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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, February 2</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 1.2805 down 0.0020</u></div>
<div><u>Chicago corn closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 5.52 1/2 DEC21 HI 4.49 1/4</u></div>
<div><u> LOW 5.40 1/4 LOW 4.44</u></div>
<div><u> CLOSE5.43 Down 6 1/4 CLOSE 4.47 Down 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 +MAY21+MAY21+JUL21</u></div>
<div><u>CK Low 1.40 6.83 268.89 0.90 5.37 211.41</u></div>
<div><u>CK High 1.45 6.88 270.85 0.95 5.42 213.38</u></div>
<div><u>CK Avg 1.43 -0.08 6.86 269.87 0.91 -0.27 5.38 211.74</u></div>
<div><u>Essex Cty 1.45 6.88 270.85 0.90 5.37 211.41</u></div>
<div><u>Mdsx Low 1.40 6.83 268.89 0.90 5.37 211.41</u></div>
<div><u>Mdsx High 1.45 6.88 270.85 0.90 5.37 211.41</u></div>
<div><u>Mdsx Avg 1.43 -0.08 6.86 269.87 0.90 -0.28 5.37 211.41</u></div>
<div><u>Hensall 1.45 6.88 270.85 0.92 5.39 212.06</u></div>
<div><u>Bruce 1.40 6.83 268.89 0.90 5.37 211.41</u></div>
<div><u>Putnam 1.40 6.83 268.89 0.90 5.37 211.41</u></div>
<div><u>Burford 1.45 6.88 270.85 0.90 5.37 211.41</u></div>
<div><u>Port Perry 1.45 6.88 270.85 1.00 5.47 215.34</u></div>
<div><u>Norfolk 1.45 6.88 270.85 0.90 5.37 211.41</u></div>
<div><u>Palmerston 1.46 6.89 271.25 1.00 5.47 215.34</u></div>
<div><u>Varna 1.45 6.88 270.85 0.90 5.37 211.41</u></div>
<div><u>Trenton 1.45 6.88 270.85 1.00 5.47 215.34</u></div>
<div><u>Winchester 1.45 6.88 270.85 1.25 5.72 225.19</u></div>
<div><u>North Gower 1.49 6.92 272.43 1.26 5.73 225.58</u></div>
<div><u>Vankleek Hil 1.68 7.11 279.91 1.07 5.54 218.10</u></div>
<div><u>Huron FOB 1.57 1.70 1.73 1.73 7.00 275.58 0.94 5.41 212.98</u></div>
<div><u>Kent FOB 1.65 7.08 278.73 1.00 5.47 215.34</u></div>
<div><u>Lamb FOB N/A 1.05 5.52 217.31</u></div>
<div><u>Mdsx FOB N/A N/A N/A N/A 1.05 5.52 217.31</u></div>
<div><u>FOB SW Que 2.30 7.73 304.32N/A</u></div>
<div><u>Track 1.90 7.33 288.37N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.06 5.53 217.71</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.44 5.91 232.67</u></div>
<div><u>Aylmer-Eth N/A N/A N/A 1.90 1.20 5.67 223.22</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 1.90 1.30 5.77 227.15</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 2.00 1.45 5.92 233.06</u></div>
<div><u>W O Feed 2.04 7.47 294.16</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.16 7.59 298.81</u></div>
<div><u>Toledo El. -0.09 5.34 210.24 -0.26 4.21 165.90</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.95 7.38 290.54 1.35 5.82 229.12</u></div>
<div><u>Prescott N/A 1.51 5.98 235.42</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.45 6.88</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2805 down 0.0020</u></div>
<div><u>Chicago soybeans closed moderately lower to steady.</u></div>
<div><u><br>
</u></div>
<div><u> MAR21 HI 13.72 NOV21 HI 11.59 1/2</u></div>
<div><u> LOW 13.41 1/2 LOW 11.40</u></div>
<div><u> CLOSE13.54 3/4 Down 10 1/2 CLOSE 11.50 1/2 Down 3 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+MAY21+MAY21</u></div>
<div><u>CK Low 3.34 16.89 620.51 2.75 14.26 523.78</u></div>
<div><u>CK High 3.35 16.90 620.88 2.80 14.31 525.62</u></div>
<div><u>CK Average 3.35 -0.35 16.90 620.82 2.77 -0.36 14.27 524.39</u></div>
<div><u>Essex Cty 3.35 16.90 620.88 2.70 14.21 521.94</u></div>
<div><u>Mdsx Low 3.32 16.87 619.77 2.73 14.24 523.05</u></div>
<div><u>Mdsx High 3.35 16.90 620.88 2.75 14.26 523.78</u></div>
<div><u>Mdsx Average3.34 -0.36 16.88 620.33 2.74 -0.38 14.25 523.41</u></div>
<div><u>Hensall 3.35 16.90 620.88 2.72 14.22 522.56</u></div>
<div><u>Bruce 3.35 16.90 620.88 2.70 14.21 521.94</u></div>
<div><u>Putnam 3.35 16.90 620.88 2.75 14.26 523.78</u></div>
<div><u>Burford 3.39 16.94 622.35 2.80 14.31 525.62</u></div>
<div><u>Port Perry 3.31 16.86 619.41 2.72 14.23 522.68</u></div>
<div><u>Norfolk 3.35 16.90 620.88 2.80 14.31 525.62</u></div>
<div><u>Palmerston 3.36 16.91 621.24 2.72 14.23 522.68</u></div>
<div><u>Varna 3.35 16.90 620.88 2.70 14.21 521.94</u></div>
<div><u>Trenton 3.35 16.90 620.88 2.75 14.26 523.78</u></div>
<div><u>Winchester 3.35 16.90 620.88 2.75 14.26 523.78</u></div>
<div><u>North Gower 3.38 16.93 621.98 2.78 14.29 524.88</u></div>
<div><u>Vankleek Hil3.29 16.84 618.67 2.71 14.22 522.31</u></div>
<div><u>Huron FOB 3.64 3.64 3.70 3.70 17.19 631.53 2.91 14.42 529.66</u></div>
<div><u>Kent FOB 3.40 16.95 622.71 2.80 14.31 525.62</u></div>
<div><u>Lambton FOB 3.35 16.90 620.88 2.80 14.31 525.62</u></div>
<div><u>Mdsx FOB 3.51 3.58 N/A N/A 17.06 626.76 2.93 14.44 530.40</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.87 17.42 639.98 2.98 14.49 532.23</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.85 17.40 639.25 3.25 14.76 542.15</u></div>
<div><u>Prescott N/A 3.09 14.60 536.27</u></div>
<div><u>Port Colborn3.86 17.41 639.62 3.34 14.85 545.46</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.13 13.42 493.08 -0.45 11.06 406.27</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2805 down 0.0020</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>MAR21 HI 6.56 3/4 JUL21 HI 6.38 1/4</u></div>
<div><u> LOW 6.40 1/2 LOW 6.24 3/4</u></div>
<div><u> CLOSE 6.44 3/4 Down 6 1/4 CLOSE 6.30 Down 3 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR21 HI 6.26 3/4 SEP21 HI 6.45</u></div>
<div><u> LOW 6.16 3/4 LOW 6.37</u></div>
<div><u> CLOSE 6.21 Down 2 CLOSE 6.41 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 1.40 N/A N/A N/A 1.10 N/A</u></div>
<div><u>London 1.41 1.35 1.35 N/A 1.31 1.31 1.11 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 1.40 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 1.40 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Brigden N/A N/A 1.40 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Palmerston N/A 1.23 1.30 1.42 N/A 1.30 1.11 1.35</u></div>
<div><u>Varna 1.40 1.45 1.40 N/A 1.30 1.35 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 1.21 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 1.17 1.17 0.90 N/A 1.16 1.16 1.09</u></div>
<div><u>W O Feed 2.01</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 1.44 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.81 N/A N/A N/A 1.77 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.45US 8.26CA 6.25US 8.00CA</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 637.15</u></div>
<div><u>DDG's FOB Srn & Aylm 350.00 - 360.00</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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