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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, December 18</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 up 0.0065</u></div>
<div><u>Chicago corn closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 4.38 1/2 DEC21 HI 4.19 1/4</u></div>
<div><u> LOW 4.32 LOW 4.13 3/4</u></div>
<div><u> CLOSE4.37 1/2 Up 5 CLOSE 4.18 1/2 Up 3 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 5.63 221.45 0.90 5.09 200.19</u></div>
<div><u>CK High 1.30 5.68 223.41 0.95 5.14 202.16</u></div>
<div><u>CK Avg 1.27 0.04 5.64 222.10 0.91 -0.20 5.09 200.52</u></div>
<div><u>Essex Cty 1.30 5.68 223.41 0.90 5.09 200.19</u></div>
<div><u>Mdsx Low 1.25 5.63 221.45 0.90 5.09 200.19</u></div>
<div><u>Mdsx High 1.25 5.63 221.45 0.90 5.09 200.19</u></div>
<div><u>Mdsx Avg 1.25 0.02 5.63 221.45 0.90 -0.21 5.09 200.19</u></div>
<div><u>Hensall 1.27 5.64 222.10 0.92 5.10 200.84</u></div>
<div><u>Bruce 1.25 5.63 221.45 0.90 5.09 200.19</u></div>
<div><u>Putnam 1.25 5.63 221.45 0.90 5.09 200.19</u></div>
<div><u>Burford 1.30 5.68 223.41 0.90 5.09 200.19</u></div>
<div><u>Port Perry 1.35 5.73 225.38 0.95 5.14 202.16</u></div>
<div><u>Norfolk 1.30 5.68 223.41 0.90 5.09 200.19</u></div>
<div><u>Palmerston 1.32 5.70 224.20 0.93 5.12 201.37</u></div>
<div><u>Varna 1.25 5.63 221.45 0.90 5.09 200.19</u></div>
<div><u>Trenton 1.45 5.83 229.32 0.95 5.14 202.16</u></div>
<div><u>Winchester 1.45 5.83 229.32 1.25 5.44 213.97</u></div>
<div><u>North Gower 1.42 5.80 228.14 1.25 5.44 213.97</u></div>
<div><u>Vankleek Hil 1.38 5.76 226.56 1.03 5.22 205.31</u></div>
<div><u>Huron FOB 1.52 1.52 1.56 1.59 5.90 232.08 0.96 5.15 202.55</u></div>
<div><u>Kent FOB 1.50 5.88 231.29 0.95 5.14 202.16</u></div>
<div><u>Lamb FOB 1.50 5.88 231.29 0.95 5.14 202.16</u></div>
<div><u>Mdsx FOB 1.50 1.55N/A N/A 5.88 231.29 0.95 5.14 202.16</u></div>
<div><u>FOB SW Que 2.13 6.51 256.09N/A</u></div>
<div><u>Track 1.87 6.25 245.85N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.72 1.79 1.80 1.15 5.34 210.03</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A 1.86 1.34 5.53 217.51</u></div>
<div><u>Aylmer-Eth 1.75 1.75 1.78 1.80 6.13 241.13 1.15 5.34 210.03</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 5.44 213.97</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 5.54 217.90</u></div>
<div><u>W O Feed 1.90 6.28 247.11</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.86 6.24 245.46</u></div>
<div><u>Toledo El. 0.00 4.38 172.24 -0.26 3.93 154.69</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 6.18 243.10 1.20 5.39 212.00</u></div>
<div><u>Prescott N/A 1.37 5.56 218.69</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 5.67 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 up 0.0065</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN21 HI 12.24 3/4 NOV21 HI 10.84</u></div>
<div><u> LOW 12.01 1/2 LOW 10.70 1/2</u></div>
<div><u> CLOSE12.20 Up 18 3/4 CLOSE 10.81 1/4 Up 9</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 15.05 552.99 2.30 13.11 481.80</u></div>
<div><u>CK High 2.97 15.17 557.40 2.35 13.16 483.64</u></div>
<div><u>CK Average 2.94 -0.36 15.14 556.18 2.34 -0.52 13.15 483.21</u></div>
<div><u>Essex Cty 2.95 15.15 556.67 2.35 13.16 483.64</u></div>
<div><u>Mdsx Low 2.95 15.15 556.67 2.34 13.15 483.27</u></div>
<div><u>Mdsx High 2.98 15.18 557.77 2.35 13.16 483.64</u></div>
<div><u>Mdsx Average2.97 -0.34 15.17 557.22 2.35 -0.52 13.16 483.46</u></div>
<div><u>Hensall 2.95 15.15 556.67 2.35 13.16 483.64</u></div>
<div><u>Bruce 2.95 15.15 556.67 2.35 13.16 483.64</u></div>
<div><u>Putnam 2.95 15.15 556.67 2.35 13.16 483.64</u></div>
<div><u>Burford 3.05 15.25 560.34 2.41 13.22 485.84</u></div>
<div><u>Port Perry 2.97 15.17 557.40 2.33 13.14 482.90</u></div>
<div><u>Norfolk 2.95 15.15 556.67 2.35 13.16 483.64</u></div>
<div><u>Palmerston 3.06 15.26 560.71 2.36 13.17 484.01</u></div>
<div><u>Varna 2.95 15.15 556.67 2.35 13.16 483.64</u></div>
<div><u>Trenton 2.90 15.10 554.83 2.30 13.11 481.80</u></div>
<div><u>Winchester 2.85 15.05 552.99 2.39 13.20 485.11</u></div>
<div><u>North Gower 2.75 14.95 549.32 2.46 13.27 487.68</u></div>
<div><u>Vankleek Hil2.87 15.07 553.73 2.50 13.31 489.15</u></div>
<div><u>Huron FOB 3.18 3.24 3.25 3.25 15.38 565.12 2.47 13.28 488.05</u></div>
<div><u>Kent FOB 3.05 15.25 560.34 2.35 13.16 483.64</u></div>
<div><u>Lambton FOB 3.00 15.20 558.50 2.40 13.21 485.48</u></div>
<div><u>Mdsx FOB N/A 3.18 3.18 N/A 2.49 13.30 488.78</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor N/A 2.69 13.50 496.13</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.50 15.70 576.88 2.80 13.61 500.17</u></div>
<div><u>Prescott 3.14 15.34 563.65 2.80 13.61 500.17</u></div>
<div><u>Port Colborn3.40 15.60 573.20 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 12.20 448.27 -0.45 10.37 380.85</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2784 up 0.0065</u></div>
<div><u>Chicago wheat closed mixed.</u></div>
<div><u>MAR21 HI 6.14 3/4 JUL21 HI 6.07 1/2</u></div>
<div><u> LOW 6.04 1/2 LOW 5.99 3/4</u></div>
<div><u> CLOSE 6.08 1/4 Down 1/2 CLOSE 6.03 3/4 Down 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR21 HI 5.72 3/4 SEP21 HI 5.95</u></div>
<div><u> LOW 5.65 1/4 LOW 5.89 1/2</u></div>
<div><u> CLOSE 5.68 1/2 Up 1 1/2 CLOSE 5.92 1/2 Up 1 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 1.20 N/A N/A N/A 0.95 N/A</u></div>
<div><u>London 1.15 1.09 1.09 N/A 1.20 1.20 1.01 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 1.20 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 1.15 N/A N/A N/A 1.00 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 1.20 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Brigden N/A N/A 1.20 N/A N/A N/A 0.95 N/A</u></div>
<div><u>Palmerston N/A 1.12 1.12 1.45 N/A 1.27 1.07 1.26</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 1.25 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 1.85</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.61 N/A N/A N/A 1.40 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 1.81 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.08US 7.78CA 5.99US 7.65CA</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 - 315.00</u></div>
<div><u><br>
</u></div>
<br>
<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>
<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"">University of Guelph, Ridgetown Campus<o:p> </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""><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>
<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"">Tel. 519-674-1500 x 63577
<o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p> </o:p></span></span></p>
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