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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 9<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 1.3076 up 0.0047<br>
</u></div>
<div><u>Chicago corn closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 3.87 DEC20 HI 4.02<br>
</u></div>
<div><u> LOW 3.82 1/4 LOW 3.98 1/4<br>
</u></div>
<div><u> CLOSE3.83 1/4 Down 1 CLOSE 4.00 Down 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 5.13 202.06 0.85 4.85 190.94<br>
</u></div>
<div><u>CK High 1.35 5.18 204.03 0.95 4.95 194.87<br>
</u></div>
<div><u>CK Avg 1.33 0.11 5.16 203.04 0.90 -0.25 4.90 192.90<br>
</u></div>
<div><u>Essex Cty 1.35 5.18 204.03 0.90 4.90 192.90<br>
</u></div>
<div><u>Mdsx Low 1.30 5.13 202.06 0.85 4.85 190.94<br>
</u></div>
<div><u>Mdsx High 1.30 5.13 202.06 0.90 4.90 192.90<br>
</u></div>
<div><u>Mdsx Avg 1.30 0.09 5.13 202.06 0.88 -0.27 4.88 191.92<br>
</u></div>
<div><u>Hensall 1.33 5.16 203.04 0.90 4.90 192.90<br>
</u></div>
<div><u>Bruce 1.30 5.13 202.06 0.85 4.85 190.94<br>
</u></div>
<div><u>Putnam 1.30 5.13 202.06 0.85 4.85 190.94<br>
</u></div>
<div><u>Burford 1.30 5.13 202.06 0.90 4.90 192.90<br>
</u></div>
<div><u>Port Perry 1.35 5.18 204.03 0.90 4.90 192.90<br>
</u></div>
<div><u>Norfolk 1.35 5.18 204.03 0.90 4.90 192.90<br>
</u></div>
<div><u>Palmerston 1.31 5.14 202.45 0.90 4.90 192.90<br>
</u></div>
<div><u>Varna 1.30 5.13 202.06 0.90 4.90 192.90<br>
</u></div>
<div><u>Trenton 1.45 5.28 207.96 1.00 5.00 196.84<br>
</u></div>
<div><u>Winchester 1.45 5.28 207.96 1.25 5.25 206.68<br>
</u></div>
<div><u>North Gower 1.35 5.18 204.03 1.30 5.30 208.65<br>
</u></div>
<div><u>Huron FOB 1.48 5.31 209.14 0.92 4.92 193.69<br>
</u></div>
<div><u>Kent FOB 1.48 5.31 209.14 0.90 4.90 192.90<br>
</u></div>
<div><u>Lamb FOB 1.47 5.30 208.75 1.00 5.00 196.84<br>
</u></div>
<div><u>Mdsx FOB 1.45 1.50 1.50N/A 5.28 207.96 0.95 4.95 194.87<br>
</u></div>
<div><u>FOB SW Que 2.37 6.20 244.18N/A<br>
</u></div>
<div><u>Track 1.73 5.56 218.99N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.03 5.03 198.02<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.85 1.36 5.36 211.01<br>
</u></div>
<div><u>Aylmer-Eth N/A 1.60N/A N/A 1.05 5.05 198.81<br>
</u></div>
<div><u>Sarn-Eth 1.55 1.60 1.60N/A 5.38 211.90N/A<br>
</u></div>
<div><u>London-Ing N/A N/A N/A 1.85 1.30 5.30 208.65<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 1.90 1.95 1.40 5.40 212.59<br>
</u></div>
<div><u>W O Feed 1.85 5.69 223.87<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.17 6.00 236.31<br>
</u></div>
<div><u>Toledo El. 0.30 4.13 162.72 -0.26 3.74 147.17<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.43 213.87 1.15 5.15 202.75<br>
</u></div>
<div><u>Prescott 1.80 5.63 221.74 1.45 5.45214 5/9<br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.32 1/2 5.15 3/4<br>
</u></div>
<div><u>HI SD CRN 1.35 5.18 1/4<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 1.3076 up 0.0047<br>
</u></div>
<div><u>Chicago soybeans closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 9.54 1/2 NOV20 HI 9.80<br>
</u></div>
<div><u> LOW 9.39 1/4 LOW 9.68 1/4<br>
</u></div>
<div><u> CLOSE9.43 1/2 Down 3 3/4 CLOSE 9.71 1/2 Down 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 2.25 11.69 429.352.20 11.92 437.80<br>
</u></div>
<div><u>CK High 2.30 11.74 431.192.20 11.92 437.80<br>
</u></div>
<div><u>CK Average 2.28 -0.4711.72 430.582.20 -0.6111.92 437.80<br>
</u></div>
<div><u>Essex Cty 2.25 11.69 429.352.20 11.92 437.80<br>
</u></div>
<div><u>Mdsx Low 2.30 11.74 431.192.18 11.90 437.07<br>
</u></div>
<div><u>Mdsx High 2.31 11.75 431.552.20 11.92 437.80<br>
</u></div>
<div><u>Mdsx Average 2.31 -0.4611.74 431.372.19 -0.6211.91 437.43<br>
</u></div>
<div><u>Hensall 2.25 11.69 429.352.18 11.89 436.88<br>
</u></div>
<div><u>Bruce 2.30 11.74 431.192.20 11.92 437.80<br>
</u></div>
<div><u>Putnam 2.30 11.74 431.192.20 11.92 437.80<br>
</u></div>
<div><u>Burford 2.38 11.82 434.132.25 11.97 439.64<br>
</u></div>
<div><u>Port Perry 2.30 11.74 431.192.17 11.89 436.70<br>
</u></div>
<div><u>Norfolk 2.25 11.69 429.352.20 11.92 437.80<br>
</u></div>
<div><u>Palmerston 2.25 11.69 429.352.21 11.93 438.17<br>
</u></div>
<div><u>Varna 2.20 11.64 427.512.15 11.87 435.96<br>
</u></div>
<div><u>Trenton 2.25 11.69 429.352.15 11.87 435.96<br>
</u></div>
<div><u>Winchester 2.15 11.59 425.682.25 11.97 439.64<br>
</u></div>
<div><u>North Gower 2.12 11.56 424.572.22 11.94 438.54<br>
</u></div>
<div><u>Huron FOB 2.45 11.89 436.702.30 12.02 441.48<br>
</u></div>
<div><u>Kent FOB 2.50 11.94 438.542.20 11.92 437.80<br>
</u></div>
<div><u>Lambton FOB 2.45 11.89 436.702.25 11.97 439.64<br>
</u></div>
<div><u>Middlesex FOB2.50 2.50 2.57 N/A 11.94 438.542.31 12.03 441.84<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 2.88 12.32 452.502.53 12.25 449.93<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.80 12.24 449.562.65 12.37 454.34<br>
</u></div>
<div><u>Prescott N/A 2.25 11.97 439.64<br>
</u></div>
<div><u>Port Colborne2.72 12.16 446.622.72 12.44 456.91<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.07 9.37 344.27-0.46 9.26 340.14<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3076 up 0.0047<br>
</u></div>
<div><u>Chicago wheat closed slightly to moderately higher.<br>
</u></div>
<div><u>MAR20 HI 5.64 JUL20 HI 5.69<br>
</u></div>
<div><u> LOW 5.52 3/4 LOW 5.58 3/4<br>
</u></div>
<div><u> CLOSE 5.62 1/4 Up 9 1/2 CLOSE 5.67 1/4 Up 8 3/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.<br>
</u></div>
<div><u>MAR20 HI 5.54 1/2 SEP20 HI 5.77 1/2<br>
</u></div>
<div><u> LOW 5.47 LOW 5.73 1/2<br>
</u></div>
<div><u> CLOSE 5.52 Up 4 1/4 CLOSE 5.75 Up 2 3/4<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 2.12 2.32 1.99 1.31<br>
</u></div>
<div><u>CAD $/bu 7.74 7.94 7.61 6.83<br>
</u></div>
<div><u>CAD $/tonne 284.56 291.76 279.75 250.80<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 1.82 2.21 1.82 N/A 1.38 1.65 1.19 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 1.85 2.15 1.85 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 1.20 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 1.20 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 1.80 1.70 N/A N/A 1.23 1.12<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 1.87 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 2.43<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.15 N/A N/A N/A 1.58 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.12 N/A N/A N/A 1.75 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.77US 7.55CA 5.77US 7.55CA<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 1.55 1.81 1.49 0.99<br>
</u></div>
<div><u>CAD $/bu 7.23 7.49 7.16 6.74<br>
</u></div>
<div><u>CAD $/tonne 265.48 275.09 263.07 247.57<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 451.73<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 215.00 - 220.00<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
</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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