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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 3<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 1.2994 up 0.0009<br>
</u></div>
<div><u>Chicago corn closed slightly to moderately lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 3.92 DEC20 HI 4.04 1/4<br>
</u></div>
<div><u> LOW 3.85 1/2 LOW 4.00<br>
</u></div>
<div><u> CLOSE3.86 1/2 Down 5 CLOSE 4.00 3/4 Down 3 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+MAY20+MAY20<br>
</u></div>
<div><u>CK Low 1.30 5.17 203.34 0.90 4.91 193.20<br>
</u></div>
<div><u>CK High 1.35 5.22 205.31 0.95 4.96 195.17<br>
</u></div>
<div><u>CK Avg 1.31 0.12 5.17 203.67 0.92 -0.22 4.92 193.86<br>
</u></div>
<div><u>Essex Cty 1.30 5.17 203.34 0.90 4.91 193.20<br>
</u></div>
<div><u>Mdsx Low 1.30 5.17 203.34 0.90 4.91 193.20<br>
</u></div>
<div><u>Mdsx High 1.30 5.17 203.34 0.90 4.91 193.20<br>
</u></div>
<div><u>Mdsx Avg 1.30 0.11 5.17 203.34 0.90 -0.23 4.91 193.20<br>
</u></div>
<div><u>Hensall 1.33 5.19 204.32 0.93 4.93 194.18<br>
</u></div>
<div><u>Bruce 1.30 5.17 203.34 0.90 4.91 193.20<br>
</u></div>
<div><u>Putnam 1.30 5.17 203.34 0.90 4.91 193.20<br>
</u></div>
<div><u>Burford 1.30 5.17 203.34 0.90 4.91 193.20<br>
</u></div>
<div><u>Port Perry 1.35 5.22 205.31 0.90 4.91 193.20<br>
</u></div>
<div><u>Norfolk 1.30 5.17 203.34 0.90 4.91 193.20<br>
</u></div>
<div><u>Palmerston 1.22 5.09 200.19 0.88 4.89 192.41<br>
</u></div>
<div><u>Varna 1.30 5.17 203.34 0.90 4.91 193.20<br>
</u></div>
<div><u>Trenton 1.40 5.27 207.27 0.90 4.91 193.20<br>
</u></div>
<div><u>Winchester 1.40 5.27 207.27 1.25 5.26 206.98<br>
</u></div>
<div><u>North Gower 1.35 5.22 205.31 1.30 5.31 208.95<br>
</u></div>
<div><u>Huron FOB 1.47 5.34 210.03 0.92 4.93 193.99<br>
</u></div>
<div><u>Kent FOB 1.40 5.27 207.27 0.95 4.96 195.17<br>
</u></div>
<div><u>Lamb FOB 1.47 5.34 210.03 1.00 5.01 197.14<br>
</u></div>
<div><u>Mdsx FOB 1.40 1.45N/A N/A 5.27 207.27 1.00 5.01 197.14<br>
</u></div>
<div><u>FOB SW Que 2.19 6.06 238.37N/A<br>
</u></div>
<div><u>Track 1.68 5.55 218.30N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.02 5.03 197.92<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.85 1.35 5.36 210.92<br>
</u></div>
<div><u>Aylmer-Eth N/A 1.64N/A N/A 1.15 5.16 203.04<br>
</u></div>
<div><u>Sarn-Eth 1.55 1.60 1.60N/A 5.42 213.18N/A<br>
</u></div>
<div><u>London-Ing N/A N/A N/A 1.85 1.30 5.31 208.95<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 5.41 212.88<br>
</u></div>
<div><u>W O Feed 1.81 5.67 223.34<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.13 6.00 236.01<br>
</u></div>
<div><u>Toledo El. 0.30 4.16 163.92 -0.26 3.75 147.54<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.47 215.15 1.20 5.21 205.01<br>
</u></div>
<div><u>Prescott 1.80 5.67 223.02 1.45 5.46214 6/7<br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.32 1/2 5.19<br>
</u></div>
<div><u>HI SD CRN 1.35 5.21 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 1.2994 up 0.0009<br>
</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 9.57 NOV20 HI 9.81 1/4<br>
</u></div>
<div><u> LOW 9.37 1/2 LOW 9.66 1/4<br>
</u></div>
<div><u> CLOSE9.41 1/2 Down 14 3/4 CLOSE 9.71 1/2 Down 9 1/4<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 +MAR2+MAR2+MAY20<br>
</u></div>
<div><u>CK Low 2.15 11.57 424.942.15 11.87 435.96<br>
</u></div>
<div><u>CK High 2.20 11.62 426.782.20 11.92 437.80<br>
</u></div>
<div><u>CK Average 2.17 -0.5011.58 425.552.16 -0.5811.88 436.33<br>
</u></div>
<div><u>Essex Cty 2.10 11.52 423.102.15 11.87 435.96<br>
</u></div>
<div><u>Mdsx Low 2.15 11.57 424.942.14 11.86 435.60<br>
</u></div>
<div><u>Mdsx High 2.16 11.58 425.312.15 11.87 435.96<br>
</u></div>
<div><u>Mdsx Average 2.16 -0.5111.57 425.122.15 -0.5911.86 435.78<br>
</u></div>
<div><u>Hensall 2.13 11.54 424.022.13 11.84 435.05<br>
</u></div>
<div><u>Bruce 2.10 11.52 423.102.10 11.82 434.13<br>
</u></div>
<div><u>Putnam 2.15 11.57 424.942.15 11.87 435.96<br>
</u></div>
<div><u>Burford 2.23 11.65 427.882.21 11.93 438.17<br>
</u></div>
<div><u>Port Perry 2.15 11.57 424.942.13 11.85 435.23<br>
</u></div>
<div><u>Norfolk 2.15 11.57 424.942.15 11.87 435.96<br>
</u></div>
<div><u>Palmerston 2.17 11.59 425.682.13 11.85 435.23<br>
</u></div>
<div><u>Varna 2.10 11.52 423.102.10 11.82 434.13<br>
</u></div>
<div><u>Trenton 2.15 11.57 424.942.15 11.87 435.96<br>
</u></div>
<div><u>Winchester 2.20 11.62 426.782.30 12.02 441.48<br>
</u></div>
<div><u>North Gower 2.12 11.54 423.842.22 11.94 438.54<br>
</u></div>
<div><u>Huron FOB 2.25 11.67 428.622.20 11.92 437.80<br>
</u></div>
<div><u>Kent FOB 2.35 11.77 432.292.15 11.87 435.96<br>
</u></div>
<div><u>Lambton FOB 2.40 11.82 434.132.25 11.97 439.64<br>
</u></div>
<div><u>Middlesex FOB2.35 2.35 N/A N/A 11.77 432.292.16 11.88 436.33<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 2.67 12.09 444.052.39 12.11 444.78<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.75 12.17 446.992.60 12.32 452.50<br>
</u></div>
<div><u>Prescott N/A 2.24 11.96 439.27<br>
</u></div>
<div><u>Port Colborne2.63 12.05 442.582.57 12.29 451.40<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.06 9.35 343.55-0.45 9.26 340.26<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2994 up 0.0009<br>
</u></div>
<div><u>Chicago wheat closed slightly lower.<br>
</u></div>
<div><u>MAR20 HI 5.62 JUL20 HI 5.66 3/4<br>
</u></div>
<div><u> LOW 5.51 3/4 LOW 5.57 1/2<br>
</u></div>
<div><u> CLOSE 5.54 1/2 Down 5 3/4 CLOSE 5.60 1/2 Down 4 1/2<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.<br>
</u></div>
<div><u>MAR20 HI 5.60 SEP20 HI 5.80 1/4<br>
</u></div>
<div><u> LOW 5.46 LOW 5.72 1/2<br>
</u></div>
<div><u> CLOSE 5.47 1/2 Down 10 3/4 CLOSE 5.73 1/2 Down 9 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 2.31 1.98 1.25<br>
</u></div>
<div><u>CAD $/bu 7.66 7.85 7.53 6.72<br>
</u></div>
<div><u>CAD $/tonne 281.45 288.61 276.68 247.07<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 1.77 2.16 1.77 N/A 1.33 1.59 1.13 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 1.30 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 1.75 N/A N/A N/A 1.35 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 1.72 1.64 N/A N/A 1.17 1.06<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 1.78 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 1.62 1.32 0.87<br>
</u></div>
<div><u>W O Feed 2.38<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.10 N/A N/A N/A 1.53 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.05 N/A N/A N/A 1.68 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.70US 7.40CA 5.71US 7.41CA<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 1.42 0.94<br>
</u></div>
<div><u>CAD $/bu 7.09 7.35 7.02 6.67<br>
</u></div>
<div><u>CAD $/tonne 260.43 269.97 258.04 245.15<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 464.30<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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<div><u><span style="font-family:"Courier New",monospace; font-size:10pt"></span></u></div>
<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>
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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