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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 7</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 1.2687 up 0.0002</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 4.96 DEC21 HI 4.41 3/4</u></div>
<div><u> LOW 4.87 1/4 LOW 4.34 1/2</u></div>
<div><u> CLOSE4.94 Down 1 CLOSE 4.41 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 6.29 247.63 0.95 5.36 211.01</u></div>
<div><u>CK High 1.40 6.34 249.59 0.95 5.36 211.01</u></div>
<div><u>CK Avg 1.37 0.03 6.31 248.28 0.95 -0.18 5.36 211.01</u></div>
<div><u>Essex Cty 1.40 6.34 249.59 0.95 5.36 211.01</u></div>
<div><u>Mdsx Low 1.35 6.29 247.63 0.95 5.36 211.01</u></div>
<div><u>Mdsx High 1.35 6.29 247.63 0.95 5.36 211.01</u></div>
<div><u>Mdsx Avg 1.35 0.02 6.29 247.63 0.95 -0.18 5.36 211.01</u></div>
<div><u>Hensall 1.40 6.34 249.59 0.97 5.38 211.67</u></div>
<div><u>Bruce 1.40 6.34 249.59 0.95 5.36 211.01</u></div>
<div><u>Putnam 1.35 6.29 247.63 0.95 5.36 211.01</u></div>
<div><u>Burford 1.35 6.29 247.63 0.95 5.36 211.01</u></div>
<div><u>Port Perry 1.40 6.34 249.59 0.95 5.36 211.01</u></div>
<div><u>Norfolk 1.40 6.34 249.59 0.95 5.36 211.01</u></div>
<div><u>Palmerston 1.32 6.26 246.45 0.95 5.36 211.01</u></div>
<div><u>Varna 1.40 6.34 249.59 0.95 5.36 211.01</u></div>
<div><u>Trenton 1.50 6.44 253.53 1.00 5.41 212.98</u></div>
<div><u>Winchester 1.45 6.39 251.56 1.25 5.66 222.82</u></div>
<div><u>North Gower 1.47 6.41 252.35 1.25 5.66 222.82</u></div>
<div><u>Vankleek Hil 1.79 6.73 264.95 1.07 5.48 215.74</u></div>
<div><u>Huron FOB 1.61 1.64 1.66 1.69 6.55 257.86 0.95 5.36 211.01</u></div>
<div><u>Kent FOB 1.70 6.64 261.41 1.00 5.41 212.98</u></div>
<div><u>Lamb FOB 1.62 6.56 258.26 1.03 5.44 214.16</u></div>
<div><u>Mdsx FOB 1.60 1.65N/A N/A 6.54 257.47 1.00 5.41 212.98</u></div>
<div><u>FOB SW Que 1.95 6.89 271.25N/A</u></div>
<div><u>Track 1.90 6.84 269.08N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.21 5.62 221.25</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.51 5.92 233.06</u></div>
<div><u>Aylmer-Eth N/A 1.70 1.75 1.80 1.20 5.61 220.86</u></div>
<div><u>Sarn-Eth 1.75N/A N/A N/A 6.69 263.37N/A</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.25 5.66 222.82</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 5.76 226.76</u></div>
<div><u>W O Feed 1.99 6.93 272.66</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.96 6.90 271.64</u></div>
<div><u>Toledo El. 0.04 4.98 195.98 -0.25 4.16 163.63</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 6.74 265.34 1.20 5.61 220.86</u></div>
<div><u>Prescott N/A 1.45 5.86 230.70</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 6.34</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2687 up 0.0002</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 13.69 NOV21 HI 11.63</u></div>
<div><u> LOW 13.42 LOW 11.44</u></div>
<div><u> CLOSE13.55 1/4 Down 6 1/4 CLOSE 11.53 Down 1/4</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 3.26 16.81 617.75 2.59 14.12 518.82</u></div>
<div><u>CK High 3.30 16.85 619.22 2.60 14.13 519.19</u></div>
<div><u>CK Average 3.29 -0.27 16.85 618.98 2.60 -0.39 14.13 519.13</u></div>
<div><u>Essex Cty 3.30 16.85 619.22 2.60 14.13 519.19</u></div>
<div><u>Mdsx Low 3.24 16.79 617.02 2.57 14.10 518.09</u></div>
<div><u>Mdsx High 3.30 16.85 619.22 2.60 14.13 519.19</u></div>
<div><u>Mdsx Average3.27 -0.29 16.82 618.12 2.59 -0.40 14.12 518.64</u></div>
<div><u>Hensall 3.30 16.85 619.22 2.57 14.10 517.96</u></div>
<div><u>Bruce 3.30 16.85 619.22 2.60 14.13 519.19</u></div>
<div><u>Putnam 3.30 16.85 619.22 2.60 14.13 519.19</u></div>
<div><u>Burford 3.31 16.86 619.59 2.64 14.17 520.66</u></div>
<div><u>Port Perry 3.23 16.78 616.65 2.56 14.09 517.72</u></div>
<div><u>Norfolk 3.30 16.85 619.22 2.60 14.13 519.19</u></div>
<div><u>Palmerston 3.27 16.82 618.12 2.64 14.17 520.66</u></div>
<div><u>Varna 3.30 16.85 619.22 2.55 14.08 517.35</u></div>
<div><u>Trenton 3.30 16.85 619.22 2.60 14.13 519.19</u></div>
<div><u>Winchester 3.29 16.84 618.86 2.59 14.12 518.82</u></div>
<div><u>North Gower 3.00 16.55 608.20 2.53 14.06 516.62</u></div>
<div><u>Vankleek Hil3.30 16.85 619.22 2.68 14.21 522.13</u></div>
<div><u>Huron FOB 3.61 3.65 3.65 3.64 17.16 630.61 2.66 14.19 521.39</u></div>
<div><u>Kent FOB 3.40 16.95 622.90 2.60 14.13 519.19</u></div>
<div><u>Lambton FOB 3.60 17.15 630.25 2.75 14.28 524.70</u></div>
<div><u>Mdsx FOB 3.43 3.50 3.50 N/A 16.98 624.00 2.63 14.16 520.29</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.79 17.34 637.23 2.86 14.39 528.74</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.85 17.40 639.43 3.05 14.58 535.72</u></div>
<div><u>Prescott N/A 2.98 14.51 533.15</u></div>
<div><u>Port Colborn3.71 17.26 634.29 3.04 14.57 535.36</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.06 13.49 495.64 -0.44 11.09 407.34</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2687 up 0.0002</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR21 HI 6.48 1/4 JUL21 HI 6.40</u></div>
<div><u> LOW 6.38 LOW 6.30 3/4</u></div>
<div><u> CLOSE 6.42 1/4 Down 5 1/4 CLOSE 6.34 Down 5</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR21 HI 6.06 1/4 SEP21 HI 6.23 3/4</u></div>
<div><u> LOW 5.99 1/4 LOW 6.17</u></div>
<div><u> CLOSE 6.03 1/4 Down 3 CLOSE 6.20 1/2 Down 2 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 1.34 1.28 1.28 N/A 1.26 1.26 1.07 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 1.15 1.15 N/A N/A 1.28 1.09 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 1.29 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 1.94</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 1.46 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.85 N/A N/A N/A 1.83 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.42US 8.15CA 6.29US 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 630.75</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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