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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, September 25</u>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3399 up 0.0065</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> DEC20 HI 3.67 1/2 DEC20 HI 3.67 1/2</u></div>
<div><u> LOW 3.63 LOW 3.63</u></div>
<div><u> CLOSE3.65 1/4 Up 1 3/4 CLOSE 3.65 1/4 Up 1 3/4</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS</u></div>
<div><u>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +DEC20+DEC20+MAR21</u></div>
<div><u>CK Low 1.65 5.30 208.75 1.10 4.75 187.10</u></div>
<div><u>CK High 1.70 5.35 210.72 1.10 4.75 187.10</u></div>
<div><u>CK Avg 1.66 0.31 5.31 209.08 1.10 -0.11 4.75 187.10</u></div>
<div><u>Essex Cty 1.70 5.35 210.72 1.10 4.75 187.10</u></div>
<div><u>Mdsx Low 1.65 5.30 208.75 1.10 4.75 187.10</u></div>
<div><u>Mdsx High 1.65 5.30 208.75 1.10 4.75 187.10</u></div>
<div><u>Mdsx Avg 1.65 0.30 5.30 208.75 1.10 -0.11 4.75 187.10</u></div>
<div><u>Hensall 1.67 5.32 209.41 1.12 4.77 187.75</u></div>
<div><u>Bruce 1.65 5.30 208.75 1.10 4.75 187.10</u></div>
<div><u>Putnam 1.65 5.30 208.75 1.10 4.75 187.10</u></div>
<div><u>Burford 1.65 5.30 208.75 1.10 4.75 187.10</u></div>
<div><u>Port Perry 1.65 5.30 208.75 1.20 4.85 191.03</u></div>
<div><u>Norfolk 1.70 5.35 210.72 1.10 4.75 187.10</u></div>
<div><u>Palmerston 1.75 5.40 212.69 1.11 4.76 187.49</u></div>
<div><u>Varna 1.65 5.30 208.75 1.10 4.75 187.10</u></div>
<div><u>Trenton 1.65 5.30 208.75 1.20 4.85 191.03</u></div>
<div><u>Winchester N/A 1.50 5.15 202.84</u></div>
<div><u>North Gower 1.65 5.30 208.75 1.45 5.10 200.88</u></div>
<div><u>Vankleek Hil 1.37 5.02 197.73 1.24 4.89 192.61</u></div>
<div><u>Huron FOB 2.09 5.74 226.07 1.29 4.94 194.58</u></div>
<div><u>Kent FOB 1.90 5.55 218.59 1.20 4.85 191.03</u></div>
<div><u>Lamb FOB 2.05 5.70 224.50 1.25 4.90 193.00</u></div>
<div><u>Mdsx FOB 2.10 1.20 1.20N/A 5.75 226.47 1.20 4.85 191.03</u></div>
<div><u>FOB SW Que 1.62 5.27 207.57N/A</u></div>
<div><u>Track 2.14 5.79 228.04N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A 1.31 N/A</u></div>
<div><u>Jhnstwn-Eth N/A N/A 1.48 1.51 1.48 5.13 202.06</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Sarn-Eth N/A N/A 1.25N/A 1.25 4.90 193.00</u></div>
<div><u>London-Ing N/A 1.65 1.45 1.45 1.45 5.10 200.88</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A</u></div>
<div><u>Cardnl-Ing N/A 1.70 1.65 1.50 1.65* 5.30 208.75</u></div>
<div><u>W O Feed 2.41 6.06 238.51</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.11 5.76 226.86</u></div>
<div><u>Toledo El. -0.20 3.45 135.88 -0.27 3.38 133.24</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 2.20 5.85 230.40 1.50 5.15 202.84</u></div>
<div><u>Prescott 1.90 5.55 218.59 1.77 5.42 213.47</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.10 4.75 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3399 up 0.0065</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> NOV20 HI 10.08 NOV21 HI 9.53</u></div>
<div><u> LOW 9.95 1/4 LOW 9.42</u></div>
<div><u> CLOSE10.02 1/2 Up 2 1/2 CLOSE 9.48 1/4 Up 2</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP NEW CROP</u></div>
<div><u>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt Basis U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +NOV20+NOV20+JAN21</u></div>
<div><u>CK Low 2.70 12.73 467.56 2.45 11.93 438.44</u></div>
<div><u>CK High 2.76 12.79 469.77 2.49 11.97 439.91</u></div>
<div><u>CK Average 2.72 -0.51 12.74 468.24 2.46 -0.57 11.94 438.74</u></div>
<div><u>Essex Cty 2.70 12.73 467.56 2.45 11.93 438.44</u></div>
<div><u>Mdsx Low 2.70 12.73 467.56 2.45 11.93 438.44</u></div>
<div><u>Mdsx High 2.74 12.77 469.03 2.47 11.95 439.18</u></div>
<div><u>Mdsx Average2.72 -0.51 12.75 468.30 2.46 -0.57 11.94 438.81</u></div>
<div><u>Hensall 2.73 12.76 468.79 2.45 11.93 438.44</u></div>
<div><u>Bruce 2.70 12.73 467.56 2.45 11.93 438.44</u></div>
<div><u>Putnam 2.70 12.73 467.56 2.45 11.93 438.44</u></div>
<div><u>Burford 2.81 12.84 471.61 2.54 12.02 441.75</u></div>
<div><u>Port Perry 2.73 12.76 468.67 2.46 11.94 438.81</u></div>
<div><u>Norfolk 2.70 12.73 467.56 2.45 11.93 438.44</u></div>
<div><u>Palmerston 2.66 12.69 466.09 2.51 11.99 440.65</u></div>
<div><u>Varna 2.75 12.78 469.40 2.45 11.93 438.44</u></div>
<div><u>Trenton 2.75 12.78 469.40 2.45 11.93 438.44</u></div>
<div><u>Winchester 2.80 12.83 471.24 2.60 12.08 443.96</u></div>
<div><u>North Gower 2.80 12.83 471.24 2.56 12.04 442.49</u></div>
<div><u>Vankleek Hil2.94 12.97 476.38 2.58 12.06 443.22</u></div>
<div><u>Huron FOB 2.84 12.87 472.71 N/A</u></div>
<div><u>Kent FOB 2.70 12.73 467.56 2.45 11.93 438.44</u></div>
<div><u>Lambton FOB 2.80 12.83 471.24 2.50 11.98 440.28</u></div>
<div><u>Mdsx FOB 2.87 2.87 3.08 N/A 12.90 473.81 2.69 12.17 447.26</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.16 13.19 484.47 2.64 12.12 445.43</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.15 13.18 484.10 2.85 12.33 453.14</u></div>
<div><u>Prescott 3.15 13.18 484.10 2.84 12.32 452.77</u></div>
<div><u>Port Colborn3.28 13.31 488.88 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.27 9.76 358.51 -0.47 9.01 331.19</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3399 up 0.0065</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>DEC20 HI 5.52 1/2 JUL21 HI 5.63 3/4</u></div>
<div><u> LOW 5.43 3/4 LOW 5.55 1/2</u></div>
<div><u> CLOSE 5.44 1/4 Down 5 1/2 CLOSE 5.56 Down 5</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>DEC20 HI 5.36 1/4 SEP21 HI 5.67</u></div>
<div><u> LOW 5.29 LOW 5.65 3/4</u></div>
<div><u> CLOSE 5.29 3/4 Down 5 CLOSE 5.65 3/4 Down 2 3/4</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 20 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.38 1.58 1.38 1.33</u></div>
<div><u>CAD $/bu 6.82 7.02 6.82 6.63</u></div>
<div><u>CAD $/tonne 250.73 258.11 250.73 243.59</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2020 Harvest 2021</u></div>
<div><u> DELIVERED BASIS DELIVERED BASIS</u></div>
<div><u>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)</u></div>
<div><u>ELEVATORS</u></div>
<div><u>Brgssvll N/A N/A 1.05 N/A N/A N/A 1.15 N/A</u></div>
<div><u>London 1.19 1.26 1.06 N/A 1.56 1.56 1.16 N/A</u></div>
<div><u>Hensall 1.30 N/A 1.05 N/A 1.35 N/A 1.15 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.05 N/A</u></div>
<div><u>Bruce 1.05 1.15 1.05 0.95 1.25 1.20 1.15 N/A</u></div>
<div><u>Essex N/A N/A 1.05 N/A N/A N/A 1.20 N/A</u></div>
<div><u>Norwich 1.30 N/A 1.05 N/A 1.35 N/A 1.15 N/A</u></div>
<div><u>Port Hope N/A N/A 1.05 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Kent Bridge 1.30 N/A 1.05 N/A 1.35 N/A 1.15 N/A</u></div>
<div><u>Chatham N/A N/A 1.05 N/A N/A N/A 1.20 N/A</u></div>
<div><u>Brigden N/A N/A 1.05 N/A N/A N/A 1.20 N/A</u></div>
<div><u>Palmerston N/A 1.52 1.12 1.19 N/A 1.69 1.22 0.85</u></div>
<div><u>Varna 1.10 1.10 1.05 N/A 1.30 1.20 1.15 N/A</u></div>
<div><u>Mitchell 1.30 1.35 1.05 N/A 1.35 1.45 1.15 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.21 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.40 1.25 1.00 N/A 1.66 1.47 0.92</u></div>
<div><u>W O Feed 1.68</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.52 N/A N/A N/A 1.56 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.85 N/A N/A N/A 2.02 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.34US 7.16CA 5.51US 7.38CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 21 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 1.76 1.89 1.56 1.12</u></div>
<div><u>CAD $/bu 7.32 7.45 7.12 6.78</u></div>
<div><u>CAD $/tonne 268.82 273.74 261.44 249.00</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS</u></div>
<div><u>FOB Hm Soymeal 538.60</u></div>
<div><u>DDG's FOB Srn & Aylm 250.00</u></div>
<u><br>
<br>
</u></div>
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<span style="font-size: 10pt; font-family: "Courier New";">Blair Andrews<o:p style=""> </o:p></span></p>
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<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<o:p> </o:p></span></p>
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