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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, October 21</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 1.3124 up 0.0008</u></div>
<div><u>Chicago corn closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> DEC20 HI 4.15 1/4 DEC21 HI 4.01 1/2</u></div>
<div><u> LOW 4.07 3/4 LOW 3.99</u></div>
<div><u> CLOSE4.13 3/4 Up 5 CLOSE 3.99 1/2 Down 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+MAR21+MAR21</u></div>
<div><u>CK Low 1.20 5.34 210.13 0.90 4.90 192.71</u></div>
<div><u>CK High 1.20 5.34 210.13 0.90 4.90 192.71</u></div>
<div><u>CK Avg 1.20 -0.07 5.34 210.13 0.90 -0.26 4.90 192.71</u></div>
<div><u>Essex Cty 1.20 5.34 210.13 0.90 4.90 192.71</u></div>
<div><u>Mdsx Low 1.20 5.34 210.13 0.90 4.90 192.71</u></div>
<div><u>Mdsx High 1.20 5.34 210.13 0.90 4.90 192.71</u></div>
<div><u>Mdsx Avg 1.20 -0.07 5.34 210.13 0.90 -0.26 4.90 192.71</u></div>
<div><u>Hensall 1.20 5.34 210.13 0.88 4.88 192.05</u></div>
<div><u>Bruce 1.20 5.34 210.13 0.85 4.85 190.74</u></div>
<div><u>Putnam 1.20 5.34 210.13 0.90 4.90 192.71</u></div>
<div><u>Burford 1.20 5.34 210.13 0.90 4.90 192.71</u></div>
<div><u>Port Perry 1.25 5.39 212.10 0.95 4.95 194.68</u></div>
<div><u>Norfolk 1.20 5.34 210.13 0.90 4.90 192.71</u></div>
<div><u>Palmerston 1.14 5.28 207.77 0.85 4.85 190.74</u></div>
<div><u>Varna 1.20 5.34 210.13 0.85 4.85 190.74</u></div>
<div><u>Trenton 1.25 5.39 212.10 0.95 4.95 194.68</u></div>
<div><u>Winchester 1.55 5.69 223.91 1.25 5.25 206.49</u></div>
<div><u>North Gower 1.46 5.60 220.36 1.28 5.28 207.67</u></div>
<div><u>Vankleek Hil 1.28 5.42 213.28 0.92 4.92 193.49</u></div>
<div><u>Huron FOB 1.29 1.29 1.32 1.36 5.43 213.67N/A</u></div>
<div><u>Kent FOB N/A 0.95 4.95 194.68</u></div>
<div><u>Lamb FOB N/A 1.00 5.00 196.64</u></div>
<div><u>Mdsx FOB 1.30 1.30 1.40 1.45 5.44 214.06N/A</u></div>
<div><u>FOB SW Que 1.68 5.82 229.02N/A</u></div>
<div><u>Track 1.61 5.75 226.27N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.56 1.58 1.19 5.19 204.12</u></div>
<div><u>Jhnstwn-Eth N/A N/A 1.71 1.71 1.39 5.39 212.00</u></div>
<div><u>Aylmer-Eth N/A 1.60 1.60 1.60 1.20 5.20 204.52</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 5.25 206.49</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 5.89 231.78 1.35 5.35 210.42</u></div>
<div><u>W O Feed 1.82 5.96 234.46</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.95 6.09 239.65</u></div>
<div><u>Toledo El. -0.20 3.94 155.14 -0.26 3.73 146.96</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.60 5.74 225.88 1.00 5.00 196.64</u></div>
<div><u>Prescott 1.68 5.82 229.02 1.32 5.32 209.24</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.20 5.33 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3124 up 0.0008</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> NOV20 HI 10.77 NOV21 HI 9.85 1/2</u></div>
<div><u> LOW 10.64 1/4 LOW 9.78</u></div>
<div><u> CLOSE10.72 Up 8 CLOSE 9.82 1/2 Up 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 13.47 494.94 2.45 12.28 451.03</u></div>
<div><u>CK High 2.80 13.52 496.77 2.46 12.29 451.40</u></div>
<div><u>CK Average 2.79 -0.43 13.51 496.35 2.45 -0.46 12.28 451.09</u></div>
<div><u>Essex Cty 2.70 13.42 493.10 2.45 12.28 451.03</u></div>
<div><u>Mdsx Low 2.79 13.51 496.41 2.45 12.28 451.03</u></div>
<div><u>Mdsx High 2.80 13.52 496.77 2.47 12.30 451.76</u></div>
<div><u>Mdsx Average2.80 -0.42 13.52 496.59 2.46 -0.45 12.29 451.40</u></div>
<div><u>Hensall 2.87 13.59 499.22 2.48 12.31 452.25</u></div>
<div><u>Bruce 2.85 13.57 498.61 2.50 12.33 452.87</u></div>
<div><u>Putnam 2.80 13.52 496.77 2.45 12.28 451.03</u></div>
<div><u>Burford 2.86 13.58 498.98 2.54 12.37 454.34</u></div>
<div><u>Port Perry 2.78 13.50 496.04 2.46 12.29 451.40</u></div>
<div><u>Norfolk 2.80 13.52 496.77 2.45 12.28 451.03</u></div>
<div><u>Palmerston 2.86 13.58 498.98 2.47 12.30 451.76</u></div>
<div><u>Varna 2.90 13.62 500.45 2.50 12.33 452.87</u></div>
<div><u>Trenton 2.80 13.52 496.77 2.45 12.28 451.03</u></div>
<div><u>Winchester 3.00 13.72 504.12 2.63 12.46 457.64</u></div>
<div><u>North Gower 2.92 13.64 501.18 2.58 12.41 455.81</u></div>
<div><u>Vankleek Hil2.82 13.54 497.51 2.33 12.16 446.62</u></div>
<div><u>Huron FOB 3.05 3.18 3.18 2.92 13.77 505.96 N/A</u></div>
<div><u>Kent FOB 2.80 13.52 496.77 2.45 12.28 451.03</u></div>
<div><u>Lambton FOB 2.90 13.62 500.45 2.40 12.23 449.19</u></div>
<div><u>Mdsx FOB 2.94 3.14 3.14 2.94 13.66 501.92 2.53 12.36 453.97</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.01 13.73 504.49 2.58 12.41 455.81</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.25 13.97 513.31 2.85 12.68 465.73</u></div>
<div><u>Prescott 3.08 13.80 507.06 2.74 12.57 461.68</u></div>
<div><u>Port Colborn3.42 14.14 519.56 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.16 10.56 388.11 -0.46 9.37 344.15</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3124 up 0.0008</u></div>
<div><u>Chicago wheat closed narrowly mixed.</u></div>
<div><u>DEC20 HI 6.37 1/2 JUL21 HI 6.24 3/4</u></div>
<div><u> LOW 6.28 3/4 LOW 6.18</u></div>
<div><u> CLOSE 6.29 3/4 Down 2 1/4 CLOSE 6.21 Up 2 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>DEC20 HI 5.87 3/4 SEP21 HI 5.99</u></div>
<div><u> LOW 5.76 3/4 LOW 5.92 3/4</u></div>
<div><u> CLOSE 5.82 1/2 Up 4 3/4 CLOSE 5.97 Up 1 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 1.51 1.70 1.51 1.36</u></div>
<div><u>CAD $/bu 7.81 8.00 7.81 7.19</u></div>
<div><u>CAD $/tonne 286.81 294.04 286.81 264.02</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 1.32 1.39 1.13 N/A 1.61 1.61 1.15 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 1.15 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 1.64 1.24 1.23 N/A 1.56 1.23 0.94</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 1.66 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 1.76</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.72 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 1.97 N/A N/A N/A 2.06 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.10US 8.00CA 6.16US 8.07CA</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 1.65 1.79 1.48 1.07</u></div>
<div><u>CAD $/bu 7.86 8.00 7.69 7.04</u></div>
<div><u>CAD $/tonne 288.98 293.80 282.72 258.64</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 588.42</u></div>
<div><u>DDG's FOB Srn & Aylm 250.00 - 275.00</u></div>
<br>
---</div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
Ontario Grain Market Commentary for October 21, 2020</div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
By Todd Austin, Grain Farmers of Ontario</div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<br>
</div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div style="">Wednesday, October 21, 2020</div>
<div style="">COMMODITY PERIOD PRICE WEEKLY MOVEMENT</div>
<div style="">Corn CBOT Dec 4.13 ¨ú ¡è 17 ¨ù Cents</div>
<div style="">Soybeans CBOT Nov 10.72 ¡è 15 ¨ú Cents</div>
<div style="">Wheat CBOT Dec 6.29 ¨ú ¡è 33 Cents</div>
<div style="">Wheat Minn. Dec 5.82 ¨ù ¡è 36 ¨ö Cents</div>
<div style="">Wheat Kansas Dec 5.69 ¨ú ¡è 34 ¨ö Cents</div>
<div style="">Oats CBOT Dec 3.04 ¡è 16 ¨ù Cents</div>
<div style=""></div>
<div style="">Canadian $ Sept 0.7619 ¡è 82 Points</div>
<div style=""><br>
</div>
<div style=""><br>
</div>
<div style="">CORN: </div>
<div style="">The U.S. corn harvest was 60% complete as of last Sunday. The current harvest pace is well above the five-year average of 43%. Closer to home, both Michigan and Ohio corn harvest is 24% complete.</div>
<div style="">Chicago corn futures continue to rise and are at 14-month highs due to strong buyer demand and dry weather concerns in Brazil. The full season corn in Brazil is 47% planted which is a slower pace than the 5-year average of 54%. The full season
corn crop accounts for a quarter of Brazil¡¯s production. The safrinha corn crop represents three-quarters of Brazil¡¯s corn production, and the concern with this crop is that planting delays of soybeans will delay the planting of this corn crop later in the
season.</div>
<div style=""><br>
</div>
<div style="">SOYBEANS: </div>
<div style="">The U.S. soybean harvest is 75% complete. As with the corn harvest, the soybean harvest is well above the five-year average of 58%. The Michigan and Ohio soybean harvests are 64% and 65% complete.
</div>
<div style="">Soybean futures are riding on strong U.S. export sales to China and to South American planting delays. Brazil soybean planting remains slow as only 6% of the crop has been planted. Last year over 19% of the crop had been planted by this time.</div>
<div style=""><br>
</div>
<div style="">WHEAT:</div>
<div style="">Chicago wheat futures are nearing six-year highs amid fears of weather concerns in some key wheat growing regions such as Argentina, Russia, and the Ukraine.</div>
<div style="">The U.S. Plains have had well below normal rain fall for August and September. According to the USDA¡¯s drought monitor report, 41% of the U.S. winter wheat crop is located in areas experiencing drought. The U.S. Plains have had well below normal
rain fall for August and September. This factor has the potential to negatively impact germination and the establishment of the wheat crop in these regions.</div>
<div style="">2020 crop year prices for October 21, 2020, at the market close, are as follows:</div>
<div style=""><br>
</div>
<div style="">SWW at $286.82/mt ($7.81/bu), HRW at $294.06/mt ($8.00/bu) + protein,
</div>
<div style="">HRS at $ 264.04/mt ($7.19/bu) + protein, and SRW at $286.82/mt ($7.81/bu).</div>
<div style=""><br>
</div>
<div style="">We offer on farm bids for 2020 wheat and 2021 harvest prices as well, please call
</div>
<div style="">1-800-265-0550 for more information.</div>
<div style=""><br>
</div>
<div style="">---</div>
<div style="">
<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"">Blair Andrews<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"">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>
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<span style="font-size:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
<br>
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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