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<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, January 3</u></div>
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<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.334 up 0.0031</u></div>
<div class="ContentPasted0"><u>Chicago corn closed slightly higher.</u></div>
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<div class="ContentPasted0"><u>      MAR24   HI 4.66                         DEC24    HI 5.00</u></div>
<div class="ContentPasted0"><u>             LOW 4.61  3/4                            LOW 4.97  1/4</u></div>
<div class="ContentPasted0"><u>            CLOSE4.65  1/4  Up 1 1/2                CLOSE 4.98  1/2  Up  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        +MAR24+MAY24+MAY24</u></div>
<div class="ContentPasted0"><u>CK Low       0.65                        5.30 208.75  0.95         5.94 233.65</u></div>
<div class="ContentPasted0"><u>CK High      0.65                        5.30 208.75  0.95         5.94 233.65</u></div>
<div class="ContentPasted0"><u>CK Avg       0.65                  -0.68 5.30 208.75  0.95 -0.54   5.94 233.65</u></div>
<div class="ContentPasted0"><u>Essex Cty    0.65                        5.30 208.75  0.95         5.94 233.65</u></div>
<div class="ContentPasted0"><u>Mdsx Low     0.65                        5.30 208.75  0.95         5.94 233.65</u></div>
<div class="ContentPasted0"><u>Mdsx High    0.65                        5.30 208.75  0.95         5.94 233.65</u></div>
<div class="ContentPasted0"><u>Mdsx Avg     0.65                  -0.68 5.30 208.75  0.95 -0.54   5.94 233.65</u></div>
<div class="ContentPasted0"><u>Hensall      0.67                        5.32 209.41  0.97         5.95 234.31</u></div>
<div class="ContentPasted0"><u>Bruce        0.65                        5.30 208.75  0.95         5.94 233.65</u></div>
<div class="ContentPasted0"><u>Putnam       0.65                        5.30 208.75  0.95         5.94 233.65</u></div>
<div class="ContentPasted0"><u>Guelph       0.65                        5.30 208.75  0.95         5.94 233.65</u></div>
<div class="ContentPasted0"><u>Burford      0.65                        5.30 208.75  0.95         5.94 233.65</u></div>
<div class="ContentPasted0"><u>Port Perry   0.40                        5.05 198.91  0.80         5.79 227.75</u></div>
<div class="ContentPasted0"><u>Norfolk      0.65                        5.30 208.75  0.95         5.94 233.65</u></div>
<div class="ContentPasted0"><u>Palmerston   0.65                        5.30 208.75  0.95         5.94 233.65</u></div>
<div class="ContentPasted0"><u>Varna        0.65                        5.30 208.75  0.95         5.94 233.65</u></div>
<div class="ContentPasted0"><u>Belmore      0.65                        5.30 208.75  0.95         5.94 233.65</u></div>
<div class="ContentPasted0"><u>Trenton      0.45                        5.10 200.88  0.85         5.84 229.71</u></div>
<div class="ContentPasted0"><u>Winchester   0.85                        5.50 216.62  1.20         6.19 243.49</u></div>
<div class="ContentPasted0"><u>North Gower  0.75                        5.40 212.69  1.10         6.09 239.56</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 1.15                        5.80 228.43  0.92         5.91 232.47</u></div>
<div class="ContentPasted0"><u>Huron FOB    0.79  0.86  0.90N/A         5.44 214.26N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB     0.95                        5.60 220.56  1.00         5.99 235.62</u></div>
<div class="ContentPasted0"><u>Lamb FOB     0.98                        5.63 221.74N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB     0.95  0.95  0.90  0.95      5.60 220.56  0.95         5.94 233.65</u></div>
<div class="ContentPasted0"><u>FOB SW Que   2.23                        6.88 270.95N/A</u></div>
<div class="ContentPasted0"><u>Track        1.33                        5.98 235.39N/A</u></div>
<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Chat-Eth    N/A  N/A   N/A     1.33                   1.37         6.36 250.19</u></div>
<div class="ContentPasted0"><u>Jhnstwn-Eth N/A  N/A   N/A   N/A                      1.44         6.43 252.94</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                      1.50         6.49 255.30</u></div>
<div class="ContentPasted0"><u>Cardnl-Ing  N/A  N/A   N/A   N/A                      1.55         6.54 257.27</u></div>
<div class="ContentPasted0"><u>W O Feed     1.33                        5.98 235.39</u></div>
<div class="ContentPasted0"><u>max 5.0 ppm</u></div>
<div class="ContentPasted0"><u>US Rep       1.69                        6.34 249.69</u></div>
<div class="ContentPasted0"><u>Toledo El.  -0.53                        4.12 162.15 -0.53         4.45 175.24</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb    N/A                                       1.15         6.14 241.52</u></div>
<div class="ContentPasted0"><u>Prescott     1.28                        5.93 233.55  1.32         6.31 248.22</u></div>
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<div class="ContentPasted0"><u>HI SD CRN    0.65                        5.30 1/4</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.334 up 0.0031</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed slightly higher.</u></div>
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<div class="ContentPasted0"><u>      MAR24   HI 12.80                   NOV24     HI 12.30  1/2</u></div>
<div class="ContentPasted0"><u>             LOW 12.65  3/4                       LOW 12.17  1/2</u></div>
<div class="ContentPasted0"><u>            CLOSE12.77   Up 3 1/2               CLOSE 12.25  1/4  Up 3 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        +MAR24+MAR24+MAY24</u></div>
<div class="ContentPasted0"><u>CK Low      3.15                         15.92 584.96  2.90        15.15 556.76</u></div>
<div class="ContentPasted0"><u>CK High     3.15                         15.92 584.96  3.10        15.35 564.11</u></div>
<div class="ContentPasted0"><u>CK Average  3.15                   -0.84 15.92 584.96  2.95 -0.86  15.20 558.44</u></div>
<div class="ContentPasted0"><u>Essex Cty   3.15                         15.92 584.96  3.00        15.25 560.43</u></div>
<div class="ContentPasted0"><u>Mdsx Low    3.08                         15.85 582.39  2.85        15.10 554.92</u></div>
<div class="ContentPasted0"><u>Mdsx High   3.15                         15.92 584.96  2.90        15.15 556.76</u></div>
<div class="ContentPasted0"><u>Mdsx Average3.12                   -0.86 15.89 583.86  2.89 -0.90  15.14 556.30</u></div>
<div class="ContentPasted0"><u>Hensall     3.07                         15.84 581.90  2.85        15.10 554.92</u></div>
<div class="ContentPasted0"><u>Bruce       3.05                         15.82 581.29  2.85        15.10 554.92</u></div>
<div class="ContentPasted0"><u>Putnam      3.10                         15.87 583.12  2.90        15.15 556.76</u></div>
<div class="ContentPasted0"><u>Guelph      2.98                         15.75 578.71  2.90        15.15 556.76</u></div>
<div class="ContentPasted0"><u>Burford     3.24                         16.01 588.27  3.01        15.26 560.80</u></div>
<div class="ContentPasted0"><u>Port Perry  3.02                         15.79 580.18  2.79        15.04 552.72</u></div>
<div class="ContentPasted0"><u>Norfolk     3.15                         15.92 584.96  2.95        15.20 558.60</u></div>
<div class="ContentPasted0"><u>Palmerston  3.05                         15.82 581.29  2.85        15.10 554.92</u></div>
<div class="ContentPasted0"><u>Varna       3.05                         15.82 581.29  2.85        15.10 554.92</u></div>
<div class="ContentPasted0"><u>Trenton     2.78                         15.55 571.36  2.80        15.05 553.08</u></div>
<div class="ContentPasted0"><u>Winchester  2.40                         15.17 557.40  2.85        15.10 554.92</u></div>
<div class="ContentPasted0"><u>North Gower 2.83                         15.60 573.20  3.10        15.35 564.11</u></div>
<div class="ContentPasted0"><u>Vankleek Hil3.04                         15.81 580.92  2.97        15.22 559.33</u></div>
<div class="ContentPasted0"><u>Huron FOB   3.12  3.25  3.39  N/A        15.89 583.86  N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB    3.40                         16.17 594.15  2.90        15.15 556.76</u></div>
<div class="ContentPasted0"><u>Lambton FOB 3.10                         15.87 583.12  N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    3.19  3.33  3.39  3.49       15.96 586.43  3.02        15.27 561.17</u></div>
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<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor     3.88                         16.65 611.78  3.61        15.86 582.85</u></div>
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<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton    3.75                         16.52 607.01  3.45        15.70 576.97</u></div>
<div class="ContentPasted0"><u>Prescott     N/A                                       3.37        15.62 574.03</u></div>
<div class="ContentPasted0"><u>Port Colborn3.59                         16.36 601.13  3.50        15.75 578.81</u></div>
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<div class="ContentPasted0"><u>Toledo El.  -0.53                        12.24 449.61 -0.73        11.52 423.24</u></div>
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<div class="ContentPasted0"><u>Exchange rate was 1.334 up 0.0031</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed slightly lower.</u></div>
<div class="ContentPasted0"><u>MAR24      HI     6.09  3/4            JUL24   HI      6.29  1/4</u></div>
<div class="ContentPasted0"><u>           LOW    5.98  1/4                    LOW     6.20  1/4</u></div>
<div class="ContentPasted0"><u>           CLOSE  6.00  1/4  Down 6 1/2        CLOSE   6.22   Down 4 1/4</u></div>
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<div class="ContentPasted0"><u>Minni wheat closed slightly lower.</u></div>
<div class="ContentPasted0"><u>MAR24      HI     7.16  1/4            SEP24   HI         7.42</u></div>
<div class="ContentPasted0"><u>           LOW    7.06  3/4                    LOW        7.36</u></div>
<div class="ContentPasted0"><u>           CLOSE  7.08  1/2  Down 6 1/2        CLOSE   7.36   Down 5 3/4</u></div>
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<div class="ContentPasted0"><u>Direct MarkHarvest 2023                Harvest 2024</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   1.05    N/A    N/A     N/A    1.15    N/A</u></div>
<div class="ContentPasted0"><u>London      1.35   1.35   0.99    N/A    1.35    1.48   1.08    N/A</u></div>
<div class="ContentPasted0"><u>Hensall     1.15   1.45   1.10   1.05    1.60    1.60   1.15    N/A</u></div>
<div class="ContentPasted0"><u>Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.15    N/A</u></div>
<div class="ContentPasted0"><u>Bruce        N/A   1.40   1.10   1.00    1.45    1.45   1.15    N/A</u></div>
<div class="ContentPasted0"><u>Essex        N/A    N/A   1.05    N/A    N/A     N/A    1.10    N/A</u></div>
<div class="ContentPasted0"><u>Norwich     1.20    N/A   1.05    N/A    1.65    N/A    1.15    N/A</u></div>
<div class="ContentPasted0"><u>Belmore      N/A   0.90   1.10   0.90    1.70    1.15   1.15    N/A</u></div>
<div class="ContentPasted0"><u>Kent Bridge 1.20    N/A   1.05    N/A    1.65    N/A    1.15    N/A</u></div>
<div class="ContentPasted0"><u>Chatham      N/A    N/A   1.05    N/A    N/A     N/A    1.10    N/A</u></div>
<div class="ContentPasted0"><u>Brigden      N/A    N/A   1.05    N/A    N/A     N/A    1.10    N/A</u></div>
<div class="ContentPasted0"><u>Palmerston   N/A   0.90   1.10   0.90    1.70    1.15   1.15    N/A</u></div>
<div class="ContentPasted0"><u>Varna       1.15   1.45   1.10    N/A    1.60    1.60   1.15    N/A</u></div>
<div class="ContentPasted0"><u>Mitchell    1.20   1.30   1.05    N/A    1.65    1.55   1.15    N/A</u></div>
<div class="ContentPasted0"><u>Thornton    1.35   1.35   0.99   0.92    1.35    1.48   1.08    N/A</u></div>
<div class="ContentPasted0"><u>North Gower  N/A   0.80   0.80   0.82    N/A     1.12   1.42   0.92</u></div>
<div class="ContentPasted0"><u>W O Feed                  1.90</u></div>
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<div class="ContentPasted0"><u>TERMINAL</u></div>
<div class="ContentPasted0"><u>Port Colbor  N/A    N/A   1.61    N/A    N/A     N/A    1.48    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   1.54    N/A    N/A     N/A    1.94    N/A</u></div>
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<div class="ContentPasted0"><u>Toledo El.   N/A                        5.98US         7.98CA</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            616.64</u></div>
<div class="ContentPasted0"><u>DDG's FOB Aylm            280.00</u></div>
<u><br>
</u>
<div id="Signature">
<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, 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""><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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