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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, October 22</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 1.314 up 0.0016</u></div>
<div><u>Chicago corn closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> DEC20 HI 4.19 DEC21 HI 3.99 1/2</u></div>
<div><u> LOW 4.10 3/4 LOW 3.95 3/4</u></div>
<div><u> CLOSE4.16 1/4 Up 2 1/2 CLOSE 3.96 1/2 Down 3</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 5.36 211.11 0.90 4.87 191.53</u></div>
<div><u>CK High 1.20 5.36 211.11 0.90 4.87 191.53</u></div>
<div><u>CK Avg 1.20 -0.08 5.36 211.11 0.90 -0.26 4.87 191.53</u></div>
<div><u>Essex Cty 1.20 5.36 211.11 0.90 4.87 191.53</u></div>
<div><u>Mdsx Low 1.20 5.36 211.11 0.90 4.87 191.53</u></div>
<div><u>Mdsx High 1.20 5.36 211.11 0.90 4.87 191.53</u></div>
<div><u>Mdsx Avg 1.20 -0.08 5.36 211.11 0.90 -0.26 4.87 191.53</u></div>
<div><u>Hensall 1.20 5.36 211.11 0.88 4.85 190.87</u></div>
<div><u>Bruce 1.20 5.36 211.11 0.85 4.82 189.56</u></div>
<div><u>Putnam 1.20 5.36 211.11 0.90 4.87 191.53</u></div>
<div><u>Burford 1.20 5.36 211.11 0.90 4.87 191.53</u></div>
<div><u>Port Perry 1.35 5.51 217.02 0.95 4.92 193.49</u></div>
<div><u>Norfolk 1.20 5.36 211.11 0.90 4.87 191.53</u></div>
<div><u>Palmerston 1.15 5.31 209.14 0.85 4.82 189.56</u></div>
<div><u>Varna 1.20 5.36 211.11 0.85 4.82 189.56</u></div>
<div><u>Trenton 1.35 5.51 217.02 0.95 4.92 193.49</u></div>
<div><u>Winchester 1.55 5.71 224.89 1.25 5.22 205.31</u></div>
<div><u>North Gower 1.46 5.62 221.35 1.28 5.25 206.49</u></div>
<div><u>Vankleek Hil 1.44 5.60 220.56 1.07 5.04 198.22</u></div>
<div><u>Huron FOB 1.29 1.29 1.32 1.36 5.45 214.66N/A</u></div>
<div><u>Kent FOB N/A 0.95 4.92 193.49</u></div>
<div><u>Lamb FOB N/A 1.00 4.97 195.46</u></div>
<div><u>Mdsx FOB 1.30 1.30 1.40 1.45 5.46 215.05N/A</u></div>
<div><u>FOB SW Que 1.66 5.82 229.22N/A</u></div>
<div><u>Track 1.62 5.78 227.45N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.55 1.57 1.18 5.15 202.55</u></div>
<div><u>Jhnstwn-Eth N/A N/A 1.57 1.64 1.38 5.35 210.42</u></div>
<div><u>Aylmer-Eth N/A 1.60 1.60 1.60 1.20 5.17 203.34</u></div>
<div><u>Sarn-Eth N/A 1.40 1.45 1.50 N/A</u></div>
<div><u>London-Ing N/A 1.60 1.65 1.65 1.25 5.22 205.31</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 1.70 1.65 1.65 5.91 232.76 1.35 5.32 209.24</u></div>
<div><u>W O Feed 1.83 5.99 235.84</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.96 6.12 241.03</u></div>
<div><u>Toledo El. -0.20 3.97 156.11 -0.26 3.70 145.75</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.65 5.81 228.83 1.00 4.97 195.46</u></div>
<div><u>Prescott 1.70 5.86 230.80 1.42 5.39 212.00</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.20 5.36 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 1.314 up 0.0016</u></div>
<div><u>Chicago soybeans closed steady to slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> NOV20 HI 10.85 1/4 NOV21 HI 9.86 1/2</u></div>
<div><u> LOW 10.63 1/2 LOW 9.76</u></div>
<div><u> CLOSE10.73 3/4 Up 1 3/4 CLOSE 9.82 1/2 Unchanged</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 13.49 495.58 2.45 12.28 451.03</u></div>
<div><u>CK High 2.85 13.59 499.26 2.45 12.28 451.03</u></div>
<div><u>CK Average 2.82 -0.42 13.55 498.03 2.45 -0.49 12.28 451.03</u></div>
<div><u>Essex Cty 2.75 13.49 495.58 2.45 12.28 451.03</u></div>
<div><u>Mdsx Low 2.80 13.54 497.42 2.45 12.28 451.03</u></div>
<div><u>Mdsx High 2.86 13.60 499.62 2.46 12.29 451.40</u></div>
<div><u>Mdsx Average2.83 -0.41 13.57 498.52 2.46 -0.48 12.28 451.21</u></div>
<div><u>Hensall 2.87 13.60 499.87 2.48 12.31 452.25</u></div>
<div><u>Bruce 2.85 13.59 499.26 2.50 12.33 452.87</u></div>
<div><u>Putnam 2.80 13.54 497.42 2.45 12.28 451.03</u></div>
<div><u>Burford 2.93 13.67 502.19 2.53 12.36 453.97</u></div>
<div><u>Port Perry 2.85 13.59 499.26 2.45 12.28 451.03</u></div>
<div><u>Norfolk 2.85 13.59 499.26 2.45 12.28 451.03</u></div>
<div><u>Palmerston 2.89 13.63 500.72 2.48 12.31 452.13</u></div>
<div><u>Varna 2.90 13.64 501.09 2.50 12.33 452.87</u></div>
<div><u>Trenton 2.80 13.54 497.42 2.45 12.28 451.03</u></div>
<div><u>Winchester 3.00 13.74 504.77 2.63 12.46 457.64</u></div>
<div><u>North Gower 2.92 13.66 501.83 2.58 12.41 455.81</u></div>
<div><u>Vankleek Hil2.92 13.66 501.83 2.46 12.29 451.40</u></div>
<div><u>Huron FOB 3.05 3.18 3.18 2.92 13.79 506.60 N/A</u></div>
<div><u>Kent FOB 2.85 13.59 499.26 2.45 12.28 451.03</u></div>
<div><u>Lambton FOB 2.90 13.64 501.09 2.40 12.23 449.19</u></div>
<div><u>Mdsx FOB 2.99 3.19 3.18 2.98 13.73 504.40 2.55 12.38 454.70</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.04 13.78 506.24 2.60 12.43 456.54</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.35 14.09 517.63 2.85 12.68 465.73</u></div>
<div><u>Prescott 3.12 13.86 509.18 2.82 12.65 464.62</u></div>
<div><u>Port Colborn3.46 14.20 521.67 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.16 10.58 388.74 -0.46 9.36 344.10</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.314 up 0.0016</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>DEC20 HI 6.32 1/4 JUL21 HI 6.20</u></div>
<div><u> LOW 6.21 1/4 LOW 6.11 1/4</u></div>
<div><u> CLOSE 6.22 3/4 Down 7 CLOSE 6.13 Down 8</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>DEC20 HI 5.87 SEP21 HI 6.00</u></div>
<div><u> LOW 5.73 3/4 LOW 5.90</u></div>
<div><u> CLOSE 5.74 1/2 Down 8 CLOSE 5.91 1/2 Down 5 1/2</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 1.50 1.69 1.50 1.34</u></div>
<div><u>CAD $/bu 7.72 7.92 7.72 7.09</u></div>
<div><u>CAD $/tonne 283.77 291.01 283.77 260.47</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 1.31 1.37 1.11 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 1.36 1.10 1.21 N/A 1.49 1.16 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 1.66 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.35 1.20 0.95 N/A 1.63 1.38 0.90</u></div>
<div><u>W O Feed 1.74</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.70 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 1.96 N/A N/A N/A 2.06 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.03US 7.92CA 6.08US 7.99CA</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 1.78 1.48 1.07</u></div>
<div><u>CAD $/bu 7.78 7.91 7.61 6.99</u></div>
<div><u>CAD $/tonne 285.91 290.74 279.63 256.69</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 592.39</u></div>
<div><u>DDG's FOB Srn & Aylm 250.00 - 275.00</u></div>
<br>
<p class="MsoNoSpacing" style="margin:0in 0in 0.0001pt;font-size:11pt;font-family:Calibri, sans-serif">
<span style="font-size: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>
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