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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, January 4</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 1.271 down 0.0043</u></div>
<div><u>Chicago corn closed moderately higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.11 1/4 DEC22 HI 5.56 1/4</u></div>
<div><u> LOW 5.91 1/2 LOW 5.48</u></div>
<div><u> CLOSE6.09 1/2 Up 20 1/4 CLOSE 5.55 3/4 Up 8 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 7.45 293.10 1.05 6.61 260.13</u></div>
<div><u>CK High 1.40 7.50 295.07 1.10 6.66 262.09</u></div>
<div><u>CK Avg 1.38 -0.21 7.47 294.22 1.09 -0.33 6.65 261.81</u></div>
<div><u>Essex Cty 1.40 7.50 295.07 1.10 6.66 262.09</u></div>
<div><u>Mdsx Low 1.35 7.45 293.10 1.05 6.61 260.13</u></div>
<div><u>Mdsx High 1.40 7.50 295.07 1.10 6.66 262.09</u></div>
<div><u>Mdsx Avg 1.38 -0.21 7.48 294.41 1.08 -0.33 6.64 261.44</u></div>
<div><u>Hensall 1.37 7.46 293.75 1.12 6.67 262.75</u></div>
<div><u>Bruce 1.35 7.45 293.10 1.10 6.66 262.09</u></div>
<div><u>Putnam 1.35 7.45 293.10 1.10 6.66 262.09</u></div>
<div><u>Burford 1.35 7.45 293.10 1.05 6.61 260.13</u></div>
<div><u>Port Perry 1.35 7.45 293.10 1.10 6.66 262.09</u></div>
<div><u>Norfolk 1.40 7.50 295.07 1.10 6.66 262.09</u></div>
<div><u>Palmerston 1.40 7.50 295.07 1.08 6.64 261.31</u></div>
<div><u>Varna 1.35 7.45 293.10 1.05 6.61 260.13</u></div>
<div><u>Belmore 1.40 7.50 295.07 1.10 6.66 262.09</u></div>
<div><u>Trenton 1.40 7.50 295.07 1.15 6.71 264.06</u></div>
<div><u>Winchester 1.45 7.55 297.03 1.10 6.66 262.09</u></div>
<div><u>North Gower 1.45 7.55 297.03 1.30 6.86 269.97</u></div>
<div><u>Vankleek Hil 1.52 7.62 299.79 1.28 6.84 269.18</u></div>
<div><u>Huron FOB 1.41 1.50 1.57 1.62 7.51 295.46N/A</u></div>
<div><u>Kent FOB 1.55 7.65 300.97 1.25 6.81 268.00</u></div>
<div><u>Lamb FOB 1.60 7.70 302.94 1.20 6.76 266.03</u></div>
<div><u>Mdsx FOB 1.50 1.55 1.60 1.65 7.60 299.00 1.20 6.76 266.03</u></div>
<div><u>FOB SW Que 2.45 8.55 336.40N/A</u></div>
<div><u>Track 1.91 8.00 314.95N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.40 6.96 273.90</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.65 7.21 283.75</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 7.01 275.87</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.65 7.21 283.75</u></div>
<div><u>W O Feed 1.93 8.02 315.77</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.97 8.07 317.51</u></div>
<div><u>Toledo El. -0.27 5.83 229.44 -0.32 5.24 206.28</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.50 7.60 299.00 1.25 6.81 268.00</u></div>
<div><u>Prescott 2.16 8.26 324.98 1.69 7.25 285.32</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 7.49 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 1.271 down 0.0043</u></div>
<div><u>Chicago soybeans closed slightly higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 13.92 1/4 NOV22 HI 13.01 1/4</u></div>
<div><u> LOW 13.55 1/2 LOW 12.80</u></div>
<div><u> CLOSE13.89 3/4 Up 34 1/4 CLOSE 12.99 1/2 Up 15 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 +MAR22+MAR22+MAY22</u></div>
<div><u>CK Low 3.25 17.15 630.06 2.80 15.80 580.37</u></div>
<div><u>CK High 3.35 17.25 633.74 2.90 15.90 584.04</u></div>
<div><u>CK Average 3.30 -0.37 17.20 631.90 2.83 -0.55 15.82 581.42</u></div>
<div><u>Essex Cty 3.30 17.20 631.90 2.80 15.80 580.37</u></div>
<div><u>Mdsx Low 3.29 17.19 631.53 2.80 15.80 580.37</u></div>
<div><u>Mdsx High 3.30 17.20 631.90 2.84 15.84 581.84</u></div>
<div><u>Mdsx Average3.30 -0.37 17.19 631.78 2.81 -0.56 15.81 580.86</u></div>
<div><u>Hensall 3.30 17.20 631.90 2.80 15.80 580.37</u></div>
<div><u>Bruce 3.30 17.20 631.90 2.80 15.80 580.37</u></div>
<div><u>Putnam 3.30 17.20 631.90 2.80 15.80 580.37</u></div>
<div><u>Burford 3.36 17.26 634.10 2.91 15.91 584.41</u></div>
<div><u>Port Perry 3.24 17.14 629.70 2.79 15.79 580.00</u></div>
<div><u>Norfolk 3.35 17.25 633.74 2.80 15.80 580.37</u></div>
<div><u>Palmerston 3.38 17.28 634.84 2.79 15.79 580.00</u></div>
<div><u>Varna 3.20 17.10 628.23 2.70 15.70 576.69</u></div>
<div><u>Trenton 3.25 17.15 630.06 2.75 15.75 578.53</u></div>
<div><u>Winchester 3.34 17.24 633.37 2.87 15.87 582.94</u></div>
<div><u>North Gower 3.10 17.00 624.55 3.00 16.00 587.72</u></div>
<div><u>Vankleek Hil3.62 17.52 643.66 3.01 16.01 588.08</u></div>
<div><u>Huron FOB 3.38 3.57 3.57 3.61 17.28 634.84 N/A</u></div>
<div><u>Kent FOB 3.55 17.45 641.09 2.80 15.80 580.37</u></div>
<div><u>Lambton FOB 3.54 17.44 640.72 2.85 15.85 582.20</u></div>
<div><u>Mdsx FOB 3.29 3.55 3.66 3.59 17.19 631.53 2.94 15.94 585.51</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.98 17.88 656.89 3.10 16.10 591.39</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.85 17.75 652.11 3.20 16.20 595.06</u></div>
<div><u>Prescott N/A 3.37 16.37 601.31</u></div>
<div><u>Port Colborn3.64 17.54 644.39 3.35 16.35 600.58</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 13.64 501.31 -0.51 12.49 458.80</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.271 down 0.0043</u></div>
<div><u>Chicago wheat closed moderately higher.</u></div>
<div><u>MAR22 HI 7.71 1/2 JUL22 HI 7.66 3/4</u></div>
<div><u> LOW 7.56 1/4 LOW 7.52 1/2</u></div>
<div><u> CLOSE 7.70 Up 12 CLOSE 7.66 1/4 Up 11 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>MAR22 HI 9.76 3/4 SEP22 HI 9.09</u></div>
<div><u> LOW 9.61 1/2 LOW 8.95</u></div>
<div><u> CLOSE 9.70 1/2 Up 2 3/4 CLOSE 9.03 1/2 Up 7 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 1.25 N/A N/A N/A 1.65 N/A</u></div>
<div><u>London 1.08 1.46 1.01 N/A 1.63 1.63 1.51 N/A</u></div>
<div><u>Hensall 1.25 N/A 1.25 N/A 2.25 N/A 1.65 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.65 N/A</u></div>
<div><u>Bruce 1.20 1.45 1.20 N/A 2.20 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 2.25 N/A 1.65 N/A</u></div>
<div><u>Port Hope N/A N/A 1.25 N/A N/A N/A 1.65 N/A</u></div>
<div><u>Kent Bridge 1.25 N/A 1.25 N/A 2.25 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 1.74 N/A N/A 1.55 1.51</u></div>
<div><u>Varna 1.45 1.95 1.20 N/A 2.30 1.85 1.65 N/A</u></div>
<div><u>Mitchell 1.25 1.85 1.25 N/A 2.25 1.85 1.65 N/A</u></div>
<div><u>Thornton 1.08 1.46 1.01 1.41 1.63 1.63 1.51 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 1.98</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.59 N/A N/A N/A 1.83 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. 7.55US 9.60CA 7.61US 9.68CA</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 616.97</u></div>
<u><span>DDG's FOB Srn & Aylm 240.00 - 260.00</span><br>
</u></div>
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<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
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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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