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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, January 25</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2605 down 0.0051</u></div>
<div><u>Chicago corn closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.31 DEC22 HI 5.72</u></div>
<div><u> LOW 6.18 1/2 LOW 5.64</u></div>
<div><u> CLOSE6.20 Down 1 CLOSE 5.69 3/4 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 7.45 293.29 1.05 6.75 265.64</u></div>
<div><u>CK High 1.25 7.45 293.29 1.05 6.75 265.64</u></div>
<div><u>CK Avg 1.25 -0.29 7.45 293.29 1.05 -0.35 6.75 265.64</u></div>
<div><u>Essex Cty 1.25 7.45 293.29 1.05 6.75 265.64</u></div>
<div><u>Mdsx Low 1.25 7.45 293.29 1.05 6.75 265.64</u></div>
<div><u>Mdsx High 1.25 7.45 293.29 1.05 6.75 265.64</u></div>
<div><u>Mdsx Avg 1.25 -0.29 7.45 293.29 1.05 -0.35 6.75 265.64</u></div>
<div><u>Hensall 1.27 7.47 293.95 1.07 6.76 266.29</u></div>
<div><u>Bruce 1.25 7.45 293.29 1.05 6.75 265.64</u></div>
<div><u>Putnam 1.25 7.45 293.29 1.05 6.75 265.64</u></div>
<div><u>Burford 1.25 7.45 293.29 1.05 6.75 265.64</u></div>
<div><u>Port Perry 1.25 7.45 293.29 1.10 6.80 267.61</u></div>
<div><u>Norfolk 1.25 7.45 293.29 1.05 6.75 265.64</u></div>
<div><u>Palmerston 1.24 7.44 292.90 1.07 6.77 266.42</u></div>
<div><u>Varna 1.25 7.45 293.29 1.05 6.75 265.64</u></div>
<div><u>Belmore 1.25 7.45 293.29 1.05 6.75 265.64</u></div>
<div><u>Trenton 1.35 7.55 297.23 1.10 6.80 267.61</u></div>
<div><u>Winchester 1.50 7.70 303.14 1.30 7.00 275.48</u></div>
<div><u>North Gower 1.40 7.60 299.20 1.20 6.90 271.54</u></div>
<div><u>Vankleek Hil 1.53 7.73 304.32 1.39 7.09 279.02</u></div>
<div><u>Huron FOB 1.40 1.40 1.48 1.54 7.60 299.20N/A</u></div>
<div><u>Kent FOB 1.40 7.60 299.20 1.15 6.85 269.57</u></div>
<div><u>Lamb FOB 1.50 7.70 303.14 1.15 6.85 269.57</u></div>
<div><u>Mdsx FOB N/A N/A N/A 1.55 1.15 6.85 269.57</u></div>
<div><u>FOB SW Que 2.26 8.46 333.06N/A</u></div>
<div><u>Track 1.80 8.00 314.95N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.42 7.12 280.20</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.73 7.43 292.41</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 7.10 279.42</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.65 7.35 289.26</u></div>
<div><u>W O Feed 1.87 8.07 317.86</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.81 8.01 315.34</u></div>
<div><u>Toledo El. -0.26 5.94 233.66 -0.32 5.38 211.89</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.15 6.85 269.57</u></div>
<div><u>Prescott 1.91 8.11 319.28 1.71 7.41 291.62</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.25 7.45</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2605 down 0.0051</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 14.13 3/4 NOV22 HI 13.23</u></div>
<div><u> LOW 13.93 1/4 LOW 13.00 3/4</u></div>
<div><u> CLOSE14.07 1/4 Up 4 1/4 CLOSE 13.18 1/2 Up 11</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 17.31 636.13 2.75 15.94 585.51</u></div>
<div><u>CK High 3.30 17.37 638.33 2.80 15.99 587.35</u></div>
<div><u>CK Average 3.28 -0.31 17.35 637.49 2.76 -0.55 15.94 585.83</u></div>
<div><u>Essex Cty 3.25 17.32 636.49 2.75 15.94 585.51</u></div>
<div><u>Mdsx Low 3.23 17.30 635.76 2.70 15.89 583.67</u></div>
<div><u>Mdsx High 3.25 17.32 636.49 2.75 15.94 585.51</u></div>
<div><u>Mdsx Average3.24 -0.33 17.32 636.25 2.73 -0.57 15.92 584.90</u></div>
<div><u>Hensall 3.27 17.34 637.11 2.75 15.94 585.51</u></div>
<div><u>Bruce 3.30 17.37 638.33 2.75 15.94 585.51</u></div>
<div><u>Putnam 3.30 17.37 638.33 2.75 15.94 585.51</u></div>
<div><u>Burford 3.30 17.37 638.33 2.82 16.01 588.08</u></div>
<div><u>Port Perry 3.19 17.26 634.29 2.71 15.90 584.04</u></div>
<div><u>Norfolk 3.25 17.32 636.49 2.75 15.94 585.51</u></div>
<div><u>Palmerston 3.18 17.25 633.92 2.67 15.86 582.57</u></div>
<div><u>Varna 3.25 17.32 636.49 2.75 15.94 585.51</u></div>
<div><u>Trenton 3.20 17.27 634.66 2.70 15.89 583.67</u></div>
<div><u>Winchester 3.32 17.39 639.06 2.82 16.01 588.08</u></div>
<div><u>North Gower 3.10 17.17 630.98 2.80 15.99 587.35</u></div>
<div><u>Vankleek Hil3.85 17.92 658.54 2.98 16.17 593.96</u></div>
<div><u>Huron FOB 3.41 3.53 3.57 3.64 17.48 642.37 N/A</u></div>
<div><u>Kent FOB 3.45 17.52 643.84 2.75 15.94 585.51</u></div>
<div><u>Lambton FOB 3.45 17.52 643.84 2.85 16.04 589.19</u></div>
<div><u>Mdsx FOB 3.55 3.55 3.60 3.54 17.62 647.52 2.97 16.16 593.59</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.96 18.03 662.58 3.08 16.27 597.64</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.70 17.77 653.03 3.20 16.39 602.05</u></div>
<div><u>Prescott N/A 3.33 16.52 606.82</u></div>
<div><u>Port Colborn3.70 17.77 653.03 3.32 16.51 606.45</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 13.82 507.81 -0.50 12.68 465.93</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2605 down 0.0051</u></div>
<div><u>Chicago wheat closed moderately higher to higher.</u></div>
<div><u>MAR22 HI 8.31 1/2 JUL22 HI 8.17 3/4</u></div>
<div><u> LOW 8.00 1/2 LOW 7.92 3/4</u></div>
<div><u> CLOSE 8.18 Up 17 1/2 CLOSE 8.07 3/4 Up 15 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed mixed.</u></div>
<div><u>MAR22 HI 9.65 SEP22 HI 9.27</u></div>
<div><u> LOW 9.45 1/4 LOW 9.06 1/2</u></div>
<div><u> CLOSE 9.47 1/4 Down 1 1/4 CLOSE 9.16 Up 9</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 1.37 1.63 1.18 N/A 1.92 1.85 1.60 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 1.45 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 2.14 1.32 1.85 N/A N/A 1.61 1.65</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 1.37 1.63 1.18 2.17 1.92 1.85 1.66 N/A</u></div>
<div><u>North Gower N/A 0.90 1.30 1.07 N/A N/A 1.39 N/A</u></div>
<div><u>W O Feed 2.09</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.89 N/A N/A N/A 1.99 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 2.24 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 8.03US 10.12CA 8.03US 10.13CA</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 591.95</u></div>
<span><u>DDG's FOB Srn & Aylm 315.00</u></span><br>
</div>
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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"">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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<span style="font-size:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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