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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, January 24</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2656 up 0.0088</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.21 1/2 DEC22 HI 5.67 3/4</u></div>
<div><u> LOW 6.09 1/4 LOW 5.57 1/4</u></div>
<div><u> CLOSE6.21 Up 4 3/4 CLOSE 5.67 1/2 Up 2 1/4</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 1.25 7.46 293.69 1.05 6.73 264.75</u></div>
<div><u>CK High 1.25 7.46 293.69 1.05 6.73 264.75</u></div>
<div><u>CK Avg 1.25 -0.32 7.46 293.69 1.05 -0.36 6.73 264.75</u></div>
<div><u>Essex Cty 1.25 7.46 293.69 1.05 6.73 264.75</u></div>
<div><u>Mdsx Low 1.25 7.46 293.69 1.05 6.73 264.75</u></div>
<div><u>Mdsx High 1.25 7.46 293.69 1.05 6.73 264.75</u></div>
<div><u>Mdsx Avg 1.25 -0.32 7.46 293.69 1.05 -0.36 6.73 264.75</u></div>
<div><u>Hensall 1.27 7.48 294.34 1.07 6.74 265.41</u></div>
<div><u>Bruce 1.25 7.46 293.69 1.05 6.73 264.75</u></div>
<div><u>Putnam 1.25 7.46 293.69 1.05 6.73 264.75</u></div>
<div><u>Burford 1.25 7.46 293.69 1.05 6.73 264.75</u></div>
<div><u>Port Perry 1.25 7.46 293.69 1.10 6.78 266.72</u></div>
<div><u>Norfolk 1.25 7.46 293.69 1.05 6.73 264.75</u></div>
<div><u>Palmerston 1.26 7.47 294.08 1.08 6.76 265.93</u></div>
<div><u>Varna 1.25 7.46 293.69 1.05 6.73 264.75</u></div>
<div><u>Belmore 1.25 7.46 293.69 1.05 6.73 264.75</u></div>
<div><u>Trenton 1.35 7.56 297.62 1.10 6.78 266.72</u></div>
<div><u>Winchester 1.50 7.71 303.53 1.30 6.98 274.59</u></div>
<div><u>North Gower 1.40 7.61 299.59 1.20 6.88 270.66</u></div>
<div><u>Vankleek Hil 1.50 7.71 303.53 1.36 7.04 276.96</u></div>
<div><u>Huron FOB 1.43 1.45 1.45 1.53 7.64 300.77N/A</u></div>
<div><u>Kent FOB 1.40 7.61 299.59 1.15 6.83 268.69</u></div>
<div><u>Lamb FOB 1.50 7.71 303.53 1.15 6.83 268.69</u></div>
<div><u>Mdsx FOB N/A N/A N/A 1.55 1.15 6.83 268.69</u></div>
<div><u>FOB SW Que 2.26 8.47 333.45N/A</u></div>
<div><u>Track 1.84 8.05 316.72N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.42 7.10 279.32</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.73 7.41 291.52</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 7.03 276.56</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.60 7.28 286.40</u></div>
<div><u>W O Feed 1.89 8.10 319.04</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.96 8.17 321.64</u></div>
<div><u>Toledo El. -0.27 5.94 234.01 -0.32 5.36 210.96</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.15 6.83 268.69</u></div>
<div><u>Prescott 1.88 8.09 318.49 1.68 7.36 289.55</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.25 7.46</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2656 up 0.0088</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 14.23 3/4 NOV22 HI 13.21</u></div>
<div><u> LOW 13.82 1/2 LOW 12.92 1/2</u></div>
<div><u> CLOSE14.03 Down 11 1/4 CLOSE 13.07 1/2 Down 8 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 3.24 17.27 634.56 2.75 15.83 581.47</u></div>
<div><u>CK High 3.30 17.33 636.77 2.80 15.88 583.31</u></div>
<div><u>CK Average 3.28 -0.35 17.31 635.93 2.76 -0.56 15.83 581.78</u></div>
<div><u>Essex Cty 3.25 17.28 634.93 2.75 15.83 581.47</u></div>
<div><u>Mdsx Low 3.15 17.18 631.26 2.60 15.68 575.96</u></div>
<div><u>Mdsx High 3.25 17.28 634.93 2.75 15.83 581.47</u></div>
<div><u>Mdsx Average3.21 -0.41 17.24 633.46 2.70 -0.61 15.78 579.63</u></div>
<div><u>Hensall 3.27 17.30 635.54 2.75 15.83 581.47</u></div>
<div><u>Bruce 3.30 17.33 636.77 2.75 15.83 581.47</u></div>
<div><u>Putnam 3.30 17.33 636.77 2.75 15.83 581.47</u></div>
<div><u>Burford 3.30 17.33 636.77 2.82 15.90 584.04</u></div>
<div><u>Port Perry 3.19 17.22 632.73 2.71 15.79 580.00</u></div>
<div><u>Norfolk 3.25 17.28 634.93 2.75 15.83 581.47</u></div>
<div><u>Palmerston 3.22 17.25 633.83 2.69 15.77 579.26</u></div>
<div><u>Varna 3.25 17.28 634.93 2.75 15.83 581.47</u></div>
<div><u>Trenton 3.15 17.18 631.26 2.65 15.73 577.79</u></div>
<div><u>Winchester 3.32 17.35 637.50 2.82 15.90 584.04</u></div>
<div><u>North Gower 3.10 17.13 629.42 2.80 15.88 583.31</u></div>
<div><u>Vankleek Hil3.85 17.88 656.98 2.96 16.04 589.19</u></div>
<div><u>Huron FOB 3.44 3.57 3.61 3.68 17.47 641.91 N/A</u></div>
<div><u>Kent FOB 3.45 17.48 642.28 2.75 15.83 581.47</u></div>
<div><u>Lambton FOB 3.45 17.48 642.28 2.85 15.93 585.14</u></div>
<div><u>Mdsx FOB 3.55 3.55 3.61 3.55 17.58 645.95 2.91 15.99 587.35</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.99 18.02 662.12 3.09 16.17 593.96</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.70 17.73 651.47 3.20 16.28 598.00</u></div>
<div><u>Prescott N/A 3.31 16.39 602.05</u></div>
<div><u>Port Colborn3.70 17.73 651.47 3.26 16.34 600.21</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 13.78 506.21 -0.51 12.57 461.83</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2656 up 0.0088</u></div>
<div><u>Chicago wheat closed moderately higher to higher.</u></div>
<div><u>MAR22 HI 8.02 1/2 JUL22 HI 7.94</u></div>
<div><u> LOW 7.75 3/4 LOW 7.72 1/2</u></div>
<div><u> CLOSE 8.00 1/2 Up 20 1/2 CLOSE 7.92 1/4 Up 18</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>MAR22 HI 9.50 SEP22 HI 9.08</u></div>
<div><u> LOW 9.36 LOW 8.96</u></div>
<div><u> CLOSE 9.48 1/2 Up 12 1/2 CLOSE 9.07 Up 10 1/4</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 1.20 N/A N/A N/A 1.50 N/A</u></div>
<div><u>London 1.30 1.55 1.11 N/A 1.86 1.79 1.54 N/A</u></div>
<div><u>Hensall 1.20 N/A 1.20 N/A 2.30 N/A 1.50 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 1.70 1.10 N/A 2.20 1.70 1.50 1.50</u></div>
<div><u>Essex N/A N/A 1.15 N/A N/A N/A 1.50 N/A</u></div>
<div><u>Norwich 1.20 N/A 1.20 N/A 2.30 N/A 1.50 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 1.20 N/A 1.20 N/A 2.30 N/A 1.50 N/A</u></div>
<div><u>Chatham N/A N/A 1.15 N/A N/A N/A 1.50 N/A</u></div>
<div><u>Brigden N/A N/A 1.15 N/A N/A N/A 1.50 N/A</u></div>
<div><u>Palmerston N/A 2.12 1.29 1.88 N/A N/A 1.66 1.66</u></div>
<div><u>Varna 1.45 1.95 1.20 N/A 2.20 1.70 1.50 N/A</u></div>
<div><u>Mitchell 1.20 1.80 1.20 N/A 2.30 1.70 1.50 N/A</u></div>
<div><u>Thornton 1.30 1.55 1.11 1.90 1.86 1.79 1.60 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 2.08</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.81 N/A N/A N/A 1.93 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.51 N/A N/A N/A 2.23 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.86US 9.94CA 7.87US 9.96CA</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 594.05</u></div>
<span><u>DDG's FOB Srn & Aylm 300.00</u></span><br>
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<div><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 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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<span style="font-size:10.0pt;font-family:"Courier New"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes">
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