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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 15</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2881 up 0.0051</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 5.96 1/2 DEC22 HI 5.48 1/4</u></div>
<div><u> LOW 5.82 LOW 5.39 1/4</u></div>
<div><u> CLOSE5.85 3/4 Down 4 1/2 CLOSE 5.43 3/4 Down 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 +MAR22+MAR22+MAY22</u></div>
<div><u>CK Low 1.25 7.11 279.81 0.95 6.39 251.46</u></div>
<div><u>CK High 1.30 7.16 281.78 1.05 6.49 255.40</u></div>
<div><u>CK Avg 1.29 -0.31 7.14 281.22 1.03 -0.42 6.47 254.56</u></div>
<div><u>Essex Cty 1.30 7.16 281.78 1.05 6.49 255.40</u></div>
<div><u>Mdsx Low 1.25 7.11 279.81 1.00 6.44 253.43</u></div>
<div><u>Mdsx High 1.25 7.11 279.81 1.00 6.44 253.43</u></div>
<div><u>Mdsx Avg 1.25 -0.34 7.11 279.81 1.00 -0.44 6.44 253.43</u></div>
<div><u>Hensall 1.32 7.17 282.43 1.07 6.50 256.06</u></div>
<div><u>Bruce 1.25 7.11 279.81 1.00 6.44 253.43</u></div>
<div><u>Putnam 1.30 7.16 281.78 1.05 6.49 255.40</u></div>
<div><u>Burford 1.25 7.11 279.81 1.00 6.44 253.43</u></div>
<div><u>Port Perry 1.25 7.11 279.81 1.05 6.49 255.40</u></div>
<div><u>Norfolk 1.30 7.16 281.78 1.05 6.49 255.40</u></div>
<div><u>Palmerston 1.31 7.17 282.17 1.08 6.52 256.58</u></div>
<div><u>Varna 1.30 7.16 281.78 1.05 6.49 255.40</u></div>
<div><u>Belmore 1.30 7.16 281.78 1.05 6.49 255.40</u></div>
<div><u>Trenton 1.35 7.21 283.75 1.15 6.59 259.34</u></div>
<div><u>Winchester 1.45 7.31 287.68 1.25 6.69 263.28</u></div>
<div><u>North Gower 1.45 7.31 287.68 1.25 6.69 263.28</u></div>
<div><u>Vankleek Hil 1.57 7.43 292.41 1.31 6.75 265.64</u></div>
<div><u>Huron FOB 1.48 1.53 1.58 1.65 7.34 288.86N/A</u></div>
<div><u>Kent FOB 1.55 7.41 291.62 1.15 6.59 259.34</u></div>
<div><u>Lamb FOB 1.60 7.46 293.59 1.20 6.64 261.31</u></div>
<div><u>Mdsx FOB 1.55 1.60 1.65 1.70 7.41 291.62 1.15 6.59 259.34</u></div>
<div><u>FOB SW Que 2.31 8.17 321.54N/A</u></div>
<div><u>Track 1.90 7.75 305.20N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.46 6.90 271.54</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.72 7.16 281.78</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Sarn-Eth N/A 1.50 1.55 1.55 N/A</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.45 6.89 271.15</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.65 7.09 279.02</u></div>
<div><u>W O Feed 1.93 7.79 306.74</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.02 7.88 310.12</u></div>
<div><u>Toledo El. -0.32 5.54 217.92 -0.32 5.12 201.39</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.25 7.11 279.81 1.25 6.69 263.28</u></div>
<div><u>Prescott 2.08 7.94 312.49 1.76 7.20 283.35</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 7.15 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2881 up 0.0051</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JAN22 HI 12.66 1/2 NOV22 HI 12.45</u></div>
<div><u> LOW 12.51 LOW 12.30</u></div>
<div><u> CLOSE12.62 1/2 Up 3 CLOSE 12.40 3/4 Down 2 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 +JAN22+MAR22+MAR22</u></div>
<div><u>CK Low 3.25 15.88 583.31 2.80 15.21 558.78</u></div>
<div><u>CK High 3.30 15.93 585.14 2.95 15.36 564.29</u></div>
<div><u>CK Average 3.26 -0.29 15.88 583.62 2.82 -0.58 15.23 559.62</u></div>
<div><u>Essex Cty 3.25 15.88 583.31 2.80 15.21 558.78</u></div>
<div><u>Mdsx Low 3.30 15.93 585.14 2.85 15.26 560.62</u></div>
<div><u>Mdsx High 3.30 15.93 585.14 2.85 15.26 560.62</u></div>
<div><u>Mdsx Average3.30 -0.26 15.93 585.14 2.85 -0.56 15.26 560.62</u></div>
<div><u>Hensall 3.18 15.81 580.86 2.73 15.14 556.33</u></div>
<div><u>Bruce 3.25 15.88 583.31 2.80 15.21 558.78</u></div>
<div><u>Putnam 3.25 15.88 583.31 2.80 15.21 558.78</u></div>
<div><u>Burford 3.37 16.00 587.72 2.92 15.33 563.19</u></div>
<div><u>Port Perry 3.25 15.88 583.31 2.80 15.21 558.78</u></div>
<div><u>Norfolk 3.25 15.88 583.31 2.80 15.21 558.78</u></div>
<div><u>Palmerston 3.21 15.84 581.84 2.73 15.14 556.21</u></div>
<div><u>Varna 3.15 15.78 579.63 2.70 15.11 555.11</u></div>
<div><u>Trenton 3.25 15.88 583.31 2.85 15.26 560.62</u></div>
<div><u>Winchester 3.29 15.92 584.78 2.95 15.36 564.29</u></div>
<div><u>North Gower 2.95 15.58 572.28 2.80 15.21 558.78</u></div>
<div><u>Vankleek Hil3.18 15.81 580.73 3.00 15.41 566.13</u></div>
<div><u>Huron FOB 3.55 3.61 3.56 3.63 16.18 594.33 N/A</u></div>
<div><u>Kent FOB 3.50 16.13 592.49 2.80 15.21 558.78</u></div>
<div><u>Lambton FOB 3.45 16.08 590.66 2.90 15.31 562.45</u></div>
<div><u>Mdsx FOB 3.50 3.56 3.50 3.50 16.13 592.49 2.97 15.38 565.03</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.04 16.67 612.33 N/A</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.80 16.43 603.52 3.20 15.61 573.48</u></div>
<div><u>Prescott 3.38 16.01 588.08 3.42 15.83 581.56</u></div>
<div><u>Port Colborn3.65 16.28 598.00 3.38 15.79 580.09</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 12.37 454.42 -0.52 11.89 436.97</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2881 up 0.0051</u></div>
<div><u>Chicago wheat closed lower to sharply lower.</u></div>
<div><u>MAR22 HI 7.87 JUL22 HI 7.82 1/2</u></div>
<div><u> LOW 7.51 LOW 7.53</u></div>
<div><u> CLOSE 7.56 Down 31 CLOSE 7.57 Down 27</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>MAR22 HI 10.20 SEP22 HI 9.21 3/4</u></div>
<div><u> LOW 10.02 LOW 9.09</u></div>
<div><u> CLOSE 10.09 1/4 Down 11 3/4 CLOSE 9.15 1/4 Down 7</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 1.10 N/A N/A N/A 1.60 N/A</u></div>
<div><u>London 1.20 1.59 1.14 N/A 1.77 1.77 1.58 N/A</u></div>
<div><u>Hensall 1.10 N/A 1.10 N/A 2.30 N/A 1.60 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.70 N/A</u></div>
<div><u>Bruce 1.00 1.25 1.00 N/A 2.05 1.75 1.60 1.30</u></div>
<div><u>Essex N/A N/A 1.20 N/A N/A N/A 1.70 N/A</u></div>
<div><u>Norwich 1.10 N/A 1.10 N/A 2.30 N/A 1.60 N/A</u></div>
<div><u>Port Hope N/A N/A 1.10 N/A N/A N/A 1.60 N/A</u></div>
<div><u>Kent Bridge 1.10 N/A 1.10 N/A 2.30 N/A 1.60 N/A</u></div>
<div><u>Chatham N/A N/A 1.20 N/A N/A N/A 1.70 N/A</u></div>
<div><u>Brigden N/A N/A 1.20 N/A N/A N/A 1.70 N/A</u></div>
<div><u>Palmerston N/A N/A 1.10 2.03 N/A N/A 1.68 1.70</u></div>
<div><u>Varna 1.45 1.95 1.20 N/A 2.15 1.80 1.60 N/A</u></div>
<div><u>Mitchell 1.10 1.65 1.10 N/A 2.30 1.80 1.60 N/A</u></div>
<div><u>Thornton 1.20 1.59 1.14 1.06 1.77 1.77 1.58 N/A</u></div>
<div><u>North Gower N/A 0.90 1.30 N/A N/A N/A 1.63 N/A</u></div>
<div><u>W O Feed 2.07</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.72 N/A N/A N/A 1.91 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.56 N/A N/A N/A 2.31 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.41US 9.54CA 7.52US 9.69CA</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 599.89</u></div>
<span><u>DDG's FOB Srn & Aylm 205.00 - 230.00</u></span><br>
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<span>
<p class="MsoNoSpacing" style="margin: 0in 0in 0.0001pt; font-size: 11pt; font-family: Calibri, "sans-serif";">
<span style="font-size: 10pt; font-family: "Courier New";">Blair Andrews<o:p style=""> </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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