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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, December 1</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 1.293 down 0.0042</u></div>
<div><u>Chicago corn closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 4.29 DEC21 HI 4.11 1/2</u></div>
<div><u> LOW 4.20 1/4 LOW 4.05 3/4</u></div>
<div><u> CLOSE4.20 3/4 Down 5 1/4 CLOSE 4.07 Down 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 +MAR21+MAR21+MAY21</u></div>
<div><u>CK Low 1.30 5.51 216.82 0.90 4.97 195.66</u></div>
<div><u>CK High 1.30 5.51 216.82 0.95 5.02 197.63</u></div>
<div><u>CK Avg 1.30 0.05 5.51 216.82 0.91 -0.22 4.98 195.99</u></div>
<div><u>Essex Cty 1.30 5.51 216.82 0.90 4.97 195.66</u></div>
<div><u>Mdsx Low 1.30 5.51 216.82 0.90 4.97 195.66</u></div>
<div><u>Mdsx High 1.30 5.51 216.82 0.90 4.97 195.66</u></div>
<div><u>Mdsx Avg 1.30 0.05 5.51 216.82 0.90 -0.23 4.97 195.66</u></div>
<div><u>Hensall 1.32 5.52 217.48 0.92 4.99 196.32</u></div>
<div><u>Bruce 1.30 5.51 216.82 0.90 4.97 195.66</u></div>
<div><u>Putnam 1.30 5.51 216.82 0.90 4.97 195.66</u></div>
<div><u>Burford 1.35 5.56 218.79 0.90 4.97 195.66</u></div>
<div><u>Port Perry 1.35 5.56 218.79 0.95 5.02 197.63</u></div>
<div><u>Norfolk 1.30 5.51 216.82 0.90 4.97 195.66</u></div>
<div><u>Palmerston N/A 0.81 4.88 192.12</u></div>
<div><u>Varna 1.30 5.51 216.82 0.90 4.97 195.66</u></div>
<div><u>Trenton 1.40 5.61 220.76 1.00 5.07 199.60</u></div>
<div><u>Winchester 1.25 5.46 214.85 1.30 5.37 211.41</u></div>
<div><u>North Gower 1.36 5.57 219.18 1.25 5.32 209.44</u></div>
<div><u>Vankleek Hil 1.32 5.53 217.61 1.03 5.10 200.78</u></div>
<div><u>Huron FOB 1.58 1.60 1.62 1.66 5.79 227.84N/A</u></div>
<div><u>Kent FOB 1.60 5.81 228.63 0.95 5.02 197.63</u></div>
<div><u>Lamb FOB 1.55 5.76 226.66 1.05 5.12 201.57</u></div>
<div><u>Mdsx FOB 1.60 1.65N/A N/A 5.81 228.63 1.00 5.07 199.60</u></div>
<div><u>FOB SW Que 2.08 6.29 247.53N/A</u></div>
<div><u>Track 1.88 6.08 239.46N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.78 1.85 1.99 1.21 5.28 207.86</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 2.05 1.48 5.55 218.49</u></div>
<div><u>Aylmer-Eth 1.83 1.83 1.85 1.80 6.04 237.69 1.20 5.27 207.47</u></div>
<div><u>Sarn-Eth N/A 1.70 1.75N/A N/A</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.25 5.32 209.44</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 N/A N/A 2.02 1.40 5.47 215.34</u></div>
<div><u>W O Feed 1.86 6.07 239.02</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.89 6.10 240.05</u></div>
<div><u>Toledo El. 0.00 4.21 165.64 -0.26 3.81 150.04</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 6.01 236.50 1.00 5.07 199.60</u></div>
<div><u>Prescott N/A 1.37 5.44 214.16</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 5.50 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 1.293 down 0.0042</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> JAN21 HI 11.76 NOV21 HI 10.46 3/4</u></div>
<div><u> LOW 11.61 1/4 LOW 10.34 1/2</u></div>
<div><u> CLOSE11.62 Down 6 1/2 CLOSE 10.36 1/2 Down 5 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 +JAN21+MAR21+MAR21</u></div>
<div><u>CK Low 2.98 14.60 536.46 2.43 12.80 470.14</u></div>
<div><u>CK High 3.05 14.67 539.03 2.45 12.82 470.87</u></div>
<div><u>CK Average 3.01 -0.31 14.63 537.38 2.45 -0.46 12.81 470.75</u></div>
<div><u>Essex Cty 3.00 14.62 537.19 2.45 12.82 470.87</u></div>
<div><u>Mdsx Low 2.99 14.61 536.83 2.44 12.81 470.50</u></div>
<div><u>Mdsx High 3.00 14.62 537.19 2.45 12.82 470.87</u></div>
<div><u>Mdsx Average3.00 -0.32 14.62 537.01 2.45 -0.47 12.81 470.69</u></div>
<div><u>Hensall 3.00 14.62 537.19 2.45 12.82 470.87</u></div>
<div><u>Bruce 3.05 14.67 539.03 2.45 12.82 470.87</u></div>
<div><u>Putnam 3.00 14.62 537.19 2.45 12.82 470.87</u></div>
<div><u>Burford 3.06 14.68 539.40 2.51 12.88 473.08</u></div>
<div><u>Port Perry 2.98 14.60 536.46 2.43 12.80 470.14</u></div>
<div><u>Norfolk 3.00 14.62 537.19 2.45 12.82 470.87</u></div>
<div><u>Palmerston 2.97 14.59 536.09 2.48 12.85 471.97</u></div>
<div><u>Varna 3.10 14.72 540.87 2.50 12.87 472.71</u></div>
<div><u>Trenton 3.00 14.62 537.19 2.45 12.82 470.87</u></div>
<div><u>Winchester 3.05 14.67 539.03 2.58 12.95 475.65</u></div>
<div><u>North Gower 2.85 14.47 531.68 2.60 12.97 476.38</u></div>
<div><u>Vankleek Hil2.87 14.49 532.42 2.54 12.91 474.18</u></div>
<div><u>Huron FOB 3.15 3.16 3.23 3.23 14.77 542.70 N/A</u></div>
<div><u>Kent FOB 3.10 14.72 540.87 2.45 12.82 470.87</u></div>
<div><u>Lambton FOB 3.20 14.82 544.54 2.55 12.92 474.55</u></div>
<div><u>Mdsx FOB 3.18 3.18 3.18 N/A 14.80 543.81 2.47 12.84 471.61</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor N/A 2.67 13.04 478.95</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.55 15.17 557.40 2.90 13.27 487.41</u></div>
<div><u>Prescott 3.14 14.76 542.34 2.80 13.17 483.73</u></div>
<div><u>Port Colborn3.47 15.09 554.46 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 11.62 426.96 -0.45 9.91 364.21</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.293 down 0.0042</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>MAR21 HI 5.89 JUL21 HI 5.91 3/4</u></div>
<div><u> LOW 5.74 LOW 5.80</u></div>
<div><u> CLOSE 5.77 1/4 Down 7 3/4 CLOSE 5.81 Down 7 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR21 HI 5.56 1/2 SEP21 HI 5.81 1/2</u></div>
<div><u> LOW 5.46 1/4 LOW 5.72</u></div>
<div><u> CLOSE 5.49 1/4 Down 3 3/4 CLOSE 5.73 1/2 Down 4 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 1.17 1.37 1.17 1.09</u></div>
<div><u>CAD $/bu 6.95 7.14 6.95 6.58</u></div>
<div><u>CAD $/tonne 255.24 262.37 255.24 241.94</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 1.15 N/A N/A N/A 1.10 N/A</u></div>
<div><u>London 1.06 1.00 0.93 N/A 1.28 1.28 0.99 N/A</u></div>
<div><u>Hensall 1.30 N/A 1.15 N/A 1.35 N/A 1.10 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 1.25 1.35 1.15 1.35 1.30 1.30 1.10 1.25</u></div>
<div><u>Essex N/A N/A 1.15 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Norwich 1.30 N/A 1.15 N/A 1.35 N/A 1.10 N/A</u></div>
<div><u>Port Hope N/A N/A 1.07 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Kent Bridge 1.30 N/A 1.15 N/A 1.35 N/A 1.10 N/A</u></div>
<div><u>Chatham N/A N/A 1.15 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Brigden N/A N/A 1.15 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Palmerston N/A 1.12 0.92 1.17 N/A 1.31 0.99 1.10</u></div>
<div><u>Varna 1.30 1.35 1.15 N/A 1.30 1.30 1.10 N/A</u></div>
<div><u>Mitchell 1.30 1.40 1.15 N/A 1.35 1.40 1.10 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.02 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.18 1.10 0.67 N/A 1.49 1.19 0.80</u></div>
<div><u>W O Feed 1.70</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.39 N/A N/A N/A 1.46 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.82 N/A N/A N/A 1.84 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.57US 7.21CA 5.76US 7.45CA</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 1.45 1.58 1.26 0.91</u></div>
<div><u>CAD $/bu 7.26 7.39 7.07 6.64</u></div>
<div><u>CAD $/tonne 266.73 271.49 259.60 244.15</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 612.01</u></div>
<div><u>DDG's FOB Srn & Aylm 305.00 - 310.00</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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<span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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