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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, January 31</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.303 down 0.0063</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.61 1/4 DEC17 HI 3.89</u></div>
<div><u> LOW 3.57 3/4 LOW 3.85 3/4</u></div>
<div><u> CLOSE3.59 3/4 Up 2 CLOSE 3.87 1/4 Up 1 3/4</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP BASIS NEW CROP BASIS</u></div>
<div><u>Location Spot 1mt 2mt 3mt U.S. $/bu $/mt Cntrct U.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +MAR17+MAY17+MAY17</u></div>
<div><u>CK Low 0.65 4.25 167.22 0.75 4.62 181.98</u></div>
<div><u>CK High 0.65 4.25 167.22 0.75 4.62 181.98</u></div>
<div><u>CK Avg 0.65 -0.33 4.25 167.22 0.75 -0.32 4.62 181.98</u></div>
<div><u>Essex Cty 0.55 4.15 163.28 0.75 4.62 181.98</u></div>
<div><u>Mdsx Low 0.65 4.25 167.22 0.75 4.62 181.98</u></div>
<div><u>Mdsx High 0.65 4.25 167.22 0.75 4.62 181.98</u></div>
<div><u>Mdsx Avg 0.65 -0.33 4.25 167.22 0.75 -0.32 4.62 181.98</u></div>
<div><u>Hensall 0.68 4.27 168.20 0.78 4.65 182.96</u></div>
<div><u>Bruce 0.65 4.25 167.22 0.75 4.62 181.98</u></div>
<div><u>Putnam 0.65 4.25 167.22 0.75 4.62 181.98</u></div>
<div><u>Burford 0.65 4.25 167.22 0.85 4.72 185.92</u></div>
<div><u>Port Perry 1.05 4.65 182.96 0.80 4.67 183.95</u></div>
<div><u>Norfolk 0.75 4.35 171.15 0.85 4.72 185.92</u></div>
<div><u>Palmerston 0.65 4.25 167.22 0.75 4.62 181.98</u></div>
<div><u>Varna 0.70 4.30 169.19 0.80 4.67 183.95</u></div>
<div><u>Trenton 1.10 4.70 184.93 0.80 4.67 183.95</u></div>
<div><u>Winchester 1.15 4.75 186.90 1.10 4.97 195.76</u></div>
<div><u>North Gower 1.12 4.72 185.72 1.10 4.97 195.76</u></div>
<div><u>Huron FOB 0.95 4.55 179.03 0.85 4.72 185.92</u></div>
<div><u>Kent FOB 0.95 4.55 179.03 0.75 4.62 181.98</u></div>
<div><u>Lamb FOB 0.95 4.55 179.03 0.75 4.62 181.98</u></div>
<div><u>Mdsx FOB 0.85 0.90 0.90N/A 4.45 175.09 0.75 4.62 181.98</u></div>
<div><u>FOB SW Que 1.30 4.90 192.81N/A</u></div>
<div><u>Track 1.28 4.87 191.82N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth N/A 1.15 1.15 1.15 1.00 4.87 191.82</u></div>
<div><u>Jhnstwn-Eth N/A N/A N/A N/A N/A</u></div>
<div><u>Aylmer-Eth N/A N/A N/A 1.20 1.00 4.87 191.82</u></div>
<div><u>Sarn-Eth N/A 1.15 1.15 1.15 N/A</u></div>
<div><u>Kawartha N/A N/A N/A N/A N/A</u></div>
<div><u>London-Ing N/A N/A N/A 1.24 1.00 4.87 191.82</u></div>
<div><u>Pt.Colb-Ing N/A N/A N/A N/A N/A</u></div>
<div><u>Cardnl-Ing N/A N/A N/A N/A 1.10 4.97 195.76</u></div>
<div><u>W O Feed 1.41 5.01 197.29</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.64 5.24 206.19</u></div>
<div><u>Toledo El. -0.05 3.55 139.58 -0.33 3.55 139.65</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.00 4.60 181.00 0.95 4.82189 6/7</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.65 4.24 3/4</u></div>
<div><u>HI SD CRN 0.65 4.24 3/4</u></div>
<div><u>*Wet Bid</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.303 down 0.0063</u></div>
<div><u>Chicago soybeans closed narrowly mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 10.26 1/2 NOV17 HI 10.07</u></div>
<div><u> LOW 10.19 1/2 LOW 9.98</u></div>
<div><u> CLOSE10.24 1/2 Up 1 3/4 CLOSE 10.01 Down 3</u></div>
<div><u><br>
</u></div>
<div><u> OLD CROP NEW CROP</u></div>
<div><u>Location Basis 1mt 2mt 3mt U.S. $/bu $/mt BasisU.S. $/bu $/mt</u></div>
<div><u>ELEVATORS +MAR1+MAR1+MAY17</u></div>
<div><u>CK Low 2.29 12.54 460.582.19 12.20 448.27</u></div>
<div><u>CK High 2.45 12.70 466.462.35 12.36 454.15</u></div>
<div><u>CK Average 2.35 -0.5712.59 462.732.30 -0.5512.31 452.25</u></div>
<div><u>Essex Cty 2.45 12.70 466.462.35 12.36 454.15</u></div>
<div><u>Mdsx Low 2.29 12.54 460.582.17 12.18 447.54</u></div>
<div><u>Mdsx High 2.40 12.65 464.622.30 12.31 452.32</u></div>
<div><u>Mdsx Average 2.35 -0.5712.59 462.602.24 -0.5912.25 449.93</u></div>
<div><u>Hensall 2.40 12.65 464.622.30 12.31 452.32</u></div>
<div><u>Bruce 2.40 12.65 464.622.30 12.31 452.32</u></div>
<div><u>Putnam 2.50 12.75 468.302.40 12.41 455.99</u></div>
<div><u>Burford 2.36 12.61 463.152.24 12.25 450.11</u></div>
<div><u>Port Perry 2.29 12.54 460.582.17 12.18 447.54</u></div>
<div><u>Norfolk 2.35 12.60 462.792.45 12.46 457.83</u></div>
<div><u>Palmerston 2.50 12.75 468.302.40 12.41 455.99</u></div>
<div><u>Varna 2.40 12.65 464.622.30 12.31 452.32</u></div>
<div><u>Trenton 2.40 12.65 464.622.30 12.31 452.32</u></div>
<div><u>Winchester 2.41 12.66 464.992.42 12.43 456.72</u></div>
<div><u>North Gower 2.43 12.68 465.732.43 12.44 457.09</u></div>
<div><u>Huron FOB 2.50 12.75 468.302.40 12.41 455.99</u></div>
<div><u>Kent FOB 2.40 12.65 464.622.30 12.31 452.32</u></div>
<div><u>Lambton FOB 2.40 12.65 464.622.45 12.46 457.83</u></div>
<div><u>Middlesex FOB2.39 2.46 2.51 N/A 12.64 464.262.34 12.35 453.78</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.75 2.80 2.85 N/A 13.00 477.482.70 12.71 467.01</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.54 12.79 469.772.64 12.65 464.81</u></div>
<div><u>Sarnia 2.41 12.66 464.992.77 12.78 469.58</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.43 9.82 360.66-0.51 9.50 349.17</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.303 down 0.0063</u></div>
<div><u>Chicago wheat closed slightly to moderately higher.</u></div>
<div><u>MAR17 HI 4.21 1/4 JUL17 HI 4.48</u></div>
<div><u> LOW 4.13 LOW 4.41 1/4</u></div>
<div><u> CLOSE 4.20 3/4 Up 6 3/4 CLOSE 4.47 1/4 Up 4 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR17 HI 5.54 1/4 SEP17 HI 5.58 1/4</u></div>
<div><u> LOW 5.47 3/4 LOW 5.53 1/4</u></div>
<div><u> CLOSE 5.48 1/2 Down 2 3/4 CLOSE 5.54 1/2 Down 1/2</u></div>
<div><u><br>
</u></div>
<div><u>GFO Cash Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 16 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 0.75 0.75 0.75 0.35</u></div>
<div><u>CAD $/bu 4.96 4.96 4.96 5.84</u></div>
<div><u>CAD $/tonne 182.12 182.12 182.12 214.52</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Direct MarkHarvest 2016 Harvest 2017</u></div>
<div><u> DELIVERED BASIS DELIVERED BASIS</u></div>
<div><u>Location SWW(C) HRW(C) SRW(C) HRS(M) SWW(C) HRW(C) SRW(C) HRS(M)</u></div>
<div><u>ELEVATORS</u></div>
<div><u>Brgssvll N/A N/A 0.65 N/A N/A N/A 0.65 N/A</u></div>
<div><u>London 0.65 0.65 0.72 N/A 0.67 0.61 0.61 N/A</u></div>
<div><u>Hensall 0.70 N/A 0.70 N/A 0.70 N/A 0.65 N/A</u></div>
<div><u>Trenton N/A N/A N/A N/A N/A N/A 0.80 N/A</u></div>
<div><u>Bruce 0.70 0.70 0.70 0.40 0.70 0.60 0.65 0.60</u></div>
<div><u>Essex N/A N/A N/A N/A N/A N/A 0.50 N/A</u></div>
<div><u>Norwich 0.70 N/A 0.70 N/A 0.70 N/A 0.65 N/A</u></div>
<div><u>Port Hope N/A N/A 0.70 N/A N/A 0.70 0.65 N/A</u></div>
<div><u>Kent Bridge 0.70 N/A 0.70 N/A 0.70 N/A 0.65 N/A</u></div>
<div><u>Chatham N/A N/A 0.65 N/A N/A N/A 0.60 N/A</u></div>
<div><u>Brigden N/A N/A 0.65 N/A N/A N/A 0.60 N/A</u></div>
<div><u>Palmerston N/A 0.70 0.70 0.40 N/A 0.60 0.60 0.60</u></div>
<div><u>Varna 0.70 0.70 0.70 N/A 0.95 0.65 0.65 N/A</u></div>
<div><u>Mitchell 0.70 0.70 0.70 N/A 0.70 0.65 0.65 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.03 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.66 0.66 0.20 N/A 0.83 0.83 0.57</u></div>
<div><u>W O Feed 1.43</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 1.09 0.74 0.84 N/A 1.11 0.76 0.86 N/A</u></div>
<div><u>Prescott N/A N/A 0.65 N/A N/A N/A 0.86 0.68</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.27N/A N/A N/A 1.34N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. N/A 4.27US 5.56CA</u></div>
<div><u><br>
</u></div>
<div><u>GFO Contract Wheat Prices - DEL Terminal</u></div>
<div><u>Harvest 17 Soft White(C) Hard Red(C) Soft Red(C) Red Spring(M)</u></div>
<div><u>Basis 0.82 0.76 0.76 0.63</u></div>
<div><u>CAD $/bu 5.30 5.23 5.23 6.17</u></div>
<div><u>CAD $/tonne 194.61 192.22 192.22 226.75</u></div>
<div><u><br>
</u></div>
<div><u>(C)-Basis over the Chicago Board of Trade futures</u></div>
<div><u>(M)-Basis over the Minneapolis Grain Exchange</u></div>
<div><u><br>
</u></div>
<div><u>FEED GRAINS</u></div>
<div><u>FOB Hm Soymeal 502.22</u></div>
<div><u>DDG's FOB Srn & Aylm 145.00 - 150.00</u></div>
<div><br>
</div>
<div><span id="ms-rterangepaste-start"></span>
<p class="MsoNormal"><span style="font-size:10.0pt;line-height:115%;font-family:
"Courier New";color:#333333;background:#FDFDFD">Blair Andrews</span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<span style="background:#FDFDFD">Editor, AgriLink and Farm Market News<span class="apple-converted-space"> </span></span><br>
<span style="background:#FDFDFD">University of Guelph, Ridgetown Campus<span class="apple-converted-space"> </span></span><br>
<span style="background:#FDFDFD">Tel.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1500"><span style="font-size:10.0pt;line-height:115%;
font-family:"Courier New";color:#336699;text-decoration:none;text-underline:
none">519-674-1500</span></a><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333;background:#FDFDFD">x
63577<span class="apple-converted-space"> </span></span><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333"><br>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530"><span style="font-size:10.0pt;line-height:115%;
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none">519-674-1530</span></a><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#333333;
background:#FDFDFD"> </span></span><span style="font-size:10.0pt;
line-height:115%;font-family:"Courier New";color:#333333"><br>
<br>
<span style="background:#FDFDFD">Click on this link:<span class="apple-converted-space"> </span></span></span><span class="object"><span style="font-size:10.0pt;line-height:115%;font-family:"Courier New";color:#336699">farmmarketnews-unsubscribe@list.gfo.ca</span></span><span class="apple-converted-space"><span style="font-size:10.0pt;line-height:115%;
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