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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, February 4</u></div>
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<div><u>(All Bases in CAD)</u></div>
<div><u>Exchange rate was 1.2749 up 0.0068</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 6.23 1/4 DEC22 HI 5.74 1/4</u></div>
<div><u> LOW 6.13 1/4 LOW 5.66 3/4</u></div>
<div><u> CLOSE6.20 1/2 Up 3 3/4 CLOSE 5.73 3/4 Up 5 1/2</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 7.46 293.49 1.05 6.79 267.21</u></div>
<div><u>CK High 1.30 7.51 295.46 1.10 6.84 269.18</u></div>
<div><u>CK Avg 1.29 -0.33 7.49 294.90 1.09 -0.38 6.83 268.90</u></div>
<div><u>Essex Cty 1.30 7.51 295.46 1.10 6.84 269.18</u></div>
<div><u>Mdsx Low 1.25 7.46 293.49 1.10 6.84 269.18</u></div>
<div><u>Mdsx High 1.30 7.51 295.46 1.10 6.84 269.18</u></div>
<div><u>Mdsx Avg 1.28 -0.33 7.49 294.80 1.10 -0.38 6.84 269.18</u></div>
<div><u>Hensall 1.32 7.52 296.11 1.12 6.85 269.84</u></div>
<div><u>Bruce 1.30 7.51 295.46 1.10 6.84 269.18</u></div>
<div><u>Putnam 1.30 7.51 295.46 1.10 6.84 269.18</u></div>
<div><u>Burford 1.25 7.46 293.49 1.10 6.84 269.18</u></div>
<div><u>Port Perry 1.20 7.41 291.52 1.10 6.84 269.18</u></div>
<div><u>Norfolk 1.30 7.51 295.46 1.10 6.84 269.18</u></div>
<div><u>Palmerston 1.25 7.46 293.49 1.13 6.87 270.36</u></div>
<div><u>Varna 1.30 7.51 295.46 1.10 6.84 269.18</u></div>
<div><u>Belmore 1.30 7.51 295.46 1.10 6.84 269.18</u></div>
<div><u>Trenton 1.30 7.51 295.46 1.10 6.84 269.18</u></div>
<div><u>Winchester 1.55 7.76 305.30 1.40 7.14 280.99</u></div>
<div><u>North Gower 1.50 7.71 303.33 1.40 7.14 280.99</u></div>
<div><u>Vankleek Hil 1.58 7.79 306.48 1.47 7.21 283.75</u></div>
<div><u>Huron FOB 1.39 1.43 1.47 1.56 7.60 299.00N/A</u></div>
<div><u>Kent FOB 1.45 7.66 301.36 1.20 6.94 273.12</u></div>
<div><u>Lamb FOB 1.45 7.66 301.36 1.30 7.04 277.05</u></div>
<div><u>Mdsx FOB N/A N/A 1.55N/A 1.25 6.99 275.09</u></div>
<div><u>FOB SW Que 2.48 8.69 341.91N/A</u></div>
<div><u>Track 1.86 8.06 317.31N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A N/A N/A N/A 1.50 7.24 284.93</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A 1.63 7.37 290.05</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 1.50 7.24 284.93</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.70 7.44 292.80</u></div>
<div><u>W O Feed 1.91 8.11 319.32</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.89 8.10 318.69</u></div>
<div><u>Toledo El. -0.19 6.01 236.75 -0.32 5.42 213.32</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Pt. Colb N/A 1.15 6.89 271.15</u></div>
<div><u>Prescott 2.10 8.31 326.95 1.84 7.58 298.31</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>HI SD CRN 1.30 7.50 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 1.2749 up 0.0068</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR22 HI 15.60 1/4 NOV22 HI 14.00</u></div>
<div><u> LOW 15.32 LOW 13.87 3/4</u></div>
<div><u> CLOSE15.53 1/2 Up 9 1/4 CLOSE 13.95 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 3.80 19.34 710.44 3.05 17.01 624.92</u></div>
<div><u>CK High 3.90 19.44 714.11 3.20 17.16 630.43</u></div>
<div><u>CK Average 3.82 -0.36 19.35 711.02 3.11 -0.58 17.06 627.02</u></div>
<div><u>Essex Cty 3.80 19.34 710.44 3.05 17.01 624.92</u></div>
<div><u>Mdsx Low 3.65 19.19 704.93 3.00 16.96 623.08</u></div>
<div><u>Mdsx High 3.80 19.34 710.44 3.10 17.06 626.76</u></div>
<div><u>Mdsx Average3.75 -0.41 19.29 708.60 3.06 -0.61 17.02 625.41</u></div>
<div><u>Hensall 3.80 19.34 710.44 3.07 17.02 625.53</u></div>
<div><u>Bruce 3.80 19.34 710.44 3.10 17.06 626.76</u></div>
<div><u>Putnam 3.80 19.34 710.44 3.10 17.06 626.76</u></div>
<div><u>Burford 3.87 19.41 713.01 3.16 17.12 628.96</u></div>
<div><u>Port Perry 3.76 19.30 708.97 3.05 17.01 624.92</u></div>
<div><u>Norfolk 3.80 19.34 710.44 3.10 17.06 626.76</u></div>
<div><u>Palmerston 3.67 19.21 705.66 3.00 16.96 623.08</u></div>
<div><u>Varna 3.80 19.34 710.44 3.05 17.01 624.92</u></div>
<div><u>Trenton 3.80 19.34 710.44 3.15 17.11 628.59</u></div>
<div><u>Winchester 3.90 19.44 714.11 3.20 17.16 630.43</u></div>
<div><u>North Gower 3.60 19.14 703.09 3.20 17.16 630.43</u></div>
<div><u>Vankleek Hil4.41 19.95 732.85 3.48 17.44 640.72</u></div>
<div><u>Huron FOB 3.99 4.12 4.13 4.19 19.53 717.42 N/A</u></div>
<div><u>Kent FOB 4.05 19.59 719.63 3.10 17.06 626.76</u></div>
<div><u>Lambton FOB 3.95 19.49 715.95 3.30 17.26 634.10</u></div>
<div><u>Mdsx FOB 3.92 4.05 4.12 N/A 19.46 714.85 3.31 17.27 634.47</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Windsor 4.53 20.07 737.26 3.45 17.41 639.62</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Hamilton 4.25 19.79 726.97 3.55 17.51 643.29</u></div>
<div><u>Prescott N/A 3.67 17.63 647.70</u></div>
<div><u>Port Colborn4.27 19.81 727.71 3.72 17.68 649.54</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.25 15.28 561.44 -0.51 13.45 494.11</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Exchange rate was 1.2749 up 0.0068</u></div>
<div><u>Chicago wheat closed slightly to moderately higher.</u></div>
<div><u>MAR22 HI 7.67 1/4 JUL22 HI 7.66</u></div>
<div><u> LOW 7.48 1/4 LOW 7.50 1/4</u></div>
<div><u> CLOSE 7.63 1/4 Up 11 1/2 CLOSE 7.61 3/4 Up 9 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>MAR22 HI 9.15 3/4 SEP22 HI 8.82 3/4</u></div>
<div><u> LOW 9.01 LOW 8.72</u></div>
<div><u> CLOSE 9.13 Up 12 1/4 CLOSE 8.81 1/4 Up 9</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 1.56 1.18 N/A 2.07 1.81 1.50 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 1.55 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 1.55 N/A</u></div>
<div><u>Brigden N/A N/A 1.15 N/A N/A N/A 1.55 N/A</u></div>
<div><u>Palmerston N/A 2.09 1.27 1.87 N/A N/A 1.60 1.66</u></div>
<div><u>Varna 1.55 2.05 1.30 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 1.56 1.18 1.91 2.07 1.81 1.50 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 2.04</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Port Colbor N/A N/A 1.66 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 2.48 N/A N/A N/A 2.22 N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 7.48US 9.54CA 7.57US 9.65CA</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 654.67</u></div>
<span><u>DDG's FOB Srn & Aylm 315.00</u></span><br>
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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: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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