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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Tue, February 7</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3167 up 0.0050</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.69 DEC17 HI 3.96 1/2</u></div>
<div><u> LOW 3.62 1/2 LOW 3.91</u></div>
<div><u> CLOSE3.68 1/2 Up 4 3/4 CLOSE 3.96 1/4 Up 4 1/4</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 4.34 170.66 0.75 4.71 185.52</u></div>
<div><u>CK High 0.65 4.34 170.66 0.75 4.71 185.52</u></div>
<div><u>CK Avg 0.65 -0.39 4.34 170.66 0.75 -0.38 4.71 185.52</u></div>
<div><u>Essex Cty 0.55 4.24 166.72 0.75 4.71 185.52</u></div>
<div><u>Mdsx Low 0.65 4.34 170.66 0.75 4.71 185.52</u></div>
<div><u>Mdsx High 0.65 4.34 170.66 0.75 4.71 185.52</u></div>
<div><u>Mdsx Avg 0.65 -0.39 4.34 170.66 0.75 -0.38 4.71 185.52</u></div>
<div><u>Hensall 0.68 4.36 171.65 0.78 4.74 186.51</u></div>
<div><u>Bruce 0.65 4.34 170.66 0.75 4.71 185.52</u></div>
<div><u>Putnam 0.65 4.34 170.66 0.75 4.71 185.52</u></div>
<div><u>Burford 0.65 4.34 170.66 0.85 4.81 189.46</u></div>
<div><u>Port Perry 1.05 4.74 186.41 0.80 4.76 187.49</u></div>
<div><u>Norfolk 0.75 4.44 174.60 0.85 4.81 189.46</u></div>
<div><u>Palmerston 0.65 4.34 170.66 0.75 4.71 185.52</u></div>
<div><u>Varna 0.70 4.39 172.63 0.80 4.76 187.49</u></div>
<div><u>Trenton 1.10 4.79 188.38 0.80 4.76 187.49</u></div>
<div><u>Winchester 1.15 4.84 190.35 1.15 5.11 201.27</u></div>
<div><u>North Gower 1.12 4.81 189.16 1.10 5.06 199.30</u></div>
<div><u>Huron FOB 0.95 4.64 182.47 0.85 4.81 189.46</u></div>
<div><u>Kent FOB 0.97 4.66 183.26 0.75 4.71 185.52</u></div>
<div><u>Lamb FOB 1.00 4.69 184.44 0.75 4.71 185.52</u></div>
<div><u>Mdsx FOB 0.85 0.90 0.90N/A 4.54 178.54 0.75 4.71 185.52</u></div>
<div><u>FOB SW Que 1.18 4.87 191.53N/A</u></div>
<div><u>Track 1.23 4.91 193.30N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.15 1.15 1.15 1.20 4.84 190.35 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 4.84 190.35N/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 N/A 1.03 4.99 196.55</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 1.13 5.09 200.48</u></div>
<div><u>W O Feed 1.40 5.09 200.19</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.65 5.34 210.03</u></div>
<div><u>Toledo El. -0.05 3.63 143.00 -0.33 3.63 143.06</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.05 4.74 186.41 0.95 4.91193 2/5</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.65 4.33 1/2</u></div>
<div><u>HI SD CRN 0.65 4.33 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 1.3167 up 0.0050</u></div>
<div><u>Chicago soybeans closed mixed.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 10.43 1/4 NOV17 HI 10.21 1/4</u></div>
<div><u> LOW 10.32 LOW 10.12 1/2</u></div>
<div><u> CLOSE10.42 3/4 Up 6 3/4 CLOSE 10.19 1/2 Up 2 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 2.40 12.83 471.332.35 12.55 460.95</u></div>
<div><u>CK High 2.50 12.93 475.002.40 12.60 462.79</u></div>
<div><u>CK Average 2.46 -0.6312.89 473.602.38 -0.6312.58 462.11</u></div>
<div><u>Essex Cty 2.40 12.83 471.332.35 12.55 460.95</u></div>
<div><u>Mdsx Low 2.47 12.90 473.902.37 12.57 461.68</u></div>
<div><u>Mdsx High 2.55 12.98 476.842.40 12.60 462.79</u></div>
<div><u>Mdsx Average 2.51 -0.6012.94 475.372.39 -0.6212.58 462.24</u></div>
<div><u>Hensall 2.55 12.98 476.842.45 12.65 464.62</u></div>
<div><u>Bruce 2.55 12.98 476.842.40 12.60 462.79</u></div>
<div><u>Putnam 2.35 12.78 469.492.30 12.50 459.11</u></div>
<div><u>Burford 2.54 12.97 476.472.44 12.64 464.26</u></div>
<div><u>Port Perry 2.47 12.90 473.902.37 12.57 461.68</u></div>
<div><u>Norfolk 2.55 12.98 476.842.50 12.70 466.46</u></div>
<div><u>Palmerston 2.45 12.88 473.172.40 12.60 462.79</u></div>
<div><u>Varna 2.55 12.98 476.842.50 12.70 466.46</u></div>
<div><u>Trenton 2.55 12.98 476.842.40 12.60 462.79</u></div>
<div><u>Winchester 2.62 13.05 479.412.67 12.87 472.71</u></div>
<div><u>North Gower 2.45 12.88 473.172.51 12.71 466.83</u></div>
<div><u>Huron FOB 2.65 13.08 480.522.60 12.80 470.14</u></div>
<div><u>Kent FOB 2.60 13.03 478.682.40 12.60 462.79</u></div>
<div><u>Lambton FOB 2.65 13.08 480.522.60 12.80 470.14</u></div>
<div><u>Middlesex FOB2.67 2.74 2.68 N/A 13.10 481.252.57 12.77 469.03</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.05 3.10 3.07 N/A 13.48 495.213.00 13.20 484.83</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.76 13.19 484.562.86 13.06 479.69</u></div>
<div><u>Sarnia 2.41 12.84 471.702.68 12.88 473.08</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.49 9.94 365.26-0.51 9.68 355.77</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3167 up 0.0050</u></div>
<div><u>Chicago wheat closed moderately higher.</u></div>
<div><u>MAR17 HI 4.31 JUL17 HI 4.55 1/4</u></div>
<div><u> LOW 4.19 3/4 LOW 4.45 3/4</u></div>
<div><u> CLOSE 4.30 3/4 Up 8 1/4 CLOSE 4.55 1/4 Up 6 1/2</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR17 HI 5.57 1/2 SEP17 HI 5.61 3/4</u></div>
<div><u> LOW 5.51 1/4 LOW 5.58 1/2</u></div>
<div><u> CLOSE 5.55 1/2 Up 1/4 CLOSE 5.60 3/4 Up 1</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 0.83 0.83 0.83 0.44</u></div>
<div><u>CAD $/bu 5.14 5.14 5.14 5.99</u></div>
<div><u>CAD $/tonne 188.93 188.93 188.93 220.24</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 0.74 0.74 0.74 N/A 0.76 0.69 0.69 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 0.51 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 0.65 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 0.15 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.68 0.68 0.20 N/A 0.83 0.83 0.57</u></div>
<div><u>W O Feed 1.37</u></div>
<div><u><br>
</u></div>
<div><u>TERMINAL</u></div>
<div><u>Sarnia 1.14 0.79 0.94 N/A 1.10 0.75 0.87 N/A</u></div>
<div><u>Prescott N/A N/A 0.75 N/A N/A N/A 0.95 N/A</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Toledo FM N/A N/A 1.36N/A N/A N/A 1.43N/A</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. 4.21US 5.54CA 4.35US 5.72CA</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 0.91 0.84 0.84 0.71</u></div>
<div><u>CAD $/bu 5.46 5.39 5.39 6.32</u></div>
<div><u>CAD $/tonne 200.55 198.13 198.13 232.18</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 501.45</u></div>
<div><u>DDG's FOB Srn & Aylm 145.00 - 150.00</u></div>
<div><br>
</div>
<div>
<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>
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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;
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<br>
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