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Note: The soybean report now uses the March 2022 future for Old Crop.</div>
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Thanks,</div>
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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, December 29</u>
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2797 down 0.0026</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.10 3/4 DEC22 HI 5.54 1/4</u></div>
<div><u> LOW 5.99 1/2 LOW 5.44 1/2</u></div>
<div><u> CLOSE6.05 1/2 Up 3/4 CLOSE 5.53 Up 4 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 1.40 7.46 293.49 1.00 6.53 257.07</u></div>
<div><u>CK High 1.40 7.46 293.49 1.10 6.63 261.01</u></div>
<div><u>CK Avg 1.40 -0.23 7.46 293.49 1.09 -0.37 6.62 260.45</u></div>
<div><u>Essex Cty 1.40 7.46 293.49 1.10 6.63 261.01</u></div>
<div><u>Mdsx Low 1.40 7.46 293.49 1.05 6.58 259.04</u></div>
<div><u>Mdsx High 1.40 7.46 293.49 1.10 6.63 261.01</u></div>
<div><u>Mdsx Avg 1.40 -0.23 7.46 293.49 1.08 -0.37 6.61 260.36</u></div>
<div><u>Hensall 1.42 7.47 294.15 1.12 6.65 261.67</u></div>
<div><u>Bruce 1.40 7.46 293.49 1.10 6.63 261.01</u></div>
<div><u>Putnam 1.40 7.46 293.49 1.10 6.63 261.01</u></div>
<div><u>Burford 1.40 7.46 293.49 1.10 6.63 261.01</u></div>
<div><u>Port Perry 1.40 7.46 293.49 1.15 6.68 262.98</u></div>
<div><u>Norfolk 1.40 7.46 293.49 1.10 6.63 261.01</u></div>
<div><u>Palmerston 1.31 7.37 289.95 1.05 6.58 259.04</u></div>
<div><u>Varna 1.40 7.46 293.49 1.10 6.63 261.01</u></div>
<div><u>Belmore 1.40 7.46 293.49 1.10 6.63 261.01</u></div>
<div><u>Trenton 1.45 7.51 295.46 1.15 6.68 262.98</u></div>
<div><u>Winchester 1.45 7.51 295.46 1.10 6.63 261.01</u></div>
<div><u>North Gower 1.45 7.51 295.46 1.30 6.83 268.89</u></div>
<div><u>Vankleek Hil 1.62 7.68 302.15 1.34 6.87 270.46</u></div>
<div><u>Huron FOB N/A 1.53 1.59 1.65 N/A</u></div>
<div><u>Kent FOB 1.60 7.66 301.36 1.25 6.78 266.92</u></div>
<div><u>Lamb FOB 1.60 7.66 301.36 1.25 6.78 266.92</u></div>
<div><u>Mdsx FOB 1.50 1.60 1.65 1.70 7.56 297.43 1.20 6.73 264.95</u></div>
<div><u>FOB SW Que 2.12 8.18 321.84N/A</u></div>
<div><u>Track 1.95 8.01 315.14N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.45 6.98 274.79</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.71 7.24 285.03</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 1.50 7.03 276.76</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.70 7.23 284.63</u></div>
<div><u>W O Feed 1.94 8.00 314.91</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 2.01 8.07 317.51</u></div>
<div><u>Toledo El. -0.32 5.74 225.78 -0.32 5.21 205.10</u></div>
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</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.40 7.46 293.49 1.25 6.78 266.92</u></div>
<div><u>Prescott 2.14 8.20 322.62 1.79 7.32 288.18</u></div>
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</u></div>
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</u></div>
<div><u>HI SD CRN 1.40 7.45 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 1.2797 down 0.0026</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 13.72 1/2 NOV22 HI 12.80 1/2</u></div>
<div><u> LOW 13.55 LOW 12.65</u></div>
<div><u> CLOSE13.68 3/4 Up 3/4 CLOSE 12.80 Up 7 3/4</u></div>
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</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 +MAR22+MAR22+MAR22</u></div>
<div><u>CK Low 3.33 17.02 625.29 2.85 15.65 575.04</u></div>
<div><u>CK High 3.45 17.14 629.70 2.95 15.75 578.71</u></div>
<div><u>CK Average 3.39 -0.34 17.07 627.39 2.87 -0.57 15.67 575.93</u></div>
<div><u>Essex Cty 3.40 17.09 627.86 2.85 15.65 575.04</u></div>
<div><u>Mdsx Low 3.37 17.06 626.76 2.85 15.65 575.04</u></div>
<div><u>Mdsx High 3.40 17.09 627.86 2.95 15.75 578.71</u></div>
<div><u>Mdsx Average3.38 -0.35 17.07 627.25 2.90 -0.54 15.70 577.00</u></div>
<div><u>Hensall 3.35 17.04 626.14 2.87 15.67 575.65</u></div>
<div><u>Bruce 3.28 16.97 623.45 2.85 15.65 575.04</u></div>
<div><u>Putnam 3.40 17.09 627.86 2.85 15.65 575.04</u></div>
<div><u>Burford 3.44 17.13 629.33 2.98 15.78 579.82</u></div>
<div><u>Port Perry 3.32 17.01 624.92 2.86 15.66 575.41</u></div>
<div><u>Norfolk 3.45 17.14 629.70 2.85 15.65 575.04</u></div>
<div><u>Palmerston 3.34 17.03 625.65 2.90 15.70 576.88</u></div>
<div><u>Varna 3.33 17.02 625.29 2.85 15.65 575.04</u></div>
<div><u>Trenton 3.33 17.02 625.29 2.95 15.75 578.71</u></div>
<div><u>Winchester 3.47 17.16 630.43 2.94 15.74 578.35</u></div>
<div><u>North Gower 3.08 16.77 616.10 3.00 15.80 580.55</u></div>
<div><u>Vankleek Hil3.26 16.95 622.71 3.13 15.93 585.33</u></div>
<div><u>Huron FOB N/A 3.63 3.78 3.78 N/A</u></div>
<div><u>Kent FOB 3.55 17.24 633.37 2.85 15.65 575.04</u></div>
<div><u>Lambton FOB 3.43 17.12 628.96 2.95 15.75 578.71</u></div>
<div><u>Mdsx FOB 3.47 3.47 3.68 3.75 17.16 630.43 2.97 15.77 579.45</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.19 17.88 656.89 3.17 15.97 586.80</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.90 17.59 646.23 3.25 16.05 589.74</u></div>
<div><u>Prescott N/A 3.52 16.32 599.66</u></div>
<div><u>Port Colborn3.69 17.38 638.51 3.38 16.18 594.51</u></div>
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</u></div>
<div><u>Toledo El. -0.26 13.43 493.53 -0.51 12.29 451.49</u></div>
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</u></div>
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</u></div>
<div><u>Exchange rate was 1.2797 down 0.0026</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR22 HI 7.93 JUL22 HI 7.89 1/2</u></div>
<div><u> LOW 7.74 LOW 7.74 1/2</u></div>
<div><u> CLOSE 7.87 3/4 Up 4 1/4 CLOSE 7.85 1/2 Up 1 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>MAR22 HI 10.12 SEP22 HI 9.31 1/2</u></div>
<div><u> LOW 9.93 3/4 LOW 9.22</u></div>
<div><u> CLOSE 10.09 Up 9 1/2 CLOSE 9.29 1/4 Up 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 1.16 1.55 1.10 N/A 1.74 1.74 1.61 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 1.65 1.50</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 1.30 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 1.25 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 1.12 1.93 N/A N/A 1.64 1.65</u></div>
<div><u>Varna 1.60 2.10 1.35 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 1.16 1.55 1.10 1.33 1.74 1.74 1.61 N/A</u></div>
<div><u>North Gower N/A 1.05 1.45 1.17 N/A N/A 1.76 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 1.68 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 2.59 N/A N/A N/A 2.34 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.73US 9.89CA 7.81US 10.00CA</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 612.01</u></div>
<span><u>DDG's FOB Srn & Aylm 240.00</u></span><br>
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</u></span></div>
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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: 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: 10pt; font-family: "Courier New";">Fax. 519-674-1530<br>
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