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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, January 18</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2521 down 0.0002</u></div>
<div><u>Chicago corn closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.00 3/4 DEC22 HI 5.59 1/4</u></div>
<div><u> LOW 5.88 1/4 LOW 5.54 3/4</u></div>
<div><u> CLOSE5.99 1/2 Up 3 1/4 CLOSE 5.57 3/4 Down 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 1.20 7.20 283.25 1.05 6.63 260.91</u></div>
<div><u>CK High 1.40 7.40 291.13 1.10 6.68 262.88</u></div>
<div><u>CK Avg 1.29 -0.18 7.28 286.63 1.06 -0.29 6.63 261.19</u></div>
<div><u>Essex Cty 1.30 7.30 287.19 1.05 6.63 260.91</u></div>
<div><u>Mdsx Low 1.20 7.20 283.25 1.05 6.63 260.91</u></div>
<div><u>Mdsx High 1.30 7.30 287.19 1.05 6.63 260.91</u></div>
<div><u>Mdsx Avg 1.27 -0.20 7.26 285.88 1.05 -0.29 6.63 260.91</u></div>
<div><u>Hensall 1.28 7.28 286.54 1.07 6.64 261.57</u></div>
<div><u>Bruce 1.25 7.25 285.22 1.05 6.63 260.91</u></div>
<div><u>Putnam 1.25 7.25 285.22 1.05 6.63 260.91</u></div>
<div><u>Burford 1.20 7.20 283.25 1.05 6.63 260.91</u></div>
<div><u>Port Perry 1.25 7.25 285.22 1.10 6.68 262.88</u></div>
<div><u>Norfolk 1.30 7.30 287.19 1.05 6.63 260.91</u></div>
<div><u>Palmerston 1.26 7.26 285.62 1.05 6.63 260.91</u></div>
<div><u>Varna 1.30 7.30 287.19 1.05 6.63 260.91</u></div>
<div><u>Belmore 1.25 7.25 285.22 1.05 6.63 260.91</u></div>
<div><u>Trenton 1.35 7.35 289.16 1.10 6.68 262.88</u></div>
<div><u>Winchester 1.45 7.45 293.10 1.10 6.68 262.88</u></div>
<div><u>North Gower 1.40 7.40 291.13 1.20 6.78 266.82</u></div>
<div><u>Vankleek Hil 1.38 7.38 290.34 1.28 6.86 269.97</u></div>
<div><u>Huron FOB 1.30 1.34 1.39 1.46 7.30 287.19N/A</u></div>
<div><u>Kent FOB 1.45 7.45 293.10 1.15 6.73 264.85</u></div>
<div><u>Lamb FOB 1.45 7.45 293.10 1.15 6.73 264.85</u></div>
<div><u>Mdsx FOB N/A N/A N/A 1.45 1.10 6.68 262.88</u></div>
<div><u>FOB SW Que 2.37 8.37 329.32N/A</u></div>
<div><u>Track 1.74 7.73 304.32N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.28 6.86 269.97</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.66 7.24 284.93</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 6.98 274.69</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.60 7.18 282.57</u></div>
<div><u>W O Feed 1.78 7.77 305.93</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.83 7.83 308.06</u></div>
<div><u>Toledo El. -0.26 5.73 225.66 -0.31 5.26 207.23</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.15 6.73 264.85</u></div>
<div><u>Prescott 1.82 7.82 307.66 1.59 7.17 282.17</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.40 7.39 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 1.2521 down 0.0002</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 13.68 3/4 NOV22 HI 12.93 1/4</u></div>
<div><u> LOW 13.49 3/4 LOW 12.76</u></div>
<div><u> CLOSE13.61 1/4 Down 8 1/2 CLOSE 12.84 Down 9</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 3.00 16.61 610.40 2.49 15.33 563.28</u></div>
<div><u>CK High 3.05 16.66 612.24 2.60 15.44 567.32</u></div>
<div><u>CK Average 3.01 -0.33 16.63 610.93 2.52 -0.60 15.36 564.38</u></div>
<div><u>Essex Cty 3.00 16.61 610.40 2.50 15.34 563.65</u></div>
<div><u>Mdsx Low 2.99 16.60 610.04 2.48 15.32 562.91</u></div>
<div><u>Mdsx High 3.05 16.66 612.24 2.55 15.39 565.49</u></div>
<div><u>Mdsx Average3.01 -0.33 16.63 610.89 2.51 -0.60 15.35 564.02</u></div>
<div><u>Hensall 3.03 16.65 611.63 2.53 15.37 564.87</u></div>
<div><u>Bruce 3.05 16.66 612.24 2.55 15.39 565.49</u></div>
<div><u>Putnam 3.00 16.61 610.40 2.50 15.34 563.65</u></div>
<div><u>Burford 3.06 16.67 612.61 2.55 15.39 565.49</u></div>
<div><u>Port Perry 2.95 16.56 608.57 2.44 15.28 561.44</u></div>
<div><u>Norfolk 3.00 16.61 610.40 2.50 15.34 563.65</u></div>
<div><u>Palmerston 3.07 16.68 612.98 2.60 15.44 567.32</u></div>
<div><u>Varna 3.05 16.66 612.24 2.55 15.39 565.49</u></div>
<div><u>Trenton 3.00 16.61 610.40 2.55 15.39 565.49</u></div>
<div><u>Winchester 3.06 16.67 612.61 2.62 15.46 568.06</u></div>
<div><u>North Gower 3.10 16.71 614.08 2.80 15.64 574.67</u></div>
<div><u>Vankleek Hil N/A 2.76 15.60 573.20</u></div>
<div><u>Huron FOB 3.12 3.24 3.28 3.36 16.73 614.81 N/A</u></div>
<div><u>Kent FOB 3.20 16.81 617.75 2.50 15.34 563.65</u></div>
<div><u>Lambton FOB 3.25 16.86 619.59 2.65 15.49 569.16</u></div>
<div><u>Mdsx FOB 3.12 3.24 3.30 3.24 16.73 614.81 2.61 15.45 567.69</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.72 17.33 636.86 2.89 15.73 577.98</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.45 17.06 626.94 2.90 15.74 578.35</u></div>
<div><u>Prescott N/A 3.11 15.95 586.06</u></div>
<div><u>Port Colborn3.40 17.01 625.10 3.02 15.86 582.76</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 13.36 490.97 -0.50 12.34 453.35</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2521 down 0.0002</u></div>
<div><u>Chicago wheat closed higher.</u></div>
<div><u>MAR22 HI 7.71 1/2 JUL22 HI 7.61 3/4</u></div>
<div><u> LOW 7.41 1/4 LOW 7.37</u></div>
<div><u> CLOSE 7.69 Up 27 1/2 CLOSE 7.59 1/2 Up 22 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher to higher.</u></div>
<div><u>MAR22 HI 9.07 3/4 SEP22 HI 8.71</u></div>
<div><u> LOW 8.72 1/4 LOW 8.52</u></div>
<div><u> CLOSE 9.07 Up 28 3/4 CLOSE 8.69 3/4 Up 14 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 1.10 N/A N/A N/A 1.35 N/A</u></div>
<div><u>London 1.12 1.37 0.93 N/A 1.67 1.60 1.35 N/A</u></div>
<div><u>Hensall 1.10 N/A 1.10 N/A 2.20 N/A 1.35 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 1.10 N/A 1.10 N/A 2.20 N/A 1.35 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 1.10 N/A 1.10 N/A 2.20 N/A 1.35 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 1.94 1.13 1.65 N/A N/A 1.51 1.46</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 1.10 1.70 1.10 N/A 2.20 1.65 1.35 N/A</u></div>
<div><u>Thornton 1.12 1.37 0.93 1.81 1.67 1.60 1.42 N/A</u></div>
<div><u>North Gower N/A 0.90 1.30 1.07 N/A N/A 1.41 N/A</u></div>
<div><u>W O Feed 1.91</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 1.74 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.31 N/A N/A N/A 2.06 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.54US 9.44CA 7.55US 9.46CA</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 586.55</u></div>
<span><u>DDG's FOB Srn & Aylm 300.00 - 310.00</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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