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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 22</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.285 down 0.0073</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.06 3/4 DEC22 HI 5.55 1/4</u></div>
<div><u> LOW 5.97 LOW 5.49</u></div>
<div><u> CLOSE6.02 1/2 Up 4 1/4 CLOSE 5.51 1/2 Up 1 1/2</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 1.35 7.38 290.34 1.05 6.57 258.45</u></div>
<div><u>CK High 1.40 7.43 292.31 1.10 6.62 260.42</u></div>
<div><u>CK Avg 1.37 -0.27 7.40 291.18 1.07 -0.40 6.59 259.30</u></div>
<div><u>Essex Cty 1.40 7.43 292.31 1.10 6.62 260.42</u></div>
<div><u>Mdsx Low 1.35 7.38 290.34 1.05 6.57 258.45</u></div>
<div><u>Mdsx High 1.40 7.43 292.31 1.10 6.62 260.42</u></div>
<div><u>Mdsx Avg 1.37 -0.27 7.39 291.00 1.07 -0.40 6.58 259.11</u></div>
<div><u>Hensall 1.40 7.43 292.31 1.10 6.62 260.42</u></div>
<div><u>Bruce 1.35 7.38 290.34 1.05 6.57 258.45</u></div>
<div><u>Putnam 1.35 7.38 290.34 1.05 6.57 258.45</u></div>
<div><u>Burford 1.35 7.38 290.34 1.05 6.57 258.45</u></div>
<div><u>Port Perry 1.35 7.38 290.34 1.15 6.67 262.39</u></div>
<div><u>Norfolk 1.40 7.43 292.31 1.10 6.62 260.42</u></div>
<div><u>Palmerston 1.34 7.37 289.95 1.08 6.60 259.63</u></div>
<div><u>Varna 1.35 7.38 290.34 1.05 6.57 258.45</u></div>
<div><u>Belmore 1.40 7.43 292.31 1.10 6.62 260.42</u></div>
<div><u>Trenton 1.45 7.48 294.28 1.20 6.72 264.36</u></div>
<div><u>Winchester 1.45 7.48 294.28 1.10 6.62 260.42</u></div>
<div><u>North Gower 1.45 7.48 294.28 1.30 6.82 268.29</u></div>
<div><u>Vankleek Hil 1.62 7.65 300.97 1.34 6.86 269.87</u></div>
<div><u>Huron FOB 1.51 1.59 1.65 1.70 7.54 296.64N/A</u></div>
<div><u>Kent FOB 1.60 7.63 300.18 1.25 6.77 266.33</u></div>
<div><u>Lamb FOB 1.55 7.58 298.21 1.15 6.67 262.39</u></div>
<div><u>Mdsx FOB 1.50 1.60 1.65 1.70 7.53 296.25 1.15 6.67 262.39</u></div>
<div><u>FOB SW Que 2.32 8.35 328.53N/A</u></div>
<div><u>Track 1.95 7.98 313.96N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.49 7.01 275.77</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.75 7.27 286.01</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 6.97 274.20</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.65 7.17 282.07</u></div>
<div><u>W O Feed 1.96 7.99 314.51</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.04 8.07 317.51</u></div>
<div><u>Toledo El. -0.32 5.70 224.55 -0.32 5.19 204.45</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.35 7.38 290.34 1.20 6.72 264.36</u></div>
<div><u>Prescott 2.14 8.17 321.44 1.79 7.31 287.59</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 7.42 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 1.285 down 0.0073</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN22 HI 13.33 1/4 NOV22 HI 12.66 3/4</u></div>
<div><u> LOW 13.04 3/4 LOW 12.52 1/4</u></div>
<div><u> CLOSE13.28 3/4 Up 20 3/4 CLOSE 12.63 1/4 Up 8 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 3.45 16.74 615.00 2.89 15.52 570.35</u></div>
<div><u>CK High 3.50 16.79 616.84 2.95 15.58 572.56</u></div>
<div><u>CK Average 3.48 -0.24 16.76 616.00 2.94 -0.53 15.57 572.24</u></div>
<div><u>Essex Cty 3.50 16.79 616.84 2.95 15.58 572.56</u></div>
<div><u>Mdsx Low 3.45 16.74 615.00 2.90 15.53 570.72</u></div>
<div><u>Mdsx High 3.53 16.82 617.94 2.95 15.58 572.56</u></div>
<div><u>Mdsx Average3.49 -0.23 16.78 616.59 2.93 -0.54 15.56 571.70</u></div>
<div><u>Hensall 3.48 16.77 616.22 2.95 15.58 572.56</u></div>
<div><u>Bruce 3.40 16.69 613.16 2.95 15.58 572.56</u></div>
<div><u>Putnam 3.45 16.74 615.00 2.95 15.58 572.56</u></div>
<div><u>Burford 3.60 16.89 620.51 3.00 15.63 574.40</u></div>
<div><u>Port Perry 3.48 16.77 616.10 2.88 15.51 569.99</u></div>
<div><u>Norfolk 3.50 16.79 616.84 2.95 15.58 572.56</u></div>
<div><u>Palmerston 3.48 16.77 616.10 2.93 15.56 571.82</u></div>
<div><u>Varna 3.50 16.79 616.84 2.95 15.58 572.56</u></div>
<div><u>Trenton 3.45 16.74 615.00 2.95 15.58 572.56</u></div>
<div><u>Winchester 3.40 16.69 613.16 2.91 15.54 571.09</u></div>
<div><u>North Gower 3.20 16.49 605.81 3.00 15.63 574.40</u></div>
<div><u>Vankleek Hil3.38 16.67 612.43 3.13 15.76 579.17</u></div>
<div><u>Huron FOB 3.66 3.79 3.80 3.80 16.95 622.71 N/A</u></div>
<div><u>Kent FOB 3.70 16.99 624.18 2.95 15.58 572.56</u></div>
<div><u>Lambton FOB 3.45 16.74 615.00 2.85 15.48 568.88</u></div>
<div><u>Mdsx FOB 3.70 3.70 3.78 3.78 16.99 624.18 3.05 15.68 576.23</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.18 17.47 641.82 3.21 15.84 582.11</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.95 17.24 633.37 3.35 15.98 587.26</u></div>
<div><u>Prescott N/A 3.52 16.15 593.50</u></div>
<div><u>Port Colborn3.85 17.14 629.70 3.46 16.09 591.30</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 13.03 478.79 -0.51 12.12 445.25</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.285 down 0.0073</u></div>
<div><u>Chicago wheat closed moderately higher to higher.</u></div>
<div><u>MAR22 HI 8.17 JUL22 HI 8.08</u></div>
<div><u> LOW 7.92 LOW 7.83</u></div>
<div><u> CLOSE 8.14 Up 15 CLOSE 8.06 Up 16</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR22 HI 10.33 SEP22 HI 9.43</u></div>
<div><u> LOW 10.19 1/4 LOW 9.31 1/4</u></div>
<div><u> CLOSE 10.27 3/4 Up 2 1/4 CLOSE 9.39 3/4 Up 5 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 1.30 N/A N/A N/A 1.70 N/A</u></div>
<div><u>London 1.31 1.69 1.24 N/A 1.86 1.86 1.73 N/A</u></div>
<div><u>Hensall 1.30 N/A 1.30 N/A 2.40 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 1.20 1.45 1.20 N/A 2.30 1.85 1.70 1.50</u></div>
<div><u>Essex N/A N/A 1.35 N/A N/A N/A 1.75 N/A</u></div>
<div><u>Norwich 1.30 N/A 1.30 N/A 2.40 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 1.30 N/A 1.30 N/A 2.40 N/A 1.70 N/A</u></div>
<div><u>Chatham N/A N/A 1.35 N/A N/A N/A 1.75 N/A</u></div>
<div><u>Brigden N/A N/A 1.35 N/A N/A N/A 1.75 N/A</u></div>
<div><u>Palmerston N/A N/A 1.23 2.04 N/A N/A 1.72 1.74</u></div>
<div><u>Varna 1.55 2.00 1.30 N/A 2.20 1.85 1.65 N/A</u></div>
<div><u>Mitchell 1.30 1.90 1.30 N/A 2.40 1.85 1.70 N/A</u></div>
<div><u>Thornton 1.31 1.69 1.24 1.55 1.86 1.86 1.73 N/A</u></div>
<div><u>North Gower N/A 1.05 1.45 N/A N/A N/A 1.74 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 1.83 N/A N/A N/A 2.06 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.71 N/A N/A N/A 2.44 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.99US 10.27CA 8.01US 10.31CA</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 633.62</u></div>
<span><u>DDG's FOB Srn & Aylm 240.00</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: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: 10pt; font-family: "Courier New";">Fax. 519-674-1530<br>
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