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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, April 21</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 1.2495 down 0.0122</u></div>
<div><u>Chicago corn closed moderately to sharply higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY21 HI 6.28 1/2 DEC21 HI 5.40 1/2</u></div>
<div><u> LOW 6.04 1/2 LOW 5.24</u></div>
<div><u> CLOSE6.25 1/2 Up 19 CLOSE 5.36 1/2 Up 8</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 +JUL21+JUL21+SEP21</u></div>
<div><u>CK Low 1.50 7.76 305.30 1.00 6.37 250.58</u></div>
<div><u>CK High 1.50 7.76 305.30 1.00 6.37 250.58</u></div>
<div><u>CK Avg 1.50 -0.05 7.76 305.30 1.00 -0.27 6.37 250.58</u></div>
<div><u>Essex Cty 1.50 7.76 305.30 1.00 6.37 250.58</u></div>
<div><u>Mdsx Low 1.50 7.76 305.30 1.00 6.37 250.58</u></div>
<div><u>Mdsx High 1.50 7.76 305.30 1.05 6.42 252.55</u></div>
<div><u>Mdsx Avg 1.50 -0.05 7.76 305.30 1.03 -0.25 6.39 251.56</u></div>
<div><u>Hensall 1.55 7.81 307.27 1.03 6.40 251.89</u></div>
<div><u>Bruce 1.55 7.81 307.27 1.00 6.37 250.58</u></div>
<div><u>Putnam 1.50 7.76 305.30 1.00 6.37 250.58</u></div>
<div><u>Burford 1.50 7.76 305.30 1.00 6.37 250.58</u></div>
<div><u>Port Perry 1.50 7.76 305.30 1.00 6.37 250.58</u></div>
<div><u>Norfolk 1.50 7.76 305.30 1.00 6.37 250.58</u></div>
<div><u>Palmerston 1.50 7.76 305.30 1.03 6.40 251.76</u></div>
<div><u>Varna 1.55 7.81 307.27 1.00 6.37 250.58</u></div>
<div><u>Trenton 1.55 7.81 307.27 1.00 6.37 250.58</u></div>
<div><u>Winchester 1.60 7.86 309.24 1.45 6.82 268.29</u></div>
<div><u>North Gower 1.58 7.84 308.45 1.42 6.79 267.11</u></div>
<div><u>Vankleek Hil 1.68 7.94 312.39 1.44 6.81 267.90</u></div>
<div><u>Huron FOB 1.67 1.96 1.99 2.03 7.93 311.99 1.00 6.37 250.58</u></div>
<div><u>Kent FOB 1.62 7.88 310.03 1.12 6.49 255.30</u></div>
<div><u>Lamb FOB 1.75 8.01 315.14 1.15 6.52 256.48</u></div>
<div><u>Mdsx FOB N/A N/A N/A N/A 1.05 6.42 252.55</u></div>
<div><u>FOB SW Que 2.47 8.73 343.49N/A</u></div>
<div><u>Track 1.90 8.16 321.05N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.31 6.68 262.78</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A N/A N/A 2.68 1.25 6.62 260.42</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 1.35 6.72 264.36</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 1.60 6.97 274.20</u></div>
<div><u>W O Feed 2.10 8.36 328.92</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.18 8.44 332.07</u></div>
<div><u>Toledo El. 0.12 6.38 251.17 -0.25 5.12 201.37</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.80 8.06 317.11 1.40 6.77 266.33</u></div>
<div><u>Prescott 2.11 8.37 329.32 1.65 7.02 276.17</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.50 7.75 1/2 1.00 6.36 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 1.2495 down 0.0122</u></div>
<div><u>Chicago soybeans closed slightly higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAY21 HI 14.99 3/4 NOV21 HI 13.13 3/4</u></div>
<div><u> LOW 14.67 1/2 LOW 12.93 1/2</u></div>
<div><u> CLOSE14.97 1/4 Up 25 1/4 CLOSE 13.10 1/4 Up 10 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 +MAY21+JUL21+JUL21</u></div>
<div><u>CK Low 3.84 18.81 691.24 2.89 15.99 587.62</u></div>
<div><u>CK High 3.90 18.87 693.45 2.90 16.00 587.99</u></div>
<div><u>CK Average 3.87 0.10 18.84 692.16 2.90 -0.30 16.00 587.93</u></div>
<div><u>Essex Cty 3.85 18.82 691.61 2.85 15.95 586.15</u></div>
<div><u>Mdsx Low 3.82 18.79 690.51 2.87 15.97 586.89</u></div>
<div><u>Mdsx High 3.90 18.87 693.45 2.90 16.00 587.99</u></div>
<div><u>Mdsx Average3.86 0.10 18.83 691.98 2.89 -0.31 15.99 587.44</u></div>
<div><u>Hensall 3.87 18.84 692.22 2.93 16.04 589.22</u></div>
<div><u>Bruce 3.90 18.87 693.45 2.95 16.05 589.83</u></div>
<div><u>Putnam 3.90 18.87 693.45 2.90 16.00 587.99</u></div>
<div><u>Burford 3.89 18.86 693.08 2.94 16.04 589.46</u></div>
<div><u>Port Perry 3.81 18.78 690.14 2.86 15.96 586.52</u></div>
<div><u>Norfolk 3.85 18.82 691.61 2.90 16.00 587.99</u></div>
<div><u>Palmerston 3.67 18.64 684.99 2.83 15.93 585.42</u></div>
<div><u>Varna 3.85 18.82 691.61 2.95 16.05 589.83</u></div>
<div><u>Trenton 3.90 18.87 693.45 2.90 16.00 587.99</u></div>
<div><u>Winchester 3.80 18.77 689.77 2.90 16.00 587.99</u></div>
<div><u>North Gower 3.60 18.57 682.42 2.90 16.00 587.99</u></div>
<div><u>Vankleek Hil3.58 18.55 681.69 3.00 16.10 591.67</u></div>
<div><u>Huron FOB 4.07 4.16 3.94 3.94 19.04 699.69 3.00 16.10 591.67</u></div>
<div><u>Kent FOB 4.10 19.07 700.79 2.90 16.00 587.99</u></div>
<div><u>Lambton FOB 4.10 19.07 700.79 3.00 16.10 591.67</u></div>
<div><u>Mdsx FOB 3.95 3.95 N/A N/A 18.92 695.28 3.06 16.16 593.87</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.31 19.28 708.51 3.13 16.23 596.44</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.45 19.42 713.65 3.35 16.45 604.53</u></div>
<div><u>Prescott N/A 3.12 16.22 596.07</u></div>
<div><u>Port Colborn3.86 18.83 691.98 3.41 16.51 606.73</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 0.02 15.00 551.06 -0.44 12.67 465.37</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2495 down 0.0122</u></div>
<div><u>Chicago wheat closed moderately higher to higher.</u></div>
<div><u>MAY21 HI 6.78 3/4 JUL21 HI 6.80</u></div>
<div><u> LOW 6.58 3/4 LOW 6.60 1/2</u></div>
<div><u> CLOSE 6.73 1/4 Up 13 1/2 CLOSE 6.75 Up 13 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>MAY21 HI 6.82 SEP21 HI 6.94 3/4</u></div>
<div><u> LOW 6.68 LOW 6.79 3/4</u></div>
<div><u> CLOSE 6.78 1/2 Up 9 1/2 CLOSE 6.91 1/2 Up 10 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 1.45 N/A N/A N/A 1.05 N/A</u></div>
<div><u>London 1.34 1.40 1.40 N/A 1.28 1.21 1.03 N/A</u></div>
<div><u>Hensall N/A N/A N/A N/A 1.30 N/A 1.05 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 1.50 1.60 1.50 1.50 1.25 1.25 1.05 1.30</u></div>
<div><u>Essex N/A N/A 1.45 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Norwich N/A N/A N/A N/A 1.30 N/A 1.05 N/A</u></div>
<div><u>Port Hope N/A N/A N/A N/A N/A N/A 1.00 N/A</u></div>
<div><u>Kent Bridge N/A N/A N/A N/A 1.30 N/A 1.05 N/A</u></div>
<div><u>Chatham N/A N/A N/A N/A N/A N/A 1.05 N/A</u></div>
<div><u>Brigden N/A N/A 1.45 N/A N/A N/A 1.05 N/A</u></div>
<div><u>Palmerston N/A N/A 1.50 1.63 N/A 1.45 1.14 1.48</u></div>
<div><u>Varna 1.50 1.60 1.50 N/A 1.25 1.25 1.05 N/A</u></div>
<div><u>Mitchell N/A N/A N/A N/A 1.30 1.25 1.05 N/A</u></div>
<div><u>Thornton 1.34 1.40 1.40 0.97 1.28 1.21 1.03 N/A</u></div>
<div><u>North Gower N/A 1.20 1.35 0.90 N/A 0.79 0.96 0.87</u></div>
<div><u>W O Feed 2.24</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.85 N/A N/A N/A 1.35 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.68 N/A N/A N/A 1.68 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 6.85US 8.56CA 6.85US 8.56CA</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 590.08</u></div>
<div><u>DDG's FOB Srn & Aylm 300.00</u></div>
<u><br>
</u></div>
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<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
Ontario Grain Market Commentary for April 21, 2021</div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
By Todd Austin, Grain Farmers of Ontario</div>
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<div style="text-decoration-line: underline;"><br>
</div>
<div style=""><br>
</div>
<div style="">COMMODITY PERIOD PRICE WEEKLY MOVEMENT</div>
<div style="">Corn CBOT May 6.25 ¨ö ¡è 31 ¨ö Cents</div>
<div style="">Soybeans CBOT May 14.97 ¨ù ¡è 87 ¨ù Cents</div>
<div style="">Wheat CBOT May 6.73 ¨ù ¡è 24 ¨ù Cent</div>
<div style="">Wheat Minn. May 6.78 ¨ö ¡è 17 ¨ö Cents</div>
<div style="">Wheat Kansas May 6.30 ¨ú ¡è 27 ¨ù Cents</div>
<div style="">Oats CBOT May 3.91 ¨ú ¡è 9 ¨ù Cents</div>
<div style=""></div>
<div style="">Canadian $ June .8003 ¡è 16 Points</div>
<div style=""><br>
</div>
<div style="">CORN: </div>
<div style="">China is rebuilding the nation's hog herd and moving towards more modern and bio-secure systems. This is placing a stronger demand on feed grains. As China buys record levels of corn, we are seeing strength in the corn futures market as values
have risen to 8-year highs. Recent USDA estimates project U.S. corn carryout to be 1.351 billion bushels or 33 days of supply to be remaining at the end of the marketing year of August 31, 2021. This carryout figure is 570 million bushels below last year's
carryout.</div>
<div style=""><br>
</div>
<div style="">SOYBEANS:</div>
<div style="">Soybean futures continue to climb, on news of strong global demand and concern with tight supplies. In turn, increased vegetable oil demand improved soybean values as futures are trading at near 7-year highs.</div>
<div style="">In the month of March, China¡¯s soybean imports from Brazil were down 85% from the same time last year. Reuters reports that soybean imports from the United States for the same time were up 320% from last year. Some of this increase is attributed
to vessel delays from previous months finally reaching China in the month of March.</div>
<div style=""><br>
</div>
<div style="">WHEAT:</div>
<div style="">At a recent virtual conference of the North American Millers¡¯ Association, a panel of soft wheat millers forecast U.S. soft red wheat production to be 333 million bushels. This is up 25%, or 66 million bushels from 2020. The panel also forecast
the U.S. soft white wheat production to be an estimated 249 million bushels, up 7% from the previous year.</div>
<div style=""><br>
</div>
<div style="">EU soft wheat exports from last July to mid-April of this year reached 21.34 million tonnes. This figure is down 7.01 million tonnes from last year. It should be noted, that since January 1, 2021, the EU data does not include that of Britain.
For the upcoming crop year, Strategic Grains estimates the EU will produce 129.6 million tonnes of soft wheat, up from 119.4 million produced last year. The same group is also not expecting wheat exports to increase significantly next season, due to strong
global competition.</div>
<div style=""><br>
</div>
<div style="">---</div>
<div style="">
<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>
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<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>
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<span style="font-size:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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<span style="background:#FDFDFD">This Farm Market News product is sponsored by:</span><br>
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