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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 17</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2719 down 0.0030</u></div>
<div><u>Chicago corn closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 4.33 DEC21 HI 4.15</u></div>
<div><u> LOW 4.24 1/4 LOW 4.10 3/4</u></div>
<div><u> CLOSE4.32 1/2 Up 5 1/4 CLOSE 4.15 Up 1 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 5.58 219.48 0.90 5.05 198.81</u></div>
<div><u>CK High 1.30 5.63 221.45 0.95 5.10 200.78</u></div>
<div><u>CK Avg 1.27 0.07 5.59 220.13 0.91 -0.17 5.06 199.14</u></div>
<div><u>Essex Cty 1.30 5.63 221.45 0.90 5.05 198.81</u></div>
<div><u>Mdsx Low 1.25 5.58 219.48 0.90 5.05 198.81</u></div>
<div><u>Mdsx High 1.25 5.58 219.48 0.90 5.05 198.81</u></div>
<div><u>Mdsx Avg 1.25 0.06 5.58 219.48 0.90 -0.18 5.05 198.81</u></div>
<div><u>Hensall 1.27 5.59 220.13 0.92 5.07 199.47</u></div>
<div><u>Bruce 1.25 5.58 219.48 0.85 5.00 196.84</u></div>
<div><u>Putnam 1.25 5.58 219.48 0.90 5.05 198.81</u></div>
<div><u>Burford 1.30 5.63 221.45 0.90 5.05 198.81</u></div>
<div><u>Port Perry 1.35 5.68 223.41 0.95 5.10 200.78</u></div>
<div><u>Norfolk 1.30 5.63 221.45 0.90 5.05 198.81</u></div>
<div><u>Palmerston 1.28 5.61 220.66 0.90 5.05 198.81</u></div>
<div><u>Varna 1.25 5.58 219.48 0.90 5.05 198.81</u></div>
<div><u>Trenton 1.45 5.78 227.35 0.95 5.10 200.78</u></div>
<div><u>Winchester 1.45 5.78 227.35 1.25 5.40 212.59</u></div>
<div><u>North Gower 1.42 5.75 226.17 1.25 5.40 212.59</u></div>
<div><u>Vankleek Hil 1.38 5.71 224.60 1.03 5.18 203.93</u></div>
<div><u>Huron FOB 1.50 1.50 1.52 1.56 5.83 229.32N/A</u></div>
<div><u>Kent FOB 1.50 5.83 229.32 0.95 5.10 200.78</u></div>
<div><u>Lamb FOB 1.50 5.83 229.32 0.95 5.10 200.78</u></div>
<div><u>Mdsx FOB 1.50 1.55N/A N/A 5.83 229.32 0.95 5.10 200.78</u></div>
<div><u>FOB SW Que 2.13 6.46 254.12N/A</u></div>
<div><u>Track 1.85 6.17 242.90N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.67 1.73 1.74 1.13 5.28 207.86</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.80 1.32 5.47 215.34</u></div>
<div><u>Aylmer-Eth 1.75 1.75 1.78 1.80 6.08 239.16 1.15 5.30 208.65</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 5.40 212.59</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 5.50 216.53</u></div>
<div><u>W O Feed 1.86 6.18 243.34</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.81 6.14 241.52</u></div>
<div><u>Toledo El. 0.00 4.33 170.27 -0.25 3.90 153.36</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 6.13 241.13 1.20 5.35 210.62</u></div>
<div><u>Prescott N/A 1.37 5.52 217.31</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 5.62 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 1.2719 down 0.0030</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN21 HI 12.03 NOV21 HI 10.74</u></div>
<div><u> LOW 11.79 3/4 LOW 10.59</u></div>
<div><u> CLOSE12.01 1/4 Up 17 1/2 CLOSE 10.72 1/4 Up 9 1/2</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 2.85 14.86 546.10 2.26 12.98 477.03</u></div>
<div><u>CK High 2.90 14.91 547.94 2.35 13.07 480.33</u></div>
<div><u>CK Average 2.89 -0.30 14.90 547.39 2.30 -0.48 13.02 478.56</u></div>
<div><u>Essex Cty 2.90 14.91 547.94 2.30 13.02 478.49</u></div>
<div><u>Mdsx Low 2.87 14.88 546.84 2.27 12.99 477.39</u></div>
<div><u>Mdsx High 2.90 14.91 547.94 2.30 13.02 478.49</u></div>
<div><u>Mdsx Average2.89 -0.30 14.90 547.39 2.29 -0.50 13.01 477.94</u></div>
<div><u>Hensall 2.90 14.91 547.94 2.32 13.04 479.11</u></div>
<div><u>Bruce 2.85 14.86 546.10 2.30 13.02 478.49</u></div>
<div><u>Putnam 2.90 14.91 547.94 2.30 13.02 478.49</u></div>
<div><u>Burford 2.94 14.95 549.41 2.34 13.06 479.96</u></div>
<div><u>Port Perry 2.86 14.87 546.47 2.26 12.98 477.03</u></div>
<div><u>Norfolk 2.90 14.91 547.94 2.30 13.02 478.49</u></div>
<div><u>Palmerston 2.94 14.95 549.41 2.27 12.99 477.39</u></div>
<div><u>Varna 2.85 14.86 546.10 2.30 13.02 478.49</u></div>
<div><u>Trenton 2.85 14.86 546.10 2.30 13.02 478.49</u></div>
<div><u>Winchester 2.85 14.86 546.10 2.39 13.11 481.80</u></div>
<div><u>North Gower 2.75 14.76 542.43 2.46 13.18 484.37</u></div>
<div><u>Vankleek Hil2.87 14.88 546.84 2.50 13.22 485.84</u></div>
<div><u>Huron FOB 3.08 3.14 3.22 3.22 15.09 554.55 N/A</u></div>
<div><u>Kent FOB 3.00 15.01 551.61 2.30 13.02 478.49</u></div>
<div><u>Lambton FOB 3.00 15.01 551.61 2.40 13.12 482.17</u></div>
<div><u>Mdsx FOB N/A 3.06 3.06 N/A 2.42 13.14 482.90</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor N/A 2.59 13.31 489.15</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.45 15.46 568.15 2.75 13.47 495.03</u></div>
<div><u>Prescott 3.14 15.15 556.76 2.80 13.52 496.87</u></div>
<div><u>Port Colborn3.28 15.29 561.90 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 12.01 441.38 -0.45 10.28 377.63</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2719 down 0.0030</u></div>
<div><u>Chicago wheat closed moderately higher.</u></div>
<div><u>MAR21 HI 6.10 JUL21 HI 6.05</u></div>
<div><u> LOW 5.98 1/2 LOW 5.94 1/2</u></div>
<div><u> CLOSE 6.08 3/4 Up 10 1/4 CLOSE 6.04 Up 9</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>MAR21 HI 5.67 3/4 SEP21 HI 5.91 3/4</u></div>
<div><u> LOW 5.58 1/2 LOW 5.83 1/4</u></div>
<div><u> CLOSE 5.67 Up 8 1/4 CLOSE 5.91 Up 7 3/4</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 1.11 1.04 1.07 N/A 1.16 1.16 0.97 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 1.00 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 0.95 N/A</u></div>
<div><u>Palmerston N/A 1.09 1.09 1.42 N/A 1.23 1.03 1.22</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 1.21 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.04 1.04 0.61 N/A 1.08 1.08 0.73</u></div>
<div><u>W O Feed 1.81</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.56 N/A N/A N/A 1.36 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. 6.09US 7.74CA 5.99US 7.62CA</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 598.45</u></div>
<div><u>DDG's FOB Srn & Aylm 310.00 - 315.00</u></div>
<div><u><br>
</u></div>
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</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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