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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 24<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 1.3147 up 0.0018<br>
</u></div>
<div><u>Chicago corn closed moderately lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 3.93 1/4 DEC20 HI 4.02 3/4<br>
</u></div>
<div><u> LOW 3.86 1/2 LOW 3.97 1/2<br>
</u></div>
<div><u> CLOSE3.87 1/4 Down 6 1/2 CLOSE 3.98 1/4 Down 5<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 5.17 203.63 0.85 4.83 190.25<br>
</u></div>
<div><u>CK High 1.35 5.22 205.60 0.90 4.88 192.22<br>
</u></div>
<div><u>CK Avg 1.33 0.09 5.21 204.94 0.87 -0.29 4.85 190.90<br>
</u></div>
<div><u>Essex Cty 1.35 5.22 205.60 0.85 4.83 190.25<br>
</u></div>
<div><u>Mdsx Low 1.30 5.17 203.63 0.85 4.83 190.25<br>
</u></div>
<div><u>Mdsx High 1.35 5.22 205.60 0.85 4.83 190.25<br>
</u></div>
<div><u>Mdsx Avg 1.33 0.08 5.20 204.62 0.85 -0.31 4.83 190.25<br>
</u></div>
<div><u>Hensall 1.33 5.20 204.62 0.88 4.86 191.23<br>
</u></div>
<div><u>Bruce 1.30 5.17 203.63 0.85 4.83 190.25<br>
</u></div>
<div><u>Putnam 1.30 5.17 203.63 0.85 4.83 190.25<br>
</u></div>
<div><u>Burford 1.35 5.22 205.60 0.85 4.83 190.25<br>
</u></div>
<div><u>Port Perry 1.35 5.22 205.60 0.95 4.93 194.18<br>
</u></div>
<div><u>Norfolk 1.35 5.22 205.60 0.85 4.83 190.25<br>
</u></div>
<div><u>Palmerston 1.36 5.23 205.99 0.93 4.91 193.40<br>
</u></div>
<div><u>Varna 1.30 5.17 203.63 0.85 4.83 190.25<br>
</u></div>
<div><u>Trenton 1.45 5.32 209.54 1.00 4.98 196.15<br>
</u></div>
<div><u>Winchester 1.40 5.27 207.57 1.30 5.28 207.96<br>
</u></div>
<div><u>North Gower 1.43 5.30 208.75 1.30 5.28 207.96<br>
</u></div>
<div><u>Huron FOB 1.55 5.42 213.47 0.87 4.85 191.03<br>
</u></div>
<div><u>Kent FOB 1.53 5.40 212.69 0.85 4.83 190.25<br>
</u></div>
<div><u>Lamb FOB 1.55 5.42 213.47 1.00 4.98 196.15<br>
</u></div>
<div><u>Mdsx FOB 1.45 1.50N/A N/A 5.32 209.54 0.90 4.88 192.22<br>
</u></div>
<div><u>FOB SW Que 2.34 6.21 244.58N/A<br>
</u></div>
<div><u>Track 1.78 5.65 222.33N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.07 5.05 198.91<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.90 1.40 5.38 211.90<br>
</u></div>
<div><u>Aylmer-Eth N/A 1.60N/A N/A 1.05 5.03 198.12<br>
</u></div>
<div><u>Sarn-Eth 1.60 1.60N/A N/A 5.47 215.44N/A<br>
</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.30 5.28 207.96<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 5.38 211.90<br>
</u></div>
<div><u>W O Feed 1.90 5.77 227.25<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.21 6.08 239.46<br>
</u></div>
<div><u>Toledo El. 0.30 4.17 164.36 -0.26 3.72 146.43<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.47 215.44 1.15 5.13 202.06<br>
</u></div>
<div><u>Prescott 1.90 5.77 227.25 1.45 5.43213 7/8<br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.32 1/2 5.19 3/4<br>
</u></div>
<div><u>HI SD CRN 1.35 5.22 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 1.3147 up 0.0018<br>
</u></div>
<div><u>Chicago soybeans closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 9.09 1/4 NOV20 HI 9.47<br>
</u></div>
<div><u> LOW 9.00 3/4 LOW 9.38 1/4<br>
</u></div>
<div><u> CLOSE9.02 Down 7 1/2 CLOSE 9.38 3/4 Down 8 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 2.25 11.27 414.102.15 11.54 423.93<br>
</u></div>
<div><u>CK High 2.30 11.32 415.942.20 11.59 425.77<br>
</u></div>
<div><u>CK Average 2.28 -0.4311.30 415.082.18 -0.5911.57 425.09<br>
</u></div>
<div><u>Essex Cty 2.30 11.32 415.942.20 11.59 425.77<br>
</u></div>
<div><u>Mdsx Low 2.25 11.27 414.102.15 11.54 423.93<br>
</u></div>
<div><u>Mdsx High 2.27 11.29 414.842.17 11.56 424.67<br>
</u></div>
<div><u>Mdsx Average 2.26 -0.4411.28 414.472.16 -0.6111.55 424.30<br>
</u></div>
<div><u>Hensall 2.25 11.27 414.102.15 11.54 423.93<br>
</u></div>
<div><u>Bruce 2.30 11.32 415.942.20 11.59 425.77<br>
</u></div>
<div><u>Putnam 2.25 11.27 414.102.15 11.54 423.93<br>
</u></div>
<div><u>Burford 2.34 11.36 417.412.24 11.63 427.24<br>
</u></div>
<div><u>Port Perry 2.26 11.28 414.472.16 11.55 424.30<br>
</u></div>
<div><u>Norfolk 2.30 11.32 415.942.20 11.59 425.77<br>
</u></div>
<div><u>Palmerston 2.31 11.33 416.312.17 11.56 424.67<br>
</u></div>
<div><u>Varna 2.30 11.32 415.942.20 11.59 425.77<br>
</u></div>
<div><u>Trenton 2.30 11.32 415.942.20 11.59 425.77<br>
</u></div>
<div><u>Winchester 2.30 11.32 415.942.30 11.69 429.44<br>
</u></div>
<div><u>North Gower 2.22 11.24 413.002.26 11.65 427.97<br>
</u></div>
<div><u>Huron FOB 2.40 11.42 419.612.25 11.64 427.60<br>
</u></div>
<div><u>Kent FOB 2.50 11.52 423.292.20 11.59 425.77<br>
</u></div>
<div><u>Lambton FOB 2.40 11.42 419.612.35 11.74 431.28<br>
</u></div>
<div><u>Middlesex FOB2.48 2.48 N/A N/A 11.50 422.552.33 11.72 430.54<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 2.70 11.72 430.642.49 11.88 436.42<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.80 11.82 434.312.65 12.04 442.30<br>
</u></div>
<div><u>Prescott N/A 2.50 11.89 436.79<br>
</u></div>
<div><u>Port Colborne2.64 11.66 428.432.68 12.07 443.40<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 9.02 331.43-0.39 8.99 330.44<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3147 up 0.0018<br>
</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.<br>
</u></div>
<div><u>MAR20 HI 5.81 3/4 JUL20 HI 5.79 3/4<br>
</u></div>
<div><u> LOW 5.69 1/2 LOW 5.69 1/4<br>
</u></div>
<div><u> CLOSE 5.73 1/2 Down 7 CLOSE 5.73 Down 5 3/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.<br>
</u></div>
<div><u>MAR20 HI 5.55 3/4 SEP20 HI 5.78<br>
</u></div>
<div><u> LOW 5.45 LOW 5.73<br>
</u></div>
<div><u> CLOSE 5.47 1/2 Down 8 1/4 CLOSE 5.73 Down 7 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 2.07 2.26 2.07 1.33<br>
</u></div>
<div><u>CAD $/bu 7.80 8.00 7.80 6.80<br>
</u></div>
<div><u>CAD $/tonne 286.69 293.94 286.69 249.98<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 1.72 1.26 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 1.87 1.79 N/A N/A 1.34 1.15<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 2.12 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 2.50<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 2.20 N/A N/A N/A 1.94 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.89US 7.74CA 5.83US 7.67CA<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 1.54 1.02<br>
</u></div>
<div><u>CAD $/bu 7.34 7.60 7.27 6.75<br>
</u></div>
<div><u>CAD $/tonne 269.62 279.28 267.20 247.87<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 443.47<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
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<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>
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<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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