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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 6</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 1.2685 up 0.0020</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 5.02 3/4 DEC21 HI 4.44</u></div>
<div><u> LOW 4.91 1/2 LOW 4.37 3/4</u></div>
<div><u> CLOSE4.95 Up 3 1/4 CLOSE 4.41 1/4 Up 2 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 6.30 248.02 0.95 5.36 211.11</u></div>
<div><u>CK High 1.40 6.35 249.99 0.95 5.36 211.11</u></div>
<div><u>CK Avg 1.37 0.03 6.32 248.68 0.95 -0.18 5.36 211.11</u></div>
<div><u>Essex Cty 1.40 6.35 249.99 0.95 5.36 211.11</u></div>
<div><u>Mdsx Low 1.35 6.30 248.02 0.95 5.36 211.11</u></div>
<div><u>Mdsx High 1.35 6.30 248.02 0.95 5.36 211.11</u></div>
<div><u>Mdsx Avg 1.35 0.02 6.30 248.02 0.95 -0.18 5.36 211.11</u></div>
<div><u>Hensall 1.40 6.35 249.99 0.97 5.38 211.77</u></div>
<div><u>Bruce 1.35 6.30 248.02 0.95 5.36 211.11</u></div>
<div><u>Putnam 1.35 6.30 248.02 0.95 5.36 211.11</u></div>
<div><u>Burford 1.35 6.30 248.02 0.95 5.36 211.11</u></div>
<div><u>Port Perry 1.40 6.35 249.99 0.95 5.36 211.11</u></div>
<div><u>Norfolk 1.40 6.35 249.99 0.95 5.36 211.11</u></div>
<div><u>Palmerston 1.32 6.27 246.84 0.95 5.36 211.11</u></div>
<div><u>Varna 1.40 6.35 249.99 0.95 5.36 211.11</u></div>
<div><u>Trenton 1.45 6.40 251.96 1.00 5.41 213.08</u></div>
<div><u>Winchester 1.45 6.40 251.96 1.25 5.66 222.92</u></div>
<div><u>North Gower 1.44 6.39 251.56 1.25 5.66 222.92</u></div>
<div><u>Vankleek Hil 1.90 6.85 269.67 1.08 5.49 216.23</u></div>
<div><u>Huron FOB 1.61 1.64 1.66 1.69 6.56 258.26 0.95 5.36 211.11</u></div>
<div><u>Kent FOB 1.70 6.65 261.80 1.00 5.41 213.08</u></div>
<div><u>Lamb FOB 1.62 6.57 258.65 1.03 5.44 214.26</u></div>
<div><u>Mdsx FOB 1.60 1.65N/A N/A 6.55 257.86 1.00 5.41 213.08</u></div>
<div><u>FOB SW Que 1.97 6.92 272.43N/A</u></div>
<div><u>Track 1.88 6.83 268.69N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.21 5.62 221.35</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A 1.70 1.75 1.80 1.20 5.61 220.95</u></div>
<div><u>Sarn-Eth 1.70 1.75N/A N/A 6.65 261.80N/A</u></div>
<div><u>London-Ing 1.80 1.85 1.90 1.95 6.75 265.74 1.25 5.66 222.92</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 5.76 226.86</u></div>
<div><u>W O Feed 1.99 6.94 273.29</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.96 6.91 272.03</u></div>
<div><u>Toledo El. 0.04 4.99 196.37 -0.25 4.16 163.74</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 6.75 265.74 1.20 5.61 220.95</u></div>
<div><u>Prescott N/A 1.45 5.86 230.80</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 6.35</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2685 up 0.0020</u></div>
<div><u>Chicago soybeans closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 13.78 1/4 NOV21 HI 11.63 1/4</u></div>
<div><u> LOW 13.54 1/2 LOW 11.42 1/2</u></div>
<div><u> CLOSE13.61 1/2 Up 14 1/2 CLOSE 11.53 1/4 Up 12</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 3.30 16.92 621.52 2.55 14.08 517.44</u></div>
<div><u>CK High 3.31 16.93 621.89 2.60 14.13 519.28</u></div>
<div><u>CK Average 3.30 -0.28 16.92 621.58 2.58 -0.39 14.12 518.67</u></div>
<div><u>Essex Cty 3.30 16.92 621.52 2.60 14.13 519.28</u></div>
<div><u>Mdsx Low 3.29 16.91 621.15 2.53 14.06 516.71</u></div>
<div><u>Mdsx High 3.30 16.92 621.52 2.60 14.13 519.28</u></div>
<div><u>Mdsx Average3.30 -0.28 16.91 621.34 2.57 -0.41 14.10 517.99</u></div>
<div><u>Hensall 3.30 16.92 621.52 2.57 14.10 518.06</u></div>
<div><u>Bruce 3.30 16.92 621.52 2.60 14.13 519.28</u></div>
<div><u>Putnam 3.30 16.92 621.52 2.60 14.13 519.28</u></div>
<div><u>Burford 3.36 16.98 623.72 2.60 14.13 519.28</u></div>
<div><u>Port Perry 3.28 16.90 620.78 2.52 14.05 516.34</u></div>
<div><u>Norfolk 3.30 16.92 621.52 2.60 14.13 519.28</u></div>
<div><u>Palmerston 3.27 16.89 620.42 2.63 14.16 520.38</u></div>
<div><u>Varna 3.30 16.92 621.52 2.55 14.08 517.44</u></div>
<div><u>Trenton 3.30 16.92 621.52 2.60 14.13 519.28</u></div>
<div><u>Winchester 3.30 16.92 621.52 2.55 14.08 517.44</u></div>
<div><u>North Gower 3.00 16.62 610.50 2.53 14.06 516.71</u></div>
<div><u>Vankleek Hil3.33 16.95 622.62 2.69 14.22 522.59</u></div>
<div><u>Huron FOB 3.61 3.65 3.65 3.64 17.23 632.91 2.66 14.19 521.49</u></div>
<div><u>Kent FOB 3.40 17.02 625.19 2.60 14.13 519.28</u></div>
<div><u>Lambton FOB 3.60 17.22 632.54 2.75 14.28 524.79</u></div>
<div><u>Mdsx FOB 3.49 3.56 3.56 N/A 17.11 628.50 2.65 14.18 521.12</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.77 17.39 638.79 2.84 14.37 528.10</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.85 17.47 641.73 3.05 14.58 535.82</u></div>
<div><u>Prescott N/A 3.00 14.53 533.98</u></div>
<div><u>Port Colborn3.77 17.39 638.79 3.06 14.59 536.18</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.06 13.55 497.94 -0.44 11.09 407.45</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2685 up 0.0020</u></div>
<div><u>Chicago wheat closed mixed.</u></div>
<div><u>MAR21 HI 6.60 1/4 JUL21 HI 6.45</u></div>
<div><u> LOW 6.46 LOW 6.34 3/4</u></div>
<div><u> CLOSE 6.47 1/2 Down 6 1/2 CLOSE 6.39 Down 1 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR21 HI 6.12 3/4 SEP21 HI 6.28 1/2</u></div>
<div><u> LOW 6.03 3/4 LOW 6.21 1/2</u></div>
<div><u> CLOSE 6.06 1/4 Down 1 CLOSE 6.23 1/4 Down 1</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 1.39 1.32 1.32 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 1.25 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 1.16 1.16 N/A N/A 1.29 1.10 N/A</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 1.36 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.07 1.07 0.65 N/A 1.12 1.12 0.75</u></div>
<div><u>W O Feed 1.96</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 1.87 N/A N/A N/A 1.83 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.48US 8.21CA 6.34US 8.03CA</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 637.48</u></div>
<div><u>DDG's FOB Srn & Aylm 310.00 - 320.00</u></div>
<br>
---</div>
<div style="font-family:"Courier New",monospace; font-size:10pt; color:rgb(0,0,0)">
Ontario Grain Market Commentary for January 6, 2021</div>
<div style="font-family:"Courier New",monospace; font-size:10pt; color:rgb(0,0,0)">
By Todd Austin, Grain Farmers of Ontario</div>
<div style="font-family:"Courier New",monospace; font-size:10pt; color:rgb(0,0,0)">
<br>
</div>
<div style="font-family:"Courier New",monospace; font-size:10pt; color:rgb(0,0,0)">
<div>Wednesday, January 6, 2021</div>
<div>COMMODITY PERIOD PRICE WEEKLY MOVEMENT</div>
<div>Corn CBOT Mar 4.95 ¡è 20 ¨ö Cents</div>
<div>Soybeans CBOT Mar 13.61 ¨ö ¡è 61 Cents</div>
<div>Wheat CBOT Mar 6.47 ¨ö ¡è 6 ¨ú Cent</div>
<div>Wheat Minn. Mar 6.06 ¨ù ¡è 10 Cents</div>
<div>Wheat Kansas Mar 6.03 ¨ö ¡è 18 ¨ö Cents</div>
<div>Oats CBOT Mar 3.59 ¨ú ¡è 10 ¨ú Cents</div>
<div></div>
<div>Canadian $ Mar 0.7885 ¡è 49 Points</div>
<div><br>
</div>
<div><br>
</div>
<div>CORN: </div>
<div>As the country deals with food price inflation, Argentina has suspended corn exports until March of this year, in an effort to protect domestic supplies. In the 2019/2020 marketing year, Argentina had exported 34.2 million tonnes of corn which accounted
for nearly a quarter of all global exports for that time period. The CBOT corn futures rose to a 6 and a half year high after Argentina made the announcement.</div>
<div><br>
</div>
<div>SOYBEANS: </div>
<div>Since the beginning of the new marketing year in September, U.S. soybean crush has been strong. In the months of October and November, crush numbers came in above 180 million bushels. Exports have been equally strong during this time period. As a result,
soybean futures have climbed to levels not seen since early 2014. As demand continues to grow, we may see future values continue to climb in order to further ration demand.</div>
<div><br>
</div>
<div>WHEAT:</div>
<div>Due to an upcoming wheat export tax, Russia has lowered its expected wheat exports from 40.8 million tonnes to 36.3 million. This tax will be implemented to help stabilize domestic food prices. As a result, Black Sea wheat values are at a six-year high.
Demand for wheat remains strong as importing countries look to maintain or increase stockpiles in order to ensure domestic food security. This increased demand should help support higher prices.
</div>
<div><br>
</div>
<div>---</div>
<div><br>
</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:10.0pt;font-family:"Courier New"">Blair Andrews<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"">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>
<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"">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>
<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"">Fax. 519-674-1530<br>
<br>
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unsubscribe from this report.</span><br>
<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
<span style="background:#FDFDFD">Grain Farmers of Ontario<o:p> </o:p></span></span></p>
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