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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 5</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2751 up 0.0041</u></div>
<div><u>Chicago corn closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.09 3/4 DEC22 HI 5.55 1/2</u></div>
<div><u> LOW 6.01 1/4 LOW 5.51 1/2</u></div>
<div><u> CLOSE6.02 1/4 Down 7 1/4 CLOSE 5.54 3/4 Down 1</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 7.37 290.24 1.05 6.60 259.73</u></div>
<div><u>CK High 1.40 7.42 292.21 1.10 6.65 261.70</u></div>
<div><u>CK Avg 1.38 -0.22 7.40 291.37 1.09 -0.34 6.64 261.42</u></div>
<div><u>Essex Cty 1.40 7.42 292.21 1.10 6.65 261.70</u></div>
<div><u>Mdsx Low 1.35 7.37 290.24 1.05 6.60 259.73</u></div>
<div><u>Mdsx High 1.40 7.42 292.21 1.10 6.65 261.70</u></div>
<div><u>Mdsx Avg 1.38 -0.21 7.41 291.55 1.08 -0.35 6.63 261.04</u></div>
<div><u>Hensall 1.37 7.39 290.90 1.12 6.66 262.36</u></div>
<div><u>Bruce 1.35 7.37 290.24 1.10 6.65 261.70</u></div>
<div><u>Putnam 1.35 7.37 290.24 1.10 6.65 261.70</u></div>
<div><u>Burford 1.35 7.37 290.24 1.05 6.60 259.73</u></div>
<div><u>Port Perry 1.35 7.37 290.24 1.10 6.65 261.70</u></div>
<div><u>Norfolk 1.40 7.42 292.21 1.10 6.65 261.70</u></div>
<div><u>Palmerston 1.40 7.42 292.21 1.09 6.64 261.31</u></div>
<div><u>Varna 1.35 7.37 290.24 1.10 6.65 261.70</u></div>
<div><u>Belmore 1.35 7.37 290.24 1.10 6.65 261.70</u></div>
<div><u>Trenton 1.40 7.42 292.21 1.15 6.70 263.67</u></div>
<div><u>Winchester 1.45 7.47 294.18 1.10 6.65 261.70</u></div>
<div><u>North Gower 1.45 7.47 294.18 1.30 6.85 269.57</u></div>
<div><u>Vankleek Hil 1.53 7.55 297.33 1.30 6.85 269.57</u></div>
<div><u>Huron FOB 1.44 1.54 1.59 1.64 7.46 293.79N/A</u></div>
<div><u>Kent FOB 1.58 7.60 299.30 1.25 6.80 267.61</u></div>
<div><u>Lamb FOB 1.60 7.62 300.08 1.20 6.75 265.64</u></div>
<div><u>Mdsx FOB 1.50 1.55 1.60 1.65 7.52 296.15 1.20 6.75 265.64</u></div>
<div><u>FOB SW Que 2.45 8.47 333.55N/A</u></div>
<div><u>Track 1.88 7.90 310.91N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.40 6.95 273.51</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.65 7.20 283.35</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 7.00 275.48</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.65 7.20 283.35</u></div>
<div><u>W O Feed 1.94 7.96 313.47</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.97 7.99 314.65</u></div>
<div><u>Toledo El. -0.27 5.75 226.55 -0.32 5.23 205.84</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.50 7.52 296.15 1.25 6.80 267.61</u></div>
<div><u>Prescott 2.16 8.18 322.13 1.72 7.27 286.11</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 7.42 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 1.2751 up 0.0041</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 13.99 NOV22 HI 13.04 3/4</u></div>
<div><u> LOW 13.81 1/2 LOW 12.90 1/4</u></div>
<div><u> CLOSE13.94 3/4 Up 5 CLOSE 13.04 Up 4 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 3.33 17.28 634.84 2.78 15.82 581.29</u></div>
<div><u>CK High 3.40 17.35 637.41 2.90 15.94 585.69</u></div>
<div><u>CK Average 3.35 -0.38 17.30 635.73 2.83 -0.61 15.87 582.97</u></div>
<div><u>Essex Cty 3.35 17.30 635.57 2.80 15.84 582.02</u></div>
<div><u>Mdsx Low 3.30 17.25 633.74 2.80 15.84 582.02</u></div>
<div><u>Mdsx High 3.37 17.32 636.31 2.82 15.86 582.76</u></div>
<div><u>Mdsx Average3.34 -0.39 17.29 635.21 2.81 -0.62 15.85 582.27</u></div>
<div><u>Hensall 3.35 17.30 635.57 2.80 15.84 582.02</u></div>
<div><u>Bruce 3.30 17.25 633.74 2.80 15.84 582.02</u></div>
<div><u>Putnam 3.35 17.30 635.57 2.80 15.84 582.02</u></div>
<div><u>Burford 3.44 17.39 638.88 2.89 15.93 585.33</u></div>
<div><u>Port Perry 3.32 17.27 634.47 2.77 15.81 580.92</u></div>
<div><u>Norfolk 3.35 17.30 635.57 2.80 15.84 582.02</u></div>
<div><u>Palmerston 3.38 17.33 636.68 2.85 15.89 583.86</u></div>
<div><u>Varna 3.35 17.30 635.57 2.80 15.84 582.02</u></div>
<div><u>Trenton 3.35 17.30 635.57 2.80 15.84 582.02</u></div>
<div><u>Winchester 3.38 17.33 636.68 2.87 15.91 584.59</u></div>
<div><u>North Gower 3.10 17.05 626.39 3.00 16.04 589.37</u></div>
<div><u>Vankleek Hil3.71 17.66 648.80 3.07 16.11 591.94</u></div>
<div><u>Huron FOB 3.48 3.67 3.67 3.72 17.43 640.35 N/A</u></div>
<div><u>Kent FOB 3.55 17.50 642.92 2.80 15.84 582.02</u></div>
<div><u>Lambton FOB 3.55 17.50 642.92 2.85 15.89 583.86</u></div>
<div><u>Mdsx FOB 3.62 3.62 3.68 3.61 17.57 645.50 2.91 15.95 586.06</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.02 17.97 660.19 3.12 16.16 593.78</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.85 17.80 653.95 3.20 16.24 596.72</u></div>
<div><u>Prescott N/A 3.43 16.47 605.17</u></div>
<div><u>Port Colborn3.72 17.67 649.17 3.33 16.37 601.49</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 13.69 503.11 -0.51 12.53 460.38</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2751 up 0.0041</u></div>
<div><u>Chicago wheat closed moderately lower to steady.</u></div>
<div><u>MAR22 HI 7.71 1/2 JUL22 HI 7.67</u></div>
<div><u> LOW 7.56 LOW 7.53 3/4</u></div>
<div><u> CLOSE 7.60 3/4 Down 9 1/4 CLOSE 7.61 Down 5 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower to lower.</u></div>
<div><u>MAR22 HI 9.75 1/4 SEP22 HI 9.03</u></div>
<div><u> LOW 9.44 3/4 LOW 8.87</u></div>
<div><u> CLOSE 9.48 1/4 Down 22 1/4 CLOSE 8.90 Down 13 1/2</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 1.04 1.42 0.98 N/A 1.61 1.61 1.48 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 1.71 N/A N/A 1.56 1.50</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 2.25 1.85 1.65 N/A</u></div>
<div><u>Thornton 1.04 1.42 0.98 1.53 1.61 1.61 1.48 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 1.98</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.56 N/A N/A N/A 1.81 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.48 N/A N/A N/A 2.23 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.46US 9.51CA 7.56US 9.65CA</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 615.54</u></div>
<u><span>DDG's FOB Srn & Aylm 240.00 - 260.00</span><br>
</u></div>
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<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: 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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