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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Mon, January 23</u></div>
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<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3378 up 0.0000</u></div>
<div class="ContentPasted0"><u>Chicago corn closed moderately lower.</u></div>
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<div class="ContentPasted0"><u>      MAR23   HI 6.74  3/4                    DEC23    HI 5.94</u></div>
<div class="ContentPasted0"><u>             LOW 6.61  1/4                            LOW 5.83  3/4</u></div>
<div class="ContentPasted0"><u>            CLOSE6.66  1/4  Down 10                 CLOSE 5.86   Down 9 3/4</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                        7.96 313.47  1.25         7.11 279.91</u></div>
<div class="ContentPasted0"><u>CK High      1.45                        8.11 319.38  1.30         7.16 281.88</u></div>
<div class="ContentPasted0"><u>CK Avg       1.40                  -0.64 8.06 317.41  1.29 -0.51   7.15 281.60</u></div>
<div class="ContentPasted0"><u>Essex Cty    1.30                        7.96 313.47  1.25         7.11 279.91</u></div>
<div class="ContentPasted0"><u>Mdsx Low     1.40                        8.06 317.41  1.30         7.16 281.88</u></div>
<div class="ContentPasted0"><u>Mdsx High    1.40                        8.06 317.41  1.30         7.16 281.88</u></div>
<div class="ContentPasted0"><u>Mdsx Avg     1.40                  -0.64 8.06 317.41  1.30 -0.51   7.16 281.88</u></div>
<div class="ContentPasted0"><u>Hensall      1.42                        8.08 318.06  1.32         7.18 282.53</u></div>
<div class="ContentPasted0"><u>Bruce        1.40                        8.06 317.41  1.30         7.16 281.88</u></div>
<div class="ContentPasted0"><u>Putnam       1.40                        8.06 317.41  1.30         7.16 281.88</u></div>
<div class="ContentPasted0"><u>Burford      1.40                        8.06 317.41  1.30         7.16 281.88</u></div>
<div class="ContentPasted0"><u>Port Perry   1.05                        7.71 303.63  1.25         7.11 279.91</u></div>
<div class="ContentPasted0"><u>Norfolk      1.40                        8.06 317.41  1.30         7.16 281.88</u></div>
<div class="ContentPasted0"><u>Palmerston   1.32                        7.98 314.26N/A</u></div>
<div class="ContentPasted0"><u>Varna        1.40                        8.06 317.41  1.30         7.16 281.88</u></div>
<div class="ContentPasted0"><u>Belmore      1.30                        7.96 313.47  1.30         7.16 281.88</u></div>
<div class="ContentPasted0"><u>Trenton      1.25                        7.91 311.50  1.30         7.16 281.88</u></div>
<div class="ContentPasted0"><u>Winchester   1.40                        8.06 317.41  1.25         7.11 279.91</u></div>
<div class="ContentPasted0"><u>North Gower  1.37                        8.03 316.23  1.40         7.26 285.81</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 1.37                        8.03 316.23  1.17         7.03 276.76</u></div>
<div class="ContentPasted0"><u>Huron FOB    1.40  1.45  1.58  1.66      8.06 317.41N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB     1.60                        8.26 325.28  1.30         7.16 281.88</u></div>
<div class="ContentPasted0"><u>Lamb FOB     1.61                        8.27 325.67N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB     1.50  1.55N/A   N/A         8.16 321.34  1.25         7.11 279.91</u></div>
<div class="ContentPasted0"><u>FOB SW Que   2.56                        9.22 363.07N/A</u></div>
<div class="ContentPasted0"><u>Track        2.00                        8.66 341.03N/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         7.76 305.50</u></div>
<div class="ContentPasted0"><u>Cardnl-Ing  N/A  N/A   N/A   N/A                      2.00         7.86 309.43</u></div>
<div class="ContentPasted0"><u>W O Feed     2.00                        8.66 341.03</u></div>
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<div class="ContentPasted0"><u>US Rep       2.52                        9.18 361.50</u></div>
<div class="ContentPasted0"><u>Toledo El.  -0.33                        6.33 249.12 -0.40         5.46 214.90</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb     1.40                        8.06 317.41  1.35         7.21 283.85</u></div>
<div class="ContentPasted0"><u>Prescott    N/A                                       1.73         7.59 298.81</u></div>
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<div class="ContentPasted0"><u>HI SD CRN    1.45                        8.11 1/4</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3378 up 0.0000</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed slightly lower.</u></div>
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<div class="ContentPasted0"><u>      MAR23   HI 15.03                   NOV23     HI 13.47  3/4</u></div>
<div class="ContentPasted0"><u>             LOW 14.79  3/4                       LOW 13.30  1/4</u></div>
<div class="ContentPasted0"><u>            CLOSE14.90  1/4  Down 16 1/4        CLOSE 13.39  1/2  Down 12 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      4.50                         19.40 712.92  3.80        17.20 631.81</u></div>
<div class="ContentPasted0"><u>CK High     4.65                         19.55 718.43  3.90        17.30 635.48</u></div>
<div class="ContentPasted0"><u>CK Average  4.55                   -0.36 19.46 714.91  3.85 -0.50  17.25 633.75</u></div>
<div class="ContentPasted0"><u>Essex Cty   4.55                         19.45 714.76  3.80        17.20 631.81</u></div>
<div class="ContentPasted0"><u>Mdsx Low    4.55                         19.45 714.76  3.85        17.25 633.65</u></div>
<div class="ContentPasted0"><u>Mdsx High   4.70                         19.60 720.27  4.00        17.40 639.16</u></div>
<div class="ContentPasted0"><u>Mdsx Average4.59                   -0.33 19.50 716.32  3.89 -0.47  17.29 635.12</u></div>
<div class="ContentPasted0"><u>Hensall     4.55                         19.45 714.76  3.85        17.25 633.65</u></div>
<div class="ContentPasted0"><u>Bruce       4.55                         19.45 714.76  3.85        17.25 633.65</u></div>
<div class="ContentPasted0"><u>Putnam      4.55                         19.45 714.76  3.85        17.25 633.65</u></div>
<div class="ContentPasted0"><u>Burford     4.64                         19.54 718.06  3.93        17.33 636.58</u></div>
<div class="ContentPasted0"><u>Port Perry  4.48                         19.38 712.18  3.77        17.17 630.71</u></div>
<div class="ContentPasted0"><u>Norfolk     4.55                         19.45 714.76  3.85        17.25 633.65</u></div>
<div class="ContentPasted0"><u>Palmerston  4.57                         19.47 715.49  N/A</u></div>
<div class="ContentPasted0"><u>Varna       4.55                         19.45 714.76  3.85        17.25 633.65</u></div>
<div class="ContentPasted0"><u>Trenton     4.70                         19.60 720.27  4.05        17.45 640.99</u></div>
<div class="ContentPasted0"><u>Winchester  4.40                         19.30 709.25  4.00        17.40 639.16</u></div>
<div class="ContentPasted0"><u>North Gower 4.62                         19.52 717.33  4.15        17.55 644.67</u></div>
<div class="ContentPasted0"><u>Vankleek Hil4.84                         19.74 725.41  3.79        17.19 631.44</u></div>
<div class="ContentPasted0"><u>Huron FOB   4.50  4.50  4.71  4.74       19.40 712.92  N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB    4.85                         19.75 725.78  3.85        17.25 633.65</u></div>
<div class="ContentPasted0"><u>Lambton FOB 4.81                         19.71 724.31  N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    4.69  4.89  N/A   N/A        19.59 719.90  3.86        17.26 634.01</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor     5.25                         20.15 740.48  4.19        17.59 646.14</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton    5.25                         20.15 740.48  4.35        17.75 652.02</u></div>
<div class="ContentPasted0"><u>Prescott     N/A                                       4.11        17.51 643.20</u></div>
<div class="ContentPasted0"><u>Port Colborn4.85                         19.75 725.78  4.34        17.74 651.65</u></div>
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<div class="ContentPasted0"><u>Toledo El.  -0.37                        14.53 533.81 -0.60        12.79 470.06</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3378 up 0.0000</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed moderately lower.</u></div>
<div class="ContentPasted0"><u>MAR23      HI     7.40  1/2            JUL23   HI      7.50  1/4</u></div>
<div class="ContentPasted0"><u>           LOW    7.12  1/2                    LOW        7.23</u></div>
<div class="ContentPasted0"><u>           CLOSE  7.20   Down 21 1/2           CLOSE   7.30  1/2  Down 21</u></div>
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<div class="ContentPasted0"><u>Minni wheat closed moderately lower to lower.</u></div>
<div class="ContentPasted0"><u>MAR23      HI     9.07  1/2            SEP23   HI         8.71</u></div>
<div class="ContentPasted0"><u>           LOW       8.85                      LOW        8.59</u></div>
<div class="ContentPasted0"><u>           CLOSE  8.87  3/4  Down 25           CLOSE   8.61   Down 17 1/4</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   1.30    N/A    N/A     N/A    1.25    N/A</u></div>
<div class="ContentPasted0"><u>London      2.41   2.15   1.21    N/A    2.58    1.78   1.18    N/A</u></div>
<div class="ContentPasted0"><u>Hensall     4.20    N/A   1.30    N/A    2.80    N/A    1.25    N/A</u></div>
<div class="ContentPasted0"><u>Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.25    N/A</u></div>
<div class="ContentPasted0"><u>Bruce       2.30   1.80   1.30   1.15    2.25    1.75   1.25   1.15</u></div>
<div class="ContentPasted0"><u>Essex        N/A    N/A   1.30    N/A    N/A     N/A    1.25    N/A</u></div>
<div class="ContentPasted0"><u>Norwich     4.20    N/A   1.30    N/A    2.80    N/A    1.25    N/A</u></div>
<div class="ContentPasted0"><u>Port Hope    N/A    N/A   1.30    N/A    N/A     N/A    1.25    N/A</u></div>
<div class="ContentPasted0"><u>Kent Bridge 4.20    N/A   1.30    N/A    2.80    N/A    1.25    N/A</u></div>
<div class="ContentPasted0"><u>Chatham      N/A    N/A   1.30    N/A    N/A     N/A    1.25    N/A</u></div>
<div class="ContentPasted0"><u>Brigden      N/A    N/A   1.30    N/A    N/A     N/A    1.25    N/A</u></div>
<div class="ContentPasted0"><u>Palmerston   N/A   2.04   1.17   2.23    N/A     N/A     N/A    N/A</u></div>
<div class="ContentPasted0"><u>Varna       4.10   2.20   1.30    N/A    2.55    1.90   1.25    N/A</u></div>
<div class="ContentPasted0"><u>Mitchell    4.20    N/A   1.30    N/A    2.80    1.90   1.25    N/A</u></div>
<div class="ContentPasted0"><u>Thornton    2.41   2.15   1.21   1.92    2.58    1.78   1.18    N/A</u></div>
<div class="ContentPasted0"><u>North Gower  N/A   1.20   1.60   1.67    N/A     1.00   1.40   1.32</u></div>
<div class="ContentPasted0"><u>W O Feed                  2.05</u></div>
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<div class="ContentPasted0"><u>TERMINAL</u></div>
<div class="ContentPasted0"><u>Port Colbor  N/A    N/A   1.88    N/A    N/A     N/A    1.78    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   2.37    N/A    N/A     N/A    2.33    N/A</u></div>
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<div class="ContentPasted0"><u>Toledo El. 6.95US        9.30CA         7.06US         9.44CA</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            735.14</u></div>
<div class="ContentPasted0"><u>DDG's FOB Aylm            370.00</u></div>
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</u></div>
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<div class="ContentPasted0"><span style="font-family: "Courier New"; font-size: 10pt;">Blair Andrews</span><o:p style="color: inherit; font-family: "Courier New"; font-size: 10pt; font-style: inherit; font-variant-ligatures: inherit; font-variant-caps: inherit; font-weight: inherit;"> </o:p><br>
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