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Note: U.S. markets were closed for the Martin Luther King Jr. Holiday.</div>
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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, January 17</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Markets were closed for Martin Luther King Jr. Day</u></div>
<div><u>Exchange rate was 1.2523 down 0.0043</u></div>
<div><u>On Friday, Chicago corn closed slightly to moderately higher.</u></div>
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<div><u> MAR22 HI 5.98 1/4 DEC22 HI 5.61</u></div>
<div><u> LOW 5.85 1/4 LOW 5.56</u></div>
<div><u> CLOSE5.96 1/4 Up 8 3/4 CLOSE 5.58 1/4 Up 1/2</u></div>
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<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 1.20 7.16 281.98 1.05 6.63 261.11</u></div>
<div><u>CK High 1.40 7.36 289.85 1.10 6.68 263.08</u></div>
<div><u>CK Avg 1.29 -0.17 7.25 285.35 1.06 -0.28 6.64 261.39</u></div>
<div><u>Essex Cty 1.30 7.26 285.91 1.05 6.63 261.11</u></div>
<div><u>Mdsx Low 1.20 7.16 281.98 1.05 6.63 261.11</u></div>
<div><u>Mdsx High 1.30 7.26 285.91 1.05 6.63 261.11</u></div>
<div><u>Mdsx Avg 1.27 -0.19 7.23 284.60 1.05 -0.29 6.63 261.11</u></div>
<div><u>Hensall 1.30 7.26 285.91 1.07 6.65 261.77</u></div>
<div><u>Bruce 1.25 7.21 283.94 1.05 6.63 261.11</u></div>
<div><u>Putnam 1.25 7.21 283.94 1.05 6.63 261.11</u></div>
<div><u>Burford 1.20 7.16 281.98 1.05 6.63 261.11</u></div>
<div><u>Port Perry 1.25 7.21 283.94 1.10 6.68 263.08</u></div>
<div><u>Norfolk 1.30 7.26 285.91 1.05 6.63 261.11</u></div>
<div><u>Palmerston 1.25 7.21 283.94 1.05 6.63 261.11</u></div>
<div><u>Varna 1.30 7.26 285.91 1.05 6.63 261.11</u></div>
<div><u>Belmore 1.30 7.26 285.91 1.05 6.63 261.11</u></div>
<div><u>Trenton 1.35 7.31 287.88 1.10 6.68 263.08</u></div>
<div><u>Winchester 1.45 7.41 291.82 1.10 6.68 263.08</u></div>
<div><u>North Gower 1.40 7.36 289.85 1.25 6.83 268.98</u></div>
<div><u>Vankleek Hil 1.38 7.34 289.06 1.28 6.86 270.16</u></div>
<div><u>Huron FOB 1.30 1.35 1.40 1.48 7.26 285.91N/A</u></div>
<div><u>Kent FOB 1.46 7.42 292.21 1.15 6.73 265.05</u></div>
<div><u>Lamb FOB 1.45 7.41 291.82 1.10 6.68 263.08</u></div>
<div><u>Mdsx FOB N/A N/A N/A N/A 1.10 6.68 263.08</u></div>
<div><u>FOB SW Que 2.28 8.24 324.49N/A</u></div>
<div><u>Track 1.76 7.72 303.82N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.28 6.86 270.16</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.66 7.24 285.12</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 1.40 6.98 274.89</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.60 7.18 282.76</u></div>
<div><u>W O Feed 1.79 7.75 305.28</u></div>
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<div><u>US Rep 1.85 7.81 307.56</u></div>
<div><u>Toledo El. -0.26 5.70 224.38 -0.31 5.27 207.45</u></div>
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<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.15 6.73 265.05</u></div>
<div><u>Prescott 1.82 7.78 306.38 1.59 7.17 282.37</u></div>
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<div><u>HI SD CRN 1.40 7.36 1/4</u></div>
<div><u>*Wet Bid</u></div>
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<div><u>Exchange rate was 1.2523 down 0.0043</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
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<div><u> MAR22 HI 13.80 NOV22 HI 13.03 1/2</u></div>
<div><u> LOW 13.63 3/4 LOW 12.90 1/2</u></div>
<div><u> CLOSE13.69 3/4 Down 7 1/2 CLOSE 12.93 Down 11 1/2</u></div>
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<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 3.05 16.75 615.37 2.55 15.48 568.79</u></div>
<div><u>CK High 3.08 16.78 616.47 2.60 15.53 570.63</u></div>
<div><u>CK Average 3.05 -0.32 16.75 615.52 2.57 -0.56 15.50 569.37</u></div>
<div><u>Essex Cty 3.05 16.75 615.37 2.55 15.48 568.79</u></div>
<div><u>Mdsx Low 3.05 16.75 615.37 2.55 15.48 568.79</u></div>
<div><u>Mdsx High 3.07 16.77 616.10 2.55 15.48 568.79</u></div>
<div><u>Mdsx Average3.06 -0.32 16.75 615.61 2.55 -0.57 15.48 568.79</u></div>
<div><u>Hensall 3.05 16.75 615.37 2.55 15.48 568.79</u></div>
<div><u>Bruce 3.05 16.75 615.37 2.55 15.48 568.79</u></div>
<div><u>Putnam 3.05 16.75 615.37 2.55 15.48 568.79</u></div>
<div><u>Burford 3.14 16.84 618.67 2.62 15.55 571.36</u></div>
<div><u>Port Perry 3.03 16.73 614.63 2.51 15.44 567.32</u></div>
<div><u>Norfolk 3.05 16.75 615.37 2.55 15.48 568.79</u></div>
<div><u>Palmerston 3.07 16.77 616.10 2.59 15.52 570.26</u></div>
<div><u>Varna 3.05 16.75 615.37 2.55 15.48 568.79</u></div>
<div><u>Trenton 3.00 16.70 613.53 2.50 15.43 566.96</u></div>
<div><u>Winchester 3.03 16.73 614.63 2.57 15.50 569.53</u></div>
<div><u>North Gower 3.10 16.80 617.20 2.85 15.78 579.82</u></div>
<div><u>Vankleek Hil3.46 17.16 630.43 2.76 15.69 576.51</u></div>
<div><u>Huron FOB 3.16 3.29 3.32 3.40 16.86 619.41 N/A</u></div>
<div><u>Kent FOB 3.25 16.95 622.71 2.55 15.48 568.79</u></div>
<div><u>Lambton FOB 3.25 16.95 622.71 2.65 15.58 572.47</u></div>
<div><u>Mdsx FOB 3.28 3.28 3.33 3.27 16.98 623.82 2.62 15.55 571.36</u></div>
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<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.69 17.39 638.88 2.86 15.79 580.18</u></div>
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<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.50 17.20 631.90 2.95 15.88 583.49</u></div>
<div><u>Prescott N/A 3.11 16.04 589.37</u></div>
<div><u>Port Colborn3.48 17.18 631.17 3.08 16.01 588.27</u></div>
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<div><u>Toledo El. -0.25 13.45 494.09 -0.50 12.43 456.69</u></div>
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<div><u>Exchange rate was 1.2523 down 0.0043</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR22 HI 7.47 1/4 JUL22 HI 7.44 1/2</u></div>
<div><u> LOW 7.37 LOW 7.36</u></div>
<div><u> CLOSE 7.41 1/2 Down 5 1/4 CLOSE 7.37 1/4 Down 5 1/4</u></div>
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<div><u>Minni wheat closed lower.</u></div>
<div><u>MAR22 HI 8.95 1/2 SEP22 HI 8.70</u></div>
<div><u> LOW 8.76 LOW 8.53 3/4</u></div>
<div><u> CLOSE 8.78 1/4 Down 17 1/4 CLOSE 8.55 1/4 Down 18 3/4</u></div>
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<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 1.40 N/A</u></div>
<div><u>London 1.10 1.35 0.92 N/A 1.66 1.60 1.35 N/A</u></div>
<div><u>Hensall 1.15 N/A 1.15 N/A 2.20 N/A 1.40 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.40 N/A</u></div>
<div><u>Bruce 1.00 1.45 1.00 N/A 2.20 1.70 1.40 1.50</u></div>
<div><u>Essex N/A N/A 0.90 N/A N/A N/A 1.30 N/A</u></div>
<div><u>Norwich 1.15 N/A 1.15 N/A 2.20 N/A 1.40 N/A</u></div>
<div><u>Port Hope N/A N/A 1.15 N/A N/A N/A 1.40 N/A</u></div>
<div><u>Kent Bridge 1.15 N/A 1.15 N/A 2.20 N/A 1.40 N/A</u></div>
<div><u>Chatham N/A N/A 0.90 N/A N/A N/A 1.30 N/A</u></div>
<div><u>Brigden N/A N/A 0.90 N/A N/A N/A 1.30 N/A</u></div>
<div><u>Palmerston N/A 1.87 1.06 1.58 N/A N/A 1.46 1.40</u></div>
<div><u>Varna 1.35 1.85 1.10 N/A 2.05 1.60 1.40 N/A</u></div>
<div><u>Mitchell 1.15 1.75 1.15 N/A 2.20 1.70 1.40 N/A</u></div>
<div><u>Thornton 1.10 1.35 0.92 1.81 1.66 1.60 1.41 N/A</u></div>
<div><u>North Gower N/A 0.90 1.30 1.07 N/A N/A 1.43 N/A</u></div>
<div><u>W O Feed 1.86</u></div>
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</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.62 N/A N/A N/A 1.73 N/A</u></div>
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<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.25 N/A N/A N/A 1.99 N/A</u></div>
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<div><u>Toledo El. 7.27US 9.10CA 7.32US 9.17CA</u></div>
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<div><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
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</u></div>
<div><u>FEED GRAINS</u></div>
<div><u>FOB Hm Soymeal 603.64</u></div>
<span><u>DDG's FOB Srn & Aylm 300.00 - 310.00</u></span><br>
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<span style="font-family: "Courier New"; font-size: 10pt;">Blair Andrews</span><o:p style="color: inherit; font-family: "Courier New"; font-size: 10pt; font-style: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-weight: inherit;"> </o:p><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: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">
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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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