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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 11<br>
</u></span></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div><u>(All Bases in CAD)<br>
</u></div>
<div><u>Exchange rate was 1.317 down 0.0064<br>
</u></div>
<div><u>Chicago corn closed slightly to moderately lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 3.77 DEC20 HI 3.90 1/2<br>
</u></div>
<div><u> LOW 3.71 LOW 3.87 3/4<br>
</u></div>
<div><u> CLOSE3.71 1/4 Down 5 3/4 CLOSE 3.88 Down 3<br>
</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS<br>
</u></div>
<div><u>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt<br>
</u></div>
<div><u>ELEVATORS +MAR20+MAR20+MAY20<br>
</u></div>
<div><u>CK Low 1.25 4.96 195.36 0.90 4.78 188.18<br>
</u></div>
<div><u>CK High 1.25 4.96 195.36 0.95 4.83 190.15<br>
</u></div>
<div><u>CK Avg 1.25 0.06 4.96 195.36 0.91 -0.25 4.79 188.51<br>
</u></div>
<div><u>Essex Cty 1.25 4.96 195.36 0.90 4.78 188.18<br>
</u></div>
<div><u>Mdsx Low 1.25 4.96 195.36 0.90 4.78 188.18<br>
</u></div>
<div><u>Mdsx High 1.25 4.96 195.36 0.90 4.78 188.18<br>
</u></div>
<div><u>Mdsx Avg 1.25 0.06 4.96 195.36 0.90 -0.25 4.78 188.18<br>
</u></div>
<div><u>Hensall 1.28 4.99 196.35 0.93 4.81 189.16<br>
</u></div>
<div><u>Bruce 1.25 4.96 195.36 0.90 4.78 188.18<br>
</u></div>
<div><u>Putnam 1.25 4.96 195.36 0.90 4.78 188.18<br>
</u></div>
<div><u>Burford 1.25 4.96 195.36 0.90 4.78 188.18<br>
</u></div>
<div><u>Port Perry 1.30 5.01 197.33 0.90 4.78 188.18<br>
</u></div>
<div><u>Norfolk 1.25 4.96 195.36 0.90 4.78 188.18<br>
</u></div>
<div><u>Palmerston 1.25 4.96 195.36 0.86 4.74 186.61<br>
</u></div>
<div><u>Varna 1.25 4.96 195.36 0.90 4.78 188.18<br>
</u></div>
<div><u>Trenton 1.40 5.11 201.27 0.90 4.78 188.18<br>
</u></div>
<div><u>Winchester 1.40 5.11 201.27 0.91 4.79 188.57<br>
</u></div>
<div><u>North Gower 1.37 5.08 200.09 1.07 4.95 194.87<br>
</u></div>
<div><u>Huron FOB 1.42 5.13 202.06 0.92 4.80 188.97<br>
</u></div>
<div><u>Kent FOB 1.35 5.06 199.30 0.95 4.83 190.15<br>
</u></div>
<div><u>Lamb FOB 1.35 5.06 199.30 1.00 4.88 192.12<br>
</u></div>
<div><u>Mdsx FOB 1.40 1.40N/A N/A 5.11 201.27 0.90 4.78 188.18<br>
</u></div>
<div><u>FOB SW Que 2.25 5.96 234.73N/A<br>
</u></div>
<div><u>Track 1.67 5.38 211.70N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.14 5.02 197.63<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.39 5.27 207.47<br>
</u></div>
<div><u>Aylmer-Eth N/A N/A 1.69 1.68 1.15 5.03 198.02<br>
</u></div>
<div><u>Sarn-Eth N/A 1.55 1.60 1.60 N/A<br>
</u></div>
<div><u>London-Ing N/A 1.80 1.85 1.85 1.30 5.18 203.93<br>
</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A<br>
</u></div>
<div><u>Cardnl-Ing N/A 1.80 1.85 1.85 1.35 5.23 205.90<br>
</u></div>
<div><u>W O Feed 1.76 5.48 215.54<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.17 5.88 231.58<br>
</u></div>
<div><u>Toledo El. 0.26 3.98 156.52 -0.26 3.62 142.37<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.31 209.14N/A<br>
</u></div>
<div><u>Prescott 1.65 5.36 211.11 1.45 5.33209 5/6<br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.25 4.96 1/4<br>
</u></div>
<div><u>HI SD CRN 1.25 4.96 1/4<br>
</u></div>
<div><u>*Wet Bid<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.317 down 0.0064<br>
</u></div>
<div><u>Chicago soybeans closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JAN20 HI 9.02 NOV20 HI 9.46 3/4<br>
</u></div>
<div><u> LOW 8.92 LOW 9.39 1/4<br>
</u></div>
<div><u> CLOSE8.93 1/2 Down 7 3/4 CLOSE 9.41 Down 5 3/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP NEW CROP<br>
</u></div>
<div><u>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt<br>
</u></div>
<div><u>ELEVATORS +JAN2+MAR2+MAR20<br>
</u></div>
<div><u>CK Low 2.27 11.21 411.712.20 11.61 426.59<br>
</u></div>
<div><u>CK High 2.30 11.24 412.822.25 11.66 428.43<br>
</u></div>
<div><u>CK Average 2.30 -0.4111.23 412.632.24 -0.5711.65 428.13<br>
</u></div>
<div><u>Essex Cty 2.25 11.19 410.982.25 11.66 428.43<br>
</u></div>
<div><u>Mdsx Low 2.25 11.19 410.982.23 11.64 427.70<br>
</u></div>
<div><u>Mdsx High 2.30 11.24 412.822.25 11.66 428.43<br>
</u></div>
<div><u>Mdsx Average 2.28 -0.4211.21 411.902.24 -0.5711.65 428.06<br>
</u></div>
<div><u>Hensall 2.30 11.24 412.822.25 11.66 428.43<br>
</u></div>
<div><u>Bruce 2.30 11.24 412.822.25 11.66 428.43<br>
</u></div>
<div><u>Putnam 2.30 11.24 412.822.25 11.66 428.43<br>
</u></div>
<div><u>Burford 2.32 11.26 413.552.30 11.71 430.27<br>
</u></div>
<div><u>Port Perry 2.27 11.21 411.712.25 11.66 428.43<br>
</u></div>
<div><u>Norfolk 2.30 11.24 412.822.25 11.66 428.43<br>
</u></div>
<div><u>Palmerston 2.19 11.13 408.772.25 11.66 428.43<br>
</u></div>
<div><u>Varna 2.30 11.24 412.822.25 11.66 428.43<br>
</u></div>
<div><u>Trenton 2.30 11.24 412.822.25 11.66 428.43<br>
</u></div>
<div><u>Winchester 2.25 11.19 410.982.20 11.61 426.59<br>
</u></div>
<div><u>North Gower 2.23 11.17 410.242.22 11.63 427.33<br>
</u></div>
<div><u>Huron FOB 2.45 11.39 418.332.35 11.76 432.11<br>
</u></div>
<div><u>Kent FOB 2.45 11.39 418.332.25 11.66 428.43<br>
</u></div>
<div><u>Lambton FOB 2.50 11.44 420.162.30 11.71 430.27<br>
</u></div>
<div><u>Middlesex FOB2.50 2.37 2.34 N/A 11.44 420.162.37 11.78 432.84<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 2.73 11.67 428.622.42 11.83 434.68<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.90 11.84 434.862.65 12.06 443.13<br>
</u></div>
<div><u>Prescott N/A 2.25 11.66 428.43<br>
</u></div>
<div><u>Port Colborne2.78 11.72 430.452.78 12.19 447.91<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.03 8.91 327.34-0.46 8.95 328.80<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.317 down 0.0064<br>
</u></div>
<div><u>Chicago wheat closed slightly lower.<br>
</u></div>
<div><u>MAR20 HI 5.23 1/2 JUL20 HI 5.29 3/4<br>
</u></div>
<div><u> LOW 5.16 3/4 LOW 5.23 1/4<br>
</u></div>
<div><u> CLOSE 5.19 1/4 Down 4 1/2 CLOSE 5.26 Down 3 3/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.<br>
</u></div>
<div><u>MAR20 HI 5.20 SEP20 HI 5.45 1/2<br>
</u></div>
<div><u> LOW 5.15 1/2 LOW 5.44 1/4<br>
</u></div>
<div><u> CLOSE 5.18 1/4 Up 1/4 CLOSE 5.45 Down 1/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash Wheat Prices - DEL Terminal<br>
</u></div>
<div><u>Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</u></div>
<div><u>Basis 2.11 2.30 1.98 1.25<br>
</u></div>
<div><u>CAD $/bu 7.30 7.50 7.17 6.43<br>
</u></div>
<div><u>CAD $/tonne 268.21 275.47 263.37 236.27<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2019 Harvest 2020<br>
</u></div>
<div><u> DELIVERED BASIS DELIVERED BASIS<br>
</u></div>
<div><u>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)<br>
</u></div>
<div><u>ELEVATORS<br>
</u></div>
<div><u>Brgssvll N/A N/A 1.85 N/A N/A N/A 1.25 N/A<br>
</u></div>
<div><u>London 1.81 2.21 1.68 N/A 1.37 1.63 1.17 N/A<br>
</u></div>
<div><u>Hensall 1.85 N/A 1.85 N/A 1.40 N/A 1.25 N/A<br>
</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.40 N/A<br>
</u></div>
<div><u>Bruce 1.75 2.15 1.75 1.65 1.40 1.60 1.20 1.10<br>
</u></div>
<div><u>Essex N/A N/A 1.75 N/A N/A N/A 1.20 N/A<br>
</u></div>
<div><u>Norwich 1.85 N/A 1.85 N/A 1.40 N/A 1.25 N/A<br>
</u></div>
<div><u>Port Hope N/A N/A 1.80 N/A N/A N/A 1.40 N/A<br>
</u></div>
<div><u>Kent Bridge 1.85 N/A 1.85 N/A 1.40 N/A 1.25 N/A<br>
</u></div>
<div><u>Chatham N/A N/A 1.75 N/A N/A N/A 1.20 N/A<br>
</u></div>
<div><u>Brigden N/A N/A 1.75 N/A N/A N/A 1.20 N/A<br>
</u></div>
<div><u>Palmerston N/A N/A 1.71 1.31 N/A N/A 1.23 0.95<br>
</u></div>
<div><u>Varna 1.85 2.15 1.75 N/A 1.40 1.60 1.20 N/A<br>
</u></div>
<div><u>Mitchell 1.85 2.20 1.85 N/A 1.40 1.65 1.25 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 1.76 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 1.75 1.75 1.00 N/A 1.67 1.47 0.90<br>
</u></div>
<div><u>W O Feed 2.33<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.09 N/A N/A N/A 1.57 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.04 N/A N/A N/A 1.67 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.34US 7.04CA 5.36US 7.07CA<br>
</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal<br>
</u></div>
<div><u>Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</u></div>
<div><u>Basis 1.48 1.74 1.41 0.94<br>
</u></div>
<div><u>CAD $/bu 6.74 7.00 6.67 6.39<br>
</u></div>
<div><u>CAD $/tonne 247.54 257.23 245.12 234.95<br>
</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures<br>
</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange<br>
</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS<br>
</u></div>
<div><u>FOB Hm Soymeal 474.00<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 210.00 - 215.00<br>
</u></div>
<u><span></span><br>
</u></div>
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---</div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
Ontario Grain Market Commentary for December 11, 2019</div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
By Todd Austin, Grain Farmers of Ontario</div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<br>
</div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div><br>
</div>
<div>Wednesday, December 11, 2019<br>
</div>
<div>COMMODITY PERIOD PRICE WEEKLY MOVEMENT<br>
</div>
<div>Corn CBOT Mar 3.71¨ù ¡é 7¨ù cents<br>
</div>
<div>Soybeans CBOT Jan 8.93¨ö ¡é 15¨ö cents<br>
</div>
<div>Wheat CBOT Mar 5.19¨ù ¡é 8¨ù cents<br>
</div>
<div>Wheat Minn. Mar 5.18¨ö ¡è 3¨ö cents<br>
</div>
<div>Wheat Kansas Mar 4.30¨ú ¡é 9¨ú cents<br>
</div>
<div>Oats CBOT Mar 2.93¨ú ¡é 10¨ù cents<br>
</div>
<div><br>
</div>
<div>Canadian $ Mar 0.7595 ¡è 81 points<br>
</div>
<div><br>
</div>
<div><br>
</div>
<div>CORN: <br>
</div>
<div>It is estimated that over 1 billion bushels of corn still exists in US fields, while in Ontario approximately 30-40% of corn acreage remains to be harvested.
<br>
</div>
<div>The USDA¡¯s World Agricultural Supply and Demand Estimates hold steady in terms of US corn information although global corn production figures rose by 6.5 million metric tonnes, due to an increase in Chinese production.<br>
</div>
<div><br>
</div>
<div>SOYBEANS: <br>
</div>
<div>The Supply and demand charts for US soybeans remain unchanged from the USDA¡¯s November report. Similar to corn, world production and carryout increased one million tonnes due to increased Chinese production.<br>
</div>
<div>Earlier this week, Chinese soy importers bought 300,000 tonnes of US soybeans for January and February shipment. This trade came after news that the Chinese government offered new tariff waivers to purchase US soybeans.<br>
</div>
<div><br>
</div>
<div>WHEAT:<br>
</div>
<div>There were changes to the December USDA report for wheat. Imports of wheat into the US were reduced by 15 million bushels, while exports increased by 25 million bushels. This lowered the estimated carryout to just under one billion bushels, at 974 (million).
November's¡¯ carryout estimate tallied in at 1.014 billion bushels.<br>
</div>
<div><br>
</div>
<div>2019 cash prices for December 11, 2019, at the market close, are as follows:<br>
</div>
<div><br>
</div>
<div>SWW at $268.15/mt ($7.30/bu), HRW at $275.41/mt ($7.50/bu), <br>
</div>
<div>HRS at $236.34/mt ($6.43/bu), and SRW at $263.31/mt ($7.17/bu).<br>
</div>
<div><br>
</div>
<div>We currently offer 2020 and 2021 harvest prices as well, please call <br>
</div>
<div>1-800-265-0550 for more information.</div>
<div><br>
</div>
<div>--</div>
<div>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Blair Andrews</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">University of Guelph, Ridgetown Campus</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New""><o:p> </o:p></span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
</span></span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
</span></p>
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif">
<span style="font-size:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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