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<div><u>FARM MARKET NEWS - ONTARIO COMMODITY REPORT FOR Wed, February 8</u></div>
<div><u>(All Bases in CAD)</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3157 down 0.0010</u></div>
<div><u>Chicago corn closed slightly higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 3.71 DEC17 HI 3.97 3/4</u></div>
<div><u> LOW 3.66 1/2 LOW 3.94 1/4</u></div>
<div><u> CLOSE3.70 3/4 Up 2 1/4 CLOSE 3.97 1/2 Up 1 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 4.36 171.55 0.75 4.73 186.02</u></div>
<div><u>CK High 0.70 4.41 173.52 0.80 4.78 187.98</u></div>
<div><u>CK Avg 0.67 -0.38 4.37 172.20 0.77 -0.37 4.74 186.67</u></div>
<div><u>Essex Cty 0.55 4.26 167.61 0.75 4.73 186.02</u></div>
<div><u>Mdsx Low 0.65 4.36 171.55 0.75 4.73 186.02</u></div>
<div><u>Mdsx High 0.65 4.36 171.55 0.75 4.73 186.02</u></div>
<div><u>Mdsx Avg 0.65 -0.39 4.36 171.55 0.75 -0.38 4.73 186.02</u></div>
<div><u>Hensall 0.68 4.38 172.53 0.78 4.75 187.00</u></div>
<div><u>Bruce 0.65 4.36 171.55 0.75 4.73 186.02</u></div>
<div><u>Putnam 0.65 4.36 171.55 0.75 4.73 186.02</u></div>
<div><u>Burford 0.65 4.36 171.55 0.85 4.83 189.95</u></div>
<div><u>Port Perry 1.05 4.76 187.29 0.80 4.78 187.98</u></div>
<div><u>Norfolk 0.80 4.51 177.45 0.90 4.88 191.92</u></div>
<div><u>Palmerston 0.65 4.36 171.55 0.75 4.73 186.02</u></div>
<div><u>Varna 0.70 4.41 173.52 0.80 4.78 187.98</u></div>
<div><u>Trenton 1.10 4.81 189.26 0.80 4.78 187.98</u></div>
<div><u>Winchester 1.15 4.86 191.23 1.15 5.13 201.76</u></div>
<div><u>North Gower 1.14 4.85 190.84 1.10 5.08 199.79</u></div>
<div><u>Huron FOB 0.95 4.66 183.36 0.85 4.83 189.95</u></div>
<div><u>Kent FOB 1.00 4.71 185.33 0.80 4.78 187.98</u></div>
<div><u>Lamb FOB 1.00 4.71 185.33 0.75 4.73 186.02</u></div>
<div><u>Mdsx FOB 0.85 0.90 0.90N/A 4.56 179.42 0.75 4.73 186.02</u></div>
<div><u>FOB SW Que 1.18 4.89 192.41N/A</u></div>
<div><u>Track 1.23 4.93 194.18N/A</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Chat-Eth 1.15 1.15 1.15 1.20 4.86 191.23 1.00 4.98 195.86</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 4.93 193.89</u></div>
<div><u>Sarn-Eth 1.15 1.15 1.15 1.20 4.86 191.23N/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 5.01 197.04</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 5.11 200.97</u></div>
<div><u>W O Feed 1.40 5.11 200.99</u></div>
<div><u><br>
</u></div>
<div><u>US Rep 1.70 5.41 212.88</u></div>
<div><u>Toledo El. -0.05 3.65 143.89 -0.33 3.65 143.55</u></div>
<div><u><br>
</u></div>
<div><u>TRANSFER</u></div>
<div><u>Sarnia 1.05 4.76 187.29 0.95 4.93193 8/9</u></div>
<div><u><br>
</u></div>
<div><u>MID SD CRN 0.67 1/2 4.38 1/4</u></div>
<div><u>HI SD CRN 0.70 4.40 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 1.3157 down 0.0010</u></div>
<div><u>Chicago soybeans closed slightly to moderately higher.</u></div>
<div><u><br>
</u></div>
<div><u> MAR17 HI 10.59 3/4 NOV17 HI 10.29</u></div>
<div><u> LOW 10.40 LOW 10.17</u></div>
<div><u> CLOSE10.58 3/4 Up 16 CLOSE 10.28 1/4 Up 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 2.50 13.09 480.882.40 12.68 466.00</u></div>
<div><u>CK High 2.56 13.15 483.092.45 12.73 467.84</u></div>
<div><u>CK Average 2.54 -0.6113.13 482.482.44 -0.6112.72 467.35</u></div>
<div><u>Essex Cty 2.55 13.14 482.722.45 12.73 467.84</u></div>
<div><u>Mdsx Low 2.56 13.15 483.092.40 12.68 466.00</u></div>
<div><u>Mdsx High 2.60 13.19 484.562.50 12.78 469.68</u></div>
<div><u>Mdsx Average 2.58 -0.5813.17 483.822.45 -0.6012.73 467.84</u></div>
<div><u>Hensall 2.58 13.16 483.642.50 12.78 469.68</u></div>
<div><u>Bruce 2.60 13.19 484.562.50 12.78 469.68</u></div>
<div><u>Putnam 2.55 13.14 482.722.40 12.68 466.00</u></div>
<div><u>Burford 2.65 13.24 486.392.49 12.77 469.31</u></div>
<div><u>Port Perry 2.56 13.15 483.092.40 12.68 466.00</u></div>
<div><u>Norfolk 2.60 13.19 484.562.60 12.88 473.35</u></div>
<div><u>Palmerston 2.60 13.19 484.562.50 12.78 469.68</u></div>
<div><u>Varna 2.55 13.14 482.722.50 12.78 469.68</u></div>
<div><u>Trenton 2.55 13.14 482.722.40 12.68 466.00</u></div>
<div><u>Winchester 2.66 13.25 486.762.70 12.98 477.03</u></div>
<div><u>North Gower 2.52 13.11 481.622.58 12.86 472.62</u></div>
<div><u>Huron FOB 2.65 13.24 486.392.60 12.88 473.35</u></div>
<div><u>Kent FOB 2.65 13.24 486.392.45 12.73 467.84</u></div>
<div><u>Lambton FOB 2.65 13.24 486.392.60 12.88 473.35</u></div>
<div><u>Middlesex FOB2.73 2.73 2.67 N/A 13.32 489.332.56 12.84 471.88</u></div>
<div><u><br>
</u></div>
<div><u>PROCESSORS</u></div>
<div><u>Hamilton 3.10 3.15 3.10 N/A 13.69 502.932.95 13.23 486.21</u></div>
<div><u> N/A N/A N/A</u></div>
<div><u>TRANSFER</u></div>
<div><u>Prescott 2.78 13.37 491.172.86 13.14 482.90</u></div>
<div><u>Sarnia 2.45 13.04 479.052.72 13.00 477.76</u></div>
<div><u><br>
</u></div>
<div><u>Toledo El. -0.49 10.10 371.14-0.51 9.77 358.98</u></div>
<div><u><br>
</u></div>
<div><u><br>
</u></div>
<div><u>Bank of Canada Noon exchange rate was 1.3157 down 0.0010</u></div>
<div><u>Chicago wheat closed slightly higher.</u></div>
<div><u>MAR17 HI 4.33 1/4 JUL17 HI 4.56 1/2</u></div>
<div><u> LOW 4.27 1/2 LOW 4.51</u></div>
<div><u> CLOSE 4.32 1/2 Up 1 3/4 CLOSE 4.56 Up 3/4</u></div>
<div><u><br>
</u></div>
<div><u>Minni wheat closed slightly higher.</u></div>
<div><u>MAR17 HI 5.60 1/4 SEP17 HI 5.62 1/2</u></div>
<div><u> LOW 5.55 1/4 LOW 5.58 3/4</u></div>
<div><u> CLOSE 5.57 1/2 Up 2 CLOSE 5.61 1/4 Up 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 0.84 0.84 0.84 0.44</u></div>
<div><u>CAD $/bu 5.16 5.16 5.16 6.02</u></div>
<div><u>CAD $/tonne 189.71 189.71 189.71 221.13</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 0.73 0.73 0.73 N/A 0.74 0.68 0.68 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 0.48 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 0.14 N/A N/A N/A N/A</u></div>
<div><u>North Gower N/A 0.73 0.73 0.24 N/A 0.87 0.87 0.61</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 0.74 0.86 N/A</u></div>
<div><u>Prescott N/A N/A 0.76 N/A N/A N/A 0.96 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. 4.23US 5.56CA 4.36US 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 0.91 0.84 0.84 0.71</u></div>
<div><u>CAD $/bu 5.47 5.40 5.40 6.33</u></div>
<div><u>CAD $/tonne 200.91 198.50 198.50 232.43</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 510.60</u></div>
<div><u>DDG's FOB Srn & Aylm 145.00 - 150.00</u></div>
<div><br>
</div>
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