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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 21</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2629 down 0.0017</u></div>
<div><u>Chicago corn closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 5.31 1/2 DEC21 HI 4.54 1/4</u></div>
<div><u> LOW 5.19 1/4 LOW 4.46</u></div>
<div><u> CLOSE5.24 1/4 Up 2 1/4 CLOSE 4.48 3/4 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 1.40 6.64 261.50 0.90 5.39 212.10</u></div>
<div><u>CK High 1.40 6.64 261.50 0.95 5.44 214.06</u></div>
<div><u>CK Avg 1.40 0.02 6.64 261.50 0.92 -0.21 5.40 212.75</u></div>
<div><u>Essex Cty 1.40 6.64 261.50 0.90 5.39 212.10</u></div>
<div><u>Mdsx Low 1.40 6.64 261.50 0.90 5.39 212.10</u></div>
<div><u>Mdsx High 1.40 6.64 261.50 0.90 5.39 212.10</u></div>
<div><u>Mdsx Avg 1.40 0.02 6.64 261.50 0.90 -0.22 5.39 212.10</u></div>
<div><u>Hensall 1.42 6.66 262.16 0.95 5.44 214.06</u></div>
<div><u>Bruce 1.40 6.64 261.50 0.95 5.44 214.06</u></div>
<div><u>Putnam 1.40 6.64 261.50 0.90 5.39 212.10</u></div>
<div><u>Burford 1.40 6.64 261.50 0.90 5.39 212.10</u></div>
<div><u>Port Perry 1.45 6.69 263.47 1.00 5.49 216.03</u></div>
<div><u>Norfolk 1.40 6.64 261.50 0.90 5.39 212.10</u></div>
<div><u>Palmerston 1.32 6.56 258.35 0.93 5.42 213.28</u></div>
<div><u>Varna 1.40 6.64 261.50 0.95 5.44 214.06</u></div>
<div><u>Trenton 1.50 6.74 265.44 1.00 5.49 216.03</u></div>
<div><u>Winchester 1.45 6.69 263.47 1.25 5.74 225.88</u></div>
<div><u>North Gower 1.49 6.73 265.05 1.26 5.75 226.27</u></div>
<div><u>Vankleek Hil 1.54 6.78 267.02 1.03 5.52 217.21</u></div>
<div><u>Huron FOB 1.45 1.45 1.49 1.52 6.69 263.47 0.91 5.40 212.49</u></div>
<div><u>Kent FOB 1.60 6.84 269.38 1.00 5.49 216.03</u></div>
<div><u>Lamb FOB N/A 1.00 5.49 216.03</u></div>
<div><u>Mdsx FOB N/A N/A N/A N/A 1.00 5.49 216.03</u></div>
<div><u>FOB SW Que 2.04 7.28 286.70N/A</u></div>
<div><u>Track 1.84 7.08 278.83N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.13 5.62 221.15</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.44 5.93 233.36</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A 1.20 5.69 223.91</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 5.74 225.88</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 5.84 229.81</u></div>
<div><u>W O Feed 1.98 7.22 284.42</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.01 7.25 285.52</u></div>
<div><u>Toledo El. -0.06 5.18 203.90 -0.25 4.23 166.72</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.90 7.14 281.19 1.20 5.69 223.91</u></div>
<div><u>Prescott N/A 1.47 5.96 234.54</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 6.64 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 1.2629 down 0.0017</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 13.87 NOV21 HI 11.80</u></div>
<div><u> LOW 13.65 1/2 LOW 11.65</u></div>
<div><u> CLOSE13.70 1/4 Up 3/4 CLOSE 11.68 1/2 Down 3 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 3.17 16.87 619.96 2.56 14.25 523.41</u></div>
<div><u>CK High 3.25 16.95 622.90 2.65 14.34 526.72</u></div>
<div><u>CK Average 3.21 -0.31 16.91 621.49 2.64 -0.35 14.32 526.17</u></div>
<div><u>Essex Cty 3.20 16.90 621.06 2.60 14.29 524.88</u></div>
<div><u>Mdsx Low 3.15 16.85 619.22 2.54 14.23 522.68</u></div>
<div><u>Mdsx High 3.25 16.95 622.90 2.65 14.34 526.72</u></div>
<div><u>Mdsx Average3.20 -0.32 16.90 621.06 2.60 -0.38 14.28 524.70</u></div>
<div><u>Hensall 3.25 16.95 622.90 2.65 14.34 526.72</u></div>
<div><u>Bruce 3.25 16.95 622.90 2.65 14.34 526.72</u></div>
<div><u>Putnam 3.25 16.95 622.90 2.65 14.34 526.72</u></div>
<div><u>Burford 3.22 16.92 621.80 2.61 14.30 525.25</u></div>
<div><u>Port Perry 3.14 16.84 618.86 2.53 14.22 522.31</u></div>
<div><u>Norfolk 3.20 16.90 621.06 2.65 14.34 526.72</u></div>
<div><u>Palmerston 3.18 16.88 620.33 2.57 14.26 523.78</u></div>
<div><u>Varna 3.25 16.95 622.90 2.60 14.29 524.88</u></div>
<div><u>Trenton 3.20 16.90 621.06 2.65 14.34 526.72</u></div>
<div><u>Winchester 3.20 16.90 621.06 2.63 14.32 525.99</u></div>
<div><u>North Gower 3.35 17.05 626.57 2.73 14.42 529.66</u></div>
<div><u>Vankleek Hil3.14 16.84 618.86 2.58 14.27 524.15</u></div>
<div><u>Huron FOB 3.35 3.41 3.41 3.47 17.05 626.57 2.66 14.35 527.09</u></div>
<div><u>Kent FOB 3.20 16.90 621.06 2.65 14.34 526.72</u></div>
<div><u>Lambton FOB 3.25 16.95 622.90 2.80 14.49 532.23</u></div>
<div><u>Mdsx FOB 3.28 3.34 3.34 N/A 16.98 624.00 2.73 14.42 529.66</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.56 17.26 634.29 2.83 14.52 533.33</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.65 17.35 637.60 3.10 14.79 543.26</u></div>
<div><u>Prescott N/A 2.96 14.65 538.11</u></div>
<div><u>Port Colborn3.69 17.39 639.06 3.14 14.83 544.73</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.13 13.58 498.84 -0.44 11.24 413.11</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2629 down 0.0017</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>MAR21 HI 6.74 3/4 JUL21 HI 6.56</u></div>
<div><u> LOW 6.57 3/4 LOW 6.44 1/2</u></div>
<div><u> CLOSE 6.60 3/4 Down 7 CLOSE 6.47 3/4 Down 2 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed narrowly mixed.</u></div>
<div><u>MAR21 HI 6.44 SEP21 HI 6.57</u></div>
<div><u> LOW 6.32 1/4 LOW 6.48 3/4</u></div>
<div><u> CLOSE 6.35 1/4 Down 2 1/4 CLOSE 6.52 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 1.36 1.29 1.23 N/A 1.25 1.25 1.00 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 1.17 1.24 N/A N/A 1.26 1.07 N/A</u></div>
<div><u>Varna 1.30 1.35 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 1.18 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.12 1.12 0.75 N/A 1.20 1.20 0.75</u></div>
<div><u>W O Feed 1.97</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.75 N/A N/A N/A 1.39 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.74 N/A N/A N/A 1.70 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.61US 8.34CA 6.43US 8.12CA</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 648.39</u></div>
<div><u>DDG's FOB Srn & Aylm 330.00 - 340.00</u></div>
<u><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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<span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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