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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, January 21<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 0.0009<br>
</u></div>
<div><u>Chicago corn closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 3.89 1/4 DEC20 HI 4.02 1/4<br>
</u></div>
<div><u> LOW 3.84 1/4 LOW 3.99 1/4<br>
</u></div>
<div><u> CLOSE3.87 1/2 Down 1 3/4 CLOSE 4.01 1/2 Down 1 1/4<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 5.18 203.73 0.85 4.87 191.53<br>
</u></div>
<div><u>CK High 1.35 5.23 205.70 0.95 4.97 195.46<br>
</u></div>
<div><u>CK Avg 1.33 0.10 5.20 204.71 0.88 -0.28 4.89 192.51<br>
</u></div>
<div><u>Essex Cty 1.35 5.23 205.70 0.85 4.87 191.53<br>
</u></div>
<div><u>Mdsx Low 1.30 5.18 203.73 0.85 4.87 191.53<br>
</u></div>
<div><u>Mdsx High 1.30 5.18 203.73 0.85 4.87 191.53<br>
</u></div>
<div><u>Mdsx Avg 1.30 0.08 5.18 203.73 0.85 -0.29 4.87 191.53<br>
</u></div>
<div><u>Hensall 1.33 5.20 204.71 0.88 4.89 192.51<br>
</u></div>
<div><u>Bruce 1.30 5.18 203.73 0.85 4.87 191.53<br>
</u></div>
<div><u>Putnam 1.30 5.18 203.73 0.85 4.87 191.53<br>
</u></div>
<div><u>Burford 1.30 5.18 203.73 0.85 4.87 191.53<br>
</u></div>
<div><u>Port Perry 1.35 5.23 205.70 0.90 4.92 193.49<br>
</u></div>
<div><u>Norfolk 1.35 5.23 205.70 0.85 4.87 191.53<br>
</u></div>
<div><u>Palmerston 1.32 5.20 204.52 0.91 4.93 193.89<br>
</u></div>
<div><u>Varna 1.30 5.18 203.73 0.85 4.87 191.53<br>
</u></div>
<div><u>Trenton 1.40 5.28 207.67 1.00 5.02 197.43<br>
</u></div>
<div><u>Winchester 1.45 5.33 209.64 1.30 5.32 209.24<br>
</u></div>
<div><u>North Gower 1.40 5.28 207.67 1.30 5.32 209.24<br>
</u></div>
<div><u>Huron FOB 1.50 5.38 211.60 0.87 4.89 192.31<br>
</u></div>
<div><u>Kent FOB 1.48 5.36 210.82 0.85 4.87 191.53<br>
</u></div>
<div><u>Lamb FOB 1.50 5.38 211.60 0.95 4.97 195.46<br>
</u></div>
<div><u>Mdsx FOB 1.45 1.50N/A N/A 5.33 209.64 0.90 4.92 193.49<br>
</u></div>
<div><u>FOB SW Que 2.31 6.19 243.49N/A<br>
</u></div>
<div><u>Track 1.74 5.62 221.05N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.04 5.06 199.01<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.86 1.37 5.39 212.00<br>
</u></div>
<div><u>Aylmer-Eth N/A 1.60N/A N/A 1.05 5.07 199.40<br>
</u></div>
<div><u>Sarn-Eth 1.60 1.60N/A N/A 5.48 215.54N/A<br>
</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.30 5.32 209.24<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 5.42 213.18<br>
</u></div>
<div><u>W O Feed 1.85 5.72 225.30<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.17 6.05 237.98<br>
</u></div>
<div><u>Toledo El. 0.30 4.18 164.39 -0.26 3.75 147.77<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.48 215.54 1.15 5.17 203.34<br>
</u></div>
<div><u>Prescott 1.80 5.68 223.41 1.45 5.47215 1/7<br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.32 1/2 5.20<br>
</u></div>
<div><u>HI SD CRN 1.35 5.22 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 1.3076 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 9.31 1/2 NOV20 HI 9.62 3/4<br>
</u></div>
<div><u> LOW 9.15 1/4 LOW 9.49 1/4<br>
</u></div>
<div><u> CLOSE9.16 Down 13 3/4 CLOSE 9.51 1/4 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 2.24 11.40 418.882.13 11.64 427.79<br>
</u></div>
<div><u>CK High 2.30 11.46 421.082.20 11.71 430.36<br>
</u></div>
<div><u>CK Average 2.27 -0.4211.43 419.802.16 -0.5811.68 429.01<br>
</u></div>
<div><u>Essex Cty 2.25 11.41 419.252.15 11.66 428.52<br>
</u></div>
<div><u>Mdsx Low 2.25 11.41 419.252.11 11.62 427.05<br>
</u></div>
<div><u>Mdsx High 2.25 11.41 419.252.15 11.66 428.52<br>
</u></div>
<div><u>Mdsx Average 2.25 -0.4311.41 419.252.13 -0.6111.64 427.79<br>
</u></div>
<div><u>Hensall 2.25 11.41 419.252.15 11.66 428.52<br>
</u></div>
<div><u>Bruce 2.25 11.41 419.252.15 11.66 428.52<br>
</u></div>
<div><u>Putnam 2.25 11.41 419.252.15 11.66 428.52<br>
</u></div>
<div><u>Burford 2.32 11.48 421.822.18 11.69 429.63<br>
</u></div>
<div><u>Port Perry 2.24 11.40 418.882.10 11.61 426.69<br>
</u></div>
<div><u>Norfolk 2.25 11.41 419.252.15 11.66 428.52<br>
</u></div>
<div><u>Palmerston 2.29 11.45 420.722.13 11.64 427.79<br>
</u></div>
<div><u>Varna 2.25 11.41 419.252.15 11.66 428.52<br>
</u></div>
<div><u>Trenton 2.25 11.41 419.252.15 11.66 428.52<br>
</u></div>
<div><u>Winchester 2.25 11.41 419.252.25 11.76 432.20<br>
</u></div>
<div><u>North Gower 2.12 11.28 414.472.22 11.73 431.10<br>
</u></div>
<div><u>Huron FOB 2.40 11.56 424.762.25 11.76 432.20<br>
</u></div>
<div><u>Kent FOB 2.50 11.66 428.432.15 11.66 428.52<br>
</u></div>
<div><u>Lambton FOB 2.40 11.56 424.762.30 11.81 434.04<br>
</u></div>
<div><u>Middlesex FOB2.40 2.40 N/A N/A 11.56 424.762.22 11.73 431.10<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 2.68 11.84 435.052.47 11.98 440.28<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.75 11.91 437.622.60 12.11 445.06<br>
</u></div>
<div><u>Prescott N/A 2.45 11.96 439.55<br>
</u></div>
<div><u>Port Colborne2.61 11.77 432.472.63 12.14 446.16<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.07 9.09 334.17-0.46 9.05 332.71<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3076 up 0.0009<br>
</u></div>
<div><u>Chicago wheat closed moderately higher.<br>
</u></div>
<div><u>MAR20 HI 5.82 3/4 JUL20 HI 5.81 1/4<br>
</u></div>
<div><u> LOW 5.66 3/4 LOW 5.67 3/4<br>
</u></div>
<div><u> CLOSE 5.81 1/2 Up 11 CLOSE 5.80 1/2 Up 10<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.<br>
</u></div>
<div><u>MAR20 HI 5.63 SEP20 HI 5.85 1/2<br>
</u></div>
<div><u> LOW 5.56 1/4 LOW 5.79 3/4<br>
</u></div>
<div><u> CLOSE 5.62 1/4 Up 2 1/4 CLOSE 5.84 3/4 Up 1 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 2.18 2.38 2.05 1.34<br>
</u></div>
<div><u>CAD $/bu 8.00 8.19 7.87 6.96<br>
</u></div>
<div><u>CAD $/tonne 293.81 301.01 289.00 255.73<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 1.87 2.26 1.87 N/A 1.41 1.67 1.22 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 2.20 1.90 1.70 1.40 1.60 1.20 1.10<br>
</u></div>
<div><u>Essex N/A N/A 1.80 N/A N/A N/A 1.25 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 1.25 N/A<br>
</u></div>
<div><u>Brigden N/A N/A 1.80 N/A N/A N/A 1.25 N/A<br>
</u></div>
<div><u>Palmerston N/A N/A 1.85 1.79 N/A N/A 1.33 1.14<br>
</u></div>
<div><u>Varna 1.90 2.20 1.80 N/A 1.40 1.60 1.20 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 2.00 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 2.46<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.20 N/A N/A N/A 1.61 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.18 N/A N/A N/A 1.92 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.97US 7.80CA 5.91US 7.72CA<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 1.59 1.85 1.52 1.01<br>
</u></div>
<div><u>CAD $/bu 7.39 7.66 7.33 6.86<br>
</u></div>
<div><u>CAD $/tonne 271.69 281.30 269.28 252.11<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 438.84<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 215.00 - 225.00<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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