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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Fri, February 3</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3004 down 0.0015</u></div>
<div><u>Chicago corn closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.67 3/4 DEC17 HI 3.94 3/4</u></div>
<div><u> LOW 3.64 LOW 3.91 1/2</u></div>
<div><u> CLOSE3.65 1/4 Down 2 1/4 CLOSE 3.92 3/4 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 4.30 169.38 0.75 4.68 184.15</u></div>
<div><u>CK High 0.65 4.30 169.38 0.75 4.68 184.15</u></div>
<div><u>CK Avg 0.65 -0.35 4.30 169.38 0.75 -0.33 4.68 184.15</u></div>
<div><u>Essex Cty 0.55 4.20 165.45 0.75 4.68 184.15</u></div>
<div><u>Mdsx Low 0.65 4.30 169.38 0.75 4.68 184.15</u></div>
<div><u>Mdsx High 0.65 4.30 169.38 0.75 4.68 184.15</u></div>
<div><u>Mdsx Avg 0.65 -0.35 4.30 169.38 0.75 -0.33 4.68 184.15</u></div>
<div><u>Hensall 0.68 4.33 170.37 0.78 4.70 185.13</u></div>
<div><u>Bruce 0.65 4.30 169.38 0.75 4.68 184.15</u></div>
<div><u>Putnam 0.65 4.30 169.38 0.75 4.68 184.15</u></div>
<div><u>Burford 0.65 4.30 169.38 0.85 4.78 188.08</u></div>
<div><u>Port Perry 1.05 4.70 185.13 0.80 4.73 186.11</u></div>
<div><u>Norfolk 0.75 4.40 173.32 0.85 4.78 188.08</u></div>
<div><u>Palmerston 0.65 4.30 169.38 0.75 4.68 184.15</u></div>
<div><u>Varna 0.70 4.35 171.35 0.80 4.73 186.11</u></div>
<div><u>Trenton 1.10 4.75 187.10 0.80 4.73 186.11</u></div>
<div><u>Winchester 1.10 4.75 187.10 1.15 5.08 199.89</u></div>
<div><u>North Gower 1.07 4.72 185.92 1.10 5.03 197.92</u></div>
<div><u>Huron FOB 0.92 4.57 180.01 0.80 4.73 186.11</u></div>
<div><u>Kent FOB 0.97 4.62 181.98 0.75 4.68 184.15</u></div>
<div><u>Lamb FOB 1.00 4.65 183.16 0.75 4.68 184.15</u></div>
<div><u>Mdsx FOB 0.85 0.90 0.90N/A 4.50 177.26 0.75 4.68 184.15</u></div>
<div><u>FOB SW Que 1.30 4.95 194.97N/A</u></div>
<div><u>Track 1.23 4.88 192.02N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.15 1.15 1.15 1.20 4.80 189.07 1.00 4.93 193.99</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 4.88 192.02</u></div>
<div><u>Sarn-Eth 1.15 1.15 1.15 1.20 4.80 189.07N/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 4.93 193.99</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 5.03 197.92</u></div>
<div><u>W O Feed 1.41 5.06 199.22</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.64 5.29 208.36</u></div>
<div><u>Toledo El. -0.05 3.60 141.74 -0.33 3.60 141.81</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.05 4.70 185.13 0.95 4.88192</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.65 4.30 1/4</u></div>
<div><u>HI SD CRN 0.65 4.30 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 1.3004 down 0.0015</u></div>
<div><u>Chicago soybeans closed slightly lower.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 10.44 1/4 NOV17 HI 10.23</u></div>
<div><u> LOW 10.26 1/4 LOW 10.08 1/2</u></div>
<div><u> CLOSE10.27 Down 10 1/4 CLOSE 10.09 3/4 Down 8 3/4</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 12.57 461.872.25 12.35 453.69</u></div>
<div><u>CK High 2.35 12.62 463.712.35 12.45 457.37</u></div>
<div><u>CK Average 2.32 -0.6012.59 462.482.29 -0.5812.39 455.29</u></div>
<div><u>Essex Cty 2.30 12.57 461.872.25 12.35 453.69</u></div>
<div><u>Mdsx Low 2.33 12.60 462.972.27 12.37 454.43</u></div>
<div><u>Mdsx High 2.35 12.62 463.712.30 12.40 455.53</u></div>
<div><u>Mdsx Average 2.34 -0.5912.61 463.342.29 -0.5912.38 454.98</u></div>
<div><u>Hensall 2.38 12.65 464.622.30 12.40 455.53</u></div>
<div><u>Bruce 2.35 12.62 463.712.30 12.40 455.53</u></div>
<div><u>Putnam 2.35 12.62 463.712.30 12.40 455.53</u></div>
<div><u>Burford 2.40 12.67 465.542.34 12.44 457.00</u></div>
<div><u>Port Perry 2.33 12.60 462.972.27 12.37 454.43</u></div>
<div><u>Norfolk 2.37 12.64 464.442.42 12.52 459.94</u></div>
<div><u>Palmerston 2.35 12.62 463.712.30 12.40 455.53</u></div>
<div><u>Varna 2.40 12.67 465.542.30 12.40 455.53</u></div>
<div><u>Trenton 2.40 12.67 465.542.30 12.40 455.53</u></div>
<div><u>Winchester 2.50 12.77 469.222.55 12.65 464.72</u></div>
<div><u>North Gower 2.35 12.62 463.712.42 12.52 459.94</u></div>
<div><u>Huron FOB 2.50 12.77 469.222.35 12.45 457.37</u></div>
<div><u>Kent FOB 2.42 12.69 466.282.27 12.37 454.43</u></div>
<div><u>Lambton FOB 2.50 12.77 469.222.45 12.55 461.04</u></div>
<div><u>Middlesex FOB2.50 2.57 2.51 N/A 12.77 469.222.40 12.50 459.20</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 2.90 2.95 2.90 N/A 13.17 483.912.77 12.87 472.80</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.60 12.87 472.892.70 12.80 470.23</u></div>
<div><u>Sarnia 2.30 12.57 461.872.57 12.67 465.45</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.48 9.79 359.66-0.51 9.59 352.37</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3004 down 0.0015</u></div>
<div><u>Chicago wheat closed slightly lower.</u></div>
<div><u>MAR17 HI 4.35 3/4 JUL17 HI 4.61</u></div>
<div><u> LOW 4.29 1/4 LOW 4.54 1/4</u></div>
<div><u> CLOSE 4.30 1/4 Down 4 1/4 CLOSE 4.56 1/4 Down 4 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly lower.</u></div>
<div><u>MAR17 HI 5.63 1/2 SEP17 HI 5.66</u></div>
<div><u> LOW 5.57 1/2 LOW 5.61 3/4</u></div>
<div><u> CLOSE 5.58 1/4 Down 2 3/4 CLOSE 5.62 1/4 Down 1 3/4</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 0.78 0.78 0.78 0.38</u></div>
<div><u>CAD $/bu 5.08 5.08 5.08 5.97</u></div>
<div><u>CAD $/tonne 186.71 186.71 186.71 219.24</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 0.78 N/A 0.73 0.66 0.66 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 0.65 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 0.65 N/A</u></div>
<div><u>Brigden N/A N/A 0.70 N/A N/A N/A 0.65 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 0.09 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.69 0.69 0.19 N/A 0.85 0.85 0.56</u></div>
<div><u>W O Feed 1.39</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 1.30N/A N/A N/A 1.38N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.20US 5.47CA 4.36US 5.68CA</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 0.86 0.79 0.79 0.66</u></div>
<div><u>CAD $/bu 5.42 5.35 5.35 6.28</u></div>
<div><u>CAD $/tonne 199.10 196.70 196.70 230.66</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 496.71</u></div>
<div><u>DDG's FOB Srn & Aylm 145.00 - 150.00</u></div>
<div><u><br>
</u></div>
<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>
<span style="background:#FDFDFD">Fax.<span class="apple-converted-space"> </span></span></span><a href="callto:519-674-1530"><span style="font-size: 10pt; line-height: 115%; font-family: "Courier New"; color: rgb(51, 102, 153);">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;
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<span style="background: rgb(253, 253, 253);">This Farm Market News product is sponsored by:</span><br>
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