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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 24</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 1.2818 down 0.0038</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 4.51 1/2 DEC21 HI 4.24 1/2</u></div>
<div><u> LOW 4.46 1/2 LOW 4.22 1/2</u></div>
<div><u> CLOSE4.51 Up 3 3/4 CLOSE 4.24 1/2 Up 1 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 5.81 228.73 0.95 5.20 204.52</u></div>
<div><u>CK High 1.35 5.86 230.70 0.95 5.20 204.52</u></div>
<div><u>CK Avg 1.34 0.06 5.85 230.37 0.95 -0.19 5.20 204.52</u></div>
<div><u>Essex Cty 1.35 5.86 230.70 0.95 5.20 204.52</u></div>
<div><u>Mdsx Low 1.35 5.86 230.70 0.95 5.20 204.52</u></div>
<div><u>Mdsx High 1.35 5.86 230.70 0.95 5.20 204.52</u></div>
<div><u>Mdsx Avg 1.35 0.06 5.86 230.70 0.95 -0.19 5.20 204.52</u></div>
<div><u>Hensall 1.37 5.88 231.35 0.95 5.20 204.52</u></div>
<div><u>Bruce 1.35 5.86 230.70 0.95 5.20 204.52</u></div>
<div><u>Putnam 1.35 5.86 230.70 0.95 5.20 204.52</u></div>
<div><u>Burford 1.35 5.86 230.70 0.95 5.20 204.52</u></div>
<div><u>Port Perry 1.40 5.91 232.67 0.95 5.20 204.52</u></div>
<div><u>Norfolk 1.35 5.86 230.70 0.95 5.20 204.52</u></div>
<div><u>Palmerston 1.38 5.89 231.88 0.96 5.21 204.91</u></div>
<div><u>Varna 1.35 5.86 230.70 0.95 5.20 204.52</u></div>
<div><u>Trenton 1.45 5.96 234.63 1.00 5.25 206.49</u></div>
<div><u>Winchester 1.45 5.96 234.63 1.25 5.50 216.33</u></div>
<div><u>North Gower 1.42 5.93 233.45 1.25 5.50 216.33</u></div>
<div><u>Vankleek Hil 1.37 5.88 231.49 1.03 5.28 207.67</u></div>
<div><u>Huron FOB 1.60 1.63 1.65 1.67 6.11 240.54 0.95 5.20 204.52</u></div>
<div><u>Kent FOB 1.60 6.11 240.54 1.00 5.25 206.49</u></div>
<div><u>Lamb FOB 1.62 6.13 241.33 1.08 5.33 209.64</u></div>
<div><u>Mdsx FOB 1.55 1.60N/A N/A 6.06 238.57 1.00 5.25 206.49</u></div>
<div><u>FOB SW Que 2.05 6.56 258.26N/A</u></div>
<div><u>Track 1.90 6.41 252.15N/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 1.75 1.78 1.83 1.85 6.26 246.45 1.20 5.45 214.36</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 5.50 216.33</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 5.60 220.27</u></div>
<div><u>W O Feed 1.96 6.47 254.63</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.91 6.42 252.74</u></div>
<div><u>Toledo El. 0.04 4.55 179.06 -0.26 3.99 157.02</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 6.31 248.41 1.20 5.45 214.36</u></div>
<div><u>Prescott N/A 1.35 5.60 220.27</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.35 5.86</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2818 down 0.0038</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JAN21 HI 12.74 1/4 NOV21 HI 10.90</u></div>
<div><u> LOW 12.59 3/4 LOW 10.81</u></div>
<div><u> CLOSE12.63 1/2 Up 4 3/4 CLOSE 10.83 1/4 Down 1 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 15.79 580.00 2.45 13.28 488.05</u></div>
<div><u>CK High 3.25 15.89 583.67 2.55 13.38 491.72</u></div>
<div><u>CK Average 3.21 -0.27 15.85 582.27 2.51 -0.43 13.34 490.19</u></div>
<div><u>Essex Cty 3.25 15.89 583.67 2.55 13.38 491.72</u></div>
<div><u>Mdsx Low 3.20 15.84 581.84 2.46 13.29 488.42</u></div>
<div><u>Mdsx High 3.23 15.87 582.94 2.50 13.33 489.89</u></div>
<div><u>Mdsx Average3.22 -0.27 15.85 582.39 2.48 -0.45 13.31 489.15</u></div>
<div><u>Hensall 3.20 15.84 581.84 2.53 13.37 491.11</u></div>
<div><u>Bruce 3.25 15.89 583.67 2.55 13.38 491.72</u></div>
<div><u>Putnam 3.20 15.84 581.84 2.50 13.33 489.89</u></div>
<div><u>Burford 3.30 15.94 585.51 2.53 13.36 490.99</u></div>
<div><u>Port Perry 3.22 15.86 582.57 2.45 13.28 488.05</u></div>
<div><u>Norfolk 3.25 15.89 583.67 2.55 13.38 491.72</u></div>
<div><u>Palmerston 3.18 15.82 581.10 2.54 13.37 491.36</u></div>
<div><u>Varna 3.20 15.84 581.84 2.55 13.38 491.72</u></div>
<div><u>Trenton 3.10 15.74 578.16 2.50 13.33 489.89</u></div>
<div><u>Winchester 3.04 15.68 575.96 2.41 13.24 486.58</u></div>
<div><u>North Gower 2.75 15.39 565.30 2.48 13.31 489.15</u></div>
<div><u>Vankleek Hil2.99 15.63 574.12 2.51 13.34 490.25</u></div>
<div><u>Huron FOB 3.47 3.57 3.60 3.60 16.11 591.76 2.56 13.39 492.09</u></div>
<div><u>Kent FOB 3.35 15.99 587.35 2.55 13.38 491.72</u></div>
<div><u>Lambton FOB 3.45 16.09 591.02 2.70 13.53 497.23</u></div>
<div><u>Mdsx FOB N/A 3.43 3.43 N/A 2.61 13.44 493.93</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor N/A 2.73 13.56 498.34</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.80 16.44 603.88 3.00 13.83 508.26</u></div>
<div><u>Prescott 3.24 15.88 583.31 2.85 13.68 502.75</u></div>
<div><u>Port Colborn3.65 16.29 598.37 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.05 12.58 462.37 -0.45 10.38 381.53</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2818 down 0.0038</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR21 HI 6.33 3/4 JUL21 HI 6.18 3/4</u></div>
<div><u> LOW 6.23 1/2 LOW 6.13</u></div>
<div><u> CLOSE 6.27 Down 2 3/4 CLOSE 6.15 3/4 Down 1 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR21 HI 5.85 SEP21 HI 6.05</u></div>
<div><u> LOW 5.78 1/4 LOW 5.99 1/4</u></div>
<div><u> CLOSE 5.82 3/4 Up 2 3/4 CLOSE 6.04 Up 3 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 1.30 N/A N/A N/A 1.05 N/A</u></div>
<div><u>London 1.25 1.25 1.25 N/A 1.28 1.28 1.09 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 1.19 1.19 1.51 N/A 1.29 1.10 1.26</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 1.38 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 1.92</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 1.48 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.90 N/A N/A N/A 1.87 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.27US 8.04CA 6.11US 7.83CA</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 613.78</u></div>
<div><u>DDG's FOB Srn & Aylm 310.00 - 315.00</u></div>
<u><br>
<br>
</u></div>
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<u><br>
</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:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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