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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, December 4</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 1.2784 down 0.0075</u></div>
<div><u>Chicago corn closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 4.26 3/4 DEC21 HI 4.11 1/2</u></div>
<div><u> LOW 4.19 1/4 LOW 4.07</u></div>
<div><u> CLOSE4.20 1/2 Down 6 CLOSE 4.10 1/4 Down 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 +MAR21+MAR21+MAY21</u></div>
<div><u>CK Low 1.30 5.51 216.72 0.90 5.00 196.94</u></div>
<div><u>CK High 1.30 5.51 216.72 0.95 5.05 198.91</u></div>
<div><u>CK Avg 1.30 0.10 5.51 216.72 0.91 -0.18 5.01 197.27</u></div>
<div><u>Essex Cty 1.30 5.51 216.72 0.90 5.00 196.94</u></div>
<div><u>Mdsx Low 1.30 5.51 216.72 0.90 5.00 196.94</u></div>
<div><u>Mdsx High 1.30 5.51 216.72 0.90 5.00 196.94</u></div>
<div><u>Mdsx Avg 1.30 0.10 5.51 216.72 0.90 -0.19 5.00 196.94</u></div>
<div><u>Hensall 1.32 5.52 217.38 0.92 5.02 197.60</u></div>
<div><u>Bruce 1.30 5.51 216.72 0.90 5.00 196.94</u></div>
<div><u>Putnam 1.30 5.51 216.72 0.90 5.00 196.94</u></div>
<div><u>Burford 1.35 5.56 218.69 0.90 5.00 196.94</u></div>
<div><u>Port Perry 1.35 5.56 218.69 0.95 5.05 198.91</u></div>
<div><u>Norfolk 1.30 5.51 216.72 0.90 5.00 196.94</u></div>
<div><u>Palmerston 1.23 5.44 213.97 0.75 4.85 191.03</u></div>
<div><u>Varna 1.30 5.51 216.72 0.90 5.00 196.94</u></div>
<div><u>Trenton 1.50 5.71 224.60 1.00 5.10 200.88</u></div>
<div><u>Winchester 1.55 5.76 226.56 1.25 5.35 210.72</u></div>
<div><u>North Gower 1.45 5.66 222.63 1.27 5.37 211.51</u></div>
<div><u>Vankleek Hil 1.34 5.55 218.30 1.03 5.13 202.06</u></div>
<div><u>Huron FOB 1.51 1.52 1.54 1.58 5.72 224.99N/A</u></div>
<div><u>Kent FOB 1.55 5.76 226.56 0.95 5.05 198.91</u></div>
<div><u>Lamb FOB 1.55 5.76 226.56 1.00 5.10 200.88</u></div>
<div><u>Mdsx FOB 1.60 1.65N/A N/A 5.81 228.53 1.00 5.10 200.88</u></div>
<div><u>FOB SW Que 2.06 6.27 246.64N/A</u></div>
<div><u>Track 1.78 5.98 235.42N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.74 1.80 1.83 1.19 5.29 208.36</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 2.01 1.45 5.55 218.59</u></div>
<div><u>Aylmer-Eth N/A 1.83 1.85 1.80 1.20 5.30 208.75</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 1.20 5.30 208.75</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 2.00 1.35 5.45 214.66</u></div>
<div><u>W O Feed 1.79 6.00 236.01</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.81 6.02 236.80</u></div>
<div><u>Toledo El. 0.00 4.21 165.54 -0.26 3.85 151.45</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 6.01 236.41 1.00 5.10 200.88</u></div>
<div><u>Prescott N/A 1.37 5.47 215.44</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 5.50 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2784 down 0.0075</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JAN21 HI 11.72 1/2 NOV21 HI 10.42 1/4</u></div>
<div><u> LOW 11.57 3/4 LOW 10.34 1/4</u></div>
<div><u> CLOSE11.63 Down 5 1/4 CLOSE 10.38 1/4 Down 2</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 2.89 14.52 533.52 2.32 12.70 466.74</u></div>
<div><u>CK High 2.95 14.58 535.72 2.40 12.78 469.68</u></div>
<div><u>CK Average 2.92 -0.25 14.55 534.74 2.37 -0.40 12.75 468.57</u></div>
<div><u>Essex Cty 2.90 14.53 533.89 2.30 12.68 466.00</u></div>
<div><u>Mdsx Low 2.90 14.53 533.89 2.33 12.71 467.10</u></div>
<div><u>Mdsx High 2.95 14.58 535.72 2.40 12.78 469.68</u></div>
<div><u>Mdsx Average2.93 -0.25 14.56 534.80 2.37 -0.40 12.75 468.39</u></div>
<div><u>Hensall 2.95 14.58 535.72 2.40 12.78 469.68</u></div>
<div><u>Bruce 2.95 14.58 535.72 2.40 12.78 469.68</u></div>
<div><u>Putnam 2.95 14.58 535.72 2.40 12.78 469.68</u></div>
<div><u>Burford 2.97 14.60 536.46 2.40 12.78 469.68</u></div>
<div><u>Port Perry 2.89 14.52 533.52 2.32 12.70 466.74</u></div>
<div><u>Norfolk 2.90 14.53 533.89 2.35 12.73 467.84</u></div>
<div><u>Palmerston 2.79 14.42 529.84 2.31 12.69 466.37</u></div>
<div><u>Varna 2.95 14.58 535.72 2.40 12.78 469.68</u></div>
<div><u>Trenton 2.95 14.58 535.72 2.40 12.78 469.68</u></div>
<div><u>Winchester 2.92 14.55 534.62 2.43 12.81 470.78</u></div>
<div><u>North Gower 2.87 14.50 532.78 2.56 12.94 475.56</u></div>
<div><u>Vankleek Hil2.87 14.50 532.78 2.50 12.88 473.35</u></div>
<div><u>Huron FOB 3.06 3.12 3.13 2.97 14.69 539.77 N/A</u></div>
<div><u>Kent FOB 3.00 14.63 537.56 2.35 12.73 467.84</u></div>
<div><u>Lambton FOB 3.10 14.73 541.23 2.50 12.88 473.35</u></div>
<div><u>Mdsx FOB 3.02 3.02 3.02 N/A 14.65 538.30 2.48 12.86 472.62</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor N/A 2.52 12.90 474.09</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.45 15.08 554.10 2.85 13.23 486.21</u></div>
<div><u>Prescott 3.14 14.77 542.70 2.80 13.18 484.37</u></div>
<div><u>Port Colborn3.30 14.93 548.58 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 11.63 427.33 -0.45 9.94 365.06</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2784 down 0.0075</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>MAR21 HI 5.85 1/2 JUL21 HI 5.88</u></div>
<div><u> LOW 5.75 1/4 LOW 5.78 1/2</u></div>
<div><u> CLOSE 5.75 1/2 Down 9 CLOSE 5.79 1/2 Down 8</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR21 HI 5.55 1/2 SEP21 HI 5.76 1/2</u></div>
<div><u> LOW 5.50 LOW 5.71 1/2</u></div>
<div><u> CLOSE 5.50 1/2 Down 3 CLOSE 5.72 3/4 Down 3 1/2</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 1.12 1.05 1.05 N/A 1.19 1.19 1.00 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 1.30 1.35 1.15 1.35 1.30 1.35 1.15 1.25</u></div>
<div><u>Essex N/A N/A 1.15 N/A N/A N/A 1.00 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 1.00 N/A</u></div>
<div><u>Brigden N/A N/A 1.15 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Palmerston N/A 1.03 0.84 1.08 N/A 1.21 0.89 1.01</u></div>
<div><u>Varna 1.30 1.35 1.15 N/A 1.25 1.25 1.05 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 1.05 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 1.61</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.57 N/A N/A N/A 1.39 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.73 N/A N/A N/A 1.74 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.76US 7.36CA 5.75US 7.34CA</u></div>
<div><u><br>
</u></div>
<div><u><br>
</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 606.83</u></div>
<div><u>DDG's FOB Srn & Aylm 310.00</u></div>
<br>
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<span style="font-size: 10pt; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);"><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"">Blair Andrews<o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
<o:p> </o:p></span></p>
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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""><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">
</span><o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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<span style="font-size: 10pt; font-family: "Courier New";">Fax. 519-674-1530<br>
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