FARM MARKET NEWS - SOYBEAN AND WHEAT REPORT FOR Wed, January 26
Exchange rate was 1.2612 up 0.0007
Chicago soybeans closed slightly to moderately higher.

      MAR22   HI 14.43  3/4              NOV22     HI 13.38  1/4
             LOW 13.93  3/4                       LOW 13.08  3/4
            CLOSE14.40   Up 32 3/4              CLOSE 13.34   Up 15 1/2

            OLD CROP                                  NEW CROP
Location    Basis  1mt   2mt   3mt  U.S.  $/bu   $/mt Basis  U.S.   $/bu   $/mt
ELEVATORS        +MAR22+MAR22+MAY22
CK Low      3.20                         17.60 646.69  2.70        16.04 589.37
CK High     3.30                         17.70 650.36  2.80        16.14 593.04
CK Average  3.24                   -0.42 17.64 648.05  2.73 -0.61  16.07 590.31
Essex Cty   3.20                         17.60 646.69  2.70        16.04 589.37
Mdsx Low    3.20                         17.60 646.69  2.72        16.06 590.10
Mdsx High   3.25                         17.65 648.53  2.75        16.09 591.21
Mdsx Average3.22                   -0.43 17.62 647.30  2.74 -0.59  16.08 590.84
Hensall     3.25                         17.65 648.53  2.73        16.07 590.59
Bruce       3.30                         17.70 650.36  2.75        16.09 591.21
Putnam      3.25                         17.65 648.53  2.70        16.04 589.37
Burford     3.27                         17.67 649.26  2.79        16.13 592.68
Port Perry  3.16                         17.56 645.22  2.68        16.02 588.63
Norfolk     3.20                         17.60 646.69  2.75        16.09 591.21
Palmerston  3.20                         17.60 646.69  2.65        15.99 587.53
Varna       3.25                         17.65 648.53  2.75        16.09 591.21
Trenton     3.25                         17.65 648.53  2.75        16.09 591.21
Winchester  3.29                         17.69 650.00  2.80        16.14 593.04
North Gower 3.20                         17.60 646.69  2.85        16.19 594.88
Vankleek Hil3.80                         18.20 668.74  3.00        16.34 600.39
Huron FOB   3.37  3.50  3.53  3.61       17.77 652.94  N/A
Kent FOB    3.40                         17.80 654.04  2.75        16.09 591.21
Lambton FOB 3.40                         17.80 654.04  2.85        16.19 594.88
Mdsx FOB    3.51  3.51  3.58  3.51       17.91 658.08  2.95        16.29 598.56

PROCESSORS
Windsor     3.97                         18.37 674.98  3.06        16.40 602.60

TRANSFER
Hamilton    3.65                         18.05 663.22  3.20        16.54 607.74
Prescott     N/A                                       3.30        16.64 611.42
Port Colborn3.67                         18.07 663.96  3.30        16.64 611.42

Toledo El.  -0.25                        14.15 519.84 -0.50        12.84 471.62


Exchange rate was 1.2612 up 0.0007
Chicago wheat closed moderately lower to lower.
MAR22      HI     8.17  1/2            JUL22   HI         8.07
           LOW    7.87                         LOW     7.82  1/2
           CLOSE  7.95   Down 23               CLOSE   7.90  3/4  Down 17

Minni wheat closed lower to sharply lower.
MAR22      HI     9.47  1/4            SEP22   HI      9.07  1/4
           LOW    9.13  1/2                    LOW     8.88  1/2
           CLOSE  9.16  1/4  Down 31           CLOSE   8.93  1/2  Down 22 1/2



Direct MarkHarvest 2021                Harvest 2022
           DELIVERED BASIS             DELIVERED BASIS
Location   SWW(C) HRW(C) SRW(C) HRS(M) SWW(C)  HRW(C)  SRW(C) HRS(M)
ELEVATORS
Brgssvll     N/A    N/A   1.20    N/A    N/A     N/A    1.50    N/A
London      1.30   1.55   1.11    N/A    1.85    1.79   1.54    N/A
Hensall     1.20    N/A   1.20    N/A    2.30    N/A    1.50    N/A
Trenton      N/A    N/A    N/A    N/A    N/A     N/A    1.40    N/A
Bruce       1.10   1.70   1.10    N/A    2.20    1.70   1.50   1.50
Essex        N/A    N/A   1.15    N/A    N/A     N/A    1.50    N/A
Norwich     1.20    N/A   1.20    N/A    2.30    N/A    1.50    N/A
Port Hope    N/A    N/A   1.20    N/A    N/A     N/A    1.50    N/A
Kent Bridge 1.20    N/A   1.20    N/A    2.30    N/A    1.50    N/A
Chatham      N/A    N/A   1.15    N/A    N/A     N/A    1.50    N/A
Brigden      N/A    N/A   1.15    N/A    N/A     N/A    1.50    N/A
Palmerston   N/A   2.06   1.23   1.75    N/A     N/A    1.54   1.57
Varna       1.45   1.95   1.20    N/A    2.20    1.70   1.50    N/A
Mitchell    1.20   1.80   1.20    N/A    2.30    1.70   1.50    N/A
Thornton    1.30   1.55   1.11   2.17    1.85    1.79   1.60    N/A
North Gower  N/A   1.05   1.40   1.12    N/A     N/A    1.45    N/A
W O Feed                  2.03

TERMINAL
Port Colbor  N/A    N/A   1.82    N/A    N/A     N/A    1.93    N/A

PROCESSORS
Toledo FM    N/A    N/A   2.45    N/A    N/A     N/A    2.19    N/A

Toledo El. 7.80US        9.84CA         7.86US         9.91CA


(C)-Basis over the Chicago Board of Trade futures
(M)-Basis over the Minneapolis Grain Exchange

FEED GRAINS
FOB Hm Soymeal            601.32
DDG's FOB Srn & Aylm      315.00