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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, February 1</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.269 down 0.0008</u></div>
<div><u>Chicago corn closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.39 1/2 DEC22 HI 5.79 3/4</u></div>
<div><u> LOW 6.24 1/2 LOW 5.71 3/4</u></div>
<div><u> CLOSE6.34 3/4 Up 8 3/4 CLOSE 5.77 3/4 Up 4 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 +MAY22+MAY22+JUL22</u></div>
<div><u>CK Low 1.25 7.60 299.10 1.05 6.83 268.79</u></div>
<div><u>CK High 1.30 7.65 301.07 1.10 6.88 270.76</u></div>
<div><u>CK Avg 1.29 -0.33 7.63 300.51 1.09 -0.37 6.87 270.47</u></div>
<div><u>Essex Cty 1.30 7.65 301.07 1.10 6.88 270.76</u></div>
<div><u>Mdsx Low 1.25 7.60 299.10 1.10 6.88 270.76</u></div>
<div><u>Mdsx High 1.30 7.65 301.07 1.10 6.88 270.76</u></div>
<div><u>Mdsx Avg 1.27 -0.35 7.61 299.76 1.10 -0.36 6.88 270.76</u></div>
<div><u>Hensall 1.28 7.63 300.41 1.12 6.89 271.41</u></div>
<div><u>Bruce 1.25 7.60 299.10 1.10 6.88 270.76</u></div>
<div><u>Putnam 1.30 7.65 301.07 1.10 6.88 270.76</u></div>
<div><u>Burford 1.25 7.60 299.10 1.10 6.88 270.76</u></div>
<div><u>Port Perry 1.20 7.55 297.13 1.10 6.88 270.76</u></div>
<div><u>Norfolk 1.30 7.65 301.07 1.10 6.88 270.76</u></div>
<div><u>Palmerston 1.20 7.55 297.13 1.06 6.84 269.18</u></div>
<div><u>Varna 1.25 7.60 299.10 1.10 6.88 270.76</u></div>
<div><u>Belmore 1.25 7.60 299.10 1.10 6.88 270.76</u></div>
<div><u>Trenton 1.30 7.65 301.07 1.10 6.88 270.76</u></div>
<div><u>Winchester 1.55 7.90 310.91 1.40 7.18 282.57</u></div>
<div><u>North Gower 1.45 7.80 306.97 1.35 7.13 280.60</u></div>
<div><u>Vankleek Hil 1.59 7.94 312.49 1.43 7.21 283.75</u></div>
<div><u>Huron FOB 1.25 1.33 1.37 1.49 7.60 299.10N/A</u></div>
<div><u>Kent FOB 1.45 7.80 306.97 1.20 6.98 274.69</u></div>
<div><u>Lamb FOB 1.45 7.80 306.97 1.25 7.03 276.66</u></div>
<div><u>Mdsx FOB N/A N/A 1.80N/A 1.15 6.93 272.72</u></div>
<div><u>FOB SW Que 2.21 8.56 336.89N/A</u></div>
<div><u>Track 1.88 8.22 323.71N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.42 7.20 283.35</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.84 7.62 299.89</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 1.45 7.23 284.53</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.75 7.53 296.34</u></div>
<div><u>W O Feed 1.93 8.27 325.71</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.90 8.25 324.69</u></div>
<div><u>Toledo El. -0.19 6.16 242.40 -0.32 5.46 214.95</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.15 6.93 272.72</u></div>
<div><u>Prescott 2.10 8.45 332.56 1.81 7.59 298.71</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 7.64 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.269 down 0.0008</u></div>
<div><u>Chicago soybeans closed slightly higher to higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 15.39 NOV22 HI 13.89</u></div>
<div><u> LOW 14.85 LOW 13.62 1/4</u></div>
<div><u> CLOSE15.28 1/2 Up 38 CLOSE 13.82 Up 15</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+MAY22+MAY22</u></div>
<div><u>CK Low 3.60 18.89 693.90 2.95 16.77 616.19</u></div>
<div><u>CK High 3.70 18.99 697.58 3.10 16.92 621.70</u></div>
<div><u>CK Average 3.64 -0.38 18.92 695.22 3.01 -0.57 16.83 618.24</u></div>
<div><u>Essex Cty 3.65 18.94 695.74 2.95 16.77 616.19</u></div>
<div><u>Mdsx Low 3.59 18.88 693.54 2.98 16.80 617.29</u></div>
<div><u>Mdsx High 3.65 18.94 695.74 3.00 16.82 618.03</u></div>
<div><u>Mdsx Average3.61 -0.39 18.90 694.39 2.99 -0.58 16.81 617.78</u></div>
<div><u>Hensall 3.63 18.92 695.13 3.00 16.82 618.03</u></div>
<div><u>Bruce 3.70 18.99 697.58 3.10 16.92 621.70</u></div>
<div><u>Putnam 3.60 18.89 693.90 3.00 16.82 618.03</u></div>
<div><u>Burford 3.66 18.95 696.11 3.05 16.87 619.87</u></div>
<div><u>Port Perry 3.55 18.84 692.07 2.94 16.76 615.82</u></div>
<div><u>Norfolk 3.65 18.94 695.74 3.00 16.82 618.03</u></div>
<div><u>Palmerston 3.67 18.96 696.48 2.98 16.80 617.29</u></div>
<div><u>Varna 3.65 18.94 695.74 3.00 16.82 618.03</u></div>
<div><u>Trenton 3.65 18.94 695.74 3.05 16.87 619.87</u></div>
<div><u>Winchester 3.72 19.01 698.31 3.10 16.92 621.70</u></div>
<div><u>North Gower 3.40 18.69 686.56 3.00 16.82 618.03</u></div>
<div><u>Vankleek Hil4.25 19.54 717.79 3.28 17.10 628.32</u></div>
<div><u>Huron FOB 3.77 3.90 3.91 3.97 19.06 700.15 N/A</u></div>
<div><u>Kent FOB 3.85 19.14 703.09 3.00 16.82 618.03</u></div>
<div><u>Lambton FOB 3.80 19.09 701.25 3.10 16.92 621.70</u></div>
<div><u>Mdsx FOB 3.78 3.90 3.91 N/A 19.07 700.52 3.17 16.99 624.28</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.38 19.67 722.57 3.33 17.15 630.15</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.10 19.39 712.28 3.45 17.27 634.56</u></div>
<div><u>Prescott N/A 3.49 17.31 636.03</u></div>
<div><u>Port Colborn4.12 19.41 713.01 3.58 17.40 639.34</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 15.03 552.30 -0.51 13.31 489.13</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.269 down 0.0008</u></div>
<div><u>Chicago wheat closed slightly to moderately higher.</u></div>
<div><u>MAR22 HI 7.76 3/4 JUL22 HI 7.73 3/4</u></div>
<div><u> LOW 7.60 1/2 LOW 7.60</u></div>
<div><u> CLOSE 7.69 Up 7 3/4 CLOSE 7.67 1/2 Up 7</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly to moderately higher.</u></div>
<div><u>MAR22 HI 9.23 SEP22 HI 8.90 1/4</u></div>
<div><u> LOW 9.06 LOW 8.72 1/2</u></div>
<div><u> CLOSE 9.15 Up 8 1/2 CLOSE 8.80 1/2 Up 3 3/4</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 1.25 N/A N/A N/A 1.55 N/A</u></div>
<div><u>London 1.31 1.57 1.19 N/A 2.07 1.81 1.49 N/A</u></div>
<div><u>Hensall 1.25 N/A 1.25 N/A 2.35 N/A 1.55 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 1.50 N/A</u></div>
<div><u>Bruce 1.25 1.75 1.25 N/A 2.25 1.75 1.55 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 1.25 N/A 1.25 N/A 2.35 N/A 1.55 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 1.25 N/A 1.25 N/A 2.35 N/A 1.55 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 2.07 1.24 1.82 N/A N/A 1.56 1.61</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 1.25 1.90 1.25 N/A 2.35 1.75 1.55 N/A</u></div>
<div><u>Thornton 1.31 1.57 1.19 1.95 2.07 1.81 1.49 N/A</u></div>
<div><u>North Gower N/A 1.00 1.35 1.12 N/A N/A 1.60 N/A</u></div>
<div><u>W O Feed 2.02</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.62 N/A N/A N/A 2.08 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 2.20 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.54US 9.57CA 7.63US 9.68CA</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 645.97</u></div>
<u><span>DDG's FOB Srn & Aylm 315.00</span><br>
</u></div>
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<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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