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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, October 25</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2388 up 0.0024</u></div>
<div><u>Chicago corn closed steady to slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> DEC21 HI 5.42 DEC22 HI 5.34 3/4</u></div>
<div><u> LOW 5.35 LOW 5.29 1/2</u></div>
<div><u> CLOSE5.38 Unchanged CLOSE 5.33 1/4 Up 1/4</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 +DEC21+MAR22+MAR22</u></div>
<div><u>CK Low 1.05 6.43 253.14 0.85 6.18 243.39</u></div>
<div><u>CK High 1.10 6.48 255.11 0.90 6.23 245.36</u></div>
<div><u>CK Avg 1.09 -0.15 6.47 254.83 0.86 -0.33 6.20 243.96</u></div>
<div><u>Essex Cty 1.10 6.48 255.11 0.85 6.18 243.39</u></div>
<div><u>Mdsx Low 1.10 6.48 255.11 0.85 6.18 243.39</u></div>
<div><u>Mdsx High 1.10 6.48 255.11 0.85 6.18 243.39</u></div>
<div><u>Mdsx Avg 1.10 -0.15 6.48 255.11 0.85 -0.34 6.18 243.39</u></div>
<div><u>Hensall 1.12 6.50 255.76 0.88 6.22 244.71</u></div>
<div><u>Bruce 1.10 6.48 255.11 0.90 6.23 245.36</u></div>
<div><u>Putnam 1.10 6.48 255.11 0.90 6.23 245.36</u></div>
<div><u>Burford 1.10 6.48 255.11 0.85 6.18 243.39</u></div>
<div><u>Port Perry 1.20 6.58 259.04 0.95 6.28 247.33</u></div>
<div><u>Norfolk 1.10 6.48 255.11 0.85 6.18 243.39</u></div>
<div><u>Palmerston 1.10 6.48 255.11 0.92 6.25 246.15</u></div>
<div><u>Varna 1.10 6.48 255.11 0.85 6.18 243.39</u></div>
<div><u>Belmore 1.05 6.43 253.14 0.90 6.23 245.36</u></div>
<div><u>Trenton 1.15 6.53 257.07 0.95 6.28 247.33</u></div>
<div><u>Winchester 1.45 6.83 268.89 1.15 6.48 255.20</u></div>
<div><u>North Gower 1.45 6.83 268.89 1.15 6.48 255.20</u></div>
<div><u>Vankleek Hil 1.34 6.72 264.55 0.83 6.16 242.61</u></div>
<div><u>Huron FOB 1.16 1.16 1.22 1.28 6.54 257.47N/A</u></div>
<div><u>Kent FOB 1.10 6.48 255.11 0.97 6.30 248.12</u></div>
<div><u>Lamb FOB 1.00 6.38 251.17 0.95 6.28 247.33</u></div>
<div><u>Mdsx FOB 1.05 1.05 1.10 1.15 6.43 253.14 0.85 6.18 243.39</u></div>
<div><u>FOB SW Que 1.89 7.27 286.21N/A</u></div>
<div><u>Track 1.53 6.91 272.03N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.11 6.44 253.63</u></div>
<div><u>Jhnstwn-Eth N/A 1.52 1.85 1.90 1.41 6.74 265.44</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A N/A</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 1.55 1.20 6.53 257.17</u></div>
<div><u>Cardnl-Ing N/A N/A 1.75 1.80 1.40 6.73 265.05</u></div>
<div><u>W O Feed 1.62 7.00 275.48</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.72 7.10 279.51</u></div>
<div><u>Toledo El. -0.31 5.07 199.61 -0.31 5.02 197.74</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.30 6.68 262.98 1.00 6.33 249.30</u></div>
<div><u>Prescott 1.65 7.03 276.76 1.29 6.62 260.72</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.10 6.48</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2388 up 0.0024</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> NOV21 HI 12.38 1/4 NOV22 HI 12.36</u></div>
<div><u> LOW 12.16 LOW 12.18 1/2</u></div>
<div><u> CLOSE12.37 1/4 Up 16 3/4 CLOSE 12.34 Up 10 1/4</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 +NOV21+JAN22+JAN22</u></div>
<div><u>CK Low 2.50 14.87 546.47 2.15 14.49 532.42</u></div>
<div><u>CK High 2.58 14.95 549.41 2.27 14.61 536.83</u></div>
<div><u>CK Average 2.53 -0.34 14.91 547.68 2.22 -0.59 14.56 534.88</u></div>
<div><u>Essex Cty 2.50 14.87 546.47 2.15 14.49 532.42</u></div>
<div><u>Mdsx Low 2.55 14.92 548.31 2.20 14.54 534.25</u></div>
<div><u>Mdsx High 2.62 14.99 550.88 2.31 14.65 538.30</u></div>
<div><u>Mdsx Average2.59 -0.30 14.96 549.59 2.26 -0.56 14.60 536.27</u></div>
<div><u>Hensall 2.58 14.96 549.53 2.23 14.57 535.48</u></div>
<div><u>Bruce 2.55 14.92 548.31 2.25 14.59 536.09</u></div>
<div><u>Putnam 2.55 14.92 548.31 2.20 14.54 534.25</u></div>
<div><u>Burford 2.69 15.06 553.45 2.38 14.72 540.87</u></div>
<div><u>Port Perry 2.57 14.94 549.04 2.26 14.60 536.46</u></div>
<div><u>Norfolk 2.60 14.97 550.15 2.20 14.54 534.25</u></div>
<div><u>Palmerston 2.51 14.88 546.84 2.30 14.64 537.93</u></div>
<div><u>Varna 2.60 14.97 550.15 2.25 14.59 536.09</u></div>
<div><u>Trenton 2.55 14.92 548.31 2.25 14.59 536.09</u></div>
<div><u>Winchester 2.55 14.92 548.31 2.20 14.54 534.25</u></div>
<div><u>North Gower 2.55 14.92 548.31 2.40 14.74 541.60</u></div>
<div><u>Vankleek Hil2.60 14.97 550.15 2.48 14.82 544.54</u></div>
<div><u>Huron FOB 2.65 2.97 2.94 2.96 15.02 551.98 N/A</u></div>
<div><u>Kent FOB 2.65 15.02 551.98 2.20 14.54 534.25</u></div>
<div><u>Lambton FOB 2.80 15.17 557.49 2.30 14.64 537.93</u></div>
<div><u>Mdsx FOB 2.81 2.94 2.90 2.65 15.18 557.86 2.25 14.59 536.09</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.12 15.49 569.25 2.51 14.85 545.64</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.20 15.57 572.19 2.65 14.99 550.79</u></div>
<div><u>Prescott 2.93 15.30 562.27 2.67 15.01 551.52</u></div>
<div><u>Port Colborn3.29 15.66 575.50 2.66 15.00 551.16</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 12.12 445.51 -0.50 11.84 435.21</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2388 up 0.0024</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>DEC21 HI 7.67 JUL22 HI 7.64</u></div>
<div><u> LOW 7.53 1/4 LOW 7.53 3/4</u></div>
<div><u> CLOSE 7.59 1/2 Up 3 1/2 CLOSE 7.63 1/4 Up 6 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>DEC21 HI 10.31 SEP22 HI 8.48</u></div>
<div><u> LOW 10.09 LOW 8.34 1/2</u></div>
<div><u> CLOSE 10.27 Up 14 CLOSE 8.44 1/4 Up 7 1/4</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2021 Harvest 2022</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 0.75 N/A N/A N/A 1.15 N/A</u></div>
<div><u>London 0.80 1.17 0.80 N/A 1.36 1.36 1.17 N/A</u></div>
<div><u>Hensall 0.75 N/A 0.75 N/A 1.80 N/A 1.25 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.15 N/A</u></div>
<div><u>Bruce 0.75 N/A 0.75 N/A 1.70 1.45 1.15 1.05</u></div>
<div><u>Essex N/A N/A 0.80 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Norwich 0.75 N/A 0.75 N/A 1.80 N/A 1.25 N/A</u></div>
<div><u>Port Hope N/A N/A 0.80 N/A N/A N/A 1.15 N/A</u></div>
<div><u>Kent Bridge 0.75 N/A 0.75 N/A 1.80 N/A 1.25 N/A</u></div>
<div><u>Chatham N/A N/A 0.80 N/A N/A N/A 1.20 N/A</u></div>
<div><u>Brigden N/A N/A 0.80 N/A N/A N/A 1.20 N/A</u></div>
<div><u>Palmerston N/A N/A N/A N/A N/A N/A 1.16 1.41</u></div>
<div><u>Varna 1.00 1.50 0.75 N/A 1.45 1.50 1.15 N/A</u></div>
<div><u>Mitchell 0.75 1.30 0.75 N/A 1.80 1.55 1.25 N/A</u></div>
<div><u>Thornton 0.80 1.17 0.80 0.41 1.36 1.36 1.17 N/A</u></div>
<div><u>North Gower N/A 0.55 0.95 1.02 N/A N/A 1.11 N/A</u></div>
<div><u>W O Feed 1.44</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.31 N/A N/A N/A 1.49 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.94 N/A N/A N/A 1.95 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.45US 9.22CA 7.58US 9.39CA</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 498.47</u></div>
<span><u>DDG's FOB Srn & Aylm 285.00</u></span><br>
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<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>
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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""><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>
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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<span style="font-size:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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