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<u><span style="background-color: rgb(253, 253, 253); color: rgb(51, 51, 51); font-family: "Courier New", monospace; font-size: 10pt;"><span>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, January 7<br>
</span></span></u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<u><span style="background-color: rgb(253, 253, 253); color: rgb(51, 51, 51); font-family: "Courier New", monospace; font-size: 10pt;">
<div>(All Bases in CAD)<br>
</div>
<div>Exchange rate was 1.3006 up 0.0042<br>
</div>
<div>Chicago corn closed slightly lower to steady.<br>
</div>
<div><br>
</div>
<div> MAR20 HI 3.85 3/4 DEC20 HI 4.00 1/4<br>
</div>
<div> LOW 3.83 1/2 LOW 3.98<br>
</div>
<div> CLOSE3.84 1/2 Down 1/4 CLOSE 4.00 Unchanged<br>
</div>
<div><br>
</div>
<div> OLD CROP BASIS NEW CROP BASIS<br>
</div>
<div>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt<br>
</div>
<div>ELEVATORS +MAR20+MAY20+MAY20<br>
</div>
<div>CK Low 1.30 5.15 202.55 0.90 4.90 192.90<br>
</div>
<div>CK High 1.35 5.20 204.52 0.95 4.95 194.87<br>
</div>
<div>CK Avg 1.31 0.12 5.15 202.88 0.92 -0.22 4.92 193.56<br>
</div>
<div>Essex Cty 1.30 5.15 202.55 0.90 4.90 192.90<br>
</div>
<div>Mdsx Low 1.30 5.15 202.55 0.90 4.90 192.90<br>
</div>
<div>Mdsx High 1.30 5.15 202.55 0.90 4.90 192.90<br>
</div>
<div>Mdsx Avg 1.30 0.11 5.15 202.55 0.90 -0.23 4.90 192.90<br>
</div>
<div>Hensall 1.33 5.17 203.53 0.93 4.93 193.89<br>
</div>
<div>Bruce 1.30 5.15 202.55 0.90 4.90 192.90<br>
</div>
<div>Putnam 1.30 5.15 202.55 0.90 4.90 192.90<br>
</div>
<div>Burford 1.30 5.15 202.55 0.90 4.90 192.90<br>
</div>
<div>Port Perry 1.35 5.20 204.52 0.90 4.90 192.90<br>
</div>
<div>Norfolk 1.30 5.15 202.55 0.90 4.90 192.90<br>
</div>
<div>Palmerston 1.29 5.14 202.16 0.87 4.87 191.72<br>
</div>
<div>Varna 1.30 5.15 202.55 0.90 4.90 192.90<br>
</div>
<div>Trenton 1.40 5.25 206.49 1.00 5.00 196.84<br>
</div>
<div>Winchester 1.39 5.24 206.09 1.22 5.22 205.50<br>
</div>
<div>North Gower 1.35 5.20 204.52 1.30 5.30 208.65<br>
</div>
<div>Huron FOB 1.47 5.32 209.24 0.92 4.92 193.69<br>
</div>
<div>Kent FOB 1.43 5.28 207.67 0.95 4.95 194.87<br>
</div>
<div>Lamb FOB 1.47 5.32 209.24 1.00 5.00 196.84<br>
</div>
<div>Mdsx FOB 1.40 1.45N/A N/A 5.25 206.49 1.00 5.00 196.84<br>
</div>
<div>FOB SW Que 1.98 5.83 229.32N/A<br>
</div>
<div>Track 1.71 5.56 218.69N/A<br>
</div>
<div>PROCESSORS<br>
</div>
<div>Chat-Eth N/A N/A N/A N/A 0.99 4.99 196.45<br>
</div>
<div>Jhnstwn-Eth N/A N/A N/A 1.82 1.32 5.32 209.44<br>
</div>
<div>Aylmer-Eth N/A 1.64N/A N/A 1.15 5.15 202.75<br>
</div>
<div>Sarn-Eth 1.55 1.60 1.60N/A 5.40 212.39N/A<br>
</div>
<div>London-Ing N/A N/A N/A 1.85 1.30 5.30 208.65<br>
</div>
<div>Pt.Colb-Ing N/A N/A N/A N/A N/A<br>
</div>
<div>Cardnl-Ing N/A 1.90 1.91 1.94 1.40 5.40 212.59<br>
</div>
<div>W O Feed 1.81 5.66 222.71<br>
</div>
<div><br>
</div>
<div>US Rep 2.13 5.98 235.23<br>
</div>
<div>Toledo El. 0.30 4.14 163.15 -0.26 3.74 147.23<br>
</div>
<div><br>
</div>
<div>TRANSFER<br>
</div>
<div>Pt. Colb 1.60 5.45 214.36 1.20 5.20 204.71<br>
</div>
<div>Prescott 1.80 5.65 222.23 1.45 5.45214 5/9<br>
</div>
<div><br>
</div>
<div>MID SD CRN 1.32 1/2 5.17<br>
</div>
<div>HI SD CRN 1.35 5.19 1/2<br>
</div>
<div>*Wet Bid<br>
</div>
<div><br>
</div>
<div><br>
</div>
<div>Exchange rate was 1.3006 up 0.0042<br>
</div>
<div>Chicago soybeans closed narrowly mixed.<br>
</div>
<div><br>
</div>
<div> MAR20 HI 9.47 1/2 NOV20 HI 9.76 1/2<br>
</div>
<div> LOW 9.37 3/4 LOW 9.68 1/2<br>
</div>
<div> CLOSE9.44 Down 3/4 CLOSE 9.73 1/2 Down 1/2<br>
</div>
<div><br>
</div>
<div> OLD CROP NEW CROP<br>
</div>
<div>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt<br>
</div>
<div>ELEVATORS +MAR2+MAR2+MAY20<br>
</div>
<div>CK Low 2.15 11.59 425.862.10 11.84 434.86<br>
</div>
<div>CK High 2.20 11.64 427.702.18 11.92 437.80<br>
</div>
<div>CK Average 2.19 -0.5011.63 427.212.14 -0.6111.87 436.27<br>
</div>
<div>Essex Cty 2.20 11.64 427.702.15 11.89 436.70<br>
</div>
<div>Mdsx Low 2.18 11.62 426.962.10 11.84 434.86<br>
</div>
<div>Mdsx High 2.20 11.64 427.702.16 11.90 437.07<br>
</div>
<div>Mdsx Average 2.19 -0.5011.63 427.332.13 -0.6211.87 435.96<br>
</div>
<div>Hensall 2.20 11.64 427.702.10 11.84 434.86<br>
</div>
<div>Bruce 2.15 11.59 425.862.05 11.79 433.02<br>
</div>
<div>Putnam 2.20 11.64 427.702.10 11.84 434.86<br>
</div>
<div>Burford 2.25 11.69 429.532.23 11.97 439.64<br>
</div>
<div>Port Perry 2.17 11.61 426.592.15 11.89 436.70<br>
</div>
<div>Norfolk 2.20 11.64 427.702.15 11.89 436.70<br>
</div>
<div>Palmerston 2.19 11.63 427.332.14 11.88 436.33<br>
</div>
<div>Varna 2.20 11.64 427.702.10 11.84 434.86<br>
</div>
<div>Trenton 2.10 11.54 424.022.10 11.84 434.86<br>
</div>
<div>Winchester 2.10 11.54 424.022.20 11.94 438.54<br>
</div>
<div>North Gower 2.12 11.56 424.762.22 11.96 439.27<br>
</div>
<div>Huron FOB 2.35 11.79 433.212.20 11.94 438.54<br>
</div>
<div>Kent FOB 2.45 11.89 436.882.15 11.89 436.70<br>
</div>
<div>Lambton FOB 2.45 11.89 436.882.25 11.99 440.37<br>
</div>
<div>Middlesex FOB2.46 2.46 N/A N/A 11.90 437.252.28 12.02 441.48<br>
</div>
<div><br>
</div>
<div>PROCESSORS<br>
</div>
<div>Windsor 2.81 12.25 450.112.47 12.21 448.46<br>
</div>
<div><br>
</div>
<div>TRANSFER<br>
</div>
<div>Hamilton 2.75 12.19 447.912.60 12.34 453.23<br>
</div>
<div>Prescott N/A 2.25 11.99 440.37<br>
</div>
<div>Port Colborne2.65 12.09 444.232.66 12.40 455.44<br>
</div>
<div><br>
</div>
<div>Toledo El. -0.07 9.37 344.47-0.46 9.28 340.97<br>
</div>
<div><br>
</div>
<div><br>
</div>
<div>Exchange rate was 1.3006 up 0.0042<br>
</div>
<div>Chicago wheat closed narrowly mixed.<br>
</div>
<div>MAR20 HI 5.51 JUL20 HI 5.57 1/2<br>
</div>
<div> LOW 5.45 1/2 LOW 5.52 1/2<br>
</div>
<div> CLOSE 5.50 1/4 Up 1/4 CLOSE 5.56 1/4 Down 3/4<br>
</div>
<div><br>
</div>
<div>Minni wheat closed slightly lower.<br>
</div>
<div>MAR20 HI 5.47 1/2 SEP20 HI 5.71 3/4<br>
</div>
<div> LOW 5.43 1/4 LOW 5.69<br>
</div>
<div> CLOSE 5.46 3/4 Down 1 1/4 CLOSE 5.71 3/4 Down 1 1/4<br>
</div>
<div><br>
</div>
<div>GFO Cash Wheat Prices - DEL Terminal<br>
</div>
<div>Harvest 19 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</div>
<div>Basis 2.04 2.24 1.91 1.25<br>
</div>
<div>CAD $/bu 7.55 7.74 7.42 6.72<br>
</div>
<div>CAD $/tonne 277.29 284.45 272.51 246.94<br>
</div>
<div><br>
</div>
<div><br>
</div>
<div>Direct MarkHarvest 2019 Harvest 2020<br>
</div>
<div> DELIVERED BASIS DELIVERED BASIS<br>
</div>
<div>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)<br>
</div>
<div>ELEVATORS<br>
</div>
<div>Brgssvll N/A N/A N/A N/A N/A N/A 1.15 N/A<br>
</div>
<div>London 1.77 2.16 1.77 N/A 1.33 1.59 1.14 N/A<br>
</div>
<div>Hensall 1.75 N/A 1.75 N/A 1.35 N/A 1.15 N/A<br>
</div>
<div>Trenton N/A N/A N/A N/A N/A N/A 1.30 N/A<br>
</div>
<div>Bruce 1.80 2.15 1.80 1.65 1.35 1.55 1.15 1.05<br>
</div>
<div>Essex N/A N/A 1.80 N/A N/A N/A 1.15 N/A<br>
</div>
<div>Norwich 1.75 N/A 1.75 N/A 1.35 N/A 1.15 N/A<br>
</div>
<div>Port Hope N/A N/A 1.75 N/A N/A N/A 1.35 N/A<br>
</div>
<div>Kent Bridge 1.75 N/A 1.75 N/A 1.35 N/A 1.15 N/A<br>
</div>
<div>Chatham N/A N/A 1.80 N/A N/A N/A 1.15 N/A<br>
</div>
<div>Brigden N/A N/A 1.80 N/A N/A N/A 1.15 N/A<br>
</div>
<div>Palmerston N/A N/A 1.72 1.64 N/A N/A 1.18 1.07<br>
</div>
<div>Varna 1.85 2.15 1.75 N/A 1.35 1.55 1.15 N/A<br>
</div>
<div>Mitchell 1.75 2.10 1.75 N/A 1.35 1.55 1.15 N/A<br>
</div>
<div>Thornton N/A N/A N/A 1.75 N/A N/A N/A N/A<br>
</div>
<div>North Gower N/A 1.70 1.70 0.90 N/A 1.62 1.32 0.87<br>
</div>
<div>W O Feed 2.36<br>
</div>
<div><br>
</div>
<div>TERMINAL<br>
</div>
<div>Port Colbor N/A N/A 2.10 N/A N/A N/A 1.53 N/A<br>
</div>
<div><br>
</div>
<div>PROCESSORS<br>
</div>
<div>Toledo FM N/A N/A 2.04 N/A N/A N/A 1.67 N/A<br>
</div>
<div><br>
</div>
<div>Toledo El. 5.65US 7.35CA 5.66US 7.37CA<br>
</div>
<div><br>
</div>
<div>GFO Contract Wheat Prices - DEL Terminal<br>
</div>
<div>Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)<br>
</div>
<div>Basis 1.48 1.74 1.41 0.94<br>
</div>
<div>CAD $/bu 7.04 7.30 6.98 6.66<br>
</div>
<div>CAD $/tonne 258.75 268.31 256.36 244.65<br>
</div>
<div><br>
</div>
<div>(C)-Basis over the Chicago Board of Trade futures<br>
</div>
<div>(M)-Basis over the Minneapolis Grain Exchange<br>
</div>
<div><br>
</div>
<div>FEED GRAINS<br>
</div>
<div>FOB Hm Soymeal 464.41<br>
</div>
<div>DDG's FOB Srn & Aylm 215.00 - 220.00<br>
</div>
<div><br>
</div>
<div><br>
</div>
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<span style="font-size:10.0pt;font-family:"Courier New"">Blair Andrews</span></p>
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<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"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
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