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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, January 27</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.274 up 0.0128</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.27 3/4 DEC22 HI 5.74</u></div>
<div><u> LOW 6.21 1/4 LOW 5.65</u></div>
<div><u> CLOSE6.25 1/4 Down 1 3/4 CLOSE 5.66 3/4 Down 6</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 7.45 293.39 1.05 6.72 264.46</u></div>
<div><u>CK High 1.30 7.55 297.33 1.10 6.77 266.42</u></div>
<div><u>CK Avg 1.26 -0.36 7.51 295.64 1.06 -0.39 6.73 265.02</u></div>
<div><u>Essex Cty 1.30 7.55 297.33 1.10 6.77 266.42</u></div>
<div><u>Mdsx Low 1.20 7.45 293.39 1.05 6.72 264.46</u></div>
<div><u>Mdsx High 1.30 7.55 297.33 1.10 6.77 266.42</u></div>
<div><u>Mdsx Avg 1.25 -0.36 7.50 295.36 1.07 -0.38 6.73 265.11</u></div>
<div><u>Hensall 1.27 7.52 296.02 1.07 6.73 265.11</u></div>
<div><u>Bruce 1.25 7.50 295.36 1.05 6.72 264.46</u></div>
<div><u>Putnam 1.25 7.50 295.36 1.05 6.72 264.46</u></div>
<div><u>Burford 1.20 7.45 293.39 1.05 6.72 264.46</u></div>
<div><u>Port Perry 1.20 7.45 293.39 1.10 6.77 266.42</u></div>
<div><u>Norfolk 1.30 7.55 297.33 1.10 6.77 266.42</u></div>
<div><u>Palmerston 1.32 7.57 298.12 1.11 6.78 266.82</u></div>
<div><u>Varna 1.25 7.50 295.36 1.05 6.72 264.46</u></div>
<div><u>Belmore 1.25 7.50 295.36 1.05 6.72 264.46</u></div>
<div><u>Trenton 1.30 7.55 297.33 1.10 6.77 266.42</u></div>
<div><u>Winchester 1.50 7.75 305.20 1.30 6.97 274.30</u></div>
<div><u>North Gower 1.45 7.70 303.23 1.25 6.92 272.33</u></div>
<div><u>Vankleek Hil 1.55 7.80 307.17 1.53 7.20 283.35</u></div>
<div><u>Huron FOB 1.36 1.36 1.44 1.49 7.61 299.69N/A</u></div>
<div><u>Kent FOB 1.40 7.65 301.27 1.15 6.82 268.39</u></div>
<div><u>Lamb FOB 1.40 7.65 301.27 1.20 6.87 270.36</u></div>
<div><u>Mdsx FOB N/A N/A N/A 1.55 1.15 6.82 268.39</u></div>
<div><u>FOB SW Que 2.31 8.56 337.09N/A</u></div>
<div><u>Track 1.89 8.14 320.56N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.42 7.09 279.02</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.73 7.40 291.23</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 7.07 278.24</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.65 7.32 288.08</u></div>
<div><u>W O Feed 1.95 8.20 322.84</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.90 8.15 320.95</u></div>
<div><u>Toledo El. -0.27 5.98 235.62 -0.32 5.35 210.58</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.15 6.82 268.39</u></div>
<div><u>Prescott 2.05 8.30 326.85 1.72 7.39 290.83</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 7.55 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 1.274 up 0.0128</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 14.56 1/2 NOV22 HI 13.47 1/4</u></div>
<div><u> LOW 14.28 1/2 LOW 13.25 1/2</u></div>
<div><u> CLOSE14.48 1/4 Up 8 1/4 CLOSE 13.38 Up 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 3.45 17.93 658.91 2.85 16.23 596.35</u></div>
<div><u>CK High 3.50 17.98 660.74 2.95 16.33 600.02</u></div>
<div><u>CK Average 3.46 -0.40 17.94 659.17 2.90 -0.60 16.28 598.29</u></div>
<div><u>Essex Cty 3.45 17.93 658.91 2.85 16.23 596.35</u></div>
<div><u>Mdsx Low 3.25 17.73 651.56 2.75 16.13 592.68</u></div>
<div><u>Mdsx High 3.45 17.93 658.91 2.91 16.29 598.56</u></div>
<div><u>Mdsx Average3.38 -0.46 17.86 656.33 2.85 -0.64 16.23 596.47</u></div>
<div><u>Hensall 3.45 17.93 658.91 2.87 16.25 596.96</u></div>
<div><u>Bruce 3.45 17.93 658.91 2.85 16.23 596.35</u></div>
<div><u>Putnam 3.45 17.93 658.91 2.90 16.28 598.19</u></div>
<div><u>Burford 3.51 17.99 661.11 2.98 16.36 601.13</u></div>
<div><u>Port Perry 3.40 17.88 657.07 2.87 16.25 597.09</u></div>
<div><u>Norfolk 3.45 17.93 658.91 2.90 16.28 598.19</u></div>
<div><u>Palmerston 3.39 17.87 656.70 2.79 16.17 594.15</u></div>
<div><u>Varna 3.45 17.93 658.91 2.85 16.23 596.35</u></div>
<div><u>Trenton 3.45 17.93 658.91 2.90 16.28 598.19</u></div>
<div><u>Winchester 3.50 17.98 660.74 2.95 16.33 600.02</u></div>
<div><u>North Gower 3.20 17.68 649.72 2.85 16.23 596.35</u></div>
<div><u>Vankleek Hil3.99 18.47 678.75 3.21 16.59 609.58</u></div>
<div><u>Huron FOB 3.57 3.70 3.74 3.81 18.05 663.32 N/A</u></div>
<div><u>Kent FOB 3.65 18.13 666.26 2.90 16.28 598.19</u></div>
<div><u>Lambton FOB 3.55 18.03 662.58 2.95 16.33 600.02</u></div>
<div><u>Mdsx FOB 3.70 3.76 3.82 3.76 18.18 668.09 3.09 16.47 605.17</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.21 18.69 686.83 3.27 16.65 611.78</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.90 18.38 675.44 3.35 16.73 614.72</u></div>
<div><u>Prescott N/A 3.43 16.81 617.66</u></div>
<div><u>Port Colborn3.85 18.33 673.60 3.47 16.85 619.13</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 14.23 522.78 -0.51 12.87 472.90</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.274 up 0.0128</u></div>
<div><u>Chicago wheat closed moderately lower to lower.</u></div>
<div><u>MAR22 HI 7.95 1/2 JUL22 HI 7.90 1/4</u></div>
<div><u> LOW 7.74 LOW 7.71 3/4</u></div>
<div><u> CLOSE 7.77 Down 18 CLOSE 7.73 1/2 Down 17 1/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately lower.</u></div>
<div><u>MAR22 HI 9.20 SEP22 HI 8.93 3/4</u></div>
<div><u> LOW 9.01 1/2 LOW 8.78 3/4</u></div>
<div><u> CLOSE 9.02 1/2 Down 13 3/4 CLOSE 8.79 Down 14 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 1.32 1.57 1.19 N/A 2.01 1.82 1.56 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 1.45 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 2.12 1.29 1.84 N/A N/A 1.62 1.65</u></div>
<div><u>Varna 1.50 2.00 1.25 N/A 2.25 1.75 1.55 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 1.32 1.57 1.19 2.17 2.01 1.82 1.63 N/A</u></div>
<div><u>North Gower N/A 1.05 1.40 1.12 N/A N/A 1.46 N/A</u></div>
<div><u>W O Feed 2.07</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 2.09 N/A N/A N/A 1.95 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 2.25 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.62US 9.71CA 7.69US 9.79CA</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 611.46</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: 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: 10pt; font-family: "Courier New";">Fax. 519-674-1530<br>
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