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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, December 23</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2816 down 0.0034</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.07 DEC22 HI 5.54 1/2</u></div>
<div><u> LOW 6.00 1/2 LOW 5.49 3/4</u></div>
<div><u> CLOSE6.05 3/4 Up 3 1/4 CLOSE 5.53 1/2 Up 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 7.41 291.62 1.05 6.59 259.24</u></div>
<div><u>CK High 1.40 7.46 293.59 1.10 6.64 261.21</u></div>
<div><u>CK Avg 1.39 -0.25 7.44 293.03 1.09 -0.37 6.62 260.65</u></div>
<div><u>Essex Cty 1.40 7.46 293.59 1.10 6.64 261.21</u></div>
<div><u>Mdsx Low 1.35 7.41 291.62 1.05 6.59 259.24</u></div>
<div><u>Mdsx High 1.40 7.46 293.59 1.10 6.64 261.21</u></div>
<div><u>Mdsx Avg 1.37 -0.26 7.42 292.28 1.07 -0.38 6.60 259.90</u></div>
<div><u>Hensall 1.42 7.47 294.24 1.12 6.65 261.86</u></div>
<div><u>Bruce 1.35 7.41 291.62 1.05 6.59 259.24</u></div>
<div><u>Putnam 1.40 7.46 293.59 1.10 6.64 261.21</u></div>
<div><u>Burford 1.35 7.41 291.62 1.05 6.59 259.24</u></div>
<div><u>Port Perry 1.35 7.41 291.62 1.15 6.69 263.18</u></div>
<div><u>Norfolk 1.40 7.46 293.59 1.10 6.64 261.21</u></div>
<div><u>Palmerston 1.32 7.38 290.44 1.06 6.60 259.63</u></div>
<div><u>Varna 1.40 7.46 293.59 1.10 6.64 261.21</u></div>
<div><u>Belmore 1.40 7.46 293.59 1.10 6.64 261.21</u></div>
<div><u>Trenton 1.45 7.51 295.56 1.15 6.69 263.18</u></div>
<div><u>Winchester 1.45 7.51 295.56 1.10 6.64 261.21</u></div>
<div><u>North Gower 1.45 7.51 295.56 1.30 6.84 269.08</u></div>
<div><u>Vankleek Hil 1.62 7.68 302.25 1.34 6.88 270.66</u></div>
<div><u>Huron FOB 1.48 1.56 1.61 1.67 7.54 296.74N/A</u></div>
<div><u>Kent FOB 1.60 7.66 301.46 1.25 6.79 267.11</u></div>
<div><u>Lamb FOB 1.60 7.66 301.46 1.25 6.79 267.11</u></div>
<div><u>Mdsx FOB 1.50 1.60 1.65 1.70 7.56 297.53 1.15 6.69 263.18</u></div>
<div><u>FOB SW Que 2.31 8.37 329.41N/A</u></div>
<div><u>Track 1.96 8.02 315.64N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.45 6.99 274.99</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.71 7.25 285.22</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 6.99 274.99</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.65 7.19 282.86</u></div>
<div><u>W O Feed 1.96 8.01 315.48</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.02 8.08 318.00</u></div>
<div><u>Toledo El. -0.32 5.74 225.86 -0.32 5.21 205.29</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.35 7.41 291.62 1.20 6.74 265.15</u></div>
<div><u>Prescott 2.14 8.20 322.72 1.79 7.33 288.37</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 7.45 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 1.2816 down 0.0034</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> JAN22 HI 13.34 NOV22 HI 12.69 1/2</u></div>
<div><u> LOW 13.21 LOW 12.58 1/4</u></div>
<div><u> CLOSE13.32 Up 3 1/4 CLOSE 12.65 Up 1 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 3.39 16.71 613.99 2.85 15.50 569.53</u></div>
<div><u>CK High 3.45 16.77 616.19 2.95 15.60 573.20</u></div>
<div><u>CK Average 3.41 -0.26 16.73 614.77 2.87 -0.54 15.52 570.10</u></div>
<div><u>Essex Cty 3.40 16.72 614.35 2.85 15.50 569.53</u></div>
<div><u>Mdsx Low 3.40 16.72 614.35 2.85 15.50 569.53</u></div>
<div><u>Mdsx High 3.45 16.77 616.19 2.90 15.55 571.36</u></div>
<div><u>Mdsx Average3.43 -0.25 16.75 615.33 2.88 -0.53 15.53 570.75</u></div>
<div><u>Hensall 3.43 16.75 615.58 2.88 15.53 570.75</u></div>
<div><u>Bruce 3.40 16.72 614.35 2.95 15.60 573.20</u></div>
<div><u>Putnam 3.40 16.72 614.35 2.85 15.50 569.53</u></div>
<div><u>Burford 3.50 16.82 618.03 2.97 15.62 573.94</u></div>
<div><u>Port Perry 3.38 16.70 613.62 2.85 15.50 569.53</u></div>
<div><u>Norfolk 3.40 16.72 614.35 2.85 15.50 569.53</u></div>
<div><u>Palmerston 3.42 16.74 615.09 2.90 15.55 571.36</u></div>
<div><u>Varna 3.50 16.82 618.03 2.95 15.60 573.20</u></div>
<div><u>Trenton 3.45 16.77 616.19 2.95 15.60 573.20</u></div>
<div><u>Winchester 3.38 16.70 613.62 2.90 15.55 571.36</u></div>
<div><u>North Gower 3.20 16.52 607.01 3.00 15.65 575.04</u></div>
<div><u>Vankleek Hil3.38 16.70 613.62 3.13 15.78 579.82</u></div>
<div><u>Huron FOB 3.61 3.74 3.76 3.76 16.93 622.07 N/A</u></div>
<div><u>Kent FOB 3.60 16.92 621.70 2.85 15.50 569.53</u></div>
<div><u>Lambton FOB 3.45 16.77 616.19 2.95 15.60 573.20</u></div>
<div><u>Mdsx FOB 3.53 3.53 3.62 3.68 16.85 619.13 2.97 15.62 573.94</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.11 17.43 640.44 3.16 15.81 580.92</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.90 17.22 632.73 3.25 15.90 584.22</u></div>
<div><u>Prescott N/A 3.52 16.17 594.15</u></div>
<div><u>Port Colborn3.75 17.07 627.22 3.38 16.03 589.00</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 13.06 480.01 -0.51 12.14 445.97</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2816 down 0.0034</u></div>
<div><u>Chicago wheat closed narrowly mixed.</u></div>
<div><u>MAR22 HI 8.20 1/2 JUL22 HI 8.09 3/4</u></div>
<div><u> LOW 8.08 1/4 LOW 8.00</u></div>
<div><u> CLOSE 8.14 3/4 Up 3/4 CLOSE 8.05 3/4 Down 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>MAR22 HI 10.35 SEP22 HI 9.50</u></div>
<div><u> LOW 10.23 1/4 LOW 9.37</u></div>
<div><u> CLOSE 10.32 1/2 Up 4 3/4 CLOSE 9.48 Up 8 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 1.30 N/A N/A N/A 1.70 N/A</u></div>
<div><u>London 1.26 1.65 1.20 N/A 1.82 1.82 1.69 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 1.30 N/A N/A N/A 1.70 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 1.30 N/A N/A N/A 1.70 N/A</u></div>
<div><u>Brigden N/A N/A 1.30 N/A N/A N/A 1.70 N/A</u></div>
<div><u>Palmerston N/A N/A 1.20 2.00 N/A N/A 1.69 1.71</u></div>
<div><u>Varna 1.65 2.15 1.40 N/A 2.30 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 1.26 1.65 1.20 1.46 1.82 1.82 1.69 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 2.15</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.78 N/A N/A N/A 2.02 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.68 N/A N/A N/A 2.40 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 8.00US 10.25CA 8.01US 10.26CA</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 637.26</u></div>
<span><u>DDG's FOB Srn & Aylm 240.00</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>
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<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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