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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 28</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2784 up 0.0044</u></div>
<div><u>Chicago corn closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.37 1/4 DEC22 HI 5.71 1/4</u></div>
<div><u> LOW 6.23 LOW 5.64 1/2</u></div>
<div><u> CLOSE6.36 Up 10 3/4 CLOSE 5.69 1/2 Up 2 3/4</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 7.61 299.59 1.05 6.75 265.54</u></div>
<div><u>CK High 1.30 7.66 301.56 1.10 6.80 267.51</u></div>
<div><u>CK Avg 1.26 -0.40 7.62 300.15 1.07 -0.41 6.77 266.38</u></div>
<div><u>Essex Cty 1.30 7.66 301.56 1.10 6.80 267.51</u></div>
<div><u>Mdsx Low 1.25 7.61 299.59 1.05 6.75 265.54</u></div>
<div><u>Mdsx High 1.30 7.66 301.56 1.10 6.80 267.51</u></div>
<div><u>Mdsx Avg 1.27 -0.39 7.63 300.25 1.08 -0.40 6.78 266.85</u></div>
<div><u>Hensall 1.27 7.63 300.25 1.07 6.76 266.20</u></div>
<div><u>Bruce 1.25 7.61 299.59 1.05 6.75 265.54</u></div>
<div><u>Putnam 1.25 7.61 299.59 1.05 6.75 265.54</u></div>
<div><u>Burford 1.25 7.61 299.59 1.10 6.80 267.51</u></div>
<div><u>Port Perry 1.20 7.56 297.62 1.10 6.80 267.51</u></div>
<div><u>Norfolk 1.30 7.66 301.56 1.10 6.80 267.51</u></div>
<div><u>Palmerston 1.25 7.61 299.59 1.08 6.78 266.72</u></div>
<div><u>Varna 1.25 7.61 299.59 1.05 6.75 265.54</u></div>
<div><u>Belmore 1.25 7.61 299.59 1.05 6.75 265.54</u></div>
<div><u>Trenton 1.30 7.66 301.56 1.10 6.80 267.51</u></div>
<div><u>Winchester 1.50 7.86 309.43 1.30 7.00 275.38</u></div>
<div><u>North Gower 1.45 7.81 307.47 1.30 7.00 275.38</u></div>
<div><u>Vankleek Hil 1.62 7.98 314.16 1.68 7.38 290.34</u></div>
<div><u>Huron FOB 1.40 1.40 1.48 1.53 7.76 305.50N/A</u></div>
<div><u>Kent FOB 1.45 7.81 307.47 1.20 6.90 271.44</u></div>
<div><u>Lamb FOB 1.50 7.86 309.43 1.30 7.00 275.38</u></div>
<div><u>Mdsx FOB N/A N/A N/A N/A 1.40 7.10 279.32</u></div>
<div><u>FOB SW Que 2.24 8.60 338.57N/A</u></div>
<div><u>Track 1.95 8.31 326.95N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.42 7.12 280.11</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.84 7.54 296.64</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 7.10 279.32</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.65 7.35 289.16</u></div>
<div><u>W O Feed 2.01 8.37 329.35</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.96 8.32 327.54</u></div>
<div><u>Toledo El. -0.27 6.09 239.81 -0.32 5.38 211.61</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.15 6.85 269.48</u></div>
<div><u>Prescott 2.13 8.49 334.24 1.80 7.50 295.07</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 7.66</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2784 up 0.0044</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 14.79 NOV22 HI 13.60</u></div>
<div><u> LOW 14.41 1/2 LOW 13.33</u></div>
<div><u> CLOSE14.70 Up 21 3/4 CLOSE 13.51 1/2 Up 13 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 3.59 18.29 672.04 2.95 16.47 604.99</u></div>
<div><u>CK High 3.70 18.40 676.08 3.10 16.62 610.50</u></div>
<div><u>CK Average 3.61 -0.38 18.31 672.88 3.01 -0.60 16.52 607.14</u></div>
<div><u>Essex Cty 3.60 18.30 672.41 2.95 16.47 604.99</u></div>
<div><u>Mdsx Low 3.55 18.25 670.57 2.95 16.47 604.99</u></div>
<div><u>Mdsx High 3.60 18.30 672.41 3.00 16.52 606.82</u></div>
<div><u>Mdsx Average3.58 -0.40 18.28 671.55 2.98 -0.62 16.50 606.21</u></div>
<div><u>Hensall 3.60 18.30 672.41 3.00 16.52 606.82</u></div>
<div><u>Bruce 3.60 18.30 672.41 3.00 16.52 606.82</u></div>
<div><u>Putnam 3.60 18.30 672.41 3.00 16.52 606.82</u></div>
<div><u>Burford 3.65 18.35 674.25 3.07 16.59 609.39</u></div>
<div><u>Port Perry 3.54 18.24 670.21 2.96 16.48 605.35</u></div>
<div><u>Norfolk 3.60 18.30 672.41 3.00 16.52 606.82</u></div>
<div><u>Palmerston 3.59 18.29 672.04 2.95 16.47 604.99</u></div>
<div><u>Varna 3.45 18.15 666.90 2.85 16.37 601.31</u></div>
<div><u>Trenton 3.60 18.30 672.41 3.00 16.52 606.82</u></div>
<div><u>Winchester 3.70 18.40 676.08 3.10 16.62 610.50</u></div>
<div><u>North Gower 3.30 18.00 661.39 2.90 16.42 603.15</u></div>
<div><u>Vankleek Hil4.20 18.90 694.46 3.38 16.90 620.78</u></div>
<div><u>Huron FOB 3.80 3.93 3.97 4.03 18.50 679.76 N/A</u></div>
<div><u>Kent FOB 3.80 18.50 679.76 3.00 16.52 606.82</u></div>
<div><u>Lambton FOB 3.80 18.50 679.76 3.15 16.67 612.33</u></div>
<div><u>Mdsx FOB 3.90 3.96 4.03 3.96 18.60 683.43 3.25 16.77 616.01</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.43 19.13 702.91 3.37 16.89 620.42</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 3.90 18.60 683.43 3.35 16.87 619.68</u></div>
<div><u>Prescott N/A 3.60 17.12 628.87</u></div>
<div><u>Port Colborn4.06 18.76 689.31 3.54 17.06 626.66</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.26 14.44 530.74 -0.51 13.00 477.79</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2784 up 0.0044</u></div>
<div><u>Chicago wheat closed slightly to moderately higher.</u></div>
<div><u>MAR22 HI 7.93 1/2 JUL22 HI 7.88</u></div>
<div><u> LOW 7.74 3/4 LOW 7.72 1/4</u></div>
<div><u> CLOSE 7.86 1/4 Up 9 1/4 CLOSE 7.82 Up 8 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher to higher.</u></div>
<div><u>MAR22 HI 9.23 1/2 SEP22 HI 8.94 3/4</u></div>
<div><u> LOW 9.02 1/2 LOW 8.79</u></div>
<div><u> CLOSE 9.20 1/4 Up 17 3/4 CLOSE 8.92 Up 13</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 1.38 1.64 1.26 N/A 2.08 1.88 1.63 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 1.20 1.70 1.20 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 2.18 1.35 1.91 N/A N/A 1.66 1.71</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 1.38 1.64 1.26 2.15 2.08 1.88 1.69 N/A</u></div>
<div><u>North Gower N/A 1.05 1.40 1.12 N/A N/A 1.55 N/A</u></div>
<div><u>W O Feed 2.13</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 2.16 N/A N/A N/A 2.02 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.57 N/A N/A N/A 2.31 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.71US 9.86CA 7.77US 9.94CA</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 618.63</u></div>
<span><u>DDG's FOB Srn & Aylm 315.00</u></span><br>
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<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);">
<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>
<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>
<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""><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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