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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 11</u>
<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3412 down 0.0006</u></div>
<div class="ContentPasted0"><u>Chicago corn closed steady to slightly higher.</u></div>
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<div class="ContentPasted0"><u>      MAR23   HI 6.59                         DEC23    HI 5.92</u></div>
<div class="ContentPasted0"><u>             LOW 6.52  3/4                            LOW 5.87  1/2</u></div>
<div class="ContentPasted0"><u>            CLOSE6.56   Up 1                        CLOSE 5.89  1/4  Unchanged</u></div>
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<div class="ContentPasted0"><u>            OLD CROP BASIS                          NEW CROP BASIS</u></div>
<div class="ContentPasted0"><u>Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt</u></div>
<div class="ContentPasted0"><u>ELEVATORS        +MAR23+MAY23+MAY23</u></div>
<div class="ContentPasted0"><u>CK Low       1.30                        7.86 309.43  1.25         7.14 281.19</u></div>
<div class="ContentPasted0"><u>CK High      1.40                        7.96 313.37  1.30         7.19 283.16</u></div>
<div class="ContentPasted0"><u>CK Avg       1.39                  -0.64 7.95 312.81  1.29 -0.54   7.19 282.88</u></div>
<div class="ContentPasted0"><u>Essex Cty    1.30                        7.86 309.43  1.25         7.14 281.19</u></div>
<div class="ContentPasted0"><u>Mdsx Low     1.40                        7.96 313.37  1.30         7.19 283.16</u></div>
<div class="ContentPasted0"><u>Mdsx High    1.40                        7.96 313.37  1.30         7.19 283.16</u></div>
<div class="ContentPasted0"><u>Mdsx Avg     1.40                  -0.63 7.96 313.37  1.30 -0.53   7.19 283.16</u></div>
<div class="ContentPasted0"><u>Hensall      1.42                        7.98 314.03  1.32         7.21 283.81</u></div>
<div class="ContentPasted0"><u>Bruce        1.40                        7.96 313.37  1.30         7.19 283.16</u></div>
<div class="ContentPasted0"><u>Putnam       1.40                        7.96 313.37  1.30         7.19 283.16</u></div>
<div class="ContentPasted0"><u>Burford      1.40                        7.96 313.37  1.30         7.19 283.16</u></div>
<div class="ContentPasted0"><u>Port Perry   1.00                        7.56 297.62  1.20         7.09 279.22</u></div>
<div class="ContentPasted0"><u>Norfolk      1.40                        7.96 313.37  1.30         7.19 283.16</u></div>
<div class="ContentPasted0"><u>Palmerston   1.31                        7.87 309.83N/A</u></div>
<div class="ContentPasted0"><u>Varna        1.40                        7.96 313.37  1.30         7.19 283.16</u></div>
<div class="ContentPasted0"><u>Belmore      1.30                        7.86 309.43  1.30         7.19 283.16</u></div>
<div class="ContentPasted0"><u>Trenton      1.20                        7.76 305.50  1.30         7.19 283.16</u></div>
<div class="ContentPasted0"><u>Winchester   1.45                        8.01 315.34  1.60         7.49 294.97</u></div>
<div class="ContentPasted0"><u>North Gower  1.37                        7.93 312.19  1.40         7.29 287.09</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 1.61                        8.17 321.64  1.34         7.23 284.73</u></div>
<div class="ContentPasted0"><u>Huron FOB    1.40  1.45  1.50N/A         7.96 313.37N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB     1.55                        8.11 319.28  1.30         7.19 283.16</u></div>
<div class="ContentPasted0"><u>Lamb FOB     1.70                        8.26 325.18N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB     1.50  1.50N/A   N/A         8.06 317.31  1.25         7.14 281.19</u></div>
<div class="ContentPasted0"><u>FOB SW Que   2.40                        8.96 352.74N/A</u></div>
<div class="ContentPasted0"><u>Track        2.01                        8.57 337.48N/A</u></div>
<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Chat-Eth    N/A  N/A   N/A   N/A                      N/A</u></div>
<div class="ContentPasted0"><u>Jhnstwn-Eth N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>Aylmer-Eth  N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>Sarn-Eth    N/A  N/A   N/A   N/A                    N/A</u></div>
<div class="ContentPasted0"><u>London-Ing  N/A  N/A   N/A   N/A                      1.90         7.79 306.78</u></div>
<div class="ContentPasted0"><u>Cardnl-Ing  N/A  N/A   N/A   N/A                      2.00         7.89 310.71</u></div>
<div class="ContentPasted0"><u>W O Feed     2.01                        8.57 337.48</u></div>
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<div class="ContentPasted0"><u>US Rep       2.50                        9.06 356.68</u></div>
<div class="ContentPasted0"><u>Toledo El.  -0.27                        6.29 247.70 -0.40         5.49 216.14</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb     1.40                        7.96 313.37  1.35         7.24 285.12</u></div>
<div class="ContentPasted0"><u>Prescott     1.99                        8.55 336.60  1.87         7.76 305.60</u></div>
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<div class="ContentPasted0"><u>HI SD CRN    1.40                        7.961</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3412 down 0.0006</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed mixed.</u></div>
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<div class="ContentPasted0"><u>      MAR23   HI 15.00                   NOV23     HI 14.00  1/2</u></div>
<div class="ContentPasted0"><u>             LOW 14.82                            LOW 13.86  3/4</u></div>
<div class="ContentPasted0"><u>            CLOSE14.93   Up 8                   CLOSE 13.87   Down 3 1/2</u></div>
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<div class="ContentPasted0"><u>            OLD CROP                                  NEW CROP</u></div>
<div class="ContentPasted0"><u>Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt</u></div>
<div class="ContentPasted0"><u>ELEVATORS        +MAR23+MAR23+MAY23</u></div>
<div class="ContentPasted0"><u>CK Low      4.55                         19.48 715.77  3.95        17.82 654.77</u></div>
<div class="ContentPasted0"><u>CK High     4.65                         19.58 719.44  4.10        17.97 660.28</u></div>
<div class="ContentPasted0"><u>CK Average  4.59                   -0.37 19.52 717.39  4.01 -0.54  17.88 657.08</u></div>
<div class="ContentPasted0"><u>Essex Cty   4.65                         19.58 719.44  3.95        17.82 654.77</u></div>
<div class="ContentPasted0"><u>Mdsx Low    4.55                         19.48 715.77  4.00        17.87 656.61</u></div>
<div class="ContentPasted0"><u>Mdsx High   4.65                         19.58 719.44  4.08        17.95 659.55</u></div>
<div class="ContentPasted0"><u>Mdsx Average4.59                   -0.38 19.52 717.15  4.02 -0.53  17.89 657.34</u></div>
<div class="ContentPasted0"><u>Hensall     4.55                         19.48 715.77  4.00        17.87 656.61</u></div>
<div class="ContentPasted0"><u>Bruce       4.55                         19.48 715.77  4.00        17.87 656.61</u></div>
<div class="ContentPasted0"><u>Putnam      4.55                         19.48 715.77  4.00        17.87 656.61</u></div>
<div class="ContentPasted0"><u>Burford     4.72                         19.65 722.01  4.15        18.02 662.12</u></div>
<div class="ContentPasted0"><u>Port Perry  4.56                         19.49 716.13  3.99        17.86 656.24</u></div>
<div class="ContentPasted0"><u>Norfolk     4.60                         19.53 717.60  4.00        17.87 656.61</u></div>
<div class="ContentPasted0"><u>Palmerston  4.58                         19.51 716.87  N/A</u></div>
<div class="ContentPasted0"><u>Varna       4.55                         19.48 715.77  4.00        17.87 656.61</u></div>
<div class="ContentPasted0"><u>Trenton     4.55                         19.48 715.77  4.00        17.87 656.61</u></div>
<div class="ContentPasted0"><u>Winchester  4.70                         19.63 721.28  4.25        18.12 665.80</u></div>
<div class="ContentPasted0"><u>North Gower 4.62                         19.55 718.34  4.35        18.22 669.47</u></div>
<div class="ContentPasted0"><u>Vankleek Hil5.14                         20.07 737.45  4.11        17.98 660.65</u></div>
<div class="ContentPasted0"><u>Huron FOB   4.66  4.77  4.85  N/A        19.59 719.81  N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB    4.90                         19.83 728.63  4.00        17.87 656.61</u></div>
<div class="ContentPasted0"><u>Lambton FOB 4.90                         19.83 728.63  N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    4.90  5.03  N/A   N/A        19.83 728.63  4.10        17.97 660.28</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor     5.50                         20.43 750.67  4.52        18.39 675.72</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton    5.35                         20.28 745.16  4.45        18.32 673.14</u></div>
<div class="ContentPasted0"><u>Prescott     N/A                                       4.38        18.25 670.57</u></div>
<div class="ContentPasted0"><u>Port Colborn N/A                                       4.58        18.45 677.92</u></div>
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<div class="ContentPasted0"><u>Toledo El.  -0.27                        14.66 538.73 -0.60        13.27 487.46</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3412 down 0.0006</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed slightly higher.</u></div>
<div class="ContentPasted0"><u>MAR23      HI     7.42  1/4            JUL23   HI         7.54</u></div>
<div class="ContentPasted0"><u>           LOW    7.24  1/2                    LOW        7.39</u></div>
<div class="ContentPasted0"><u>           CLOSE  7.40   Up 9                  CLOSE   7.52  1/4  Up 8</u></div>
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<div class="ContentPasted0"><u>Minni wheat closed slightly higher.</u></div>
<div class="ContentPasted0"><u>MAR23      HI     9.01  1/2            SEP23   HI      8.77  1/2</u></div>
<div class="ContentPasted0"><u>           LOW       8.90                      LOW     8.67  1/4</u></div>
<div class="ContentPasted0"><u>           CLOSE  8.99  1/4  Up 4 3/4          CLOSE   8.76  1/4  Up 4</u></div>
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<div class="ContentPasted0"><u>Direct MarkHarvest 2022                Harvest 2023</u></div>
<div class="ContentPasted0"><u>           DELIVERED BASIS             DELIVERED BASIS</u></div>
<div class="ContentPasted0"><u>Location   SWW(C) HRW(C) SRW(C) HRS(M) SWW(C)  HRW(C)  SRW(C) HRS(M)</u></div>
<div class="ContentPasted0"><u>ELEVATORS</u></div>
<div class="ContentPasted0"><u>Brgssvll     N/A    N/A   1.20    N/A    N/A     N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>London      2.43   2.17   1.23    N/A    2.62    1.81   1.21    N/A</u></div>
<div class="ContentPasted0"><u>Hensall     4.10    N/A   1.20    N/A    2.95    N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.40    N/A</u></div>
<div class="ContentPasted0"><u>Bruce       2.20   1.70   1.20   1.15    2.30    1.80   1.30   1.15</u></div>
<div class="ContentPasted0"><u>Essex        N/A    N/A   1.25    N/A    N/A     N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>Norwich     4.10    N/A   1.20    N/A    2.95    N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>Port Hope    N/A    N/A   1.20    N/A    N/A     N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>Kent Bridge 4.10    N/A   1.20    N/A    2.95    N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>Chatham      N/A    N/A   1.25    N/A    N/A     N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>Brigden      N/A    N/A   1.25    N/A    N/A     N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>Palmerston   N/A   2.12   1.25   2.27    N/A     N/A     N/A    N/A</u></div>
<div class="ContentPasted0"><u>Varna       4.05   2.10   1.25    N/A    2.60    1.85   1.30    N/A</u></div>
<div class="ContentPasted0"><u>Mitchell    4.10    N/A   1.20    N/A    2.95    1.90   1.30    N/A</u></div>
<div class="ContentPasted0"><u>Thornton    2.43   2.17   1.23   1.92    2.62    1.81   1.21    N/A</u></div>
<div class="ContentPasted0"><u>North Gower  N/A   1.00   1.40   1.47    N/A     1.25   1.65   1.37</u></div>
<div class="ContentPasted0"><u>W O Feed                  2.09</u></div>
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<div class="ContentPasted0"><u>TERMINAL</u></div>
<div class="ContentPasted0"><u>Port Colbor  N/A    N/A   1.90    N/A    N/A     N/A    1.81    N/A</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Toledo FM    N/A    N/A   2.52    N/A    N/A     N/A    2.43    N/A</u></div>
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<div class="ContentPasted0"><u>Toledo El. 7.15US        9.59CA         7.27US         9.75CA</u></div>
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<div class="ContentPasted0"><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div class="ContentPasted0"><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
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<div class="ContentPasted0"><u>FEED GRAINS</u></div>
<div class="ContentPasted0"><u>FOB Hm Soymeal            738.12</u></div>
<div class="ContentPasted0"><u>DDG's FOB Aylm            370.00</u></div>
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<span style="font-size:10.0pt;font-family:"Courier New"">Blair Andrews<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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