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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, December 21</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2814 up 0.0030</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 4.40 3/4 DEC21 HI 4.20</u></div>
<div><u> LOW 4.30 1/4 LOW 4.14 1/4</u></div>
<div><u> CLOSE4.40 Up 2 1/2 CLOSE 4.20 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 5.65 222.43 0.90 5.10 200.78</u></div>
<div><u>CK High 1.30 5.70 224.40 0.95 5.15 202.75</u></div>
<div><u>CK Avg 1.29 0.04 5.69 224.07 0.91 -0.21 5.11 201.11</u></div>
<div><u>Essex Cty 1.30 5.70 224.40 0.90 5.10 200.78</u></div>
<div><u>Mdsx Low 1.30 5.70 224.40 0.90 5.10 200.78</u></div>
<div><u>Mdsx High 1.30 5.70 224.40 0.90 5.10 200.78</u></div>
<div><u>Mdsx Avg 1.30 0.05 5.70 224.40 0.90 -0.22 5.10 200.78</u></div>
<div><u>Hensall 1.32 5.72 225.06 0.92 5.12 201.43</u></div>
<div><u>Bruce 1.30 5.70 224.40 0.90 5.10 200.78</u></div>
<div><u>Putnam 1.30 5.70 224.40 0.90 5.10 200.78</u></div>
<div><u>Burford 1.30 5.70 224.40 0.90 5.10 200.78</u></div>
<div><u>Port Perry 1.35 5.75 226.37 0.95 5.15 202.75</u></div>
<div><u>Norfolk 1.30 5.70 224.40 0.90 5.10 200.78</u></div>
<div><u>Palmerston 1.35 5.75 226.37 0.95 5.15 202.75</u></div>
<div><u>Varna 1.30 5.70 224.40 0.90 5.10 200.78</u></div>
<div><u>Trenton 1.45 5.85 230.30 0.95 5.15 202.75</u></div>
<div><u>Winchester 1.45 5.85 230.30 1.25 5.45 214.56</u></div>
<div><u>North Gower 1.42 5.82 229.12 1.25 5.45 214.56</u></div>
<div><u>Vankleek Hil 1.37 5.77 227.15 1.03 5.23 205.90</u></div>
<div><u>Huron FOB 1.58 1.58 1.62 1.65 5.98 235.42 1.01 5.21 205.11</u></div>
<div><u>Kent FOB 1.50 5.90 232.27 0.95 5.15 202.75</u></div>
<div><u>Lamb FOB 1.55 5.95 234.24 1.05 5.25 206.68</u></div>
<div><u>Mdsx FOB 1.50 1.55N/A N/A 5.90 232.27 0.95 5.15 202.75</u></div>
<div><u>FOB SW Que 2.13 6.53 257.07N/A</u></div>
<div><u>Track 1.86 6.26 246.25N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A N/A</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 5.45 214.56</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 5.55 218.49</u></div>
<div><u>W O Feed 1.92 6.32 248.89</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.88 6.28 247.23</u></div>
<div><u>Toledo El. 0.00 4.40 173.22 -0.26 3.94 155.26</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 6.20 244.08 1.20 5.40 212.59</u></div>
<div><u>Prescott N/A 1.35 5.55 218.49</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 5.70</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2814 up 0.0030</u></div>
<div><u>Chicago soybeans closed slightly higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN21 HI 12.44 NOV21 HI 10.91 1/2</u></div>
<div><u> LOW 12.13 1/2 LOW 10.72 1/2</u></div>
<div><u> CLOSE12.43 1/4 Up 23 1/4 CLOSE 10.91 1/4 Up 10</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 15.28 561.54 2.30 13.21 485.48</u></div>
<div><u>CK High 3.15 15.58 572.56 2.50 13.41 492.83</u></div>
<div><u>CK Average 3.08 -0.32 15.52 570.11 2.45 -0.48 13.37 491.11</u></div>
<div><u>Essex Cty 3.15 15.58 572.56 2.50 13.41 492.83</u></div>
<div><u>Mdsx Low 3.15 15.58 572.56 2.48 13.39 492.09</u></div>
<div><u>Mdsx High 3.16 15.59 572.93 2.50 13.41 492.83</u></div>
<div><u>Mdsx Average3.16 -0.27 15.59 572.74 2.49 -0.45 13.40 492.46</u></div>
<div><u>Hensall 3.05 15.48 568.88 2.43 13.35 490.38</u></div>
<div><u>Bruce 3.15 15.58 572.56 2.50 13.41 492.83</u></div>
<div><u>Putnam 3.15 15.58 572.56 2.50 13.41 492.83</u></div>
<div><u>Burford 3.23 15.66 575.50 2.55 13.46 494.66</u></div>
<div><u>Port Perry 3.15 15.58 572.56 2.47 13.38 491.72</u></div>
<div><u>Norfolk 3.15 15.58 572.56 2.50 13.41 492.83</u></div>
<div><u>Palmerston 3.06 15.49 569.25 2.50 13.41 492.83</u></div>
<div><u>Varna 3.00 15.43 567.05 2.40 13.31 489.15</u></div>
<div><u>Trenton 2.95 15.38 565.21 2.40 13.31 489.15</u></div>
<div><u>Winchester 2.85 15.28 561.54 2.39 13.30 488.78</u></div>
<div><u>North Gower 2.75 15.18 557.86 2.48 13.39 492.09</u></div>
<div><u>Vankleek Hil2.99 15.42 566.68 2.51 13.42 493.19</u></div>
<div><u>Huron FOB 3.41 3.48 3.48 3.48 15.84 582.11 2.64 13.55 497.97</u></div>
<div><u>Kent FOB 3.25 15.68 576.23 2.50 13.41 492.83</u></div>
<div><u>Lambton FOB 3.23 15.66 575.50 2.55 13.46 494.66</u></div>
<div><u>Mdsx FOB N/A 3.35 3.35 N/A 2.63 13.54 497.60</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor N/A 2.76 13.67 502.38</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.70 16.13 592.77 2.95 13.86 509.36</u></div>
<div><u>Prescott 3.24 15.67 575.87 2.85 13.76 505.69</u></div>
<div><u>Port Colborn3.57 16.00 587.99 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 12.43 456.82 -0.45 10.46 384.49</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2814 up 0.0030</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR21 HI 6.15 1/4 JUL21 HI 6.09</u></div>
<div><u> LOW 5.96 1/2 LOW 5.93 3/4</u></div>
<div><u> CLOSE 6.11 1/4 Up 3 CLOSE 6.06 Up 2 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 5.61 3/4 LOW 5.85 1/4</u></div>
<div><u> CLOSE 5.70 1/4 Up 1 3/4 CLOSE 5.93 1/2 Up 1</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 1.25 N/A N/A N/A 1.00 N/A</u></div>
<div><u>London 1.19 1.12 1.12 N/A 1.24 1.24 1.05 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 1.40 1.20 1.35 1.20 1.30 1.10 1.25</u></div>
<div><u>Essex N/A N/A 1.30 N/A N/A N/A 1.05 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 1.30 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Brigden N/A N/A 1.30 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Palmerston N/A 1.15 1.15 1.48 N/A 1.28 1.10 1.29</u></div>
<div><u>Varna 1.25 1.35 1.25 N/A 1.20 1.20 1.00 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 1.28 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 1.88</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.64 N/A N/A N/A 1.44 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.85 N/A N/A N/A 1.83 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.11US 7.83CA 6.01US 7.70CA</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 608.82</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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