.81 5.58 219.77</u></div>
<div><u>Toledo El. -0.13 3.64 143.30 -0.26 3.75 147.45</u></div>
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</u></div>
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</u></div>
<div><u>MID SD CRN 0.97 1/2 4.74 3/4</u></div>
<div><u>HI SD CRN 1.00 4.77 1/4</u></div>
<div><u>*Wet Bid</u></div>
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</u></div>
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</u></div>
<div><u>Exchange rate was 1.3261 up 0.0021</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
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</u></div>
<div><u> MAR19 HI 9.22 1/4 NOV19 HI 9.61 1/4</u></div>
<div><u> LOW 9.16 3/4 LOW 9.56 1/4</u></div>
<div><u> CLOSE9.19 Down 4 1/4 CLOSE 9.58 Down 4 1/4</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 2.02 11.21 411.902.20 11.78 432.84</u></div>
<div><u>CK High 2.10 11.29 414.842.30 11.88 436.52</u></div>
<div><u>CK Average 2.06 -0.7011.25 413.512.25 -0.6311.83 434.68</u></div>
<div><u>Essex Cty 2.10 11.29 414.842.30 11.88 436.52</u></div>
<div><u>Mdsx Low 2.05 11.24 413.002.24 11.82 434.31</u></div>
<div><u>Mdsx High 2.06 11.25 413.372.25 11.83 434.68</u></div>
<div><u>Mdsx Average 2.06 -0.7111.25 413.182.25 -0.6411.83 434.49</u></div>
<div><u>Hensall 2.05 11.24 413.002.25 11.83 434.68</u></div>
<div><u>Bruce 2.05 11.24 413.002.25 11.83 434.68</u></div>
<div><u>Putnam 2.05 11.24 413.002.25 11.83 434.68</u></div>
<div><u>Burford 2.06 11.25 413.372.24 11.82 434.31</u></div>
<div><u>Port Perry 2.02 11.21 411.902.20 11.78 432.84</u></div>
<div><u>Norfolk 2.10 11.29 414.842.30 11.88 436.52</u></div>
<div><u>Palmerston 1.95 11.14 409.322.35 11.93 438.35</u></div>
<div><u>Varna 2.10 11.29 414.842.30 11.88 436.52</u></div>
<div><u>Trenton 2.05 11.24 413.002.25 11.83 434.68</u></div>
<div><u>Winchester 2.10 11.29 414.842.28 11.86 435.78</u></div>
<div><u>North Gower 2.10 11.29 414.842.20 11.78 432.84</u></div>
<div><u>Huron FOB 2.15 11.34 416.672.35 11.93 438.35</u></div>
<div><u>Kent FOB 2.20 11.39 418.512.30 11.88 436.52</u></div>
<div><u>Lambton FOB 2.00 11.19 411.162.45 12.03 442.03</u></div>
<div><u>Middlesex FOB2.02 2.16 2.29 2.27 11.21 411.902.35 11.93 438.35</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 2.74 N/A N/A N/A 11.93 438.352.74 12.32 452.68</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 2.50 11.69 429.532.70 12.28 451.21</u></div>
<div><u>Prescott 1.90 11.09 407.492.65 12.23 449.38</u></div>
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</u></div>
<div><u>Toledo El. -0.60 8.59 315.75-0.66 8.92 327.71</u></div>
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</u></div>
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</u></div>
<div><u>Exchange rate was 1.3261 up 0.0021</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>MAR19 HI 5.22 JUL19 HI 5.34</u></div>
<div><u> LOW 5.10 3/4 LOW 5.22 3/4</u></div>
<div><u> CLOSE 5.13 1/4 Down 5 1/2 CLOSE 5.25 Down 6 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR19 HI 5.75 1/2 SEP19 HI 5.90 1/4</u></div>
<div><u> LOW 5.66 1/2 LOW 5.85</u></div>
<div><u> CLOSE 5.68 1/4 Down 5 3/4 CLOSE 5.85 Down 3 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 1.54 1.61 1.41 0.79</u></div>
<div><u>CAD $/bu 6.67 6.74 6.54 6.47</u></div>
<div><u>CAD $/tonne 245.21 247.65 240.34 237.90</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 1.45 1.31 1.25 N/A 1.46 1.33 1.19 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 0.71 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 1.84</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. 5.08US 6.74CA 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 0.76</u></div>
<div><u>CAD $/bu 6.74 6.81 6.61 6.61</u></div>
<div><u>CAD $/tonne 247.81 250.24 242.95 242.95</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 170.00 - 185.00</u></div>
<div><u><br>
</u></div>
<div>
<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" id="LPlnk24872" class="OWAAutoLink" style="" previewremoved="true"><span style="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)">
</span></p>
<br>
<p class="MsoNormal" style=""><span style="font-size:10.0pt; line-height:115%; font-family:"Courier New"; color:#333333; background:#FDFDFD">---</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" id="LPlnk790691" class="OWAAutoLink" style="" 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" id="LPlnk104111" class="OWAAutoLink" style="" 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></u></span></span></p>
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