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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 23</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 1.2856 down 0.0040</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 4.49 3/4 DEC21 HI 4.24 1/4</u></div>
<div><u> LOW 4.41 1/2 LOW 4.17 3/4</u></div>
<div><u> CLOSE4.47 1/4 Up 3 3/4 CLOSE 4.23 1/4 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 1.30 5.77 227.25 0.90 5.13 202.06</u></div>
<div><u>CK High 1.35 5.82 229.22 0.95 5.18 204.03</u></div>
<div><u>CK Avg 1.33 0.04 5.80 228.24 0.93 -0.21 5.17 203.37</u></div>
<div><u>Essex Cty 1.35 5.82 229.22 0.95 5.18 204.03</u></div>
<div><u>Mdsx Low 1.30 5.77 227.25 0.90 5.13 202.06</u></div>
<div><u>Mdsx High 1.35 5.82 229.22 0.95 5.18 204.03</u></div>
<div><u>Mdsx Avg 1.33 0.04 5.80 228.24 0.93 -0.22 5.16 203.04</u></div>
<div><u>Hensall 1.33 5.81 228.57 0.93 5.17 203.37</u></div>
<div><u>Bruce 1.35 5.82 229.22 0.95 5.18 204.03</u></div>
<div><u>Putnam 1.35 5.82 229.22 0.95 5.18 204.03</u></div>
<div><u>Burford 1.35 5.82 229.22 0.90 5.13 202.06</u></div>
<div><u>Port Perry 1.40 5.87 231.19 0.95 5.18 204.03</u></div>
<div><u>Norfolk 1.35 5.82 229.22 0.95 5.18 204.03</u></div>
<div><u>Palmerston 1.38 5.85 230.40 0.97 5.20 204.81</u></div>
<div><u>Varna 1.30 5.77 227.25 0.90 5.13 202.06</u></div>
<div><u>Trenton 1.45 5.92 233.16 1.00 5.23 205.99</u></div>
<div><u>Winchester 1.45 5.92 233.16 1.25 5.48 215.84</u></div>
<div><u>North Gower 1.42 5.89 231.98 1.25 5.48 215.84</u></div>
<div><u>Vankleek Hil 1.37 5.84 230.01 1.03 5.26 207.18</u></div>
<div><u>Huron FOB 1.62 1.64 1.67 1.68 6.09 239.85 0.96 5.19 204.42</u></div>
<div><u>Kent FOB 1.60 6.07 239.06 1.00 5.23 205.99</u></div>
<div><u>Lamb FOB 1.62 6.09 239.85 1.08 5.31 209.14</u></div>
<div><u>Mdsx FOB 1.55 1.60N/A N/A 6.02 237.10 1.00 5.23 205.99</u></div>
<div><u>FOB SW Que 2.04 6.51 256.39N/A</u></div>
<div><u>Track 1.92 6.39 251.66N/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 1.80 1.83 1.83 1.85 6.27 246.94 1.20 5.43 213.87</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 5.48 215.84</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 5.58 219.77</u></div>
<div><u>W O Feed 1.96 6.44 253.39</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.92 6.39 251.66</u></div>
<div><u>Toledo El. 0.00 4.47 176.07 -0.26 3.98 156.51</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 6.27 246.94 1.20 5.43 213.87</u></div>
<div><u>Prescott N/A 1.35 5.58 219.77</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.35 5.82 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2856 down 0.0040</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JAN21 HI 12.66 3/4 NOV21 HI 10.92 3/4</u></div>
<div><u> LOW 12.40 1/2 LOW 10.81 1/4</u></div>
<div><u> CLOSE12.58 3/4 Up 11 1/2 CLOSE 10.84 3/4 Down 3</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 15.74 578.25 2.49 13.34 490.07</u></div>
<div><u>CK High 3.25 15.84 581.93 2.55 13.40 492.27</u></div>
<div><u>CK Average 3.21 -0.30 15.80 580.58 2.53 -0.43 13.38 491.60</u></div>
<div><u>Essex Cty 3.25 15.84 581.93 2.55 13.40 492.27</u></div>
<div><u>Mdsx Low 3.20 15.79 580.09 2.50 13.35 490.44</u></div>
<div><u>Mdsx High 3.24 15.83 581.56 2.55 13.40 492.27</u></div>
<div><u>Mdsx Average3.22 -0.29 15.81 580.83 2.53 -0.44 13.37 491.36</u></div>
<div><u>Hensall 3.20 15.79 580.09 2.55 13.40 492.27</u></div>
<div><u>Bruce 3.25 15.84 581.93 2.55 13.40 492.27</u></div>
<div><u>Putnam 3.20 15.79 580.09 2.55 13.40 492.27</u></div>
<div><u>Burford 3.31 15.90 584.13 2.57 13.42 493.01</u></div>
<div><u>Port Perry 3.23 15.82 581.19 2.49 13.34 490.07</u></div>
<div><u>Norfolk 3.25 15.84 581.93 2.55 13.40 492.27</u></div>
<div><u>Palmerston 3.14 15.73 577.89 2.51 13.36 490.80</u></div>
<div><u>Varna 3.20 15.79 580.09 2.55 13.40 492.27</u></div>
<div><u>Trenton 3.10 15.69 576.42 2.50 13.35 490.44</u></div>
<div><u>Winchester 3.04 15.63 574.21 2.41 13.26 487.13</u></div>
<div><u>North Gower 2.75 15.34 563.56 2.48 13.33 489.70</u></div>
<div><u>Vankleek Hil2.99 15.58 572.38 2.51 13.36 490.80</u></div>
<div><u>Huron FOB 3.49 3.58 3.62 3.62 16.08 590.75 2.61 13.46 494.48</u></div>
<div><u>Kent FOB 3.35 15.94 585.60 2.55 13.40 492.27</u></div>
<div><u>Lambton FOB 3.45 16.04 589.28 2.70 13.55 497.79</u></div>
<div><u>Mdsx FOB N/A 3.44 3.44 N/A 2.65 13.50 495.95</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor N/A 2.76 13.61 499.99</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.80 16.39 602.14 3.00 13.85 508.81</u></div>
<div><u>Prescott 3.24 15.83 581.56 2.85 13.70 503.30</u></div>
<div><u>Port Colborn3.65 16.24 596.63 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.00 12.59 462.51 -0.45 10.40 382.06</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2856 down 0.0040</u></div>
<div><u>Chicago wheat closed slightly higher to higher.</u></div>
<div><u>MAR21 HI 6.33 3/4 JUL21 HI 6.21</u></div>
<div><u> LOW 6.10 1/2 LOW 6.03 1/2</u></div>
<div><u> CLOSE 6.29 3/4 Up 12 3/4 CLOSE 6.17 Up 7 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>MAR21 HI 5.83 3/4 SEP21 HI 6.03 1/2</u></div>
<div><u> LOW 5.67 1/4 LOW 5.90</u></div>
<div><u> CLOSE 5.80 Up 8 1/2 CLOSE 6.00 1/4 Up 6 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 1.30 N/A N/A N/A 1.05 N/A</u></div>
<div><u>London 1.26 1.26 1.26 N/A 1.29 1.29 1.10 N/A</u></div>
<div><u>Hensall 1.35 N/A 1.30 N/A 1.35 N/A 1.05 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.10 N/A</u></div>
<div><u>Bruce 1.30 1.40 1.30 1.40 1.20 1.30 1.10 1.30</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 1.35 N/A 1.30 N/A 1.35 N/A 1.05 N/A</u></div>
<div><u>Port Hope N/A N/A 1.20 N/A N/A N/A 1.10 N/A</u></div>
<div><u>Kent Bridge 1.35 N/A 1.30 N/A 1.35 N/A 1.05 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 1.22 1.22 1.53 N/A 1.31 1.12 1.32</u></div>
<div><u>Varna 1.30 1.40 1.30 N/A 1.25 1.25 1.05 N/A</u></div>
<div><u>Mitchell 1.35 1.45 1.30 N/A 1.35 1.30 1.05 N/A</u></div>
<div><u>Thornton N/A N/A N/A 1.44 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.04 1.04 0.61 N/A 1.05 1.05 0.73</u></div>
<div><u>W O Feed 1.95</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.78 N/A N/A N/A 1.49 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.93 N/A N/A N/A 1.88 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.30US 8.10CA 6.12US 7.86CA</u></div>
<div><u><br>
</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 618.63</u></div>
<u>DDG's FOB Srn & Aylm 310.00 - 315.00<br>
</u></div>
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<span style="font-size:10.0pt;font-family:"Courier New"">Blair Andrews<o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
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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">
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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