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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, January 4</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 1.2771 up 0.0026</u></div>
<div><u>Chicago corn closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 4.97 3/4 DEC21 HI 4.40</u></div>
<div><u> LOW 4.79 1/2 LOW 4.31 1/4</u></div>
<div><u> CLOSE4.83 3/4 Down 1/4 CLOSE 4.34 1/2 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+MAY21+MAY21</u></div>
<div><u>CK Low 1.35 6.19 243.59 0.95 5.30 208.45</u></div>
<div><u>CK High 1.35 6.19 243.59 0.95 5.30 208.45</u></div>
<div><u>CK Avg 1.35 0.01 6.19 243.59 0.95 -0.20 5.30 208.45</u></div>
<div><u>Essex Cty 1.35 6.19 243.59 0.95 5.30 208.45</u></div>
<div><u>Mdsx Low 1.35 6.19 243.59 0.95 5.30 208.45</u></div>
<div><u>Mdsx High 1.35 6.19 243.59 0.95 5.30 208.45</u></div>
<div><u>Mdsx Avg 1.35 0.01 6.19 243.59 0.95 -0.20 5.30 208.45</u></div>
<div><u>Hensall 1.37 6.20 244.25 0.97 5.31 209.11</u></div>
<div><u>Bruce 1.35 6.19 243.59 0.95 5.30 208.45</u></div>
<div><u>Putnam 1.35 6.19 243.59 0.95 5.30 208.45</u></div>
<div><u>Burford 1.35 6.19 243.59 0.95 5.30 208.45</u></div>
<div><u>Port Perry 1.40 6.24 245.56 0.95 5.30 208.45</u></div>
<div><u>Norfolk 1.35 6.19 243.59 0.95 5.30 208.45</u></div>
<div><u>Palmerston 1.45 6.29 247.53 0.98 5.33 209.64</u></div>
<div><u>Varna 1.35 6.19 243.59 0.95 5.30 208.45</u></div>
<div><u>Trenton 1.45 6.29 247.53 1.00 5.35 210.42</u></div>
<div><u>Winchester 1.45 6.29 247.53 1.25 5.60 220.27</u></div>
<div><u>North Gower 1.42 6.26 246.35 1.25 5.60 220.27</u></div>
<div><u>Vankleek Hil 1.51 6.35 249.89 1.03 5.38 211.60</u></div>
<div><u>Huron FOB 1.63 1.66 1.69 1.71 6.47 254.61 0.94 5.29 208.06</u></div>
<div><u>Kent FOB 1.65 6.49 255.40 1.00 5.35 210.42</u></div>
<div><u>Lamb FOB 1.62 6.46 254.22 1.08 5.43 213.57</u></div>
<div><u>Mdsx FOB 1.60N/A N/A N/A 6.44 253.43 1.00 5.35 210.42</u></div>
<div><u>FOB SW Que 2.07 6.91 271.94N/A</u></div>
<div><u>Track 1.90 6.74 265.24N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.20 5.55 218.30</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.45 5.80 228.14</u></div>
<div><u>Aylmer-Eth N/A 1.70 1.75 1.80 1.20 5.55 218.30</u></div>
<div><u>Sarn-Eth 1.70 1.75N/A N/A 6.54 257.37N/A</u></div>
<div><u>London-Ing 1.85 1.90 1.95 2.00 6.69 263.28 1.25 5.60 220.27</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 5.70 224.20</u></div>
<div><u>W O Feed 2.02 6.86 269.97</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.98 6.82 268.39</u></div>
<div><u>Toledo El. 0.04 4.88 191.95 -0.26 4.09 161.00</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 6.64 261.31 1.20 5.55 218.30</u></div>
<div><u>Prescott N/A 1.45 5.80 228.14</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.35 6.18 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2771 up 0.0026</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 13.49 1/2 NOV21 HI 11.47</u></div>
<div><u> LOW 13.01 LOW 11.11 3/4</u></div>
<div><u> CLOSE13.13 Up 2 CLOSE 11.20 3/4 Up 9</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 16.38 601.86 2.48 13.69 502.93</u></div>
<div><u>CK High 3.28 16.41 602.96 2.55 13.76 505.50</u></div>
<div><u>CK Average 3.26 -0.30 16.39 602.05 2.53 -0.45 13.74 504.77</u></div>
<div><u>Essex Cty 3.25 16.38 601.86 2.55 13.76 505.50</u></div>
<div><u>Mdsx Low 3.25 16.38 601.86 2.46 13.67 502.19</u></div>
<div><u>Mdsx High 3.26 16.39 602.23 2.55 13.76 505.50</u></div>
<div><u>Mdsx Average3.26 -0.30 16.39 602.05 2.51 -0.47 13.71 503.85</u></div>
<div><u>Hensall 3.28 16.41 603.09 2.55 13.76 505.50</u></div>
<div><u>Bruce 3.25 16.38 601.86 2.55 13.76 505.50</u></div>
<div><u>Putnam 3.25 16.38 601.86 2.55 13.76 505.50</u></div>
<div><u>Burford 3.33 16.46 604.80 2.53 13.74 504.77</u></div>
<div><u>Port Perry 3.25 16.38 601.86 2.45 13.66 501.83</u></div>
<div><u>Norfolk 3.25 16.38 601.86 2.55 13.76 505.50</u></div>
<div><u>Palmerston 3.27 16.40 602.60 2.65 13.86 509.18</u></div>
<div><u>Varna 3.30 16.43 603.70 2.55 13.76 505.50</u></div>
<div><u>Trenton 3.20 16.33 600.02 2.55 13.76 505.50</u></div>
<div><u>Winchester 3.26 16.39 602.23 2.57 13.78 506.24</u></div>
<div><u>North Gower 2.77 15.90 584.22 2.48 13.69 502.93</u></div>
<div><u>Vankleek Hil3.23 16.36 601.13 2.56 13.77 505.87</u></div>
<div><u>Huron FOB 3.53 3.57 3.57 3.56 16.66 612.15 2.61 13.82 507.71</u></div>
<div><u>Kent FOB 3.35 16.48 605.54 2.55 13.76 505.50</u></div>
<div><u>Lambton FOB 3.50 16.63 611.05 2.70 13.91 511.01</u></div>
<div><u>Mdsx FOB 3.46 3.46 3.46 N/A 16.59 609.58 2.68 13.89 510.28</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.81 16.94 622.44 2.85 14.06 516.52</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.80 16.93 622.07 3.00 14.21 522.04</u></div>
<div><u>Prescott N/A 2.93 14.14 519.46</u></div>
<div><u>Port Colborn3.68 16.81 617.66 3.00 14.21 522.04</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.06 13.07 480.10 -0.45 10.76 395.38</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2771 up 0.0026</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR21 HI 6.50 1/4 JUL21 HI 6.36 1/4</u></div>
<div><u> LOW 6.34 LOW 6.23</u></div>
<div><u> CLOSE 6.42 Up 1 1/2 CLOSE 6.29 3/4 Up 1 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>MAR21 HI 6.07 1/2 SEP21 HI 6.22 1/4</u></div>
<div><u> LOW 5.93 1/4 LOW 6.12</u></div>
<div><u> CLOSE 5.99 Down 1/4 CLOSE 6.16 3/4 Up 1/2</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 1.34 1.28 1.28 N/A 1.24 1.24 1.05 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 1.25 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 N/A 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 1.21 1.21 1.21 N/A 1.32 1.13 1.30</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 1.33 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 1.93</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.73 N/A N/A N/A 1.44 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.91 N/A N/A N/A 1.88 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.42US 8.20CA 6.25US 7.98CA</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 621.38</u></div>
<div><u>DDG's FOB Srn & Aylm 310.00 - 320.00</u></div>
<u><br>
<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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