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<div class="elementToProof"><span style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0); background-color: rgb(255, 255, 255);" class="ContentPasted0"><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 13</u></span></div>
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<div class="ContentPasted0">(All Bases in CAD)</div>
<div class="ContentPasted0">Exchange rate was 1.3387 up 0.0042</div>
<div class="ContentPasted0">Chicago corn closed slightly higher.</div>
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<div class="ContentPasted0">      MAR23   HI 6.76  3/4                    DEC23    HI 5.98  3/4</div>
<div class="ContentPasted0">             LOW 6.69  3/4                            LOW 5.95</div>
<div class="ContentPasted0">            CLOSE6.75   Up 4                        CLOSE 5.98  1/2  Up 2 1/2</div>
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<div class="ContentPasted0">            OLD CROP BASIS                          NEW CROP BASIS</div>
<div class="ContentPasted0">Location    Spot   1mt   2mt   3mt U.S. $/bu   $/mt Cntrct U.S.   $/bu   $/mt</div>
<div class="ContentPasted0">ELEVATORS        +MAR23+MAY23+MAY23</div>
<div class="ContentPasted0">CK Low       1.30                        8.05 316.91  1.25         7.24 284.83</div>
<div class="ContentPasted0">CK High      1.40                        8.15 320.85  1.35         7.34 288.77</div>
<div class="ContentPasted0">CK Avg       1.39                  -0.67 8.14 320.29  1.30 -0.54   7.29 286.80</div>
<div class="ContentPasted0">Essex Cty    1.30                        8.05 316.91  1.25         7.24 284.83</div>
<div class="ContentPasted0">Mdsx Low     1.40                        8.15 320.85  1.30         7.29 286.80</div>
<div class="ContentPasted0">Mdsx High    1.40                        8.15 320.85  1.30         7.29 286.80</div>
<div class="ContentPasted0">Mdsx Avg     1.40                  -0.66 8.15 320.85  1.30 -0.54   7.29 286.80</div>
<div class="ContentPasted0">Hensall      1.42                        8.17 321.51  1.32         7.30 287.45</div>
<div class="ContentPasted0">Bruce        1.40                        8.15 320.85  1.30         7.29 286.80</div>
<div class="ContentPasted0">Putnam       1.40                        8.15 320.85  1.30         7.29 286.80</div>
<div class="ContentPasted0">Burford      1.40                        8.15 320.85  1.30         7.29 286.80</div>
<div class="ContentPasted0">Port Perry   0.95                        7.70 303.14  1.20         7.19 282.86</div>
<div class="ContentPasted0">Norfolk      1.40                        8.15 320.85  1.30         7.29 286.80</div>
<div class="ContentPasted0">Palmerston   1.35                        8.10 318.88N/A</div>
<div class="ContentPasted0">Varna        1.40                        8.15 320.85  1.30         7.29 286.80</div>
<div class="ContentPasted0">Belmore      1.30                        8.05 316.91  1.30         7.29 286.80</div>
<div class="ContentPasted0">Trenton      1.20                        7.95 312.98  1.30         7.29 286.80</div>
<div class="ContentPasted0">Winchester   1.45                        8.20 322.82  1.35         7.34 288.77</div>
<div class="ContentPasted0">North Gower  1.37                        8.12 319.67  1.40         7.39 290.73</div>
<div class="ContentPasted0">Vankleek Hil 1.61                        8.36 329.12  1.34         7.33 288.37</div>
<div class="ContentPasted0">Huron FOB    1.40  1.45  1.52N/A         8.15 320.85N/A</div>
<div class="ContentPasted0">Kent FOB     1.55                        8.30 326.76  1.30         7.29 286.80</div>
<div class="ContentPasted0">Lamb FOB     1.70                        8.45 332.66N/A</div>
<div class="ContentPasted0">Mdsx FOB     1.50  1.55N/A   N/A         8.25 324.79  1.25         7.24 284.83</div>
<div class="ContentPasted0">FOB SW Que   2.37                        9.12 359.04N/A</div>
<div class="ContentPasted0">Track        2.01                        8.76 344.96N/A</div>
<div class="ContentPasted0">PROCESSORS</div>
<div class="ContentPasted0">Chat-Eth    N/A  N/A   N/A   N/A                      N/A</div>
<div class="ContentPasted0">Jhnstwn-Eth N/A  N/A   N/A   N/A                    N/A</div>
<div class="ContentPasted0">Aylmer-Eth  N/A  N/A   N/A   N/A                    N/A</div>
<div class="ContentPasted0">Sarn-Eth    N/A  N/A   N/A   N/A                    N/A</div>
<div class="ContentPasted0">London-Ing  N/A  N/A   N/A   N/A                      1.90         7.89 310.42</div>
<div class="ContentPasted0">Cardnl-Ing  N/A  N/A   N/A   N/A                      2.00         7.99 314.36</div>
<div class="ContentPasted0">W O Feed     2.01                        8.76 344.96</div>
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<div class="ContentPasted0">US Rep       2.50                        9.25 364.16</div>
<div class="ContentPasted0">Toledo El.  -0.27                        6.48 255.20 -0.40         5.58 219.81</div>
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<div class="ContentPasted0">TRANSFER</div>
<div class="ContentPasted0">Pt. Colb     1.40                        8.15 320.85  1.35         7.34 288.77</div>
<div class="ContentPasted0">Prescott     1.99                        8.74 344.08  1.87         7.86 309.24</div>
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<div class="ContentPasted0">HI SD CRN    1.40                        8.15</div>
<div class="ContentPasted0">*Wet Bid</div>
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<div class="ContentPasted0">Exchange rate was 1.3387 up 0.0042</div>
<div class="ContentPasted0">Chicago soybeans closed mixed.</div>
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<div class="ContentPasted0">      MAR23   HI 15.33                   NOV23     HI 14.00</div>
<div class="ContentPasted0">             LOW 15.13  1/4                       LOW 13.86  1/4</div>
<div class="ContentPasted0">            CLOSE15.27  3/4  Up 9 1/4           CLOSE 13.93   Down 3 1/4</div>
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<div class="ContentPasted0">            OLD CROP                                  NEW CROP</div>
<div class="ContentPasted0">Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt</div>
<div class="ContentPasted0">ELEVATORS        +MAR23+MAR23+MAY23</div>
<div class="ContentPasted0">CK Low      4.60                         19.88 730.37  4.00        17.93 658.81</div>
<div class="ContentPasted0">CK High     4.75                         20.03 735.88  4.10        18.03 662.49</div>
<div class="ContentPasted0">CK Average  4.69                   -0.36 19.97 733.84  4.04 -0.51  17.97 660.28</div>
<div class="ContentPasted0">Essex Cty   4.75                         20.03 735.88  4.00        17.93 658.81</div>
<div class="ContentPasted0">Mdsx Low    4.60                         19.88 730.37  4.00        17.93 658.81</div>
<div class="ContentPasted0">Mdsx High   4.75                         20.03 735.88  4.07        18.00 661.39</div>
<div class="ContentPasted0">Mdsx Average4.69                   -0.36 19.97 733.59  4.04 -0.50  17.97 660.38</div>
<div class="ContentPasted0">Hensall     4.70                         19.98 734.05  4.05        17.98 660.65</div>
<div class="ContentPasted0">Bruce       4.70                         19.98 734.05  4.05        17.98 660.65</div>
<div class="ContentPasted0">Putnam      4.70                         19.98 734.05  4.05        17.98 660.65</div>
<div class="ContentPasted0">Burford     4.82                         20.10 738.46  4.14        18.07 663.96</div>
<div class="ContentPasted0">Port Perry  4.66                         19.94 732.58  3.98        17.91 658.08</div>
<div class="ContentPasted0">Norfolk     4.70                         19.98 734.05  4.05        17.98 660.65</div>
<div class="ContentPasted0">Palmerston  4.65                         19.93 732.21  N/A</div>
<div class="ContentPasted0">Varna       4.65                         19.93 732.21  3.95        17.88 656.98</div>
<div class="ContentPasted0">Trenton     4.70                         19.98 734.05  4.00        17.93 658.81</div>
<div class="ContentPasted0">Winchester  4.79                         20.07 737.35  4.00        17.93 658.81</div>
<div class="ContentPasted0">North Gower 4.62                         19.90 731.11  4.35        18.28 671.68</div>
<div class="ContentPasted0">Vankleek Hil5.14                         20.42 750.21  4.11        18.04 662.86</div>
<div class="ContentPasted0">Huron FOB   4.82  4.87  4.95  N/A        20.10 738.46  N/A</div>
<div class="ContentPasted0">Kent FOB    5.00                         20.28 745.07  4.05        17.98 660.65</div>
<div class="ContentPasted0">Lambton FOB 4.90                         20.18 741.40  N/A</div>
<div class="ContentPasted0">Mdsx FOB    4.96  5.10  N/A   N/A        20.24 743.60  4.06        17.99 661.02</div>
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<div class="ContentPasted0">PROCESSORS</div>
<div class="ContentPasted0">Windsor     5.50                         20.78 763.44  4.52        18.45 677.92</div>
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<div class="ContentPasted0">TRANSFER</div>
<div class="ContentPasted0">Hamilton    5.45                         20.73 761.61  4.55        18.48 679.02</div>
<div class="ContentPasted0">Prescott     N/A                                       4.38        18.31 672.78</div>
<div class="ContentPasted0">Port Colborn N/A                                       4.55        18.48 679.02</div>
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<div class="ContentPasted0">Toledo El.  -0.27                        15.01 551.51 -0.60        13.33 489.71</div>
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<div class="ContentPasted0">Exchange rate was 1.3387 up 0.0042</div>
<div class="ContentPasted0">Chicago wheat closed mixed.</div>
<div class="ContentPasted0">MAR23      HI     7.48  1/2            JUL23   HI         7.59</div>
<div class="ContentPasted0">           LOW    7.37  1/4                    LOW     7.47  1/2</div>
<div class="ContentPasted0">           CLOSE  7.43  3/4  Up 1              CLOSE   7.53  3/4  Down  1/2</div>
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<div class="ContentPasted0">Minni wheat closed steady to slightly higher.</div>
<div class="ContentPasted0">MAR23      HI     9.17  1/2            SEP23   HI      8.90  1/2</div>
<div class="ContentPasted0">           LOW       9.07                      LOW     8.76  1/2</div>
<div class="ContentPasted0">           CLOSE  9.12  1/4  Unchanged         CLOSE   8.82  1/4  Up 1 1/4</div>
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<div class="ContentPasted0">Direct MarkHarvest 2022                Harvest 2023</div>
<div class="ContentPasted0">           DELIVERED BASIS             DELIVERED BASIS</div>
<div class="ContentPasted0">Location   SWW(C) HRW(C) SRW(C) HRS(M) SWW(C)  HRW(C)  SRW(C) HRS(M)</div>
<div class="ContentPasted0">ELEVATORS</div>
<div class="ContentPasted0">Brgssvll     N/A    N/A   1.20    N/A    N/A     N/A    1.30    N/A</div>
<div class="ContentPasted0">London      2.47   2.20   1.26    N/A    2.64    1.83   1.23    N/A</div>
<div class="ContentPasted0">Hensall     4.10    N/A   1.20    N/A    2.85    N/A    1.30    N/A</div>
<div class="ContentPasted0">Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.35    N/A</div>
<div class="ContentPasted0">Bruce       2.20   1.70   1.25   1.15    2.30    1.80   1.30   1.15</div>
<div class="ContentPasted0">Essex        N/A    N/A   1.20    N/A    N/A     N/A    1.25    N/A</div>
<div class="ContentPasted0">Norwich     4.10    N/A   1.20    N/A    2.85    N/A    1.30    N/A</div>
<div class="ContentPasted0">Port Hope    N/A    N/A   1.20    N/A    N/A     N/A    1.30    N/A</div>
<div class="ContentPasted0">Kent Bridge 4.10    N/A   1.20    N/A    2.85    N/A    1.30    N/A</div>
<div class="ContentPasted0">Chatham      N/A    N/A   1.20    N/A    N/A     N/A    1.25    N/A</div>
<div class="ContentPasted0">Brigden      N/A    N/A   1.20    N/A    N/A     N/A    1.25    N/A</div>
<div class="ContentPasted0">Palmerston   N/A   2.12   1.25   2.29    N/A     N/A     N/A    N/A</div>
<div class="ContentPasted0">Varna       4.05   2.10   1.25    N/A    2.55    1.80   1.30    N/A</div>
<div class="ContentPasted0">Mitchell    4.10    N/A   1.20    N/A    2.85    1.90   1.30    N/A</div>
<div class="ContentPasted0">Thornton    2.47   2.20   1.26   1.98    2.64    1.93   1.23    N/A</div>
<div class="ContentPasted0">North Gower  N/A   1.00   1.40   1.47    N/A     1.25   1.65   1.37</div>
<div class="ContentPasted0">W O Feed                  2.09</div>
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<div class="ContentPasted0">TERMINAL</div>
<div class="ContentPasted0">Port Colbor  N/A    N/A   1.93    N/A    N/A     N/A    1.83    N/A</div>
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<div class="ContentPasted0">PROCESSORS</div>
<div class="ContentPasted0">Toledo FM    N/A    N/A   2.52    N/A    N/A     N/A    2.42    N/A</div>
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<div class="ContentPasted0">Toledo El. 7.19US        9.62CA         7.29US         9.76CA</div>
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<div class="ContentPasted0">(C)-Basis over the Chicago Board of Trade futures</div>
<div class="ContentPasted0">(M)-Basis over the Minneapolis Grain Exchange</div>
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<div class="ContentPasted0">FEED GRAINS</div>
<div class="ContentPasted0">FOB Hm Soymeal            739.99</div>
<div class="ContentPasted0">DDG's FOB Aylm            370.00</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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