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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, December 14</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 1.2763 down 0.0005</u></div>
<div><u>Chicago corn closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 4.28 1/2 DEC21 HI 4.14</u></div>
<div><u> LOW 4.21 1/4 LOW 4.09 3/4</u></div>
<div><u> CLOSE4.24 Up 1/2 CLOSE 4.11 3/4 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 1.25 5.49 216.13 0.85 4.97 195.56</u></div>
<div><u>CK High 1.30 5.54 218.10 0.95 5.07 199.50</u></div>
<div><u>CK Avg 1.28 0.08 5.52 217.12 0.89 -0.19 5.01 197.20</u></div>
<div><u>Essex Cty 1.30 5.54 218.10 0.90 5.02 197.53</u></div>
<div><u>Mdsx Low 1.25 5.49 216.13 0.85 4.97 195.56</u></div>
<div><u>Mdsx High 1.25 5.49 216.13 0.90 5.02 197.53</u></div>
<div><u>Mdsx Avg 1.25 0.06 5.49 216.13 0.88 -0.20 4.99 196.55</u></div>
<div><u>Hensall 1.27 5.51 216.79 0.90 5.02 197.53</u></div>
<div><u>Bruce 1.25 5.49 216.13 0.85 4.97 195.56</u></div>
<div><u>Putnam 1.25 5.49 216.13 0.85 4.97 195.56</u></div>
<div><u>Burford 1.30 5.54 218.10 0.90 5.02 197.53</u></div>
<div><u>Port Perry 1.35 5.59 220.07 0.95 5.07 199.50</u></div>
<div><u>Norfolk 1.30 5.54 218.10 0.90 5.02 197.53</u></div>
<div><u>Palmerston 1.27 5.51 216.92 0.90 5.02 197.53</u></div>
<div><u>Varna 1.25 5.49 216.13 0.90 5.02 197.53</u></div>
<div><u>Trenton 1.40 5.64 222.04 1.00 5.12 201.47</u></div>
<div><u>Winchester 1.55 5.79 227.94 1.25 5.37 211.31</u></div>
<div><u>North Gower 1.42 5.66 222.82 1.22 5.34 210.13</u></div>
<div><u>Vankleek Hil 1.33 5.57 219.28 1.03 5.15 202.65</u></div>
<div><u>Huron FOB 1.50 1.50 1.51 1.56 5.74 225.97N/A</u></div>
<div><u>Kent FOB 1.50 5.74 225.97 0.95 5.07 199.50</u></div>
<div><u>Lamb FOB 1.50 5.74 225.97 0.95 5.07 199.50</u></div>
<div><u>Mdsx FOB 1.50 1.55N/A N/A 5.74 225.97 0.95 5.07 199.50</u></div>
<div><u>FOB SW Que 2.08 6.32 248.81N/A</u></div>
<div><u>Track 1.82 6.06 238.57N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.67 1.74 1.76 1.14 5.26 206.98</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.94 1.39 5.51 216.82</u></div>
<div><u>Aylmer-Eth N/A 1.70 1.73 1.78 1.15 5.27 207.37</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 5.32 209.34</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 5.47 215.25</u></div>
<div><u>W O Feed 1.84 6.08 239.20</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.81 6.05 238.18</u></div>
<div><u>Toledo El. 0.00 4.24 166.92 -0.26 3.86 152.06</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 6.04 237.78 1.00 5.12 201.47</u></div>
<div><u>Prescott N/A 1.37 5.49 216.03</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 5.54</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2763 down 0.0005</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN21 HI 11.73 NOV21 HI 10.59 1/2</u></div>
<div><u> LOW 11.61 1/4 LOW 10.53</u></div>
<div><u> CLOSE11.69 1/2 Up 9 CLOSE 10.59 Up 6 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 2.84 14.54 534.07 2.27 12.86 472.52</u></div>
<div><u>CK High 2.85 14.55 534.44 2.30 12.89 473.63</u></div>
<div><u>CK Average 2.85 -0.30 14.54 534.38 2.30 -0.49 12.89 473.44</u></div>
<div><u>Essex Cty 2.85 14.55 534.44 2.30 12.89 473.63</u></div>
<div><u>Mdsx Low 2.85 14.55 534.44 2.28 12.87 472.89</u></div>
<div><u>Mdsx High 2.85 14.55 534.44 2.30 12.89 473.63</u></div>
<div><u>Mdsx Average2.85 -0.30 14.55 534.44 2.29 -0.49 12.88 473.26</u></div>
<div><u>Hensall 2.85 14.55 534.44 2.30 12.89 473.63</u></div>
<div><u>Bruce 2.85 14.55 534.44 2.30 12.89 473.63</u></div>
<div><u>Putnam 2.85 14.55 534.44 2.30 12.89 473.63</u></div>
<div><u>Burford 2.92 14.62 537.01 2.35 12.94 475.46</u></div>
<div><u>Port Perry 2.84 14.54 534.07 2.27 12.86 472.52</u></div>
<div><u>Norfolk 2.85 14.55 534.44 2.30 12.89 473.63</u></div>
<div><u>Palmerston 2.90 14.60 536.27 2.41 13.00 477.67</u></div>
<div><u>Varna 2.85 14.55 534.44 2.30 12.89 473.63</u></div>
<div><u>Trenton 2.85 14.55 534.44 2.30 12.89 473.63</u></div>
<div><u>Winchester 2.82 14.52 533.33 2.44 13.03 478.77</u></div>
<div><u>North Gower 2.78 14.48 531.87 2.43 13.02 478.40</u></div>
<div><u>Vankleek Hil2.87 14.57 535.17 2.50 13.09 480.98</u></div>
<div><u>Huron FOB 3.02 3.08 3.16 3.16 14.72 540.68 N/A</u></div>
<div><u>Kent FOB 2.95 14.65 538.11 2.30 12.89 473.63</u></div>
<div><u>Lambton FOB 3.00 14.70 539.95 2.40 12.99 477.30</u></div>
<div><u>Mdsx FOB 3.04 3.04 3.04 N/A 14.74 541.42 2.40 12.99 477.30</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.30 15.00 550.97 2.61 13.20 485.02</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.40 15.10 554.65 2.75 13.34 490.16</u></div>
<div><u>Prescott 3.14 14.84 545.09 2.80 13.39 492.00</u></div>
<div><u>Port Colborn3.19 14.89 546.93 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 11.70 429.72 -0.45 10.14 372.71</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2763 down 0.0005</u></div>
<div><u>Chicago wheat closed moderately lower to lower.</u></div>
<div><u>MAR21 HI 6.22 JUL21 HI 6.12 1/4</u></div>
<div><u> LOW 5.95 3/4 LOW 5.92 3/4</u></div>
<div><u> CLOSE 5.96 1/2 Down 18 CLOSE 5.94 1/2 Down 13</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower to lower.</u></div>
<div><u>MAR21 HI 5.73 SEP21 HI 5.95 3/4</u></div>
<div><u> LOW 5.55 3/4 LOW 5.80 1/4</u></div>
<div><u> CLOSE 5.57 1/2 Down 12 1/2 CLOSE 5.82 3/4 Down 10 3/4</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 1.20 N/A N/A N/A 0.95 N/A</u></div>
<div><u>London 1.13 1.06 1.06 N/A 1.18 1.18 0.98 N/A</u></div>
<div><u>Hensall 1.25 N/A 1.20 N/A 1.25 N/A 0.95 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.05 N/A</u></div>
<div><u>Bruce 1.25 1.30 1.10 1.35 1.20 1.20 0.95 1.25</u></div>
<div><u>Essex N/A N/A 1.15 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Norwich 1.25 N/A 1.20 N/A 1.25 N/A 0.95 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 1.25 N/A 1.20 N/A 1.25 N/A 0.95 N/A</u></div>
<div><u>Chatham N/A N/A 1.15 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Brigden N/A N/A 1.15 N/A N/A N/A 1.00 N/A</u></div>
<div><u>Palmerston N/A 1.07 1.07 1.41 N/A 1.22 1.03 1.22</u></div>
<div><u>Varna 1.20 1.30 1.10 N/A 1.15 1.15 0.95 N/A</u></div>
<div><u>Mitchell 1.25 1.35 1.20 N/A 1.25 1.20 0.95 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.20 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.12 1.04 0.61 N/A 1.39 1.10 0.73</u></div>
<div><u>W O Feed 1.69</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.58 N/A N/A N/A 1.38 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.78 N/A N/A N/A 1.77 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 5.97US 7.61CA 5.90US 7.52CA</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 579.49</u></div>
<div><u>DDG's FOB Srn & Aylm 310.00 - 315.00</u></div>
<u><br>
<br>
</u></div>
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<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
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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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