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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 16<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 1.3049 up 0.0006<br>
</u></div>
<div><u>Chicago corn closed lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 3.87 3/4 DEC20 HI 4.02 1/4<br>
</u></div>
<div><u> LOW 3.75 1/4 LOW 3.93 1/4<br>
</u></div>
<div><u> CLOSE3.75 1/2 Down 12 CLOSE 3.94 Down 8 1/2<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 5.06 199.01 0.85 4.79 188.57<br>
</u></div>
<div><u>CK High 1.40 5.16 202.94 0.95 4.89 192.51<br>
</u></div>
<div><u>CK Avg 1.33 0.14 5.09 200.32 0.88 -0.24 4.82 189.89<br>
</u></div>
<div><u>Essex Cty 1.35 5.11 200.97 0.85 4.79 188.57<br>
</u></div>
<div><u>Mdsx Low 1.30 5.06 199.01 0.85 4.79 188.57<br>
</u></div>
<div><u>Mdsx High 1.30 5.06 199.01 0.85 4.79 188.57<br>
</u></div>
<div><u>Mdsx Avg 1.30 0.12 5.06 199.01 0.85 -0.27 4.79 188.57<br>
</u></div>
<div><u>Hensall 1.33 5.08 199.99 0.88 4.82 189.56<br>
</u></div>
<div><u>Bruce 1.30 5.06 199.01 0.85 4.79 188.57<br>
</u></div>
<div><u>Putnam 1.30 5.06 199.01 0.85 4.79 188.57<br>
</u></div>
<div><u>Burford 1.30 5.06 199.01 0.85 4.79 188.57<br>
</u></div>
<div><u>Port Perry 1.35 5.11 200.97 0.90 4.84 190.54<br>
</u></div>
<div><u>Norfolk 1.35 5.11 200.97 0.85 4.79 188.57<br>
</u></div>
<div><u>Palmerston 1.28 5.04 198.22 0.86 4.80 188.97<br>
</u></div>
<div><u>Varna 1.30 5.06 199.01 0.85 4.79 188.57<br>
</u></div>
<div><u>Trenton 1.45 5.21 204.91 0.95 4.89 192.51<br>
</u></div>
<div><u>Winchester 1.45 5.21 204.91 1.30 5.24 206.29<br>
</u></div>
<div><u>North Gower 1.40 5.16 202.94 1.30 5.24 206.29<br>
</u></div>
<div><u>Huron FOB 1.50 5.26 206.88 0.87 4.81 189.36<br>
</u></div>
<div><u>Kent FOB 1.48 5.24 206.09 0.85 4.79 188.57<br>
</u></div>
<div><u>Lamb FOB 1.50 5.26 206.88 0.95 4.89 192.51<br>
</u></div>
<div><u>Mdsx FOB 1.45 1.45N/A N/A 5.21 204.91 0.90 4.84 190.54<br>
</u></div>
<div><u>FOB SW Que 2.18 5.94 233.65N/A<br>
</u></div>
<div><u>Track 1.72 5.47 215.34N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.02 4.96 195.27<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.83 1.34 5.28 207.86<br>
</u></div>
<div><u>Aylmer-Eth N/A 1.60N/A N/A 1.05 4.99 196.45<br>
</u></div>
<div><u>Sarn-Eth 1.60 1.60N/A N/A 5.36 210.82N/A<br>
</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.30 5.24 206.29<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 5.34 210.23<br>
</u></div>
<div><u>W O Feed 1.81 5.57 219.16<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.13 5.89 231.68<br>
</u></div>
<div><u>Toledo El. 0.30 4.06 159.64 -0.26 3.68 144.84<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.36 210.82 1.15 5.09 200.38<br>
</u></div>
<div><u>Prescott 1.80 5.56 218.69 1.45 5.39212 1/5<br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.35 5.10 1/2<br>
</u></div>
<div><u>HI SD CRN 1.40 5.15 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 1.3049 up 0.0006<br>
</u></div>
<div><u>Chicago soybeans closed mixed.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 9.30 1/4 NOV20 HI 9.59 1/4<br>
</u></div>
<div><u> LOW 9.22 LOW 9.53 1/2<br>
</u></div>
<div><u> CLOSE9.24 Down 4 3/4 CLOSE 9.56 1/4 Down 2 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 +MAR2+MAR2+MAY20<br>
</u></div>
<div><u>CK Low 2.21 11.45 420.722.12 11.68 429.26<br>
</u></div>
<div><u>CK High 2.30 11.54 424.022.20 11.76 432.20<br>
</u></div>
<div><u>CK Average 2.26 -0.4311.50 422.552.16 -0.5811.72 430.79<br>
</u></div>
<div><u>Essex Cty 2.25 11.49 422.192.15 11.71 430.36<br>
</u></div>
<div><u>Mdsx Low 2.22 11.46 421.082.10 11.66 428.52<br>
</u></div>
<div><u>Mdsx High 2.25 11.49 422.192.15 11.71 430.36<br>
</u></div>
<div><u>Mdsx Average 2.24 -0.4511.48 421.632.13 -0.6011.69 429.44<br>
</u></div>
<div><u>Hensall 2.25 11.49 422.192.15 11.71 430.36<br>
</u></div>
<div><u>Bruce 2.25 11.49 422.192.15 11.71 430.36<br>
</u></div>
<div><u>Putnam 2.25 11.49 422.192.15 11.71 430.36<br>
</u></div>
<div><u>Burford 2.29 11.53 423.652.17 11.73 431.10<br>
</u></div>
<div><u>Port Perry 2.21 11.45 420.722.09 11.65 428.16<br>
</u></div>
<div><u>Norfolk 2.25 11.49 422.192.15 11.71 430.36<br>
</u></div>
<div><u>Palmerston 2.29 11.53 423.652.10 11.66 428.52<br>
</u></div>
<div><u>Varna 2.25 11.49 422.192.15 11.71 430.36<br>
</u></div>
<div><u>Trenton 2.25 11.49 422.192.15 11.71 430.36<br>
</u></div>
<div><u>Winchester 2.25 11.49 422.192.28 11.84 435.14<br>
</u></div>
<div><u>North Gower 2.12 11.36 417.412.22 11.78 432.93<br>
</u></div>
<div><u>Huron FOB 2.40 11.64 427.702.25 11.81 434.04<br>
</u></div>
<div><u>Kent FOB 2.50 11.74 431.372.15 11.71 430.36<br>
</u></div>
<div><u>Lambton FOB 2.45 11.69 429.532.30 11.86 435.87<br>
</u></div>
<div><u>Middlesex FOB2.41 2.41 N/A N/A 11.65 428.062.23 11.79 433.30<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 2.75 11.99 440.562.46 12.02 441.75<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.80 12.04 442.392.60 12.16 446.90<br>
</u></div>
<div><u>Prescott N/A 2.45 12.01 441.38<br>
</u></div>
<div><u>Port Colborne2.62 11.86 435.782.64 12.20 448.37<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.07 9.17 337.11-0.46 9.11 334.58<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3049 up 0.0006<br>
</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.<br>
</u></div>
<div><u>MAR20 HI 5.73 1/2 JUL20 HI 5.74 1/2<br>
</u></div>
<div><u> LOW 5.60 LOW 5.62 1/2<br>
</u></div>
<div><u> CLOSE 5.65 1/4 Down 8 CLOSE 5.66 3/4 Down 8<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.<br>
</u></div>
<div><u>MAR20 HI 5.60 SEP20 HI 5.82 1/2<br>
</u></div>
<div><u> LOW 5.49 LOW 5.75<br>
</u></div>
<div><u> CLOSE 5.50 1/4 Down 6 CLOSE 5.75 Down 4 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 1.29<br>
</u></div>
<div><u>CAD $/bu 7.77 7.96 7.64 6.79<br>
</u></div>
<div><u>CAD $/tonne 285.40 292.59 280.61 249.44<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 1.25 N/A<br>
</u></div>
<div><u>London 1.84 2.23 1.84 N/A 1.39 1.65 1.19 N/A<br>
</u></div>
<div><u>Hensall 1.80 N/A 1.80 N/A 1.40 N/A 1.25 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 1.90 2.25 1.90 1.75 1.45 1.65 1.25 1.15<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 1.25 N/A<br>
</u></div>
<div><u>Port Hope N/A N/A 1.75 N/A N/A N/A 1.30 N/A<br>
</u></div>
<div><u>Kent Bridge 1.80 N/A 1.80 N/A 1.40 N/A 1.25 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 1.79 1.75 N/A N/A 1.27 1.10<br>
</u></div>
<div><u>Varna 1.95 2.25 1.85 N/A 1.45 1.65 1.25 N/A<br>
</u></div>
<div><u>Mitchell 1.80 2.15 1.80 N/A 1.40 1.60 1.25 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 1.94 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 1.65 1.40 0.87<br>
</u></div>
<div><u>W O Feed 2.39<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.17 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 2.11 N/A N/A N/A 1.86 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.80US 7.57CA 5.77US 7.52CA<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 1.47 0.97<br>
</u></div>
<div><u>CAD $/bu 7.20 7.46 7.13 6.72<br>
</u></div>
<div><u>CAD $/tonne 264.51 274.10 262.11 246.89<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 451.51<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 215.00 - 220.00<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>
<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>
<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"">Tel. 519-674-1500 x 63577
</span></p>
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