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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 23<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 1.3129 down 0.0018<br>
</u></div>
<div><u>Chicago corn closed slightly to moderately higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 3.94 DEC20 HI 4.03 1/4<br>
</u></div>
<div><u> LOW 3.87 1/2 LOW 3.99 1/4<br>
</u></div>
<div><u> CLOSE3.93 3/4 Up 5 CLOSE 4.03 1/4 Up 2 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 5.24 206.19 0.85 4.88 192.22<br>
</u></div>
<div><u>CK High 1.35 5.29 208.16 0.90 4.93 194.18<br>
</u></div>
<div><u>CK Avg 1.33 0.07 5.26 207.18 0.87 -0.30 4.90 192.87<br>
</u></div>
<div><u>Essex Cty 1.35 5.29 208.16 0.85 4.88 192.22<br>
</u></div>
<div><u>Mdsx Low 1.30 5.24 206.19 0.85 4.88 192.22<br>
</u></div>
<div><u>Mdsx High 1.30 5.24 206.19 0.85 4.88 192.22<br>
</u></div>
<div><u>Mdsx Avg 1.30 0.05 5.24 206.19 0.85 -0.31 4.88 192.22<br>
</u></div>
<div><u>Hensall 1.33 5.26 207.18 0.88 4.91 193.20<br>
</u></div>
<div><u>Bruce 1.30 5.24 206.19 0.85 4.88 192.22<br>
</u></div>
<div><u>Putnam 1.30 5.24 206.19 0.85 4.88 192.22<br>
</u></div>
<div><u>Burford 1.30 5.24 206.19 0.85 4.88 192.22<br>
</u></div>
<div><u>Port Perry 1.35 5.29 208.16 0.90 4.93 194.18<br>
</u></div>
<div><u>Norfolk 1.35 5.29 208.16 0.85 4.88 192.22<br>
</u></div>
<div><u>Palmerston 1.36 5.30 208.55 0.93 4.96 195.36<br>
</u></div>
<div><u>Varna 1.30 5.24 206.19 0.85 4.88 192.22<br>
</u></div>
<div><u>Trenton 1.40 5.34 210.13 1.00 5.03 198.12<br>
</u></div>
<div><u>Winchester 1.45 5.39 212.10 1.35 5.38 211.90<br>
</u></div>
<div><u>North Gower 1.43 5.37 211.31 1.30 5.33 209.93<br>
</u></div>
<div><u>Huron FOB 1.55 5.49 216.03 0.87 4.90 193.00<br>
</u></div>
<div><u>Kent FOB 1.48 5.42 213.28 0.85 4.88 192.22<br>
</u></div>
<div><u>Lamb FOB 1.50 5.44 214.06 0.95 4.98 196.15<br>
</u></div>
<div><u>Mdsx FOB 1.45 1.50N/A N/A 5.39 212.10 0.90 4.93 194.18<br>
</u></div>
<div><u>FOB SW Que 2.41 6.35 249.89N/A<br>
</u></div>
<div><u>Track 1.78 5.72 225.09N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.08 5.11 201.27<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.91 1.41 5.44 214.26<br>
</u></div>
<div><u>Aylmer-Eth N/A 1.60N/A N/A 1.05 5.08 200.09<br>
</u></div>
<div><u>Sarn-Eth 1.60 1.60N/A N/A 5.54 218.00N/A<br>
</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.30 5.33 209.93<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 5.43 213.87<br>
</u></div>
<div><u>W O Feed 1.91 5.85 230.13<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.22 6.16 242.41<br>
</u></div>
<div><u>Toledo El. 0.30 4.24 166.90 -0.26 3.77 148.42<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.54 218.00 1.15 5.18 204.03<br>
</u></div>
<div><u>Prescott 1.90 5.84 229.81 1.45 5.48215 5/6<br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.32 1/2 5.26 1/4<br>
</u></div>
<div><u>HI SD CRN 1.35 5.28 3/4<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 1.3129 down 0.0018<br>
</u></div>
<div><u>Chicago soybeans closed mixed.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 9.14 3/4 NOV20 HI 9.50<br>
</u></div>
<div><u> LOW 9.04 LOW 9.41 1/2<br>
</u></div>
<div><u> CLOSE9.09 1/2 Down 4 1/4 CLOSE 9.47 1/4 Down 3<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 11.34 416.492.14 11.61 426.69<br>
</u></div>
<div><u>CK High 2.30 11.40 418.692.20 11.67 428.89<br>
</u></div>
<div><u>CK Average 2.29 -0.4211.39 418.332.19 -0.5911.66 428.52<br>
</u></div>
<div><u>Essex Cty 2.30 11.40 418.692.20 11.67 428.89<br>
</u></div>
<div><u>Mdsx Low 2.25 11.35 416.862.12 11.59 425.95<br>
</u></div>
<div><u>Mdsx High 2.30 11.40 418.692.20 11.67 428.89<br>
</u></div>
<div><u>Mdsx Average 2.28 -0.4411.37 417.782.16 -0.6111.63 427.42<br>
</u></div>
<div><u>Hensall 2.25 11.35 416.862.25 11.72 430.73<br>
</u></div>
<div><u>Bruce 2.30 11.40 418.692.20 11.67 428.89<br>
</u></div>
<div><u>Putnam 2.30 11.40 418.692.20 11.67 428.89<br>
</u></div>
<div><u>Burford 2.32 11.42 419.432.19 11.66 428.52<br>
</u></div>
<div><u>Port Perry 2.24 11.34 416.492.11 11.58 425.58<br>
</u></div>
<div><u>Norfolk 2.30 11.40 418.692.20 11.67 428.89<br>
</u></div>
<div><u>Palmerston 2.33 11.43 419.802.16 11.63 427.42<br>
</u></div>
<div><u>Varna 2.30 11.40 418.692.20 11.67 428.89<br>
</u></div>
<div><u>Trenton 2.25 11.35 416.862.15 11.62 427.05<br>
</u></div>
<div><u>Winchester 2.25 11.35 416.862.25 11.72 430.73<br>
</u></div>
<div><u>North Gower 2.22 11.32 415.762.26 11.73 431.10<br>
</u></div>
<div><u>Huron FOB 2.45 11.55 424.212.30 11.77 432.57<br>
</u></div>
<div><u>Kent FOB 2.55 11.65 427.882.20 11.67 428.89<br>
</u></div>
<div><u>Lambton FOB 2.45 11.55 424.212.35 11.82 434.40<br>
</u></div>
<div><u>Middlesex FOB2.40 2.40 N/A N/A 11.50 422.372.23 11.70 429.99<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 2.71 11.81 433.762.50 11.97 439.91<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.85 11.95 438.902.65 12.12 445.43<br>
</u></div>
<div><u>Prescott N/A 2.50 11.97 439.91<br>
</u></div>
<div><u>Port Colborne2.61 11.71 430.092.64 12.11 445.06<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 9.10 334.18-0.39 9.08 333.59<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3129 down 0.0018<br>
</u></div>
<div><u>Chicago wheat closed slightly higher.<br>
</u></div>
<div><u>MAR20 HI 5.83 JUL20 HI 5.80 1/2<br>
</u></div>
<div><u> LOW 5.75 1/4 LOW 5.74 3/4<br>
</u></div>
<div><u> CLOSE 5.80 1/2 Up 2 3/4 CLOSE 5.78 3/4 Up 2<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.<br>
</u></div>
<div><u>MAR20 HI 5.60 1/2 SEP20 HI 5.83<br>
</u></div>
<div><u> LOW 5.52 3/4 LOW 5.77 1/4<br>
</u></div>
<div><u> CLOSE 5.55 3/4 Up 1/4 CLOSE 5.80 1/4 Up 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 2.08 2.28 2.08 1.35<br>
</u></div>
<div><u>CAD $/bu 7.88 8.08 7.88 6.90<br>
</u></div>
<div><u>CAD $/tonne 289.69 296.93 289.69 253.63<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 1.92 2.31 1.92 N/A 1.45 1.71 1.25 N/A<br>
</u></div>
<div><u>Hensall 1.85 N/A 1.85 N/A 1.45 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 1.85 2.20 1.85 1.80 1.45 1.65 1.25 1.20<br>
</u></div>
<div><u>Essex N/A N/A 1.85 N/A N/A N/A 1.25 N/A<br>
</u></div>
<div><u>Norwich 1.85 N/A 1.85 N/A 1.45 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 1.85 N/A 1.85 N/A 1.45 N/A 1.25 N/A<br>
</u></div>
<div><u>Chatham N/A N/A 1.85 N/A N/A N/A 1.25 N/A<br>
</u></div>
<div><u>Brigden N/A N/A 1.85 N/A N/A N/A 1.25 N/A<br>
</u></div>
<div><u>Palmerston N/A N/A 1.89 1.81 N/A N/A 1.36 1.17<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 1.85 2.20 1.85 N/A 1.45 1.60 1.25 N/A<br>
</u></div>
<div><u>Thornton N/A N/A N/A 2.11 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 1.90 1.75 1.00 N/A 1.75 1.50 0.95<br>
</u></div>
<div><u>W O Feed 2.52<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL<br>
</u></div>
<div><u>Port Colbor N/A N/A 2.25 N/A N/A N/A 1.65 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.21 N/A N/A N/A 1.94 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.96US 7.82CA 5.89US 7.73CA<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 1.61 1.87 1.55 1.03<br>
</u></div>
<div><u>CAD $/bu 7.40 7.66 7.33 6.83<br>
</u></div>
<div><u>CAD $/tonne 271.86 281.50 269.45 250.88<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 444.13<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 215.00 - 225.00<br>
</u></div>
<div><u><br>
</u></div>
<u><span></span><br>
</u></div>
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<div id="divtagdefaultwrapper" style="font-size:12pt; color:#000000; background-color:#FFFFFF; font-family:Calibri,Arial,Helvetica,sans-serif">
<p style="margin-top: 0px; margin-bottom: 0px;"></p>
<p style="margin-top: 0px; margin-bottom: 0px;"><span style="font-family: "Courier New"; font-size: 10pt;">Blair Andrews</span><br>
</p>
<div style="margin-top: 0px; margin-bottom: 0px;">
<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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<span style="font-size:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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