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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 27</u></div>
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<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3303 down 0.0026</u></div>
<div class="ContentPasted0"><u>Chicago corn closed mixed.</u></div>
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<div class="ContentPasted0"><u>      MAR23   HI 6.86                         DEC23    HI 5.90</u></div>
<div class="ContentPasted0"><u>             LOW 6.78  1/4                            LOW 5.86</u></div>
<div class="ContentPasted0"><u>            CLOSE6.83   Up  1/2                     CLOSE 5.87  1/4  Down 2 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                        8.13 320.06  1.20         7.07 278.43</u></div>
<div class="ContentPasted0"><u>CK High      1.40                        8.23 324.00  1.30         7.17 282.37</u></div>
<div class="ContentPasted0"><u>CK Avg       1.38                  -0.66 8.21 323.16  1.28 -0.50   7.15 281.53</u></div>
<div class="ContentPasted0"><u>Essex Cty    1.30                        8.13 320.06  1.25         7.12 280.40</u></div>
<div class="ContentPasted0"><u>Mdsx Low     1.40                        8.23 324.00  1.30         7.17 282.37</u></div>
<div class="ContentPasted0"><u>Mdsx High    1.40                        8.23 324.00  1.30         7.17 282.37</u></div>
<div class="ContentPasted0"><u>Mdsx Avg     1.40                  -0.64 8.23 324.00  1.30 -0.48   7.17 282.37</u></div>
<div class="ContentPasted0"><u>Hensall      1.42                        8.25 324.66  1.32         7.19 283.02</u></div>
<div class="ContentPasted0"><u>Bruce        1.40                        8.23 324.00  1.30         7.17 282.37</u></div>
<div class="ContentPasted0"><u>Putnam       1.40                        8.23 324.00  1.30         7.17 282.37</u></div>
<div class="ContentPasted0"><u>Burford      1.40                        8.23 324.00  1.30         7.17 282.37</u></div>
<div class="ContentPasted0"><u>Port Perry   1.05                        7.88 310.22  1.25         7.12 280.40</u></div>
<div class="ContentPasted0"><u>Norfolk      1.40                        8.23 324.00  1.30         7.17 282.37</u></div>
<div class="ContentPasted0"><u>Palmerston   1.34                        8.17 321.64N/A</u></div>
<div class="ContentPasted0"><u>Varna        1.40                        8.23 324.00  1.30         7.17 282.37</u></div>
<div class="ContentPasted0"><u>Belmore      1.30                        8.13 320.06  1.30         7.17 282.37</u></div>
<div class="ContentPasted0"><u>Trenton      1.25                        8.08 318.10  1.30         7.17 282.37</u></div>
<div class="ContentPasted0"><u>Winchester   1.35                        8.18 322.03  1.35         7.22 284.34</u></div>
<div class="ContentPasted0"><u>North Gower  1.37                        8.20 322.82  1.32         7.19 283.16</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 1.21                        8.04 316.52  1.11         6.98 274.89</u></div>
<div class="ContentPasted0"><u>Huron FOB    1.40  1.45  1.58N/A         8.23 324.00N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB     1.55                        8.38 329.91  1.30         7.17 282.37</u></div>
<div class="ContentPasted0"><u>Lamb FOB    N/A                                     N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB     1.40  1.50N/A   N/A         8.23 324.00  1.20         7.07 278.43</u></div>
<div class="ContentPasted0"><u>FOB SW Que   2.33                        9.16 360.61N/A</u></div>
<div class="ContentPasted0"><u>Track        2.05                        8.88 349.69N/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         7.77 305.99</u></div>
<div class="ContentPasted0"><u>Cardnl-Ing  N/A  N/A   N/A   N/A                      2.00         7.87 309.93</u></div>
<div class="ContentPasted0"><u>W O Feed     2.05                        8.88 349.69</u></div>
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<div class="ContentPasted0"><u>US Rep       2.52                        9.35 368.09</u></div>
<div class="ContentPasted0"><u>Toledo El.  -0.40                        6.43 253.17 -0.40         5.47 215.48</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb     1.40                        8.23 324.00  1.35         7.22 284.34</u></div>
<div class="ContentPasted0"><u>Prescott    N/A                                       1.77         7.64 300.87</u></div>
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<div class="ContentPasted0"><u>HI SD CRN    1.40                        8.23</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3303 down 0.0026</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed mixed.</u></div>
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<div class="ContentPasted0"><u>      MAY23   HI 15.19                   NOV23     HI 13.58  1/4</u></div>
<div class="ContentPasted0"><u>             LOW 15.02                            LOW 13.47  3/4</u></div>
<div class="ContentPasted0"><u>            CLOSE15.04  1/2  Down 10 1/4        CLOSE 13.51  1/4  Down 1 1/4</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        +MAY23+MAY23+MAY23</u></div>
<div class="ContentPasted0"><u>CK Low      4.35                         19.40 712.64  3.75        17.26 634.29</u></div>
<div class="ContentPasted0"><u>CK High     4.55                         19.60 719.99  3.80        17.31 636.13</u></div>
<div class="ContentPasted0"><u>CK Average  4.48                   -0.37 19.53 717.47  3.79 -0.51  17.30 635.81</u></div>
<div class="ContentPasted0"><u>Essex Cty   4.50                         19.55 718.16  3.75        17.26 634.29</u></div>
<div class="ContentPasted0"><u>Mdsx Low    4.50                         19.55 718.16  3.80        17.31 636.13</u></div>
<div class="ContentPasted0"><u>Mdsx High   4.60                         19.65 721.83  3.85        17.36 637.96</u></div>
<div class="ContentPasted0"><u>Mdsx Average4.53                   -0.33 19.57 719.17  3.82 -0.48  17.33 636.86</u></div>
<div class="ContentPasted0"><u>Hensall     4.47                         19.51 716.93  3.77        17.28 634.90</u></div>
<div class="ContentPasted0"><u>Bruce       4.55                         19.60 719.99  3.80        17.31 636.13</u></div>
<div class="ContentPasted0"><u>Putnam      4.50                         19.55 718.16  3.80        17.31 636.13</u></div>
<div class="ContentPasted0"><u>Burford     4.58                         19.63 721.10  3.90        17.41 639.80</u></div>
<div class="ContentPasted0"><u>Port Perry  4.42                         19.47 715.22  3.74        17.25 633.92</u></div>
<div class="ContentPasted0"><u>Norfolk     4.50                         19.55 718.16  3.80        17.31 636.13</u></div>
<div class="ContentPasted0"><u>Palmerston  4.50                         19.55 718.16  N/A</u></div>
<div class="ContentPasted0"><u>Varna       4.45                         19.50 716.32  3.75        17.26 634.29</u></div>
<div class="ContentPasted0"><u>Trenton     4.45                         19.50 716.32  3.75        17.26 634.29</u></div>
<div class="ContentPasted0"><u>Winchester  4.35                         19.40 712.64  3.80        17.31 636.13</u></div>
<div class="ContentPasted0"><u>North Gower 4.65                         19.70 723.67  4.00        17.51 643.47</u></div>
<div class="ContentPasted0"><u>Vankleek Hil4.81                         19.86 729.55  3.74        17.25 633.92</u></div>
<div class="ContentPasted0"><u>Huron FOB   4.40  4.45  4.52  N/A        19.45 714.48  N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB    4.75                         19.80 727.34  3.80        17.31 636.13</u></div>
<div class="ContentPasted0"><u>Lambton FOB 4.45                         19.50 716.32  N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    4.68  4.81  N/A   N/A        19.73 724.77  3.83        17.34 637.23</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor     5.08                         20.13 739.47  4.14        17.65 648.62</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton    5.20                         20.25 743.88  4.30        17.81 654.50</u></div>
<div class="ContentPasted0"><u>Prescott     N/A                                       4.07        17.58 646.05</u></div>
<div class="ContentPasted0"><u>Port Colborn4.83                         19.88 730.28  4.31        17.82 654.86</u></div>
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<div class="ContentPasted0"><u>Toledo El.  -0.31                        14.74 541.57 -0.60        12.91 474.50</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3303 down 0.0026</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed slightly lower.</u></div>
<div class="ContentPasted0"><u>MAR23      HI     7.53  1/4            JUL23   HI      7.63  1/2</u></div>
<div class="ContentPasted0"><u>           LOW    7.44  1/4                    LOW     7.55  1/2</u></div>
<div class="ContentPasted0"><u>           CLOSE  7.50   Down 2 1/2            CLOSE   7.60   Down 2 1/2</u></div>
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<div class="ContentPasted0"><u>Minni wheat closed slightly higher.</u></div>
<div class="ContentPasted0"><u>MAR23      HI        9.24              SEP23   HI      8.86  1/4</u></div>
<div class="ContentPasted0"><u>           LOW    9.10  1/4                    LOW        8.73</u></div>
<div class="ContentPasted0"><u>           CLOSE  9.21  1/2  Up 3 1/2          CLOSE   8.82  1/4  Up 1 1/2</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      2.43   2.16   1.29    N/A    2.59    1.79   1.26    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   2.07   1.23   2.24    N/A     N/A     N/A    N/A</u></div>
<div class="ContentPasted0"><u>Varna       4.10   2.20   1.30    N/A    2.70    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    2.43   2.16   1.29   1.91    2.59    1.79   1.26    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   1.96    N/A    N/A     N/A    1.86    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    2.38    N/A</u></div>
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<div class="ContentPasted0"><u>Toledo El. 7.25US        9.64CA         7.35US         9.78CA</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            740.21</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"">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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