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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, January 11</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 0.0056</u></div>
<div><u>Chicago corn closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 5.00 1/2 DEC21 HI 4.42 3/4</u></div>
<div><u> LOW 4.90 1/4 LOW 4.38</u></div>
<div><u> CLOSE4.92 1/4 Down 4 CLOSE 4.40 3/4 Up 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 6.27 246.94 0.95 5.36 210.92</u></div>
<div><u>CK High 1.40 6.32 248.91 0.95 5.36 210.92</u></div>
<div><u>CK Avg 1.37 0.00 6.29 247.59 0.95 -0.21 5.36 210.92</u></div>
<div><u>Essex Cty 1.40 6.32 248.91 0.95 5.36 210.92</u></div>
<div><u>Mdsx Low 1.35 6.27 246.94 0.95 5.36 210.92</u></div>
<div><u>Mdsx High 1.35 6.27 246.94 0.95 5.36 210.92</u></div>
<div><u>Mdsx Avg 1.35 -0.01 6.27 246.94 0.95 -0.21 5.36 210.92</u></div>
<div><u>Hensall 1.40 6.32 248.91 0.97 5.37 211.57</u></div>
<div><u>Bruce 1.40 6.32 248.91 0.95 5.36 210.92</u></div>
<div><u>Putnam 1.35 6.27 246.94 0.95 5.36 210.92</u></div>
<div><u>Burford 1.40 6.32 248.91 0.95 5.36 210.92</u></div>
<div><u>Port Perry 1.45 6.37 250.87 0.95 5.36 210.92</u></div>
<div><u>Norfolk 1.40 6.32 248.91 0.95 5.36 210.92</u></div>
<div><u>Palmerston 1.30 6.22 244.97 0.99 5.40 212.49</u></div>
<div><u>Varna 1.40 6.32 248.91 0.95 5.36 210.92</u></div>
<div><u>Trenton 1.50 6.42 252.84 1.00 5.41 212.88</u></div>
<div><u>Winchester 1.45 6.37 250.87 1.25 5.66 222.73</u></div>
<div><u>North Gower 1.47 6.39 251.66 1.25 5.66 222.73</u></div>
<div><u>Vankleek Hil 1.84 6.76 266.23 1.10 5.51 216.82</u></div>
<div><u>Huron FOB 1.63 1.69 1.72 1.74 6.55 257.96 0.99 5.40 212.49</u></div>
<div><u>Kent FOB 1.70 6.62 260.72 1.00 5.41 212.88</u></div>
<div><u>Lamb FOB 1.62 6.54 257.57 1.08 5.49 216.03</u></div>
<div><u>Mdsx FOB 1.60 1.65N/A N/A 6.52 256.78 1.00 5.41 212.88</u></div>
<div><u>FOB SW Que 1.98 6.90 271.74N/A</u></div>
<div><u>Track 1.90 6.82 268.39N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.21 5.62 221.15</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.52 5.93 233.36</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A 1.20 5.61 220.76</u></div>
<div><u>Sarn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.25 5.66 222.73</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 5.76 226.66</u></div>
<div><u>W O Feed 2.03 6.95 273.71</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.00 6.92 272.53</u></div>
<div><u>Toledo El. 0.00 4.92 193.79 -0.26 4.15 163.47</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 6.72 264.65 1.20 5.61 220.76</u></div>
<div><u>Prescott N/A 1.50 5.91 232.57</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 6.32 1/4</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 0.0056</u></div>
<div><u>Chicago soybeans closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 13.88 3/4 NOV21 HI 11.70</u></div>
<div><u> LOW 13.54 LOW 11.48 1/4</u></div>
<div><u> CLOSE13.72 1/2 Down 2 1/4 CLOSE 11.55 Down 6 3/4</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 3.35 17.08 627.40 2.65 14.20 521.76</u></div>
<div><u>CK High 3.42 17.15 629.97 2.74 14.29 525.07</u></div>
<div><u>CK Average 3.36 -0.35 17.09 627.83 2.67 -0.41 14.22 522.62</u></div>
<div><u>Essex Cty 3.35 17.08 627.40 2.70 14.25 523.60</u></div>
<div><u>Mdsx Low 3.35 17.08 627.40 2.65 14.20 521.76</u></div>
<div><u>Mdsx High 3.40 17.13 629.24 2.72 14.27 524.33</u></div>
<div><u>Mdsx Average3.38 -0.33 17.10 628.32 2.69 -0.40 14.24 523.05</u></div>
<div><u>Hensall 3.35 17.08 627.40 2.65 14.20 521.76</u></div>
<div><u>Bruce 3.35 17.08 627.40 2.65 14.20 521.76</u></div>
<div><u>Putnam 3.35 17.08 627.40 2.65 14.20 521.76</u></div>
<div><u>Burford 3.47 17.20 631.81 2.79 14.34 526.90</u></div>
<div><u>Port Perry 3.39 17.12 628.87 2.71 14.26 523.97</u></div>
<div><u>Norfolk 3.35 17.08 627.40 2.70 14.25 523.60</u></div>
<div><u>Palmerston 3.28 17.01 624.83 2.61 14.16 520.29</u></div>
<div><u>Varna 3.35 17.08 627.40 2.65 14.20 521.76</u></div>
<div><u>Trenton 3.35 17.08 627.40 2.65 14.20 521.76</u></div>
<div><u>Winchester 3.39 17.12 628.87 2.69 14.24 523.23</u></div>
<div><u>North Gower 3.11 16.84 618.58 2.63 14.18 521.03</u></div>
<div><u>Vankleek Hil3.48 17.21 632.18 2.80 14.35 527.27</u></div>
<div><u>Huron FOB 3.76 3.79 3.79 3.79 17.49 642.46 2.79 14.34 526.90</u></div>
<div><u>Kent FOB 3.40 17.13 629.24 2.70 14.25 523.60</u></div>
<div><u>Lambton FOB 3.60 17.33 636.58 2.75 14.30 525.44</u></div>
<div><u>Mdsx FOB 3.60 3.67 3.67 N/A 17.33 636.58 2.93 14.48 532.05</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.92 17.65 648.34 2.94 14.49 532.42</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.85 17.58 645.77 3.20 14.75 541.97</u></div>
<div><u>Prescott N/A 3.11 14.66 538.66</u></div>
<div><u>Port Colborn3.95 17.68 649.45 3.26 14.81 544.17</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.06 13.66 501.96 -0.45 11.10 407.97</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2771 up 0.0056</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR21 HI 6.51 1/2 JUL21 HI 6.40 1/2</u></div>
<div><u> LOW 6.28 3/4 LOW 6.23 3/4</u></div>
<div><u> CLOSE 6.34 3/4 Down 4 CLOSE 6.28 3/4 Down 3</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR21 HI 6.14 1/2 SEP21 HI 6.28 1/4</u></div>
<div><u> LOW 6.02 1/4 LOW 6.16 1/2</u></div>
<div><u> CLOSE 6.06 Down 1 3/4 CLOSE 6.20 3/4 Down 1 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 1.42 1.35 1.35 N/A 1.33 1.33 1.14 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 1.25 1.30 1.10 1.30</u></div>
<div><u>Essex N/A N/A 1.35 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 1.35 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Brigden N/A N/A 1.35 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Palmerston N/A 1.19 1.19 N/A N/A 1.32 1.13 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 1.27 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.07 1.07 0.65 N/A 1.16 1.16 0.75</u></div>
<div><u>W O Feed 1.98</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.81 N/A N/A N/A 1.53 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 1.87 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.35US 8.11CA 6.24US 7.96CA</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 646.85</u></div>
<div><u>DDG's FOB Srn & Aylm 310.00 - 330.00</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"">University of Guelph, Ridgetown Campus<o:p> </o:p></span></p>
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