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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 25</u></div>
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<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3384 up 0.0023</u></div>
<div class="ContentPasted0"><u>Chicago corn closed slightly lower.</u></div>
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<div class="ContentPasted0"><u> MAR23 HI 6.81 DEC23 HI 5.93 3/4</u></div>
<div class="ContentPasted0"><u> LOW 6.73 3/4 LOW 5.87 3/4</u></div>
<div class="ContentPasted0"><u> CLOSE6.74 3/4 Down 2 1/4 CLOSE 5.88 Down 3 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 8.05 316.82 1.20 7.08 278.73</u></div>
<div class="ContentPasted0"><u>CK High 1.45 8.20 322.72 1.30 7.18 282.66</u></div>
<div class="ContentPasted0"><u>CK Avg 1.39 -0.67 8.13 320.19 1.28 -0.53 7.16 281.82</u></div>
<div class="ContentPasted0"><u>Essex Cty 1.30 8.05 316.82 1.25 7.13 280.70</u></div>
<div class="ContentPasted0"><u>Mdsx Low 1.40 8.15 320.75 1.30 7.18 282.66</u></div>
<div class="ContentPasted0"><u>Mdsx High 1.40 8.15 320.75 1.30 7.18 282.66</u></div>
<div class="ContentPasted0"><u>Mdsx Avg 1.40 -0.66 8.15 320.75 1.30 -0.52 7.18 282.66</u></div>
<div class="ContentPasted0"><u>Hensall 1.42 8.16 321.41 1.32 7.20 283.32</u></div>
<div class="ContentPasted0"><u>Bruce 1.40 8.15 320.75 1.30 7.18 282.66</u></div>
<div class="ContentPasted0"><u>Putnam 1.40 8.15 320.75 1.30 7.18 282.66</u></div>
<div class="ContentPasted0"><u>Burford 1.40 8.15 320.75 1.30 7.18 282.66</u></div>
<div class="ContentPasted0"><u>Port Perry 1.05 7.80 306.97 1.25 7.13 280.70</u></div>
<div class="ContentPasted0"><u>Norfolk 1.40 8.15 320.75 1.30 7.18 282.66</u></div>
<div class="ContentPasted0"><u>Palmerston 1.35 8.10 318.78N/A</u></div>
<div class="ContentPasted0"><u>Varna 1.40 8.15 320.75 1.30 7.18 282.66</u></div>
<div class="ContentPasted0"><u>Belmore 1.30 8.05 316.82 1.30 7.18 282.66</u></div>
<div class="ContentPasted0"><u>Trenton 1.25 8.00 314.85 1.30 7.18 282.66</u></div>
<div class="ContentPasted0"><u>Winchester 1.35 8.10 318.78 1.30 7.18 282.66</u></div>
<div class="ContentPasted0"><u>North Gower 1.37 8.12 319.57 1.32 7.20 283.45</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 1.25 8.00 314.85 1.18 7.06 277.94</u></div>
<div class="ContentPasted0"><u>Huron FOB 1.40 1.45 1.58N/A 8.15 320.75N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB 1.55 8.30 326.66 1.30 7.18 282.66</u></div>
<div class="ContentPasted0"><u>Lamb FOB 1.59 8.34 328.23N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB 1.45 1.55N/A N/A 8.20 322.72 1.25 7.13 280.70</u></div>
<div class="ContentPasted0"><u>FOB SW Que 2.35 9.10 358.15N/A</u></div>
<div class="ContentPasted0"><u>Track 2.08 8.83 347.62N/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 7.78 306.29</u></div>
<div class="ContentPasted0"><u>Cardnl-Ing N/A N/A N/A N/A 2.00 7.88 310.22</u></div>
<div class="ContentPasted0"><u>W O Feed 2.08 8.83 347.62</u></div>
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<div class="ContentPasted0"><u>US Rep 2.56 9.31 366.42</u></div>
<div class="ContentPasted0"><u>Toledo El. -0.33 6.41 252.46 -0.40 5.48 215.68</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb 1.40 8.15 320.75 1.35 7.23 284.63</u></div>
<div class="ContentPasted0"><u>Prescott N/A 1.74 7.62 299.99</u></div>
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<div class="ContentPasted0"><u>HI SD CRN 1.45 8.19 3/4</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3384 up 0.0023</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed slightly higher.</u></div>
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<div class="ContentPasted0"><u> MAR23 HI 15.04 3/4 NOV23 HI 13.46 1/4</u></div>
<div class="ContentPasted0"><u> LOW 14.78 1/4 LOW 13.30 1/2</u></div>
<div class="ContentPasted0"><u> CLOSE15.02 1/2 Up 14 CLOSE 13.44 3/4 Up 6 3/4</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 4.35 19.38 711.91 3.70 17.15 630.06</u></div>
<div class="ContentPasted0"><u>CK High 4.55 19.58 719.26 3.85 17.30 635.57</u></div>
<div class="ContentPasted0"><u>CK Average 4.49 -0.44 19.52 717.16 3.79 -0.57 17.24 633.37</u></div>
<div class="ContentPasted0"><u>Essex Cty 4.50 19.53 717.42 3.75 17.20 631.90</u></div>
<div class="ContentPasted0"><u>Mdsx Low 4.50 19.53 717.42 3.80 17.25 633.74</u></div>
<div class="ContentPasted0"><u>Mdsx High 4.59 19.62 720.73 3.87 17.32 636.31</u></div>
<div class="ContentPasted0"><u>Mdsx Average4.54 -0.41 19.56 718.71 3.83 -0.54 17.28 634.84</u></div>
<div class="ContentPasted0"><u>Hensall 4.50 19.53 717.42 3.80 17.25 633.74</u></div>
<div class="ContentPasted0"><u>Bruce 4.50 19.53 717.42 3.80 17.25 633.74</u></div>
<div class="ContentPasted0"><u>Putnam 4.50 19.53 717.42 3.80 17.25 633.74</u></div>
<div class="ContentPasted0"><u>Burford 4.66 19.69 723.30 3.94 17.39 638.88</u></div>
<div class="ContentPasted0"><u>Port Perry 4.50 19.53 717.42 3.78 17.23 633.00</u></div>
<div class="ContentPasted0"><u>Norfolk 4.50 19.53 717.42 3.80 17.25 633.74</u></div>
<div class="ContentPasted0"><u>Palmerston 4.62 19.65 721.83 N/A</u></div>
<div class="ContentPasted0"><u>Varna 4.50 19.53 717.42 3.85 17.30 635.57</u></div>
<div class="ContentPasted0"><u>Trenton 4.50 19.53 717.42 3.80 17.25 633.74</u></div>
<div class="ContentPasted0"><u>Winchester 4.60 19.63 721.10 3.75 17.20 631.90</u></div>
<div class="ContentPasted0"><u>North Gower 4.60 19.63 721.10 4.00 17.45 641.09</u></div>
<div class="ContentPasted0"><u>Vankleek Hil4.83 19.86 729.55 3.81 17.26 634.10</u></div>
<div class="ContentPasted0"><u>Huron FOB 4.50 4.50 4.55 N/A 19.53 717.42 N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB 4.75 19.78 726.61 3.80 17.25 633.74</u></div>
<div class="ContentPasted0"><u>Lambton FOB 4.68 19.71 724.03 N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB 4.62 4.76 N/A N/A 19.65 721.83 3.80 17.25 633.74</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor 5.31 20.34 747.18 4.23 17.68 649.54</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton 5.20 20.23 743.14 4.30 17.75 652.11</u></div>
<div class="ContentPasted0"><u>Prescott N/A 4.16 17.61 646.96</u></div>
<div class="ContentPasted0"><u>Port Colborn4.87 19.90 731.02 4.35 17.80 653.95</u></div>
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<div class="ContentPasted0"><u>Toledo El. -0.37 14.65 538.30 -0.60 12.85 471.98</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3384 up 0.0023</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed slightly higher.</u></div>
<div class="ContentPasted0"><u>MAR23 HI 7.46 1/2 JUL23 HI 7.55</u></div>
<div class="ContentPasted0"><u> LOW 7.34 3/4 LOW 7.44 3/4</u></div>
<div class="ContentPasted0"><u> CLOSE 7.41 1/4 Up 6 3/4 CLOSE 7.50 1/2 Up 6</u></div>
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<div class="ContentPasted0"><u>Minni wheat closed slightly higher.</u></div>
<div class="ContentPasted0"><u>MAR23 HI 9.14 1/4 SEP23 HI 8.79 1/4</u></div>
<div class="ContentPasted0"><u> LOW 9.03 LOW 8.70</u></div>
<div class="ContentPasted0"><u> CLOSE 9.09 1/2 Up 6 1/2 CLOSE 8.74 Up 2</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 1.25 N/A N/A N/A 1.20 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 1.25 N/A N/A N/A 1.20 N/A</u></div>
<div class="ContentPasted0"><u>Brigden N/A N/A 1.25 N/A N/A N/A 1.20 N/A</u></div>
<div class="ContentPasted0"><u>Palmerston N/A 2.11 1.24 2.28 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 2.14</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 2.41 N/A</u></div>
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<div class="ContentPasted0"><u>Toledo El. 7.16US 9.59CA 7.26US 9.71CA</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 739.11</u></div>
<div class="ContentPasted0"><u>DDG's FOB Aylm 370.00</u></div>
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<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; background-color: ;"> </o:p><br>
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<span style="font-size:10.0pt;font-family:"Courier New"">Editor, AgriLink and Farm Market News
<o:p> </o:p></span></p>
<p style="margin:0in 0in 0.0001pt;font-size:11pt;font-family:Calibri, "sans-serif"">
<span style="font-size:10.0pt;font-family:"Courier New"">University of Guelph, Ridgetown Campus<o:p> </o:p></span></p>
<p style="margin:0in 0in 0.0001pt;font-size:11pt;font-family:Calibri, "sans-serif"">
<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:10.0pt;font-family:"Courier New"">Fax. 519-674-1530<br>
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