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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, December 27</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2798 down 0.0018</u></div>
<div><u>Chicago corn closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.15 1/2 DEC22 HI 5.59 1/4</u></div>
<div><u> LOW 6.07 LOW 5.53 3/4</u></div>
<div><u> CLOSE6.14 3/4 Up 9 CLOSE 5.57 Up 3 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 7.50 295.16 1.05 6.62 260.62</u></div>
<div><u>CK High 1.40 7.55 297.13 1.10 6.67 262.59</u></div>
<div><u>CK Avg 1.39 -0.26 7.53 296.57 1.09 -0.37 6.66 262.02</u></div>
<div><u>Essex Cty 1.40 7.55 297.13 1.10 6.67 262.59</u></div>
<div><u>Mdsx Low 1.35 7.50 295.16 1.05 6.62 260.62</u></div>
<div><u>Mdsx High 1.40 7.55 297.13 1.10 6.67 262.59</u></div>
<div><u>Mdsx Avg 1.38 -0.26 7.53 296.48 1.07 -0.39 6.64 261.27</u></div>
<div><u>Hensall 1.42 7.56 297.79 1.12 6.69 263.24</u></div>
<div><u>Bruce 1.35 7.50 295.16 1.05 6.62 260.62</u></div>
<div><u>Putnam 1.40 7.55 297.13 1.10 6.67 262.59</u></div>
<div><u>Burford 1.35 7.50 295.16 1.05 6.62 260.62</u></div>
<div><u>Port Perry 1.35 7.50 295.16 1.15 6.72 264.55</u></div>
<div><u>Norfolk 1.40 7.55 297.13 1.10 6.67 262.59</u></div>
<div><u>Palmerston 1.33 7.48 294.38 1.06 6.63 261.01</u></div>
<div><u>Varna 1.40 7.55 297.13 1.10 6.67 262.59</u></div>
<div><u>Belmore 1.40 7.55 297.13 1.10 6.67 262.59</u></div>
<div><u>Trenton 1.45 7.60 299.10 1.15 6.72 264.55</u></div>
<div><u>Winchester 1.45 7.60 299.10 1.10 6.67 262.59</u></div>
<div><u>North Gower 1.45 7.60 299.10 1.30 6.87 270.46</u></div>
<div><u>Vankleek Hil 1.62 7.77 305.79 1.34 6.91 272.03</u></div>
<div><u>Huron FOB 1.48 1.56 1.61 1.67 7.63 300.28N/A</u></div>
<div><u>Kent FOB 1.60 7.75 305.01 1.25 6.82 268.49</u></div>
<div><u>Lamb FOB 1.60 7.75 305.01 1.25 6.82 268.49</u></div>
<div><u>Mdsx FOB 1.50 1.60 1.65 1.70 7.65 301.07 1.15 6.72 264.55</u></div>
<div><u>FOB SW Que 2.14 8.29 326.26N/A</u></div>
<div><u>Track 1.98 8.12 319.77N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.45 7.02 276.37</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.71 7.28 286.60</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 7.02 276.37</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.65 7.22 284.24</u></div>
<div><u>W O Feed 1.97 8.12 319.57</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.04 8.19 322.33</u></div>
<div><u>Toledo El. -0.32 5.83 229.42 -0.32 5.25 206.68</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.35 7.50 295.16 1.20 6.77 266.52</u></div>
<div><u>Prescott 2.14 8.29 326.26 1.79 7.36 289.75</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 7.54 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 1.2798 down 0.0018</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> JAN22 HI 13.63 1/2 NOV22 HI 12.78 3/4</u></div>
<div><u> LOW 13.33 3/4 LOW 12.64</u></div>
<div><u> CLOSE13.62 1/2 Up 30 1/2 CLOSE 12.77 1/4 Up 12 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 3.39 17.02 625.19 2.85 15.62 574.03</u></div>
<div><u>CK High 3.45 17.08 627.40 2.95 15.72 577.70</u></div>
<div><u>CK Average 3.41 -0.31 17.04 625.98 2.87 -0.56 15.64 574.61</u></div>
<div><u>Essex Cty 3.40 17.03 625.56 2.85 15.62 574.03</u></div>
<div><u>Mdsx Low 3.40 17.03 625.56 2.85 15.62 574.03</u></div>
<div><u>Mdsx High 3.50 17.13 629.24 2.95 15.72 577.70</u></div>
<div><u>Mdsx Average3.44 -0.29 17.07 627.15 2.90 -0.53 15.67 575.87</u></div>
<div><u>Hensall 3.43 17.06 626.79 2.88 15.66 575.25</u></div>
<div><u>Bruce 3.40 17.03 625.56 2.90 15.67 575.87</u></div>
<div><u>Putnam 3.40 17.03 625.56 2.85 15.62 574.03</u></div>
<div><u>Burford 3.50 17.13 629.24 2.97 15.74 578.44</u></div>
<div><u>Port Perry 3.38 17.01 624.83 2.85 15.62 574.03</u></div>
<div><u>Norfolk 3.40 17.03 625.56 2.85 15.62 574.03</u></div>
<div><u>Palmerston 3.48 17.11 628.50 2.90 15.67 575.87</u></div>
<div><u>Varna 3.45 17.08 627.40 2.90 15.67 575.87</u></div>
<div><u>Trenton 3.45 17.08 627.40 2.95 15.72 577.70</u></div>
<div><u>Winchester 3.38 17.01 624.83 2.90 15.67 575.87</u></div>
<div><u>North Gower 3.20 16.83 618.21 3.00 15.77 579.54</u></div>
<div><u>Vankleek Hil3.38 17.01 624.83 3.13 15.90 584.32</u></div>
<div><u>Huron FOB 3.61 3.74 3.76 3.76 17.24 633.28 N/A</u></div>
<div><u>Kent FOB 3.60 17.23 632.91 2.85 15.62 574.03</u></div>
<div><u>Lambton FOB 3.45 17.08 627.40 2.95 15.72 577.70</u></div>
<div><u>Mdsx FOB 3.53 3.53 3.62 3.68 17.16 630.34 2.97 15.74 578.44</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.18 17.81 654.22 3.17 15.94 585.79</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.90 17.53 643.93 3.25 16.02 588.73</u></div>
<div><u>Prescott N/A 3.52 16.29 598.65</u></div>
<div><u>Port Colborn3.75 17.38 638.42 3.38 16.15 593.50</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 13.37 491.23 -0.51 12.26 450.49</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2798 down 0.0018</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>MAR22 HI 8.24 JUL22 HI 8.13 3/4</u></div>
<div><u> LOW 8.02 1/2 LOW 7.99 1/4</u></div>
<div><u> CLOSE 8.04 Down 10 3/4 CLOSE 8.00 3/4 Down 5</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>MAR22 HI 10.36 3/4 SEP22 HI 9.50 1/2</u></div>
<div><u> LOW 10.21 LOW 9.42 1/2</u></div>
<div><u> CLOSE 10.24 1/2 Down 8 CLOSE 9.45 3/4 Down 2 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 1.16 1.97 N/A N/A 1.67 1.70</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 1.44 1.82 1.82 1.69 N/A</u></div>
<div><u>North Gower N/A 1.05 1.45 1.17 N/A N/A 1.75 N/A</u></div>
<div><u>W O Feed 2.11</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 2.63 N/A N/A N/A 2.37 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.89US 10.10CA 7.96US 10.19CA</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 646.85</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 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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