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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 2</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2669 down 0.0021</u></div>
<div><u>Chicago corn closed slightly to moderately lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.40 3/4 DEC22 HI 5.80 1/4</u></div>
<div><u> LOW 6.16 3/4 LOW 5.69 1/4</u></div>
<div><u> CLOSE6.22 1/2 Down 12 1/4 CLOSE 5.73 Down 4 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 +MAY22+MAY22+JUL22</u></div>
<div><u>CK Low 1.25 7.48 294.28 1.05 6.78 266.92</u></div>
<div><u>CK High 1.30 7.53 296.25 1.10 6.83 268.89</u></div>
<div><u>CK Avg 1.29 -0.30 7.51 295.68 1.09 -0.35 6.82 268.60</u></div>
<div><u>Essex Cty 1.30 7.53 296.25 1.10 6.83 268.89</u></div>
<div><u>Mdsx Low 1.25 7.48 294.28 1.10 6.83 268.89</u></div>
<div><u>Mdsx High 1.30 7.53 296.25 1.10 6.83 268.89</u></div>
<div><u>Mdsx Avg 1.27 -0.31 7.49 294.93 1.10 -0.34 6.83 268.89</u></div>
<div><u>Hensall 1.28 7.51 295.59 1.12 6.85 269.54</u></div>
<div><u>Bruce 1.30 7.53 296.25 1.10 6.83 268.89</u></div>
<div><u>Putnam 1.30 7.53 296.25 1.10 6.83 268.89</u></div>
<div><u>Burford 1.25 7.48 294.28 1.10 6.83 268.89</u></div>
<div><u>Port Perry 1.20 7.43 292.31 1.10 6.83 268.89</u></div>
<div><u>Norfolk 1.30 7.53 296.25 1.10 6.83 268.89</u></div>
<div><u>Palmerston 1.16 7.39 290.73 1.03 6.76 266.13</u></div>
<div><u>Varna 1.25 7.48 294.28 1.10 6.83 268.89</u></div>
<div><u>Belmore 1.30 7.53 296.25 1.10 6.83 268.89</u></div>
<div><u>Trenton 1.30 7.53 296.25 1.10 6.83 268.89</u></div>
<div><u>Winchester 1.55 7.78 306.09 1.40 7.13 280.70</u></div>
<div><u>North Gower 1.45 7.68 302.15 1.40 7.13 280.70</u></div>
<div><u>Vankleek Hil 1.57 7.80 306.88 1.43 7.16 281.88</u></div>
<div><u>Huron FOB 1.29 1.36 1.40 1.50 7.52 295.85N/A</u></div>
<div><u>Kent FOB 1.45 7.68 302.15 1.20 6.93 272.82</u></div>
<div><u>Lamb FOB 1.45 7.68 302.15 1.25 6.98 274.79</u></div>
<div><u>Mdsx FOB N/A N/A 1.55N/A 1.25 6.98 274.79</u></div>
<div><u>FOB SW Que 2.17 8.40 330.50N/A</u></div>
<div><u>Track 1.82 8.05 316.72N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.50 7.23 284.63</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.63 7.36 289.75</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 7.18 282.66</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.75 7.48 294.47</u></div>
<div><u>W O Feed 1.87 8.10 318.84</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.85 8.08 317.90</u></div>
<div><u>Toledo El. -0.19 6.03 237.59 -0.32 5.41 213.10</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.15 6.88 270.85</u></div>
<div><u>Prescott 2.07 8.30 326.56 1.81 7.54 296.84</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 7.52 1/2</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2669 down 0.0021</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 15.64 NOV22 HI 13.99</u></div>
<div><u> LOW 15.26 LOW 13.76 1/4</u></div>
<div><u> CLOSE15.45 1/4 Up 16 3/4 CLOSE 13.89 3/4 Up 7 3/4</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+MAY22+MAY22</u></div>
<div><u>CK Low 3.60 19.05 700.06 2.95 16.85 619.04</u></div>
<div><u>CK High 3.75 19.20 705.57 3.05 16.95 622.71</u></div>
<div><u>CK Average 3.65 -0.38 19.10 701.79 3.00 -0.57 16.90 620.88</u></div>
<div><u>Essex Cty 3.65 19.10 701.90 2.95 16.85 619.04</u></div>
<div><u>Mdsx Low 3.60 19.05 700.06 2.99 16.89 620.51</u></div>
<div><u>Mdsx High 3.65 19.10 701.90 3.00 16.90 620.88</u></div>
<div><u>Mdsx Average3.62 -0.40 19.08 700.92 3.00 -0.58 16.89 620.75</u></div>
<div><u>Hensall 3.63 19.09 701.28 3.00 16.90 620.88</u></div>
<div><u>Bruce 3.60 19.05 700.06 3.00 16.90 620.88</u></div>
<div><u>Putnam 3.60 19.05 700.06 3.00 16.90 620.88</u></div>
<div><u>Burford 3.69 19.14 703.37 3.06 16.96 623.08</u></div>
<div><u>Port Perry 3.58 19.03 699.32 2.95 16.85 619.04</u></div>
<div><u>Norfolk 3.65 19.10 701.90 3.00 16.90 620.88</u></div>
<div><u>Palmerston 3.62 19.07 700.79 2.98 16.88 620.14</u></div>
<div><u>Varna 3.65 19.10 701.90 3.00 16.90 620.88</u></div>
<div><u>Trenton 3.65 19.10 701.90 3.00 16.90 620.88</u></div>
<div><u>Winchester 3.72 19.17 704.47 3.10 17.00 624.55</u></div>
<div><u>North Gower 3.50 18.95 696.39 3.10 17.00 624.55</u></div>
<div><u>Vankleek Hil4.27 19.72 724.68 3.30 17.20 631.90</u></div>
<div><u>Huron FOB 3.88 4.01 4.02 4.09 19.33 710.35 N/A</u></div>
<div><u>Kent FOB 3.85 19.30 709.25 3.00 16.90 620.88</u></div>
<div><u>Lambton FOB 3.80 19.25 707.41 3.10 17.00 624.55</u></div>
<div><u>Mdsx FOB 3.81 3.94 4.01 N/A 19.26 707.78 3.18 17.08 627.49</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.36 19.81 727.98 3.32 17.22 632.63</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.10 19.55 718.43 3.45 17.35 637.41</u></div>
<div><u>Prescott N/A 3.52 17.42 639.98</u></div>
<div><u>Port Colborn4.16 19.61 720.64 3.59 17.49 642.56</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 15.20 558.47 -0.51 13.39 492.01</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2669 down 0.0021</u></div>
<div><u>Chicago wheat closed moderately lower.</u></div>
<div><u>MAR22 HI 7.78 1/2 JUL22 HI 7.75 3/4</u></div>
<div><u> LOW 7.49 1/4 LOW 7.50 3/4</u></div>
<div><u> CLOSE 7.55 Down 14 CLOSE 7.55 Down 12 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR22 HI 9.27 SEP22 HI 8.90 1/2</u></div>
<div><u> LOW 9.02 3/4 LOW 8.70</u></div>
<div><u> CLOSE 9.08 Down 7 CLOSE 8.76 3/4 Down 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 1.30 1.55 1.17 N/A 2.05 1.80 1.48 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 1.55 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 1.25 N/A N/A N/A 1.55 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 2.02 1.19 1.80 N/A N/A 1.53 1.59</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 1.30 1.55 1.17 1.86 2.05 1.80 1.48 N/A</u></div>
<div><u>North Gower N/A 1.00 1.35 1.12 N/A N/A 1.61 N/A</u></div>
<div><u>W O Feed 1.96</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.61 N/A N/A N/A 2.07 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 2.40 N/A N/A N/A 2.15 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.40US 9.38CA 7.50US 9.51CA</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 644.97</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: 10pt; font-family: "Courier New";">Fax. 519-674-1530<br>
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