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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 12</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2504 down 0.0079</u></div>
<div><u>Chicago corn closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.04 DEC22 HI 5.59 1/2</u></div>
<div><u> LOW 5.91 LOW 5.49</u></div>
<div><u> CLOSE5.99 Down 2 CLOSE 5.58 1/4 Up 3/4</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 1.30 7.29 286.99 1.05 6.63 261.11</u></div>
<div><u>CK High 1.40 7.39 290.93 1.10 6.68 263.08</u></div>
<div><u>CK Avg 1.31 -0.15 7.30 287.56 1.06 -0.28 6.64 261.39</u></div>
<div><u>Essex Cty 1.30 7.29 286.99 1.05 6.63 261.11</u></div>
<div><u>Mdsx Low 1.30 7.29 286.99 1.05 6.63 261.11</u></div>
<div><u>Mdsx High 1.30 7.29 286.99 1.05 6.63 261.11</u></div>
<div><u>Mdsx Avg 1.30 -0.16 7.29 286.99 1.05 -0.28 6.63 261.11</u></div>
<div><u>Hensall 1.32 7.31 287.65 1.07 6.65 261.77</u></div>
<div><u>Bruce 1.30 7.29 286.99 1.10 6.68 263.08</u></div>
<div><u>Putnam 1.30 7.29 286.99 1.05 6.63 261.11</u></div>
<div><u>Burford 1.30 7.29 286.99 1.05 6.63 261.11</u></div>
<div><u>Port Perry 1.30 7.29 286.99 1.10 6.68 263.08</u></div>
<div><u>Norfolk 1.30 7.29 286.99 1.05 6.63 261.11</u></div>
<div><u>Palmerston 1.31 7.30 287.39 1.04 6.62 260.72</u></div>
<div><u>Varna 1.30 7.29 286.99 1.05 6.63 261.11</u></div>
<div><u>Belmore 1.35 7.34 288.96 1.10 6.68 263.08</u></div>
<div><u>Trenton 1.40 7.39 290.93 1.10 6.68 263.08</u></div>
<div><u>Winchester 1.45 7.44 292.90 1.10 6.68 263.08</u></div>
<div><u>North Gower 1.40 7.39 290.93 1.25 6.83 268.98</u></div>
<div><u>Vankleek Hil 1.38 7.37 290.14 1.28 6.86 270.16</u></div>
<div><u>Huron FOB 1.33 1.38 1.44 1.51 7.32 288.18N/A</u></div>
<div><u>Kent FOB 1.46 7.45 293.29 1.15 6.73 265.05</u></div>
<div><u>Lamb FOB 1.45 7.44 292.90 1.10 6.68 263.08</u></div>
<div><u>Mdsx FOB N/A N/A N/A N/A 1.15 6.73 265.05</u></div>
<div><u>FOB SW Que 2.27 8.26 325.18N/A</u></div>
<div><u>Track 1.73 7.72 303.73N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</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 7.03 276.86</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.65 7.23 284.73</u></div>
<div><u>W O Feed 1.76 7.75 305.18</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.81 7.80 307.07</u></div>
<div><u>Toledo El. -0.26 5.73 225.48 -0.31 5.27 207.46</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb 1.50 7.49 294.87 1.25 6.83 268.98</u></div>
<div><u>Prescott 1.82 7.81 307.47 1.59 7.17 282.37</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 7.39</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2504 down 0.0079</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 14.01 NOV22 HI 13.13</u></div>
<div><u> LOW 13.66 1/2 LOW 12.80</u></div>
<div><u> CLOSE13.99 1/4 Up 12 3/4 CLOSE 13.12 1/2 Up 12 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 3.08 17.07 627.31 2.54 15.67 575.59</u></div>
<div><u>CK High 3.20 17.19 631.72 2.70 15.83 581.47</u></div>
<div><u>CK Average 3.13 -0.30 17.12 628.99 2.63 -0.54 15.75 578.79</u></div>
<div><u>Essex Cty 3.10 17.09 628.04 2.60 15.73 577.79</u></div>
<div><u>Mdsx Low 3.07 17.06 626.94 2.53 15.66 575.22</u></div>
<div><u>Mdsx High 3.30 17.29 635.39 2.75 15.88 583.31</u></div>
<div><u>Mdsx Average3.16 -0.28 17.15 630.12 2.63 -0.54 15.75 578.77</u></div>
<div><u>Hensall 3.15 17.14 629.88 2.63 15.76 579.02</u></div>
<div><u>Bruce 3.15 17.14 629.88 2.65 15.78 579.63</u></div>
<div><u>Putnam 3.15 17.14 629.88 2.65 15.78 579.63</u></div>
<div><u>Burford 3.14 17.13 629.51 2.60 15.73 577.79</u></div>
<div><u>Port Perry 3.03 17.02 625.47 2.49 15.62 573.75</u></div>
<div><u>Norfolk 3.10 17.09 628.04 2.60 15.73 577.79</u></div>
<div><u>Palmerston 3.13 17.12 629.14 2.62 15.75 578.53</u></div>
<div><u>Varna 3.15 17.14 629.88 2.60 15.73 577.79</u></div>
<div><u>Trenton 3.20 17.19 631.72 2.70 15.83 581.47</u></div>
<div><u>Winchester 3.27 17.26 634.29 2.78 15.91 584.41</u></div>
<div><u>North Gower 3.10 17.09 628.04 2.90 16.03 588.82</u></div>
<div><u>Vankleek Hil3.51 17.50 643.11 2.76 15.89 583.67</u></div>
<div><u>Huron FOB 3.21 3.33 3.37 3.45 17.20 632.08 N/A</u></div>
<div><u>Kent FOB 3.30 17.29 635.39 2.60 15.73 577.79</u></div>
<div><u>Lambton FOB 3.25 17.24 633.55 2.70 15.83 581.47</u></div>
<div><u>Mdsx FOB 3.32 3.32 3.38 3.32 17.31 636.13 2.65 15.78 579.63</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.73 17.72 651.19 2.87 16.00 587.72</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.60 17.59 646.41 3.05 16.18 594.33</u></div>
<div><u>Prescott N/A 3.11 16.24 596.53</u></div>
<div><u>Port Colborn3.48 17.47 642.00 3.07 16.20 595.06</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 13.74 504.95 -0.50 12.62 463.87</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2504 down 0.0079</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>MAR22 HI 7.70 JUL22 HI 7.69</u></div>
<div><u> LOW 7.53 1/2 LOW 7.52 1/4</u></div>
<div><u> CLOSE 7.57 3/4 Down 12 1/2 CLOSE 7.55 1/4 Down 14</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>MAR22 HI 9.33 SEP22 HI 8.92</u></div>
<div><u> LOW 9.14 1/2 LOW 8.80 1/2</u></div>
<div><u> CLOSE 9.20 1/2 Down 7 3/4 CLOSE 8.87 Down 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 1.15 N/A N/A N/A 1.55 N/A</u></div>
<div><u>London 1.16 1.41 0.97 N/A 1.72 1.66 1.41 N/A</u></div>
<div><u>Hensall 1.15 N/A 1.15 N/A 2.25 N/A 1.55 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.50 N/A</u></div>
<div><u>Bruce 1.00 1.45 1.00 N/A 2.20 1.75 1.55 1.50</u></div>
<div><u>Essex N/A N/A 1.00 N/A N/A N/A 1.40 N/A</u></div>
<div><u>Norwich 1.15 N/A 1.15 N/A 2.25 N/A 1.55 N/A</u></div>
<div><u>Port Hope N/A N/A 1.15 N/A N/A N/A 1.55 N/A</u></div>
<div><u>Kent Bridge 1.15 N/A 1.15 N/A 2.25 N/A 1.55 N/A</u></div>
<div><u>Chatham N/A N/A 1.00 N/A N/A N/A 1.40 N/A</u></div>
<div><u>Brigden N/A N/A 1.00 N/A N/A N/A 1.40 N/A</u></div>
<div><u>Palmerston N/A N/A 1.08 1.67 N/A N/A 1.44 1.47</u></div>
<div><u>Varna 1.40 1.90 1.15 N/A 2.15 1.70 1.50 N/A</u></div>
<div><u>Mitchell 1.15 1.75 1.15 N/A 2.25 1.75 1.55 N/A</u></div>
<div><u>Thornton 1.16 1.41 0.97 1.60 1.72 1.66 1.47 N/A</u></div>
<div><u>North Gower N/A 1.00 1.40 1.12 N/A N/A 1.53 N/A</u></div>
<div><u>W O Feed 1.86</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.67 N/A N/A N/A 1.80 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.27 N/A N/A N/A 2.02 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.43US 9.29CA 7.50US 9.39CA</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 615.32</u></div>
<span><u>DDG's FOB Srn & Aylm 295.00 - 300.00</u></span><br>
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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>
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<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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