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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, December 28</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 1.2852 up 0.0034</u></div>
<div><u>Chicago corn closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 4.57 1/2 DEC21 HI 4.28</u></div>
<div><u> LOW 4.48 LOW 4.24 1/4</u></div>
<div><u> CLOSE4.56 1/2 Up 5 1/2 CLOSE 4.26 3/4 Up 2 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 1.35 5.92 232.86 0.95 5.22 205.40</u></div>
<div><u>CK High 1.35 5.92 232.86 0.95 5.22 205.40</u></div>
<div><u>CK Avg 1.35 0.04 5.92 232.86 0.95 -0.21 5.22 205.40</u></div>
<div><u>Essex Cty 1.35 5.92 232.86 0.95 5.22 205.40</u></div>
<div><u>Mdsx Low 1.35 5.92 232.86 0.95 5.22 205.40</u></div>
<div><u>Mdsx High 1.35 5.92 232.86 0.95 5.22 205.40</u></div>
<div><u>Mdsx Avg 1.35 0.04 5.92 232.86 0.95 -0.21 5.22 205.40</u></div>
<div><u>Hensall 1.37 5.93 233.52 0.95 5.22 205.40</u></div>
<div><u>Bruce 1.35 5.92 232.86 0.95 5.22 205.40</u></div>
<div><u>Putnam 1.35 5.92 232.86 0.95 5.22 205.40</u></div>
<div><u>Burford 1.35 5.92 232.86 0.95 5.22 205.40</u></div>
<div><u>Port Perry 1.40 5.97 234.83 0.95 5.22 205.40</u></div>
<div><u>Norfolk 1.35 5.92 232.86 0.95 5.22 205.40</u></div>
<div><u>Palmerston 1.41 5.98 235.23 0.98 5.25 206.58</u></div>
<div><u>Varna 1.35 5.92 232.86 0.95 5.22 205.40</u></div>
<div><u>Trenton 1.45 6.02 236.80 1.00 5.27 207.37</u></div>
<div><u>Winchester 1.45 6.02 236.80 1.25 5.52 217.21</u></div>
<div><u>North Gower 1.42 5.99 235.62 1.25 5.52 217.21</u></div>
<div><u>Vankleek Hil 1.37 5.94 233.65 1.03 5.30 208.55</u></div>
<div><u>Huron FOB 1.60 1.63 1.65 1.67 6.17 242.71 0.95 5.22 205.40</u></div>
<div><u>Kent FOB 1.60 6.17 242.71 1.00 5.27 207.37</u></div>
<div><u>Lamb FOB 1.62 6.19 243.49 1.08 5.35 210.52</u></div>
<div><u>Mdsx FOB 1.55 1.60N/A N/A 6.12 240.74 1.00 5.27 207.37</u></div>
<div><u>FOB SW Que 2.05 6.62 260.42N/A</u></div>
<div><u>Track 1.91 6.48 254.91N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.20 5.47 215.25</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 6.32 248.61 1.20 5.47 215.25</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 5.52 217.21</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 5.62 221.15</u></div>
<div><u>W O Feed 1.99 6.56 258.06</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.94 6.51 256.09</u></div>
<div><u>Toledo El. 0.04 4.60 181.23 -0.26 4.01 157.88</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 6.37 250.58 1.20 5.47 215.25</u></div>
<div><u>Prescott N/A 1.35 5.62 221.15</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.35 5.91 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 1.2852 up 0.0034</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JAN21 HI 12.79 1/2 NOV21 HI 10.91 1/2</u></div>
<div><u> LOW 12.45 LOW 10.75 1/2</u></div>
<div><u> CLOSE12.55 1/4 Down 8 1/4 CLOSE 10.84 3/4 Up 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 3.20 15.75 578.81 2.45 13.30 488.60</u></div>
<div><u>CK High 3.27 15.82 581.38 2.55 13.40 492.27</u></div>
<div><u>CK Average 3.23 -0.27 15.78 579.97 2.52 -0.45 13.36 491.05</u></div>
<div><u>Essex Cty 3.27 15.82 581.38 2.55 13.40 492.27</u></div>
<div><u>Mdsx Low 3.20 15.75 578.81 2.46 13.31 488.97</u></div>
<div><u>Mdsx High 3.23 15.78 579.91 2.50 13.35 490.44</u></div>
<div><u>Mdsx Average3.22 -0.28 15.77 579.36 2.48 -0.48 13.33 489.70</u></div>
<div><u>Hensall 3.20 15.75 578.81 2.53 13.38 491.66</u></div>
<div><u>Bruce 3.25 15.80 580.64 2.55 13.40 492.27</u></div>
<div><u>Putnam 3.20 15.75 578.81 2.50 13.35 490.44</u></div>
<div><u>Burford 3.30 15.85 582.48 2.53 13.38 491.54</u></div>
<div><u>Port Perry 3.22 15.77 579.54 2.45 13.30 488.60</u></div>
<div><u>Norfolk 3.27 15.82 581.38 2.55 13.40 492.27</u></div>
<div><u>Palmerston 3.19 15.74 578.44 2.57 13.42 493.01</u></div>
<div><u>Varna 3.20 15.75 578.81 2.55 13.40 492.27</u></div>
<div><u>Trenton 3.10 15.65 575.13 2.50 13.35 490.44</u></div>
<div><u>Winchester 3.04 15.59 572.93 2.41 13.26 487.13</u></div>
<div><u>North Gower 2.75 15.30 562.27 2.48 13.33 489.70</u></div>
<div><u>Vankleek Hil2.99 15.54 571.09 2.51 13.36 490.80</u></div>
<div><u>Huron FOB 3.47 3.57 3.60 3.60 16.02 588.73 2.56 13.41 492.64</u></div>
<div><u>Kent FOB 3.35 15.90 584.32 2.55 13.40 492.27</u></div>
<div><u>Lambton FOB 3.45 16.00 587.99 2.70 13.55 497.79</u></div>
<div><u>Mdsx FOB N/A 3.43 3.43 N/A 2.61 13.46 494.48</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor N/A 2.78 13.63 500.72</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.82 16.37 601.59 3.00 13.85 508.81</u></div>
<div><u>Prescott 3.24 15.79 580.28 2.85 13.70 503.30</u></div>
<div><u>Port Colborn3.65 16.20 595.34 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.04 12.51 459.81 -0.45 10.40 382.04</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2852 up 0.0034</u></div>
<div><u>Chicago wheat closed slightly lower to lower.</u></div>
<div><u>MAR21 HI 6.31 1/2 JUL21 HI 6.20</u></div>
<div><u> LOW 6.07 LOW 6.00 1/2</u></div>
<div><u> CLOSE 6.14 1/4 Down 12 3/4 CLOSE 6.07 Down 8 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>MAR21 HI 5.84 1/4 SEP21 HI 6.05</u></div>
<div><u> LOW 5.68 3/4 LOW 5.91 3/4</u></div>
<div><u> CLOSE 5.76 3/4 Down 6 CLOSE 5.98 1/4 Down 5 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 1.18 1.18 1.52 N/A 1.32 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 1.32 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 1.89</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 1.88 N/A N/A N/A 1.86 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.14US 7.89CA 6.02US 7.74CA</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 612.12</u></div>
<div><u>DDG's FOB Srn & Aylm 310.00 - 315.00</u></div>
<u><br>
<br>
</u></div>
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<span style="font-size: 10pt; font-family: "Courier New";">Blair Andrews<o:p style=""> </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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