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<span><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 31<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 1.3243 up 0.0023<br>
</u></div>
<div><u>Chicago corn closed slightly higher.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 3.82 3/4 DEC20 HI 3.93<br>
</u></div>
<div><u> LOW 3.78 3/4 LOW 3.89 1/2<br>
</u></div>
<div><u> CLOSE3.81 1/4 Up 1 3/4 CLOSE 3.90 3/4 Up 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 1.35 5.16 203.24 0.85 4.76 187.29<br>
</u></div>
<div><u>CK High 1.35 5.16 203.24 0.95 4.86 191.23<br>
</u></div>
<div><u>CK Avg 1.35 0.09 5.16 203.24 0.88 -0.30 4.78 188.28<br>
</u></div>
<div><u>Essex Cty 1.35 5.16 203.24 0.85 4.76 187.29<br>
</u></div>
<div><u>Mdsx Low 1.35 5.16 203.24 0.85 4.76 187.29<br>
</u></div>
<div><u>Mdsx High 1.35 5.16 203.24 0.85 4.76 187.29<br>
</u></div>
<div><u>Mdsx Avg 1.35 0.09 5.16 203.24 0.85 -0.31 4.76 187.29<br>
</u></div>
<div><u>Hensall 1.38 5.19 204.22 0.88 4.78 188.28<br>
</u></div>
<div><u>Bruce 1.35 5.16 203.24 0.85 4.76 187.29<br>
</u></div>
<div><u>Putnam 1.35 5.16 203.24 0.85 4.76 187.29<br>
</u></div>
<div><u>Burford 1.35 5.16 203.24 0.85 4.76 187.29<br>
</u></div>
<div><u>Port Perry 1.40 5.21 205.21 0.95 4.86 191.23<br>
</u></div>
<div><u>Norfolk 1.35 5.16 203.24 0.85 4.76 187.29<br>
</u></div>
<div><u>Palmerston 1.36 5.17 203.63 0.93 4.84 190.44<br>
</u></div>
<div><u>Varna 1.35 5.16 203.24 0.85 4.76 187.29<br>
</u></div>
<div><u>Trenton 1.50 5.31 209.14 1.00 4.91 193.20<br>
</u></div>
<div><u>Winchester 1.45 5.26 207.18 1.30 5.21 205.01<br>
</u></div>
<div><u>North Gower 1.43 5.24 206.39 1.35 5.26 206.98<br>
</u></div>
<div><u>Huron FOB 1.55 5.36 211.11 0.87 4.78 188.08<br>
</u></div>
<div><u>Kent FOB 1.53 5.34 210.32 0.85 4.76 187.29<br>
</u></div>
<div><u>Lamb FOB 1.55 5.36 211.11 0.98 4.89 192.41<br>
</u></div>
<div><u>Mdsx FOB 1.55 1.55N/A N/A 5.36 211.11 0.90 4.81 189.26<br>
</u></div>
<div><u>FOB SW Que 2.28 6.09 239.85N/A<br>
</u></div>
<div><u>Track 1.79 5.60 220.36N/A<br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.05 4.96 195.17<br>
</u></div>
<div><u>Jhnstwn-Eth N/A 1.94 2.03 2.09 1.51 5.42 213.28<br>
</u></div>
<div><u>Aylmer-Eth N/A 1.72N/A N/A 1.05 4.96 195.17<br>
</u></div>
<div><u>Sarn-Eth 1.60 1.60N/A N/A 5.41 213.08N/A<br>
</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.30 5.21 205.01<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 N/A 2.05 2.10 1.40 5.31 208.95<br>
</u></div>
<div><u>W O Feed 1.93 5.74 225.91<br>
</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.23 6.04 237.88<br>
</u></div>
<div><u>Toledo El. 0.30 4.12 162.08 -0.26 3.64 143.41<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Pt. Colb 1.60 5.41 213.08 1.15 5.06 199.10<br>
</u></div>
<div><u>Prescott 1.85 5.66 222.92 1.40 5.31209<br>
</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 1.35 5.16 1/4<br>
</u></div>
<div><u>HI SD CRN 1.35 5.16 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 1.3243 up 0.0023<br>
</u></div>
<div><u>Chicago soybeans closed slightly lower.<br>
</u></div>
<div><u><br>
</u></div>
<div><u> MAR20 HI 8.82 3/4 NOV20 HI 9.21 3/4<br>
</u></div>
<div><u> LOW 8.72 1/4 LOW 9.11 3/4<br>
</u></div>
<div><u> CLOSE8.72 1/2 Down 3 3/4 CLOSE 9.12 1/4 Down 3 3/4<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 10.98 403.262.15 11.27 414.19<br>
</u></div>
<div><u>CK High 2.30 11.03 405.102.20 11.32 416.03<br>
</u></div>
<div><u>CK Average 2.28 -0.4211.00 404.182.18 -0.5911.30 415.23<br>
</u></div>
<div><u>Essex Cty 2.30 11.03 405.102.20 11.32 416.03<br>
</u></div>
<div><u>Mdsx Low 2.25 10.98 403.262.15 11.27 414.19<br>
</u></div>
<div><u>Mdsx High 2.26 10.99 403.632.15 11.27 414.19<br>
</u></div>
<div><u>Mdsx Average 2.26 -0.4310.98 403.452.15 -0.6111.27 414.19<br>
</u></div>
<div><u>Hensall 2.28 11.00 404.182.18 11.30 415.11<br>
</u></div>
<div><u>Bruce 2.25 10.98 403.262.15 11.27 414.19<br>
</u></div>
<div><u>Putnam 2.25 10.98 403.262.15 11.27 414.19<br>
</u></div>
<div><u>Burford 2.33 11.06 406.202.22 11.34 416.77<br>
</u></div>
<div><u>Port Perry 2.25 10.98 403.262.14 11.26 413.83<br>
</u></div>
<div><u>Norfolk 2.30 11.03 405.102.20 11.32 416.03<br>
</u></div>
<div><u>Palmerston 2.30 11.03 405.102.15 11.27 414.19<br>
</u></div>
<div><u>Varna 2.30 11.03 405.102.20 11.32 416.03<br>
</u></div>
<div><u>Trenton 2.25 10.98 403.262.15 11.27 414.19<br>
</u></div>
<div><u>Winchester 2.30 11.03 405.102.27 11.39 418.60<br>
</u></div>
<div><u>North Gower 2.26 10.99 403.632.28 11.40 418.97<br>
</u></div>
<div><u>Huron FOB 2.45 11.18 410.612.30 11.42 419.71<br>
</u></div>
<div><u>Kent FOB 2.50 11.23 412.452.20 11.32 416.03<br>
</u></div>
<div><u>Lambton FOB 2.45 11.18 410.612.35 11.47 421.54<br>
</u></div>
<div><u>Middlesex FOB2.41 2.41 2.47 N/A 11.14 409.142.25 11.37 417.87<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Windsor 2.69 11.42 419.432.49 11.61 426.69<br>
</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER<br>
</u></div>
<div><u>Hamilton 2.85 11.58 425.312.65 11.77 432.57<br>
</u></div>
<div><u>Prescott N/A 2.50 11.62 427.05<br>
</u></div>
<div><u>Port Colborne2.62 11.35 416.862.66 11.78 432.93<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 8.73 320.59-0.40 8.73 320.60<br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3243 up 0.0023<br>
</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.<br>
</u></div>
<div><u>MAR20 HI 5.66 JUL20 HI 5.62<br>
</u></div>
<div><u> LOW 5.52 3/4 LOW 5.51 1/4<br>
</u></div>
<div><u> CLOSE 5.53 3/4 Down 6 3/4 CLOSE 5.52 1/2 Down 4 1/2<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.<br>
</u></div>
<div><u>MAR20 HI 5.41 1/2 SEP20 HI 5.65 3/4<br>
</u></div>
<div><u> LOW 5.32 1/2 LOW 5.60<br>
</u></div>
<div><u> CLOSE 5.33 3/4 Down 2 3/4 CLOSE 5.61 Down 3 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 2.06 2.26 2.06 1.33<br>
</u></div>
<div><u>CAD $/bu 7.60 7.80 7.60 6.67<br>
</u></div>
<div><u>CAD $/tonne 279.19 286.49 279.19 245.13<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 1.44 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 2.10 1.85 1.80 1.45 1.65 1.20 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 1.86 1.79 N/A N/A 1.28 1.22<br>
</u></div>
<div><u>Varna 1.95 2.10 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 2.07 N/A N/A N/A N/A<br>
</u></div>
<div><u>North Gower N/A 1.90 1.75 0.95 N/A 1.82 1.47 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 1.64 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS<br>
</u></div>
<div><u>Toledo FM N/A N/A 2.19 N/A N/A N/A 1.92 N/A<br>
</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.69US 7.53CA 5.63US 7.45CA<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 1.86 1.52 1.02<br>
</u></div>
<div><u>CAD $/bu 7.12 7.38 7.05 6.63<br>
</u></div>
<div><u>CAD $/tonne 261.46 271.19 259.03 243.71<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 435.42<br>
</u></div>
<div><u>DDG's FOB Srn & Aylm 230.00 - 235.00<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><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>
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
</span></p>
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