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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, December 22</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 1.2896 up 0.0082</u></div>
<div><u>Chicago corn closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 4.44 1/4 DEC21 HI 4.20 3/4</u></div>
<div><u> LOW 4.37 1/4 LOW 4.17 3/4</u></div>
<div><u> CLOSE4.43 1/2 Up 3 1/2 CLOSE 4.19 3/4 Down 1/4</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 1.30 5.74 225.78 0.90 5.10 200.68</u></div>
<div><u>CK High 1.30 5.74 225.78 0.95 5.15 202.65</u></div>
<div><u>CK Avg 1.30 0.01 5.74 225.78 0.91 -0.24 5.11 201.01</u></div>
<div><u>Essex Cty 1.30 5.74 225.78 0.90 5.10 200.68</u></div>
<div><u>Mdsx Low 1.30 5.74 225.78 0.90 5.10 200.68</u></div>
<div><u>Mdsx High 1.30 5.74 225.78 0.90 5.10 200.68</u></div>
<div><u>Mdsx Avg 1.30 0.01 5.74 225.78 0.90 -0.24 5.10 200.68</u></div>
<div><u>Hensall 1.32 5.75 226.43 0.92 5.11 201.34</u></div>
<div><u>Bruce 1.30 5.74 225.78 0.90 5.10 200.68</u></div>
<div><u>Putnam 1.30 5.74 225.78 0.90 5.10 200.68</u></div>
<div><u>Burford 1.30 5.74 225.78 0.90 5.10 200.68</u></div>
<div><u>Port Perry 1.35 5.79 227.75 0.95 5.15 202.65</u></div>
<div><u>Norfolk 1.30 5.74 225.78 0.90 5.10 200.68</u></div>
<div><u>Palmerston 1.39 5.83 229.32 0.98 5.18 203.83</u></div>
<div><u>Varna 1.30 5.74 225.78 0.90 5.10 200.68</u></div>
<div><u>Trenton 1.40 5.84 229.71 0.95 5.15 202.65</u></div>
<div><u>Winchester 1.45 5.89 231.68 1.25 5.45 214.46</u></div>
<div><u>North Gower 1.42 5.86 230.50 1.25 5.45 214.46</u></div>
<div><u>Vankleek Hil 1.37 5.81 228.53 1.03 5.23 205.80</u></div>
<div><u>Huron FOB 1.62 1.62 1.66 1.69 6.06 238.37 1.00 5.20 204.62</u></div>
<div><u>Kent FOB 1.50 5.94 233.65 0.95 5.15 202.65</u></div>
<div><u>Lamb FOB 1.62 6.06 238.37 1.08 5.28 207.77</u></div>
<div><u>Mdsx FOB 1.55 1.60N/A N/A 5.99 235.62 1.00 5.20 204.62</u></div>
<div><u>FOB SW Que 2.11 6.55 257.67N/A</u></div>
<div><u>Track 1.88 6.32 248.61N/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 5.45 214.46</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 5.55 218.40</u></div>
<div><u>W O Feed 1.97 6.40 252.07</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.88 6.32 248.61</u></div>
<div><u>Toledo El. 0.00 4.44 174.60 -0.26 3.94 155.10</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 6.24 245.46 1.20 5.40 212.49</u></div>
<div><u>Prescott N/A 1.35 5.55 218.40</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 5.73 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 1.2896 up 0.0082</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JAN21 HI 12.52 1/4 NOV21 HI 10.94 1/2</u></div>
<div><u> LOW 12.36 3/4 LOW 10.85</u></div>
<div><u> CLOSE12.47 1/4 Up 4 CLOSE 10.87 3/4 Down 3 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 3.15 15.62 574.03 2.50 13.38 491.54</u></div>
<div><u>CK High 3.17 15.64 574.76 2.53 13.41 492.64</u></div>
<div><u>CK Average 3.15 -0.36 15.63 574.15 2.51 -0.50 13.38 491.72</u></div>
<div><u>Essex Cty 3.15 15.62 574.03 2.50 13.38 491.54</u></div>
<div><u>Mdsx Low 3.15 15.62 574.03 2.50 13.38 491.54</u></div>
<div><u>Mdsx High 3.18 15.65 575.13 2.54 13.42 493.01</u></div>
<div><u>Mdsx Average3.17 -0.35 15.64 574.58 2.52 -0.49 13.40 492.27</u></div>
<div><u>Hensall 3.15 15.62 574.03 2.50 13.38 491.54</u></div>
<div><u>Bruce 3.15 15.62 574.03 2.50 13.38 491.54</u></div>
<div><u>Putnam 3.15 15.62 574.03 2.50 13.38 491.54</u></div>
<div><u>Burford 3.25 15.72 577.70 2.61 13.49 495.58</u></div>
<div><u>Port Perry 3.17 15.64 574.76 2.53 13.41 492.64</u></div>
<div><u>Norfolk 3.15 15.62 574.03 2.50 13.38 491.54</u></div>
<div><u>Palmerston 3.18 15.65 575.13 2.57 13.45 494.11</u></div>
<div><u>Varna 3.00 15.47 568.52 2.40 13.28 487.86</u></div>
<div><u>Trenton 3.00 15.47 568.52 2.40 13.28 487.86</u></div>
<div><u>Winchester 2.99 15.46 568.15 2.42 13.30 488.60</u></div>
<div><u>North Gower 2.75 15.22 559.33 2.48 13.36 490.80</u></div>
<div><u>Vankleek Hil2.99 15.46 568.15 2.51 13.39 491.91</u></div>
<div><u>Huron FOB 3.49 3.59 3.63 3.63 15.96 586.52 2.65 13.53 497.05</u></div>
<div><u>Kent FOB 3.25 15.72 577.70 2.50 13.38 491.54</u></div>
<div><u>Lambton FOB 3.45 15.92 585.05 2.70 13.58 498.89</u></div>
<div><u>Mdsx FOB N/A 3.44 3.44 N/A 2.69 13.57 498.52</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor N/A 2.84 13.72 504.03</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.70 16.17 594.24 2.95 13.83 508.07</u></div>
<div><u>Prescott 3.24 15.71 577.34 2.85 13.73 504.40</u></div>
<div><u>Port Colborn3.66 16.13 592.77 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 12.47 458.29 -0.45 10.43 383.10</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2896 up 0.0082</u></div>
<div><u>Chicago wheat closed steady to slightly higher.</u></div>
<div><u>MAR21 HI 6.19 3/4 JUL21 HI 6.11</u></div>
<div><u> LOW 6.03 LOW 5.98 1/2</u></div>
<div><u> CLOSE 6.17 Up 5 3/4 CLOSE 6.09 1/2 Up 3 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR21 HI 5.73 3/4 SEP21 HI 5.96 1/4</u></div>
<div><u> LOW 5.65 LOW 5.88 1/4</u></div>
<div><u> CLOSE 5.71 1/2 Up 1 1/4 CLOSE 5.93 3/4 Up 1/4</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 1.22 1.22 1.22 N/A 1.26 1.26 1.07 N/A</u></div>
<div><u>Hensall 1.30 N/A 1.25 N/A 1.30 N/A 1.00 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 1.30 N/A 1.25 N/A 1.30 N/A 1.00 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 1.30 N/A 1.25 N/A 1.30 N/A 1.00 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 1.21 1.21 1.52 N/A 1.32 1.13 1.31</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 1.30 1.40 1.25 N/A 1.30 1.25 1.00 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.36 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.04 1.04 0.61 N/A 1.07 1.07 0.73</u></div>
<div><u>W O Feed 1.94</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.74 N/A N/A N/A 1.46 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.92 N/A N/A N/A 1.89 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.17US 7.96CA 6.05US 7.79CA</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 611.79</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:10.0pt;font-family:"Courier New"">Blair Andrews<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"">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>
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