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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 26<br>
</u></span>
<div><u>(All Bases in CAD)<br>
</u></div>
<div><u>Exchange rate was 1.3094 down 0.0059<br>
</u></div>
<div><u>Chicago corn closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 3.89 DEC20 HI 4.02 3/4<br>
</u></div>
<div><u> LOW 3.86 1/2 LOW 4.01<br>
</u></div>
<div><u> CLOSE3.88 1/2 Up 1 CLOSE 4.02 3/4 Up 3/4<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 1.30 5.19 204.12 0.90 4.93 193.99<br>
</u></div>
<div><u>CK High 1.35 5.24 206.09 0.95 4.98 195.96<br>
</u></div>
<div><u>CK Avg 1.31 0.08 5.19 204.45 0.91 -0.26 4.94 194.32<br>
</u></div>
<div><u>Essex Cty 1.30 5.19 204.12 0.90 4.93 193.99<br>
</u></div>
<div><u>Mdsx Low 1.30 5.19 204.12 0.90 4.93 193.99<br>
</u></div>
<div><u>Mdsx High 1.30 5.19 204.12 0.90 4.93 193.99<br>
</u></div>
<div><u>Mdsx Avg 1.30 0.07 5.19 204.12 0.90 -0.27 4.93 193.99<br>
</u></div>
<div><u>Hensall 1.33 5.21 205.11 0.95 4.98 195.96<br>
</u></div>
<div><u>Bruce 1.30 5.19 204.12 0.90 4.93 193.99<br>
</u></div>
<div><u>Putnam 1.30 5.19 204.12 0.90 4.93 193.99<br>
</u></div>
<div><u>Burford 1.30 5.19 204.12 0.90 4.93 193.99<br>
</u></div>
<div><u>Port Perry 1.35 5.24 206.09 0.90 4.93 193.99<br>
</u></div>
<div><u>Norfolk 1.30 5.19 204.12 0.90 4.93 193.99<br>
</u></div>
<div><u>Palmerston 1.20 5.09 200.19 0.90 4.93 193.99<br>
</u></div>
<div><u>Varna 1.30 5.19 204.12 0.95 4.98 195.96<br>
</u></div>
<div><u>Trenton 1.40 5.29 208.06 0.90 4.93 193.99<br>
</u></div>
<div><u>Winchester 1.40 5.29 208.06 1.11 5.14 202.25<br>
</u></div>
<div><u>North Gower 1.36 5.25 206.49 1.23 5.26 206.98<br>
</u></div>
<div><u>Huron FOB 1.42 5.31 208.85 0.90 4.93 193.99<br>
</u></div>
<div><u>Kent FOB 1.40 5.29 208.06 0.95 4.98 195.96<br>
</u></div>
<div><u>Lamb FOB 1.35 5.24 206.09 1.00 5.03 197.92<br>
</u></div>
<div><u>Mdsx FOB 1.35 1.45 1.50N/A 5.24 206.09 1.00 5.03 197.92<br>
</u></div>
<div><u>FOB SW Que 2.29 6.18 243.10N/A<br>
</u></div>
<div><u>Track 1.71 5.59 220.07N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.15 5.18 203.83<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.40 5.43 213.67<br>
</u></div>
<div><u>Aylmer-Eth N/A N/A 1.64N/A 1.15 5.18 203.83<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 N/A N/A N/A 1.30 5.33 209.73<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 N/A 1.90 1.91 1.40 5.43 213.67<br>
</u></div>
<div><u>W O Feed 1.84 5.73 225.46<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.21 6.10 239.95<br>
</u></div>
<div><u>Toledo El. 0.26 4.15 163.26 -0.26 3.77 148.23<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.49 215.93 1.20 5.23 205.80<br>
</u></div>
<div><u>Prescott 1.65 5.54 217.90 1.45 5.48215 2/3<br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.32 1/2 5.21<br>
</u></div>
<div><u>HI SD CRN 1.35 5.23 1/2<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 1.3094 down 0.0059<br>
</u></div>
<div><u>Chicago soybeans closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> JAN20 HI 9.40 NOV20 HI 9.73 3/4<br>
</u></div>
<div><u> LOW 9.36 3/4 LOW 9.71 1/4<br>
</u></div>
<div><u> CLOSE9.37 3/4 Up 1 1/4 CLOSE 9.72 1/4 Up 1 1/2<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 2.35 11.73 430.912.23 11.95 439.18<br>
</u></div>
<div><u>CK High 2.36 11.74 431.282.25 11.97 439.91<br>
</u></div>
<div><u>CK Average 2.35 -0.4211.73 430.972.25 -0.5911.97 439.79<br>
</u></div>
<div><u>Essex Cty 2.30 11.68 429.072.25 11.97 439.91<br>
</u></div>
<div><u>Mdsx Low 2.35 11.73 430.912.24 11.96 439.55<br>
</u></div>
<div><u>Mdsx High 2.37 11.75 431.652.25 11.97 439.91<br>
</u></div>
<div><u>Mdsx Average 2.36 -0.4111.74 431.282.25 -0.6011.97 439.73<br>
</u></div>
<div><u>Hensall 2.35 11.73 430.912.25 11.97 439.91<br>
</u></div>
<div><u>Bruce 2.35 11.73 430.912.30 12.02 441.75<br>
</u></div>
<div><u>Putnam 2.35 11.73 430.912.25 11.97 439.91<br>
</u></div>
<div><u>Burford 2.44 11.82 434.222.31 12.03 442.12<br>
</u></div>
<div><u>Port Perry 2.36 11.74 431.282.23 11.95 439.18<br>
</u></div>
<div><u>Norfolk 2.35 11.73 430.912.30 12.02 441.75<br>
</u></div>
<div><u>Palmerston 2.25 11.63 427.242.28 12.00 441.02<br>
</u></div>
<div><u>Varna 2.35 11.73 430.912.30 12.02 441.75<br>
</u></div>
<div><u>Trenton 2.30 11.68 429.072.25 11.97 439.91<br>
</u></div>
<div><u>Winchester 2.30 11.68 429.072.20 11.92 438.08<br>
</u></div>
<div><u>North Gower 2.25 11.63 427.242.25 11.97 439.91<br>
</u></div>
<div><u>Huron FOB 2.50 11.88 436.422.40 12.12 445.43<br>
</u></div>
<div><u>Kent FOB 2.50 11.88 436.422.25 11.97 439.91<br>
</u></div>
<div><u>Lambton FOB 2.50 11.88 436.422.40 12.12 445.43<br>
</u></div>
<div><u>Middlesex FOB2.60 2.60 2.43 N/A 11.98 440.102.30 12.02 441.75<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 2.91 12.29 451.492.50 12.22 449.10<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.95 12.33 452.962.75 12.47 458.29<br>
</u></div>
<div><u>Prescott N/A 2.35 12.07 443.59<br>
</u></div>
<div><u>Port Colborne2.75 12.13 445.612.71 12.43 456.82<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.05 9.43 346.49-0.46 9.26 340.38<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3094 down 0.0059<br>
</u></div>
<div><u>Chicago wheat closed slightly to moderately higher.<br>
</u></div>
<div><u>MAR20 HI 5.52 JUL20 HI 5.56<br>
</u></div>
<div><u> LOW 5.40 1/4 LOW 5.46 3/4<br>
</u></div>
<div><u> CLOSE 5.49 Up 8 CLOSE 5.53 1/2 Up 6<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.<br>
</u></div>
<div><u>MAR20 HI 5.47 3/4 SEP20 HI 5.73 1/2<br>
</u></div>
<div><u> LOW 5.42 1/2 LOW 5.70<br>
</u></div>
<div><u> CLOSE 5.47 1/4 Up 4 1/4 CLOSE 5.73 1/2 Up 5<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 2.16 2.35 2.03 1.30<br>
</u></div>
<div><u>CAD $/bu 7.65 7.84 7.52 6.77<br>
</u></div>
<div><u>CAD $/tonne 280.98 288.20 276.17 248.86<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 1.80 N/A N/A N/A 1.20 N/A<br>
</u></div>
<div><u>London 1.83 2.22 1.83 N/A 1.39 1.66 1.20 N/A<br>
</u></div>
<div><u>Hensall 1.80 N/A 1.80 N/A 1.40 N/A 1.20 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 1.80 2.20 1.85 1.70 1.40 1.60 1.20 1.10<br>
</u></div>
<div><u>Essex N/A N/A 1.80 N/A N/A N/A 1.20 N/A<br>
</u></div>
<div><u>Norwich 1.80 N/A 1.80 N/A 1.40 N/A 1.20 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 1.80 N/A 1.80 N/A 1.40 N/A 1.20 N/A<br>
</u></div>
<div><u>Chatham N/A N/A 1.80 N/A N/A N/A 1.20 N/A<br>
</u></div>
<div><u>Brigden N/A N/A 1.80 N/A N/A N/A 1.20 N/A<br>
</u></div>
<div><u>Palmerston N/A N/A 1.77 1.70 N/A N/A 1.20 1.13<br>
</u></div>
<div><u>Varna 1.90 2.20 1.80 N/A 1.40 1.60 1.20 N/A<br>
</u></div>
<div><u>Mitchell 1.80 2.15 1.80 N/A 1.40 1.60 1.20 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 1.80 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 1.65 1.35 0.90<br>
</u></div>
<div><u>W O Feed 2.42<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.16 N/A N/A N/A 1.59 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.09 N/A N/A N/A 1.72 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.64US 7.39CA 5.64US 7.39CA<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 1.53 1.79 1.46 1.00<br>
</u></div>
<div><u>CAD $/bu 7.06 7.32 7.00 6.73<br>
</u></div>
<div><u>CAD $/tonne 259.44 269.08 257.03 247.40<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 483.92<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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<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
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<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>
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<span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
</span></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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