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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, February 2</u></div>
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<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.332 up 0.0003</u></div>
<div class="ContentPasted0"><u>Chicago corn closed slightly lower.</u></div>
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<div class="ContentPasted0"><u>      MAR23   HI 6.86                         DEC23    HI 5.98  1/4</u></div>
<div class="ContentPasted0"><u>             LOW 6.74  1/4                            LOW 5.93  1/4</u></div>
<div class="ContentPasted0"><u>            CLOSE6.75  1/4  Down 5 3/4              CLOSE 5.95   Down 1 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        +MAY23+MAY23+JUL23</u></div>
<div class="ContentPasted0"><u>CK Low       1.30                        8.05 317.01  1.25         7.20 283.45</u></div>
<div class="ContentPasted0"><u>CK High      1.40                        8.15 320.95  1.30         7.25 285.42</u></div>
<div class="ContentPasted0"><u>CK Avg       1.39                  -0.64 8.14 320.39  1.29 -0.51   7.24 285.14</u></div>
<div class="ContentPasted0"><u>Essex Cty    1.30                        8.05 317.01  1.25         7.20 283.45</u></div>
<div class="ContentPasted0"><u>Mdsx Low     1.40                        8.15 320.95  1.30         7.25 285.42</u></div>
<div class="ContentPasted0"><u>Mdsx High    1.40                        8.15 320.95  1.30         7.25 285.42</u></div>
<div class="ContentPasted0"><u>Mdsx Avg     1.40                  -0.63 8.15 320.95  1.30 -0.51   7.25 285.42</u></div>
<div class="ContentPasted0"><u>Hensall      1.40                        8.15 320.95  1.32         7.27 286.08</u></div>
<div class="ContentPasted0"><u>Bruce        1.40                        8.15 320.95  1.30         7.25 285.42</u></div>
<div class="ContentPasted0"><u>Putnam       1.40                        8.15 320.95  1.30         7.25 285.42</u></div>
<div class="ContentPasted0"><u>Burford      1.40                        8.15 320.95  1.30         7.25 285.42</u></div>
<div class="ContentPasted0"><u>Port Perry   1.05                        7.80 307.17  1.25         7.20 283.45</u></div>
<div class="ContentPasted0"><u>Norfolk      1.40                        8.15 320.95  1.30         7.25 285.42</u></div>
<div class="ContentPasted0"><u>Palmerston   1.31                        8.06 317.41N/A</u></div>
<div class="ContentPasted0"><u>Varna        1.40                        8.15 320.95  1.30         7.25 285.42</u></div>
<div class="ContentPasted0"><u>Belmore      1.30                        8.05 317.01  1.30         7.25 285.42</u></div>
<div class="ContentPasted0"><u>Trenton      1.25                        8.00 315.04  1.30         7.25 285.42</u></div>
<div class="ContentPasted0"><u>Winchester   1.40                        8.15 320.95  1.40         7.35 289.36</u></div>
<div class="ContentPasted0"><u>North Gower  1.37                        8.12 319.77  1.37         7.32 288.18</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 1.19                        7.94 312.68  1.15         7.10 279.51</u></div>
<div class="ContentPasted0"><u>Huron FOB    1.40  1.52  1.66N/A         8.15 320.95N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB     1.55                        8.30 326.85  1.30         7.25 285.42</u></div>
<div class="ContentPasted0"><u>Lamb FOB    N/A                                     N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB     1.45N/A   N/A   N/A         8.20 322.92  1.20         7.15 281.48</u></div>
<div class="ContentPasted0"><u>FOB SW Que   2.24                        8.99 354.02N/A</u></div>
<div class="ContentPasted0"><u>Track        1.98                        8.73 343.68N/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         7.85 309.04</u></div>
<div class="ContentPasted0"><u>Cardnl-Ing  N/A  N/A   N/A   N/A                      2.00         7.95 312.98</u></div>
<div class="ContentPasted0"><u>W O Feed     1.98                        8.73 343.68</u></div>
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<div class="ContentPasted0"><u>US Rep       2.50                        9.25 364.25</u></div>
<div class="ContentPasted0"><u>Toledo El.  -0.40                        6.35 250.10 -0.40         5.55 218.51</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb     1.40                        8.15 320.95  1.35         7.30 287.39</u></div>
<div class="ContentPasted0"><u>Prescott    N/A                                       1.71         7.66 301.56</u></div>
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<div class="ContentPasted0"><u>HI SD CRN    1.40                        8.15 1/4</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.332 up 0.0003</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed slightly higher.</u></div>
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<div class="ContentPasted0"><u>      MAY23   HI 15.32  1/4              NOV23     HI 13.73</u></div>
<div class="ContentPasted0"><u>             LOW 15.17  3/4                       LOW 13.60</u></div>
<div class="ContentPasted0"><u>            CLOSE15.27  3/4  Up 11 1/4          CLOSE 13.70  1/2  Up 10 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      4.40                         19.68 723.02  3.70        17.41 639.52</u></div>
<div class="ContentPasted0"><u>CK High     4.55                         19.83 728.54  3.85        17.56 645.04</u></div>
<div class="ContentPasted0"><u>CK Average  4.46                   -0.46 19.74 725.39  3.77 -0.59  17.48 642.10</u></div>
<div class="ContentPasted0"><u>Essex Cty   4.45                         19.73 724.86  3.70        17.41 639.52</u></div>
<div class="ContentPasted0"><u>Mdsx Low    4.44                         19.72 724.49  3.75        17.46 641.36</u></div>
<div class="ContentPasted0"><u>Mdsx High   4.57                         19.85 729.27  3.83        17.54 644.30</u></div>
<div class="ContentPasted0"><u>Mdsx Average4.48                   -0.45 19.76 725.87  3.78 -0.58  17.49 642.56</u></div>
<div class="ContentPasted0"><u>Hensall     4.47                         19.74 725.47  3.77        17.47 641.97</u></div>
<div class="ContentPasted0"><u>Bruce       4.50                         19.78 726.70  3.80        17.51 643.20</u></div>
<div class="ContentPasted0"><u>Putnam      4.45                         19.73 724.86  3.75        17.46 641.36</u></div>
<div class="ContentPasted0"><u>Burford     4.51                         19.79 727.07  3.90        17.61 646.87</u></div>
<div class="ContentPasted0"><u>Port Perry  4.35                         19.63 721.19  3.74        17.45 640.99</u></div>
<div class="ContentPasted0"><u>Norfolk     4.45                         19.73 724.86  3.75        17.46 641.36</u></div>
<div class="ContentPasted0"><u>Palmerston  4.55                         19.83 728.54  N/A</u></div>
<div class="ContentPasted0"><u>Varna       4.52                         19.80 727.43  3.75        17.46 641.36</u></div>
<div class="ContentPasted0"><u>Trenton     4.50                         19.78 726.70  3.80        17.51 643.20</u></div>
<div class="ContentPasted0"><u>Winchester  4.50                         19.78 726.70  3.80        17.51 643.20</u></div>
<div class="ContentPasted0"><u>North Gower 4.57                         19.85 729.27  3.80        17.51 643.20</u></div>
<div class="ContentPasted0"><u>Vankleek Hil5.02                         20.30 745.81  3.81        17.52 643.57</u></div>
<div class="ContentPasted0"><u>Huron FOB   4.50  4.65  4.78  N/A        19.78 726.70  N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB    4.70                         19.98 734.05  3.75        17.46 641.36</u></div>
<div class="ContentPasted0"><u>Lambton FOB 4.79                         20.07 737.35  N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    4.81  N/A   N/A   N/A        20.09 738.09  3.83        17.54 644.30</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor     5.15                         20.43 750.58  4.14        17.85 655.69</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton    5.15                         20.43 750.58  4.25        17.96 659.73</u></div>
<div class="ContentPasted0"><u>Prescott     N/A                                       4.13        17.84 655.32</u></div>
<div class="ContentPasted0"><u>Port Colborn4.84                         20.12 739.19  4.31        18.02 661.94</u></div>
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<div class="ContentPasted0"><u>Toledo El.  -0.28                        15.00 551.07 -0.60        13.11 481.55</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.332 up 0.0003</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed slightly higher.</u></div>
<div class="ContentPasted0"><u>MAR23      HI     7.70  3/4            JUL23   HI      7.82  1/4</u></div>
<div class="ContentPasted0"><u>           LOW    7.50  1/2                    LOW     7.64  1/2</u></div>
<div class="ContentPasted0"><u>           CLOSE  7.61   Up 1 1/4              CLOSE   7.75  1/2  Up 2 1/2</u></div>
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<div class="ContentPasted0"><u>Minni wheat closed slightly lower.</u></div>
<div class="ContentPasted0"><u>MAR23      HI        9.32              SEP23   HI         9.00</u></div>
<div class="ContentPasted0"><u>           LOW    9.19  1/4                    LOW        8.88</u></div>
<div class="ContentPasted0"><u>           CLOSE  9.24  3/4  Down 1 1/4        CLOSE   8.94  1/4  Down  3/4</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      2.45   2.19   1.32    N/A    2.63    1.83   1.30    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   1.35    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   1.35    N/A    N/A     N/A    1.25    N/A</u></div>
<div class="ContentPasted0"><u>Brigden      N/A    N/A   1.35    N/A    N/A     N/A    1.25    N/A</u></div>
<div class="ContentPasted0"><u>Palmerston   N/A   1.90   1.37    N/A    N/A     N/A     N/A    N/A</u></div>
<div class="ContentPasted0"><u>Varna       4.10   2.20   1.35    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    2.45   2.19   1.32   1.93    2.63    1.83   1.30    N/A</u></div>
<div class="ContentPasted0"><u>North Gower  N/A   1.30   1.70   1.77    N/A     1.00   1.40   1.42</u></div>
<div class="ContentPasted0"><u>W O Feed                  2.17</u></div>
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<div class="ContentPasted0"><u>TERMINAL</u></div>
<div class="ContentPasted0"><u>Port Colbor  N/A    N/A   1.99    N/A    N/A     N/A    1.90    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    2.44    N/A</u></div>
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<div class="ContentPasted0"><u>Toledo El. 7.36US        9.80CA         7.51US         10.00CA</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            769.21</u></div>
<div class="ContentPasted0"><u>DDG's FOB Aylm            360.00</u></div>
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<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"">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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