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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, January 24</u></div>
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<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3361 down 0.0017</u></div>
<div class="ContentPasted0"><u>Chicago corn closed slightly to moderately higher.</u></div>
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</u></div>
<div class="ContentPasted0"><u>      MAR23   HI 6.77  1/2                    DEC23    HI 5.91  3/4</u></div>
<div class="ContentPasted0"><u>             LOW 6.66  1/4                            LOW 5.85</u></div>
<div class="ContentPasted0"><u>            CLOSE6.77   Up 10 3/4                   CLOSE 5.91  1/4  Up 5 1/4</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                        8.07 317.70  1.20         7.11 280.01</u></div>
<div class="ContentPasted0"><u>CK High      1.45                        8.22 323.61  1.30         7.21 283.94</u></div>
<div class="ContentPasted0"><u>CK Avg       1.39                  -0.67 8.16 321.08  1.28 -0.53   7.19 283.10</u></div>
<div class="ContentPasted0"><u>Essex Cty    1.30                        8.07 317.70  1.25         7.16 281.98</u></div>
<div class="ContentPasted0"><u>Mdsx Low     1.40                        8.17 321.64  1.30         7.21 283.94</u></div>
<div class="ContentPasted0"><u>Mdsx High    1.40                        8.17 321.64  1.30         7.21 283.94</u></div>
<div class="ContentPasted0"><u>Mdsx Avg     1.40                  -0.66 8.17 321.64  1.30 -0.51   7.21 283.94</u></div>
<div class="ContentPasted0"><u>Hensall      1.42                        8.19 322.29  1.32         7.23 284.60</u></div>
<div class="ContentPasted0"><u>Bruce        1.40                        8.17 321.64  1.30         7.21 283.94</u></div>
<div class="ContentPasted0"><u>Putnam       1.40                        8.17 321.64  1.30         7.21 283.94</u></div>
<div class="ContentPasted0"><u>Burford      1.40                        8.17 321.64  1.30         7.21 283.94</u></div>
<div class="ContentPasted0"><u>Port Perry   1.05                        7.82 307.86  1.25         7.16 281.98</u></div>
<div class="ContentPasted0"><u>Norfolk      1.40                        8.17 321.64  1.30         7.21 283.94</u></div>
<div class="ContentPasted0"><u>Palmerston   1.33                        8.10 318.88N/A</u></div>
<div class="ContentPasted0"><u>Varna        1.40                        8.17 321.64  1.30         7.21 283.94</u></div>
<div class="ContentPasted0"><u>Belmore      1.30                        8.07 317.70  1.30         7.21 283.94</u></div>
<div class="ContentPasted0"><u>Trenton      1.25                        8.02 315.73  1.30         7.21 283.94</u></div>
<div class="ContentPasted0"><u>Winchester   1.35                        8.12 319.67  1.28         7.19 283.16</u></div>
<div class="ContentPasted0"><u>North Gower  1.37                        8.14 320.46  1.32         7.23 284.73</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 1.37                        8.14 320.46  1.17         7.08 278.83</u></div>
<div class="ContentPasted0"><u>Huron FOB    1.40  1.45  1.58  1.66      8.17 321.64N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB     1.60                        8.37 329.51  1.30         7.21 283.94</u></div>
<div class="ContentPasted0"><u>Lamb FOB     1.61                        8.38 329.91N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB     1.50  1.55N/A   N/A         8.27 325.58  1.25         7.16 281.98</u></div>
<div class="ContentPasted0"><u>FOB SW Que   2.39                        9.16 360.61N/A</u></div>
<div class="ContentPasted0"><u>Track        2.03                        8.80 346.34N/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         7.81 307.56</u></div>
<div class="ContentPasted0"><u>Cardnl-Ing  N/A  N/A   N/A   N/A                      2.00         7.91 311.50</u></div>
<div class="ContentPasted0"><u>W O Feed     2.03                        8.80 346.34</u></div>
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<div class="ContentPasted0"><u>US Rep       2.54                        9.31 366.52</u></div>
<div class="ContentPasted0"><u>Toledo El.  -0.33                        6.44 253.37 -0.40         5.51 216.98</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb     1.40                        8.17 321.64  1.35         7.26 285.91</u></div>
<div class="ContentPasted0"><u>Prescott    N/A                                       1.73         7.64 300.87</u></div>
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<div class="ContentPasted0"><u>HI SD CRN    1.45                        8.221</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3361 down 0.0017</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed narrowly mixed.</u></div>
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<div class="ContentPasted0"><u>      MAR23   HI 15.06  1/2              NOV23     HI 13.47  3/4</u></div>
<div class="ContentPasted0"><u>             LOW 14.87                            LOW 13.36</u></div>
<div class="ContentPasted0"><u>            CLOSE14.88  1/2  Down 1 3/4         CLOSE 13.38   Down 1 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      4.40                         19.29 708.60  3.80        17.18 631.26</u></div>
<div class="ContentPasted0"><u>CK High     4.65                         19.54 717.79  3.90        17.28 634.93</u></div>
<div class="ContentPasted0"><u>CK Average  4.54                   -0.34 19.43 713.85  3.84 -0.49  17.22 632.73</u></div>
<div class="ContentPasted0"><u>Essex Cty   4.55                         19.44 714.11  3.80        17.18 631.26</u></div>
<div class="ContentPasted0"><u>Mdsx Low    4.55                         19.44 714.11  3.85        17.23 633.09</u></div>
<div class="ContentPasted0"><u>Mdsx High   4.60                         19.49 715.95  3.90        17.28 634.93</u></div>
<div class="ContentPasted0"><u>Mdsx Average4.57                   -0.32 19.46 714.94  3.87 -0.47  17.25 633.74</u></div>
<div class="ContentPasted0"><u>Hensall     4.53                         19.42 713.50  3.85        17.23 633.09</u></div>
<div class="ContentPasted0"><u>Bruce       4.55                         19.44 714.11  3.85        17.23 633.09</u></div>
<div class="ContentPasted0"><u>Putnam      4.55                         19.44 714.11  3.85        17.23 633.09</u></div>
<div class="ContentPasted0"><u>Burford     4.66                         19.55 718.16  3.94        17.32 636.40</u></div>
<div class="ContentPasted0"><u>Port Perry  4.50                         19.39 712.28  3.78        17.16 630.52</u></div>
<div class="ContentPasted0"><u>Norfolk     4.55                         19.44 714.11  3.85        17.23 633.09</u></div>
<div class="ContentPasted0"><u>Palmerston  4.49                         19.38 711.91  N/A</u></div>
<div class="ContentPasted0"><u>Varna       4.50                         19.39 712.28  3.85        17.23 633.09</u></div>
<div class="ContentPasted0"><u>Trenton     4.55                         19.44 714.11  3.85        17.23 633.09</u></div>
<div class="ContentPasted0"><u>Winchester  4.40                         19.29 708.60  3.78        17.16 630.52</u></div>
<div class="ContentPasted0"><u>North Gower 4.60                         19.49 715.95  4.00        17.38 638.61</u></div>
<div class="ContentPasted0"><u>Vankleek Hil4.84                         19.73 724.77  3.79        17.17 630.89</u></div>
<div class="ContentPasted0"><u>Huron FOB   4.50  4.50  4.76  4.79       19.39 712.28  N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB    4.80                         19.69 723.30  3.85        17.23 633.09</u></div>
<div class="ContentPasted0"><u>Lambton FOB 4.81                         19.70 723.67  N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    4.72  4.92  N/A   N/A        19.61 720.36  3.87        17.25 633.83</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor     5.25                         20.14 739.83  4.19        17.57 645.59</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton    5.25                         20.14 739.83  4.35        17.73 651.47</u></div>
<div class="ContentPasted0"><u>Prescott     N/A                                       4.11        17.49 642.65</u></div>
<div class="ContentPasted0"><u>Port Colborn4.87                         19.76 725.87  4.35        17.73 651.47</u></div>
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<div class="ContentPasted0"><u>Toledo El.  -0.37                        14.51 533.18 -0.60        12.78 469.54</u></div>
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</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3361 down 0.0017</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed slightly to moderately higher.</u></div>
<div class="ContentPasted0"><u>MAR23      HI     7.39                 JUL23   HI      7.47  3/4</u></div>
<div class="ContentPasted0"><u>           LOW    7.19  3/4                    LOW     7.29  1/2</u></div>
<div class="ContentPasted0"><u>           CLOSE  7.34  1/2  Up 14 1/2         CLOSE   7.44  1/2  Up 14</u></div>
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<div class="ContentPasted0"><u>Minni wheat closed slightly to moderately higher.</u></div>
<div class="ContentPasted0"><u>MAR23      HI        9.07              SEP23   HI      8.73  3/4</u></div>
<div class="ContentPasted0"><u>           LOW    8.88  1/4                    LOW     8.62  3/4</u></div>
<div class="ContentPasted0"><u>           CLOSE  9.03   Up 15 1/4             CLOSE   8.72   Up 11</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      2.38   2.11   1.24    N/A    2.54    1.74   1.20    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   1.20    N/A    N/A     N/A    1.15    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   1.20    N/A    N/A     N/A    1.15    N/A</u></div>
<div class="ContentPasted0"><u>Brigden      N/A    N/A   1.20    N/A    N/A     N/A    1.15    N/A</u></div>
<div class="ContentPasted0"><u>Palmerston   N/A   2.07   1.20   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    2.38   2.11   1.24   1.89    2.54    1.74   1.20    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                  2.09</u></div>
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<div class="ContentPasted0"><u>TERMINAL</u></div>
<div class="ContentPasted0"><u>Port Colbor  N/A    N/A   1.91    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    N/A    N/A    N/A     N/A    2.37    N/A</u></div>
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</u></div>
<div class="ContentPasted0"><u>Toledo El. 7.10US        9.48CA         7.20US         9.61CA</u></div>
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</u></div>
<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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</u></div>
<div class="ContentPasted0"><u>FEED GRAINS</u></div>
<div class="ContentPasted0 elementToProof"><u>FOB Hm Soymeal            732.83</u></div>
<div class="ContentPasted0 elementToProof"><u>DDG's FOB Aylm            370.00</u></div>
<div class="ContentPasted0 elementToProof"><u><br>
</u></div>
<div class="ContentPasted0 elementToProof"><br>
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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"">Editor, AgriLink and Farm Market News
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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"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes"> 
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<span style="font-size:10.0pt;font-family:"Courier New"">Tel. 519-674-1500 x 63577
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