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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, February 3</u></div>
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<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3389 up 0.0069</u></div>
<div class="ContentPasted0"><u>Chicago corn closed slightly higher.</u></div>
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<div class="ContentPasted0"><u>      MAR23   HI 6.80                         DEC23    HI 5.97  1/4</u></div>
<div class="ContentPasted0"><u>             LOW 6.71  1/2                            LOW 5.91  1/2</u></div>
<div class="ContentPasted0"><u>            CLOSE6.77  1/2  Up 2 1/4                CLOSE 5.96   Up 1</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                        8.08 317.90  1.25         7.21 283.85</u></div>
<div class="ContentPasted0"><u>CK High      1.40                        8.18 321.84  1.35         7.31 287.78</u></div>
<div class="ContentPasted0"><u>CK Avg       1.38                  -0.69 8.15 320.99  1.30 -0.54   7.26 285.81</u></div>
<div class="ContentPasted0"><u>Essex Cty    1.30                        8.08 317.90  1.25         7.21 283.85</u></div>
<div class="ContentPasted0"><u>Mdsx Low     1.35                        8.13 319.87  1.30         7.26 285.81</u></div>
<div class="ContentPasted0"><u>Mdsx High    1.40                        8.18 321.84  1.30         7.26 285.81</u></div>
<div class="ContentPasted0"><u>Mdsx Avg     1.38                  -0.68 8.16 321.18  1.30 -0.54   7.26 285.81</u></div>
<div class="ContentPasted0"><u>Hensall      1.42                        8.19 322.49  1.32         7.28 286.47</u></div>
<div class="ContentPasted0"><u>Bruce        1.40                        8.18 321.84  1.30         7.26 285.81</u></div>
<div class="ContentPasted0"><u>Putnam       1.40                        8.18 321.84  1.30         7.26 285.81</u></div>
<div class="ContentPasted0"><u>Burford      1.35                        8.13 319.87  1.30         7.26 285.81</u></div>
<div class="ContentPasted0"><u>Port Perry   1.00                        7.78 306.09  1.25         7.21 283.85</u></div>
<div class="ContentPasted0"><u>Norfolk      1.40                        8.18 321.84  1.30         7.26 285.81</u></div>
<div class="ContentPasted0"><u>Palmerston   1.34                        8.12 319.47N/A</u></div>
<div class="ContentPasted0"><u>Varna        1.40                        8.18 321.84  1.30         7.26 285.81</u></div>
<div class="ContentPasted0"><u>Belmore      1.30                        8.08 317.90  1.30         7.26 285.81</u></div>
<div class="ContentPasted0"><u>Trenton      1.25                        8.03 315.93  1.30         7.26 285.81</u></div>
<div class="ContentPasted0"><u>Winchester   1.40                        8.18 321.84  1.40         7.36 289.75</u></div>
<div class="ContentPasted0"><u>North Gower  1.37                        8.15 320.65  1.37         7.33 288.57</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 1.22                        8.00 314.75  1.18         7.14 281.09</u></div>
<div class="ContentPasted0"><u>Huron FOB    1.45  1.50  1.60N/A         8.23 323.80N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB     1.55                        8.33 327.74  1.30         7.26 285.81</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         8.23 323.80  1.25         7.21 283.85</u></div>
<div class="ContentPasted0"><u>FOB SW Que   2.21                        8.99 353.72N/A</u></div>
<div class="ContentPasted0"><u>Track        2.04                        8.81 346.93N/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         7.86 309.43</u></div>
<div class="ContentPasted0"><u>Cardnl-Ing  N/A  N/A   N/A   N/A                      2.00         7.96 313.37</u></div>
<div class="ContentPasted0"><u>W O Feed     2.04                        8.81 346.93</u></div>
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<div class="ContentPasted0"><u>US Rep       2.56                        9.34 367.50</u></div>
<div class="ContentPasted0"><u>Toledo El.  -0.40                        6.37 250.91 -0.40         5.56 218.82</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb     1.35                        8.13 319.87  1.45         7.41 291.72</u></div>
<div class="ContentPasted0"><u>Prescott    N/A                                       1.74         7.70 303.14</u></div>
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<div class="ContentPasted0"><u>HI SD CRN    1.40                        8.17 1/2</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3389 up 0.0069</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed slightly lower.</u></div>
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<div class="ContentPasted0"><u>      MAY23   HI 15.32                   NOV23     HI 13.72  1/4</u></div>
<div class="ContentPasted0"><u>             LOW 15.18  1/4                       LOW 13.63</u></div>
<div class="ContentPasted0"><u>            CLOSE15.25  1/2  Down 2 1/4         CLOSE 13.69  3/4  Down  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        +MAY23+MAY23+MAY23</u></div>
<div class="ContentPasted0"><u>CK Low      4.50                         19.76 725.87  3.80        17.50 642.92</u></div>
<div class="ContentPasted0"><u>CK High     4.65                         19.91 731.38  3.99        17.69 649.90</u></div>
<div class="ContentPasted0"><u>CK Average  4.60                   -0.42 19.86 729.60  3.91 -0.55  17.60 646.81</u></div>
<div class="ContentPasted0"><u>Essex Cty   4.65                         19.91 731.38  3.90        17.60 646.60</u></div>
<div class="ContentPasted0"><u>Mdsx Low    4.57                         19.83 728.44  3.80        17.50 642.92</u></div>
<div class="ContentPasted0"><u>Mdsx High   4.65                         19.91 731.38  4.03        17.73 651.37</u></div>
<div class="ContentPasted0"><u>Mdsx Average4.61                   -0.42 19.86 729.73  3.92 -0.54  17.62 647.33</u></div>
<div class="ContentPasted0"><u>Hensall     4.60                         19.86 729.55  3.90        17.60 646.60</u></div>
<div class="ContentPasted0"><u>Bruce       4.60                         19.86 729.55  3.90        17.60 646.60</u></div>
<div class="ContentPasted0"><u>Putnam      4.60                         19.86 729.55  3.90        17.60 646.60</u></div>
<div class="ContentPasted0"><u>Burford     4.67                         19.93 732.12  4.10        17.80 653.95</u></div>
<div class="ContentPasted0"><u>Port Perry  4.51                         19.77 726.24  3.94        17.64 648.07</u></div>
<div class="ContentPasted0"><u>Norfolk     4.65                         19.91 731.38  3.95        17.65 648.43</u></div>
<div class="ContentPasted0"><u>Palmerston  4.56                         19.82 728.08  N/A</u></div>
<div class="ContentPasted0"><u>Varna       4.67                         19.93 732.12  3.90        17.60 646.60</u></div>
<div class="ContentPasted0"><u>Trenton     4.50                         19.76 725.87  3.80        17.50 642.92</u></div>
<div class="ContentPasted0"><u>Winchester  4.50                         19.76 725.87  3.80        17.50 642.92</u></div>
<div class="ContentPasted0"><u>North Gower 4.57                         19.83 728.44  3.80        17.50 642.92</u></div>
<div class="ContentPasted0"><u>Vankleek Hil5.22                         20.48 752.33  3.89        17.59 646.23</u></div>
<div class="ContentPasted0"><u>Huron FOB   4.65  4.80  4.93  N/A        19.91 731.38  N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB    4.90                         20.16 740.57  3.95        17.65 648.43</u></div>
<div class="ContentPasted0"><u>Lambton FOB 4.85                         20.11 738.73  N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    4.96  N/A   N/A   N/A        20.22 742.77  4.16        17.86 656.15</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor     5.15                         20.41 749.76  4.14        17.84 655.42</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton    5.35                         20.61 757.10  4.45        18.15 666.81</u></div>
<div class="ContentPasted0"><u>Prescott     N/A                                       4.25        17.95 659.46</u></div>
<div class="ContentPasted0"><u>Port Colborn4.98                         20.24 743.51  4.64        18.34 673.79</u></div>
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<div class="ContentPasted0"><u>Toledo El.  -0.28                        14.97 550.19 -0.60        13.10 481.16</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.3389 up 0.0069</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed slightly lower.</u></div>
<div class="ContentPasted0"><u>MAR23      HI     7.76  1/2            JUL23   HI         7.90</u></div>
<div class="ContentPasted0"><u>           LOW    7.50  3/4                    LOW     7.65  3/4</u></div>
<div class="ContentPasted0"><u>           CLOSE  7.56  3/4  Down 4 1/4        CLOSE   7.71  3/4  Down 3 3/4</u></div>
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<div class="ContentPasted0"><u>Minni wheat closed slightly lower.</u></div>
<div class="ContentPasted0"><u>MAR23      HI     9.29  3/4            SEP23   HI         8.98</u></div>
<div class="ContentPasted0"><u>           LOW    9.12  3/4                    LOW     8.82  1/2</u></div>
<div class="ContentPasted0"><u>           CLOSE  9.21  1/2  Down 3 1/4        CLOSE   8.90  3/4  Down 3 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   1.35    N/A    N/A     N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>London      2.54   2.27   1.40    N/A    2.72    1.91   1.38    N/A</u></div>
<div class="ContentPasted0"><u>Hensall     4.25    N/A   1.35    N/A    2.85    N/A    1.30    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       2.35   1.85   1.35   1.15    2.30    1.80   1.30   1.15</u></div>
<div class="ContentPasted0"><u>Essex        N/A    N/A   1.40    N/A    N/A     N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>Norwich     4.25    N/A   1.35    N/A    2.85    N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>Port Hope    N/A    N/A   1.35    N/A    N/A     N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>Kent Bridge 4.25    N/A   1.35    N/A    2.85    N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>Chatham      N/A    N/A   1.40    N/A    N/A     N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>Brigden      N/A    N/A   1.40    N/A    N/A     N/A    1.30    N/A</u></div>
<div class="ContentPasted0"><u>Palmerston   N/A   1.99   1.46    N/A    N/A     N/A     N/A    N/A</u></div>
<div class="ContentPasted0"><u>Varna       4.15   2.20   1.45    N/A    2.75    1.90   1.25    N/A</u></div>
<div class="ContentPasted0"><u>Mitchell    4.25    N/A   1.35    N/A    2.85    1.90   1.30    N/A</u></div>
<div class="ContentPasted0"><u>Thornton    2.54   2.27   1.40   1.99    2.72    1.91   1.38    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                  2.26</u></div>
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<div class="ContentPasted0"><u>TERMINAL</u></div>
<div class="ContentPasted0"><u>Port Colbor  N/A    N/A   2.07    N/A    N/A     N/A    1.98    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    2.48    N/A</u></div>
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<div class="ContentPasted0"><u>Toledo El. 7.32US        9.80CA         7.47US         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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</u></div>
<div class="ContentPasted0"><u>FEED GRAINS</u></div>
<div class="ContentPasted0"><u>FOB Hm Soymeal            778.80</u></div>
<div class="ContentPasted0"><u>DDG's FOB Aylm            360.00</u></div>
<u><br>
</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
<o:p> </o:p></span></p>
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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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