<html>
<head>
<meta http-equiv="Content-Type" content="text/html; charset=iso-8859-1">
<style type="text/css" style="display:none;"> P {margin-top:0;margin-bottom:0;} </style>
</head>
<body dir="ltr">
<div class="elementToProof">
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);" class="ContentPasted0">
<u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, January 5</u></div>
<div style="font-family: "Courier New", monospace; font-size: 10pt; color: rgb(0, 0, 0);" class="ContentPasted0">
<div class="ContentPasted0"><u>(All Bases in CAD)</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3347 up 0.0007</u></div>
<div class="ContentPasted0"><u>Chicago corn closed slightly lower.</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>      MAR24   HI 4.67  3/4                    DEC24    HI 4.99  3/4</u></div>
<div class="ContentPasted0"><u>             LOW 4.60                                 LOW 4.93</u></div>
<div class="ContentPasted0"><u>            CLOSE4.60  3/4  Down 5 3/4              CLOSE 4.94   Down 4 3/4</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<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                        5.26 206.98  0.95         5.89 231.88</u></div>
<div class="ContentPasted0"><u>CK High      0.70                        5.31 208.95  0.95         5.89 231.88</u></div>
<div class="ContentPasted0"><u>CK Avg       0.68                  -0.65 5.29 208.10  0.95 -0.53   5.89 231.88</u></div>
<div class="ContentPasted0"><u>Essex Cty    0.70                        5.31 208.95  0.95         5.89 231.88</u></div>
<div class="ContentPasted0"><u>Mdsx Low     0.65                        5.26 206.98  0.95         5.89 231.88</u></div>
<div class="ContentPasted0"><u>Mdsx High    0.70                        5.31 208.95  0.95         5.89 231.88</u></div>
<div class="ContentPasted0"><u>Mdsx Avg     0.69                  -0.64 5.30 208.45  0.95 -0.53   5.89 231.88</u></div>
<div class="ContentPasted0"><u>Hensall      0.72                        5.32 209.60  0.97         5.91 232.54</u></div>
<div class="ContentPasted0"><u>Bruce        0.70                        5.31 208.95  0.95         5.89 231.88</u></div>
<div class="ContentPasted0"><u>Putnam       0.70                        5.31 208.95  0.95         5.89 231.88</u></div>
<div class="ContentPasted0"><u>Guelph       0.65                        5.26 206.98  0.95         5.89 231.88</u></div>
<div class="ContentPasted0"><u>Burford      0.65                        5.26 206.98  0.95         5.89 231.88</u></div>
<div class="ContentPasted0"><u>Port Perry   0.40                        5.01 197.14  0.80         5.74 225.97</u></div>
<div class="ContentPasted0"><u>Norfolk      0.70                        5.31 208.95  0.95         5.89 231.88</u></div>
<div class="ContentPasted0"><u>Palmerston   0.65                        5.26 206.98  0.95         5.89 231.88</u></div>
<div class="ContentPasted0"><u>Varna        0.70                        5.31 208.95  0.95         5.89 231.88</u></div>
<div class="ContentPasted0"><u>Belmore      0.65                        5.26 206.98  0.95         5.89 231.88</u></div>
<div class="ContentPasted0"><u>Trenton      0.45                        5.06 199.10  0.85         5.79 227.94</u></div>
<div class="ContentPasted0"><u>Winchester   0.85                        5.46 214.85  1.20         6.14 241.72</u></div>
<div class="ContentPasted0"><u>North Gower  0.75                        5.36 210.92  1.10         6.04 237.78</u></div>
<div class="ContentPasted0"><u>Vankleek Hil 1.16                        5.77 227.06  0.92         5.86 230.70</u></div>
<div class="ContentPasted0"><u>Huron FOB    0.79  0.86  0.90N/A         5.40 212.49N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB     0.98                        5.59 219.97  1.00         5.94 233.85</u></div>
<div class="ContentPasted0"><u>Lamb FOB     0.98                        5.59 219.97N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB     0.95  0.95  0.90  0.95      5.56 218.79  0.95         5.89 231.88</u></div>
<div class="ContentPasted0"><u>FOB SW Que   1.87                        6.48 255.01N/A</u></div>
<div class="ContentPasted0"><u>Track        1.34                        5.95 234.27N/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         6.31 248.41</u></div>
<div class="ContentPasted0"><u>Jhnstwn-Eth N/A  N/A   N/A   N/A                      1.44         6.38 251.17</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         6.44 253.53</u></div>
<div class="ContentPasted0"><u>Cardnl-Ing  N/A  N/A   N/A   N/A                      1.55         6.49 255.50</u></div>
<div class="ContentPasted0"><u>W O Feed     1.34                        5.95 234.27</u></div>
<div class="ContentPasted0"><u>max 5.0 ppm</u></div>
<div class="ContentPasted0"><u>US Rep       1.67                        6.28 247.13</u></div>
<div class="ContentPasted0"><u>Toledo El.  -0.53                        4.07 160.37 -0.53         4.41 173.46</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Pt. Colb    N/A                                       1.15         6.09 239.75</u></div>
<div class="ContentPasted0"><u>Prescott     1.29                        5.90 232.17  1.32         6.26 246.45</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>HI SD CRN    0.70                        5.30 3/4</u></div>
<div class="ContentPasted0"><u>*Wet Bid</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3347 up 0.0007</u></div>
<div class="ContentPasted0"><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>      MAR24   HI 12.71  1/2              NOV24     HI 12.23  3/4</u></div>
<div class="ContentPasted0"><u>             LOW 12.55                            LOW 12.07  3/4</u></div>
<div class="ContentPasted0"><u>            CLOSE12.56  1/4  Down 11 1/4        CLOSE 12.08  1/2  Down 12 1/4</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<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      3.10                         15.66 575.50  2.88        14.97 549.87</u></div>
<div class="ContentPasted0"><u>CK High     3.15                         15.71 577.34  3.10        15.19 557.95</u></div>
<div class="ContentPasted0"><u>CK Average  3.12                   -0.81 15.69 576.34  2.94 -0.83  15.03 552.07</u></div>
<div class="ContentPasted0"><u>Essex Cty   3.10                         15.66 575.50  3.00        15.09 554.28</u></div>
<div class="ContentPasted0"><u>Mdsx Low    3.04                         15.60 573.29  2.81        14.90 547.30</u></div>
<div class="ContentPasted0"><u>Mdsx High   3.10                         15.66 575.50  2.90        14.99 550.60</u></div>
<div class="ContentPasted0"><u>Mdsx Average3.07                   -0.85 15.64 574.49  2.88 -0.87  14.96 549.78</u></div>
<div class="ContentPasted0"><u>Hensall     3.05                         15.61 573.66  2.85        14.94 548.77</u></div>
<div class="ContentPasted0"><u>Bruce       3.05                         15.61 573.66  2.85        14.94 548.77</u></div>
<div class="ContentPasted0"><u>Putnam      3.05                         15.61 573.66  2.90        14.99 550.60</u></div>
<div class="ContentPasted0"><u>Guelph      3.00                         15.56 571.82  2.92        15.01 551.34</u></div>
<div class="ContentPasted0"><u>Burford     3.15                         15.71 577.34  2.92        15.01 551.34</u></div>
<div class="ContentPasted0"><u>Port Perry  2.98                         15.54 571.09  2.75        14.84 545.09</u></div>
<div class="ContentPasted0"><u>Norfolk     3.10                         15.66 575.50  2.95        15.04 552.44</u></div>
<div class="ContentPasted0"><u>Palmerston  3.05                         15.61 573.66  2.85        14.94 548.77</u></div>
<div class="ContentPasted0"><u>Varna       3.05                         15.61 573.66  2.85        14.94 548.77</u></div>
<div class="ContentPasted0"><u>Trenton     2.85                         15.41 566.31  2.80        14.89 546.93</u></div>
<div class="ContentPasted0"><u>Winchester  2.40                         14.96 549.78  2.85        14.94 548.77</u></div>
<div class="ContentPasted0"><u>North Gower 2.83                         15.39 565.58  3.10        15.19 557.95</u></div>
<div class="ContentPasted0"><u>Vankleek Hil3.02                         15.58 572.56  2.96        15.05 552.81</u></div>
<div class="ContentPasted0"><u>Huron FOB   3.07  3.20  3.33  N/A        15.63 574.40  N/A</u></div>
<div class="ContentPasted0"><u>Kent FOB    3.35                         15.91 584.68  2.90        14.99 550.60</u></div>
<div class="ContentPasted0"><u>Lambton FOB 3.10                         15.66 575.50  N/A</u></div>
<div class="ContentPasted0"><u>Mdsx FOB    3.22  3.28  3.35  3.44       15.78 579.91  2.98        15.07 553.54</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Windsor     3.80                         16.36 601.22  3.54        15.63 574.12</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>TRANSFER</u></div>
<div class="ContentPasted0"><u>Hamilton    3.70                         16.26 597.54  3.45        15.54 570.81</u></div>
<div class="ContentPasted0"><u>Prescott     N/A                                       3.36        15.45 567.51</u></div>
<div class="ContentPasted0"><u>Port Colborn3.55                         16.11 592.03  3.46        15.55 571.18</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>Toledo El.  -0.53                        12.03 441.98 -0.73        11.35 417.08</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>Exchange rate was 1.3347 up 0.0007</u></div>
<div class="ContentPasted0"><u>Chicago wheat closed slightly higher.</u></div>
<div class="ContentPasted0"><u>MAR24      HI     6.21  1/2            JUL24   HI         6.39</u></div>
<div class="ContentPasted0"><u>           LOW    6.11  1/2                    LOW     6.30  1/2</u></div>
<div class="ContentPasted0"><u>           CLOSE  6.16   Up 2 1/2              CLOSE   6.35   Up 3</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>Minni wheat closed narrowly mixed.</u></div>
<div class="ContentPasted0"><u>MAR24      HI     7.21  1/4            SEP24   HI      7.45  1/2</u></div>
<div class="ContentPasted0"><u>           LOW       7.08                      LOW     7.36  3/4</u></div>
<div class="ContentPasted0"><u>           CLOSE  7.12   Up  3/4               CLOSE   7.37  1/4  Down  1/2</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<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      1.41   1.47   1.14    N/A    1.40    1.53   1.20    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   0.95    1.45    1.45   1.15   0.85</u></div>
<div class="ContentPasted0"><u>Essex        N/A    N/A   1.10    N/A    N/A     N/A    1.10    N/A</u></div>
<div class="ContentPasted0"><u>Norwich     1.20    N/A   1.10    N/A    1.70    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   1.10    N/A    1.70    N/A    1.15    N/A</u></div>
<div class="ContentPasted0"><u>Chatham      N/A    N/A   1.10    N/A    N/A     N/A    1.10    N/A</u></div>
<div class="ContentPasted0"><u>Brigden      N/A    N/A   1.10    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   1.45   1.10    N/A    1.70    1.60   1.15    N/A</u></div>
<div class="ContentPasted0"><u>Thornton    1.41   1.47   1.14   0.94    1.40    1.53   1.20    N/A</u></div>
<div class="ContentPasted0"><u>North Gower  N/A   0.80   1.00   0.82    N/A     1.10   1.40   0.92</u></div>
<div class="ContentPasted0"><u>W O Feed                  1.94</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>TERMINAL</u></div>
<div class="ContentPasted0"><u>Port Colbor  N/A    N/A   1.74    N/A    N/A     N/A    1.66    N/A</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>PROCESSORS</u></div>
<div class="ContentPasted0"><u>Toledo FM    N/A    N/A   1.59    N/A    N/A     N/A    1.99    N/A</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>Toledo El.   N/A                        6.11US         8.15CA</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<div><u><br class="ContentPasted0">
</u></div>
<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>
<div><u><br class="ContentPasted0">
</u></div>
<div class="ContentPasted0"><u>FEED GRAINS</u></div>
<div class="ContentPasted0"><u>FOB Hm Soymeal            604.52</u></div>
<div class="ContentPasted0"><u>DDG's FOB Aylm            280.00</u></div>
<div class="ContentPasted0"><br>
</div>
<div id="Signature">
<div>
<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>
<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"">Editor, 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>
<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"">Email:fmnc@uoguelph.ca<span style="mso-spacerun:yes"> 
</span><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"">Tel. 519-674-1500 x 63577
<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""><br>
<span style="background: rgb(253, 253, 253);">Click on this link:<span><span style="color: rgb(51, 51, 51);"> </span></span></span><span><span style="color: rgb(51, 102, 153);">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span><span style="background: rgb(253, 253, 253); color: rgb(51, 51, 51);"> </span></span><span style="background: rgb(253, 253, 253);"> to
 unsubscribe from this report.</span><br>
<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
<span style="background: rgb(253, 253, 253);">Grain Farmers of Ontario</span></span><o:p> </o:p></p>
</div>
</div>
</div>
</div>
</body>
</html>