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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, December 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 1.2923 down 0.0024</u></div>
<div><u>Chicago corn closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 5.99 DEC22 HI 5.50 3/4</u></div>
<div><u> LOW 5.89 1/2 LOW 5.44</u></div>
<div><u> CLOSE5.98 1/4 Up 7 1/4 CLOSE 5.50 Up 5 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 +MAR22+MAR22+MAY22</u></div>
<div><u>CK Low 1.35 7.33 288.67 0.90 6.40 251.96</u></div>
<div><u>CK High 1.35 7.33 288.67 1.10 6.60 259.83</u></div>
<div><u>CK Avg 1.35 -0.31 7.33 288.67 1.04 -0.44 6.54 257.58</u></div>
<div><u>Essex Cty 1.35 7.33 288.67 1.10 6.60 259.83</u></div>
<div><u>Mdsx Low 1.35 7.33 288.67 1.05 6.55 257.86</u></div>
<div><u>Mdsx High 1.35 7.33 288.67 1.10 6.60 259.83</u></div>
<div><u>Mdsx Avg 1.35 -0.31 7.33 288.67 1.07 -0.42 6.57 258.52</u></div>
<div><u>Hensall 1.37 7.35 289.32 1.07 6.57 258.52</u></div>
<div><u>Bruce 1.35 7.33 288.67 1.05 6.55 257.86</u></div>
<div><u>Putnam 1.35 7.33 288.67 1.05 6.55 257.86</u></div>
<div><u>Burford 1.35 7.33 288.67 1.05 6.55 257.86</u></div>
<div><u>Port Perry 1.35 7.33 288.67 1.15 6.65 261.80</u></div>
<div><u>Norfolk 1.35 7.33 288.67 1.10 6.60 259.83</u></div>
<div><u>Palmerston 1.36 7.34 289.06 1.11 6.61 260.22</u></div>
<div><u>Varna 1.35 7.33 288.67 1.05 6.55 257.86</u></div>
<div><u>Belmore 1.35 7.33 288.67 1.05 6.55 257.86</u></div>
<div><u>Trenton 1.40 7.38 290.64 1.20 6.70 263.77</u></div>
<div><u>Winchester 1.45 7.43 292.60 1.25 6.75 265.74</u></div>
<div><u>North Gower 1.45 7.43 292.60 1.30 6.80 267.70</u></div>
<div><u>Vankleek Hil 1.60 7.58 298.51 1.34 6.84 269.28</u></div>
<div><u>Huron FOB 1.51 1.58 1.64 1.70 7.49 294.97N/A</u></div>
<div><u>Kent FOB 1.55 7.53 296.54 1.15 6.65 261.80</u></div>
<div><u>Lamb FOB 1.55 7.53 296.54 1.15 6.65 261.80</u></div>
<div><u>Mdsx FOB 1.50 1.60 1.65 1.70 7.48 294.57 1.15 6.65 261.80</u></div>
<div><u>FOB SW Que 2.26 8.24 324.49N/A</u></div>
<div><u>Track 1.98 7.96 313.47N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.49 6.99 275.18</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.75 7.25 285.42</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 6.95 273.61</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.65 7.15 281.48</u></div>
<div><u>W O Feed 1.98 7.96 313.55</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.07 8.05 317.01</u></div>
<div><u>Toledo El. -0.32 5.66 222.80 -0.32 5.18 203.80</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.35 7.33 288.67 1.20 6.70 263.77</u></div>
<div><u>Prescott 2.11 8.09 318.59 1.79 7.29 286.99</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.35 7.33 1/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2923 down 0.0024</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JAN22 HI 13.13 1/2 NOV22 HI 12.61 3/4</u></div>
<div><u> LOW 12.86 1/2 LOW 12.43 1/2</u></div>
<div><u> CLOSE13.08 Up 15 3/4 CLOSE 12.54 1/2 Up 5 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 +JAN22+MAR22+MAR22</u></div>
<div><u>CK Low 3.40 16.48 605.54 2.85 15.40 565.67</u></div>
<div><u>CK High 3.45 16.53 607.37 2.95 15.50 569.34</u></div>
<div><u>CK Average 3.44 -0.30 16.52 607.07 2.93 -0.58 15.47 568.45</u></div>
<div><u>Essex Cty 3.45 16.53 607.37 2.95 15.50 569.34</u></div>
<div><u>Mdsx Low 3.40 16.48 605.54 2.90 15.45 567.51</u></div>
<div><u>Mdsx High 3.45 16.53 607.37 2.95 15.50 569.34</u></div>
<div><u>Mdsx Average3.43 -0.30 16.51 606.64 2.92 -0.58 15.47 568.36</u></div>
<div><u>Hensall 3.48 16.56 608.60 2.95 15.50 569.34</u></div>
<div><u>Bruce 3.40 16.48 605.54 2.90 15.45 567.51</u></div>
<div><u>Putnam 3.45 16.53 607.37 2.95 15.50 569.34</u></div>
<div><u>Burford 3.51 16.59 609.58 2.99 15.54 570.81</u></div>
<div><u>Port Perry 3.39 16.47 605.17 2.87 15.42 566.40</u></div>
<div><u>Norfolk 3.45 16.53 607.37 2.95 15.50 569.34</u></div>
<div><u>Palmerston 3.48 16.56 608.48 2.93 15.48 568.61</u></div>
<div><u>Varna 3.40 16.48 605.54 2.90 15.45 567.51</u></div>
<div><u>Trenton 3.45 16.53 607.37 2.95 15.50 569.34</u></div>
<div><u>Winchester 3.41 16.49 605.90 3.01 15.56 571.55</u></div>
<div><u>North Gower 3.15 16.23 596.35 3.00 15.55 571.18</u></div>
<div><u>Vankleek Hil3.32 16.40 602.60 3.06 15.61 573.39</u></div>
<div><u>Huron FOB 3.64 3.77 3.71 3.78 16.72 614.35 N/A</u></div>
<div><u>Kent FOB 3.65 16.73 614.72 2.95 15.50 569.34</u></div>
<div><u>Lambton FOB 3.45 16.53 607.37 2.85 15.40 565.67</u></div>
<div><u>Mdsx FOB 3.63 3.63 3.71 3.71 16.71 613.99 3.05 15.60 573.02</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.23 17.31 636.03 3.28 15.83 581.47</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.95 17.03 625.75 3.35 15.90 584.04</u></div>
<div><u>Prescott N/A 3.52 16.07 590.29</u></div>
<div><u>Port Colborn3.79 16.87 619.87 3.46 16.01 588.08</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 12.82 471.11 -0.52 12.03 441.94</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2923 down 0.0024</u></div>
<div><u>Chicago wheat closed moderately higher to higher.</u></div>
<div><u>MAR22 HI 7.99 3/4 JUL22 HI 7.90 1/2</u></div>
<div><u> LOW 7.72 1/2 LOW 7.66 1/2</u></div>
<div><u> CLOSE 7.99 Up 21 1/4 CLOSE 7.90 Up 18 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>MAR22 HI 10.28 1/2 SEP22 HI 9.35 3/4</u></div>
<div><u> LOW 10.13 1/4 LOW 9.19 3/4</u></div>
<div><u> CLOSE 10.25 1/2 Up 5 3/4 CLOSE 9.34 1/4 Up 9 1/2</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 1.20 N/A N/A N/A 1.70 N/A</u></div>
<div><u>London 1.25 1.64 1.18 N/A 1.81 1.81 1.61 N/A</u></div>
<div><u>Hensall 1.20 N/A 1.20 N/A 2.35 N/A 1.70 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.75 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 1.25 N/A N/A N/A 1.65 N/A</u></div>
<div><u>Norwich 1.20 N/A 1.20 N/A 2.35 N/A 1.70 N/A</u></div>
<div><u>Port Hope N/A N/A 1.30 N/A N/A N/A 1.70 N/A</u></div>
<div><u>Kent Bridge 1.20 N/A 1.20 N/A 2.35 N/A 1.70 N/A</u></div>
<div><u>Chatham N/A N/A 1.25 N/A N/A N/A 1.65 N/A</u></div>
<div><u>Brigden N/A N/A 1.25 N/A N/A N/A 1.65 N/A</u></div>
<div><u>Palmerston N/A N/A 1.23 2.09 N/A N/A 1.72 1.77</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 1.20 1.75 1.20 N/A 2.35 1.85 1.70 N/A</u></div>
<div><u>Thornton 1.25 1.64 1.18 1.38 1.81 1.81 1.61 N/A</u></div>
<div><u>North Gower N/A 1.00 1.40 N/A N/A N/A 1.70 N/A</u></div>
<div><u>W O Feed 2.19</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.77 N/A N/A N/A 1.94 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.72 N/A N/A N/A 2.44 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.84US 10.13CA 7.85US 10.15CA</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 623.92</u></div>
<span><u>DDG's FOB Srn & Aylm 240.00</u></span><br>
</div>
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<span><u><br>
</u></span></div>
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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>
<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>
<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"">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
<o:p> </o:p></span></p>
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<span style="font-size: 10pt; font-family: "Courier New";">Fax. 519-674-1530<br>
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