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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, December 31</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2645 down 0.0102</u></div>
<div><u>Chicago corn closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 5.99 1/4 DEC22 HI 5.49 1/4</u></div>
<div><u> LOW 5.92 1/2 LOW 5.45</u></div>
<div><u> CLOSE5.93 1/4 Down 2 3/4 CLOSE 5.46 Up 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+MAY22+MAY22</u></div>
<div><u>CK Low 1.35 7.28 286.70 1.05 6.51 256.29</u></div>
<div><u>CK High 1.40 7.33 288.67 1.10 6.56 258.26</u></div>
<div><u>CK Avg 1.38 -0.15 7.31 287.82 1.09 -0.28 6.55 257.97</u></div>
<div><u>Essex Cty 1.35 7.28 286.70 1.10 6.56 258.26</u></div>
<div><u>Mdsx Low 1.35 7.28 286.70 1.05 6.51 256.29</u></div>
<div><u>Mdsx High 1.40 7.33 288.67 1.10 6.56 258.26</u></div>
<div><u>Mdsx Avg 1.37 -0.16 7.30 287.36 1.08 -0.29 6.54 257.60</u></div>
<div><u>Hensall 1.42 7.35 289.32 1.12 6.58 258.91</u></div>
<div><u>Bruce 1.40 7.33 288.67 1.10 6.56 258.26</u></div>
<div><u>Putnam 1.40 7.33 288.67 1.10 6.56 258.26</u></div>
<div><u>Burford 1.35 7.28 286.70 1.05 6.51 256.29</u></div>
<div><u>Port Perry 1.35 7.28 286.70 1.10 6.56 258.26</u></div>
<div><u>Norfolk 1.35 7.28 286.70 1.10 6.56 258.26</u></div>
<div><u>Palmerston 1.19 7.12 280.40 0.95 6.41 252.35</u></div>
<div><u>Varna 1.40 7.33 288.67 1.10 6.56 258.26</u></div>
<div><u>Belmore 1.40 7.33 288.67 1.10 6.56 258.26</u></div>
<div><u>Trenton 1.45 7.38 290.64 1.15 6.61 260.22</u></div>
<div><u>Winchester 1.45 7.38 290.64 1.10 6.56 258.26</u></div>
<div><u>North Gower 1.45 7.38 290.64 1.30 6.76 266.13</u></div>
<div><u>Vankleek Hil 1.53 7.46 293.79 1.29 6.75 265.74</u></div>
<div><u>Huron FOB 1.46 1.51 1.58 1.63 7.39 291.03N/A</u></div>
<div><u>Kent FOB 1.55 7.48 294.57 1.25 6.71 264.16</u></div>
<div><u>Lamb FOB 1.55 7.48 294.57 1.20 6.66 262.19</u></div>
<div><u>Mdsx FOB 1.50 1.55 1.60 1.65 7.43 292.60 1.15 6.61 260.22</u></div>
<div><u>FOB SW Que 2.40 8.33 328.04N/A</u></div>
<div><u>Track 1.82 7.75 305.20N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.34 6.80 267.70</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.59 7.05 277.55</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Sarn-Eth 1.50 1.55 1.55 1.60 7.43 292.60N/A</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.45 6.91 272.03</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.65 7.11 279.91</u></div>
<div><u>W O Feed 1.84 7.77 305.99</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.88 7.81 307.56</u></div>
<div><u>Toledo El. -0.27 5.67 223.10 -0.32 5.14 202.50</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.50 7.43 292.60 1.25 6.71 264.16</u></div>
<div><u>Prescott 2.04 7.97 313.86 1.71 7.17 282.27</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 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 1.2645 down 0.0102</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 13.48 1/2 NOV22 HI 12.75 3/4</u></div>
<div><u> LOW 13.36 1/2 LOW 12.64 1/4</u></div>
<div><u> CLOSE13.39 1/4 Up 3/4 CLOSE 12.69 1/4 Up 3 1/2</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 +MAR22+MAR22+MAY22</u></div>
<div><u>CK Low 3.16 16.55 608.20 2.70 15.39 565.58</u></div>
<div><u>CK High 3.40 16.79 617.02 2.90 15.59 572.93</u></div>
<div><u>CK Average 3.27 -0.22 16.66 612.08 2.81 -0.44 15.50 569.46</u></div>
<div><u>Essex Cty 3.30 16.69 613.34 2.80 15.49 569.25</u></div>
<div><u>Mdsx Low 3.20 16.59 609.67 2.80 15.49 569.25</u></div>
<div><u>Mdsx High 3.35 16.74 615.18 2.88 15.57 572.19</u></div>
<div><u>Mdsx Average3.28 -0.21 16.68 612.73 2.84 -0.41 15.54 570.84</u></div>
<div><u>Hensall 3.28 16.68 612.73 2.80 15.49 569.25</u></div>
<div><u>Bruce 3.20 16.59 609.67 2.80 15.49 569.25</u></div>
<div><u>Putnam 3.20 16.59 609.67 2.70 15.39 565.58</u></div>
<div><u>Burford 3.27 16.66 612.24 2.95 15.64 574.76</u></div>
<div><u>Port Perry 3.15 16.54 607.83 2.83 15.52 570.35</u></div>
<div><u>Norfolk 3.35 16.74 615.18 2.80 15.49 569.25</u></div>
<div><u>Palmerston 3.15 16.54 607.83 2.68 15.37 564.84</u></div>
<div><u>Varna 3.35 16.74 615.18 2.85 15.54 571.09</u></div>
<div><u>Trenton 3.30 16.69 613.34 2.85 15.54 571.09</u></div>
<div><u>Winchester 3.40 16.79 617.02 2.91 15.60 573.29</u></div>
<div><u>North Gower 3.10 16.49 606.00 3.00 15.69 576.60</u></div>
<div><u>Vankleek Hil3.15 16.54 607.83 3.01 15.70 576.97</u></div>
<div><u>Huron FOB 3.35 3.54 3.54 3.59 16.74 615.18 N/A</u></div>
<div><u>Kent FOB 3.45 16.84 618.86 2.80 15.49 569.25</u></div>
<div><u>Lambton FOB 3.45 16.84 618.86 2.85 15.54 571.09</u></div>
<div><u>Mdsx FOB 3.20 3.46 3.52 3.46 16.59 609.67 2.94 15.63 574.40</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.84 17.23 633.19 2.96 15.65 575.13</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.85 17.24 633.55 3.20 15.89 583.95</u></div>
<div><u>Prescott N/A 3.37 16.06 590.20</u></div>
<div><u>Port Colborn3.55 16.94 622.53 3.35 16.04 589.46</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 13.14 482.80 -0.51 12.19 447.78</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2645 down 0.0102</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>MAR22 HI 7.87 3/4 JUL22 HI 7.82</u></div>
<div><u> LOW 7.69 1/2 LOW 7.63 3/4</u></div>
<div><u> CLOSE 7.70 3/4 Down 9 CLOSE 7.64 1/2 Down 9 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>MAR22 HI 9.98 1/4 SEP22 HI 9.21 1/2</u></div>
<div><u> LOW 9.79 LOW 9.06 3/4</u></div>
<div><u> CLOSE 9.82 Down 9 1/2 CLOSE 9.08 1/2 Down 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 1.11 1.49 1.05 N/A 1.67 1.67 1.55 N/A</u></div>
<div><u>Hensall 1.25 N/A 1.25 N/A 2.35 N/A 1.65 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 1.20 N/A N/A N/A 1.60 N/A</u></div>
<div><u>Norwich 1.25 N/A 1.25 N/A 2.35 N/A 1.65 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 1.25 N/A 1.25 N/A 2.35 N/A 1.65 N/A</u></div>
<div><u>Chatham N/A N/A 1.20 N/A N/A N/A 1.60 N/A</u></div>
<div><u>Brigden N/A N/A 1.20 N/A N/A N/A 1.60 N/A</u></div>
<div><u>Palmerston N/A N/A 0.96 1.70 N/A N/A 1.48 1.45</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 1.25 1.85 1.25 N/A 2.35 1.85 1.65 N/A</u></div>
<div><u>Thornton 1.11 1.49 1.05 1.28 1.67 1.67 1.55 N/A</u></div>
<div><u>North Gower N/A 1.05 1.45 1.17 N/A N/A 1.77 N/A</u></div>
<div><u>W O Feed 1.94</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.63 N/A N/A N/A 1.87 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.42 N/A N/A N/A 2.15 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.56US 9.56CA 7.60US 9.61CA</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 601.98</u></div>
<span><u>DDG's FOB Srn & Aylm 240.00 - 260.00</u></span><br>
</div>
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</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>
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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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