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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, February 3</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2681 up 0.0012</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.24 1/4 DEC22 HI 5.74</u></div>
<div><u> LOW 6.10 1/4 LOW 5.65</u></div>
<div><u> CLOSE6.16 3/4 Down 5 3/4 CLOSE 5.68 1/4 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 7.42 292.01 1.05 6.73 265.05</u></div>
<div><u>CK High 1.30 7.47 293.98 1.10 6.78 267.02</u></div>
<div><u>CK Avg 1.29 -0.29 7.45 293.42 1.09 -0.33 6.78 266.73</u></div>
<div><u>Essex Cty 1.30 7.47 293.98 1.10 6.78 267.02</u></div>
<div><u>Mdsx Low 1.25 7.42 292.01 1.10 6.78 267.02</u></div>
<div><u>Mdsx High 1.30 7.47 293.98 1.10 6.78 267.02</u></div>
<div><u>Mdsx Avg 1.27 -0.30 7.43 292.67 1.10 -0.33 6.78 267.02</u></div>
<div><u>Hensall 1.30 7.47 293.98 1.12 6.80 267.67</u></div>
<div><u>Bruce 1.30 7.47 293.98 1.10 6.78 267.02</u></div>
<div><u>Putnam 1.30 7.47 293.98 1.10 6.78 267.02</u></div>
<div><u>Burford 1.25 7.42 292.01 1.10 6.78 267.02</u></div>
<div><u>Port Perry 1.20 7.37 290.05 1.10 6.78 267.02</u></div>
<div><u>Norfolk 1.30 7.47 293.98 1.10 6.78 267.02</u></div>
<div><u>Palmerston 1.20 7.37 290.05 1.08 6.76 266.23</u></div>
<div><u>Varna 1.25 7.42 292.01 1.10 6.78 267.02</u></div>
<div><u>Belmore 1.30 7.47 293.98 1.10 6.78 267.02</u></div>
<div><u>Trenton 1.30 7.47 293.98 1.10 6.78 267.02</u></div>
<div><u>Winchester 1.55 7.72 303.82 1.40 7.08 278.83</u></div>
<div><u>North Gower 1.50 7.67 301.86 1.40 7.08 278.83</u></div>
<div><u>Vankleek Hil 1.53 7.70 303.04 1.40 7.08 278.83</u></div>
<div><u>Huron FOB 1.33 1.36 1.40 1.49 7.50 295.16N/A</u></div>
<div><u>Kent FOB 1.45 7.62 299.89 1.20 6.88 270.95</u></div>
<div><u>Lamb FOB 1.45 7.62 299.89 1.25 6.93 272.92</u></div>
<div><u>Mdsx FOB N/A N/A 1.55N/A 1.25 6.93 272.92</u></div>
<div><u>FOB SW Que 2.29 8.46 332.96N/A</u></div>
<div><u>Track 1.80 7.97 313.67N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.50 7.18 282.76</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.63 7.31 287.88</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 7.13 280.79</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.70 7.38 290.64</u></div>
<div><u>W O Feed 1.85 8.02 315.79</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.83 8.00 314.85</u></div>
<div><u>Toledo El. -0.19 5.98 235.32 -0.32 5.37 211.24</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.15 6.83 268.98</u></div>
<div><u>Prescott 2.03 8.20 322.72 1.78 7.46 293.79</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 7.46 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 1.2681 up 0.0012</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 15.60 NOV22 HI 13.99 3/4</u></div>
<div><u> LOW 15.29 LOW 13.78 1/4</u></div>
<div><u> CLOSE15.44 1/4 Down 1 CLOSE 13.92 3/4 Up 3</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 19.04 699.69 2.99 16.92 621.61</u></div>
<div><u>CK High 3.75 19.19 705.20 3.05 16.98 623.82</u></div>
<div><u>CK Average 3.69 -0.35 19.14 703.10 3.02 -0.55 16.95 622.71</u></div>
<div><u>Essex Cty 3.75 19.19 705.20 3.00 16.93 621.98</u></div>
<div><u>Mdsx Low 3.60 19.04 699.69 2.98 16.91 621.24</u></div>
<div><u>Mdsx High 3.75 19.19 705.20 3.05 16.98 623.82</u></div>
<div><u>Mdsx Average3.66 -0.38 19.11 702.02 3.01 -0.56 16.94 622.35</u></div>
<div><u>Hensall 3.63 19.08 700.92 3.00 16.93 621.98</u></div>
<div><u>Bruce 3.60 19.04 699.69 3.00 16.93 621.98</u></div>
<div><u>Putnam 3.60 19.04 699.69 3.00 16.93 621.98</u></div>
<div><u>Burford 3.71 19.15 703.73 3.05 16.98 623.82</u></div>
<div><u>Port Perry 3.60 19.04 699.69 2.94 16.87 619.77</u></div>
<div><u>Norfolk 3.75 19.19 705.20 3.05 16.98 623.82</u></div>
<div><u>Palmerston 3.60 19.04 699.69 2.96 16.89 620.51</u></div>
<div><u>Varna 3.65 19.09 701.53 3.00 16.93 621.98</u></div>
<div><u>Trenton 3.65 19.09 701.53 3.00 16.93 621.98</u></div>
<div><u>Winchester 3.75 19.19 705.20 3.10 17.03 625.65</u></div>
<div><u>North Gower 3.60 19.04 699.69 3.20 17.13 629.33</u></div>
<div><u>Vankleek Hil4.29 19.73 725.05 3.30 17.23 633.00</u></div>
<div><u>Huron FOB 3.82 3.95 3.96 4.02 19.26 707.78 N/A</u></div>
<div><u>Kent FOB 4.00 19.44 714.39 3.05 16.98 623.82</u></div>
<div><u>Lambton FOB 3.80 19.24 707.04 3.10 17.03 625.65</u></div>
<div><u>Mdsx FOB 3.77 3.90 3.97 N/A 19.21 705.94 3.17 17.10 628.23</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.38 19.82 728.35 3.32 17.25 633.74</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.20 19.64 721.74 3.50 17.43 640.35</u></div>
<div><u>Prescott N/A 3.52 17.45 641.09</u></div>
<div><u>Port Colborn4.12 19.56 718.80 3.58 17.51 643.29</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 15.19 558.10 -0.51 13.42 493.13</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2681 up 0.0012</u></div>
<div><u>Chicago wheat closed slightly lower to steady.</u></div>
<div><u>MAR22 HI 7.56 1/2 JUL22 HI 7.57 3/4</u></div>
<div><u> LOW 7.40 LOW 7.42 1/4</u></div>
<div><u> CLOSE 7.51 3/4 Down 3 1/4 CLOSE 7.52 1/4 Down 2 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR22 HI 9.07 1/4 SEP22 HI 8.76 3/4</u></div>
<div><u> LOW 8.96 1/2 LOW 8.68</u></div>
<div><u> CLOSE 9.00 3/4 Down 7 1/4 CLOSE 8.72 1/4 Down 4 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 1.25 N/A N/A N/A 1.55 N/A</u></div>
<div><u>London 1.23 1.49 1.11 N/A 1.99 1.74 1.42 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 1.99 1.17 1.76 N/A N/A 1.51 1.56</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 1.23 1.49 1.11 1.84 1.99 1.74 1.42 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 1.94</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.57 N/A N/A N/A 2.00 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 2.13 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.37US 9.34CA 7.47US 9.47CA</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 647.18</u></div>
<span><u>DDG's FOB Srn & Aylm 315.00</u></span><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: 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>
<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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