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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 31</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 1.2745 down 0.0016</u></div>
<div><u>Chicago corn closed slightly higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 4.85 3/4 DEC21 HI 4.36</u></div>
<div><u> LOW 4.73 LOW 4.30 3/4</u></div>
<div><u> CLOSE4.84 Up 9 1/2 CLOSE 4.34 3/4 Up 1 3/4</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+MAY21+MAY21</u></div>
<div><u>CK Low 1.35 6.19 243.69 0.95 5.30 208.55</u></div>
<div><u>CK High 1.35 6.19 243.69 0.95 5.30 208.55</u></div>
<div><u>CK Avg 1.35 0.02 6.19 243.69 0.95 -0.20 5.30 208.55</u></div>
<div><u>Essex Cty 1.35 6.19 243.69 0.95 5.30 208.55</u></div>
<div><u>Mdsx Low 1.35 6.19 243.69 0.95 5.30 208.55</u></div>
<div><u>Mdsx High 1.35 6.19 243.69 0.95 5.30 208.55</u></div>
<div><u>Mdsx Avg 1.35 0.02 6.19 243.69 0.95 -0.20 5.30 208.55</u></div>
<div><u>Hensall 1.37 6.21 244.35 0.97 5.31 209.21</u></div>
<div><u>Bruce 1.35 6.19 243.69 0.95 5.30 208.55</u></div>
<div><u>Putnam 1.35 6.19 243.69 0.95 5.30 208.55</u></div>
<div><u>Burford 1.35 6.19 243.69 0.95 5.30 208.55</u></div>
<div><u>Port Perry 1.40 6.24 245.66 0.95 5.30 208.55</u></div>
<div><u>Norfolk 1.35 6.19 243.69 0.95 5.30 208.55</u></div>
<div><u>Palmerston 1.44 6.28 247.23 0.97 5.32 209.34</u></div>
<div><u>Varna 1.35 6.19 243.69 0.95 5.30 208.55</u></div>
<div><u>Trenton 1.45 6.29 247.63 1.00 5.35 210.52</u></div>
<div><u>Winchester 1.45 6.29 247.63 1.25 5.60 220.36</u></div>
<div><u>North Gower 1.42 6.26 246.45 1.25 5.60 220.36</u></div>
<div><u>Vankleek Hil 1.51 6.35 249.99 1.03 5.38 211.70</u></div>
<div><u>Huron FOB 1.64 1.67 1.69 1.69 6.48 255.11 0.94 5.29 208.16</u></div>
<div><u>Kent FOB 1.65 6.49 255.50 1.00 5.35 210.52</u></div>
<div><u>Lamb FOB 1.62 6.46 254.32 1.08 5.43 213.67</u></div>
<div><u>Mdsx FOB 1.60N/A N/A N/A 6.44 253.53 1.00 5.35 210.52</u></div>
<div><u>FOB SW Que 2.03 6.87 270.46N/A</u></div>
<div><u>Track 1.90 6.74 265.15N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.22 5.57 219.18</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.47 5.82 229.02</u></div>
<div><u>Aylmer-Eth N/A 1.75 1.80 1.85 1.20 5.55 218.40</u></div>
<div><u>Sarn-Eth 1.70 1.75N/A N/A 6.54 257.47N/A</u></div>
<div><u>London-Ing 1.85 1.90 1.95 2.00 6.69 263.37 1.25 5.60 220.36</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 2.00N/A N/A 1.35 5.70 224.30</u></div>
<div><u>W O Feed 2.01 6.85 269.52</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.97 6.81 268.10</u></div>
<div><u>Toledo El. 0.04 4.88 192.05 -0.26 4.09 161.11</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 6.64 261.41 1.20 5.55 218.40</u></div>
<div><u>Prescott N/A 1.45 5.80 228.24</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.35 6.19</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2745 down 0.0016</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 13.20 3/4 NOV21 HI 11.18</u></div>
<div><u> LOW 12.95 LOW 10.98</u></div>
<div><u> CLOSE13.11 Up 10 1/2 CLOSE 11.11 3/4 Up 8</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 +MAR21+MAR21+MAY21</u></div>
<div><u>CK Low 3.25 16.36 601.13 2.48 13.60 499.62</u></div>
<div><u>CK High 3.29 16.40 602.60 2.55 13.67 502.19</u></div>
<div><u>CK Average 3.26 -0.27 16.37 601.37 2.53 -0.42 13.65 501.46</u></div>
<div><u>Essex Cty 3.25 16.36 601.13 2.55 13.67 502.19</u></div>
<div><u>Mdsx Low 3.25 16.36 601.13 2.49 13.61 499.99</u></div>
<div><u>Mdsx High 3.30 16.41 602.96 2.55 13.67 502.19</u></div>
<div><u>Mdsx Average3.28 -0.25 16.39 602.05 2.52 -0.43 13.64 501.09</u></div>
<div><u>Hensall 3.25 16.36 601.13 2.55 13.67 502.19</u></div>
<div><u>Bruce 3.24 16.35 600.76 2.50 13.62 500.36</u></div>
<div><u>Putnam 3.25 16.36 601.13 2.55 13.67 502.19</u></div>
<div><u>Burford 3.37 16.48 605.54 2.56 13.68 502.56</u></div>
<div><u>Port Perry 3.29 16.40 602.60 2.48 13.60 499.62</u></div>
<div><u>Norfolk 3.25 16.36 601.13 2.55 13.67 502.19</u></div>
<div><u>Palmerston 3.24 16.35 600.76 2.61 13.73 504.40</u></div>
<div><u>Varna 3.25 16.36 601.13 2.55 13.67 502.19</u></div>
<div><u>Trenton 3.20 16.31 599.29 2.50 13.62 500.36</u></div>
<div><u>Winchester 3.26 16.37 601.49 2.57 13.69 502.93</u></div>
<div><u>North Gower 2.77 15.88 583.49 2.48 13.60 499.62</u></div>
<div><u>Vankleek Hil3.20 16.31 599.29 2.52 13.64 501.09</u></div>
<div><u>Huron FOB 3.50 3.53 3.53 3.52 16.61 610.31 2.57 13.69 502.93</u></div>
<div><u>Kent FOB 3.35 16.46 604.80 2.55 13.67 502.19</u></div>
<div><u>Lambton FOB 3.50 16.61 610.31 2.70 13.82 507.71</u></div>
<div><u>Mdsx FOB 3.49 3.49 3.49 N/A 16.60 609.95 2.70 13.82 507.71</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.80 16.91 621.34 2.82 13.94 512.12</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.80 16.91 621.34 3.00 14.12 518.73</u></div>
<div><u>Prescott N/A 2.85 13.97 513.22</u></div>
<div><u>Port Colborn3.71 16.82 618.03 3.03 14.15 519.83</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.06 13.05 479.37 -0.45 10.67 392.09</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2745 down 0.0016</u></div>
<div><u>Chicago wheat closed narrowly mixed.</u></div>
<div><u>MAR21 HI 6.44 1/2 JUL21 HI 6.30 1/4</u></div>
<div><u> LOW 6.32 1/2 LOW 6.22</u></div>
<div><u> CLOSE 6.40 1/2 Down 1/4 CLOSE 6.28 1/4 Up 1</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR21 HI 6.00 SEP21 HI 6.16 1/2</u></div>
<div><u> LOW 5.90 1/2 LOW 6.10 3/4</u></div>
<div><u> CLOSE 5.99 1/4 Up 3 CLOSE 6.16 1/4 Up 3</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 1.37 1.31 1.31 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 1.15 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 1.52 N/A 1.31 1.10 1.31</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 1.34 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 1.76 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 1.89 N/A N/A N/A 1.86 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.41US 8.16CA 6.23US 7.95CA</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 627.67</u></div>
<div><u>DDG's FOB Srn & Aylm 310.00 - 315.00</u></div>
<div><u><br>
</u></div>
<br>
<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>
<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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