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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 20</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2477 down 0.0021</u></div>
<div><u>Chicago corn closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.14 1/4 DEC22 HI 5.66 1/4</u></div>
<div><u> LOW 6.06 1/4 LOW 5.60 1/4</u></div>
<div><u> CLOSE6.11 Up 1/2 CLOSE 5.62 1/4 Down 2 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 1.25 7.36 289.75 1.00 6.62 260.72</u></div>
<div><u>CK High 1.30 7.41 291.72 1.05 6.67 262.68</u></div>
<div><u>CK Avg 1.26 -0.21 7.37 290.03 1.03 -0.29 6.65 261.84</u></div>
<div><u>Essex Cty 1.25 7.36 289.75 1.00 6.62 260.72</u></div>
<div><u>Mdsx Low 1.25 7.36 289.75 1.00 6.62 260.72</u></div>
<div><u>Mdsx High 1.25 7.36 289.75 1.05 6.67 262.68</u></div>
<div><u>Mdsx Avg 1.25 -0.21 7.36 289.75 1.02 -0.30 6.64 261.37</u></div>
<div><u>Hensall 1.27 7.38 290.41 1.07 6.69 263.34</u></div>
<div><u>Bruce 1.20 7.31 287.78 1.05 6.67 262.68</u></div>
<div><u>Putnam 1.25 7.36 289.75 1.05 6.67 262.68</u></div>
<div><u>Burford 1.25 7.36 289.75 1.00 6.62 260.72</u></div>
<div><u>Port Perry 1.25 7.36 289.75 1.10 6.72 264.65</u></div>
<div><u>Norfolk 1.25 7.36 289.75 1.00 6.62 260.72</u></div>
<div><u>Palmerston 1.25 7.36 289.75 1.03 6.65 261.90</u></div>
<div><u>Varna 1.25 7.36 289.75 1.05 6.67 262.68</u></div>
<div><u>Belmore 1.25 7.36 289.75 1.05 6.67 262.68</u></div>
<div><u>Trenton 1.35 7.46 293.69 1.10 6.72 264.65</u></div>
<div><u>Winchester 1.45 7.56 297.62 1.25 6.87 270.56</u></div>
<div><u>North Gower 1.40 7.51 295.66 1.20 6.82 268.59</u></div>
<div><u>Vankleek Hil 1.38 7.49 294.87 1.28 6.90 271.74</u></div>
<div><u>Huron FOB 1.33 1.37 1.42 1.48 7.44 292.90N/A</u></div>
<div><u>Kent FOB 1.40 7.51 295.66 1.10 6.72 264.65</u></div>
<div><u>Lamb FOB 1.40 7.51 295.66 1.15 6.77 266.62</u></div>
<div><u>Mdsx FOB N/A N/A N/A 1.45 1.10 6.72 264.65</u></div>
<div><u>FOB SW Que 2.17 8.28 325.97N/A</u></div>
<div><u>Track 1.69 7.80 307.07N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.28 6.90 271.74</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.66 7.28 286.70</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 N/A N/A N/A</u></div>
<div><u>London-Ing N/A N/A N/A N/A 1.40 7.02 276.46</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.60 7.22 284.34</u></div>
<div><u>W O Feed 1.75 7.86 309.36</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.82 7.93 312.19</u></div>
<div><u>Toledo El. -0.26 5.85 230.23 -0.31 5.31 209.08</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.15 6.77 266.62</u></div>
<div><u>Prescott 1.82 7.93 312.19 1.59 7.21 283.94</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 7.41</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2477 down 0.0021</u></div>
<div><u>Chicago soybeans closed slightly higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 14.29 1/2 NOV22 HI 13.25</u></div>
<div><u> LOW 13.87 1/2 LOW 12.99 1/2</u></div>
<div><u> CLOSE14.25 3/4 Up 34 1/2 CLOSE 13.20 1/4 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 3.00 17.26 634.10 2.50 15.70 576.97</u></div>
<div><u>CK High 3.10 17.36 637.78 2.60 15.80 580.64</u></div>
<div><u>CK Average 3.05 -0.39 17.31 635.89 2.54 -0.57 15.75 578.54</u></div>
<div><u>Essex Cty 3.05 17.31 635.94 2.55 15.75 578.81</u></div>
<div><u>Mdsx Low 3.00 17.26 634.10 2.50 15.70 576.97</u></div>
<div><u>Mdsx High 3.08 17.34 637.04 2.55 15.75 578.81</u></div>
<div><u>Mdsx Average3.04 -0.39 17.30 635.70 2.53 -0.58 15.73 578.07</u></div>
<div><u>Hensall 3.00 17.26 634.10 2.50 15.70 576.97</u></div>
<div><u>Bruce 3.00 17.26 634.10 2.50 15.70 576.97</u></div>
<div><u>Putnam 3.00 17.26 634.10 2.50 15.70 576.97</u></div>
<div><u>Burford 3.15 17.41 639.62 2.61 15.81 581.01</u></div>
<div><u>Port Perry 3.04 17.30 635.57 2.50 15.70 576.97</u></div>
<div><u>Norfolk 3.05 17.31 635.94 2.55 15.75 578.81</u></div>
<div><u>Palmerston 3.00 17.26 634.10 2.47 15.67 575.87</u></div>
<div><u>Varna 3.05 17.31 635.94 2.50 15.70 576.97</u></div>
<div><u>Trenton 3.00 17.26 634.10 2.55 15.75 578.81</u></div>
<div><u>Winchester 3.09 17.35 637.41 2.61 15.81 581.01</u></div>
<div><u>North Gower 3.10 17.36 637.78 2.80 16.00 587.99</u></div>
<div><u>Vankleek Hil N/A 2.76 15.96 586.52</u></div>
<div><u>Huron FOB 3.18 3.31 3.35 3.41 17.44 640.72 N/A</u></div>
<div><u>Kent FOB 3.25 17.51 643.29 2.55 15.75 578.81</u></div>
<div><u>Lambton FOB 3.25 17.51 643.29 2.65 15.85 582.48</u></div>
<div><u>Mdsx FOB 3.33 3.33 3.39 3.32 17.59 646.23 2.66 15.86 582.85</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.75 18.01 661.66 2.86 16.06 590.20</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.50 17.76 652.48 2.95 16.15 593.50</u></div>
<div><u>Prescott N/A 3.11 16.31 599.38</u></div>
<div><u>Port Colborn3.49 17.75 652.11 3.07 16.27 597.91</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 14.01 514.70 -0.50 12.70 466.79</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2477 down 0.0021</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR22 HI 8.02 3/4 JUL22 HI 7.93</u></div>
<div><u> LOW 7.83 3/4 LOW 7.76 3/4</u></div>
<div><u> CLOSE 7.90 1/4 Down 6 1/4 CLOSE 7.81 1/4 Down 6</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR22 HI 9.51 1/4 SEP22 HI 9.04 1/4</u></div>
<div><u> LOW 9.33 3/4 LOW 8.88</u></div>
<div><u> CLOSE 9.44 3/4 Up 5 CLOSE 9.01 1/2 Up 4 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 1.10 N/A N/A N/A 1.35 N/A</u></div>
<div><u>London 1.20 1.45 1.01 N/A 1.75 1.68 1.43 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 2.10 1.60 1.35 1.50</u></div>
<div><u>Essex N/A N/A 1.00 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 1.00 N/A N/A N/A 1.30 N/A</u></div>
<div><u>Brigden N/A N/A 1.00 N/A N/A N/A 1.30 N/A</u></div>
<div><u>Palmerston N/A 1.94 1.13 1.69 N/A N/A 1.49 1.48</u></div>
<div><u>Varna 1.35 1.85 1.10 N/A 2.00 1.55 1.35 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 1.20 1.45 1.01 1.73 1.75 1.68 1.50 N/A</u></div>
<div><u>North Gower N/A 0.90 1.30 1.07 N/A N/A 1.40 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 1.71 N/A N/A N/A 1.82 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.33 N/A N/A N/A 2.05 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.75US 9.67CA 7.76US 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 598.34</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:10.0pt;font-family:"Courier New"">Blair Andrews<o:p> </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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