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<span style="background-color: rgb(253, 253, 253); color: rgb(51, 51, 51); font-family: "Courier New", monospace; font-size: 10pt;"><span style="text-decoration-line: underline;">FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, December 20<br>
</span></span></div>
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<span style="background-color: rgb(253, 253, 253); color: rgb(51, 51, 51); font-family: "Courier New", monospace; font-size: 10pt;">
<div style="text-decoration-line: underline;">(All Bases in CAD)<br>
</div>
<div style="text-decoration-line: underline;">Exchange rate was 1.3157 up 0.0039<br>
</div>
<div style="text-decoration-line: underline;">Chicago corn closed slightly higher.<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;"> MAR20 HI 3.89 1/2 DEC20 HI 4.02 1/2<br>
</div>
<div style="text-decoration-line: underline;"> LOW 3.86 LOW 3.99 3/4<br>
</div>
<div style="text-decoration-line: underline;"> CLOSE3.87 3/4 Up 1 1/4 CLOSE 4.01 3/4 Up 1 1/4<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;"> OLD CROP BASIS NEW CROP BASIS<br>
</div>
<div style="text-decoration-line: underline;">Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt<br>
</div>
<div style="text-decoration-line: underline;">ELEVATORS +MAR20+MAR20+MAY20<br>
</div>
<div style="text-decoration-line: underline;">CK Low 1.30 5.18 203.83 0.90 4.92 193.59<br>
</div>
<div style="text-decoration-line: underline;">CK High 1.35 5.23 205.80 0.95 4.97 195.56<br>
</div>
<div style="text-decoration-line: underline;">CK Avg 1.31 0.06 5.19 204.16 0.91 -0.28 4.93 193.92<br>
</div>
<div style="text-decoration-line: underline;">Essex Cty 1.30 5.18 203.83 0.90 4.92 193.59<br>
</div>
<div style="text-decoration-line: underline;">Mdsx Low 1.30 5.18 203.83 0.90 4.92 193.59<br>
</div>
<div style="text-decoration-line: underline;">Mdsx High 1.30 5.18 203.83 0.90 4.92 193.59<br>
</div>
<div style="text-decoration-line: underline;">Mdsx Avg 1.30 0.06 5.18 203.83 0.90 -0.28 4.92 193.59<br>
</div>
<div style="text-decoration-line: underline;">Hensall 1.30 5.18 203.83 0.93 4.94 194.58<br>
</div>
<div style="text-decoration-line: underline;">Bruce 1.25 5.13 201.86 0.90 4.92 193.59<br>
</div>
<div style="text-decoration-line: underline;">Putnam 1.30 5.18 203.83 0.90 4.92 193.59<br>
</div>
<div style="text-decoration-line: underline;">Burford 1.30 5.18 203.83 0.90 4.92 193.59<br>
</div>
<div style="text-decoration-line: underline;">Port Perry 1.35 5.23 205.80 0.90 4.92 193.59<br>
</div>
<div style="text-decoration-line: underline;">Norfolk 1.30 5.18 203.83 0.90 4.92 193.59<br>
</div>
<div style="text-decoration-line: underline;">Palmerston 1.23 5.11 201.07 0.88 4.90 192.81<br>
</div>
<div style="text-decoration-line: underline;">Varna 1.25 5.13 201.86 0.90 4.92 193.59<br>
</div>
<div style="text-decoration-line: underline;">Trenton 1.40 5.28 207.77 0.90 4.92 193.59<br>
</div>
<div style="text-decoration-line: underline;">Winchester 1.40 5.28 207.77 1.25 5.27 207.37<br>
</div>
<div style="text-decoration-line: underline;">North Gower 1.36 5.24 206.19 1.23 5.25 206.58<br>
</div>
<div style="text-decoration-line: underline;">Huron FOB 1.42 5.30 208.55 0.95 4.97 195.56<br>
</div>
<div style="text-decoration-line: underline;">Kent FOB 1.40 5.28 207.77 0.95 4.97 195.56<br>
</div>
<div style="text-decoration-line: underline;">Lamb FOB 1.35 5.23 205.80 1.00 5.02 197.53<br>
</div>
<div style="text-decoration-line: underline;">Mdsx FOB 1.35 1.45 1.50N/A 5.23 205.80 1.00 5.02 197.53<br>
</div>
<div style="text-decoration-line: underline;">FOB SW Que 2.47 6.35 249.89N/A<br>
</div>
<div style="text-decoration-line: underline;">Track 1.72 5.59 220.17N/A<br>
</div>
<div style="text-decoration-line: underline;">PROCESSORS<br>
</div>
<div style="text-decoration-line: underline;">Chat-Eth N/A N/A N/A N/A 1.15 5.17 203.44<br>
</div>
<div style="text-decoration-line: underline;">Jhnstwn-Eth N/A N/A N/A N/A 1.40 5.42 213.28<br>
</div>
<div style="text-decoration-line: underline;">Aylmer-Eth N/A N/A 1.64N/A 1.15 5.17 203.44<br>
</div>
<div style="text-decoration-line: underline;">Sarn-Eth N/A 1.55 1.60 1.60 N/A<br>
</div>
<div style="text-decoration-line: underline;">London-Ing N/A N/A N/A N/A 1.30 5.32 209.34<br>
</div>
<div style="text-decoration-line: underline;">Pt.Colb-Ing N/A N/A N/A N/A N/A<br>
</div>
<div style="text-decoration-line: underline;">Cardnl-Ing N/A N/A 1.90 1.91 1.40 5.42 213.28<br>
</div>
<div style="text-decoration-line: underline;">W O Feed 1.85 5.73 225.64<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">US Rep 2.21 6.09 239.65<br>
</div>
<div style="text-decoration-line: underline;">Toledo El. 0.26 4.14 163.01 -0.26 3.75 147.79<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">TRANSFER<br>
</div>
<div style="text-decoration-line: underline;">Pt. Colb 1.60 5.48 215.64N/A<br>
</div>
<div style="text-decoration-line: underline;">Prescott 1.65 5.53 217.61 1.45 5.47215 1/4<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">MID SD CRN 1.32 1/2 5.20 1/4<br>
</div>
<div style="text-decoration-line: underline;">HI SD CRN 1.35 5.22 3/4<br>
</div>
<div style="text-decoration-line: underline;">*Wet Bid<br>
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<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">Exchange rate was 1.3157 up 0.0039<br>
</div>
<div style="text-decoration-line: underline;">Chicago soybeans closed narrowly mixed.<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;"> JAN20 HI 9.30 NOV20 HI 9.68 3/4<br>
</div>
<div style="text-decoration-line: underline;"> LOW 9.24 LOW 9.65<br>
</div>
<div style="text-decoration-line: underline;"> CLOSE9.28 1/4 Up 3 3/4 CLOSE 9.66 1/4 Unchanged<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;"> OLD CROP NEW CROP<br>
</div>
<div style="text-decoration-line: underline;">Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt<br>
</div>
<div style="text-decoration-line: underline;">ELEVATORS +JAN2+MAR2+MAR20<br>
</div>
<div style="text-decoration-line: underline;">CK Low 2.25 11.53 423.752.20 11.86 435.87<br>
</div>
<div style="text-decoration-line: underline;">CK High 2.38 11.66 428.522.25 11.91 437.71<br>
</div>
<div style="text-decoration-line: underline;">CK Average 2.32 -0.4611.60 426.382.23 -0.6311.89 436.97<br>
</div>
<div style="text-decoration-line: underline;">Essex Cty 2.30 11.58 425.582.25 11.91 437.71<br>
</div>
<div style="text-decoration-line: underline;">Mdsx Low 2.30 11.58 425.582.20 11.86 435.87<br>
</div>
<div style="text-decoration-line: underline;">Mdsx High 2.39 11.67 428.892.24 11.90 437.34<br>
</div>
<div style="text-decoration-line: underline;">Mdsx Average 2.35 -0.4511.63 427.242.22 -0.6411.88 436.61<br>
</div>
<div style="text-decoration-line: underline;">Hensall 2.30 11.58 425.582.20 11.86 435.87<br>
</div>
<div style="text-decoration-line: underline;">Bruce 2.30 11.58 425.582.20 11.86 435.87<br>
</div>
<div style="text-decoration-line: underline;">Putnam 2.30 11.58 425.582.20 11.86 435.87<br>
</div>
<div style="text-decoration-line: underline;">Burford 2.46 11.74 431.462.31 11.97 439.91<br>
</div>
<div style="text-decoration-line: underline;">Port Perry 2.38 11.66 428.522.23 11.89 436.97<br>
</div>
<div style="text-decoration-line: underline;">Norfolk 2.35 11.63 427.422.30 11.96 439.55<br>
</div>
<div style="text-decoration-line: underline;">Palmerston 2.28 11.56 424.852.27 11.93 438.44<br>
</div>
<div style="text-decoration-line: underline;">Varna 2.30 11.58 425.582.20 11.86 435.87<br>
</div>
<div style="text-decoration-line: underline;">Trenton 2.30 11.58 425.582.25 11.91 437.71<br>
</div>
<div style="text-decoration-line: underline;">Winchester 2.30 11.58 425.582.20 11.86 435.87<br>
</div>
<div style="text-decoration-line: underline;">North Gower 2.25 11.53 423.752.25 11.91 437.71<br>
</div>
<div style="text-decoration-line: underline;">Huron FOB 2.45 11.73 431.102.30 11.96 439.55<br>
</div>
<div style="text-decoration-line: underline;">Kent FOB 2.50 11.78 432.932.25 11.91 437.71<br>
</div>
<div style="text-decoration-line: underline;">Lambton FOB 2.50 11.78 432.932.35 12.01 441.38<br>
</div>
<div style="text-decoration-line: underline;">Middlesex FOB2.58 2.58 2.41 N/A 11.86 435.872.36 12.02 441.75<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">PROCESSORS<br>
</div>
<div style="text-decoration-line: underline;">Windsor 2.93 12.21 448.732.53 12.19 448.00<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">TRANSFER<br>
</div>
<div style="text-decoration-line: underline;">Hamilton 2.95 12.23 449.472.75 12.41 456.08<br>
</div>
<div style="text-decoration-line: underline;">Prescott N/A 2.25 11.91 437.71<br>
</div>
<div style="text-decoration-line: underline;">Port Colborne2.72 12.00 441.022.77 12.43 456.82<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">Toledo El. -0.03 9.26 340.11-0.46 9.20 338.10<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">Exchange rate was 1.3157 up 0.0039<br>
</div>
<div style="text-decoration-line: underline;">Chicago wheat closed slightly lower.<br>
</div>
<div style="text-decoration-line: underline;">MAR20 HI 5.49 JUL20 HI 5.53 1/4<br>
</div>
<div style="text-decoration-line: underline;"> LOW 5.38 3/4 LOW 5.44 3/4<br>
</div>
<div style="text-decoration-line: underline;"> CLOSE 5.42 1/4 Down 3 CLOSE 5.48 3/4 Down 2<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">Minni wheat closed slightly lower.<br>
</div>
<div style="text-decoration-line: underline;">MAR20 HI 5.41 1/2 SEP20 HI 5.66<br>
</div>
<div style="text-decoration-line: underline;"> LOW 5.32 1/2 LOW 5.60<br>
</div>
<div style="text-decoration-line: underline;"> CLOSE 5.36 3/4 Down 4 1/2 CLOSE 5.62 3/4 Down 3 1/4<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">GFO Cash Wheat Prices - DEL Terminal<br>
</div>
<div style="text-decoration-line: underline;">Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</div>
<div style="text-decoration-line: underline;">Basis 2.17 2.37 2.04 1.30<br>
</div>
<div style="text-decoration-line: underline;">CAD $/bu 7.59 7.79 7.46 6.67<br>
</div>
<div style="text-decoration-line: underline;">CAD $/tonne 279.06 286.32 274.23 244.98<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">Direct MarkHarvest 2019 Harvest 2020<br>
</div>
<div style="text-decoration-line: underline;"> DELIVERED BASIS DELIVERED BASIS<br>
</div>
<div style="text-decoration-line: underline;">Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)<br>
</div>
<div style="text-decoration-line: underline;">ELEVATORS<br>
</div>
<div style="text-decoration-line: underline;">Brgssvll N/A N/A 1.80 N/A N/A N/A 1.20 N/A<br>
</div>
<div style="text-decoration-line: underline;">London 1.83 2.22 1.83 N/A 1.39 1.65 1.19 N/A<br>
</div>
<div style="text-decoration-line: underline;">Hensall 1.80 N/A 1.80 N/A 1.40 N/A 1.20 N/A<br>
</div>
<div style="text-decoration-line: underline;">Trenton N/A N/A N/A N/A N/A N/A 1.40 N/A<br>
</div>
<div style="text-decoration-line: underline;">Bruce 1.80 2.20 1.80 1.70 1.40 1.60 1.20 1.10<br>
</div>
<div style="text-decoration-line: underline;">Essex N/A N/A 1.80 N/A N/A N/A 1.20 N/A<br>
</div>
<div style="text-decoration-line: underline;">Norwich 1.80 N/A 1.80 N/A 1.40 N/A 1.20 N/A<br>
</div>
<div style="text-decoration-line: underline;">Port Hope N/A N/A 1.80 N/A N/A N/A 1.40 N/A<br>
</div>
<div style="text-decoration-line: underline;">Kent Bridge 1.80 N/A 1.80 N/A 1.40 N/A 1.20 N/A<br>
</div>
<div style="text-decoration-line: underline;">Chatham N/A N/A 1.80 N/A N/A N/A 1.20 N/A<br>
</div>
<div style="text-decoration-line: underline;">Brigden N/A N/A 1.80 N/A N/A N/A 1.20 N/A<br>
</div>
<div style="text-decoration-line: underline;">Palmerston N/A N/A 1.78 1.69 N/A N/A 1.28 1.12<br>
</div>
<div style="text-decoration-line: underline;">Varna 1.90 2.20 1.80 N/A 1.40 1.60 1.20 N/A<br>
</div>
<div style="text-decoration-line: underline;">Mitchell 1.80 2.15 1.80 N/A 1.40 1.60 1.20 N/A<br>
</div>
<div style="text-decoration-line: underline;">Thornton N/A N/A N/A 1.83 N/A N/A N/A N/A<br>
</div>
<div style="text-decoration-line: underline;">North Gower N/A 1.75 1.75 1.00 N/A 1.65 1.35 0.90<br>
</div>
<div style="text-decoration-line: underline;">W O Feed 2.43<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">TERMINAL<br>
</div>
<div style="text-decoration-line: underline;">Port Colbor N/A N/A 2.17 N/A N/A N/A 1.60 N/A<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">PROCESSORS<br>
</div>
<div style="text-decoration-line: underline;">Toledo FM N/A N/A 2.11 N/A N/A N/A 1.74 N/A<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">Toledo El. 5.57US 7.33CA 5.59US 7.36CA<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">GFO Contract Wheat Prices - DEL Terminal<br>
</div>
<div style="text-decoration-line: underline;">Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</div>
<div style="text-decoration-line: underline;">Basis 1.54 1.80 1.48 0.99<br>
</div>
<div style="text-decoration-line: underline;">CAD $/bu 7.03 7.29 6.96 6.62<br>
</div>
<div style="text-decoration-line: underline;">CAD $/tonne 258.26 267.93 255.84 243.26<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">(C)-Basis over the Chicago Board of Trade futures<br>
</div>
<div style="text-decoration-line: underline;">(M)-Basis over the Minneapolis Grain Exchange<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;">FEED GRAINS<br>
</div>
<div style="text-decoration-line: underline;">FOB Hm Soymeal 481.94<br>
</div>
<div style="text-decoration-line: underline;">DDG's FOB Srn & Aylm 210.00 - 215.00<br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="text-decoration-line: underline;"><br>
</div>
<div style="">
<p style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size: 10pt; 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: 10pt; font-family: "Courier New";">Fax. 519-674-1530<br>
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