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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, December 15</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2732 down 0.0031</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 4.25 1/4 DEC21 HI 4.12 1/2</u></div>
<div><u> LOW 4.20 1/2 LOW 4.09 1/2</u></div>
<div><u> CLOSE4.24 3/4 Up 3/4 CLOSE 4.12 1/4 Up 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 5.50 216.43 0.85 4.97 195.76</u></div>
<div><u>CK High 1.30 5.55 218.40 0.95 5.07 199.70</u></div>
<div><u>CK Avg 1.27 0.08 5.51 217.08 0.89 -0.17 5.01 197.40</u></div>
<div><u>Essex Cty 1.30 5.55 218.40 0.90 5.02 197.73</u></div>
<div><u>Mdsx Low 1.25 5.50 216.43 0.85 4.97 195.76</u></div>
<div><u>Mdsx High 1.25 5.50 216.43 0.90 5.02 197.73</u></div>
<div><u>Mdsx Avg 1.25 0.07 5.50 216.43 0.88 -0.19 5.00 196.74</u></div>
<div><u>Hensall 1.27 5.51 217.08 0.90 5.02 197.73</u></div>
<div><u>Bruce 1.25 5.50 216.43 0.85 4.97 195.76</u></div>
<div><u>Putnam 1.25 5.50 216.43 0.85 4.97 195.76</u></div>
<div><u>Burford 1.30 5.55 218.40 0.90 5.02 197.73</u></div>
<div><u>Port Perry 1.35 5.60 220.36 0.95 5.07 199.70</u></div>
<div><u>Norfolk 1.30 5.55 218.40 0.90 5.02 197.73</u></div>
<div><u>Palmerston 1.25 5.50 216.43 0.88 5.00 196.94</u></div>
<div><u>Varna 1.25 5.50 216.43 0.90 5.02 197.73</u></div>
<div><u>Trenton 1.40 5.65 222.33 1.00 5.12 201.66</u></div>
<div><u>Winchester 1.55 5.80 228.24 1.25 5.37 211.51</u></div>
<div><u>North Gower 1.42 5.67 223.12 1.22 5.34 210.32</u></div>
<div><u>Vankleek Hil 1.38 5.63 221.54 1.03 5.15 202.84</u></div>
<div><u>Huron FOB 1.49 1.49 1.50 1.55 5.74 225.88N/A</u></div>
<div><u>Kent FOB 1.50 5.75 226.27 0.95 5.07 199.70</u></div>
<div><u>Lamb FOB 1.50 5.75 226.27 0.95 5.07 199.70</u></div>
<div><u>Mdsx FOB 1.50 1.55N/A N/A 5.75 226.27 0.95 5.07 199.70</u></div>
<div><u>FOB SW Que 2.09 6.34 249.50N/A</u></div>
<div><u>Track 1.81 6.06 238.47N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.67 1.73 1.74 1.13 5.25 206.78</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.80 1.32 5.44 214.26</u></div>
<div><u>Aylmer-Eth 1.70 1.70 1.73 1.75 5.95 234.14 1.15 5.27 207.57</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 5.32 209.54</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 N/A 1.35 5.47 215.44</u></div>
<div><u>W O Feed 1.85 6.10 240.05</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.78 6.03 237.29</u></div>
<div><u>Toledo El. 0.00 4.25 167.22 -0.25 3.87 152.30</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 6.05 238.08 1.00 5.12 201.66</u></div>
<div><u>Prescott N/A 1.37 5.49 216.23</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 5.54 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 1.2732 down 0.0031</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN21 HI 11.85 3/4 NOV21 HI 10.65 1/2</u></div>
<div><u> LOW 11.62 LOW 10.53 1/4</u></div>
<div><u> CLOSE11.84 1/4 Up 14 3/4 CLOSE 10.65 Up 6</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 2.83 14.67 539.12 2.27 12.92 474.73</u></div>
<div><u>CK High 2.90 14.74 541.69 2.30 12.95 475.83</u></div>
<div><u>CK Average 2.86 -0.30 14.70 540.04 2.30 -0.45 12.95 475.65</u></div>
<div><u>Essex Cty 2.90 14.74 541.69 2.30 12.95 475.83</u></div>
<div><u>Mdsx Low 2.84 14.68 539.49 2.28 12.93 475.10</u></div>
<div><u>Mdsx High 2.85 14.69 539.86 2.30 12.95 475.83</u></div>
<div><u>Mdsx Average2.85 -0.31 14.69 539.67 2.29 -0.46 12.94 475.46</u></div>
<div><u>Hensall 2.85 14.69 539.86 2.30 12.95 475.83</u></div>
<div><u>Bruce 2.85 14.69 539.86 2.30 12.95 475.83</u></div>
<div><u>Putnam 2.85 14.69 539.86 2.30 12.95 475.83</u></div>
<div><u>Burford 2.91 14.75 542.06 2.35 13.00 477.67</u></div>
<div><u>Port Perry 2.83 14.67 539.12 2.27 12.92 474.73</u></div>
<div><u>Norfolk 2.90 14.74 541.69 2.30 12.95 475.83</u></div>
<div><u>Palmerston 2.86 14.70 540.22 2.36 13.01 478.04</u></div>
<div><u>Varna 2.85 14.69 539.86 2.30 12.95 475.83</u></div>
<div><u>Trenton 2.85 14.69 539.86 2.30 12.95 475.83</u></div>
<div><u>Winchester 2.82 14.66 538.75 2.44 13.09 480.98</u></div>
<div><u>North Gower 2.78 14.62 537.28 2.43 13.08 480.61</u></div>
<div><u>Vankleek Hil2.87 14.71 540.59 2.50 13.15 483.18</u></div>
<div><u>Huron FOB 3.00 3.07 3.14 3.14 14.84 545.37 N/A</u></div>
<div><u>Kent FOB 3.00 14.84 545.37 2.30 12.95 475.83</u></div>
<div><u>Lambton FOB 3.00 14.84 545.37 2.40 13.05 479.51</u></div>
<div><u>Mdsx FOB 3.03 3.03 3.03 N/A 14.87 546.47 2.41 13.06 479.87</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.26 15.10 554.92 2.57 13.22 485.75</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.45 15.29 561.90 2.75 13.40 492.37</u></div>
<div><u>Prescott 3.14 14.98 550.51 2.80 13.45 494.20</u></div>
<div><u>Port Colborn3.19 15.03 552.35 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 11.84 435.14 -0.44 10.21 375.00</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2732 down 0.0031</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR21 HI 6.05 3/4 JUL21 HI 6.02 1/4</u></div>
<div><u> LOW 5.94 1/4 LOW 5.91 1/2</u></div>
<div><u> CLOSE 5.99 3/4 Up 3 1/4 CLOSE 5.96 1/2 Up 2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR21 HI 5.63 1/4 SEP21 HI 5.87</u></div>
<div><u> LOW 5.55 3/4 LOW 5.82 1/4</u></div>
<div><u> CLOSE 5.59 1/2 Up 2 CLOSE 5.84 Up 1 1/4</u></div>
<div><u><br>
</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 1.12 1.05 1.05 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 1.20 1.35 1.20 1.20 1.00 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 1.05 1.04 1.39 N/A 1.17 0.97 1.19</u></div>
<div><u>Varna 1.20 1.30 1.20 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 1.40 1.11 0.73</u></div>
<div><u>W O Feed 1.75</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 1.38 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.77 N/A N/A N/A 1.73 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.00US 7.64CA 5.92US 7.51CA</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 587.76</u></div>
<div><u>DDG's FOB Srn & Aylm 310.00 - 315.00</u></div>
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<p class="MsoNoSpacing" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, sans-serif;">
<span style="font-size: 10pt; font-family: "Courier New";">Blair Andrews<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"">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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