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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Thu, February 2</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3019 down 0.0070</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.69 3/4 DEC17 HI 3.96 3/4</u></div>
<div><u> LOW 3.66 1/4 LOW 3.93 3/4</u></div>
<div><u> CLOSE3.67 1/2 Down 3/4 CLOSE 3.94 1/2 Down 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 +MAY17+MAY17+JUL17</u></div>
<div><u>CK Low 0.65 4.33 170.27 0.75 4.70 184.83</u></div>
<div><u>CK High 0.65 4.33 170.27 0.75 4.70 184.83</u></div>
<div><u>CK Avg 0.65 -0.35 4.33 170.27 0.75 -0.34 4.70 184.83</u></div>
<div><u>Essex Cty 0.55 4.23 166.33 0.75 4.70 184.83</u></div>
<div><u>Mdsx Low 0.65 4.33 170.27 0.75 4.70 184.83</u></div>
<div><u>Mdsx High 0.65 4.33 170.27 0.75 4.70 184.83</u></div>
<div><u>Mdsx Avg 0.65 -0.35 4.33 170.27 0.75 -0.34 4.70 184.83</u></div>
<div><u>Hensall 0.68 4.35 171.25 0.78 4.72 185.82</u></div>
<div><u>Bruce 0.65 4.33 170.27 0.75 4.70 184.83</u></div>
<div><u>Putnam 0.65 4.33 170.27 0.75 4.70 184.83</u></div>
<div><u>Burford 0.65 4.33 170.27 0.85 4.80 188.77</u></div>
<div><u>Port Perry 1.05 4.73 186.02 0.80 4.75 186.80</u></div>
<div><u>Norfolk 0.75 4.43 174.20 0.85 4.80 188.77</u></div>
<div><u>Palmerston 0.65 4.33 170.27 0.75 4.70 184.83</u></div>
<div><u>Varna 0.70 4.38 172.24 0.80 4.75 186.80</u></div>
<div><u>Trenton 1.10 4.78 187.98 0.80 4.75 186.80</u></div>
<div><u>Winchester 1.16 4.84 190.35 1.15 5.10 200.58</u></div>
<div><u>North Gower 1.07 4.75 186.80 1.10 5.05 198.61</u></div>
<div><u>Huron FOB 0.95 4.63 182.08 0.85 4.80 188.77</u></div>
<div><u>Kent FOB 0.95 4.63 182.08 0.75 4.70 184.83</u></div>
<div><u>Lamb FOB 1.00 4.68 184.05 0.75 4.70 184.83</u></div>
<div><u>Mdsx FOB 0.85 0.90 0.90N/A 4.53 178.14 0.75 4.70 184.83</u></div>
<div><u>FOB SW Que 1.30 4.98 195.86N/A</u></div>
<div><u>Track 1.23 4.90 192.90N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.15 1.15 1.15 1.20 4.83 189.95 1.00 4.95 194.68</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 4.90 192.71</u></div>
<div><u>Sarn-Eth 1.15 1.15 1.15 1.20 4.83 189.95N/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 4.95 194.68</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 5.05 198.61</u></div>
<div><u>W O Feed 1.41 5.09 200.35</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.64 5.32 209.24</u></div>
<div><u>Toledo El. -0.05 3.62 142.63 -0.33 3.62 142.51</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.05 4.73 186.02 0.95 4.90192 5/7</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.65 4.32 1/2</u></div>
<div><u>HI SD CRN 0.65 4.32 1/2</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 1.3019 down 0.0070</u></div>
<div><u>Chicago soybeans closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 10.41 3/4 NOV17 HI 10.19 3/4</u></div>
<div><u> LOW 10.31 1/4 LOW 10.09 3/4</u></div>
<div><u> CLOSE10.37 1/4 Up 1/2 CLOSE 10.18 1/2 Up 6 1/2</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 2.28 12.65 464.902.24 12.43 456.54</u></div>
<div><u>CK High 2.35 12.72 467.472.35 12.54 460.58</u></div>
<div><u>CK Average 2.31 -0.6412.68 465.822.28 -0.6012.47 458.07</u></div>
<div><u>Essex Cty 2.30 12.67 465.632.25 12.44 456.91</u></div>
<div><u>Mdsx Low 2.28 12.65 464.902.22 12.41 455.81</u></div>
<div><u>Mdsx High 2.35 12.72 467.472.30 12.49 458.75</u></div>
<div><u>Mdsx Average 2.32 -0.6312.69 466.192.26 -0.6212.45 457.28</u></div>
<div><u>Hensall 2.38 12.75 468.392.30 12.49 458.75</u></div>
<div><u>Bruce 2.35 12.72 467.472.30 12.49 458.75</u></div>
<div><u>Putnam 2.35 12.72 467.472.30 12.49 458.75</u></div>
<div><u>Burford 2.35 12.72 467.472.29 12.48 458.38</u></div>
<div><u>Port Perry 2.28 12.65 464.902.22 12.41 455.81</u></div>
<div><u>Norfolk 2.35 12.72 467.472.40 12.59 462.42</u></div>
<div><u>Palmerston 2.35 12.72 467.472.30 12.49 458.75</u></div>
<div><u>Varna 2.40 12.77 469.312.30 12.49 458.75</u></div>
<div><u>Trenton 2.40 12.77 469.312.30 12.49 458.75</u></div>
<div><u>Winchester 2.47 12.84 471.882.39 12.58 462.05</u></div>
<div><u>North Gower 2.40 12.77 469.312.42 12.61 463.15</u></div>
<div><u>Huron FOB 2.50 12.87 472.982.40 12.59 462.42</u></div>
<div><u>Kent FOB 2.40 12.77 469.312.25 12.44 456.91</u></div>
<div><u>Lambton FOB 2.50 12.87 472.982.45 12.64 464.26</u></div>
<div><u>Middlesex FOB2.45 2.52 2.47 N/A 12.82 471.152.35 12.54 460.58</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.90 2.95 2.90 N/A 13.27 487.682.75 12.94 475.28</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.60 12.97 476.662.70 12.89 473.44</u></div>
<div><u>Sarnia 2.30 12.67 465.632.57 12.76 468.67</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.48 9.89 363.42-0.51 9.68 355.59</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3019 down 0.0070</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR17 HI 4.37 3/4 JUL17 HI 4.63</u></div>
<div><u> LOW 4.29 3/4 LOW 4.55</u></div>
<div><u> CLOSE 4.34 1/2 Up 3/4 CLOSE 4.60 3/4 Up 1</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR17 HI 5.65 1/2 SEP17 HI 5.64</u></div>
<div><u> LOW 5.56 1/4 LOW 5.58 3/4</u></div>
<div><u> CLOSE 5.61 Up 5 1/4 CLOSE 5.64 Up 3</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 0.79 0.79 0.79 0.39</u></div>
<div><u>CAD $/bu 5.14 5.14 5.14 6.00</u></div>
<div><u>CAD $/tonne 188.78 188.78 188.78 220.60</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 0.71 0.71 0.77 N/A 0.71 0.65 0.65 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 0.65 0.60 0.60 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 0.65 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 0.65 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 0.10 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.70 0.70 0.19 N/A 0.85 0.85 0.55</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 1.11 0.76 0.86 N/A</u></div>
<div><u>Prescott N/A N/A 0.72 N/A N/A N/A 0.92 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.31N/A N/A N/A 1.39N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.25US 5.53CA 4.41US 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 0.66</u></div>
<div><u>CAD $/bu 5.47 5.41 5.41 6.30</u></div>
<div><u>CAD $/tonne 201.10 198.71 198.71 231.34</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 499.14</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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