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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, January 3</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2753 up 0.0108</u></div>
<div><u>Chicago corn closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.03 1/2 DEC22 HI 5.52 1/2</u></div>
<div><u> LOW 5.84 3/4 LOW 5.42 1/2</u></div>
<div><u> CLOSE5.89 1/4 Down 4 CLOSE 5.47 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+MAY22+MAY22</u></div>
<div><u>CK Low 1.35 7.24 285.12 1.05 6.53 256.88</u></div>
<div><u>CK High 1.40 7.29 287.09 1.10 6.58 258.85</u></div>
<div><u>CK Avg 1.39 -0.18 7.29 286.81 1.09 -0.33 6.57 258.57</u></div>
<div><u>Essex Cty 1.40 7.29 287.09 1.10 6.58 258.85</u></div>
<div><u>Mdsx Low 1.35 7.24 285.12 1.05 6.53 256.88</u></div>
<div><u>Mdsx High 1.40 7.29 287.09 1.10 6.58 258.85</u></div>
<div><u>Mdsx Avg 1.38 -0.19 7.28 286.44 1.08 -0.33 6.56 258.19</u></div>
<div><u>Hensall 1.38 7.28 286.44 1.08 6.56 258.19</u></div>
<div><u>Bruce 1.40 7.29 287.09 1.10 6.58 258.85</u></div>
<div><u>Putnam 1.40 7.29 287.09 1.10 6.58 258.85</u></div>
<div><u>Burford 1.35 7.24 285.12 1.05 6.53 256.88</u></div>
<div><u>Port Perry 1.35 7.24 285.12 1.10 6.58 258.85</u></div>
<div><u>Norfolk 1.40 7.29 287.09 1.10 6.58 258.85</u></div>
<div><u>Palmerston 1.36 7.25 285.52 1.07 6.55 257.67</u></div>
<div><u>Varna 1.40 7.29 287.09 1.10 6.58 258.85</u></div>
<div><u>Belmore 1.40 7.29 287.09 1.10 6.58 258.85</u></div>
<div><u>Trenton 1.45 7.34 289.06 1.15 6.63 260.81</u></div>
<div><u>Winchester 1.45 7.34 289.06 1.10 6.58 258.85</u></div>
<div><u>North Gower 1.45 7.34 289.06 1.30 6.78 266.72</u></div>
<div><u>Vankleek Hil 1.50 7.39 291.03 1.28 6.76 265.93</u></div>
<div><u>Huron FOB 1.43 1.50 1.57 1.63 7.32 288.27N/A</u></div>
<div><u>Kent FOB 1.55 7.44 293.00 1.25 6.73 264.75</u></div>
<div><u>Lamb FOB 1.60 7.49 294.97 1.20 6.68 262.78</u></div>
<div><u>Mdsx FOB 1.50 1.55 1.60 1.65 7.39 291.03 1.15 6.63 260.81</u></div>
<div><u>FOB SW Que 2.45 8.34 328.43N/A</u></div>
<div><u>Track 1.88 7.77 305.99N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.34 6.82 268.29</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.59 7.07 278.14</u></div>
<div><u>Aylmer-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Sarn-Eth N/A N/A 1.55 1.60 N/A</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.45 6.93 272.63</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.65 7.13 280.50</u></div>
<div><u>W O Feed 1.90 7.79 306.78</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.94 7.83 308.35</u></div>
<div><u>Toledo El. -0.27 5.62 221.43 -0.32 5.16 202.99</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.50 7.39 291.03 1.25 6.73 264.75</u></div>
<div><u>Prescott 2.13 8.02 315.83 1.70 7.18 282.47</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 7.29 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 1.2753 up 0.0108</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 13.68 1/2 NOV22 HI 12.89 1/2</u></div>
<div><u> LOW 13.42 LOW 12.74</u></div>
<div><u> CLOSE13.55 1/2 Up 16 1/4 CLOSE 12.83 3/4 Up 14 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 16.72 614.17 2.80 15.64 574.58</u></div>
<div><u>CK High 3.40 16.96 622.99 2.90 15.74 578.25</u></div>
<div><u>CK Average 3.29 -0.34 16.85 619.11 2.83 -0.55 15.67 575.84</u></div>
<div><u>Essex Cty 3.30 16.86 619.32 2.80 15.64 574.58</u></div>
<div><u>Mdsx Low 3.20 16.76 615.64 2.80 15.64 574.58</u></div>
<div><u>Mdsx High 3.35 16.91 621.15 2.88 15.72 577.52</u></div>
<div><u>Mdsx Average3.28 -0.35 16.84 618.70 2.84 -0.54 15.68 576.17</u></div>
<div><u>Hensall 3.23 16.79 616.87 2.73 15.57 572.13</u></div>
<div><u>Bruce 3.30 16.86 619.32 2.80 15.64 574.58</u></div>
<div><u>Putnam 3.30 16.86 619.32 2.80 15.64 574.58</u></div>
<div><u>Burford 3.27 16.83 618.21 2.95 15.79 580.09</u></div>
<div><u>Port Perry 3.15 16.71 613.80 2.83 15.67 575.68</u></div>
<div><u>Norfolk 3.35 16.91 621.15 2.80 15.64 574.58</u></div>
<div><u>Palmerston 3.21 16.77 616.01 2.73 15.57 572.01</u></div>
<div><u>Varna 3.30 16.86 619.32 2.85 15.69 576.42</u></div>
<div><u>Trenton 3.30 16.86 619.32 2.85 15.69 576.42</u></div>
<div><u>Winchester 3.40 16.96 622.99 2.91 15.75 578.62</u></div>
<div><u>North Gower 3.10 16.66 611.97 3.00 15.84 581.93</u></div>
<div><u>Vankleek Hil3.13 16.69 613.07 3.01 15.85 582.30</u></div>
<div><u>Huron FOB 3.37 3.56 3.56 3.61 16.93 621.89 N/A</u></div>
<div><u>Kent FOB 3.55 17.11 628.50 2.80 15.64 574.58</u></div>
<div><u>Lambton FOB 3.59 17.15 629.97 2.85 15.69 576.42</u></div>
<div><u>Mdsx FOB 3.20 3.46 3.52 3.46 16.76 615.64 2.94 15.78 579.72</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.99 17.55 644.67 3.14 15.98 587.07</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.85 17.41 639.52 3.20 16.04 589.28</u></div>
<div><u>Prescott N/A 3.37 16.21 595.52</u></div>
<div><u>Port Colborn3.55 17.11 628.50 3.35 16.19 594.79</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 13.30 488.69 -0.51 12.33 452.95</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2753 up 0.0108</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>MAR22 HI 7.82 1/4 JUL22 HI 7.74 1/2</u></div>
<div><u> LOW 7.52 3/4 LOW 7.50 3/4</u></div>
<div><u> CLOSE 7.58 Down 12 3/4 CLOSE 7.55 Down 9 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>MAR22 HI 9.94 SEP22 HI 9.11</u></div>
<div><u> LOW 9.64 3/4 LOW 8.93 1/4</u></div>
<div><u> CLOSE 9.67 3/4 Down 14 1/4 CLOSE 8.95 3/4 Down 12 3/4</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 1.15 N/A N/A N/A 1.55 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 1.15 N/A N/A N/A 1.55 N/A</u></div>
<div><u>Brigden N/A N/A 1.15 N/A N/A N/A 1.55 N/A</u></div>
<div><u>Palmerston N/A N/A 1.00 1.77 N/A N/A 1.55 1.52</u></div>
<div><u>Varna 1.50 2.00 1.25 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 1.29 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 1.78 N/A</u></div>
<div><u>W O Feed 1.99</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 2.47 N/A N/A N/A 2.21 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.43US 9.48CA 7.50US 9.57CA</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 615.43</u></div>
<div><u style="color: inherit; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-weight: inherit;">DDG's FOB Srn & Aylm 240.00 - 260.00</u><br>
</div>
<div><u style="color: inherit; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-weight: inherit;"><br>
</u></div>
<div><span style="color: inherit; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-weight: inherit;"><br>
</span></div>
<div><span style="color: inherit; font-family: inherit; font-size: inherit; font-style: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-weight: inherit;">
<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>
<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"">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>
<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"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
</span><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"">Tel. 519-674-1500 x 63577
<o:p> </o:p></span></p>
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<span style="font-size: 10pt; font-family: "Courier New";">Fax. 519-674-1530<br>
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