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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 28</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 1.2787 up 0.0007</u></div>
<div><u>Chicago corn closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 5.50 1/2 DEC21 HI 4.49 1/4</u></div>
<div><u> LOW 5.29 LOW 4.37 1/4</u></div>
<div><u> CLOSE5.34 1/2 Up 1/2 CLOSE 4.38 3/4 Down 3 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 1.40 6.75 265.54 0.90 5.29 208.16</u></div>
<div><u>CK High 1.45 6.80 267.51 0.95 5.34 210.13</u></div>
<div><u>CK Avg 1.42 -0.06 6.76 266.20 0.91 -0.25 5.30 208.49</u></div>
<div><u>Essex Cty 1.45 6.80 267.51 0.90 5.29 208.16</u></div>
<div><u>Mdsx Low 1.40 6.75 265.54 0.90 5.29 208.16</u></div>
<div><u>Mdsx High 1.40 6.75 265.54 0.90 5.29 208.16</u></div>
<div><u>Mdsx Avg 1.40 -0.07 6.75 265.54 0.90 -0.25 5.29 208.16</u></div>
<div><u>Hensall 1.45 6.80 267.51 0.92 5.30 208.82</u></div>
<div><u>Bruce 1.40 6.75 265.54 0.95 5.34 210.13</u></div>
<div><u>Putnam 1.40 6.75 265.54 0.90 5.29 208.16</u></div>
<div><u>Burford 1.40 6.75 265.54 0.90 5.29 208.16</u></div>
<div><u>Port Perry 1.45 6.80 267.51 1.00 5.39 212.10</u></div>
<div><u>Norfolk 1.45 6.80 267.51 0.90 5.29 208.16</u></div>
<div><u>Palmerston 1.43 6.78 266.72 0.97 5.36 210.92</u></div>
<div><u>Varna 1.45 6.80 267.51 0.90 5.29 208.16</u></div>
<div><u>Trenton 1.45 6.80 267.51 1.00 5.39 212.10</u></div>
<div><u>Winchester 1.45 6.80 267.51 1.25 5.64 221.94</u></div>
<div><u>North Gower 1.49 6.84 269.08 1.26 5.65 222.33</u></div>
<div><u>Vankleek Hil 1.64 6.99 274.99 1.06 5.45 214.46</u></div>
<div><u>Huron FOB 1.54 1.56 1.69 1.73 6.89 271.05 0.97 5.36 210.92</u></div>
<div><u>Kent FOB 1.65 7.00 275.38 1.00 5.39 212.10</u></div>
<div><u>Lamb FOB N/A 1.05 5.44 214.06</u></div>
<div><u>Mdsx FOB N/A N/A N/A N/A 1.05 5.44 214.06</u></div>
<div><u>FOB SW Que 2.24 7.59 298.61N/A</u></div>
<div><u>Track 1.90 7.24 285.03N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.14 5.53 217.61</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.46 5.85 230.21</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A 1.20 5.59 219.97</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 5.69 223.91</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 1.45 5.84 229.81</u></div>
<div><u>W O Feed 2.05 7.39 290.97</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.14 7.49 294.67</u></div>
<div><u>Toledo El. -0.13 5.22 205.39 -0.26 4.13 162.66</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.90 7.25 285.22 1.20 5.59 219.97</u></div>
<div><u>Prescott N/A 1.49 5.88 231.39</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.45 6.79 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 1.2787 up 0.0007</u></div>
<div><u>Chicago soybeans closed moderately lower to lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 13.91 1/4 NOV21 HI 11.61 1/4</u></div>
<div><u> LOW 13.45 1/2 LOW 11.27 1/4</u></div>
<div><u> CLOSE13.53 1/4 Down 21 1/2 CLOSE 11.31 1/4 Down 18</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 16.83 618.49 2.70 14.01 514.87</u></div>
<div><u>CK High 3.45 16.98 624.00 2.80 14.11 518.55</u></div>
<div><u>CK Average 3.38 -0.30 16.92 621.55 2.76 -0.31 14.07 516.95</u></div>
<div><u>Essex Cty 3.30 16.83 618.49 2.70 14.01 514.87</u></div>
<div><u>Mdsx Low 3.38 16.91 621.43 2.72 14.03 515.61</u></div>
<div><u>Mdsx High 3.45 16.98 624.00 2.80 14.11 518.55</u></div>
<div><u>Mdsx Average3.42 -0.28 16.95 622.71 2.76 -0.31 14.07 517.08</u></div>
<div><u>Hensall 3.42 16.95 622.78 2.80 14.11 518.55</u></div>
<div><u>Bruce 3.45 16.98 624.00 2.80 14.11 518.55</u></div>
<div><u>Putnam 3.45 16.98 624.00 2.80 14.11 518.55</u></div>
<div><u>Burford 3.45 16.98 624.00 2.79 14.10 518.18</u></div>
<div><u>Port Perry 3.37 16.90 621.06 2.71 14.02 515.24</u></div>
<div><u>Norfolk 3.30 16.83 618.49 2.70 14.01 514.87</u></div>
<div><u>Palmerston 3.33 16.86 619.59 2.64 13.95 512.67</u></div>
<div><u>Varna 3.40 16.93 622.16 2.80 14.11 518.55</u></div>
<div><u>Trenton 3.40 16.93 622.16 2.75 14.06 516.71</u></div>
<div><u>Winchester 3.37 16.90 621.06 2.71 14.02 515.24</u></div>
<div><u>North Gower 3.35 16.88 620.33 2.73 14.04 515.97</u></div>
<div><u>Vankleek Hil3.43 16.96 623.27 2.78 14.09 517.81</u></div>
<div><u>Huron FOB 3.65 3.71 3.71 3.77 17.18 631.35 2.90 14.21 522.22</u></div>
<div><u>Kent FOB 3.40 16.93 622.16 2.80 14.11 518.55</u></div>
<div><u>Lambton FOB 3.25 16.78 616.65 2.80 14.11 518.55</u></div>
<div><u>Mdsx FOB 3.57 3.64 3.70 N/A 17.10 628.41 2.91 14.22 522.59</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.83 17.36 637.96 2.94 14.25 523.69</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.75 17.28 635.02 3.20 14.51 533.24</u></div>
<div><u>Prescott N/A 3.16 14.47 531.77</u></div>
<div><u>Port Colborn3.98 17.51 643.47 3.32 14.63 537.65</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.13 13.40 492.54 -0.45 10.86 399.22</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2787 up 0.0007</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>MAR21 HI 6.64 1/2 JUL21 HI 6.48</u></div>
<div><u> LOW 6.43 1/2 LOW 6.30 1/4</u></div>
<div><u> CLOSE 6.47 Down 11 1/4 CLOSE 6.31 1/2 Down 9</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower to lower.</u></div>
<div><u>MAR21 HI 6.40 1/4 SEP21 HI 6.57</u></div>
<div><u> LOW 6.18 1/4 LOW 6.39</u></div>
<div><u> CLOSE 6.19 1/2 Down 13 1/4 CLOSE 6.39 3/4 Down 11 1/4</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 1.40 N/A N/A N/A 1.10 N/A</u></div>
<div><u>London 1.45 1.39 1.32 N/A 1.35 1.35 1.09 N/A</u></div>
<div><u>Hensall 1.45 N/A 1.40 N/A 1.35 N/A 1.10 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 1.45 N/A 1.40 N/A 1.35 N/A 1.10 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A N/A 1.05 N/A</u></div>
<div><u>Kent Bridge 1.45 N/A 1.40 N/A 1.35 N/A 1.10 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 1.23 1.29 N/A N/A 1.30 1.11 N/A</u></div>
<div><u>Varna 1.40 1.45 1.40 N/A 1.30 1.30 1.10 N/A</u></div>
<div><u>Mitchell 1.45 1.55 1.40 N/A 1.35 1.30 1.10 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 1.12 1.12 0.75 N/A 1.19 1.19 0.75</u></div>
<div><u>W O Feed 2.02</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.84 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 1.80 N/A N/A N/A 1.76 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.47US 8.27CA 6.27US 8.01CA</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 636.15</u></div>
<div><u>DDG's FOB Srn & Aylm 340.00 - 350.00</u></div>
<u><br>
</u></div>
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