<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"> P {margin-top:0;margin-bottom:0;} </style>
</head>
<body dir="ltr">
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 22</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 1.2723 up 0.0094</u></div>
<div><u>Chicago corn closed sharply lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 5.22 3/4 DEC21 HI 4.47 3/4</u></div>
<div><u> LOW 4.99 1/4 LOW 4.28 1/4</u></div>
<div><u> CLOSE5.00 1/2 Down 23 3/4 CLOSE 4.30 1/4 Down 18 1/2</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 6.41 252.15 0.90 5.20 204.81</u></div>
<div><u>CK High 1.40 6.41 252.15 0.95 5.25 206.78</u></div>
<div><u>CK Avg 1.40 0.03 6.41 252.15 0.91 -0.21 5.21 205.14</u></div>
<div><u>Essex Cty 1.40 6.41 252.15 0.90 5.20 204.81</u></div>
<div><u>Mdsx Low 1.40 6.41 252.15 0.90 5.20 204.81</u></div>
<div><u>Mdsx High 1.40 6.41 252.15 0.90 5.20 204.81</u></div>
<div><u>Mdsx Avg 1.40 0.03 6.41 252.15 0.90 -0.21 5.20 204.81</u></div>
<div><u>Hensall 1.42 6.42 252.81 0.95 5.25 206.78</u></div>
<div><u>Bruce 1.40 6.41 252.15 0.95 5.25 206.78</u></div>
<div><u>Putnam 1.40 6.41 252.15 0.90 5.20 204.81</u></div>
<div><u>Burford 1.40 6.41 252.15 0.90 5.20 204.81</u></div>
<div><u>Port Perry 1.45 6.46 254.12 1.00 5.30 208.75</u></div>
<div><u>Norfolk 1.40 6.41 252.15 0.90 5.20 204.81</u></div>
<div><u>Palmerston 1.30 6.31 248.22 0.91 5.21 205.21</u></div>
<div><u>Varna 1.40 6.41 252.15 0.95 5.25 206.78</u></div>
<div><u>Trenton 1.50 6.51 256.09 1.00 5.30 208.75</u></div>
<div><u>Winchester 1.45 6.46 254.12 1.25 5.55 218.59</u></div>
<div><u>North Gower 1.49 6.50 255.70 1.26 5.56 218.99</u></div>
<div><u>Vankleek Hil 1.55 6.56 258.06 1.02 5.32 209.54</u></div>
<div><u>Huron FOB 1.46 1.46 1.52 1.59 6.47 254.52 0.91 5.21 205.21</u></div>
<div><u>Kent FOB 1.60 6.61 260.03 1.00 5.30 208.75</u></div>
<div><u>Lamb FOB N/A 1.00 5.30 208.75</u></div>
<div><u>Mdsx FOB N/A N/A N/A N/A 1.00 5.30 208.75</u></div>
<div><u>FOB SW Que 2.19 7.20 283.25N/A</u></div>
<div><u>Track 1.83 6.84 269.08N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.09 5.39 212.29</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.41 5.71 224.89</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A 1.20 5.50 216.62</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 1.30 5.60 220.56</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 5.65 222.53</u></div>
<div><u>W O Feed 1.97 6.97 274.51</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.00 7.01 275.77</u></div>
<div><u>Toledo El. -0.13 4.88 192.03 -0.25 4.05 159.36</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.90 6.91 271.84 1.20 5.50 216.62</u></div>
<div><u>Prescott N/A 1.45 5.75 226.47</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 6.40 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2723 up 0.0094</u></div>
<div><u>Chicago soybeans closed lower to sharply lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 13.67 NOV21 HI 11.65</u></div>
<div><u> LOW 13.05 1/4 LOW 11.03 1/4</u></div>
<div><u> CLOSE13.11 3/4 Down 58 1/2 CLOSE 11.12 Down 56 1/2</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 3.19 16.31 599.20 2.57 13.69 503.02</u></div>
<div><u>CK High 3.20 16.32 599.57 2.65 13.77 505.96</u></div>
<div><u>CK Average 3.20 -0.29 16.32 599.50 2.62 -0.32 13.74 504.86</u></div>
<div><u>Essex Cty 3.20 16.32 599.57 2.60 13.72 504.12</u></div>
<div><u>Mdsx Low 3.17 16.29 598.46 2.55 13.67 502.29</u></div>
<div><u>Mdsx High 3.20 16.32 599.57 2.60 13.72 504.12</u></div>
<div><u>Mdsx Average3.19 -0.30 16.30 599.01 2.58 -0.36 13.70 503.21</u></div>
<div><u>Hensall 3.20 16.32 599.57 2.60 13.72 504.12</u></div>
<div><u>Bruce 3.20 16.32 599.57 2.60 13.72 504.12</u></div>
<div><u>Putnam 3.20 16.32 599.57 2.60 13.72 504.12</u></div>
<div><u>Burford 3.24 16.36 601.04 2.62 13.74 504.86</u></div>
<div><u>Port Perry 3.16 16.28 598.10 2.54 13.66 501.92</u></div>
<div><u>Norfolk 3.20 16.32 599.57 2.65 13.77 505.96</u></div>
<div><u>Palmerston 3.14 16.26 597.36 2.51 13.63 500.82</u></div>
<div><u>Varna 3.20 16.32 599.57 2.60 13.72 504.12</u></div>
<div><u>Trenton 3.20 16.32 599.57 2.60 13.72 504.12</u></div>
<div><u>Winchester 3.20 16.32 599.57 2.61 13.73 504.49</u></div>
<div><u>North Gower 3.35 16.47 605.08 2.73 13.85 508.90</u></div>
<div><u>Vankleek Hil3.13 16.25 596.99 2.58 13.70 503.39</u></div>
<div><u>Huron FOB 3.39 3.45 3.45 3.51 16.51 606.55 2.67 13.79 506.70</u></div>
<div><u>Kent FOB 3.20 16.32 599.57 2.65 13.77 505.96</u></div>
<div><u>Lambton FOB 3.25 16.37 601.40 2.80 13.92 511.47</u></div>
<div><u>Mdsx FOB 3.30 3.37 3.37 N/A 16.42 603.24 2.76 13.88 510.00</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.53 16.65 611.69 2.80 13.92 511.47</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.65 16.77 616.10 3.10 14.22 522.50</u></div>
<div><u>Prescott N/A 2.96 14.08 517.35</u></div>
<div><u>Port Colborn3.71 16.83 618.30 3.15 14.27 524.33</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.13 12.99 477.31 -0.45 10.67 392.22</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2723 up 0.0094</u></div>
<div><u>Chicago wheat closed lower to sharply lower.</u></div>
<div><u>MAR21 HI 6.59 JUL21 HI 6.45 1/2</u></div>
<div><u> LOW 6.33 LOW 6.22</u></div>
<div><u> CLOSE 6.34 1/2 Down 26 1/4 CLOSE 6.24 Down 23 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed lower.</u></div>
<div><u>MAR21 HI 6.34 1/2 SEP21 HI 6.51</u></div>
<div><u> LOW 6.11 LOW 6.31</u></div>
<div><u> CLOSE 6.12 1/2 Down 22 3/4 CLOSE 6.31 3/4 Down 21</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 1.35 1.29 1.22 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 1.30 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 1.23 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 1.13 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 1.74 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 1.73 N/A N/A N/A 1.70 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.35US 8.07CA 6.19US 7.88CA</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 630.09</u></div>
<div><u>DDG's FOB Srn & Aylm 330.00 - 340.00</u></div>
<u><br>
</u></div>
<div>
<div id="Signature">
<div>
<div id="divtagdefaultwrapper" style="font-size:12pt; color:#000000; background-color:#FFFFFF; font-family:Calibri,Arial,Helvetica,sans-serif">
<p style="margin-top: 0px; margin-bottom: 0px;"></p>
<div style="margin-top: 0px; margin-bottom: 0px;">
<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>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"><span style="color:#333333"> </span></span></span><span class="object"><span style="color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span class="apple-converted-space"><span style="color:#333333;background:#FDFDFD"> </span></span><span style="background:#FDFDFD"> to
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>
<br>
</div>
</div>
</div>
</div>
</div>
</body>
</html>