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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 1</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3089 up 0.0059</u></div>
<div><u>Chicago corn closed moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.68 1/2 DEC17 HI 3.96 1/4</u></div>
<div><u> LOW 3.58 LOW 3.85 3/4</u></div>
<div><u> CLOSE3.68 1/4 Up 8 1/2 CLOSE 3.96 1/4 Up 9</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 +MAY17+MAY17+JUL17</u></div>
<div><u>CK Low 0.65 4.33 170.56 0.75 4.71 185.52</u></div>
<div><u>CK High 0.65 4.33 170.56 0.75 4.71 185.52</u></div>
<div><u>CK Avg 0.65 -0.36 4.33 170.56 0.75 -0.34 4.71 185.52</u></div>
<div><u>Essex Cty 0.55 4.23 166.63 0.75 4.71 185.52</u></div>
<div><u>Mdsx Low 0.65 4.33 170.56 0.75 4.71 185.52</u></div>
<div><u>Mdsx High 0.65 4.33 170.56 0.75 4.71 185.52</u></div>
<div><u>Mdsx Avg 0.65 -0.36 4.33 170.56 0.75 -0.34 4.71 185.52</u></div>
<div><u>Hensall 0.68 4.36 171.55 0.78 4.74 186.51</u></div>
<div><u>Bruce 0.65 4.33 170.56 0.75 4.71 185.52</u></div>
<div><u>Putnam 0.65 4.33 170.56 0.75 4.71 185.52</u></div>
<div><u>Burford 0.65 4.33 170.56 0.85 4.81 189.46</u></div>
<div><u>Port Perry 1.05 4.73 186.31 0.80 4.76 187.49</u></div>
<div><u>Norfolk 0.75 4.43 174.50 0.85 4.81 189.46</u></div>
<div><u>Palmerston 0.65 4.33 170.56 0.75 4.71 185.52</u></div>
<div><u>Varna 0.70 4.38 172.53 0.80 4.76 187.49</u></div>
<div><u>Trenton 1.10 4.78 188.28 0.80 4.76 187.49</u></div>
<div><u>Winchester 1.15 4.83 190.25 1.10 5.06 199.30</u></div>
<div><u>North Gower 1.12 4.80 189.07 1.10 5.06 199.30</u></div>
<div><u>Huron FOB 0.95 4.63 182.37 0.85 4.81 189.46</u></div>
<div><u>Kent FOB 0.95 4.63 182.37 0.75 4.71 185.52</u></div>
<div><u>Lamb FOB 0.95 4.63 182.37 0.75 4.71 185.52</u></div>
<div><u>Mdsx FOB 0.85 0.90 0.90N/A 4.53 178.44 0.75 4.71 185.52</u></div>
<div><u>FOB SW Que 1.30 4.98 196.15N/A</u></div>
<div><u>Track 1.23 4.91 193.20N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.15 1.15 1.15 1.15 4.83 190.25 1.00 4.96 195.36</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 1.15 1.25 0.95 4.91 193.40</u></div>
<div><u>Sarn-Eth 1.15 1.15 1.15 1.20 4.83 190.25N/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 1.20 1.19 1.00 4.96 195.36</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 1.45 1.10 5.06 199.30</u></div>
<div><u>W O Feed 1.41 5.10 200.64</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.64 5.32 209.54</u></div>
<div><u>Toledo El. -0.05 3.63 142.92 -0.33 3.64 143.18</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.05 4.73 186.31 0.95 4.91193 2/5</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.65 4.33 1/4</u></div>
<div><u>HI SD CRN 0.65 4.33 1/4</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 1.3089 up 0.0059</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 10.37 1/2 NOV17 HI 10.12 1/2</u></div>
<div><u> LOW 10.17 LOW 9.95 1/2</u></div>
<div><u> CLOSE10.36 3/4 Up 12 1/4 CLOSE 10.12 Up 11</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+MAY1+MAY17</u></div>
<div><u>CK Low 2.30 12.67 465.452.23 12.35 453.78</u></div>
<div><u>CK High 2.35 12.72 467.292.30 12.42 456.36</u></div>
<div><u>CK Average 2.32 -0.6512.68 466.002.28 -0.6012.40 455.62</u></div>
<div><u>Essex Cty 2.30 12.67 465.452.30 12.42 456.36</u></div>
<div><u>Mdsx Low 2.34 12.71 466.922.21 12.33 453.05</u></div>
<div><u>Mdsx High 2.35 12.72 467.292.25 12.37 454.52</u></div>
<div><u>Mdsx Average 2.35 -0.6212.71 467.102.23 -0.6412.35 453.78</u></div>
<div><u>Hensall 2.38 12.74 468.212.28 12.40 455.44</u></div>
<div><u>Bruce 2.35 12.72 467.292.25 12.37 454.52</u></div>
<div><u>Putnam 2.35 12.72 467.292.30 12.42 456.36</u></div>
<div><u>Burford 2.41 12.78 469.492.28 12.40 455.62</u></div>
<div><u>Port Perry 2.34 12.71 466.922.21 12.33 453.05</u></div>
<div><u>Norfolk 2.35 12.72 467.292.45 12.57 461.87</u></div>
<div><u>Palmerston 2.35 12.72 467.292.35 12.47 458.19</u></div>
<div><u>Varna 2.40 12.77 469.132.30 12.42 456.36</u></div>
<div><u>Trenton 2.40 12.77 469.132.25 12.37 454.52</u></div>
<div><u>Winchester 2.55 12.92 474.642.55 12.67 465.54</u></div>
<div><u>North Gower 2.42 12.79 469.862.42 12.54 460.77</u></div>
<div><u>Huron FOB 2.50 12.87 472.802.40 12.52 460.03</u></div>
<div><u>Kent FOB 2.40 12.77 469.132.30 12.42 456.36</u></div>
<div><u>Lambton FOB 2.50 12.87 472.802.45 12.57 461.87</u></div>
<div><u>Middlesex FOB2.51 2.56 2.51 N/A 12.88 473.172.38 12.50 459.30</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.95 3.00 2.95 N/A 13.32 489.332.85 12.97 476.57</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.65 13.02 478.312.75 12.87 472.89</u></div>
<div><u>Sarnia 2.31 12.68 465.822.66 12.78 469.58</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.48 9.88 363.20-0.51 9.61 353.19</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3089 up 0.0059</u></div>
<div><u>Chicago wheat closed higher.</u></div>
<div><u>MAR17 HI 4.34 1/2 JUL17 HI 4.60 1/2</u></div>
<div><u> LOW 4.17 LOW 4.43 1/4</u></div>
<div><u> CLOSE 4.33 3/4 Up 13 CLOSE 4.59 3/4 Up 12 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed moderately higher.</u></div>
<div><u>MAR17 HI 5.57 3/4 SEP17 HI 5.62</u></div>
<div><u> LOW 5.47 LOW 5.53 1/2</u></div>
<div><u> CLOSE 5.55 3/4 Up 7 1/4 CLOSE 5.61 Up 6 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 0.80 0.80 0.80 0.39</u></div>
<div><u>CAD $/bu 5.14 5.14 5.14 5.95</u></div>
<div><u>CAD $/tonne 188.76 188.76 188.76 218.49</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 0.70 N/A N/A N/A 0.60 N/A</u></div>
<div><u>London 0.69 0.69 0.76 N/A 0.71 0.64 0.64 N/A</u></div>
<div><u>Hensall 0.70 N/A 0.70 N/A 0.65 N/A 0.60 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 0.49 N/A</u></div>
<div><u>Norwich 0.70 N/A 0.70 N/A 0.65 N/A 0.60 N/A</u></div>
<div><u>Port Hope N/A N/A 0.70 N/A N/A 0.65 0.65 N/A</u></div>
<div><u>Kent Bridge 0.70 N/A 0.70 N/A 0.65 N/A 0.60 N/A</u></div>
<div><u>Chatham N/A N/A 0.70 N/A N/A N/A 0.60 N/A</u></div>
<div><u>Brigden N/A N/A 0.70 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 0.65 0.60 0.60 N/A</u></div>
<div><u>Thornton N/A N/A N/A 0.13 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.65 0.65 0.15 N/A 0.80 0.80 0.53</u></div>
<div><u>W O Feed 1.43</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 1.14 0.80 0.90 N/A 1.10 0.75 0.85 N/A</u></div>
<div><u>Prescott N/A N/A 0.72 N/A N/A N/A 0.92 0.72</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.32N/A N/A N/A 1.39N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.24US 5.53CA 4.40US 5.73CA</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 0.87 0.80 0.80 0.65</u></div>
<div><u>CAD $/bu 5.47 5.40 5.40 6.26</u></div>
<div><u>CAD $/tonne 200.82 198.43 198.43 230.13</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 501.56</u></div>
<div><u>DDG's FOB Srn & Aylm 145.00 - 150.00</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<u></u>
<p class="MsoNormal"><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">Blair Andrews</span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><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: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153);">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: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51); background: rgb(253, 253, 253);">x
63577<span class="apple-converted-space"> </span></span><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 51, 51);"><br>
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