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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, January 27<br>
</u></span>
<div><u>(All Bases in CAD)<br>
</u></div>
<div><u>Exchange rate was 1.3181 up 0.0034<br>
</u></div>
<div><u>Chicago corn closed slightly to moderately lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 3.84 3/4 DEC20 HI 3.97<br>
</u></div>
<div><u> LOW 3.77 1/4 LOW 3.92 1/4<br>
</u></div>
<div><u> CLOSE3.80 1/2 Down 6 3/4 CLOSE 3.95 1/4 Down 3<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 5.11 200.97 0.85 4.80 189.07<br>
</u></div>
<div><u>CK High 1.35 5.16 202.94 0.95 4.90 193.00<br>
</u></div>
<div><u>CK Avg 1.33 0.09 5.14 202.29 0.88 -0.29 4.83 190.05<br>
</u></div>
<div><u>Essex Cty 1.35 5.16 202.94 0.85 4.80 189.07<br>
</u></div>
<div><u>Mdsx Low 1.30 5.11 200.97 0.85 4.80 189.07<br>
</u></div>
<div><u>Mdsx High 1.35 5.16 202.94 0.85 4.80 189.07<br>
</u></div>
<div><u>Mdsx Avg 1.33 0.09 5.13 201.96 0.85 -0.31 4.80 189.07<br>
</u></div>
<div><u>Hensall 1.35 5.16 202.94 0.88 4.83 190.05<br>
</u></div>
<div><u>Bruce 1.35 5.16 202.94 0.85 4.80 189.07<br>
</u></div>
<div><u>Putnam 1.30 5.11 200.97 0.85 4.80 189.07<br>
</u></div>
<div><u>Burford 1.35 5.16 202.94 0.85 4.80 189.07<br>
</u></div>
<div><u>Port Perry 1.35 5.16 202.94 0.95 4.90 193.00<br>
</u></div>
<div><u>Norfolk 1.35 5.16 202.94 0.85 4.80 189.07<br>
</u></div>
<div><u>Palmerston 1.34 5.15 202.55 0.92 4.87 191.82<br>
</u></div>
<div><u>Varna 1.35 5.16 202.94 0.85 4.80 189.07<br>
</u></div>
<div><u>Trenton 1.45 5.26 206.88 1.00 4.95 194.97<br>
</u></div>
<div><u>Winchester 1.40 5.21 204.91 1.30 5.25 206.78<br>
</u></div>
<div><u>North Gower 1.43 5.24 206.09 1.30 5.25 206.78<br>
</u></div>
<div><u>Huron FOB 1.60 5.41 212.79 0.87 4.82 189.85<br>
</u></div>
<div><u>Kent FOB 1.53 5.34 210.03 0.85 4.80 189.07<br>
</u></div>
<div><u>Lamb FOB 1.55 5.36 210.82 1.00 4.95 194.97<br>
</u></div>
<div><u>Mdsx FOB 1.45 1.50N/A N/A 5.26 206.88 0.90 4.85 191.03<br>
</u></div>
<div><u>FOB SW Que 2.26 6.07 238.77N/A<br>
</u></div>
<div><u>Track 1.78 5.58 219.67N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.03 4.98 196.15<br>
</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.87 1.36 5.31 209.14<br>
</u></div>
<div><u>Aylmer-Eth N/A 1.60N/A N/A 1.05 5.00 196.94<br>
</u></div>
<div><u>Sarn-Eth 1.60 1.60N/A N/A 5.41 212.79N/A<br>
</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.30 5.25 206.78<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 5.35 210.72<br>
</u></div>
<div><u>W O Feed 1.90 5.71 224.60<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.21 6.02 236.80<br>
</u></div>
<div><u>Toledo El. 0.30 4.11 161.73 -0.26 3.69 145.23<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.41 212.79 1.15 5.10 200.88<br>
</u></div>
<div><u>Prescott 1.85 5.66 222.63 1.40 5.35210 5/7<br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.32 1/2 5.13<br>
</u></div>
<div><u>HI SD CRN 1.35 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 1.3181 up 0.0034<br>
</u></div>
<div><u>Chicago soybeans closed mixed.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 9.00 NOV20 HI 9.37<br>
</u></div>
<div><u> LOW 8.88 1/4 LOW 9.26 1/2<br>
</u></div>
<div><u> CLOSE8.97 1/4 Down 4 3/4 CLOSE 9.33 1/2 Down 5 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 2.25 11.22 412.362.15 11.49 422.00<br>
</u></div>
<div><u>CK High 2.30 11.27 414.192.20 11.54 423.84<br>
</u></div>
<div><u>CK Average 2.28 -0.4311.25 413.522.18 -0.5911.52 423.23<br>
</u></div>
<div><u>Essex Cty 2.30 11.27 414.192.20 11.54 423.84<br>
</u></div>
<div><u>Mdsx Low 2.25 11.22 412.362.15 11.49 422.00<br>
</u></div>
<div><u>Mdsx High 2.30 11.27 414.192.18 11.52 423.10<br>
</u></div>
<div><u>Mdsx Average 2.28 -0.4411.25 413.272.17 -0.6111.50 422.55<br>
</u></div>
<div><u>Hensall 2.25 11.22 412.362.15 11.49 422.00<br>
</u></div>
<div><u>Bruce 2.25 11.22 412.362.15 11.49 422.00<br>
</u></div>
<div><u>Putnam 2.25 11.22 412.362.15 11.49 422.00<br>
</u></div>
<div><u>Burford 2.37 11.34 416.772.25 11.59 425.68<br>
</u></div>
<div><u>Port Perry 2.29 11.26 413.832.17 11.51 422.74<br>
</u></div>
<div><u>Norfolk 2.30 11.27 414.192.20 11.54 423.84<br>
</u></div>
<div><u>Palmerston 2.33 11.30 415.302.17 11.51 422.74<br>
</u></div>
<div><u>Varna 2.25 11.22 412.362.15 11.49 422.00<br>
</u></div>
<div><u>Trenton 2.25 11.22 412.362.15 11.49 422.00<br>
</u></div>
<div><u>Winchester 2.30 11.27 414.192.30 11.64 427.51<br>
</u></div>
<div><u>North Gower 2.22 11.19 411.252.26 11.60 426.04<br>
</u></div>
<div><u>Huron FOB 2.40 11.37 417.872.25 11.59 425.68<br>
</u></div>
<div><u>Kent FOB 2.50 11.47 421.542.20 11.54 423.84<br>
</u></div>
<div><u>Lambton FOB 2.40 11.37 417.872.35 11.69 429.35<br>
</u></div>
<div><u>Middlesex FOB2.45 2.45 N/A N/A 11.42 419.712.28 11.62 426.78<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 2.72 11.69 429.632.50 11.84 434.86<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.80 11.77 432.572.65 11.99 440.37<br>
</u></div>
<div><u>Prescott N/A 2.50 11.84 434.86<br>
</u></div>
<div><u>Port Colborne2.66 11.63 427.422.69 12.03 441.84<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 8.97 329.68-0.40 8.94 328.48<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3181 up 0.0034<br>
</u></div>
<div><u>Chicago wheat closed narrowly mixed.<br>
</u></div>
<div><u>MAR20 HI 5.73 1/4 JUL20 HI 5.71 1/4<br>
</u></div>
<div><u> LOW 5.59 1/2 LOW 5.61<br>
</u></div>
<div><u> CLOSE 5.72 1/4 Down 1 1/4 CLOSE 5.70 3/4 Down 2 1/4<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.<br>
</u></div>
<div><u>MAR20 HI 5.48 3/4 SEP20 HI 5.73 1/4<br>
</u></div>
<div><u> LOW 5.40 LOW 5.65 3/4<br>
</u></div>
<div><u> CLOSE 5.47 1/4 Down 1/4 CLOSE 5.73 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 7.81 8.00 7.81 6.82<br>
</u></div>
<div><u>CAD $/tonne 286.84 294.11 286.84 250.52<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 1.46 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 1.90 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 1.37 1.16<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 1.76 1.51 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 1.66 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.22 N/A N/A N/A 1.95 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.87US 7.74CA 5.81US 7.65CA<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 1.62 1.88 1.55 1.03<br>
</u></div>
<div><u>CAD $/bu 7.32 7.59 7.26 6.76<br>
</u></div>
<div><u>CAD $/tonne 269.11 278.80 266.69 248.53<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 442.92<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 215.00 - 225.00<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>
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<div><span style="color:rgb(51,51,51); font-family:"Courier New",monospace; font-size:10pt; background-color:rgb(253,253,253)"><u></u></span></div>
<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""><u>Blair Andrews</u></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""><u>Editor, AgriLink and Farm Market News
</u></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""><u>University of Guelph, Ridgetown Campus</u></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><u> </u></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""><u>Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
</span></u></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""><u>Tel. 519-674-1500 x 63577
</u></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""><u>Fax. 519-674-1530<br>
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