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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 2<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 1.2985 up 0.0008<br>
</u></div>
<div><u>Chicago corn closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 3.92 DEC20 HI 4.04 3/4<br>
</u></div>
<div><u> LOW 3.87 1/4 LOW 4.01 3/4<br>
</u></div>
<div><u> CLOSE3.91 1/2 Up 3 3/4 CLOSE 4.04 1/2 Up 2<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+MAY20+MAY20<br>
</u></div>
<div><u>CK Low 1.30 5.22 205.31 0.90 4.95 194.68<br>
</u></div>
<div><u>CK High 1.35 5.27 207.27 0.95 5.00 196.64<br>
</u></div>
<div><u>CK Avg 1.31 0.11 5.22 205.63 0.92 -0.22 4.96 195.33<br>
</u></div>
<div><u>Essex Cty 1.30 5.22 205.31 0.90 4.95 194.68<br>
</u></div>
<div><u>Mdsx Low 1.30 5.22 205.31 0.90 4.95 194.68<br>
</u></div>
<div><u>Mdsx High 1.30 5.22 205.31 0.90 4.95 194.68<br>
</u></div>
<div><u>Mdsx Avg 1.30 0.10 5.22 205.31 0.90 -0.24 4.95 194.68<br>
</u></div>
<div><u>Hensall 1.33 5.24 206.29 0.93 4.97 195.66<br>
</u></div>
<div><u>Bruce 1.30 5.22 205.31 0.90 4.95 194.68<br>
</u></div>
<div><u>Putnam 1.30 5.22 205.31 0.90 4.95 194.68<br>
</u></div>
<div><u>Burford 1.30 5.22 205.31 0.90 4.95 194.68<br>
</u></div>
<div><u>Port Perry 1.35 5.27 207.27 0.90 4.95 194.68<br>
</u></div>
<div><u>Norfolk 1.30 5.22 205.31 0.90 4.95 194.68<br>
</u></div>
<div><u>Palmerston 1.23 5.15 202.55 0.88 4.93 193.89<br>
</u></div>
<div><u>Varna 1.30 5.22 205.31 0.90 4.95 194.68<br>
</u></div>
<div><u>Trenton 1.40 5.32 209.24 0.90 4.95 194.68<br>
</u></div>
<div><u>Winchester 1.40 5.32 209.24 1.25 5.30 208.45<br>
</u></div>
<div><u>North Gower 1.35 5.27 207.27 1.30 5.35 210.42<br>
</u></div>
<div><u>Huron FOB 1.45 5.37 211.21 0.92 4.97 195.46<br>
</u></div>
<div><u>Kent FOB 1.40 5.32 209.24 0.95 5.00 196.64<br>
</u></div>
<div><u>Lamb FOB 1.35 5.27 207.27 1.00 5.05 198.61<br>
</u></div>
<div><u>Mdsx FOB 1.35 1.45 1.50N/A 5.27 207.27 1.00 5.05 198.61<br>
</u></div>
<div><u>FOB SW Que 2.19 6.11 240.34N/A<br>
</u></div>
<div><u>Track 1.69 5.60 220.46N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.01 5.06 199.01<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.83 1.33 5.38 211.60<br>
</u></div>
<div><u>Aylmer-Eth N/A 1.64N/A N/A 1.15 5.20 204.52<br>
</u></div>
<div><u>Sarn-Eth 1.55 1.60 1.60N/A 5.47 215.15N/A<br>
</u></div>
<div><u>London-Ing N/A N/A N/A 1.85 1.30 5.35 210.42<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 1.90 1.91 1.94 1.40 5.45 214.36<br>
</u></div>
<div><u>W O Feed 1.80 5.72 225.07<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.14 6.06 238.37<br>
</u></div>
<div><u>Toledo El. 0.30 4.21 165.88 -0.26 3.79 149.02<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.52 217.12 1.20 5.25 206.49<br>
</u></div>
<div><u>Prescott 1.80 5.72 224.99 1.45 5.50216 1/3<br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.32 1/2 5.24<br>
</u></div>
<div><u>HI SD CRN 1.35 5.26 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 1.2985 up 0.0008<br>
</u></div>
<div><u>Chicago soybeans closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 9.61 NOV20 HI 9.82 3/4<br>
</u></div>
<div><u> LOW 9.53 3/4 LOW 9.77 1/2<br>
</u></div>
<div><u> CLOSE9.56 1/4 Up 3/4 CLOSE 9.80 3/4 Up 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 +MAR2+MAR2+MAY20<br>
</u></div>
<div><u>CK Low 2.15 11.71 430.362.15 11.96 439.36<br>
</u></div>
<div><u>CK High 2.20 11.76 432.202.20 12.01 441.20<br>
</u></div>
<div><u>CK Average 2.16 -0.5411.72 430.672.16 -0.5911.97 439.67<br>
</u></div>
<div><u>Essex Cty 2.10 11.66 428.522.15 11.96 439.36<br>
</u></div>
<div><u>Mdsx Low 2.15 11.71 430.362.13 11.94 438.63<br>
</u></div>
<div><u>Mdsx High 2.16 11.72 430.732.15 11.96 439.36<br>
</u></div>
<div><u>Mdsx Average 2.16 -0.5411.72 430.542.14 -0.6011.95 439.00<br>
</u></div>
<div><u>Hensall 2.18 11.74 431.282.15 11.96 439.36<br>
</u></div>
<div><u>Bruce 2.15 11.71 430.362.15 11.96 439.36<br>
</u></div>
<div><u>Putnam 2.15 11.71 430.362.15 11.96 439.36<br>
</u></div>
<div><u>Burford 2.23 11.79 433.302.20 12.01 441.20<br>
</u></div>
<div><u>Port Perry 2.15 11.71 430.362.12 11.93 438.26<br>
</u></div>
<div><u>Norfolk 2.15 11.71 430.362.15 11.96 439.36<br>
</u></div>
<div><u>Palmerston 2.20 11.76 432.202.15 11.96 439.36<br>
</u></div>
<div><u>Varna 2.20 11.76 432.202.15 11.96 439.36<br>
</u></div>
<div><u>Trenton 2.15 11.71 430.362.15 11.96 439.36<br>
</u></div>
<div><u>Winchester 2.20 11.76 432.202.30 12.11 444.87<br>
</u></div>
<div><u>North Gower 2.12 11.68 429.262.22 12.03 441.93<br>
</u></div>
<div><u>Huron FOB 2.35 11.91 437.712.25 12.06 443.04<br>
</u></div>
<div><u>Kent FOB 2.35 11.91 437.712.15 11.96 439.36<br>
</u></div>
<div><u>Lambton FOB 2.40 11.96 439.552.25 12.06 443.04<br>
</u></div>
<div><u>Middlesex FOB2.39 2.39 N/A N/A 11.95 439.182.19 12.00 440.83<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 2.70 12.26 450.572.41 12.22 448.92<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.75 12.31 452.412.60 12.41 455.90<br>
</u></div>
<div><u>Prescott N/A 2.25 12.06 443.04<br>
</u></div>
<div><u>Port Colborne2.67 12.23 449.472.60 12.41 455.90<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.06 9.50 348.98-0.45 9.35 343.67<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2985 up 0.0008<br>
</u></div>
<div><u>Chicago wheat closed slightly higher.<br>
</u></div>
<div><u>MAR20 HI 5.67 1/2 JUL20 HI 5.71 1/2<br>
</u></div>
<div><u> LOW 5.58 1/4 LOW 5.63 1/4<br>
</u></div>
<div><u> CLOSE 5.60 1/4 Up 1 1/2 CLOSE 5.65 Up 1 1/2<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.<br>
</u></div>
<div><u>MAR20 HI 5.66 1/4 SEP20 HI 5.89<br>
</u></div>
<div><u> LOW 5.56 3/4 LOW 5.81 1/4<br>
</u></div>
<div><u> CLOSE 5.58 1/4 Down 2 3/4 CLOSE 5.82 3/4 Down 2 1/2<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 2.13 2.32 2.00 1.28<br>
</u></div>
<div><u>CAD $/bu 7.73 7.92 7.60 6.86<br>
</u></div>
<div><u>CAD $/tonne 284.01 291.17 279.24 252.04<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 N/A N/A N/A N/A 1.15 N/A<br>
</u></div>
<div><u>London 1.79 2.18 1.79 N/A 1.35 1.61 1.16 N/A<br>
</u></div>
<div><u>Hensall 1.75 N/A 1.75 N/A 1.35 N/A 1.15 N/A<br>
</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.35 N/A<br>
</u></div>
<div><u>Bruce 1.80 2.15 1.80 1.65 1.35 1.55 1.15 1.05<br>
</u></div>
<div><u>Essex N/A N/A 1.80 N/A N/A N/A 1.15 N/A<br>
</u></div>
<div><u>Norwich 1.75 N/A 1.75 N/A 1.35 N/A 1.15 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 1.75 N/A 1.75 N/A 1.35 N/A 1.15 N/A<br>
</u></div>
<div><u>Chatham N/A N/A 1.80 N/A N/A N/A 1.15 N/A<br>
</u></div>
<div><u>Brigden N/A N/A 1.80 N/A N/A N/A 1.15 N/A<br>
</u></div>
<div><u>Palmerston N/A N/A 1.74 1.67 N/A N/A 1.19 1.10<br>
</u></div>
<div><u>Varna 1.85 2.15 1.75 N/A 1.35 1.55 1.15 N/A<br>
</u></div>
<div><u>Mitchell 1.75 2.10 1.75 N/A 1.35 1.55 1.15 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 1.70 1.70 0.90 N/A 1.61 1.31 0.87<br>
</u></div>
<div><u>W O Feed 2.40<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.12 N/A N/A N/A 1.55 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.06 N/A N/A N/A 1.68 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.75US 7.47CA 5.75US 7.46CA<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 1.49 1.75 1.42 0.96<br>
</u></div>
<div><u>CAD $/bu 7.14 7.40 7.07 6.79<br>
</u></div>
<div><u>CAD $/tonne 262.34 271.88 259.95 249.34<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 469.15<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 210.00 - 215.00<br>
</u></div>
<u><span></span><br>
</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<u><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>
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<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">
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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