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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 29</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 1.2803 up 0.0016</u></div>
<div><u>Chicago corn closed moderately higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 5.53 3/4 DEC21 HI 4.47 1/4</u></div>
<div><u> LOW 5.33 1/4 LOW 4.35 1/2</u></div>
<div><u> CLOSE5.47 Up 12 1/2 CLOSE 4.45 1/4 Up 6 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 6.87 270.46 0.90 5.35 210.72</u></div>
<div><u>CK High 1.45 6.92 272.43 0.95 5.40 212.69</u></div>
<div><u>CK Avg 1.42 -0.09 6.89 271.12 0.91 -0.26 5.36 211.05</u></div>
<div><u>Essex Cty 1.45 6.92 272.43 0.90 5.35 210.72</u></div>
<div><u>Mdsx Low 1.40 6.87 270.46 0.90 5.35 210.72</u></div>
<div><u>Mdsx High 1.40 6.87 270.46 0.90 5.35 210.72</u></div>
<div><u>Mdsx Avg 1.40 -0.10 6.87 270.46 0.90 -0.27 5.35 210.72</u></div>
<div><u>Hensall 1.45 6.92 272.43 0.92 5.37 211.37</u></div>
<div><u>Bruce 1.40 6.87 270.46 0.90 5.35 210.72</u></div>
<div><u>Putnam 1.40 6.87 270.46 0.90 5.35 210.72</u></div>
<div><u>Burford 1.40 6.87 270.46 0.90 5.35 210.72</u></div>
<div><u>Port Perry 1.45 6.92 272.43 1.00 5.45 214.66</u></div>
<div><u>Norfolk 1.45 6.92 272.43 0.90 5.35 210.72</u></div>
<div><u>Palmerston 1.47 6.94 273.22 0.99 5.44 214.26</u></div>
<div><u>Varna 1.45 6.92 272.43 0.90 5.35 210.72</u></div>
<div><u>Trenton 1.45 6.92 272.43 1.00 5.45 214.66</u></div>
<div><u>Winchester 1.45 6.92 272.43 1.25 5.70 224.50</u></div>
<div><u>North Gower 1.49 6.96 274.00 1.26 5.71 224.89</u></div>
<div><u>Vankleek Hil 1.66 7.13 280.70 1.04 5.49 216.23</u></div>
<div><u>Huron FOB N/A 1.52 1.64 1.68 0.92 5.37 211.51</u></div>
<div><u>Kent FOB 1.65 7.12 280.30 1.00 5.45 214.66</u></div>
<div><u>Lamb FOB N/A 1.05 5.50 216.62</u></div>
<div><u>Mdsx FOB N/A N/A N/A N/A 1.05 5.50 216.62</u></div>
<div><u>FOB SW Que 2.16 7.63 300.38N/A</u></div>
<div><u>Track 1.92 7.39 290.93N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.03 5.48 215.84</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.41 5.86 230.80</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A 1.20 5.65 222.53</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 5.75 226.47</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 5.90 232.37</u></div>
<div><u>W O Feed 2.10 7.57 297.86</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.19 7.66 301.56</u></div>
<div><u>Toledo El. -0.09 5.38 211.82 -0.26 4.20 165.21</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.90 7.37 290.14 1.20 5.65 222.53</u></div>
<div><u>Prescott N/A 1.47 5.92 233.16</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.45 6.92</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2803 up 0.0016</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 13.76 3/4 NOV21 HI 11.48 3/4</u></div>
<div><u> LOW 13.35 1/2 LOW 11.27 1/2</u></div>
<div><u> CLOSE13.70 Up 16 3/4 CLOSE 11.43 Up 11 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 3.22 16.92 621.70 2.60 14.03 515.51</u></div>
<div><u>CK High 3.35 17.05 626.48 2.70 14.13 519.19</u></div>
<div><u>CK Average 3.31 -0.41 17.01 625.07 2.68 -0.40 14.11 518.58</u></div>
<div><u>Essex Cty 3.30 17.00 624.64 2.70 14.13 519.19</u></div>
<div><u>Mdsx Low 3.20 16.90 620.97 2.58 14.01 514.78</u></div>
<div><u>Mdsx High 3.35 17.05 626.48 2.70 14.13 519.19</u></div>
<div><u>Mdsx Average3.28 -0.44 16.98 623.72 2.64 -0.43 14.07 516.98</u></div>
<div><u>Hensall 3.35 17.05 626.48 2.70 14.13 519.19</u></div>
<div><u>Bruce 3.35 17.05 626.48 2.70 14.13 519.19</u></div>
<div><u>Putnam 3.35 17.05 626.48 2.70 14.13 519.19</u></div>
<div><u>Burford 3.27 16.97 623.54 2.65 14.08 517.35</u></div>
<div><u>Port Perry 3.19 16.89 620.60 2.57 14.00 514.41</u></div>
<div><u>Norfolk 3.30 17.00 624.64 2.70 14.13 519.19</u></div>
<div><u>Palmerston 3.38 17.08 627.58 2.68 14.11 518.45</u></div>
<div><u>Varna 3.40 17.10 628.32 2.80 14.23 522.86</u></div>
<div><u>Trenton 3.35 17.05 626.48 2.70 14.13 519.19</u></div>
<div><u>Winchester 3.37 17.07 627.22 2.71 14.14 519.56</u></div>
<div><u>North Gower 3.40 17.10 628.32 2.80 14.23 522.86</u></div>
<div><u>Vankleek Hil3.25 16.95 622.81 2.63 14.06 516.62</u></div>
<div><u>Huron FOB N/A 3.53 3.53 3.59 2.77 14.20 521.76</u></div>
<div><u>Kent FOB 3.30 17.00 624.64 2.70 14.13 519.19</u></div>
<div><u>Lambton FOB 3.25 16.95 622.81 2.80 14.23 522.86</u></div>
<div><u>Mdsx FOB 3.40 3.46 3.46 N/A 17.10 628.32 2.77 14.20 521.76</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.82 17.52 643.75 2.94 14.37 528.01</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.75 17.45 641.18 3.20 14.63 537.56</u></div>
<div><u>Prescott N/A 3.01 14.44 530.58</u></div>
<div><u>Port Colborn3.81 17.51 643.38 3.18 14.61 536.83</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.13 13.57 498.68 -0.45 10.98 403.53</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2803 up 0.0016</u></div>
<div><u>Chicago wheat closed moderately higher to higher.</u></div>
<div><u>MAR21 HI 6.64 3/4 JUL21 HI 6.44 1/4</u></div>
<div><u> LOW 6.43 LOW 6.29</u></div>
<div><u> CLOSE 6.63 Up 16 CLOSE 6.43 Up 11 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher to higher.</u></div>
<div><u>MAR21 HI 6.34 3/4 SEP21 HI 6.52 3/4</u></div>
<div><u> LOW 6.18 3/4 LOW 6.39</u></div>
<div><u> CLOSE 6.33 1/2 Up 14 CLOSE 6.51 1/4 Up 11 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 1.40 N/A N/A N/A 1.10 N/A</u></div>
<div><u>London 1.41 1.34 1.28 N/A 1.30 1.30 1.04 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 1.00 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 1.10 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 1.27 1.34 N/A N/A 1.32 1.13 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 1.26 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.17 1.17 0.90 N/A 1.23 1.23 1.00</u></div>
<div><u>W O Feed 2.06</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.80 N/A N/A N/A 1.43 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.86 N/A N/A N/A 1.80 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.63US 8.49CA 6.38US 8.16CA</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 640.45</u></div>
<div><u>DDG's FOB Srn & Aylm 350.00</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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