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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, October 23</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 1.3141 up 0.0001</u></div>
<div><u>Chicago corn closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> DEC20 HI 4.20 DEC21 HI 3.96 3/4</u></div>
<div><u> LOW 4.14 LOW 3.93 1/4</u></div>
<div><u> CLOSE4.19 1/4 Up 3 CLOSE 3.94 Down 2 1/2</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 5.39 212.29 0.90 4.84 190.54</u></div>
<div><u>CK High 1.20 5.39 212.29 0.90 4.84 190.54</u></div>
<div><u>CK Avg 1.20 -0.09 5.39 212.29 0.90 -0.26 4.84 190.54</u></div>
<div><u>Essex Cty 1.20 5.39 212.29 0.90 4.84 190.54</u></div>
<div><u>Mdsx Low 1.20 5.39 212.29 0.90 4.84 190.54</u></div>
<div><u>Mdsx High 1.20 5.39 212.29 0.90 4.84 190.54</u></div>
<div><u>Mdsx Avg 1.20 -0.09 5.39 212.29 0.90 -0.26 4.84 190.54</u></div>
<div><u>Hensall 1.22 5.41 212.95 0.88 4.82 189.89</u></div>
<div><u>Bruce 1.20 5.39 212.29 0.85 4.79 188.57</u></div>
<div><u>Putnam 1.20 5.39 212.29 0.90 4.84 190.54</u></div>
<div><u>Burford 1.20 5.39 212.29 0.90 4.84 190.54</u></div>
<div><u>Port Perry 1.35 5.54 218.20 0.95 4.89 192.51</u></div>
<div><u>Norfolk 1.20 5.39 212.29 0.90 4.84 190.54</u></div>
<div><u>Palmerston 1.16 5.35 210.72 0.84 4.78 188.18</u></div>
<div><u>Varna 1.20 5.39 212.29 0.85 4.79 188.57</u></div>
<div><u>Trenton 1.35 5.54 218.20 0.95 4.89 192.51</u></div>
<div><u>Winchester 1.55 5.74 226.07 1.25 5.19 204.32</u></div>
<div><u>North Gower 1.46 5.65 222.53 1.28 5.22 205.50</u></div>
<div><u>Vankleek Hil 1.44 5.63 221.74 1.07 5.01 197.23</u></div>
<div><u>Huron FOB 1.31 1.31 1.38 1.43 5.50 216.62N/A</u></div>
<div><u>Kent FOB N/A 0.95 4.89 192.51</u></div>
<div><u>Lamb FOB N/A 1.00 4.94 194.48</u></div>
<div><u>Mdsx FOB 1.30 1.30 1.40 1.45 5.49 216.23N/A</u></div>
<div><u>FOB SW Que 1.66 5.85 230.40N/A</u></div>
<div><u>Track 1.62 5.81 228.83N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A 1.55 1.57 1.18 5.12 201.57</u></div>
<div><u>Jhnstwn-Eth N/A N/A 1.57 1.64 1.38 5.32 209.44</u></div>
<div><u>Aylmer-Eth N/A 1.60 1.60 1.60 1.20 5.14 202.35</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 5.19 204.32</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 1.65 1.35 5.29 208.26</u></div>
<div><u>W O Feed 1.84 6.03 237.57</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.97 6.16 242.61</u></div>
<div><u>Toledo El. -0.20 4.00 157.29 -0.26 3.68 144.77</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.70 5.89 231.98 1.00 4.94 194.48</u></div>
<div><u>Prescott 1.70 5.89 231.98 1.42 5.36 211.01</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.20 5.39 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 1.3141 up 0.0001</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> NOV20 HI 10.88 1/2 NOV21 HI 9.86 3/4</u></div>
<div><u> LOW 10.65 3/4 LOW 9.74 1/4</u></div>
<div><u> CLOSE10.83 3/4 Up 10 CLOSE 9.82 3/4 Up 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 13.59 499.26 2.42 12.25 450.02</u></div>
<div><u>CK High 2.85 13.69 502.93 2.45 12.28 451.12</u></div>
<div><u>CK Average 2.82 -0.44 13.66 501.95 2.45 -0.49 12.27 450.94</u></div>
<div><u>Essex Cty 2.75 13.59 499.26 2.45 12.28 451.12</u></div>
<div><u>Mdsx Low 2.86 13.70 503.30 2.43 12.26 450.39</u></div>
<div><u>Mdsx High 2.87 13.71 503.66 2.45 12.28 451.12</u></div>
<div><u>Mdsx Average2.87 -0.41 13.70 503.48 2.44 -0.49 12.27 450.75</u></div>
<div><u>Hensall 2.89 13.73 504.40 2.48 12.31 452.35</u></div>
<div><u>Bruce 2.85 13.69 502.93 2.50 12.33 452.96</u></div>
<div><u>Putnam 2.87 13.71 503.66 2.45 12.28 451.12</u></div>
<div><u>Burford 2.93 13.77 505.87 2.50 12.33 452.96</u></div>
<div><u>Port Perry 2.85 13.69 502.93 2.42 12.25 450.02</u></div>
<div><u>Norfolk 2.85 13.69 502.93 2.45 12.28 451.12</u></div>
<div><u>Palmerston 2.91 13.75 505.13 2.49 12.32 452.59</u></div>
<div><u>Varna 2.90 13.74 504.77 2.50 12.33 452.96</u></div>
<div><u>Trenton 2.80 13.64 501.09 2.45 12.28 451.12</u></div>
<div><u>Winchester 3.00 13.84 508.44 2.63 12.46 457.73</u></div>
<div><u>North Gower 2.92 13.76 505.50 2.58 12.41 455.90</u></div>
<div><u>Vankleek Hil2.92 13.76 505.50 2.46 12.29 451.49</u></div>
<div><u>Huron FOB 3.09 3.22 3.22 2.96 13.93 511.75 N/A</u></div>
<div><u>Kent FOB 2.85 13.69 502.93 2.45 12.28 451.12</u></div>
<div><u>Lambton FOB 2.95 13.79 506.60 2.40 12.23 449.28</u></div>
<div><u>Mdsx FOB 2.95 3.14 3.14 2.94 13.79 506.60 2.52 12.35 453.69</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.01 13.85 508.81 2.60 12.43 456.63</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.35 14.19 521.30 2.85 12.68 465.82</u></div>
<div><u>Prescott 3.12 13.96 512.85 2.82 12.65 464.72</u></div>
<div><u>Port Colborn3.42 14.26 523.87 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.16 10.68 392.42 -0.46 9.37 344.20</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.3141 up 0.0001</u></div>
<div><u>Chicago wheat closed slightly to moderately higher.</u></div>
<div><u>DEC20 HI 6.35 1/2 JUL21 HI 6.19 1/2</u></div>
<div><u> LOW 6.19 1/2 LOW 6.09 1/2</u></div>
<div><u> CLOSE 6.32 3/4 Up 10 CLOSE 6.18 Up 5</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>DEC20 HI 5.81 3/4 SEP21 HI 5.95</u></div>
<div><u> LOW 5.72 1/2 LOW 5.89 3/4</u></div>
<div><u> CLOSE 5.77 1/2 Up 3 CLOSE 5.94 Up 2 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 1.53 1.72 1.53 1.35</u></div>
<div><u>CAD $/bu 7.85 8.05 7.85 7.13</u></div>
<div><u>CAD $/tonne 288.61 295.86 288.61 261.94</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 1.59 1.59 1.14 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 1.39 1.13 1.22 N/A 1.50 1.17 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 1.73 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.35 1.20 0.95 N/A 1.62 1.37 0.90</u></div>
<div><u>W O Feed 1.77</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 1.57 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 2.07 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.13US 8.05CA 6.13US 8.05CA</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 1.66 1.79 1.49 1.08</u></div>
<div><u>CAD $/bu 7.84 7.97 7.67 7.02</u></div>
<div><u>CAD $/tonne 288.18 293.00 281.90 257.77</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 596.80</u></div>
<div><u>DDG's FOB Srn & Aylm 250.00 - 275.00</u></div>
<div><u><br>
</u></div>
<u><br>
</u><span style="font-family: "Courier New"; font-size: 10pt;">Blair Andrews</span><o:p style="color: inherit; font-family: "Courier New"; font-size: 10pt; font-style: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-weight: inherit;"> </o:p><br>
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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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