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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, October 16</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.3182 down 0.0044</u></div>
<div><u>Chicago corn closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> DEC20 HI 4.09 DEC21 HI 3.97</u></div>
<div><u> LOW 4.01 3/4 LOW 3.94</u></div>
<div><u> CLOSE4.02 Down 1 3/4 CLOSE 3.95 3/4 Up 1</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+MAR21+MAR21</u></div>
<div><u>CK Low 1.10 5.12 201.57 0.85 4.81 189.26</u></div>
<div><u>CK High 1.15 5.17 203.53 0.85 4.81 189.26</u></div>
<div><u>CK Avg 1.13 -0.11 5.15 202.88 0.85 -0.31 4.81 189.26</u></div>
<div><u>Essex Cty 1.15 5.17 203.53 0.85 4.81 189.26</u></div>
<div><u>Mdsx Low 1.10 5.12 201.57 0.85 4.81 189.26</u></div>
<div><u>Mdsx High 1.15 5.17 203.53 0.85 4.81 189.26</u></div>
<div><u>Mdsx Avg 1.13 -0.12 5.15 202.55 0.85 -0.31 4.81 189.26</u></div>
<div><u>Hensall 1.13 5.15 202.88 0.87 4.82 189.92</u></div>
<div><u>Bruce 1.15 5.17 203.53 0.85 4.81 189.26</u></div>
<div><u>Putnam 1.15 5.17 203.53 0.85 4.81 189.26</u></div>
<div><u>Burford 1.10 5.12 201.57 0.85 4.81 189.26</u></div>
<div><u>Port Perry 1.20 5.22 205.50 0.95 4.91 193.20</u></div>
<div><u>Norfolk 1.15 5.17 203.53 0.85 4.81 189.26</u></div>
<div><u>Palmerston 1.22 5.24 206.29 0.86 4.82 189.66</u></div>
<div><u>Varna 1.10 5.12 201.57 0.85 4.81 189.26</u></div>
<div><u>Trenton 1.20 5.22 205.50 0.95 4.91 193.20</u></div>
<div><u>Winchester 1.50 5.52 217.31 1.30 5.26 206.98</u></div>
<div><u>North Gower 1.46 5.48 215.74 1.26 5.22 205.40</u></div>
<div><u>Vankleek Hil 1.31 5.33 209.83 0.92 4.88 192.02</u></div>
<div><u>Huron FOB 1.25 1.25 1.32 1.38 5.27 207.47N/A</u></div>
<div><u>Kent FOB N/A 0.90 4.86 191.23</u></div>
<div><u>Lamb FOB 1.35 5.37 211.41 1.00 4.96 195.17</u></div>
<div><u>Mdsx FOB 1.25 1.25 1.35 1.40 5.27 207.47N/A</u></div>
<div><u>FOB SW Que 1.81 5.83 229.52N/A</u></div>
<div><u>Track 1.80 5.82 229.12N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.56 1.58 1.19 5.15 202.65</u></div>
<div><u>Jhnstwn-Eth N/A N/A 1.71 1.71 1.39 5.35 210.52</u></div>
<div><u>Aylmer-Eth N/A 1.55 1.55 1.60 N/A</u></div>
<div><u>Sarn-Eth N/A 1.40 1.45 1.50 N/A</u></div>
<div><u>London-Ing N/A 1.55 1.60 1.65 1.25 5.21 205.01</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A</u></div>
<div><u>Cardnl-Ing 1.75 1.65 1.60 1.65 5.77 227.15 1.35 5.31 208.95</u></div>
<div><u>W O Feed 1.82 5.84 230.01</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.88 5.90 232.27</u></div>
<div><u>Toledo El. -0.20 3.82 150.48 -0.26 3.69 145.43</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.55 5.57 219.28 1.00 4.96 195.17</u></div>
<div><u>Prescott 1.64 5.66 222.82 1.32 5.28 207.77</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.15 1 5.17</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3182 down 0.0044</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> NOV20 HI 10.70 3/4 NOV21 HI 9.78 3/4</u></div>
<div><u> LOW 10.48 3/4 LOW 9.70</u></div>
<div><u> CLOSE10.50 Down 12 1/4 CLOSE 9.70 1/4 Down 3 1/4</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+JAN21+JAN21</u></div>
<div><u>CK Low 2.75 13.25 486.85 2.45 12.15 446.53</u></div>
<div><u>CK High 2.90 13.40 492.37 2.50 12.20 448.37</u></div>
<div><u>CK Average 2.85 -0.37 13.35 490.47 2.48 -0.45 12.19 447.75</u></div>
<div><u>Essex Cty 2.70 13.20 485.02 2.45 12.15 446.53</u></div>
<div><u>Mdsx Low 2.85 13.35 490.53 2.46 12.16 446.90</u></div>
<div><u>Mdsx High 2.90 13.40 492.37 2.50 12.20 448.37</u></div>
<div><u>Mdsx Average2.88 -0.35 13.38 491.45 2.48 -0.45 12.18 447.63</u></div>
<div><u>Hensall 2.93 13.43 493.59 2.50 12.20 448.37</u></div>
<div><u>Bruce 2.90 13.40 492.37 2.50 12.20 448.37</u></div>
<div><u>Putnam 2.90 13.40 492.37 2.50 12.20 448.37</u></div>
<div><u>Burford 2.92 13.42 493.10 2.53 12.23 449.47</u></div>
<div><u>Port Perry 2.84 13.34 490.16 2.45 12.15 446.53</u></div>
<div><u>Norfolk 2.80 13.30 488.69 2.45 12.15 446.53</u></div>
<div><u>Palmerston 2.75 13.25 486.85 2.48 12.18 447.63</u></div>
<div><u>Varna 2.95 13.45 494.20 2.50 12.20 448.37</u></div>
<div><u>Trenton 2.80 13.30 488.69 2.45 12.15 446.53</u></div>
<div><u>Winchester 3.00 13.50 496.04 2.63 12.33 453.14</u></div>
<div><u>North Gower 2.88 13.38 491.63 2.54 12.24 449.83</u></div>
<div><u>Vankleek Hil2.90 13.40 492.37 2.43 12.13 445.79</u></div>
<div><u>Huron FOB 3.11 3.24 3.24 2.98 13.61 500.08 N/A</u></div>
<div><u>Kent FOB 2.80 13.30 488.69 2.50 12.20 448.37</u></div>
<div><u>Lambton FOB 2.95 13.45 494.20 2.50 12.20 448.37</u></div>
<div><u>Mdsx FOB 3.01 3.21 3.14 3.01 13.51 496.41 2.58 12.28 451.30</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.01 13.51 496.41 2.60 12.30 452.04</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.35 13.85 508.90 2.90 12.60 463.06</u></div>
<div><u>Prescott 3.20 13.70 503.39 2.80 12.50 459.39</u></div>
<div><u>Port Colborn3.49 13.99 514.04 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.24 10.26 377.09 -0.46 9.24 339.57</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3182 down 0.0044</u></div>
<div><u>Chicago wheat closed slightly to moderately higher.</u></div>
<div><u>DEC20 HI 6.30 3/4 JUL21 HI 6.12</u></div>
<div><u> LOW 6.15 1/2 LOW 6.01 1/2</u></div>
<div><u> CLOSE 6.25 1/4 Up 7 CLOSE 6.09 Up 2 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed mixed.</u></div>
<div><u>DEC20 HI 5.66 SEP21 HI 5.93</u></div>
<div><u> LOW 5.57 LOW 5.82 1/4</u></div>
<div><u> CLOSE 5.59 3/4 Up 1 CLOSE 5.85 1/4 Down 4 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 1.53 1.73 1.53 1.32</u></div>
<div><u>CAD $/bu 7.78 7.98 7.78 6.92</u></div>
<div><u>CAD $/tonne 285.89 293.16 285.89 254.17</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 1.10 N/A N/A N/A 1.15 N/A</u></div>
<div><u>London 1.34 1.41 1.15 N/A 1.62 1.62 1.19 N/A</u></div>
<div><u>Hensall 1.35 N/A 1.10 N/A 1.40 N/A 1.15 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.20 N/A</u></div>
<div><u>Bruce 1.10 1.25 1.10 1.25 1.25 1.35 1.15 1.05</u></div>
<div><u>Essex N/A N/A 1.10 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Norwich 1.35 N/A 1.10 N/A 1.40 N/A 1.15 N/A</u></div>
<div><u>Port Hope N/A N/A 1.10 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Kent Bridge 1.35 N/A 1.10 N/A 1.40 N/A 1.15 N/A</u></div>
<div><u>Chatham N/A N/A 1.10 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Brigden N/A N/A 1.10 N/A N/A N/A 1.20 N/A</u></div>
<div><u>Palmerston N/A 1.65 1.25 1.19 N/A 1.55 1.22 0.93</u></div>
<div><u>Varna 1.15 1.30 1.10 N/A 1.35 1.40 1.15 N/A</u></div>
<div><u>Mitchell 1.35 1.40 1.10 N/A 1.40 1.45 1.15 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.88 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.35 1.20 0.95 N/A 1.67 1.41 0.90</u></div>
<div><u>W O Feed 1.75</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.74 N/A N/A N/A 1.59 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.99 N/A N/A N/A 2.06 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.15US 8.11CA 6.04US 7.95CA</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 1.72 1.85 1.55 1.06</u></div>
<div><u>CAD $/bu 7.81 7.94 7.64 6.92</u></div>
<div><u>CAD $/tonne 286.92 291.76 280.63 254.14</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 570.46</u></div>
<div><u>DDG's FOB Srn & Aylm 250.00 - 265.00</u></div>
<br>
<p class="MsoNoSpacing" 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<o:p style=""> </o:p></span></p>
<p class="MsoNoSpacing" 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
<o:p> </o:p></span></p>
<p class="MsoNoSpacing" 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<o:p> </o:p></span></p>
<p class="MsoNoSpacing" 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 class="MsoNoSpacing" 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><o:p> </o:p></span></p>
<p class="MsoNoSpacing" 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
<o:p> </o:p></span></p>
<span style="font-size: 10pt; line-height: 115%; font-family: "Courier New";">Fax. 519-674-1530<br>
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