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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 26</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2612 up 0.0007</u></div>
<div><u>Chicago corn closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.27 3/4 DEC22 HI 5.73 1/2</u></div>
<div><u> LOW 6.15 LOW 5.65 1/2</u></div>
<div><u> CLOSE6.27 Up 7 CLOSE 5.72 3/4 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 1.20 7.47 294.08 1.05 6.78 266.82</u></div>
<div><u>CK High 1.25 7.52 296.05 1.05 6.78 266.82</u></div>
<div><u>CK Avg 1.24 -0.31 7.51 295.77 1.05 -0.36 6.78 266.82</u></div>
<div><u>Essex Cty 1.25 7.52 296.05 1.05 6.78 266.82</u></div>
<div><u>Mdsx Low 1.20 7.47 294.08 1.05 6.78 266.82</u></div>
<div><u>Mdsx High 1.25 7.52 296.05 1.05 6.78 266.82</u></div>
<div><u>Mdsx Avg 1.23 -0.32 7.50 295.39 1.05 -0.36 6.78 266.82</u></div>
<div><u>Hensall 1.27 7.54 296.71 1.07 6.79 267.47</u></div>
<div><u>Bruce 1.25 7.52 296.05 1.05 6.78 266.82</u></div>
<div><u>Putnam 1.25 7.52 296.05 1.05 6.78 266.82</u></div>
<div><u>Burford 1.20 7.47 294.08 1.05 6.78 266.82</u></div>
<div><u>Port Perry 1.20 7.47 294.08 1.10 6.83 268.79</u></div>
<div><u>Norfolk 1.25 7.52 296.05 1.05 6.78 266.82</u></div>
<div><u>Palmerston 1.24 7.51 295.66 1.06 6.79 267.21</u></div>
<div><u>Varna 1.25 7.52 296.05 1.05 6.78 266.82</u></div>
<div><u>Belmore 1.25 7.52 296.05 1.05 6.78 266.82</u></div>
<div><u>Trenton 1.30 7.57 298.02 1.10 6.83 268.79</u></div>
<div><u>Winchester 1.50 7.77 305.89 1.30 7.03 276.66</u></div>
<div><u>North Gower 1.45 7.72 303.92 1.25 6.98 274.69</u></div>
<div><u>Vankleek Hil 1.47 7.74 304.71 1.34 7.07 278.24</u></div>
<div><u>Huron FOB 1.35 1.35 1.41 1.46 7.62 299.99N/A</u></div>
<div><u>Kent FOB 1.40 7.67 301.95 1.15 6.88 270.76</u></div>
<div><u>Lamb FOB 1.35 7.62 299.99 1.20 6.93 272.72</u></div>
<div><u>Mdsx FOB N/A N/A N/A 1.55 1.15 6.88 270.76</u></div>
<div><u>FOB SW Que 2.20 8.47 333.45N/A</u></div>
<div><u>Track 1.81 8.08 318.10N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.42 7.15 281.38</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.73 7.46 293.59</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 7.13 280.60</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.65 7.38 290.44</u></div>
<div><u>W O Feed 1.87 8.14 320.54</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.82 8.09 318.49</u></div>
<div><u>Toledo El. -0.26 6.01 236.41 -0.32 5.41 213.07</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.15 6.88 270.76</u></div>
<div><u>Prescott 1.85 8.12 319.67 1.66 7.39 290.83</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.25 7.52</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2612 up 0.0007</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 14.43 3/4 NOV22 HI 13.38 1/4</u></div>
<div><u> LOW 13.93 3/4 LOW 13.08 3/4</u></div>
<div><u> CLOSE14.40 Up 32 3/4 CLOSE 13.34 Up 15 1/2</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 3.20 17.60 646.69 2.70 16.04 589.37</u></div>
<div><u>CK High 3.30 17.70 650.36 2.80 16.14 593.04</u></div>
<div><u>CK Average 3.24 -0.42 17.64 648.05 2.73 -0.61 16.07 590.31</u></div>
<div><u>Essex Cty 3.20 17.60 646.69 2.70 16.04 589.37</u></div>
<div><u>Mdsx Low 3.20 17.60 646.69 2.72 16.06 590.10</u></div>
<div><u>Mdsx High 3.25 17.65 648.53 2.75 16.09 591.21</u></div>
<div><u>Mdsx Average3.22 -0.43 17.62 647.30 2.74 -0.59 16.08 590.84</u></div>
<div><u>Hensall 3.25 17.65 648.53 2.73 16.07 590.59</u></div>
<div><u>Bruce 3.30 17.70 650.36 2.75 16.09 591.21</u></div>
<div><u>Putnam 3.25 17.65 648.53 2.70 16.04 589.37</u></div>
<div><u>Burford 3.27 17.67 649.26 2.79 16.13 592.68</u></div>
<div><u>Port Perry 3.16 17.56 645.22 2.68 16.02 588.63</u></div>
<div><u>Norfolk 3.20 17.60 646.69 2.75 16.09 591.21</u></div>
<div><u>Palmerston 3.20 17.60 646.69 2.65 15.99 587.53</u></div>
<div><u>Varna 3.25 17.65 648.53 2.75 16.09 591.21</u></div>
<div><u>Trenton 3.25 17.65 648.53 2.75 16.09 591.21</u></div>
<div><u>Winchester 3.29 17.69 650.00 2.80 16.14 593.04</u></div>
<div><u>North Gower 3.20 17.60 646.69 2.85 16.19 594.88</u></div>
<div><u>Vankleek Hil3.80 18.20 668.74 3.00 16.34 600.39</u></div>
<div><u>Huron FOB 3.37 3.50 3.53 3.61 17.77 652.94 N/A</u></div>
<div><u>Kent FOB 3.40 17.80 654.04 2.75 16.09 591.21</u></div>
<div><u>Lambton FOB 3.40 17.80 654.04 2.85 16.19 594.88</u></div>
<div><u>Mdsx FOB 3.51 3.51 3.58 3.51 17.91 658.08 2.95 16.29 598.56</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 3.97 18.37 674.98 3.06 16.40 602.60</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.65 18.05 663.22 3.20 16.54 607.74</u></div>
<div><u>Prescott N/A 3.30 16.64 611.42</u></div>
<div><u>Port Colborn3.67 18.07 663.96 3.30 16.64 611.42</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 14.15 519.84 -0.50 12.84 471.62</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2612 up 0.0007</u></div>
<div><u>Chicago wheat closed moderately lower to lower.</u></div>
<div><u>MAR22 HI 8.17 1/2 JUL22 HI 8.07</u></div>
<div><u> LOW 7.87 LOW 7.82 1/2</u></div>
<div><u> CLOSE 7.95 Down 23 CLOSE 7.90 3/4 Down 17</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed lower to sharply lower.</u></div>
<div><u>MAR22 HI 9.47 1/4 SEP22 HI 9.07 1/4</u></div>
<div><u> LOW 9.13 1/2 LOW 8.88 1/2</u></div>
<div><u> CLOSE 9.16 1/4 Down 31 CLOSE 8.93 1/2 Down 22 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 1.20 N/A N/A N/A 1.50 N/A</u></div>
<div><u>London 1.30 1.55 1.11 N/A 1.85 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 1.20 N/A N/A N/A 1.50 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 2.06 1.23 1.75 N/A N/A 1.54 1.57</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 2.17 1.85 1.79 1.60 N/A</u></div>
<div><u>North Gower N/A 1.05 1.40 1.12 N/A N/A 1.45 N/A</u></div>
<div><u>W O Feed 2.03</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.82 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 2.45 N/A N/A N/A 2.19 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.80US 9.84CA 7.86US 9.91CA</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 601.32</u></div>
<span><u>DDG's FOB Srn & Aylm 315.00</u></span><br>
</div>
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<span><u><br>
</u></span></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: 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:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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