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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 21</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2568 up 0.0091</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.18 1/2 DEC22 HI 5.65 3/4</u></div>
<div><u> LOW 6.04 1/4 LOW 5.57 1/4</u></div>
<div><u> CLOSE6.16 1/4 Up 5 1/4 CLOSE 5.65 1/4 Up 3</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 7.41 291.82 1.00 6.65 261.90</u></div>
<div><u>CK High 1.25 7.41 291.82 1.05 6.70 263.87</u></div>
<div><u>CK Avg 1.25 -0.26 7.41 291.82 1.04 -0.33 6.70 263.58</u></div>
<div><u>Essex Cty 1.25 7.41 291.82 1.05 6.70 263.87</u></div>
<div><u>Mdsx Low 1.25 7.41 291.82 1.00 6.65 261.90</u></div>
<div><u>Mdsx High 1.25 7.41 291.82 1.05 6.70 263.87</u></div>
<div><u>Mdsx Avg 1.25 -0.26 7.41 291.82 1.03 -0.33 6.69 263.21</u></div>
<div><u>Hensall 1.27 7.43 292.47 1.07 6.72 264.52</u></div>
<div><u>Bruce 1.25 7.41 291.82 1.05 6.70 263.87</u></div>
<div><u>Putnam 1.25 7.41 291.82 1.05 6.70 263.87</u></div>
<div><u>Burford 1.25 7.41 291.82 1.00 6.65 261.90</u></div>
<div><u>Port Perry 1.25 7.41 291.82 1.10 6.75 265.83</u></div>
<div><u>Norfolk 1.25 7.41 291.82 1.05 6.70 263.87</u></div>
<div><u>Palmerston 1.32 7.48 294.57 1.08 6.73 265.05</u></div>
<div><u>Varna 1.25 7.41 291.82 1.05 6.70 263.87</u></div>
<div><u>Belmore 1.25 7.41 291.82 1.05 6.70 263.87</u></div>
<div><u>Trenton 1.30 7.46 293.79 1.10 6.75 265.83</u></div>
<div><u>Winchester 1.45 7.61 299.69 1.25 6.90 271.74</u></div>
<div><u>North Gower 1.40 7.56 297.72 1.20 6.85 269.77</u></div>
<div><u>Vankleek Hil 1.38 7.54 296.94 1.28 6.93 272.92</u></div>
<div><u>Huron FOB 1.38 1.42 1.46 1.53 7.54 296.94N/A</u></div>
<div><u>Kent FOB 1.40 7.56 297.72 1.15 6.80 267.80</u></div>
<div><u>Lamb FOB 1.45 7.61 299.69 1.15 6.80 267.80</u></div>
<div><u>Mdsx FOB N/A N/A N/A 1.45 1.10 6.75 265.83</u></div>
<div><u>FOB SW Que 2.25 8.41 331.19N/A</u></div>
<div><u>Track 1.77 7.93 312.09N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.35 7.00 275.68</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.66 7.31 287.88</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 1.35 7.00 275.68</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.60 7.25 285.52</u></div>
<div><u>W O Feed 1.82 7.99 314.41</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.89 8.05 317.01</u></div>
<div><u>Toledo El. -0.26 5.90 232.22 -0.31 5.34 210.16</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.15 6.80 267.80</u></div>
<div><u>Prescott 1.82 7.98 314.26 1.59 7.24 285.12</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.25 7.41 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 1.2568 up 0.0091</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 14.26 NOV22 HI 13.21 3/4</u></div>
<div><u> LOW 14.05 1/4 LOW 13.05 1/2</u></div>
<div><u> CLOSE14.14 1/4 Down 11 1/2 CLOSE 13.16 1/4 Down 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 3.10 17.24 633.55 2.60 15.76 579.17</u></div>
<div><u>CK High 3.15 17.29 635.39 2.66 15.82 581.38</u></div>
<div><u>CK Average 3.14 -0.39 17.29 635.13 2.64 -0.59 15.81 580.80</u></div>
<div><u>Essex Cty 3.15 17.29 635.39 2.65 15.81 581.01</u></div>
<div><u>Mdsx Low 3.00 17.14 629.88 2.50 15.66 575.50</u></div>
<div><u>Mdsx High 3.15 17.29 635.39 2.65 15.81 581.01</u></div>
<div><u>Mdsx Average3.10 -0.43 17.24 633.43 2.60 -0.63 15.76 579.17</u></div>
<div><u>Hensall 3.15 17.29 635.39 2.65 15.81 581.01</u></div>
<div><u>Bruce 3.15 17.29 635.39 2.65 15.81 581.01</u></div>
<div><u>Putnam 3.15 17.29 635.39 2.65 15.81 581.01</u></div>
<div><u>Burford 3.21 17.35 637.60 2.72 15.88 583.58</u></div>
<div><u>Port Perry 3.10 17.24 633.55 2.61 15.77 579.54</u></div>
<div><u>Norfolk 3.15 17.29 635.39 2.65 15.81 581.01</u></div>
<div><u>Palmerston 3.11 17.25 633.92 2.57 15.73 578.07</u></div>
<div><u>Varna 3.00 17.14 629.88 2.50 15.66 575.50</u></div>
<div><u>Trenton 3.00 17.14 629.88 2.55 15.71 577.34</u></div>
<div><u>Winchester 3.24 17.38 638.70 2.70 15.86 582.85</u></div>
<div><u>North Gower 3.10 17.24 633.55 2.80 15.96 586.52</u></div>
<div><u>Vankleek Hil N/A 2.76 15.92 585.05</u></div>
<div><u>Huron FOB 3.33 3.46 3.49 3.56 17.47 642.00 N/A</u></div>
<div><u>Kent FOB 3.35 17.49 642.74 2.65 15.81 581.01</u></div>
<div><u>Lambton FOB 3.35 17.49 642.74 2.75 15.91 584.68</u></div>
<div><u>Mdsx FOB 3.42 3.42 3.48 3.42 17.56 645.31 2.77 15.93 585.42</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.87 18.01 661.85 2.97 16.13 592.77</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.60 17.74 651.93 3.05 16.21 595.71</u></div>
<div><u>Prescott N/A 3.11 16.27 597.91</u></div>
<div><u>Port Colborn3.58 17.72 651.19 3.12 16.28 598.28</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 13.89 510.41 -0.50 12.66 465.16</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2568 up 0.0091</u></div>
<div><u>Chicago wheat closed slightly to moderately lower.</u></div>
<div><u>MAR22 HI 7.91 JUL22 HI 7.82 3/4</u></div>
<div><u> LOW 7.78 LOW 7.70 1/2</u></div>
<div><u> CLOSE 7.80 Down 10 1/4 CLOSE 7.74 1/4 Down 7</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately lower.</u></div>
<div><u>MAR22 HI 9.47 SEP22 HI 9.03</u></div>
<div><u> LOW 9.29 1/2 LOW 8.93 1/4</u></div>
<div><u> CLOSE 9.36 Down 8 3/4 CLOSE 8.96 3/4 Down 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 1.21 1.46 1.02 N/A 1.75 1.69 1.44 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 1.10 1.65 1.10 N/A 2.10 1.65 1.40 1.50</u></div>
<div><u>Essex N/A N/A 1.05 N/A N/A N/A 1.40 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 1.05 N/A N/A N/A 1.40 N/A</u></div>
<div><u>Brigden N/A N/A 1.05 N/A N/A N/A 1.40 N/A</u></div>
<div><u>Palmerston N/A 2.00 1.19 1.76 N/A N/A 1.57 1.55</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 1.21 1.46 1.02 1.72 1.75 1.69 1.50 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 1.96</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.72 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 2.38 N/A N/A N/A 2.12 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.65US 9.61CA 7.69US 9.67CA</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 589.42</u></div>
<u><span>DDG's FOB Srn & Aylm 300.00 - 310.00</span><br>
</u></div>
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<span style="font-size:10.0pt;font-family:"Courier New"">Blair Andrews<o:p> </o:p></span></p>
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<span style="font-size:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
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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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